v3.26.1
Note 5 - Fair Value Presentation (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

June 30, 2026

  

(Dollars in thousands)

  

Level 1

    

Level 2

    

Level 3

    

Total

  

Assets:

                                

Investment securities available-for-sale:

                                

Collateralized Mortgage Backed

   $ —     $ 15,134     $ —     $ 15,134  

Subordinated Debt

     —       10,659       750       11,409  

Preferred Stock

     —       —       475       475  

Municipal Securities:

                                

Taxable

     —       7,683       —       7,683  

Tax-exempt

     —       20,602       —       20,602  

U.S. Government Agencies

     —       1,811       —       1,811  

Derivative asset – interest rate swap on loans

     —       9,402       —       9,402  

Total

   $ —     $ 65,291     $ 1,225     $ 66,516  

Liabilities:

                                

Derivative liability – interest rate swap on loans

   $ —     $ 9,402     $ —     $ 9,402  

Total

   $ —     $ 9,402     $ —     $ 9,402  
   

December 31, 2025

  

(Dollars in thousands)

  

Level 1

    

Level 2

    

Level 3

    

Total

  

Assets:

                                

Investment securities available-for-sale:

                                

Collateralized Mortgage Backed

   $ —     $ 16,053     $ —     $ 16,053  

Subordinated Debt

     —       10,456       750       11,206  

Preferred Stock

     —       —       468       468  

Municipal Securities:

                                

Taxable

     —       7,689       —       7,689  

Tax-exempt

     —       20,451       —       20,451  

U.S. Government Agencies

     —       2,087       —       2,087  

Derivative asset – interest rate swap on loans

     —       9,931       —       9,931  

Total

   $ —     $ 66,667     $ 1,218     $ 67,885  

Liabilities:

                                

Derivative liability – interest rate swap on loans

   $ —     $ 9,931     $ —     $ 9,931  

Total

   $ —     $ 9,931     $ —     $ 9,931  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Reconciliation of Level 3 Inputs

  

(Dollars in thousands)

  

December 31, 2025 fair value

   $ 1,218  

Change in fair value (1)

     7  

June 30, 2026 fair value

   $ 1,225  
Fair Value Measurements, Nonrecurring [Table Text Block]

June 30, 2026

  

(Dollars in thousands)

  

Level 1

    

Level 2

    

Level 3

    

Total

    

Assets:

                                  

Collateral dependent loans with a specific reserve:

                                  

Consumer secured loans

   $ —     $ —     $ 12     $ 12    

Other real estate owned

     —       —       900       900    

Property held for sale

     —       —       2,760       2,760    

Total

   $ —     $ —     $ 3,672     $ 3,672    
                                   

December 31, 2025

    

(Dollars in thousands)

   Level 1     Level 2     Level 3     Total    

Assets:

                                  

Other real estate owned

   $ —     $ —     $ 1,697     $ 1,697    

Property held for sale

     —       —       2,728       2,728    

Total

   $ —     $ —     $ 4,425     $ 4,425    
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
   

Fair Value Measurements at June 30, 2026

  

(Dollars in thousands)

  

Fair Value

  

Valuation Technique(s)

  

Unobservable Inputs

  

Range of Inputs

  

Collateral dependent loans with a specific reserve:

                      

Consumer secured loans

   $ 12  

Liquidation value

  

Discount to reflect estimated selling costs

     10% - 30%  

Other real estate owned

     900  

Appraisals

  

Discount to reflect current market conditions and estimated selling costs

     6% - 10%  

Property held for sale

     2,760  

Transaction price

  

Estimated selling costs

     1% - 5%  

Total

   $ 3,672                
   

Fair Value Measurements at December 31, 2025

  

(Dollars in thousands)

  

Fair Value

  

Valuation Technique(s)

  

Unobservable Inputs

  

Range of Inputs

  

Other real estate owned

   $ 1,697  

Appraisals

  

Discount to reflect current market conditions and estimated selling costs

     6% - 10%  

Property held for sale

     2,728  

Transaction price

  

Estimated selling costs

     1% - 5%  

Total

   $ 4,425                
Fair Value, by Balance Sheet Grouping [Table Text Block]

June 30, 2026

  

Carrying

    

Estimated

    

Quoted Prices in Active Markets for Identical Assets

    

Significant Other Observable Inputs

    

Significant Unobservable Inputs

  

(Dollars in thousands)

  

Amount

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Assets:

                                        

Cash and cash equivalents

   $ 109,281     $ 109,281     $ 109,281     $ —     $ —  

Securities:

                                        

Available-for-sale

     57,114       57,114       —       55,889       1,225  

Held-to-maturity

     13,785       13,766       —       13,766       —  

Restricted securities

     6,998       6,998       —       6,998       —  

Loans, net

     1,928,372       1,926,103       —       —       1,926,103  

Derivative asset – interest rate swap on loans

     9,402       9,402       —       9,402       —  

Bank owned life insurance

     41,396       41,396       —       41,396       —  

Accrued interest receivable

     11,354       11,354       —       11,354       —  

Liabilities:

                                        

Deposits

   $ 1,934,305     $ 1,932,644     $ —     $ 1,165,440     $ 767,204  

Subordinated debt, net

     70,100       68,918       —       68,918       —  

Derivative liability – interest rate swaps on loans

     9,402       9,402       —       9,402       —  

Accrued interest payable

     3,043       3,043       —       3,043       —  

December 31, 2025

  

Carrying

    

Estimated

    

Quoted Prices in Active Markets for Identical Assets

    

Significant Other Observable Inputs

    

Significant Unobservable Inputs

  

(Dollars in thousands)

  

Amount

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Assets:

                                        

Cash and cash equivalents

   $ 162,756     $ 162,756     $ 162,756     $ —     $ —  

Securities:

                                        

Available-for-sale

     57,954       57,954       —       56,736       1,218  

Held-to-maturity

     13,798       13,754       —       13,754       —  

Restricted securities

     7,005       7,005       —       7,005       —  

Loans, net

     1,841,833       1,829,264       —       —       1,829,264  

Derivative asset – interest rate swap on loans

     9,931       9,931       —       9,931       —  

Bank owned life insurance

     40,752       40,752       —       40,752       —  

Accrued interest receivable

     10,562       10,562       —       10,562       —  

Liabilities:

                                        

Deposits

   $ 1,899,184     $ 1,900,529     $ —     $ 1,119,340     $ 781,189  

Subordinated debt, net

     69,936       67,816       —       67,816       —  

Derivative liability – interest rate swaps on loans

     9,931       9,931       —       9,931       —  

Accrued interest payable

     2,532       2,532       —       2,532       —