XML 53 R40.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 14 - Fair Value (Tables) | 12 Months Ended
--- | ---
Dec. 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 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | — |  |  | $ | 706 |  |  | $ | — |  |  | $ | 706 |
U.S. Treasury Bills and Notes |  |  | 246,290 |  |  |  | — |  |  |  | — |  |  |  | 246,290 |
U.S. government-sponsored agencies |  |  | — |  |  |  | 109,773 |  |  |  | — |  |  |  | 109,773 |
Mortgage-backed securities - residential |  |  | — |  |  |  | 2,911 |  |  |  | — |  |  |  | 2,911 |
Collateralized mortgage obligations - residential |  |  | — |  |  |  | 850 |  |  |  | — |  |  |  | 850 |
|  | $ | 246,290 |  |  | $ | 114,240 |  |  | $ | — |  |  | $ | 360,530 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Municipal securities |  | $ | — |  |  | $ | 934 |  |  | $ | — |  |  | $ | 934 |
U.S. Treasury Bills and 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 |  | Unobservable Input |  | 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 December 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 |  | $ | 118,985 |  |  | $ | 84,399 |  |  | $ | 34,586 |  |  | $ | — |  |  | $ | 118,985 |
Securities |  |  | 360,530 |  |  |  | 246,290 |  |  |  | 114,240 |  |  |  | — |  |  |  | 360,530 |
Loans receivable, net of allowance for credit losses |  |  | 887,586 |  |  |  | — |  |  |  | — |  |  |  | 845,303 |  |  |  | 845,303 |
FHLB and FRB stock |  |  | 7,490 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | N/A |
Accrued interest receivable |  |  | 6,401 |  |  |  | 158 |  |  |  | 1,452 |  |  |  | 4,791 |  |  |  | 6,401 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Certificates of deposit |  |  | 234,979 |  |  |  | — |  |  |  | 233,639 |  |  |  | — |  |  |  | 233,639 |
Borrowings |  |  | 20,000 |  |  |  | — |  |  |  | 19,990 |  |  |  | — |  |  |  | 19,990 |
Subordinated Notes |  |  | 18,736 |  |  |  | — |  |  |  | 17,571 |  |  |  | — |  |  |  | 17,571 |
|  |  |  |  |  | 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 |  |  | 20,000 |  |  |  | — |  |  |  | 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 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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/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
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