Note 20 - Fair Value Presentation (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		*December 31, 2024*
*(Dollars in thousands)*		*Level 1*				*Level 2*				*Level 3*				*Total*
*Assets:*
Investment securities available-for-sale:
Collateralized Mortgage Backed		$	—			$	17,193			$	—			$	17,193
Subordinated Debt			—				7,657				250				7,907
Preferred Stock			—				—				453				453
Municipal Securities
Taxable			—				8,201				—				8,201
Tax-exempt			—				19,621				—				19,621
U.S. Government Agencies			—				2,372				—				2,372
Derivative asset – interest rate swap on loans			—				21,715				—				21,715
Total		$	—			$	76,759			$	703			$	77,462
*Liabilities:*
Derivative liability – interest rate swap on loans			—				21,715				—				21,715
Total		$	—			$	21,715			$	—			$	21,715

		*December 31, 2023*
*(Dollars in thousands)*		*Level 1*				*Level 2*				*Level 3*				*Total*
*Assets:*
Investment securities available-for-sale:
Collateralized Mortgage Backed		$	—			$	19,515			$	—			$	19,515
Subordinated Debt			—				8,217				250				8,467
Municipal Securities
Taxable			—				8,307				—				8,307
Tax-exempt			—				20,742				—				20,742
U.S. Government Agencies			—				2,897				—				2,897
Derivative asset – interest rate swap on loans			—				18,569				—				18,569
Total		$	—			$	78,247			$	250			$	78,497
*Liabilities:*
Derivative liability – interest rate swap on loans			—				18,569				—				18,569
Total		$	—			$	18,569			$	—			$	18,569

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

*Reconciliation of Level 3 Inputs*
*Dollars in thousands*		*Subordinated Debt*
December 31, 2023 fair value		$	250
Additions			453
December 31, 2024 fair value		$	703

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

December 31, 2024		*Carrying*				*Estimated*				*Quoted Prices in Active Markets for Identical Assets*				*Significant Other Observable Inputs*				*Significant Unobservable Inputs*
*(Dollars in thousands)*		*Amount*				*Fair Value*				*Level 1*				*Level 2*				*Level 3*
Assets:
Cash and cash equivalents		$	207,708			$	207,708			$	207,708			$	—			$	—
Restricted equity securities			30,623				30,623				—				30,623				—
Securities:
Available-for-sale			55,747				55,747				—				55,747				—
Held-to-maturity			16,078				15,865				—				15,865				—
Loans, net			1,810,556				1,806,846				—				—				1,806,846
Derivative asset – interest rate swap on loans			21,715				21,715				—				21,715				—
Bank owned life insurance			39,507				39,507				—				39,507				—
Accrued interest receivable			9,059				9,059				—				9,059				—
Liabilities:
Deposits		$	1,907,794			$	1,910,018			$	—			$	1,088,506			$	821,512
Subordinated debt, net			73,039				67,239				—				67,239				—
Derivative liability – interest rate swaps on loans			21,715				21,715				—				21,715				—
Accrued interest payable			3,362				3,362				—				3,362				—

December 31, 2023		*Carrying*				*Estimated*				*Quoted Prices in Active Markets for Identical Assets*				*Significant Other Observable Inputs*				*Significant Unobservable Inputs*
*(Dollars in thousands)*		*Amount*				*Fair Value*				*Level 1*				*Level 2*				*Level 3*
Assets:
Cash and cash equivalents		$	114,513			$	114,513			$	114,513			$	—			$	—
Restricted equity securities			24,356				24,356				—				24,356				—
Securities:
Available-for-sale			59,928				59,928				—				59,928				—
Held-to-maturity			17,275				17,163				—				17,163				—
Loans, net			1,705,137				1,701,418				—				—				1,701,418
Derivative asset – interest rate swap on loans			18,569				18,569				—				18,569				—
Bank owned life insurance			38,318				38,318				—				38,318				—
Accrued interest receivable			10,725				10,725				—				10,725				—
Liabilities:
Deposits		$	1,686,127			$	1,685,487			$	—			$	989,791			$	695,696
Subordinated debt, net			72,642				56,513				—				56,513				—
Federal funds purchased			15,000				14,968				—				—				14,968
Derivative liability – interest rate swaps on loans			18,569				18,569				—				18,569				—
Accrued interest payable			2,845				2,845				—				2,845				—

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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