v3.25.2
Note 9 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
  

Fair Value Measurements at Reporting Date Using

 
          

Significant

  

Significant

 
          

Other Observable

  

Unobservable

 
          

Inputs

  

Inputs

 

(In thousands)

 

Total

  

Level 1

  

Level 2

  

Level 3

 

June 30, 2025

                

State and municipal securities

 $10,170  $  $10,170  $ 

Asset-backed securities

  7,013      7,013    

Government mortgage-backed securities

  7,351      7,351    

Total

 $24,534  $  $24,534  $ 
                 

December 31, 2024

                

State and municipal securities

 $10,551  $  $10,551  $ 

Asset-backed securities

  7,216      7,216    

Government mortgage-backed securities

  7,926      7,926    

Total

 $25,693  $  $25,693  $ 
Fair Value Measurements, Nonrecurring [Table Text Block]
  

Fair Value Measurements at Reporting Date Using:

 
      

Quoted Prices in

  

Significant

  

Significant

 
      

Active Markets for

  

Other Observable

  

Unobservable

 
      

Identical Assets

  

Inputs

  

Inputs

 

(In thousands)

 

Total

  

Level 1

  

Level 2

  

Level 3

 

June 30, 2025

                

Loans

                

Enterprise value

 $6,806  $  $  $6,806 

Total

 $6,806  $  $  $6,806 
                 

December 31, 2024

                

Loans

                

Enterprise value

 $7,471  $  $  $7,471 

Total

 $7,471  $  $  $7,471 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

(In thousands)

 

Fair Value

  

Valuation Technique

 

Unobservable Input

 

Range

 

June 30, 2025

            

Loans

            

Enterprise value

 $6,806  

Business valuation

 

Market assumptions

  0% - 5% 
             

December 31, 2024

            

Loans

            

Enterprise value

 $7,471  

Business valuation

 

Market assumptions

  0% - 5% 
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

Carrying

  

Fair Value

 

(In thousands)

 

Amount

  

Level 1

  

Level 2

  

Level 3

  

Total

 

June 30, 2025

                    

Financial assets:

                    

Cash and cash equivalents

 $128,909  $128,909  $  $  $128,909 

Available-for-sale debt securities

  24,534      24,534      24,534 

Federal Home Loan Bank of Boston stock

  2,242   N/A   N/A   N/A   N/A 

Loans, net

  1,293,469         1,269,988   1,269,988 

Accrued interest receivable

  4,877      4,877      4,877 

Financial liabilities:

                    

Deposits

  1,257,978      1,258,464      1,258,464 

Borrowings

  34,495      33,560      33,560 
                     

December 31, 2024

                    

Financial assets:

                    

Cash and cash equivalents

 $169,142  $169,142  $  $  $169,142 

Available-for-sale debt securities

  25,693      25,693      25,693 

Federal Home Loan Bank of Boston stock

  2,697   N/A   N/A   N/A   N/A 

Loans, net

  1,305,508         1,272,387   1,272,387 

Accrued interest receivable

  5,296      5,296      5,296 

Assets held for sale

  2,256      2,950      2,950 

Financial liabilities:

                    

Deposits

  1,308,960      1,309,492      1,309,492 

Borrowings

  44,563      43,492      

43,492