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Note 12 - Long-term Debt (Tables)
9 Months Ended
Sep. 30, 2024
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]
  

September 30, 2024

            

Period End

     
  

Face

  

Carrying

    

Interest

  

Maturity

  

(dollars in thousands)

 

Value

  

Value

  

Interest Rate

 

Rate

  

Date

 

Call Date

Subordinated notes payable

 $50,000  $50,000  

Fixed

  3.50% 

3/30/2031

 

3/31/2026

Junior subordinated debenture (Trust I)

  4,124   3,616  

Three-month CME SOFR + 0.26% + 3.10%

  8.02% 

6/26/2033

 

6/26/2008

Junior subordinated debenture (Trust II)

  6,186   5,425  

Three-month CME SOFR + 0.26% + 1.80%

  7.01% 

9/15/2036

 

9/15/2011

Total long-term debt

 $60,310  $59,041           
  

December 31, 2023

            

Period End

     
  

Face

  

Carrying

    

Interest

  

Maturity

  

(dollars in thousands)

 

Value

  

Value

  

Interest Rate

 

Rate

  

Date

 

Call Date

Subordinated notes payable

 $50,000  $50,000  

Fixed

  3.50% 

3/30/2031

 

3/31/2026

Junior subordinated debenture (Trust I)

  4,124   3,583  

Three-month CME SOFR + 0.26% + 3.10%

  8.72% 

6/26/2033

 

6/26/2008

Junior subordinated debenture (Trust II)

  6,186   5,373  

Three-month CME SOFR + 0.26% + 1.80%

  7.45% 

9/15/2036

 

9/15/2011

Total long-term debt

 $60,310  $58,956