v3.26.1
Note 9 - 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]

Financial Assets

At June 30, 2026

Securities available-for-sale:

Level 1

Level 2

Level 3

Total

U.S. agency securities

$

$

18,032

$

$

18,032

Corporate securities

15,498

15,498

Municipal bonds

70,120

70,120

Mortgage-backed securities

156,758

156,758

Asset-backed securities

9,052

9,052

Mortgage loans held for sale, at fair value

30,548

30,548

Loans receivable, at fair value

13,159

13,159

Derivatives:

Mandatory and best effort forward commitments with investors

7

7

Interest rate lock commitments with customers

616

616

Interest rate swaps - cash flow and fair value hedges

4,362

4,362

Interest rate swaps - dealer offsets to customer swap positions

49

49

Total assets measured at fair value

$

$

317,578

$

623

$

318,201

Financial Liabilities

Derivatives:

Interest rate swaps - customer swap positions

$

$

(49

)

$

$

(49

)

Forward TBA mortgage-backed securities

(39

)

(39

)

Total liabilities measured at fair value

$

$

(88

)

$

$

(88

)

Financial Assets

At December 31, 2025

Securities available-for-sale:

Level 1

Level 2

Level 3

Total

U.S. agency securities

$

$

18,127

$

$

18,127

Corporate securities

15,386

15,386

Municipal bonds

71,405

71,405

Mortgage-backed securities

173,567

173,567

Asset-backed securities

10,182

10,182

Mortgage loans held for sale, at fair value

43,705

43,705

Loans receivable, at fair value

13,183

13,183

Derivatives:

Mandatory and best effort forward commitments with investors

8

8

Interest rate lock commitments with customers

241

241

Interest rate swaps- cash flow and fair value hedges

1,894

1,894

Interest rate swaps - dealer offsets to customer swap positions

36

36

Total assets measured at fair value

$

$

347,485

$

249

$

347,734

Financial Liabilities

Derivatives:

Interest rate swaps - cash flow and fair value hedges

(36

)

(36

)

Interest rate swaps - customer swap positions

$

$

(656

)

$

$

(656

)

Forward TBA mortgage-backed securities

(146

)

(146

)

Total liabilities measured at fair value

$

$

(838

)

$

$

(838

)

Fair Value Measurements, Nonrecurring [Table Text Block]

June 30, 2026

Level 1

Level 2

Level 3

Total

Collateral dependent loans

$

$

$

7,164

$

7,164

MSRs

23,202

23,202

December 31, 2025

Level 1

Level 2

Level 3

Total

Collateral dependent loans

$

$

$

9,236

$

9,236

MSRs

21,800

21,800

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

Level 3

 

Significant

 

 

 

 

Weighted Average Input

 

Fair Value

Valuation

Unobservable

 

 

 

 

June 30,

 

 

December 31,

 

Instruments

Techniques

Inputs

 

Range

 

 

2026

 

 

2025

 

RECURRING

 

 

 

 

 

 

 

 

 

 

 

Interest rate lock commitments with customers

Quoted market prices

Pull-through expectations

 

 

80% - 99%

 

 

 

94.0

%

 

 

93.7

%

Individual forward sale commitments with investors

Quoted market prices

Pull-through expectations

 

 

80% - 99%

 

 

 

94.0

%

 

 

93.7

%

NONRECURRING

 

 

 

 

 

 

 

 

 

 

 

Collateral dependent loans

Fair value of underlying collateral

Discount applied to the obtained appraisal

 

 

0% - 25%

 

 

 

15.0

%

 

 

%

MSRs

Industry sources

Prepayment speeds

 

 

0% - 50%

 

 

 

7.9

%

 

 

8.5

%

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

Purchases

Net change in

Net change in

Three Months Ended

Beginning

and

Sales and

Ending

fair value for

fair value for

June 30, 2026

Balance

Issuances

Settlements

Balance

gains/(losses) (1)

gains/(losses) (2)

Interest rate lock commitments with customers

$

313

$

1,626

$

(1,323

)

$

616

$

303

$

Individual forward sale commitments with investors

353

55

(401

)

7

(346

)

June 30, 2025

Interest rate lock commitments with customers

$

439

$

1,099

$

(1,129

)

$

409

$

(30

)

$

Individual forward sale commitments with investors

(60

)

(169

)

67

(162

)

(102

)

Purchases

Net change in

Net change in

Six Months Ended

Beginning

and

Sales and

Ending

fair value for

fair value for

June 30, 2026

Balance

Issuances

Settlements

Balance

gains/(losses) (1)

gains/(losses) (2)

Interest rate lock commitments with customers

$

241

$

3,056

$

(2,681

)

$

616

$

375

$

Individual forward sale commitments with investors

8

494

(495

)

7

(1

)

June 30, 2025

Interest rate lock commitments with customers

$

103

$

2,240

$

(1,934

)

$

409

$

306

$

Individual forward sale commitments with investors

31

(253

)

60

(162

)

(193

)

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

June 30, 2026

December 31, 2025

Financial Assets

Carrying

Fair

Carrying

Fair

Level 1 inputs:

Amount

Value

Amount

Value

Cash and cash equivalents

$

29,710

$

29,710

$

28,219

$

28,219

Level 2 inputs:

Securities available-for-sale, at fair value

269,460

269,460

288,667

288,667

Securities held-to-maturity, gross

35,122

35,183

33,501

34,396

Loans held for sale, at fair value

30,548

30,548

43,705

43,705

Loans receivable, at fair value

13,159

13,159

13,183

13,183

Interest rate swaps - cash flow and fair value hedges

4,362

4,362

1,894

1,894

Interest rate swaps - dealer offsets to customer swap positions

49

49

36

36

Level 3 inputs:

Loans receivable, gross

2,646,998

2,592,028

2,641,926

2,578,744

MSRs, held at lower of cost or fair value

8,912

23,202

8,608

21,800

Mandatory and best effort forward commitments with investors

7

7

8

8

Fair value interest rate locks with customers

616

616

241

241

Financial Liabilities

Level 2 inputs:

Time deposits

957,087

953,560

1,130,396

1,129,892

Borrowings

324,500

321,465

129,305

128,360

Subordinated notes, excluding unamortized debt issuance costs

50,000

49,241

50,000

48,856

Interest rate swaps - cash flow and fair value hedges

656

656

Forward TBA mortgage-backed securities

39

39

146

146

Interest rate swaps - customer swap positions

49

49

36

36