Note 10 - Borrowings	3 Months Ended
Mar. 31, 2025
Notes to Financial Statements
Federal Home Loan Bank Advances, Disclosure [Text Block]	NOTE 10 - BORROWINGS The Company had no outstanding borrowings under the FRB discount window at March 31, 2025 compared to $50.0 million in outstanding borrowings under the Federal Reserve Bank Term Funding Program (“BTFP”) with a weighted average borrowing rate of 4.76% at December 31, 2024. During 2023, the Company elected to participate in the BTFP to refinance existing FRB discount window borrowings at a lower fixed rate. Advances under the program had a one-year term and were priced at the one-year overnight index swap (“OIS”) rate plus 10 basis points on the day the advance was made. Effective January 24, 2024, the FRB announced that future advances through the BTFP’s expiration on March 11, 2024, would be set at no lower than the interest rate on reserve balances in effect at the time of the advance. Depository institutions may borrow from the FRB discount window for periods as long as 90 days, and borrowings are prepayable and renewable by the borrower daily. At March 31, 2025, we had pledged as collateral for these borrowings investment securities with an amortized cost and fair value of $362.8 million and $337.3 million, compared to an amortized cost and fair value of $370.2 million and $341.0 million at December 31, 2024, respectively. During 2023, the Company entered the FRB’s Borrower-In-Custody ("BIC") program, which allows for the pledging of various loan types to secure FRB borrowings. As of March 31, 2025, the Company had pledged loan collateral for FRB borrowings with an amortized cost and collateral value of $77.6 million and $61.2 million at March 31, 2025, and $93.5 million and $65.5 million at December 31, 2024, respectively. Borrowing capacity provided by pledged loan collateral is included in the FRB discount window availability. The Company had $24.2 million and $27.8 million in other borrowings at March 31, 2025 and December 31, 2024, respectively. These borrowings consist of short-term repurchase agreements with certain commercial demand deposit customers for sweep accounts. The repurchase agreements typically mature within one to three days and the interest rate paid on these borrowings floats monthly with money market type rates. The interest rate paid on the repurchase agreements was 1.49% at both March 31, 2025 and December 31, 2024. Collateral pledged by the Company for these repurchase agreements consisted of investments with a combined amortized cost and fair value of $44.2 million and $42.0 million at March 31, 2025, and $42.1 million and $39.7 million at December 31, 2024, respectively. There were no outstanding FHLB advances at March 31, 2025 and December 31, 2024. FHLB advances are secured by a blanket collateral agreement with the FHLB by pledging the Company’s portfolio of residential first mortgage loans and investment securities. The Company's total pledged collateral for FHLB advances had an amortized cost and fair value of $46.4 million and $37.8 million at March 31, 2025, and $39.3 million and $48.1 million at December 31, 2024, respectively.

Note 10 - Borrowings

3 Months Ended

Mar. 31, 2025

Federal Home Loan Bank Advances, Disclosure [Text Block]

NOTE 10 - BORROWINGS

The Company had no outstanding borrowings under the FRB discount window at March 31, 2025 compared to $50.0 million in outstanding borrowings under the Federal Reserve Bank Term Funding Program (“BTFP”) with a weighted average borrowing rate of 4.76% at December 31, 2024. During 2023, the Company elected to participate in the BTFP to refinance existing FRB discount window borrowings at a lower fixed rate. Advances under the program had a one-year term and were priced at the one-year overnight index swap (“OIS”) rate plus 10 basis points on the day the advance was made. Effective January 24, 2024, the FRB announced that future advances through the BTFP’s expiration on March 11, 2024, would be set at no lower than the interest rate on reserve balances in effect at the time of the advance.

Depository institutions may borrow from the FRB discount window for periods as long as 90 days, and borrowings are prepayable and renewable by the borrower daily. At March 31, 2025, we had pledged as collateral for these borrowings investment securities with an amortized cost and fair value of $362.8 million and $337.3 million, compared to an amortized cost and fair value of $370.2 million and $341.0 million at December 31, 2024, respectively.

During 2023, the Company entered the FRB’s Borrower-In-Custody ("BIC") program, which allows for the pledging of various loan types to secure FRB borrowings. As of March 31, 2025, the Company had pledged loan collateral for FRB borrowings with an amortized cost and collateral value of $77.6 million and $61.2 million at March 31, 2025, and $93.5 million and $65.5 million at December 31, 2024, respectively. Borrowing capacity provided by pledged loan collateral is included in the FRB discount window availability.

The Company had $24.2 million and $27.8 million in other borrowings at March 31, 2025 and December 31, 2024, respectively. These borrowings consist of short-term repurchase agreements with certain commercial demand deposit customers for sweep accounts. The repurchase agreements typically mature within one to three days and the interest rate paid on these borrowings floats monthly with money market type rates. The interest rate paid on the repurchase agreements was 1.49% at both March 31, 2025 and December 31, 2024. Collateral pledged by the Company for these repurchase agreements consisted of investments with a combined amortized cost and fair value of $44.2 million and $42.0 million at March 31, 2025, and $42.1 million and $39.7 million at December 31, 2024, respectively.

There were no outstanding FHLB advances at March 31, 2025 and December 31, 2024. FHLB advances are secured by a blanket collateral agreement with the FHLB by pledging the Company’s portfolio of residential first mortgage loans and investment securities. The Company's total pledged collateral for FHLB advances had an amortized cost and fair value of $46.4 million and $37.8 million at March 31, 2025, and $39.3 million and $48.1 million at December 31, 2024, respectively.