v3.25.2
Note 7 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

Fair Value Measurements Using

     
  

Quoted Prices in Active Markets for Identical Assets (Level 1)

  

Significant Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

  

Fair Value

 

June 30, 2025

                

Securities:

                

Municipal securities

 $  $706  $  $706 

U.S. Treasury Bills and Notes

  432,733         432,733 

Mortgage-backed securities - residential

     2,736      2,736 

Collateralized mortgage obligations - residential

     790      790 
  $432,733  $4,232  $  $436,965 

December 31, 2024

                

Securities:

                

Municipal securities

 $  $706  $  $706 

U.S. Treasury Bills and Notes

  246,290         246,290 

U.S. government-sponsored agencies

     109,773      109,773 

Mortgage-backed securities - residential

     2,911      2,911 

Collateralized mortgage obligations - residential

     850      850 
  $246,290  $114,240  $  $360,530 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

Fair Value Measurement Using

     
  

Quoted Prices in Active Markets for Identical Assets (Level 1)

  

Significant Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

  

Fair Value

 

June 30, 2025

                

Loans individually evaluated

 $  $  $6,345  $6,345 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
  

Fair Value

 

Valuation Technique(s)

 

Significant Unobservable Input(s)

  

Range (Weighted Average)

 

June 30, 2025

            

Loans individually evaluated

 $6,345 

Discounted cash flow

 

Discount applied to projected cash flow

   6.6%
Fair Value, by Balance Sheet Grouping [Table Text Block]
      

Fair Value Measurements at June 30, 2025 Using:

     
  

Carrying Amount

  

Level 1

  

Level 2

  

Level 3

  

Total

 

Financial assets

                    

Cash and cash equivalents

 $112,236  $111,816  $420  $  $112,236 

Interest-bearing time deposits in other financial institutions

  20,273      20,273      20,273 

Securities

  436,965   432,733   4,232      436,965 

Loans receivable, net of allowance for credit losses

  795,963         757,956   757,956 

FHLB and FRB stock

  7,490            N /A 

Accrued interest receivable

  4,824   430   97   4,297   4,824 

Financial liabilities

                    

Certificates of deposit

  255,396      254,158      254,158 

Borrowings

  15,000      15,016      15,016 

Subordinated notes

  18,263      17,205      17,205 
      

Fair Value Measurements at December 31, 2024 Using:

     
  

Carrying Amount

  

Level 1

  

Level 2

  

Level 3

  

Total

 

Financial assets

                    

Cash and cash equivalents

 $84,829  $84,399  $430  $  $84,829 

Interest-bearing time deposits in other financial institutions

  34,156      34,156      34,156 

Securities

  360,530   246,290   114,240      360,530 

Loans receivable, net of allowance for credit losses

  887,586         845,303   845,303 

FHLB and FRB stock

  7,490            N /A 

Accrued interest receivable

  6,401   158   1,452   4,791   6,401 

Financial liabilities

                    

Certificates of deposit

  234,979      233,639      233,639 

Borrowings

  20,000      19,990      19,990 

Subordinated notes

  18,736      17,571      17,571