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Note 7 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]

(Dollar amounts in thousands)

     

(Level 1)

 

(Level 2)

 

(Level 3)

Description

 

Total

 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs

June 30, 2022:

                

Securities available-for-sale

                

U.S. government sponsored entities and agencies

 $5,192  $  $5,192  $ 

U.S. agency mortgage-backed securities: residential

  9,853      9,853    

U.S. agency collateralized mortgage obligations: residential

  39,650      39,650    

State and political subdivision

  71,841      71,841    

Corporate debt securities

  24,603      20,018   4,585 

Total available-for-sale securities

 $151,139  $  $146,554  $4,585 
                 

Equity securities

 $3  $3  $  $ 
                 

December 31, 2021:

                

Securities available-for-sale

                

U.S. government sponsored entities and agencies

 $8,159  $  $8,159  $ 

U.S. agency mortgage-backed securities: residential

  12,035      12,035    

U.S. agency collateralized mortgage obligations: residential

  49,490      49,490    

State and political subdivisions

  92,562      92,562    

Corporate debt securities

  24,024      20,439   3,585 

Total available-for-sale securities

 $186,270  $  $182,685  $3,585 
                 

Equity securities

 $5  $5  $  $ 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

(Dollar amounts in thousands)

 Three months ended June 30, Six months ended June 30,
  

2022

 

2021

 

2022

 

2021

Balance at the beginning of the period

 $4,585  $2,006  $3,585  $2,006 

Total gains or losses (realized/unrealized):

                

Included in earnings

            

Included in other comprehensive income

            

Purchased into Level 3

        1,000    

Transfers in and/or out of Level 3

            

Balance at the end of the period

 $4,585  $2,006  $4,585  $2,006 
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

(Dollar amounts in thousands)

     

(Level 1)

 

(Level 2)

 

(Level 3)

Description

 

Total

 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs

June 30, 2022:

                

Impaired commercial real estate loans

 $1,883  $  $  $1,883 

Total

 $1,883  $  $  $1,883 
                 

December 31, 2021:

                

Impaired commercial business loan

 $54  $  $  $54 

Impaired commercial real estate loans

  470         470 

Total

 $524  $  $  $524 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

(Dollar amounts in thousands)

    

Valuation

Unobservable

Weighted

     

Techniques(s)

Input(s)

Average

June 30, 2022:

         

Impaired commercial real estate loans

 $1,883 

Sales comparison approach

Adjustment for differences between comparable sales

 10%
          

December 31, 2021:

         

Impaired commercial business loan

 $54 

Sales comparison approach

Adjustment for differences between comparable sales

 10%

Impaired commercial real estate loans

  470 

Sales comparison approach

Adjustment for differences between comparable sales

 10%
Fair Value, by Balance Sheet Grouping [Table Text Block]

(Dollar amounts in thousands)

                    
  

Carrying

 

Fair Value Measurements using:

Description

 

Amount

 

Total

 

Level 1

 

Level 2

 

Level 3

June 30, 2022:

                    

Financial Assets:

                    

Cash and cash equivalents

 $11,654  $11,654  $11,654  $  $ 

Interest earning time deposits

  1,490   1,490      1,490    

Securities - available-for-sale

  151,139   151,139      146,554   4,585 

Securities - equities

  3   3   3       

Loans held for sale

               

Loans, net

  800,151   765,615         765,615 

Federal bank stock

  5,527   N/A   N/A   N/A   N/A 

Accrued interest receivable

  3,563   3,563   33   783   2,747 

Financial Liabilities:

                    

Deposits

  937,581   939,494   798,263   141,231    

Borrowed funds

  18,000   18,000      18,000    

Accrued interest payable

  313   313   4   309    

December 31, 2021:

                    

Financial Assets:

                    

Cash and cash equivalents

 $9,080  $9,080  $9,080  $  $ 

Interest earning time deposits

  2,484   2,484      2,484    

Securities - available-for-sale

  186,270   186,270      182,685   3,585 

Securities - equities

  5   5   5       

Loans held for sale

  469   469      469    

Loans, net

  780,010   780,086         780,086 

Federal bank stock

  5,715   N/A   N/A   N/A   N/A 

Accrued interest receivable

  3,731   3,731   35   817   2,879 

Financial Liabilities:

                    

Deposits

  918,496   921,811   767,840   153,971    

Borrowed funds

  22,050   22,121      22,121    

Accrued interest payable

  338   338   5   333