v3.26.1
Note 6 - 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]
                 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

(in thousands)

     

Identical Assets

  

Inputs

  

Inputs

 

June 30, 2026

 

Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

U.S. Treasury securities

 $87,649  $87,649  $  $ 

Securities of U.S. government agencies and corporations

  89,601      89,601    

Obligations of states and political subdivisions

  73,908      73,908    

Collateralized mortgage obligations

  96,060      96,060    

Mortgage-backed securities

  271,713      271,713    

Total investments at fair value

 $618,931  $87,649  $531,282  $ 
                 
      

Quoted Prices

  

Significant

     
      

in Active

  

Other

  

Significant

 
      

Markets for

  

Observable

  

Unobservable

 

(in thousands)

     

Identical Assets

  

Inputs

  

Inputs

 

December 31, 2025

 

Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

U.S. Treasury securities

 $87,556  $87,556  $  $ 

Securities of U.S. government agencies and corporations

  85,344      85,344    

Obligations of states and political subdivisions

  75,003      75,003    

Collateralized mortgage obligations

  92,284      92,284    

Mortgage-backed securities

  277,056      277,056    

Total investments at fair value

 $617,243  $87,556  $529,687  $ 
Fair Value Measurements, Nonrecurring [Table Text Block]
                 

(in thousands)

 

Carrying

             

June 30, 2026

 

Value

  

Level 1

  

Level 2

  

Level 3

 

Collateral dependent loans

 $795  $  $  $795 

Total assets at fair value

 $795  $  $  $795 
                 

(in thousands)

 

Carrying

             

December 31, 2025

 

Value

  

Level 1

  

Level 2

  

Level 3

 

Collateral dependent loans

 $835  $  $  $835 

Total assets at fair value

 $835  $  $  $835 
Fair Value, by Balance Sheet Grouping [Table Text Block]
      

June 30, 2026

  

December 31, 2025

 
      

Carrying

  

Fair

  

Carrying

  

Fair

 
  

Level

  

amount

  

value

  

amount

  

value

 

(in thousands)

                    

Financial assets:

                    

Cash and cash equivalents

  1  $113,435  $113,435  $145,554  $145,554 

Certificates of deposit

  2   10,863   10,871   10,180   10,243 

Stock in Federal Home Loan Bank and other equity securities

  3   10,871   10,871   10,871   10,871 

Loans receivable:

                    

Net loans

  3   1,092,098   1,027,489   1,050,473   990,239 

Interest receivable

  2   8,057   8,057   7,348   7,348 

Mortgage servicing rights

  3   1,101   1,840   1,159   1,748 

Financial liabilities:

                    

Time deposits

  3   137,200   137,130   141,661   141,713 

Interest payable

  2   580   580   724   724