Note 13 - Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

	September 30, 2023						December 31, 2022
	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Student Loan Pools	$	—	$	52,494,121	$	—	$	—	$	59,156,982	$	—
SBA Bonds		—		77,926,496		—		—		99,629,967		—
Tax Exempt Municipal Bonds		—		19,472,098		—		—		21,310,328		—
Taxable Municipal Bonds		—		49,411,310		—		—		50,769,739		—
MBS		—		332,117,548		—		—		319,281,268		—
Total	$	—	$	531,421,573	$	—	$	—	$	550,148,284	$	—

Fair Value Measurements, Nonrecurring [Table Text Block]

	September 30, 2023
Assets:	Level 1		Level 2		Level 3		Total
Mortgage Loans Held For Sale	$	—	$	1,053,486	$	—	$	1,053,486
Collateral Dependent Loans		—		—		5,492,222		5,492,222
Land Held for Sale		—		—		938,214		938,214
Total	$	—	$	1,053,486	$	6,430,436	$	7,483,922

	December 31, 2022
Assets:	Level 1		Level 2		Level 3		Total
Mortgage Loans Held For Sale	$	—	$	913,258	$	—	$	913,258
Collateral Dependent Loans		—		—		5,565,878		5,565,878
OREO		—		—		119,700		119,700
Land Held for Sale		—		—		1,096,614		1,096,614
Total	$	—	$	913,258	$	6,782,192	$	7,695,450

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

			Range of Inputs
Level 3 Assets	Valuation Technique	Significant Unobservable Inputs	September 30, 2023			December 31, 2022
Land Held for Sale	Appraised Value/Comparable Sales	Discounts to appraised values for estimated holding or selling costs			10%	10%
Collateral Dependent Loans	Appraised Value	Discounts to appraised values for estimated holding and/or selling costs or age of appraisal	8%	-	13%	8% - 13%
OREO	Appraised Value/Comparable Sales	Discounts to appraised values for estimated holding or selling costs			-	30%

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

September 30, 2023	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3
Financial Assets:	Dollars in thousands
Cash and Cash Equivalents	$	84,224	$	84,224	$	—	$	—
Certificates of Deposits with Other Banks		1,100		—		1,100		—
Investments AFS		531,422		—		531,422		—
Investments HTM		174,136		—		166,639		—
Loans Receivable, Net		596,976		—		—		574,770
FHLB Stock		922		922		—		—
Land Held for Sale		938		—		—		938
Financial Liabilities:
Deposits:
Checking, Savings & Money Market Accounts	$	953,818	$	953,818	$	—	$	—
Certificates of Deposits		232,235		—		229,658		—
Borrowings from FRB		69,200		68,729		—		—
Other Borrowed Money		19,043		19,043		—		—
Subordinated Debentures		26,500		—		22,791		—
Junior Subordinated Debentures		5,155		—		5,155		—

December 31, 2022	Carrying		Fair Value
	Amount		Level 1		Level 2		Level 3
Financial Assets:	Dollars in thousands
Cash and Cash Equivalents	$	28,502	$	28,502	$	—	$	—
Certificates of Deposits with Other Banks		1,100		—		1,100		—
Investments AFS		550,148		—		550,148		—
Investments HTM		167,438		—		161,464		—
Loans Receivable, Net		549,004		—		—		528,174
FHLB Stock		651		651		—		—
Land Held for Sale		1,097		—		—		1,097
Financial Liabilities:
Deposits:
Checking, Savings & Money Market Accounts	$	968,054	$	968,054	$	—	$	—
Certificates of Deposits		142,031		—		138,382		—
Borrowings from FRB		44,080		44,071		—		—
Other Borrowed Money		27,588		27,588		—		—
Subordinated Debentures		26,500		—		24,435		—
Junior Subordinated Debentures		5,155		—		5,155		—