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Note 18 - Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]
  

(Dollars in thousands)

 
  

Collateralized debt obligations

 
  

other-than-temporary impairment

 

Ending balance, December 31, 2020

 $173 

Additions not previously recognized

  - 

Ending balance, December 31, 2021

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

(Dollars in thousands)

 
      

Fair Value Measurements at December 31, 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)

 

Assets:

                

Interest rate swap contracts

 $2,686  $-  $2,686  $- 

Interest rate lock commitments

  141   -   141   - 

Available-for-sale debt securities:

                

U.S. government sponsored entities

  8,669   -   8,669   - 

U.S. treasury securities

  400   -   400   - 

Collateralized mortgage obligations and residential mortgage-backed securities

  184,701   -   184,701   - 

Municipal securities

  332,127   -   332,127   - 

Collateralized debt obligations

  992   -   -   992 

Total securities available-for-sale

 $526,889  $-  $525,897  $992 
                 

Liabilities:

                

Interest rate swap contracts

 $2,686  $-  $2,686  $- 
      

(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)

 

Assets:

                

Interest rate swap contracts

 $3,638  $-  $3,638  $- 

Interest rate lock commitments

  374   -   374   - 

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 
                 

Liabilities:

                

Interest rate swap contracts

 $3,638  $-  $3,638  $- 
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

  72 

Ending balance, December 31, 2021

 $992 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

(Dollars in thousands)

 
      

Fair Value Measurements at December 31, 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

 $896  $-  $-  $896 

Foreclosed real estate

  -   -   -   - 
      

(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   -   -   1,083 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

December 31, 2021

  

Estimated Fair Value Measurements at December 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

 $33,176  $33,176  $33,176  $-  $- 

Certificates of deposit in other financial institutions

  1,709   1,737   -   1,737   - 

Loans held-for-sale

  4,987   5,065   -   5,065   - 

Loans receivable, net

  953,377   951,744   -   -   951,744 

Federal Home Loan Bank stock

  3,247   3,247   -   3,247   - 

Accrued interest receivable

  5,444   5,444   -   5,444   - 
                     

Financial liabilities:

                    

Non-interest bearing deposits

  295,294   295,294   295,294   -   - 

Interest bearing deposits

  1,138,907   1,139,126   899,690   239,436   - 

Repurchase agreements

  14,581   14,579   12,842   1,737   - 

Borrowed funds

  -   -   -   -   - 

Accrued interest payable

  22   22   -   22   - 
  

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   - 

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   - 

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   - 

Accrued interest payable

  54   54   -   54   -