Note 15 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

	December 31, 2023
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Financial Assets	(In thousands)
Securities available for sale
Municipal bonds	$	5,118	$	82,643	$	—	$	87,761
ABS agency		—		11,782		—		11,782
ABS corporate		—		5,286		—		5,286
Corporate debt		1,883		49,571		—		51,454
MBS agency		—		63,247		—		63,247
MBS non-agency		—		48,624		27,469		76,093
Sold loan servicing rights		—		—		3,793		3,793
Partnership investments		—		—		13,183		13,183
Total assets measured at fair value	$	7,001	$	261,153	$	44,445	$	312,599
Financial Liabilities
Interest rate swap derivative	$	—	$	1,002	$	—	$	1,002

	December 31, 2022
	Quoted Prices in Active Markets for Identical Assets or Liabilities		Significant Other Observable Inputs		Significant Unobservable Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Financial Assets	(In thousands)
Securities available for sale
Municipal bonds	$	4,913	$	93,137	$	—	$	98,050
U.S. Treasury notes		2,364		—		—		2,364
Agency bonds		—		1,702		—		1,702
Corporate debt		5,326		50,173		—		55,499
MBS agency		—		75,648		—		75,648
MBS non-agency		—		63,707		29,599		93,306
Sold loan servicing rights		—		—		3,887		3,887
Partnership investments		—		—		12,563		12,563
Total assets measured at fair value	$	12,603	$	284,367	$	46,049	$	343,019

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

December 31, 2023	Fair Value (In thousands)		Valuation Technique	Unobservable Input	Range (Weighted Average) (a)
Sold loan servicing rights	$	3,793	Discounted cash flow	Constant prepayment rate	4.10% - 47.53% (7.39%)
				Discount rate	11.00% - 13.42% (11.74%)
MBS non-agency	$	27,469	Consensus pricing	Offered quotes	98 - 100
Partnership investments	$	13,183	Net asset value per share	Net asset value	n/a
(a) Unobservable inputs were weighted by the relative fair value of the instruments.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	As of or For the Year Ended December 31,
	2023			2022
	(In thousands)
Sold loan servicing rights:
Balance at beginning of period	$	3,887		$	3,820
Servicing rights that result from transfers and sale of financial assets		149			54
Changes in fair value due to changes in model inputs or assumptions (1)		(243	)		13
Balance at end of period	$	3,793		$	3,887
(1) Represents changes due to collection/realization of expected cash flows and curtailments.

	As of or For the Year Ended December 31,
	2023			2022
	(In thousands)
Securities available for sale:
MBS non-agency
Balance at beginning of period	$	29,599		$	—
Transfers Into Level 3 (1)		—			29,599
Sales		(1,912	)
Unrealized Losses		(218	)		—
Balance at end of period	$	27,469		$	29,599
(1) Transferred from Level 2 to Level 3 because of a lack of observable market data, resulting from little to no market activity for the investments.

	As of or For the Year Ended December 31,
	2023		2022
	(In thousands)
Partnership investments:
Balance at beginning of period	$	12,563	$	—
Transfers Into Level 3 (1)		—		12,490
Purchases, net of Distributions		620		—
Unrealized Gains		—		73
Balance at end of period	$	13,183	$	12,563
(1) Transferred from Level 2 to Level 3 because of a lack of observable market data, resulting from little to no market activity for the investments.

Fair Value Measurements, Nonrecurring [Table Text Block]

	December 31, 2023
	Level 1		Level 2		Level 3		Total
	(In thousands)
Collateral dependent loan	$	—	$	—	$	17,388	$	17,388

	December 31, 2022
	Level 1		Level 2		Level 3		Total
	(In thousands)
Impaired loans	$	—	$	—	$	3,034	$	3,034

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

	December 31, 2023
	Carrying		Estimated Fair		Fair Value Measurements Using:
	Amount		Value		Level 1		Level 2		Level 3
	(In thousands)
Financial assets
Cash and cash equivalents	$	123,169	$	123,169	$	123,169	$	—	$	—
Investment securities available for sale		295,623		295,623		7,001		261,153		27,469
Loans held for sale		753		753		—		753		—
Loans receivable, net		1,642,518		1,506,130		—		—		1,506,130
FHLB stock		13,664		13,664		—		13,664		—
Accrued interest receivable		7,894		7,894		—		7,894		—
Servicing rights on sold loans, at fair value		3,793		3,793		—		—		3,793
Partnership investments		13,183		13,183		—		—		13,183
Financial liabilities
Demand deposits	$	1,469,266	$	1,469,266	$	1,469,266	$	—	$	—
Time deposits		207,626		648,428		—		—		648,428
FHLB borrowings		275,000		271,284		—		—		271,284
Line of credit		6,500		6,524		—		—		6,524
Subordinated debt, net		39,436		42,116		—		—		42,116
Accrued interest payable		3,396		3,396		—		3,396		—
Interest rate swap derivative		1,002		1,002		—		1,002		—

	December 31, 2022
	Carrying		Estimated Fair		Fair Value Measurements Using:
	Amount		Value		Level 1		Level 2		Level 3
	(In thousands)
Financial assets
Cash and cash equivalents	$	45,596	$	45,596	$	45,596	$	—	$	—
Investment securities available for sale		326,569		326,569		12,603		284,367		29,599
Loans held for sale		597		597		—		597		—
Loans receivable, net		1,531,435		1,461,470		—		—		1,461,470
FHLB stock		11,681		11,681		—		11,681		—
Accrued interest receivable		6,743		6,743		—		6,743		—
Servicing rights on sold loans, net		3,887		3,887		—		—		3,887
Partnership investments		12,563		12,563		—		—		12,563
Financial liabilities
Demand deposits	$	1,182,570	$	1,182,570	$	1,182,570	$	—	$	—
Time deposits		381,685		372,865		—		—		372,865
FHLB Borrowings		234,000		229,103		—		—		229,103
Line of credit		12,000		12,034		—		—		12,034
Subordinated debt, net		39,358		39,358		—		—		39,358
Accrued interest payable		455		455		—		455		—