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Note 17 - Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | (Dollars in thousands) |
|  |  |  |  |  | Fair Value Measurements at December 31, 2023 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 |  | $ | 5,591 |  |  | $ | - |  |  | $ | 5,591 |  |  | $ | - |
Interest rate lock commitments |  |  | 35 |  |  |  | - |  |  |  | 35 |  |  |  | - |
Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government sponsored entities |  |  | 7,883 |  |  |  | - |  |  |  | 7,883 |  |  |  | - |
Collateralized mortgage obligations and residential mortgage-backed securities |  |  | 123,464 |  |  |  | - |  |  |  | 123,464 |  |  |  | - |
Municipal securities |  |  | 238,670 |  |  |  | - |  |  |  | 238,670 |  |  |  | - |
Collateralized debt obligations |  |  | 1,357 |  |  |  | - |  |  |  | - |  |  |  | 1,357 |
Total securities available-for-sale |  | $ | 371,374 |  |  | $ | - |  |  | $ | 370,017 |  |  | $ | 1,357 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swap contracts |  | $ | 5,591 |  |  | $ | - |  |  | $ | 5,591 |  |  | $ | - |
|  |  |  |  |  | (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 |  |  | $ | - |
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, 2022 |  | $ | 992 |
Principal payments |  |  | - |
Total unrealized gains, included in other comprehensive income |  |  | 56 |
Ending balance, December 31, 2022 |  | $ | 1,048 |
Beginning balance, January 1, 2023 |  | $ | 1,048 |
Principal payments |  |  | (3 | )
Total unrealized gains, included in other comprehensive loss |  |  | 312 |
Ending balance, December 31, 2023 |  | $ | 1,357 |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  |  |  |  | (Dollars in thousands) |
|  |  |  |  |  | Fair Value Measurements at December 31, 2023 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) |
Collateral dependent loans |  | $ | 8,673 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,673 |
|  |  |  |  |  | (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 |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | December 31, 2023 |  |  | Estimated Fair Value Measurements at December 31, 2023 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 |  | $ | 86,008 |  |  | $ | 86,008 |  |  | $ | 86,008 |  |  | $ | - |  |  | $ | - |
Loans held-for-sale |  |  | 340 |  |  |  | 349 |  |  |  | - |  |  |  | 349 |  |  |  | - |
Loans receivable, net |  |  | 1,493,827 |  |  |  | 1,412,069 |  |  |  | - |  |  |  | - |  |  |  | 1,412,069 |
Federal Home Loan Bank stock |  |  | 6,547 |  |  |  | 6,547 |  |  |  | - |  |  |  | 6,547 |  |  |  | - |
Accrued interest receivable |  |  | 8,045 |  |  |  | 8,045 |  |  |  | - |  |  |  | 8,045 |  |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-interest bearing deposits |  |  | 295,594 |  |  |  | 295,594 |  |  |  | 295,594 |  |  |  | - |  |  |  | - |
Interest bearing deposits |  |  | 1,517,827 |  |  |  | 1,513,640 |  |  |  | 985,710 |  |  |  | 527,930 |  |  |  | - |
Repurchase agreements |  |  | 38,124 |  |  |  | 37,938 |  |  |  | 31,033 |  |  |  | 6,905 |  |  |  | - |
Borrowed funds |  |  | 80,000 |  |  |  | 79,791 |  |  |  | - |  |  |  | 79,791 |  |  |  | - |
Accrued interest payable |  |  | 3,065 |  |  |  | 3,065 |  |  |  | - |  |  |  | 3,065 |  |  |  | - |
|  | 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 |  |  |  | - |
Interest rate swap agreements |  |  | 8,972 |  |  |  | 8,972 |  |  |  | - |  |  |  | 8,972 |  |  |  | - |
Accrued interest payable |  |  | 336 |  |  |  | 336 |  |  |  | - |  |  |  | 336 |  |  |  | - |
Trust Preferred Securities Debt [Member] |
Notes Tables |
Debt Securities, Available-for-Sale, Allowance for Credit Loss [Table Text Block] |
|  | (Dollars in thousands) |
|  | Allowance for |
|  | collateralized debt credit losses |
Ending balance, December 31, 2022 |  | $ | 173 |
Additions not previously recognized |  |  | - |
Ending balance, December 31, 2023 |  | $ | 173 |

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