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Note 4 - Securities Available for Sale (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Debt Securities, Available-for-sale [Table Text Block]

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair Value

 

December 31, 2021

                

Mortgage-backed securities:

                

Federal National Mortgage Association (FNMA)

 $138,628   550   (1,367)  137,811 

Federal Home Loan Mortgage Corporation (FHLMC)

  108,599   126   (1,189)  107,536 

Collateralized mortgage obligations:

                

FNMA

  48   2   0   50 
   247,275   678   (2,556)  245,397 

Other marketable securities:

                

U.S. Government agency obligations

  39,991   56   (337)  39,710 

Corporate preferred stock

  700   0   (42)  658 
   40,691   56   (379)  40,368 
  $287,966   734   (2,935)  285,765 

December 31, 2020

                

Mortgage-backed securities:

                

FNMA

 $68,699   1,313   (3)  70,009 

FHLMC

  31,025   327   0   31,352 

Collateralized mortgage obligations:

                

FNMA

  97   6   0   103 
   99,821   1,646   (3)  101,464 

Other marketable securities:

                

U.S. Government agency obligations

  45,029   204   0   45,233 

Municipal obligations

  725   1   0   726 

Corporate obligations

  37   0   0   37 

Corporate preferred stock

  700   0   (70)  630 
   46,491   205   (70)  46,626 
  $146,312   1,851   (73)  148,090 
                 
Schedule of Unrealized Loss on Investments [Table Text Block]
  

Less Than Twelve Months

  

Twelve Months or More

  

Total

 

(Dollars in thousands)

 

# of

Investments

  

Fair

Value

  

Unrealized

Losses

  

# of

Investments

  

Fair

Value

  

Unrealized

Losses

  

Fair

Value

  

Unrealized

Losses

 

December 31, 2021

                                

Mortgage backed securities:

                                

FNMA

  19  $98,423   (1,234)  2  $6,810   (133) $105,233   (1,367)

FHLMC

  17   85,624   (1,038)  2   7,664   (151)  93,288   (1,189)

Other marketable securities:

                                

U.S. government

 agency obligations

  7   34,659   (337)  0   0   0   34,659   (337)

Corporate preferred stock

  0   0   0   1   658   (42)  658   (42)

Total temporarily impaired securities

  43  $218,706   (2,609)  5  $15,132   (326) $233,838   (2,935)
                                 

December 31, 2020

                                

Mortgage backed securities:

                                

FNMA

  1  $4,956   (3)  0  $0   0  $4,956   (3)

Other marketable securities:

                                

Corporate preferred stock

  0   0   0   1   630   (70)  630   (70)

Total temporarily impaired securities

  1  $4,956   (3)  1  $630   (70) $5,586   (73)
                                 
Available-for-sale Securities [Member]  
Notes Tables  
Contractual Obligation, Fiscal Year Maturity [Table Text Block]

(Dollars in thousands)

 

Amortized

Cost

  

Fair
Value

 

Due one year or less

 $71,861   71,318 

Due after one year through five years

  170,404   169,129 

Due after five years through fifteen years

  45,700   45,317 

Due after fifteen years

  1   1 

Total

 $287,966   285,765