Note 2 - Debt Securities (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

Debt Securities, Available-for-Sale and Held-to-Maturity [Table Text Block]

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
(in thousands)
At September 30, 2024
Debt Securities Available for Sale
U.S. Government treasury and agency securities	$	13,247	$	-	$	(542	)	$	12,705
Municipal securities		20,142		-		(1,545	)		18,597
U.S. agency mortgage-backed securities		60,715		55		(5,588	)		55,182
Asset-backed securities		4,482		6		(37	)		4,451
Total	$	98,586	$	61	$	(7,712	)	$	90,935
Debt Securities Held to Maturity
Municipal securities	$	9,289	$	36	$	(1,057	)	$	8,268
U.S. agency mortgage-backed securities		3,987		97		(41	)		4,043
Total	$	13,276	$	133	$	(1,098	)	$	12,311
At December 31, 2023
Debt Securities Available for Sale
U.S. Government treasury and agency securities	$	46,492	$	-	$	(1,234	)	$	45,258
Municipal securities		22,259		-		(2,151	)		20,108
U.S. agency mortgage-backed securities		63,165		7		(7,013	)		56,159
Asset-backed securities		3,024		-		(74	)		2,950
Total	$	134,940	$	7	$	(10,472	)	$	124,475
Debt Securities Held to Maturity
Municipal securities	$	9,257	$	39	$	(1,378	)	$	7,918
U.S. agency mortgage-backed securities		2,593		-		(153	)		2,440
Total	$	11,850	$	39	$	(1,531	)	$	10,358

Debt Securities, Available-for-Sale and Held-to-maturity, Unrealized Loss Position, Fair Value [Table Text Block]

	Less Than Twelve Months					More Than Twelve Months
	Gross					Gross
	Unrealized			Fair		Unrealized			Fair
	Losses			Value		Losses			Value
(in thousands)
At September 30, 2024
Debt Securities Available for Sale
U.S. Government treasury and agency securities	$	-		$	-	$	(542	)	$	12,705
Municipal securities		-			-		(1,545	)		18,597
U.S. agency mortgage-backed securities		(46	)		3,674		(5,542	)		50,328
Asset-backed securities		-			-		(37	)		1,694
Total	$	(46	)	$	3,674	$	(7,666	)	$	83,324
Debt Securities Held to Maturity
Municipal securities	$	-		$	-	$	(1,057	)	$	6,388
U.S. agency mortgage-backed securities		-			-		(41	)		2,554
Total	$	-		$	-	$	(1,098	)	$	8,942
At December 31, 2023
Debt Securities Available for Sale
U.S. Government treasury and agency securities	$	-		$	-	$	(1,234	)	$	45,258
Municipal securities		(2	)		386		(2,149	)		19,722
U.S. agency mortgage-backed securities		-			-		(7,013	)		54,987
Asset-backed securities		-			-		(74	)		2,950
Total	$	(2	)	$	386	$	(10,470	)	$	122,917
Debt Securities Held to Maturity
Municipal securities	$	-		$	-	$	(1,378	)	$	6,884
U.S. agency mortgage-backed securities		-			-		(153	)		2,440
Total	$	-		$	-	$	(1,531	)	$	9,324

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

			Fair Value Measurements Using
			Quoted Prices
			In Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
(in thousands)
At September 30, 2024
Debt Securities Available for Sale
U.S. Government treasury and agency securities	$	12,705	$	-	$	12,705	$	-
Municipal securities		18,597		-		18,597		-
U.S. agency mortgage-backed securities		55,182		-		55,182		-
Asset-backed securities		4,451		-		4,451		-
Total	$	90,935	$	-	$	90,935	$	-
At December 31, 2023
Debt Securities Available for Sale
U.S. Government treasury and agency securities	$	45,258	$	-	$	45,258	$	-
Municipal securities		20,108		-		20,108		-
U.S. agency mortgage-backed securities		56,159		-		56,159		-
Asset-backed securities		2,950		-		2,950		-
Total	$	124,475	$	-	$	124,475	$	-

Investments Classified by Contractual Maturity Date [Table Text Block]

	Debt Securities Available for Sale				Debt Securities Held to Maturity
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
(in thousands)
Due in less than one year	$	8,368	$	8,287	$	-	$	-
Due in one to five years		11,953		11,161		-		-
Due in five to ten years		10,827		9,897		2,070		2,030
Due after ten years		6,723		6,408		7,219		6,238
U.S. agency mortgage-backed securities		60,715		55,182		3,987		4,043
Total	$	98,586	$	90,935	$	13,276	$	12,311