Note 6 - Fair value Measurements (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 at Reporting Date Using*
						*Quoted Prices*				*Significant*
						*in Active*				*Other*				*Significant*
						*Markets for*				*Observable*				*Unobservable*
						*Identical Assets*				*Inputs*				*Inputs*
		*Total*				*Level 1*				*Level 2*				*Level 3*
						(in thousands)
June 30, 2025
Assets:
Available-for-sale securities
Mortgage-backed securities		$	6,577			$	—			$	6,577			$	—
Collateralized mortgage obligation			2,967				—				2,967				—
Corporate bonds			10,494				—				10,494				—
Derivative instruments			3				—				3				—
Total assets measured at fair value on a recurring basis		$	20,041			$	—			$	20,041			$	—

Liabilities:
Derivative instruments		$	1,693			$	—			$	1,693			$	—
Total liabilities measured at fair value on a recurring basis		$	1,693			$	—			$	1,693			$	—

December 31, 2024
Assets:
Available-for-sale securities
Mortgage-backed securities		$	4,126			$	—			$	4,126			$	—
Collateralized mortgage obligation			1,438				—				1,438				—
Corporate bonds			1,000				—				1,000				—
Derivative instruments			557				—				557				—
Total assets measured at fair value on a recurring basis		$	7,121			$	—			$	7,121			$	—

Liabilities:
Derivative instruments		$	173			$	—			$	173			$	—
Total liabilities measured at fair value on a recurring basis		$	173			$	—			$	173			$	—

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

		*June 30, 2025*
		*Carrying*				*Fair*
		*Amount*				*Value*				*Level 1*				*Level 2*				*Level 3*
						(in thousands)
Financial assets:
Cash and cash equivalents		$	98,662			$	98,662			$	98,662			$	—			$	—
Held-to-maturity securities			66,845				62,547				—				62,547				—
Federal Home Loan Bank stock			11,302				11,302				—				11,302				—
Loans, net			1,281,741				1,234,293				—				—				1,234,293
Loans held for sale			1,504				1,504				—				1,504				—
Accrued interest receivable			4,775				4,775			$	4,775				—				—
Bank-owned life insurance			15,178				15,178				—				15,178				—

Financial liabilities:
Deposits, other than certificates of deposit		$	411,122			$	411,122			$	—			$	411,122			$	—
Certificates of deposit			656,316				656,799				—				656,799				—
Federal Home Loan Bank advances			264,815				265,893				—				265,893				—
Accrued interest payable			1,839				1,839				1,839				—				—

		December 31, 2024
		Carrying				Fair
		Amount				Value				Level 1				Level 2				Level 3
						(in thousands)
Financial assets:
Cash and cash equivalents		$	157,617			$	157,617			$	157,617			$	—			$	—
Interest-bearing time deposits			100				100				—				100				—
Held-to-maturity securities			73,215				67,505				—				67,505				—
Federal Home Loan Bank stock			10,000				10,000				—				10,000				—
Loans, net			1,136,449				1,079,916				—				—				1,079,916
Accrued interest receivable			4,015				4,015				4,015				—				—
Bank-owned life insurance			14,945				14,945				—				14,945				—

Financial liabilities:
Deposits, other than certificates of deposit		$	393,018			$	393,018			$	—			$	393,018			$	—
Certificates of deposit			605,515				606,387				—				606,387				—
Federal Home Loan Bank advances			234,000				232,027				—				232,027				—
Accrued interest payable			2,207				2,207				2,207				—				—