Note 11 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

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
June 30, 2024
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	65,613	$	-	$	65,613
Agency CMO		-		47,808		-		47,808
Agency notes and bonds		-		127,522		-		127,522
Treasury notes and bonds		44,791		-		-		44,791
Municipal obligations		-		128,567		-		128,567
Total securities available for sale	$	44,791	$	369,510	$	-	$	414,301
Equity securities	$	1,186	$	-	$	-		1,186
Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
1-4 Family Residential Construction	$	-	$	-	$	37	$	37
Commercial Business		-		-		1,178		1,178
Total collateral dependent loans	$	-	$	-	$	1,215	$	1,215
December 31, 2023
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	72,044	$	-	$	72,044
Agency CMO		-		25,173		-		25,173
Agency notes and bonds		-		129,505		-		129,505
Treasury notes and bonds		63,084		-		-		63,084
Municipal obligations		-		147,465		-		147,465
Total securities available for sale	$	63,084	$	374,187	$	-	$	437,271
Equity securities	$	1,260	$	-	$	-		1,260
Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
1-4 Family Residential Mortgage	$	-	$	-	$	27	$	27
1-4 Family Residential Construction		-		-		27		27
Total collateral dependent loans	$	-	$	-	$	54	$	54

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
June 30, 2024
Financial assets:
Cash and cash equivalents	$	50,571	$	50,571	$	50,571	$	-	$	-
Interest-bearing time deposits		2,940		2,932		-		2,932		-
Securities available for sale		414,301		414,301		44,791		369,510		-
Securities held to maturity		7,000		4,494		-		4,494		-
Loans held for sale		2,174		2,212		-		2,212		-
Loans, net		630,024		624,644		-		-		624,644
FHLB and other restricted stock		1,836		N/A		N/A		N/A		N/A
Accrued interest receivable		4,575		4,575		-		4,575		-
Equity securities (included in other assets)		1,186		1,186		1,186		-		-
Financial liabilities:
Deposits		1,014,246		1,012,811		-		-		1,012,811
Borrowed funds		33,625		33,519		-		33,519		-
Accrued interest payable		2,352		2,352		-		2,352		-
December 31, 2023
Financial assets:
Cash and cash equivalents	$	38,670	$	38,670	$	38,670	$	-	$	-
Interest-bearing time deposits		3,920		3,925		-		3,925		-
Securities available for sale		437,271		437,271		63,084		374,187		-
Securities held to maturity		7,000		4,446		-		4,446		-
Loans held for sale		800		811		-		811		-
Loans, net		614,409		609,243		-		-		609,243
FHLB and other restricted stock		1,836		N/A		N/A		N/A		N/A
Accrued interest receivable		4,788		4,788		-		4,788		-
Equity securities (included in other assets)		1,260		1,260		1,260		-		-
Financial liabilities:
Deposits		1,025,211		1,023,813		-		-		1,023,813
Borrowed funds		21,500		21,470		-		21,470		-
Accrued interest payable		1,209		1,209		-		1,209		-