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Note 7 - Fair Value (Tables) | 6 Months Ended
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Jun. 30, 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 |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | — |  |  | $ | 925 |  |  | $ | — |  |  | $ | 925 |
U.S. Treasury Notes |  |  | 75,059 |  |  |  | — |  |  |  | — |  |  |  | 75,059 |
U.S. government-sponsored agencies |  |  | — |  |  |  | 142,816 |  |  |  | — |  |  |  | 142,816 |
Mortgage-backed securities – residential |  |  | — |  |  |  | 3,184 |  |  |  | — |  |  |  | 3,184 |
Collateralized mortgage obligations – residential |  |  | — |  |  |  | 922 |  |  |  | — |  |  |  | 922 |
|  | $ | 75,059 |  |  | $ | 147,847 |  |  | $ | — |  |  | $ | 222,906 |
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 |
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) |
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 June 30, 2024 Using: |  |  |  |  |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents and time deposits in other financial institutions |  | $ | 186,691 |  |  | $ | 132,385 |  |  | $ | 54,306 |  |  | $ | — |  |  | $ | 186,691 |
Securities |  |  | 222,906 |  |  |  | 75,059 |  |  |  | 147,847 |  |  |  | — |  |  |  | 222,906 |
Loans receivable, net of allowance for credit losses |  |  | 987,745 |  |  |  | — |  |  |  | — |  |  |  | 941,656 |  |  |  | 941,656 |
FHLB and FRB stock |  |  | 7,490 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | N /A |
Accrued interest receivable |  |  | 9,343 |  |  |  | 304 |  |  |  | 2,549 |  |  |  | 6,490 |  |  |  | 9,343 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 223,494 |  |  |  | — |  |  |  | 221,386 |  |  |  | — |  |  |  | 221,386 |
Borrowings |  |  | 25,000 |  |  |  | — |  |  |  | 24,812 |  |  |  | — |  |  |  | 24,812 |
Subordinated notes |  |  | 18,715 |  |  |  | — |  |  |  | 16,910 |  |  |  | — |  |  |  | 16,910 |
|  |  |  |  |  | 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 |

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- 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 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 + Details
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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/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 + Details
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