Note 5 - Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

							Hierarchy
(in thousands)	Carrying			Fair			Valuation
	Amount			Value			Level
Financial assets:
Cash and cash equivalents	$	180,300		$	180,300			1
Restricted equity securities		6,285			6,285			2
Loans, net		1,057,598			982,842			3
Interest receivable		8,350			8,350			2
Financial liabilities:
Deposits		(1,644,748	)		(1,644,038	)		3
Interest payable		(200	)		(200	)		2
Off-balance-sheet liabilities:
Commitments and standby letters of credit					(1,638	)		3

							Hierarchy
(in thousands)	Carrying			Fair			Valuation
	Amount			Value			Level
Financial assets:
Cash and cash equivalents	$	216,568		$	216,568			1
Restricted equity securities		5,956			5,956			2
Loans, net		1,004,277			917,242			3
Interest receivable		8,386			8,386			2
Financial liabilities:
Deposits		(1,650,534	)		(1,649,808	)		3
Interest payable		(128	)		(128	)		2
Off-balance-sheet assets (liabilities):
Commitments and standby letters of credit					(1,863	)		3

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	Fair Value Measurements as of June 30, 2024 Using
(in thousands)	June 30, 2024		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets and liabilities measured on a recurring basis:
Available-for-sale securities:
U.S. agencies	$	102,110	$	0	$	102,110	$	0
Collateralized mortgage obligations		16,591		0		16,591		0
Municipalities		289,760		0		289,760		0
SBA pools		989		0		989		0
Corporate debt		40,067		0		40,067		0
Asset-backed securities		43,245		0		43,245		0
Equity Securities:
Mutual fund	$	3,105	$	3,105	$	0	$	0
Assets and liabilities measured on a non-recurring basis:		N/A

	Fair Value Measurements at December 31, 2023 Using
(in thousands)	December 31, 2023		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets and liabilities measured on a recurring basis:
Available-for-sale securities:
U.S. agencies	$	80,259	$	0	$	80,259	$	0
Collateralized mortgage obligations		8,664		0		8,664		0
Municipalities		328,908		0		328,908		0
SBA pools		1,395		0		1,395		0
Corporate debt		43,517		0		43,517		0
Asset backed securities		55,335		0		55,335		0
Equity Securities:
Mutual fund	$	3,132	$	3,132	$	0	$	0
Assets and liabilities measured on a non-recurring basis:		N/A