XML 33 R24.htm IDEA: XBRL DOCUMENT v3.23.2

Note 7 - Fair Value (Tables)

6 Months Ended

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

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