NOTE 7 – DERIVATIVES AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 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		Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
(in thousands)	December 31, 2021		December 31, 2021
Loans receivable(1)	$	9,982	$	(18	)
Total	$	9,982	$	(18	)

⁽¹⁾ These amounts include the amortized cost basis of closed portfolios used to designate hedging relationships in which the hedged item is the last layer expected to be remaining at the end of the hedging relationship.

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

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

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

		Three months ended September 30, 2022				Nine months ended September 30, 2022
(in thousands)		Interest Income		Interest Expense		Interest Income		Interest Expense
Total amounts of income and expense line items presented in the statement of financial performance in which the effects of fair value or cash flow hedges are recorded	$	45	$	—	$	64	$	—
Gain or (loss) on fair value hedging relationships in Subtopic 815-20
Interest contracts
Hedged items		45		—		18		—
Derivatives designated as hedging instruments	$	—	$	—	$	46	$	—

		Three months ended September 30, 2021					Nine months ended September 30, 2021
(in thousands)		Interest Income			Interest Expense		Interest Income			Interest Expense
Total amounts of income and expense line items presented in the statement of financial performance 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		4			—		3			—
Derivatives designated as hedging instruments	$	(3	)	$	—	$	(3	)	$	—