Note 11 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

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
March 31, 2024
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	68,470	$	-	$	68,470
Agency CMO		-		47,717		-		47,717
Agency notes and bonds		-		127,267		-		127,267
Treasury notes and bonds		58,362		-		-		58,362
Municipal obligations		-		126,328		-		126,328
Total securities available for sale	$	58,362	$	369,782	$	-	$	428,144
Equity securities	$	1,193	$	-	$	-		1,193
Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
1-4 Family Residential Construction	$	-	$	-	$	37	$	37
Total collateral dependent loans	$	-	$	-	$	37	$	37
December 31, 2023
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	72,044	$	-	$	72,044
Agency CMO		-		25,173		-		25,173
Agency notes and bonds		-		129,505		-		129,505
Treasury notes and bonds		63,084		-		-		63,084
Municipal obligations		-		147,465		-		147,465
Total securities available for sale	$	63,084	$	374,187	$	-	$	437,271
Equity securities	$	1,260	$	-	$	-		1,260
Assets Measured on a Nonrecurring Basis
Collateral dependent loans:
1-4 Family Residential Mortgage	$	-	$	-	$	27	$	27
1-4 Family Residential Construction		-		-		27		27
Total collateral dependent loans	$	-	$	-	$	54	$	54

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
March 31, 2024
Financial assets:
Cash and cash equivalents	$	42,092	$	42,092	$	42,092	$	-	$	-
Interest-bearing time deposits		3,185		3,178		-		3,178		-
Securities available for sale		428,144		428,144		58,362		369,782		-
Securities held to maturity		7,000		4,405		-		4,405		-
Loans held for sale		759		765		-		765		-
Loans, net		621,377		618,055		-		-		618,055
FHLB and other restricted stock		1,836		N/A		N/A		N/A		N/A
Accrued interest receivable		4,442		4,442		-		4,442		-
Equity securities (included in
other assets)		1,193		1,193		1,193		-		-
Financial liabilities:
Deposits		1,010,092		1,008,683		-		-		1,008,683
Borrowed funds		33,625		33,509		-		33,509		-
Accrued interest payable		1,398		1,398		-		1,398		-
December 31, 2023
Financial assets:
Cash and cash equivalents	$	38,670	$	38,670	$	38,670	$	-	$	-
Interest-bearing time deposits		3,920		3,925		-		3,925		-
Securities available for sale		437,271		437,271		63,084		374,187		-
Securities held to maturity		7,000		4,446		-		4,446		-
Loans held for sale		800		811		-		811		-
Loans, net		614,409		609,243		-		-		609,243
FHLB and other restricted stock		1,836		N/A		N/A		N/A		N/A
Accrued interest receivable		4,788		4,788		-		4,788		-
Equity securities (included in
other assets)		1,260		1,260		1,260		-		-
Financial liabilities:
Deposits		1,025,211		1,023,813		-		-		1,023,813
Borrowed funds		21,500		21,470		-		21,470		-
Accrued interest payable		1,209		1,209		-		1,209		-