Note 8 - Fair Value (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

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

	Carrying Value:
(Dollars in thousands)
September 30, 2025	Level 1		Level 2			Level 3		Total
Recurring:
Available for sale securities
State and municipal	$	-	$	452		$	-	$	452
SBA pools		-		539			-		539
Corporate bonds		-		6,328			-		6,328
Mortgage-backed securities		-		113,819			-		113,819
	$	-	$	121,138		$	-	$	121,138
Fair value hedge:
Hedging asset	$	-	$	56		$	-	$	56
Hedging liability		-		251			-		251
Net fair value hedge	$	-	$	(195	)	$	-	$	(195	)
Equity security at fair value
Mutual fund	$	-	$	546		$	-	$	546
Nonrecurring:
Other real estate owned, net	$	-	$	-		$	2,775	$	2,775

	Carrying Value:
(dollars in thousands)
December 31, 2024	Level 1		Level 2		Level 3		Total
Recurring:
Available for sale securities
State and municipal	$	-	$	487	$	-	$	487
SBA pools		-		629		-		629
Corporate bonds		-		7,185		-		7,185
Mortgage-backed securities		-		117,412		-		117,412
	$	-	$	125,713	$	-	$	125,713
Fair value hedge:
Hedging asset	$	-	$	626	$	-	$	626
Hedging liability		-		28		-		28
Net fair value hedge	$	-	$	598	$	-	$	598
Equity securities at fair value
Mutual fund	$	-	$	518	$	-	$	518
Nonrecurring:
Other real estate owned, net	$	-	$	-	$	1,176	$	1,176
Collateral-dependent loans, net	$	-	$	-	$	2,080	$	2,080

Fair Value Measurements, Nonrecurring [Table Text Block]

September 30, 2025:
(dollars in thousands)
Assets	Fair Value		Valuation Technique	Unobservable Inputs	Range (Average)
Other real estate owned	$	2,775	Third party appraisals and in-house real estate valuations of fair value	Marketability/selling costs and current market conditions	0%	to	10%	(5%)

December 31, 2024:
(dollars in thousands)
Assets	Fair Value		Valuation Techniques	Unobservable Input	Average
Collateral-dependent loans	$	2,080	Third party appraisals and in-house real estate valuations of fair value	Marketability/selling costs and current market conditions	0%	to	20%	(10%)
Other real estate owned	$	1,176	Third party appraisals and in-house real estate valuations of fair value	Marketability/selling costs and current market conditions	0%	to	10%	(5%)

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

	September 30, 2025				December 31, 2024
(Dollars in thousands)	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value
Financial assets
Level 1 inputs
Cash and cash equivalents	$	52,187	$	52,187	$	64,659	$	64,659
Equity security		546		546		518		518
Level 2 inputs
Certificates of deposit in other banks		100		100		100		100
Accrued interest receivable		2,550		2,550		2,439		2,439
Securities available for sale		121,138		121,138		125,713		125,713
Securities held to maturity		17,036		16,159		17,156		15,589
Mortgage loans held for sale		-		-		157		157
Restricted stock, at cost		3,100		3,100		921		921
Bank owned life insurance		15,640		15,640		15,324		15,324
Fair value hedge		56		56		626		626
Level 3 inputs
Securities held to maturity		4,092		4,092		3,343		3,343
Loans, net		622,457		617,664		582,993		572,346
Financial liabilities
Level 1 inputs
Noninterest-bearing deposits	$	116,187	$	116,187	$	107,197	$	107,197
Securities sold under repurchase agreements		2,458		2,458		5,564		5,564
Level 2 inputs
Interest-bearing deposits		617,909		615,437		651,609		654,346
Federal Home Loan Bank advances		50,200		49,251		5,000		4,957
Long-term debt		12,024		11,797		11,329		11,066
Accrued interest payable		935		935		1,003		1,003
Fair value hedge		251		233		28		28