NOTE 7 – DERIVATIVES AND HEDGING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Net Investment Hedges, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Line Item in the Statement of Financial Position in Which the Hedged Item is Included	Carrying Amount of the Hedged Assets/(Liabilities)				Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets/(Liabilities)
(in thousands)	June 30, 2022		December 31, 2021		June 30, 2022			December 31, 2021
Loans receivable(1)	$	9,955	$	9,982	$	(45	)	$	(18	)
Total	$	9,955	$	9,982	$	(45	)	$	(18	)

(1) These amounts include the amortized cost basis of closed portfolios used in designated hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship. At June 30, 2022, the amortized cost basis of the closed portfolios used in these hedging relationships was $35.6 million; the cumulative basis adjustment associated with these hedging relationships was $45 thousand; and the amount of the designated hedged item was $10.0 million.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	As of June 30, 2022					As of December 31, 2021
(in thousands)	Notional Amount		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedge instruments
Interest Rate Products	$	10,000	Other assets	$	49	Other Assets	$	18
Total Derivatives designated as hedge instruments				$	49		$	18

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

		Three months ended June 30, 2022				Six months ended June 30, 2022
(in thousands)		Interest Income		Interest Expense		Interest Income			Interest Expense
Total amounts of interest income and expense line items presented in the income statement in which the effects of fair value or cash flow hedges are recorded	$	18	$	—	$	19		$	—
Gain or (loss) on fair value hedging relationships in Subtopic 815-20
Interest contracts
Hedged items		2		—		(27	)		—
Derivatives designated as hedging instruments	$	16	$	—	$	46		$	—

		Three months ended June 30, 2021					Six months ended June 30, 2021
(in thousands)		Interest Income			Interest Expense		Interest Income			Interest Expense
Total amounts of interest income and expense line items presented in the income statement in which the effects of fair value or cash flow hedges are recorded	$	—		$	—	$	1		$	—
Gain or (loss) on fair value hedging relationships in Subtopic 815-20
Interest contracts
Hedged items		(2	)		—		(4	)		—
Derivatives designated as hedging instruments	$	2		$	—	$	5		$	—