XML 33 R24.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 7 - Fair Value (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
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 |
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | — |  |  | $ | 2,977 |  |  | $ | — |  |  | $ | 2,977 |
Municipal securities |  |  | — |  |  |  | 227 |  |  |  | — |  |  |  | 227 |
U.S. Treasury Notes |  |  | 122,365 |  |  |  | — |  |  |  | — |  |  |  | 122,365 |
U.S. government-sponsored agencies |  |  | — |  |  |  | 39,739 |  |  |  | — |  |  |  | 39,739 |
Mortgage-backed securities – residential |  |  | — |  |  |  | 3,781 |  |  |  | — |  |  |  | 3,781 |
Collateralized mortgage obligations – residential |  |  | — |  |  |  | 1,150 |  |  |  | — |  |  |  | 1,150 |
|  | $ | 122,365 |  |  | $ | 47,874 |  |  | $ | — |  |  | $ | 170,239 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | — |  |  | $ | 2,233 |  |  | $ | — |  |  | $ | 2,233 |
Municipal securities |  |  | — |  |  |  | 225 |  |  |  | — |  |  |  | 225 |
U.S. Treasury Notes |  |  | 163,103 |  |  |  | — |  |  |  | — |  |  |  | 163,103 |
U.S. government-sponsored agencies |  |  | — |  |  |  | 39,699 |  |  |  | — |  |  |  | 39,699 |
Mortgage-backed securities – residential |  |  | — |  |  |  | 3,881 |  |  |  | — |  |  |  | 3,881 |
Collateralized mortgage obligations – residential |  |  | — |  |  |  | 1,197 |  |  |  | — |  |  |  | 1,197 |
|  | $ | 163,103 |  |  | $ | 47,235 |  |  | $ | — |  |  | $ | 210,338 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at March 31, 2023 Using: |  |  |  |  |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 77,005 |  |  | $ | 76,432 |  |  | $ | 573 |  |  | $ | — |  |  | $ | 77,005 |
Securities |  |  | 170,239 |  |  |  | 122,365 |  |  |  | 47,874 |  |  |  | — |  |  |  | 170,239 |
Loans receivable, net of allowance for credit losses |  |  | 1,225,288 |  |  |  | — |  |  |  | — |  |  |  | 1,185,493 |  |  |  | 1,185,493 |
FHLB and FRB stock |  |  | 7,490 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | N /A |
Accrued interest receivable |  |  | 8,316 |  |  |  | 304 |  |  |  | 477 |  |  |  | 7,535 |  |  |  | 8,316 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 193,365 |  |  |  | — |  |  |  | 189,910 |  |  |  | — |  |  |  | 189,910 |
Borrowings |  |  | 35,000 |  |  |  | — |  |  |  | 35,088 |  |  |  | — |  |  |  | 35,088 |
Subordinated notes |  |  | 19,645 |  |  |  | — |  |  |  | 17,000 |  |  |  | — |  |  |  | 17,000 |
|  |  |  |  |  | Fair Value Measurements at December 31, 2022 Using: |  |  |  |  |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 66,771 |  |  | $ | 65,967 |  |  | $ | 804 |  |  | $ | — |  |  | $ | 66,771 |
Securities |  |  | 210,338 |  |  |  | 163,103 |  |  |  | 47,235 |  |  |  | — |  |  |  | 210,338 |
Loans receivable, net of allowance for credit losses |  |  | 1,226,743 |  |  |  | — |  |  |  | — |  |  |  | 1,198,616 |  |  |  | 1,198,616 |
FHLB and FRB stock |  |  | 7,490 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | N /A |
Accrued interest receivable |  |  | 7,338 |  |  |  | 514 |  |  |  | 477 |  |  |  | 6,347 |  |  |  | 7,338 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 186,524 |  |  |  | — |  |  |  | 182,398 |  |  |  | — |  |  |  | 182,398 |
Subordinated notes |  |  | 19,634 |  |  |  | — |  |  |  | 17,800 |  |  |  | — |  |  |  | 17,800 |

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration