Note 10 - FHLB Advances and FRB Borrowings	12 Months Ended
Dec. 31, 2023
Notes to Financial Statements
Federal Home Loan Bank Advances, Disclosure [Text Block]	NOTE 10 - FHLB ADVANCES AND FRB BORROWINGS FHLB advances are secured by a blanket collateral agreement with the FHLB by pledging the Company’s portfolio of residential first mortgage loans and investment securities. The Bank's total pledged collateral for FHLB advances had an amortized cost and fair value of $53.6 million and $44.1 million at December 31, 2023 and $70.1 million and $61.1 million at December 31, 2022, respectively. At December 31, 2023 and 2022, the Company had $424.4 million and $388.3 million, respectively, in borrowing capacity at the FHLB based on the collateral value of pledged investment securities and loans. There were no outstanding FHLB advances at December 31, 2023 and 2022. The Company had $119.2 million in outstanding borrowings under the FRB Term Funding Program (“BTFP”) with a weighted average borrowing rate of 4.60% at December 31, 2023 compared to $44.1 million in borrowings from the FRB discount window with a weighted average borrowing rate of 4.50% at December 31, 2022. During the first quarter of 2023, the Company elected to participate in the BTFP, allowing the Company to refinance its existing borrowings from the FRB discount window to receive a lower fixed rate. Advances made under the BTFP are for up to one year and would be extended at the one year overnight index swap ("OIS") rate as of the day the advance is made plus 10 basis points. Effective January 24, 2024, the FRB announced that future advances under the BTFP through its expiration on March 11, 2024 would be no lower than the interest rate on reserve balances in effect on the date the advance is made. The interest rate will be fixed for the term of the advance on the day the advance is made. To determine the rate, the BTFP will use the fixed OIS rate based on the effective federal funds rate for a one-year maturity. Depository institutions may borrow from the FRB discount window for periods as long as 90 days, and borrowings are prepayable and renewable by the borrower daily. At December 31, 2023, the Company had pledged as collateral for these borrowings investment securities with an amortized cost and fair value of $381.0 million and $350.6 million, compared to an amortized cost and fair value of $72.6 million and $69.2 million, respectively, at December 31, 2022. During the third quarter of 2023, the Company entered the FRB’s Borrower-In-Custody ("BIC") program, which allows for the pledging of various loan types to secure FRB borrowings. As of December 31, 2023, the Company had pledged loan collateral for FRB borrowings with an amortized cost and collateral value of $93.5 million and $65.5 million, respectively.

Note 10 - FHLB Advances and FRB Borrowings

12 Months Ended

Dec. 31, 2023

Federal Home Loan Bank Advances, Disclosure [Text Block]

NOTE 10 - FHLB ADVANCES AND FRB BORROWINGS

FHLB advances are secured by a blanket collateral agreement with the FHLB by pledging the Company’s portfolio of residential first mortgage loans and investment securities. The Bank's total pledged collateral for FHLB advances had an amortized cost and fair value of $53.6 million and $44.1 million at December 31, 2023 and $70.1 million and $61.1 million at December 31, 2022, respectively. At December 31, 2023 and 2022, the Company had $424.4 million and $388.3 million, respectively, in borrowing capacity at the FHLB based on the collateral value of pledged investment securities and loans. There were no outstanding FHLB advances at December 31, 2023 and 2022.

The Company had $119.2 million in outstanding borrowings under the FRB Term Funding Program (“BTFP”) with a weighted average borrowing rate of 4.60% at December 31, 2023 compared to $44.1 million in borrowings from the FRB discount window with a weighted average borrowing rate of 4.50% at December 31, 2022. During the first quarter of 2023, the Company elected to participate in the BTFP, allowing the Company to refinance its existing borrowings from the FRB discount window to receive a lower fixed rate. Advances made under the BTFP are for up to one year and would be extended at the one year overnight index swap ("OIS") rate as of the day the advance is made plus 10 basis points. Effective January 24, 2024, the FRB announced that future advances under the BTFP through its expiration on March 11, 2024 would be no lower than the interest rate on reserve balances in effect on the date the advance is made. The interest rate will be fixed for the term of the advance on the day the advance is made. To determine the rate, the BTFP will use the fixed OIS rate based on the effective federal funds rate for a one-year maturity. Depository institutions may borrow from the FRB discount window for periods as long as 90 days, and borrowings are prepayable and renewable by the borrower daily. At December 31, 2023, the Company had pledged as collateral for these borrowings investment securities with an amortized cost and fair value of $381.0 million and $350.6 million, compared to an amortized cost and fair value of $72.6 million and $69.2 million, respectively, at December 31, 2022.

During the third quarter of 2023, the Company entered the FRB’s Borrower-In-Custody ("BIC") program, which allows for the pledging of various loan types to secure FRB borrowings. As of December 31, 2023, the Company had pledged loan collateral for FRB borrowings with an amortized cost and collateral value of $93.5 million and $65.5 million, respectively.