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Note 3 - Securities | 9 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 3 - SECURITIES The fair value of securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income is as follows:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Fair Value |
Available-for-Sale Securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 7,441 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,441 |
Municipal securities |  |  | 401 |  |  |  | 1 |  |  |  | — |  |  |  | 402 |
Mortgage-backed securities - residential |  |  | 4,909 |  |  |  | 212 |  |  |  | — |  |  |  | 5,121 |
Collateralized mortgage obligations - residential |  |  | 1,724 |  |  |  | 5 |  |  |  | — |  |  |  | 1,729 |
|  | $ | 14,475 |  |  | $ | 218 |  |  | $ | — |  |  | $ | 14,693 |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | 15,117 |  |  | $ | — |  |  | $ | — |  |  | $ | 15,117 |
Municipal securities |  |  | 402 |  |  |  | 7 |  |  |  | — |  |  |  | 409 |
Mortgage-backed securities - residential |  |  | 5,826 |  |  |  | 282 |  |  |  | — |  |  |  | 6,108 |
Collateralized mortgage obligations - residential |  |  | 2,193 |  |  |  | 3 |  |  |  | (1 | ) |  |  | 2,195 |
|  | $ | 23,538 |  |  | $ | 292 |  |  | $ | (1 | ) |  | $ | 23,829 |
Mortgage-backed securities and collateralized mortgage obligations reflected in the preceding table were issued by U.S. government-sponsored entities and agencies, Freddie Mac, Fannie Mae and Ginnie Mae, and are obligations which the government has affirmed its commitment to support. The amortized cost and fair values of securities available-for-sale by contractual maturity are shown below. Securities not due at a single maturity date are shown separately. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
|  | September 30, 2021 |
|  | Amortized Cost |  |  | Fair Value |
Due in one year or less |  | $ | 7,842 |  |  | $ | 7,843 |
Mortgage-backed securities - residential |  |  | 4,909 |  |  |  | 5,121 |
Collateralized mortgage obligations - residential |  |  | 1,724 |  |  |  | 1,729 |
|  | $ | 14,475 |  |  | $ | 14,693 |
Investment securities available-for-sale with carrying value of $1.1 million and $1.2 million at September 30, 2021 and December 31, 2020, respectively, were pledged as collateral on customer repurchase agreements and for other purposes as required or permitted by law. Securities available-for-sale with unrealized losses not recognized in income are as follows:
|  |  | Less than 12 Months |  |  |  | 12 Months or More |  |  |  | Total |
|  | Count |  |  | Fair Value |  |  | Unrealized Loss |  |  | Count |  |  | Fair Value |  |  | Unrealized Loss |  |  | Count |  |  | Fair Value |  |  | Unrealized Loss |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateralized mortgage obligations - residential |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | 3 |  |  | $ | 1,588 |  |  | $ | (1 | ) |  |  | 3 |  |  | $ | 1,588 |  |  | $ | (1 | )
The Company evaluates marketable investment securities with significant declines in fair value on a quarterly basis to determine whether they should be considered other-than-temporarily impaired under current accounting guidance, which generally provides that if a marketable security is in an unrealized loss position, whether due to general market conditions or industry or issuer-specific factors, the holder of the securities must assess whether the impairment is other-than-temporary. There were no unrealized loss positions at September 30, 2021. Certain collateralized mortgage obligations that the Company holds in its investment portfolio were in an unrealized loss position at December 31, 2020, but the unrealized loss was not considered significant under the Company’s impairment testing methodology. In addition, the Company does not intend to sell these securities, and it is likely that the Company will not be required to sell these securities before their anticipated recovery occurs.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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