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Note 16 - Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Derivatives Not Designated as Hedging Instruments [Table Text Block]

December 31, 2023

     
 

Asset derivatives

  

Liability derivatives

 

(Dollars in thousands)

Statement of Financial Condition classification

 

Fair value

  

Statement of Financial Condition classification

  

Fair value

 

Interest rate swap contracts

Other assets

 $5,591  

Other liabilities

  $5,591 

Interest rate lock commitments

Other assets

  35  N/A   - 

Total

 $5,626      $5,591 

December 31, 2022

     
 

Asset derivatives

  

Liability derivatives

 

(Dollars in thousands)

Statement of Financial Condition classification

 

Fair value

  

Statement of Financial Condition classification

  

Fair value

 

Interest rate swap contracts

Other assets

 $8,972  

Other liabilities

  $8,972 

Interest rate lock commitments

Other assets

  38  N/A   - 

Total

 $9,010      $8,972 
   

Year-ended

 

(Dollars in thousands)

Statement of Income Classification

 

2023

  

2022

 

Interest rate swap contracts

Fees and service charges

 $387  $267 

Interest rate lock commitments

Gain on sale of loans held-for-sale, net

  (3)  (103)

Total

 $384  $164 
Offsetting Assets [Table Text Block]
              Gross Amounts not Offset in the     
              

Statement of Financial Condition

     
  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Assets Presented

      

Cash Collateral

     

(Dollars in thousands)

 

Recognized Assets

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Financial Instruments

  

Received

  

Net Amount

 

December 31, 2023

                        

Interest rate swap contracts

 $5,591  $-  $5,591  $-  $4,050  $1,541 

Interest rate lock commitments

  35   -   35   -   -   35 

Total

 $5,626  $-  $5,626  $-  $4,050  $1,576 
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Liabilities Presented

      

Cash Collateral

     

(Dollars in thousands)

 

Recognized Liabilities

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Financial Instruments

  

Received

  

Net Amount

 

December 31, 2022

                        

Interest rate swap contracts

 $8,972  $-  $8,972  $-  $-  $8,972 

Interest rate lock commitments

  38   -   38   -   -   38 

Total

 $9,010  $-  $9,010  $-  $-  $9,010 
Offsetting Liabilities [Table Text Block]
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Liabilities Presented

      

Cash Collateral

     

(Dollars in thousands)

 

Recognized Liabilities

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Financial Instruments

  

Pledged

  

Net Amount

 

December 31, 2023

                        

Interest rate swap contracts

 $5,591  $-  $5,591  $-  $-  $5,591 

Total

 $5,591  $-  $5,591  $-  $-  $5,591 
              

Gross Amounts not Offset in the

     
              

Statement of Financial Condition

     
  

Gross Amounts of

  

Gross Amounts Offset in the

  

Net Amounts of Liabilities Presented

      

Cash Collateral

     

(Dollars in thousands)

 

Recognized Liabilities

  

Statement of Financial Condition

  

in the Statement of Financial Condition

  

Financial Instruments

  

Pledged

  

Net Amount

 

December 31, 2022

                        

Interest rate swap contracts

 $8,972  $-  $8,972  $-  $3,930  $5,042 

Total

 $8,972  $-  $8,972  $-  $3,930  $5,042