v3.25.4
Note 3 - Investment Securities (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Debt Securities, Available-for-Sale [Table Text Block]
  

December 31, 2024

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair Value

 

Collateralized Mortgage Backed

 $21,298  $  $(4,105) $17,193 

Subordinated Debt

  8,971      (1,064)  7,907 

Preferred Stock

  453         453 

Municipal Securities

                

Taxable

  10,623      (2,422)  8,201 

Tax-exempt

  22,024      (2,403)  19,621 

U.S. Governmental Agencies

  2,392   4   (24)  2,372 

Total

 $65,761  $4  $(10,018) $55,747 
  

December 31, 2023

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair Value

 

Collateralized Mortgage Backed

 $23,446  $  $(3,931) $19,515 

Subordinated Debt

  9,970      (1,503)  8,467 

Municipal Securities

                

Taxable

  10,649      (2,342)  8,307 

Tax-exempt

  22,668   23   (1,949)  20,742 

U.S. Governmental Agencies

  2,932   3   (38)  2,897 

Total

 $69,665  $26  $(9,763) $59,928 
Debt Securities, Held-to-Maturity [Table Text Block]
  

December 31, 2024

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair Value

 

Municipal Securities

                

Tax-exempt

 $13,578  $1  $(200) $13,379 

Subordinated Debt

  2,500      (14)  2,486 

Total

 $16,078  $1  $(214) $15,865 
  

December 31, 2023

 

(Dollars in thousands)

 

Amortized Cost

  

Gross Unrealized Gains

  

Gross Unrealized Losses

  

Fair Value

 

Municipal Securities

                

Tax-exempt

 $14,775  $19  $(121) $14,673 

Subordinated Debt

  2,500      (10)  2,490 

Total

 $17,275  $19  $(131) $17,163 
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block]

(Dollars in thousands)

 

Municipal Securities

  

Subordinated Debt

  

Total HTM securities

 

December 31, 2024

            

Credit Rating:

            

AAA/AA/A

 $13,578  $  $13,578 

Not Rated - Non Agency

     2,500  $2,500 

Total

 $13,578  $2,500  $16,078 

December 31, 2023

            

Credit Rating:

            

AAA/AA/A

 $14,775  $  $14,775 

Not Rated - Non Agency

     2,500   2,500 

Total

 $14,775  $2,500  $17,275 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

December 31, 2024

 
  

Available-for-Sale

  

Held-to-Maturity

 

(Dollars in thousands)

 

Amortized Cost

  

Fair Value

  

Amortized Cost

  

Fair Value

 

Due in one year or less

 $1,000  $993  $370  $370 

Due from one to five years

        4,017   3,973 

Due from after five to ten years

  14,430   12,997   5,945   5,886 

Due after ten years

  50,331   41,757   5,746   5,636 

Total

 $65,761  $55,747  $16,078  $15,865 
  

December 31, 2024

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 

(Dollars in thousands)

 

Estimated Fair Value

  

Unrealized Loss

  

Estimated Fair Value

  

Unrealized Loss

  

Estimated Fair Value

  

Unrealized Loss

 

Available-for-sale:

                        

Collateralized Mortgage Backed

 $  $  $17,105  $(4,105) $17,105  $(4,105)

Subordinated Debt

  215   (35)  7,191   (1,029)  7,406   (1,064)

Municipal Securities

                        

Taxable

        8,201   (2,422)  8,201   (2,422)

Tax-exempt

  2,658   (36)  16,593   (2,367)  19,251   (2,403)

U.S Governmental Agencies

        614   (24)  614   (24)

Total

 $2,873  $(71) $49,704  $(9,947) $52,577  $(10,018)
  

December 31, 2023

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 

(Dollars in thousands)

 

Fair Value

  

Unrealized Loss

  

Fair Value

  

Unrealized Loss

  

Fair Value

  

Unrealized Loss

 

Available-for-sale:

                        

Collateralized Mortgage Backed

 $  $  $19,440  $(3,931) $19,440  $(3,931)

Subordinated Debt

        7,717   (1,503)  7,717   (1,503)

Municipal Securities

                        

Taxable

        8,307   (2,342)  8,307   (2,342)

Tax-exempt

  1,986   (34)  16,510   (1,915)  18,496   (1,949)

U.S Government Agencies

  1,515   (1)  845   (37)  2,360   (38)

Total

 $3,501  $(35) $52,819  $(9,728) $56,320  $(9,763)