NOTE 2 - SECURITIES (Tables)

6 Months Ended

Jun. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Marketable Securities [Table Text Block]

(in thousands)		Amortized cost basis		Gross un-realized gains		Gross un-realized losses		Fair value
June 30, 2022
Available-for-sale
U.S. Treasury	$	19,250	$	—	$	1,578	$	17,672
U.S. Government Agency notes		31,301		128		1,711		29,718
Municipal bonds		55,339		2		7,074		48,267
Mortgage-backed securities:
U.S. Government agencies and U.S. Government - sponsored enterprises		77,339		52		5,924		71,467
Collateralized mortgage obligations:
U.S. Government agencies		24,531		—		1,979		22,552
Corporate bonds		13,750		10		326		13,434
Total securities available-for-sale	$	221,510	$	192	$	18,592	$	203,110
Mutual fund							$	1,672
Non-marketable securities
Federal Home Loan Bank of Boston stock	$	945	$	—	$	—	$	945

(in thousands)		Amortized cost basis		Gross un-realized gains		Gross un-realized losses		Fair value
December 31, 2021
Available-for-sale
U.S. Treasury	$	15,301	$	12	$	182	$	15,131
U.S. Government Agency notes		31,623		237		256		31,604
Municipal bonds		46,469		1,557		204		47,822
Mortgage-backed securities:
U.S. Government agencies and U.S. Government- sponsored enterprises		74,703		643		805		74,541
Collateralized mortgage obligations:
U.S. Government agencies		20,948		135		185		20,898
Corporate bonds		12,250		158		8		12,400
Total securities available-for-sale	$	201,294	$	2,742	$	1,640	$	202,396
Mutual fund							$	901
Non-marketable securities
Federal Home Loan Bank of Boston stock	$	1,397	$	—	$	—	$	1,397

Schedule of Unrealized Loss on Investments [Table Text Block]

	Less than 12 Months				12 Months or Longer				Total
June 30, 2022 (in thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Available-for-sale
U.S. Treasury	$	17,672	$	1,578	$	—	$	—	$	17,672	$	1,578
U.S. Government Agency notes		14,998		1,367		9,267		344		24,265		1,711
Municipal bonds		45,603		6,717		1,518		357		47,121		7,074
Mortgage- backed securities:
U.S. Government agencies and U.S. Government- sponsored enterprises		50,249		4,679		14,709		1,245		64,958		5,924
Collateralized mortgage obligations:
U.S. Government agencies		22,552		1,979		—		—		22,552		1,979
Corporate bonds		7,424		326		—		—		7,424		326
Total temporarily impaired securities	$	158,498	$	16,646	$	25,494	$	1,946	$	183,992	$	18,592

	Less than 12 Months				12 Months or Longer				Total
December 31, 2021 (in thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Available-for-sale
U.S. Treasury	$	12,155	$	182	$	—	$	—	$	12,155	$	182
U.S. Government Agency notes		22,137		235		2,019		21		24,156		256
Municipal bonds		12,496		204		552		—		13,048		204
Mortgage-backed securities:
U.S. Government agencies and U.S. Government- sponsored enterprises		52,619		740		3,195		65		55,814		805
Collateralized mortgage obligations		11,554		185		—		—		11,554		185
Corporate bonds		1,742		8		—		—		1,742		8
Total temporarily impaired securities	$	112,703	$	1,554	$	5,766	$	86	$	118,469	$	1,640

Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]

June 30, 2022 (in thousands)	Maturity	Amortized cost			Fair value	Yield(1)
U.S. Treasury	After 1 year but within 5 years	$	7,859	$	7,444	1.32	%
	After 5 year but within 10 years		11,391		10,228	1.18
	Total		19,250		17,672	1.24
U.S. Government Agency notes	After 1 year but within 5 years		3,990		3,666	0.92
	After 5 year but within 10 years		11,923		10,721	1.34
	Total		15,913		14,387	1.23
Municipal bonds	After 1 year but within 5 years		512		478	1.74
	After 5 year but within 10 years		12,792		11,179	2.38
	After 10 years but within 15 years		12,971		11,282	2.36
	After 15 years		29,064		25,328	2.84
	Total		55,339		48,267	2.61
Mortgage-backed securities and Collateralized mortgage obligations	Securities not due at a single maturity date		117,258		109,350	2.00
	Total		117,258		109,350	2.00
Corporate bonds	After 5 years but within 10 years		13,750		13,434	4.35
	Total		13,750		13,434	4.35
Securities available-for-sale		$	221,510	$	203,110	2.27	%

⁽¹⁾ Yield is based on amortized cost.