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Note 8 - Fair Value (Tables)

9 Months Ended

Sep. 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
September 30, 2021
Securities:
Certificates of deposit		$	—			$	7,441			$	—			$	7,441
Municipal securities			—				402				—				402
Mortgage-backed securities – residential			—				5,121				—				5,121
Collateralized mortgage obligations – residential			—				1,729				—				1,729
		$	—			$	14,693			$	—			$	14,693
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
September 30, 2021
Impaired loans - nonresidential real estate		$	—			$	—			$	268			$	268
Foreclosed assets:
One–to–four family residential		$	—			$	—			$	73			$	73
Nonresidential real estate			—				—				140				140
Other foreclosed assets			—				—				792				792
		$	—			$	—			$	1,005			$	1,005
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)
September 30, 2021
Impaired loans - nonresidential real estate		$	268		Sales comparison		Discount applied to valuation			22.0	%
Foreclosed assets:
One–to–four family residential		$	73		Sales comparison		Discount applied to valuation			65.0	%
Nonresidential real estate			140		Sales comparison		Discount applied to valuation			11.8	%
Other foreclosed assets			792		Redemption value		Discount applied to valuation			22.0	%
		$	1,005
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 September 30, 2021 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	528,615			$	11,432			$	517,183			$	—			$	528,615
Securities			14,693				—				14,693				—				14,693
Loans receivable, net of allowance for loan losses			1,047,056				—				—				1,045,500				1,045,500
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			5,118				—				103				5,015				5,118
Financial liabilities
Certificates of deposit			217,267				—				217,452				—				217,452
Borrowings			5,000				—				4,998				—				4,998
Subordinated Notes			19,578				—				20,525				—				20,525

						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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