v3.26.1
Note 6 - Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
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)

     

March 31, 2026

                

Assets:

                

Available-for-sale securities

                

Mortgage-backed securities

 $6,337  $  $6,337  $ 

Collateralized mortgage obligations

  12,235      12,235    

Corporate bonds

  18,494      18,494    

Derivative instruments

  266      266    

Total assets measured at fair value on a recurring basis

 $37,332  $  $37,332  $ 
                 

Liabilities:

                

Derivative instruments

  831  $  $831  $ 

Total liabilities measured at fair value on a recurring basis

 $831  $  $831  $ 
                 

December 31, 2025

                

Assets:

                

Available-for-sale securities

                

Mortgage-backed securities

 $6,459  $  $6,459  $ 

Collateralized mortgage obligations

  10,948      10,948    

Corporate bonds

  16,910      16,910    

Derivative instruments

  2      2    

Total assets measured at fair value on a recurring basis

 $34,319  $  $34,319  $ 
                 

Liabilities:

                

Derivative instruments

 $1,603  $  $1,603  $ 

Total liabilities measured at fair value on a recurring basis

 $1,603  $  $1,603  $ 
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
  

March 31, 2026

 
  

Carrying

  

Fair

             
  

Amount

  

Value

  

Level 1

  

Level 2

  

Level 3

 
      

(in thousands)

     

Financial assets:

                    

Cash and cash equivalents

 $111,291  $111,291  $111,291  $  $ 

Interest-bearing time deposits

  11,497   11,497      11,497    

Held-to-maturity securities

  51,624   48,044      48,044    

Federal Home Loan Bank stock

  11,142   11,142      11,142    

Loans, net

  1,391,489   1,357,510         1,357,510 

Accrued interest receivable

  5,329   5,329   5,329       
                     

Financial liabilities:

                    

Deposits, other than certificates of deposit

 $403,784  $403,784  $  $403,784  $ 

Certificates of deposit

  795,611   796,149      796,149    

Federal Home Loan Bank advances

  260,815   261,638      261,638    

Accrued interest payable

  1,578   1,578   1,578       
  

December 31, 2025

 
  

Carrying

  

Fair

             
  

Amount

  

Value

  

Level 1

  

Level 2

  

Level 3

 
      

(in thousands)

     

Financial assets:

                    

Cash and cash equivalents

 $86,922  $86,922  $86,922  $  $ 

Interest-bearing time deposits

  7,998   7,998      7,998    

Held-to-maturity securities

  55,764   52,326      52,326    

Federal Home Loan Bank stock

  11,852   11,852      11,852    

Loans held-for-sale

  357   357      357    

Loans, net

  1,371,819   1,343,233         1,343,233 

Accrued interest receivable

  5,214   5,214   5,214       
                     

Financial liabilities:

                    

Deposits, other than certificates of deposit

 $404,033  $404,033  $  $404,033  $ 

Certificates of deposit

  728,311   730,175      730,175    

Federal Home Loan Bank advances

  284,815   286,754      286,754    

Accrued interest payable

  1,905   1,905   1,905