v3.26.1
Note 11 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements Using

 
                 
  

June 30, 2026

  

Level 1

  

Level 2

  

Level 3

 
  

(In Thousands)

 

Assets

                

Available for sale securities

                

Mortgage-backed securities

 $9,349  $-  $9,349  $- 

Collateralized mortgage obligations

                

Government sponsored enterprise issued

  152,622   -   152,622   - 

Private-label issued

  5,027   -   5,027   - 

Municipal securities

  60,925   -   60,925   - 

Other debt securities

  9,425   -   9,425   - 

Loans held for sale

  151,688   -   151,688   - 

Mortgage banking derivative assets

  1,066   -   -   1,066 

Interest rate swap assets

  8,432   -   8,432   - 

Liabilities

                

Mortgage banking derivative liabilities

  306   -   -   306 

Interest rate swap liabilities

  8,432   -   8,432   - 
      

Fair Value Measurements Using

 
                 
  

December 31, 2025

  

Level 1

  

Level 2

  

Level 3

 
  

(In Thousands)

 

Assets

                

Available for sale securities

                

Mortgage-backed securities

 $10,113  $-  $10,113  $- 

Collateralized mortgage obligations

                

Government sponsored enterprise issued

  152,309   -   152,309   - 

Private-label issued

  5,519   -   5,519   - 

Municipal securities

  54,107   -   54,107   - 

Other debt securities

  8,800   -   8,800   - 

Loans held for sale

  145,057   -   145,057   - 

Mortgage banking derivative assets

  650   -   -   650 

Interest rate swap assets

  7,660   -   7,660   - 

Liabilities

                

Mortgage banking derivative liabilities

  251   -   -   251 

Interest rate swap liabilities

  7,660   -   7,660   - 
                 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  

Three months ended June 30,

  

Six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 
  

(In Thousands)

  

(In Thousands)

 
                 

Mortgage derivative, net balance at the beginning of the period

 $1,318  $595  $399  $851 

Mortgage derivative (loss) gain, net

  (558)  (260)  361   (516)

Mortgage derivative, net balance at the end of the period

 $760  $335  $760  $335 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

Fair Value Measurements Using

 
  

June 30, 2026

  

Level 1

  

Level 2

  

Level 3

 
  

(In Thousands)

 

Real estate owned

 $318  $-  $-  $318 
      

Fair Value Measurements Using

 
  

December 31, 2025

  

Level 1

  

Level 2

  

Level 3

 
  

(In Thousands)

 

Real estate owned

 $424  $-  $-  $424 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
         

Significant Unobservable Input Value

 
  Fair Value at   

Significant

         
  

June 30,

 

Valuation

 

Unobservable

 

Minimum

  

Maximum

  

Weighted

 
  

2026

 

Technique

 

Inputs

 

Value

  

Value

  

Average

 
   (Dollars in Thousands)                

Mortgage banking derivatives

 $760 

Pricing models

 

Pull through rate

  71.0%  100.0%  89.6%

Real estate owned

  318 

Market approach

 

Discount rates applied to appraisals

  30.8%  30.8%  30.8%
                    
   December 31,                
   2025                

Mortgage banking derivatives

 $399 

Pricing models

 

Pull through rate

  69.1%  99.6%  87.6%

Real estate owned

  424 

Market approach

 

Discount rates applied to appraisals

  14.1%  57.1%  32.3%
                    
                    
                    
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

June 30, 2026

  

December 31, 2025

 
  

Carrying

  

Fair Value

  

Carrying

  

Fair Value

 
  

amount

  

Total

  

Level 1

  

Level 2

  

Level 3

  

amount

  

Total

  

Level 1

  

Level 2

  

Level 3

 
  

(In Thousands)

 

Financial Assets

                                        

Cash and cash equivalents

 $38,201  $38,201  $38,201  $-  $-  $71,107  $71,107  $71,107  $-  $- 

Loans receivable

  1,683,881   1,661,155   -   -   1,661,155   1,675,552   1,632,248   -   -   1,632,248 

FHLB stock

  19,226   19,226   19,226   -   -   19,804   19,804   19,804   -   - 

Accrued interest receivable

  8,151   8,151   8,151   -   -   8,331   8,331   8,331   -   - 

Mortgage servicing rights

  1,142   1,533   -   -   1,533   1,030   1,294   -   -   1,294 
                                         

Financial Liabilities

                                        

Deposits

  1,420,981   1,420,692   525,553   895,139   -   1,437,272   1,436,939   504,626   932,313   - 

Advance payments by borrowers for taxes

  18,772   18,772   18,772   -   -   2,996   2,996   2,996   -   - 

Borrowings

  412,000   409,621   -   409,621   -   412,258   408,434   -   408,434   - 

Accrued interest payable

  4,107   4,107   4,107   -   -   3,558   3,558   3,558   -   -