Note 8 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

	Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total
March 31, 2022
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	99,409	$	-	$	99,409
Agency CMO		-		6,283		-		6,283
Agency notes and bonds		-		134,932		-		134,932
Treasury notes and bonds		-		48,766		-		48,766
Municipal obligations		-		148,778		-		148,778
Total securities available for sale	$	-	$	438,168	$	-	$	438,168
Equity securities	$	1,944	$	-	$	-		1,944
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	27	$	27
Home equity and second mortgage		-		-		282		282
Total impaired loans	$	-	$	-	$	309	$	309
December 31, 2021
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	102,736	$	-	$	102,736
Agency CMO		-		7,961		-		7,961
Agency notes and bonds		-		129,096		-		129,096
Treasury notes and bonds		-		49,794		-		49,794
Municipal obligations		-		157,748		-		157,748
Total securities available for sale	$	-	$	447,335	$	-	$	447,335
Equity securities	$	1,881	$	-	$	-		1,881
Assets Measured on a Nonrecurring Basis
Impaired loans:
Home equity and second mortgage	$	-	$	-	$	281	$	281
Total impaired loans	$	-	$	-	$	281	$	281
Foreclosed real estate:
Residential real estate	$	-	$	-	$	36	$	36
Total foreclosed real estate	$	-	$	-	$	36	$	36

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

	Carrying		Fair		Fair Value Measurements Using
(In thousands)	Value		Value		Level 1		Level 2		Level 3
March 31, 2022:
Financial assets:
Cash and cash equivalents	$	167,690	$	167,690	$	167,690	$	-	$	-
Interest-bearing time deposits		4,588		4,615		-		4,615		-
Securities available for sale		438,168		438,168		-		438,168		-
Securities held to maturity		7,000		6,633		-		6,633		-
Loans held for sale		2,044		2,081		-		2,081		-
Loans, net		505,950		499,994		-		-		499,994
FHLB and other restricted stock		1,836		N/A		N/A		N/A		N/A
Accrued interest receivable		3,449		3,449		-		3,449		-
Equity securities (included in other assets)		1,944		1,944		1,944		-		-
Financial liabilities:
Deposits		1,072,079		1,071,035		-		-		1,071,035
Accrued interest payable		75		75		-		75		-
December 31, 2021:
Financial assets:
Cash and cash equivalents	$	172,509	$	172,509	$	172,509	$	-	$	-
Interest-bearing time deposits		4,839		4,965		-		4,965		-
Securities available for sale		447,335		447,335		-		447,335		-
Securities held to maturity		2,000		2,004		-		2,004		-
Loans held for sale		2,413		2,459		-		2,459		-
Loans, net		483,287		481,961		-		-		481,961
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		3,430		3,430		-		3,430		-
Equity securities (included in other assets)		1,881		1,881		1,881		-		-
Financial liabilities:
Deposits		1,035,562		1,035,406		-		-		1,035,406
Accrued interest payable		97		97		-		97		-