v3.26.1
Note 8 - Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
   

Carrying Value:

 

(Dollars in thousands)

                               

June 30, 2026

 

Level 1

   

Level 2

   

Level 3

   

Total

 
                                 

Recurring:

                               

Available for sale securities

                               

State and municipal

  $ -     $ 156     $ -     $ 156  

SBA pools

    -       445       -       445  

Corporate bonds

    -       6,463       -       6,463  

Mortgage-backed securities

    -       102,027       -       102,027  
    $ -     $ 109,091     $ -     $ 109,091  

Fair value hedge:

                               

Hedging asset

  $ -     $ 98     $ -     $ 98  

Hedging liability

    -       40       -       40  

Net fair value hedge

  $ -     $ 58     $ -     $ 58  
                                 

Equity security at fair value:

                               

Mutual fund

  $ 553     $ -     $ -     $ 553  
                                 

Nonrecurring:

                               

Other real estate owned, net

  $ -     $ -     $ 1,665     $ 1,665  
   

Carrying Value:

 

(Dollars in thousands)

                               

December 31, 2025

 

Level 1

   

Level 2

   

Level 3

   

Total

 
                                 

Recurring:

                               

Available for sale securities

                               

State and municipal

  $ -     $ 202     $ -     $ 202  

SBA pools

    -       512       -       512  

Corporate bonds

    -       6,464       -       6,464  

Mortgage-backed securities

    -       111,552       -       111,552  
    $ -     $ 118,730     $ -     $ 118,730  
                                 

Fair value hedge:

                               

Hedging liability

  $ -     $ 192     $ -     $ 192  
                                 

Equity security at fair value:

                               

Mutual fund

  $ 550     $ -     $ -     $ 550  
                                 

Nonrecurring:

                               

Other real estate owned, net

  $ -     $ -     $ 1,673     $ 1,673  
Fair Value Measurements, Nonrecurring [Table Text Block]

June 30, 2026:

                         

(dollars in thousands)

                         

Assets

 

Fair Value

 

Valuation Technique

 

Unobservable Inputs

 

Range (Average)

 
                           

Other real estate owned

  $ 1,665  

Third party appraisals and in-house real estate valuations of fair value

 

Marketability/selling costs and current market conditions

    0% to 10% (5%)

December 31, 2025:

                         

(dollars in thousands)

                         

Assets

 

Fair Value

 

Valuation Techniques

 

Unobservable Input

 

Range (Average)

 
                           

Other real estate owned

  $ 1,673  

Third party appraisals and in-house real estate valuations of fair value

 

Marketability/selling costs and current market conditions

    0% to 10% (5%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

June 30, 2026

   

December 31, 2025

 
   

Carrying

   

Estimated

   

Carrying

   

Estimated

 
   

Amount

   

Fair Value

   

Amount

   

Fair Value

 

Financial assets

                               

Level 1 inputs

                               

Cash and cash equivalents

  $ 55,486     $ 55,486     $ 46,679     $ 46,679  

Equity security

    553       553       550       550  

Level 2 inputs

                               

Certificates of deposit in other banks

    100       100       100       100  

Accrued interest receivable

    2,402       2,402       2,535       2,535  

Securities available for sale

    109,091       109,091       118,730       118,730  

Securities held to maturity

    16,393       15,509       16,799       15,998  

Mortgage loans held for sale

    694       694       714       714  

Restricted stock, at cost

    3,475       3,475       3,693       3,693  

Bank owned life insurance

    15,555       15,555       15,353       15,353  

Fair value hedge

    98       98       -       -  

Level 3 inputs

                               

Securities held to maturity

    4,470       4,470       4,256       4,256  

Loans, net

    636,549       632,226       633,144       629,889  
                                 

Financial liabilities

                               

Level 1 inputs

                               

Noninterest-bearing deposits

  $ 126,385     $ 126,385     $ 117,098     $ 117,098  

Securities sold under repurchase agreements

    4,559       4,559       4,317       4,317  

Level 2 inputs

                               

Interest-bearing deposits

    598,740       597,844       603,361       602,889  

Federal Home Loan Bank advances

    57,700       57,832       62,700       62,843  

Long-term debt

    12,060       12,388       12,036       12,840  

Accrued interest payable

    989       989       1,278       1,278  

Fair value hedge

    40       40       192       192