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Note 7 - Fair Value (Tables)

6 Months Ended

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

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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-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)
-Publisher FASB
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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

Reference 1: 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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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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