v3.25.2
Note 13 - Derivatives and Hedging Activities - Derivatives (Details) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Asset-Backed Securities [Member]    
Derivative, fair value $ 1,000,000 $ 220,000
Closed Portfolio of Loans Receivable [Member]    
Derivative, fair value 861,000 (188,000)
Designated as Hedging Instrument [Member]    
Derivative, carrying amount 151,872,000 150,032,000
Derivative, fair value 1,872,000 32,000
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Asset-Backed Securities [Member]    
Derivative, carrying amount [1] 51,011,000 50,220,000
Derivative, fair value [1] 1,011,000 220,000
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Closed Portfolio of Loans Receivable [Member]    
Derivative, carrying amount [2] 100,861,000 99,812,000
Derivative, fair value [2] $ 861,000 $ (188,000)
[1] These amounts include the amortized cost basis of a closed portfolio of AFS securities used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. At March 31, 2025 and December 31, 2024, the amortized cost basis of the closed portfolio used in this hedging relationship was $56.5 million and $56.7 million, respectively; the cumulative basis adjustments associated with this hedging relationship was $760,000 and $220,000, respectively; and the amount of the designated hedged items was $50.0 million for both periods.
[2] These amounts include the amortized cost basis of a closed portfolio of loans receivable used to designate hedging relationships in which the hedged item is the stated amount of assets in the closed portfolio anticipated to be outstanding for the designated hedged period. At March 31, 2025 and December 31, 2024, the amortized cost basis of the closed portfolio used in this hedging relationship was $251.3 million and $258.1 million, respectively; the cumulative basis adjustments associated with this hedging relationship was $566,000 and ($188,000), respectively; and the amount of the designated hedged items was $100.0 million. for both periods.