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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

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- 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

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