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Note 11 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2026

Notes Tables

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

		March 31, 2026
		Quoted Prices in Active Markets for Identical Assets or Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
(dollars in thousands)		(Level 1)				(Level 2)				(Level 3)				Total
Financial Assets
Securities available-for-sale
Municipal bonds		$	11,884			$	67,681			$	—			$	79,565
ABS agency			—				11,632				—				11,632
ABS corporate			—				7,676				—				7,676
Corporate debt			1,965				35,427				—				37,392
SBA			—				5,820				—				5,820
MBS agency			—				97,968				—				97,968
MBS non-agency			—				26,349				6,583				32,932
Sold loan servicing rights			—				—				2,999				2,999
Total assets measured at fair value		$	13,849			$	252,553			$	9,582			$	275,984
Financial Liabilities
Interest rate swap derivative		$	—			$	871			$	—			$	871

		December 31, 2025
		Quoted Prices in Active Markets for Identical Assets or Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
(dollars in thousands)		(Level 1)				(Level 2)				(Level 3)				Total
Financial Assets
Securities available-for-sale
Municipal bonds		$	11,908			$	68,344			$	—			$	80,252
ABS agency			—				11,943				—				11,943
ABS corporate			—				7,961				—				7,961
Corporate debt			1,977				36,824				—				38,801
SBA			—				6,293				—				6,293
MBS agency			—				91,656				—				91,656
MBS non-agency			—				26,805				6,599				33,404
Sold loan servicing rights			—				—				3,014				3,014
Total assets measured at fair value		$	13,885			$	249,826			$	9,613			$	273,324
Financial Liabilities
Interest rate swap derivative		$	—			$	1,703			$	—			$	1,703

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

March 31, 2026		Fair Value (dollars in thousands)			Valuation Technique		Unobservable Input (1)		Range (Weighted Average)
Sold loan servicing rights		$	2,999		Discounted cash flow		Constant prepayment rate			3.42% - 30.45% (5.42%)
							Discount rate			10.63% - 14.38% (11.25%)
MBS non-agency		$	6,583		Consensus pricing		Offered quotes			98.3 - 100.2
(1) Unobservable inputs were weighted by the relative fair value of the instruments.

December 31, 2025		Fair Value (dollars in thousands)			Valuation Technique		Unobservable Input (1)		Range (Weighted Average)
Sold loan servicing rights		$	3,014		Discounted cash flow		Constant prepayment rate			4.31% - 31.02% (5.88%)
							Discount rate			10.38% - 12.52% (10.99%)
MBS non-agency		$	6,599		Consensus pricing		Offered quotes			99.0 - 100.4
(1) Unobservable inputs were weighted by the relative fair value of the instruments.

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

		As of or For the Three Months Ended March 31,
(dollars in thousands)		2026				2025
Sold loan servicing rights:
Balance at beginning of period		$	3,014			$	3,281
Servicing rights that result from transfers and sale of financial assets			3				11
Changes in fair value due to changes in model inputs or assumptions (1)			(18	)			9
Balance at end of period		$	2,999			$	3,301
(1) Represents changes due to collection/realization of expected cash flows and curtailments.

		As of or For the Three Months Ended March 31,
(dollars in thousands)		2026				2025
Securities available for sale:
MBS non-agency
Balance at beginning of period		$	6,599			$	31,881
Principal payments and maturities			—				(13,424	)
Unrealized (Losses) Gains			(16	)			86
Balance at end of period		$	6,583			$	18,543

Fair Value Measurements, Nonrecurring [Table Text Block]

		March 31, 2026
(dollars in thousands)		Level 1				Level 2				Level 3				Total
Individually evaluated collateral-dependent loans		$	—			$	—			$	37,479			$	37,479
Other real estate owned			—				—				1,380				1,380

		December 31, 2025
(dollars in thousands)		Level 1				Level 2				Level 3				Total
Individually evaluated collateral-dependent loans		$	—			$	—			$	25,582			$	25,582
Other real estate owned			—				—				1,380				1,380

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

		March 31, 2026
										Fair Value Measurements Using:
(dollars in thousands)		Carrying Amount				Estimated Fair Value				Level 1				Level 2				Level 3
Financial assets
Cash and cash equivalents		$	104,136			$	104,136			$	104,136			$	—			$	—
Investment securities available for sale			272,985				272,985				13,849				252,553				6,583
Loans held for sale			1,140				1,140				—				1,140				—
Loans receivable, net			1,612,979				1,512,743				—				—				1,512,743
FHLB stock			13,927				13,927				—				13,927				—
Accrued interest receivable			7,051				7,051				—				7,051				—
Sold loan servicing rights, at fair value			2,999				2,999				—				—				2,999
Financial liabilities
Demand deposits		$	1,092,352			$	1,092,352			$	1,092,352			$	—			$	—
Time deposits			509,230				508,757				—				—				508,757
FHLB Borrowings			280,000				279,950				—				—				279,950
Line of Credit			13,500				13,592				—				—				13,592
Subordinated debt, net			34,660				35,882				—				—				35,882
Accrued interest payable			280				280				—				280				—
Interest rate swap derivative			871				871				—				871				—

		December 31, 2025
										Fair Value Measurements Using:
(dollars in thousands)		Carrying Amount				Estimated Fair Value				Level 1				Level 2				Level 3
Financial assets
Cash and cash equivalents		$	85,117			$	85,117			$	85,117			$	—			$	—
Investment securities available for sale			270,310				270,310				13,885				249,826				6,599
Loans held for sale			1,063				1,063				—				1,063				—
Loans receivable, net			1,612,028				1,504,219				—				—				1,504,219
FHLB stock			13,105				13,105				—				13,105				—
Accrued interest receivable			6,498				6,498				—				6,498				—
Sold loan servicing rights, at fair value			3,014				3,014				—				—				3,014
Financial liabilities
Demand deposits			1,079,327			$	1,079,327			$	1,079,327			$	—			$	—
Time deposits			519,774				520,033				—				—				520,033
FHLB Borrowings			260,000				260,510				—				—				260,510
Line of Credit			13,500				13,589				—				—				13,589
Subordinated debt, net			34,643				35,973				—				—				35,973
Accrued interest payable			1,223				1,223				—				1,223				—
Interest rate swap derivative			1,703				1,703				—				1,703				—

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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