Note 8 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

	Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total
September 30, 2022
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	86,709	$	-	$	86,709
Agency CMO		-		7,232		-		7,232
Agency notes and bonds		-		137,347		-		137,347
Treasury notes and bonds		-		79,421		-		79,421
Municipal obligations		-		144,570		-		144,570
Total securities available for sale	$	-	$	455,279	$	-	$	455,279
Equity securities	$	1,616	$	-	$	-		1,616
December 31, 2021
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	102,736	$	-	$	102,736
Agency CMO		-		7,961		-		7,961
Agency notes and bonds		-		129,096		-		129,096
Treasury notes and bonds		-		49,794		-		49,794
Municipal obligations		-		157,748		-		157,748
Total securities available for sale	$	-	$	447,335	$	-	$	447,335
Equity securities	$	1,881	$	-	$	-		1,881
Assets Measured on a Nonrecurring Basis
Impaired loans:
Home equity and second mortgage	$	-	$	-	$	281	$	281
Total impaired loans	$	-	$	-	$	281	$	281
Foreclosed real estate:
Residential real estate	$	-	$	-	$	36	$	36
Total foreclosed real estate	$	-	$	-	$	36	$	36

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

	Carrying		Fair		Fair Value Measurements Using
(In thousands)	Value		Value		Level 1		Level 2		Level 3
September 30, 2022:
Financial assets:
Cash and cash equivalents	$	83,786	$	83,786	$	83,786	$	-	$	-
Interest-bearing time deposits		2,454		2,357		-		2,357		-
Securities available for sale		455,279		455,279		-		455,279		-
Securities held to maturity		7,000		5,618		-		5,618		-
Loans held for sale		1,312		1,328		-		1,328		-
Loans, net		541,593		522,724		-		-		522,724
FHLB and other restricted stock		1,836		N/A		N/A		N/A		N/A
Accrued interest receivable		3,714		3,714		-		3,714		-
Equity securities (included in other assets)		1,616		1,616		1,616		-		-
Financial liabilities:
Deposits		1,063,099		1,060,968		-		-		1,060,968
Accrued interest payable		74		74		-		74		-
December 31, 2021:
Financial assets:
Cash and cash equivalents	$	172,509	$	172,509	$	172,509	$	-	$	-
Interest-bearing time deposits		4,839		4,965		-		4,965		-
Securities available for sale		447,335		447,335		-		447,335		-
Securities held to maturity		2,000		2,004		-		2,004		-
Loans held for sale		2,413		2,459		-		2,459		-
Loans, net		483,287		481,961		-		-		481,961
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		3,430		3,430		-		3,430		-
Equity securities (included in other assets)		1,881		1,881		1,881		-		-
Financial liabilities:
Deposits		1,035,562		1,035,406		-		-		1,035,406
Accrued interest payable		97		97		-		97		-