Note 9- Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

			At September 30, 2022				At December 31, 2021
			Carrying		Fair		Carrying		Fair
(in thousands)	Level		Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents		1	$	76,017	$	76,017	$	233,473	$	233,473
Debt securities available for sale		2		131,688		131,688		73,763		73,763
Debt securities held to maturity		2		11,794		10,180		-		-
Loans held for sale		3		8,911		9,054		11,768		11,964
Loans, net		3		565,877		538,085		490,198		495,209
Federal Home Loan Bank stock		3		463		463		366		366
Accrued interest receivable		3		2,132		2,132		1,505		1,505
Bank-owned life insurance		3		16,438		16,438		16,153		16,153
Derivative contract assets		3		2,385		2,385		630		630
Financial liabilities:
Deposits		3		755,414		755,243		762,942		763,147
Other borrowings		3		4,125		4,125		3,575		3,575
Derivative contract liabilities		3		2,385		2,385		630		630
Off-Balance Sheet Items		3		-		-		-		-