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Note 7 - Fair Value (Tables) | 6 Months Ended
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Jun. 30, 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 |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  | $ | — |  |  | $ | 2,977 |  |  | $ | — |  |  | $ | 2,977 |
Municipal securities |  |  | — |  |  |  | 226 |  |  |  | — |  |  |  | 226 |
U.S. Treasury Notes |  |  | 122,027 |  |  |  | — |  |  |  | — |  |  |  | 122,027 |
U.S. government-sponsored agencies |  |  | — |  |  |  | 39,727 |  |  |  | — |  |  |  | 39,727 |
Mortgage-backed securities – residential |  |  | — |  |  |  | 3,597 |  |  |  | — |  |  |  | 3,597 |
Collateralized mortgage obligations – residential |  |  | — |  |  |  | 1,093 |  |  |  | — |  |  |  | 1,093 |
|  | $ | 122,027 |  |  | $ | 47,620 |  |  | $ | — |  |  | $ | 169,647 |
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 June 30, 2023 Using: |  |  |  |  |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 115,331 |  |  | $ | 112,707 |  |  | $ | 2,624 |  |  | $ | — |  |  | $ | 115,331 |
Securities |  |  | 169,647 |  |  |  | 122,027 |  |  |  | 47,620 |  |  |  | — |  |  |  | 169,647 |
Loans receivable, net of allowance for credit losses |  |  | 1,170,767 |  |  |  | — |  |  |  | — |  |  |  | 1,117,024 |  |  |  | 1,117,024 |
FHLB and FRB stock |  |  | 7,490 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | N /A |
Accrued interest receivable |  |  | 8,499 |  |  |  | 267 |  |  |  | 486 |  |  |  | 7,746 |  |  |  | 8,499 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 214,705 |  |  |  | — |  |  |  | 211,054 |  |  |  | — |  |  |  | 211,054 |
Borrowings |  |  | 25,000 |  |  |  | — |  |  |  | 24,728 |  |  |  | — |  |  |  | 24,728 |
Subordinated notes |  |  | 19,656 |  |  |  | — |  |  |  | 17,163 |  |  |  | — |  |  |  | 17,163 |
|  |  |  |  |  | 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 |

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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 + Details
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