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Note 7 - Fair Value (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022
Securities:
Certificates of deposit		$	—			$	248			$	—			$	248
Municipal securities			—				387				—				387
U.S. Treasury Notes			152,577				—				—				152,577
Mortgage-backed securities – residential			—				4,382				—				4,382
Collateralized mortgage obligations – residential			—				1,357				—				1,357
		$	152,577			$	6,374			$	—			$	158,951
December 31, 2021
Securities:
Certificates of deposit		$	—			$	2,728			$	—			$	2,728
U.S. Treasury Notes			76,553				—				—				76,553
Mortgage-backed securities - residential			—				4,833				—				4,833
Collateralized mortgage obligations – residential			—				1,580				—				1,580
		$	76,553			$	9,141			$	—			$	85,694

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, 2022
Foreclosed assets		$	—			$	—			$	523			$	523
December 31, 2021
Impaired loans		$	—			$	—			$	267			$	267
Foreclosed assets		$	—			$	—			$	725			$	725

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, 2022
Foreclosed assets		$	523		Redemption value		Discount applied to valuation			8.4	%
December 31, 2021
Impaired loans		$	267		Sales comparison		Discount applied to valuation			22.0	%
Foreclosed assets		$	725		Redemption value		Discount applied to valuation			15.6	%

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

						Fair Value Measurements at June 30, 2022 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	270,471			$	265,253			$	5,218			$	—			$	270,471
Securities			158,951				152,577				6,374				—				158,951
Loans receivable, net of allowance for loan losses			1,142,743				—				—				1,126,357				1,126,357
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			6,660				278				11				6,371				6,660
Financial liabilities
Certificates of deposit			193,110				—				190,200				—				190,200
Subordinated notes			19,612				—				18,675				—				18,675

						Fair Value Measurements at December 31, 2021 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	502,162			$	448,552			$	53,610			$	—			$	502,162
Securities			85,694				76,553				9,141				—				85,694
Loans receivable, net of allowance for loan losses			1,044,207				—				—				1,039,298				1,039,298
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			4,648				79				13				4,556				4,648
Financial liabilities
Certificates of deposit			206,918				—				206,530				—				206,530
Borrowings			5,000				—				4,999				—				4,999
Subordinated notes			19,590				—				20,240				—				20,240

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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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