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Note 7 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024
Securities:
Municipal securities		$	—			$	926			$	—			$	926
U.S. Treasury Notes			92,709				—				—				92,709
U.S. government-sponsored agencies			—				141,676				—				141,676
Mortgage-backed securities – residential			—				3,266				—				3,266
Collateralized mortgage obligations – residential			—				972				—				972
		$	92,709			$	146,840			$	—			$	239,549
December 31, 2023
Securities:
Municipal securities		$	—			$	934			$	—			$	934
U.S. Treasury Notes			112,508				—				—				112,508
U.S. government-sponsored agencies			—				35,391				—				35,391
Mortgage-backed securities – residential			—				3,367				—				3,367
Collateralized mortgage obligations – residential			—				1,003				—				1,003
		$	112,508			$	40,695			$	—			$	153,203

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
March 31, 2024
Other foreclosed assets		$	—			$	—			$	387			$	387
December 31, 2023
Other real estate owned		$	—			$	—			$	405			$	405
Other foreclosed assets			—				—				387				387

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)
March 31, 2024
Other foreclosed assets		$	387		Sales comparison		Discount applied to valuation			6.2	%
December 31, 2023
Other real estate owned		$	405		Sales comparison		Discount applied to valuation			10.0	%
Other foreclosed assets			387		Sales comparison		Discount applied to valuation			6.2	%

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

						Fair Value Measurements at March 31, 2024 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents and time deposits in other financial institutions		$	163,188			$	123,542			$	39,646			$	—			$	163,188
Securities			239,549				92,709				146,840				—				239,549
Loans receivable, net of allowance for credit losses			1,007,980				—				—				958,233				958,233
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			7,709				342				1,187				6,180				7,709
Financial liabilities
Certificates of deposit			224,362				—				222,221				—				222,221
Borrowings			25,000				—				24,830				—				24,830
Subordinated notes			18,705				—				16,934				—				16,934

						Fair Value Measurements at December 31, 2023 Using:
		Carrying Amount				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents and time deposits in other financial institutions		$	207,997			$	177,169			$	30,828			$	—			$	207,997
Securities			153,203				112,508				40,695				—				153,203
Loans receivable, net of allowance for credit losses			1,050,761				—				—				997,897				997,897
FHLB and FRB stock			7,490				—				—				—				N /A
Accrued interest receivable			7,542				475				500				6,567				7,542
Financial liabilities
Certificates of deposit			222,391				—				220,222				—				220,222
Borrowings			25,000				—				24,960				—				24,960
Subordinated notes			19,678				—				17,698				.				17,698

X

- Definition

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).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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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-Topic 820
-SubTopic 10
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-Section 50
-Paragraph 2
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-Publisher FASB
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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
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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

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-Section 50
-Paragraph 11
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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/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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