NOTE 2 - SECURITIES (Tables)

9 Months Ended

Sep. 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
September 30, 2022
Available-for-sale
U.S. Treasury	$	19,266	$	—	$	2,289	$	16,977
U.S. Government Agency notes		30,552		114		2,742		27,924
Municipal bonds		55,260		—		10,650		44,610
Mortgage-backed securities:
U.S. Government agencies and U.S. Government- sponsored enterprises		72,163		30		8,713		63,480
Collateralized mortgage obligations:
U.S. Government agencies		25,925		—		3,334		22,591
Corporate bonds		14,250		—		671		13,579
Total securities available-for-sale	$	217,416	$	144	$	28,399	$	189,161
Mutual fund							$	1,882
Non-marketable securities
Federal Home Loan Bank of Boston stock	$	1,487	$	—	$	—	$	1,487

(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
September 30, 2022 (in thousands)	Fair value		Unrealized losses		Fair value		Unrealized losses		Fair value		Unrealized losses
Available-for-sale
U.S. Treasury	$	8,091	$	763	$	8,886	$	1,526	$	16,977	$	2,289
U.S. Government Agency notes		4,804		589		15,151		2,153		19,955		2,742
Municipal bonds		37,026		8,290		7,584		2,360		44,610		10,650
Mortgage- backed securities:
U.S. Government agencies and U.S. Government - sponsored enterprises		28,503		3,960		29,335		4,753		57,838		8,713
Collateralized mortgage obligations		21,173		3,056		1,418		278		22,591		3,334
Corporate bonds		8,579		671		—		—		8,579		671
Total temporarily impaired securities	$	108,176	$	17,329	$	62,374	$	11,070	$	170,550	$	28,399

	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]

September 30, 2022 (in thousands)	Maturity	Amortized cost			Fair value	Yield(1)
U.S. Treasury	After 1 year but within 5 years	$	7,871	$	7,239	1.32	%
	After 5 year but within 10 years		11,395		9,738	1.18
	Total		19,266		16,977	1.24
U.S. Government Agency notes	After 1 year but within 5 years		4,979		4,319	0.97
	After 5 year but within 10 years		10,938		9,189	1.35
	Total		15,917		13,508	1.23
Municipal bonds	After 1 year but within 5 years		511		459	1.74
	After 5 year but within 10 years		15,282		12,445	2.31
	After 10 years but within 15 years		12,842		10,382	2.53
	After 15 years		26,625		21,324	2.84
	Total		55,260		44,610	2.61
Mortgage-backed securities and Collateralized mortgage obligations	Securities not due at a single maturity date		112,723		100,487	2.29
	Total		112,723		100,487	2.29
Corporate bonds	After 5 years but within 10 years		13,250		12,596	4.32
	After 10 years but within 15 years		1,000		983	6.25
	Total		14,250		13,579	4.46
Securities available-for-sale		$	217,416	$	189,161	2.45	%

⁽¹⁾ Yield is based on amortized cost.