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Note 13 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]
  

(Dollars in Thousands)

 
  

Collateralized

 
  

debt obligations

 
  

other-than-temporary

 

(Dollars in thousands)

 

impairment

 

Ending balance, December 31, 2020

 $173 

Additions not previously recognized

  - 

Ending balance, June 30, 2021

 $173 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at June 30, 2021 Using

 

(Dollars in thousands)

 

Estimated
Fair
Value

  

Quoted Prices in

Active Markets

for Identical

Assets
(Level 1)

  

Significant Other

Observable

Inputs
(Level 2)

  

Significant

Unobservable

Inputs
(Level 3)

 

Available-for-sale debt securities:

                

U.S. government sponsored entities

  10,796   -   10,796   - 

U.S. treasury securities

  401   -   401   - 

Collateralized mortgage obligations and residential mortgage-backed securities

  195,361   -   195,361   - 

Municipal securities

  266,399   -   266,399   - 

Collateralized debt obligations

  970   -   -   970 

Total securities available-for-sale

 $473,927  $-  $472,957  $970 
      

Fair Value Measurements at December 31, 2020 Using

 

(Dollars in thousands)

 

Estimated
Fair
Value

  

Quoted Prices in

Active Markets

for Identical

Assets
(Level 1)

  

Significant Other

Observable

Inputs
(Level 2)

  

Significant

Unobservable

Inputs
(Level 3)

 

Available-for-sale debt securities:

                

Money market fund

 $52,941  $52,941  $-  $- 

U.S. government sponsored entities

  7,860   -   7,860   - 

Collateralized mortgage obligations and residential mortgage-backed securities

  154,736   -   154,736   - 

Municipal securities

  194,203   -   194,203   - 

Collateralized debt obligations

  929   -   -   929 

Total securities available-for-sale

 $410,669  $52,941  $356,799  $929 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

(Dollars in thousands)

 

Estimated Fair Value
Measurements Using
Significant Unobservable
Inputs (Level 3)

 
  

Available-for-
sale securities

 

Beginning balance, January 1, 2020

 $1,076 

Principal payments

  (20)

Total unrealized losses, included in other comprehensive income

  (127)

Ending balance, December 31, 2020

 $929 
     

Beginning balance, January 1, 2021

 $929 

Principal payments

  (9)

Total unrealized gains, included in other comprehensive income

  50 

Ending balance, June 30, 2021

 $970 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

(Dollars in thousands)

 
      

Fair Value Measurements at June 30, 2021 Using

 

(Dollars in thousands)

 

Estimated
Fair
Value

  

Quoted Prices in

Active Markets

for Identical

Assets
(Level 1)

  

Significant Other

Observable

Inputs
(Level 2)

  

Significant

Unobservable

Inputs
(Level 3)

 

Impaired loans

 $10,348  $-  $-  $10,348 

Foreclosed real estate

  368   -   -   368 
      

(Dollars in thousands)

 
      

Fair Value Measurements at December 31, 2020 Using

 

(Dollars in thousands)

 

Estimated
Fair
Value

  

Quoted Prices in

Active Markets

for Identical

Assets
(Level 1)

  

Significant Other

Observable

Inputs
(Level 2)

  

Significant

Unobservable

Inputs
(Level 3)

 

Impaired loans

 $10,046  $-  $-  $10,046 

Foreclosed real estate

  538   -   -   538 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

June 30, 2021

  

Estimated Fair Value Measurements at March 31, 2021 Using

 

(Dollars in thousands)

 

Carrying
Value

  

Estimated
Fair Value

  

Quoted Prices in
Active Markets for

Identical Assets
(Level 1)

  

Significant
Other Observable
Inputs
(Level 2)

  

Significant
Unobservable
Inputs
(Level 3)

 

Financial assets:

                    

Cash and cash equivalents

 $68,625  $68,625  $68,625  $-  $- 

Certificates of deposit in other financial institutions

  1,471   1,526   -   1,526   - 

Securities available-for-sale

  473,927   473,927   -   472,957   970 

Loans held-for-sale

  5,878   6,030   6,030   -   - 

Loans receivable, net

  955,852   960,652   -   -   960,652 

Federal Home Loan Bank stock

  3,247   3,247   -   3,247   - 

Interest rate swap agreements

  2,938   2,938   -   2,938   - 

Accrued interest receivable

  4,803   4,803   -   4,803   - 
                     

Financial liabilities:

                    

Non-interest bearing deposits

  275,819   275,819   275,819   -   - 

Interest bearing deposits

  1,119,277   1,119,535   838,519   281,016   - 

Repurchase agreements

  24,399   24,415   22,661   1,754   - 

Interest rate swap agreements

  2,938   2,938   -   2,938   - 

Accrued interest payable

  36   36   -   36   - 
  

December 31, 2020

  

Estimated Fair Value Measurements at December 31, 2020 Using

 

(Dollars in thousands)

 

Carrying
Value

  

Estimated
Fair Value

  

Quoted Prices in
Active Markets for

Identical Assets
(Level 1)

  

Significant
Other Observable
Inputs
(Level 2)

  

Significant
Unobservable
Inputs
(Level 3)

 

Financial assets:

                    

Cash and cash equivalents

 $19,922  $19,922  $19,922  $-  $- 

Certificates of deposit in other financial institutions

  1,897   1,868   -   1,868   - 

Securities available-for-sale

  410,669   410,669   52,941   356,799   929 

Loans held-for-sale

  11,329   11,660   11,660   -   - 

Loans receivable, net

  952,688   982,793   -   -   982,793 

Federal Home Loan Bank stock

  3,918   3,918   -   3,918   - 

Interest rate swap agreements

  3,638   3,638   -   3,638   - 

Accrued interest receivable

  4,713   4,713   -   4,713   - 
                     

Financial liabilities:

                    

Non-interest bearing deposits

  241,620   241,620   241,620   -   - 

Interest bearing deposits

  1,060,719   1,061,294   775,891   285,403   - 

Repurchase agreements

  13,711   13,713   11,976   1,737   - 

Borrowed funds

  6,149   6,018   -   6,018   - 

Interest rate swap agreements

  3,638   3,638   -   3,638   - 

Accrued interest payable

  54   54   -   54   -