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Note 17 - Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

		(Dollars in thousands)
		Collateralized debt obligations
		other-than-temporary impairment
Ending balance, December 31, 2021		$	173
Additions not previously recognized			-
Ending balance, December 31, 2022		$	173

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

						(Dollars in thousands)
						Fair Value Measurements at December 31, 2022 Using
(Dollars in thousands)		Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Interest rate swap contracts		$	8,972			$	-			$	8,972			$	-
Interest rate lock commitments			38				-				38				-
Available-for-sale debt securities:
U.S. government sponsored entities			7,625				-				7,625				-
U.S. treasury securities			389				-				389				-
Collateralized mortgage obligations and residential mortgage-backed securities			134,116				-				134,116				-
Municipal securities			227,718				-				227,718				-
Collateralized debt obligations			1,048				-				-				1,048
Total securities available-for-sale		$	370,896			$	-			$	369,848			$	1,048
Liabilities:
Interest rate swap contracts		$	8,972			$	-			$	8,972			$	-

						(Dollars in thousands)
						Fair Value Measurements at December 31, 2021 Using
(Dollars in thousands)		Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Interest rate swap contracts		$	2,686			$	-			$	2,686			$	-
Interest rate lock commitments			141				-				141				-
Available-for-sale debt securities:
U.S. government sponsored entities			8,669				-				8,669				-
U.S. treasury securities			400				-				400				-
Collateralized mortgage obligations and residential mortgage-backed securities			184,701				-				184,701				-
Municipal securities			332,127				-				332,127				-
Collateralized debt obligations			992				-				-				992
Total securities available-for-sale		$	526,889			$	-			$	525,897			$	992
Liabilities:
Interest rate swap contracts		$	2,686			$	-			$	2,686			$	-

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		(Dollars in thousands)
		Estimated Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
		Available-for- sale securities
Beginning balance, January 1, 2021		$	929
Principal payments			(9	)
Total unrealized gains, included in other comprehensive income			72
Ending balance, December 31, 2021		$	992
Beginning balance, January 1, 2022		$	992
Principal payments			-
Total unrealized gains, included in other comprehensive loss			56
Ending balance, December 31, 2022		$	1,048

Fair Value Measurements, Nonrecurring [Table Text Block]

						(Dollars in thousands)
						Fair Value Measurements at December 31, 2022 Using
(Dollars in thousands)		Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans		$	2,620			$	-			$	-			$	2,620

						(Dollars in thousands)
						Fair Value Measurements at December 31, 2021 Using
(Dollars in thousands)		Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans		$	896			$	-			$	-			$	896

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

		December 31, 2022								Estimated Fair Value Measurements at December 31, 2022 Using
(Dollars in thousands)		Carrying Value				Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents		$	31,282			$	31,282			$	31,282			$	-			$	-
Certificates of deposit in other financial institutions			2,456				2,404				-				2,404				-
Loans held-for-sale			1,543				1,555				-				1,555				-
Loans receivable, net			1,500,734				1,437,496				-				-				1,437,496
Federal Home Loan Bank stock			6,547				6,547				-				6,547				-
Accrued interest receivable			7,421				7,421				-				7,421				-
Financial liabilities:
Non-interest bearing deposits			359,092				359,092				359,092				-				-
Interest bearing deposits			1,415,925				1,414,738				1,052,807				361,931				-
Repurchase agreements			15,503				15,361				7,975				7,386				-
Borrowed funds			120,000				119,689				-				119,689				-
Accrued interest payable			336				336				-				336				-

		December 31, 2021								Estimated Fair Value Measurements at December 31, 2021 Using
(Dollars in thousands)		Carrying Value				Estimated Fair Value				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents		$	33,176			$	33,176			$	33,176			$	-			$	-
Certificates of deposit in other financial institutions			1,709				1,737				-				1,737				-
Loans held-for-sale			4,987				5,065				-				5,065				-
Loans receivable, net			953,377				951,744				-				-				951,744
Federal Home Loan Bank stock			3,247				3,247				-				3,247				-
Accrued interest receivable			5,444				5,444				-				5,444				-
Financial liabilities:
Non-interest bearing deposits			295,294				295,294				295,294				-				-
Interest bearing deposits			1,138,907				1,139,126				899,690				239,436				-
Repurchase agreements			14,581				14,579				12,842				1,737				-
Accrued interest payable			22				22				-				22				-

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