v3.25.2
Note 10 - Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

June 30, 2025

 
  

Level 1

  

Level 2

  

Level 3

  

Total Fair

 
  

Inputs

  

Inputs

  

Inputs

  

Value

 
  

(In Thousands)

 

Financial assets:

                

Available-for-sale securities:

                

U.S. government and agency obligations

 $-  $4,549  $-  $4,549 

U.S. treasury obligations

  44,422   -   -   44,422 

Municipal obligations

  -   114,822   -   114,822 

Corporate obligations

  -   3,148   -   3,148 

Mortgage-backed securities

  -   27,706   -   27,706 

Collateralized mortgage obligations

  -   83,202   -   83,202 

Asset-backed securities

  -   7,174   -   7,174 

Loans held-for-sale

  -   13,651   -   13,651 

Interest rate lock commitments

  -   -   17   17 

Financial liabilities:

                

Forward TBA mortgage-backed securities

  -   140   -   140 
  

December 31, 2024

 
  

Level 1

  

Level 2

  

Level 3

  

Total Fair

 
  

Inputs

  

Inputs

  

Inputs

  

Value

 
  

(In Thousands)

 

Financial assets:

                

Available-for-sale securities:

                

U.S. government and agency obligations

 $-  $5,195  $-  $5,195 

U.S. treasury obligations

  46,913   -   -   46,913 

Municipal obligations

  -   117,877   -   117,877 

Corporate obligations

  -   4,162   -   4,162 

Mortgage-backed securities

  -   28,235   -   28,235 

Collateralized mortgage obligations

  -   82,623   -   82,623 

Asset-backed securities

  -   7,585   -   7,585 

Loans held-for-sale

  -   13,368   -   13,368 

Forward TBA mortgage-backed securities

  -   142   -   142 

Financial liabilities:

                

Interest rate lock commitments

  -   -   103   103 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

June 30, 2025

 
  

Level 1

  

Level 2

  

Level 3

  

Total Fair

 
  

Inputs

  

Inputs

  

Inputs

  

Value

 
  

(In Thousands)

 

Collateral-dependent loans individually evaluated, net of ACL

 $-  $-  $43  $43 
  

December 31, 2024

 
  

Level 1

  

Level 2

  

Level 3

  

Total Fair

 
  

Inputs

  

Inputs

  

Inputs

  

Value

 
  

(In Thousands)

 

Collateral-dependent loans individually evaluated, net of ACL

 $-  $-  $96  $96 
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  As of or For the  As of or For the 
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 
  

Interest Rate Lock Commitments

  

Interest Rate Lock Commitments

 
  

(In Thousands)

  

(In Thousands)

 

Beginning balance

 $(28) $(63) $(103) $15 

Purchases and issuances

  (10)  (254)  (28)  (395)

Sales and settlements

  55   226   148   289 

Ending balance

 $17  $(91) $17  $(91)

Unrealized gains (losses) related to items held at end of period

 $45  $(28) $120  $(106)
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

June 30, 2025

 
              

Total

     
  

Level 1

  

Level 2

  

Level 3

  

Estimated

  

Carrying

 
  

Inputs

  

Inputs

  

Inputs

  

Fair Value

  

Amount

 
  

(In Thousands)

 

Financial assets:

                    

Cash and cash equivalents

 $26,928  $-  $-  $26,928  $26,928 

FHLB stock

  -   7,000   -   7,000   7,000 

FRB stock

  -   4,131   -   4,131   4,131 

Loans receivable, gross

  -   -   1,529,008   1,529,008   1,569,662 

Mortgage servicing rights

  -   -   20,318   20,318   15,120 

Financial liabilities:

                    

Non-maturing interest-bearing deposits

  -   861,302   -   861,302   861,302 

Time certificates of deposit

  -   -   457,784   457,784   459,299 

FHLB advances and other borrowings

  -   -   119,491   119,491   119,407 

Other long-term debt

  -   -   59,031   59,031   60,155 
  

December 31, 2024

 
              

Total

     
  

Level 1

  

Level 2

  

Level 3

  

Estimated

  

Carrying

 
  

Inputs

  

Inputs

  

Inputs

  

Fair Value

  

Amount

 
  

(In Thousands)

 

Financial assets:

                    

Cash and cash equivalents

 $31,559  $-  $-  $31,559  $31,559 

FHLB stock

  -   7,778   -   7,778   7,778 

FRB stock

  -   4,131   -   4,131   4,131 

Loans receivable, gross

  -   -   1,466,511   1,466,511   1,520,646 

Mortgage servicing rights

  -   -   20,370   20,370   15,376 

Financial liabilities:

                    

Non-maturing interest-bearing deposits

  -   799,142   -   799,142   799,142 

Time certificates of deposit

  -   -   461,254   461,254   462,875 

FHLB advances and other borrowings

  -   -   141,057   141,057   140,930 

Other long-term debt

  -   -   58,024   58,024   60,155 
Impaired Loans and Real Estate and Other Repossessed Assets [Member]  
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

Principal

 

Significant

 

Range of

 
  

Valuation

 

Unobservable

 

Significant Input

 

Instrument

 

Technique

 

Inputs

 

Values

 
        

Collateral-dependent loans individually evaluated

 

Fair value of underlying collateral

 

Discount applied to the obtained appraisal

 

10 - 30%

 

Real estate and other repossessed assets

 

Fair value of collateral

 

Discount applied to the obtained appraisal

 

10 - 30%

 

Interest rate lock commitments

 

Internal pricing model

 

Pull-through expectations

 

85 - 96%