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Note 8 - Fair Value (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Fair Value Measurements Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Fair Value
June 30, 2021
Securities:
Certificates of deposit		$	—			$	10,905			$	—			$	10,905
Municipal securities			—				404				—				404
Mortgage-backed securities – residential			—				5,706				—				5,706
Collateralized mortgage obligations – residential			—				1,868				—				1,868
		$	—			$	18,883			$	—			$	18,883
December 31, 2020
Securities:
Certificates of deposit		$	—			$	15,117			$	—			$	15,117
Municipal securities			—				409				—				409
Mortgage-backed securities - residential			—				6,108				—				6,108
Collateralized mortgage obligations – residential			—				2,195				—				2,195
		$	—			$	23,829			$	—			$	23,829

Fair Value Measurements, Nonrecurring [Table Text Block]

		Fair Value Measurement Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Fair Value
June 30, 2021
Impaired loans - nonresidential real estate		$	—			$	—			$	268			$	268
Foreclosed assets:
One–to–four family residential		$	—			$	—			$	258			$	258
Nonresidential real estate			—				—				140				140
Other foreclosed assets			—				—				1,170				1,170
		$	—			$	—			$	1,568			$	1,568
December 31, 2020
Impaired loans - nonresidential real estate		$	—			$	—			$	268			$	268

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

		Fair Value			Valuation Technique(s)		Significant Unobservable Input(s)		Range (Weighted Average)
June 30, 2021
Impaired loans - nonresidential real estate		$	268		Sales comparison		Discount applied to valuation			22.0	%
Foreclosed assets:
One–to–four family residential		$	258		Sales comparison		Discount applied to valuation			19.9	%
Nonresidential real estate			140		Sales comparison		Discount applied to valuation			11.8	%
Other foreclosed assets			1,170		Redemption value		Discount applied to valuation			26.6	%
		$	1,568
December 31, 2020
Impaired loans - nonresidential real estate		$	268		Sales comparison		Discount applied to valuation			22.0	%

Fair Value, by Balance Sheet Grouping [Table Text Block]

						Fair Value Measurements at June 30, 2021 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	536,036			$	12,185			$	523,851			$	—			$	536,036
Securities			18,883				—				18,883				—				18,883
Loans receivable, net of allowance for loan losses			1,032,159				—				—				1,032,896				1,032,896
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			5,300				—				43				5,257				5,300
Financial liabilities
Certificates of deposit			224,924				—				225,246				—				225,246
Borrowings			5,000				—				4,997				—				4,997
Subordinated Notes			19,568				—				20,551				—				20,551

						Fair Value Measurements at December 31, 2020 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	503,496			$	14,115			$	489,381			$	—			$	503,496
Securities			23,829				—				23,829				—				23,829
Loans receivable, net of allowance for loan losses			1,002,578				—				—				1,004,854				1,004,854
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			3,941				—				52				3,889				3,941
Financial liabilities
Certificates of deposit			253,000				—				253,906				—				253,906
Borrowings			4,000				—				3,998				—				3,998

X

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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