v3.25.3
Note 7 - Fair Value (Tables)
9 Months Ended
Sep. 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

 

September 30, 2025

                

Securities:

                

Municipal securities

 $  $707  $  $707 

U.S. Treasury Bills and Notes

  533,354         533,354 

Mortgage-backed securities - residential

     2,681      2,681 

Collateralized mortgage obligations - residential

     761      761 
  $533,354  $4,149  $  $537,503 

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

 

September 30, 2025

                

Loans individually evaluated

 $  $  $6,346  $6,346 
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)

 

September 30, 2025

            

Loans individually evaluated

 $6,346 

Discounted cash flow

 

Discount applied to projected cash flow

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

Fair Value Measurements at September 30, 2025 Using:

     
  

Carrying Amount

  

Level 1

  

Level 2

  

Level 3

  

Total

 

Financial assets

                    

Cash and cash equivalents

 $82,742  $82,270  $472  $  $82,742 

Interest-bearing time deposits in other financial institutions

  11,844      11,844      11,844 

Securities

  537,503   533,354   4,149      537,503 

Loans receivable, net of allowance for credit losses

  759,832         728,297   728,297 

FHLB and FRB stock

  7,490            N /A 

Accrued interest receivable

  4,514   434   144   3,936   4,514 

Financial liabilities

                    

Certificates of deposit

  261,860      261,003      261,003 

Borrowings

  10,000      10,027      10,027 

Subordinated notes

  18,274      17,390      17,390 
      

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