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Note 13 - Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2024
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

September 30, 2024

  

December 31, 2023

 

Dollars in thousands

 

Level 1

  

Level 2

  

Level 3

  

Level 1

  

Level 2

  

Level 3

 

Student Loan Pools

 $  $40,815  $  $  $50,366  $ 

SBA Bonds

     69,894         76,753    

Tax Exempt Municipal Bonds

     6,180         21,236    

Taxable Municipal Bonds

     55,217         53,115    

MBS

     362,097         336,170    

Total

 $  $534,203  $  $  $537,640  $ 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

September 30, 2024

 

Assets (Dollars in thousands):

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Mortgage Loans Held For Sale

 $  $1,649  $  $1,649 

Collateral Dependent Loans

        4,846   4,846 

Land Held for Sale

        938   938 

Total

 $  $1,649  $5,784  $7,433 
  

December 31, 2023

 

Assets (Dollars in thousands):

 

Level 1

  

Level 2

  

Level 3

  

Total

 

Mortgage Loans Held For Sale

 $  $967  $  $967 

Collateral Dependent Loans

        5,210   5,210 

Land Held for Sale

        938   938 

Total

 $  $967  $6,148  $7,115 
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, 2024 

December 31, 2023

Land Held for SaleAppraised Value/Comparable SalesDiscounts 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

10%

-

12%

 

10% - 12%

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

September 30, 2024

 

Carrying

  

Fair Value

 
  

Amount

  

Total

  

Level 1

  

Level 2

  

Level 3

 

Financial Assets:

 

(Dollars in thousands)

 

Cash and Cash Equivalents

 $132,376  $132,376  $132,376  $  $ 

Certificates of Deposits with Other Banks

  2,350   2,350      2,350    

AFS Securities

  534,203   534,203      534,203    

HTM Securities

  137,851   135,502      135,502    

Loans Receivable, Net

  685,059   681,702         681,702 

FHLB Stock

  1,089   1,089   1,089       

Financial Liabilities:

                    

Deposits:

                    

Checking, Savings & Money Market Accounts

 $954,434  $954,434  $954,434  $  $ 

Certificates of Deposits

  302,880   303,396      303,396    

Borrowings from FRB

  65,000   65,042   65,042       

Other Borrowed Money

  24,323   24,323   24,323       

Subordinated Debentures

  26,500   23,798      23,798    

Junior Subordinated Debentures

  5,155   5,155      5,155    

December 31, 2023

 

Carrying

  

Fair Value

 
  

Amount

  

Total

  

Level 1

  

Level 2

  

Level 3

 

Financial Assets:

 

(Dollars in thousands)

 

Cash and Cash Equivalents

 $128,284  $128,284  $128,284  $  $ 

Certificates of Deposits with Other Banks

  2,350   2,350      2,350    

AFS Securities

  537,640   537,640      537,640    

HTM Securities

  163,072   158,540      158,540    

Loans Receivable, Net

  621,562   610,410         610,410 

FHLB Stock

  922   922   922       

Financial Liabilities:

                    

Deposits:

                    

Checking, Savings & Money Market Accounts

 $964,247  $964,247  $964,247  $  $ 

Certificates of Deposits

  230,750   229,278      229,278    

Borrowings from FRB

  119,200   118,926   118,926       

Other Borrowed Money

  19,180   19,180   19,180       

Subordinated Debentures

  26,500   23,036      23,036    

Junior Subordinated Debentures

  5,155   5,155      5,155