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Note 4 - Securities Available for Sale (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023

                               

Mortgage-backed securities:

                               

Federal National Mortgage Association (FNMA)

  $ 96,837       0       (9,704 )     87,133  

Federal Home Loan Mortgage Corporation (FHLMC)

    82,495       0       (8,246 )     74,249  

Collateralized mortgage obligations:

                               

FNMA

    34       0       (2 )     32  
      179,366       0       (17,952 )     161,414  

Other marketable securities:

                               

U.S. Government agency obligations

    54,112       120       (552 )     53,680  
      54,112       120       (552 )     53,680  
    $ 233,478       120       (18,504 )     215,094  

December 31, 2022

                               

Mortgage-backed securities:

                               

FNMA

  $ 117,690       0       (12,754 )     104,936  

FHLMC

    98,893       0       (11,177 )     87,716  

Collateralized mortgage obligations:

                               

FNMA

    38       0       (2 )     36  
      216,621       0       (23,933 )     192,688  

Other marketable securities:

                               

U.S. Government agency obligations

    54,998       0       (2,157 )     52,841  

Corporate preferred stock

    700       0       (210 )     490  
      55,698       0       (2,367 )     53,331  
    $ 272,319       0       (26,300 )     246,019  
                                 
Gain (Loss) on Securities [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, 2023

                                                               

Mortgage backed securities:

                                                               

FNMA

    0     $ 0       0       34     $ 87,133       (9,704 )   $ 87,133       (9,704 )

FHLMC

    0       0       0       24       74,249       (8,246 )     74,249       (8,246 )

Collateralized mortgage obligations:

                                                               

FNMA

    0       0       0       1       32       (2 )     32       (2 )

Other marketable securities:

                                                               

U.S. government and agency obligations

    1       5,000       (9 )     7       34,456       (543 )     39,456       (552 )

Total

    1     $ 5,000       (9 )     66     $ 195,870       (18,495 )   $ 200,870       (18,504 )
                                                                 

December 31, 2022

                                                               

Mortgage backed securities:

                                                               

FNMA

    12     $ 19,337       (1,629 )     22     $ 85,599       (11,125 )   $ 104,936       (12,754 )

FHLMC

    4       10,542       (1,214 )     20       77,174       (9,963 )     87,716       (11,177 )

Collateralized mortgage obligations:

                                                               

FNMA

    1       36       (2 )     0       0       0       36       (2 )

Other marketable securities:

                                                               

U.S. government and agency obligations

    4       19,334       (667 )     7       33,507       (1,490 )     52,841       (2,157 )

Corporate preferred stock

    0       0       0       1       490       (210 )     490       (210 )

Total

    21     $ 49,249       (3,512 )     50     $ 196,770       (22,788 )   $ 246,019       (26,300 )
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

  $ 64,814       60,590  

Due after one year through five years

    134,875       124,096  

Due after five years through fifteen years

    33,786       30,405  

Due after fifteen years

    3       3  

Total

  $ 233,478       215,094