Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|
|
|
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
Fair Value Measurements at December 31, 2023 Using |
|
(Dollars in thousands) |
|
Estimated Fair Value |
|
|
Quoted Prices in Active Markets for Identical Assets (Level 1) |
|
|
Significant Other Observable Inputs (Level 2) |
|
|
Significant Unobservable Inputs (Level 3) |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
$ |
5,591 |
|
|
$ |
- |
|
|
$ |
5,591 |
|
|
$ |
- |
|
Interest rate lock commitments |
|
|
35 |
|
|
|
- |
|
|
|
35 |
|
|
|
- |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government sponsored entities |
|
|
7,883 |
|
|
|
- |
|
|
|
7,883 |
|
|
|
- |
|
Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
123,464 |
|
|
|
- |
|
|
|
123,464 |
|
|
|
- |
|
Municipal securities |
|
|
238,670 |
|
|
|
- |
|
|
|
238,670 |
|
|
|
- |
|
Collateralized debt obligations |
|
|
1,357 |
|
|
|
- |
|
|
|
- |
|
|
|
1,357 |
|
Total securities available-for-sale |
|
$ |
371,374 |
|
|
$ |
- |
|
|
$ |
370,017 |
|
|
$ |
1,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
$ |
5,591 |
|
|
$ |
- |
|
|
$ |
5,591 |
|
|
$ |
- |
|
|
|
|
|
|
|
(Dollars in thousands) |
|
|
|
|
|
|
|
Fair Value Measurements at December 31, 2022 Using |
|
(Dollars in thousands) |
|
Estimated Fair Value |
|
|
Quoted Prices in Active Markets for Identical Assets (Level 1) |
|
|
Significant Other Observable Inputs (Level 2) |
|
|
Significant Unobservable Inputs (Level 3) |
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
$ |
8,972 |
|
|
$ |
- |
|
|
$ |
8,972 |
|
|
$ |
- |
|
Interest rate lock commitments |
|
|
38 |
|
|
|
- |
|
|
|
38 |
|
|
|
- |
|
Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. government sponsored entities |
|
|
7,625 |
|
|
|
- |
|
|
|
7,625 |
|
|
|
- |
|
U.S. treasury securities |
|
|
389 |
|
|
|
- |
|
|
|
389 |
|
|
|
- |
|
Collateralized mortgage obligations and residential mortgage-backed securities. |
|
|
134,116 |
|
|
|
- |
|
|
|
134,116 |
|
|
|
- |
|
Municipal securities |
|
|
227,718 |
|
|
|
- |
|
|
|
227,718 |
|
|
|
- |
|
Collateralized debt obligations |
|
|
1,048 |
|
|
|
- |
|
|
|
- |
|
|
|
1,048 |
|
Total securities available-for-sale |
|
$ |
370,896 |
|
|
$ |
- |
|
|
$ |
369,848 |
|
|
$ |
1,048 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swap contracts |
|
$ |
8,972 |
|
|
$ |
- |
|
|
$ |
8,972 |
|
|
$ |
- |
|
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|
|
(Dollars in thousands) |
|
|
|
Estimated Fair Value Measurements Using Significant Unobservable Inputs (Level 3) |
|
|
|
Available-for- sale securities |
|
Beginning balance, January 1, 2022 |
|
$ |
992 |
|
Principal payments |
|
|
- |
|
Total unrealized gains, included in other comprehensive income |
|
|
56 |
|
Ending balance, December 31, 2022 |
|
$ |
1,048 |
|
|
|
|
|
|
Beginning balance, January 1, 2023 |
|
$ |
1,048 |
|
Principal payments |
|
|
(3 |
) |
Total unrealized gains, included in other comprehensive loss |
|
|
312 |
|
Ending balance, December 31, 2023 |
|
$ |
1,357 |
|
|
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|
|
December 31, 2023 |
|
|
Estimated Fair Value Measurements at December 31, 2023 Using |
|
(Dollars in thousands) |
|
Carrying Value |
|
|
Estimated Fair Value |
|
|
Quoted Prices in Active Markets for Identical Assets (Level 1) |
|
|
Significant Other Observable Inputs (Level 2) |
|
|
Significant Unobservable Inputs (Level 3) |
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
86,008 |
|
|
$ |
86,008 |
|
|
$ |
86,008 |
|
|
$ |
- |
|
|
$ |
- |
|
Loans held-for-sale |
|
|
340 |
|
|
|
349 |
|
|
|
- |
|
|
|
349 |
|
|
|
- |
|
Loans receivable, net |
|
|
1,493,827 |
|
|
|
1,412,069 |
|
|
|
- |
|
|
|
- |
|
|
|
1,412,069 |
|
Federal Home Loan Bank stock |
|
|
6,547 |
|
|
|
6,547 |
|
|
|
- |
|
|
|
6,547 |
|
|
|
- |
|
Accrued interest receivable |
|
|
8,045 |
|
|
|
8,045 |
|
|
|
- |
|
|
|
8,045 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest bearing deposits |
|
|
295,594 |
|
|
|
295,594 |
|
|
|
295,594 |
|
|
|
- |
|
|
|
- |
|
Interest bearing deposits |
|
|
1,517,827 |
|
|
|
1,513,640 |
|
|
|
985,710 |
|
|
|
527,930 |
|
|
|
- |
|
Repurchase agreements |
|
|
38,124 |
|
|
|
37,938 |
|
|
|
31,033 |
|
|
|
6,905 |
|
|
|
- |
|
Borrowed funds |
|
|
80,000 |
|
|
|
79,791 |
|
|
|
- |
|
|
|
79,791 |
|
|
|
- |
|
Accrued interest payable |
|
|
3,065 |
|
|
|
3,065 |
|
|
|
- |
|
|
|
3,065 |
|
|
|
- |
|
|
|
December 31, 2022 |
|
|
Estimated Fair Value Measurements at December 31, 2022 Using |
|
(Dollars in thousands) |
|
Carrying Value |
|
|
Estimated Fair Value |
|
|
Quoted Prices in Active Markets for Identical Assets (Level 1) |
|
|
Significant Other Observable Inputs (Level 2) |
|
|
Significant Unobservable Inputs (Level 3) |
|
Financial assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
31,282 |
|
|
$ |
31,282 |
|
|
$ |
31,282 |
|
|
$ |
- |
|
|
$ |
- |
|
Certificates of deposit in other financial institutions |
|
|
2,456 |
|
|
|
2,404 |
|
|
|
- |
|
|
|
2,404 |
|
|
|
- |
|
Loans held-for-sale |
|
|
1,543 |
|
|
|
1,555 |
|
|
|
- |
|
|
|
1,555 |
|
|
|
- |
|
Loans receivable, net |
|
|
1,500,734 |
|
|
|
1,437,496 |
|
|
|
- |
|
|
|
- |
|
|
|
1,437,496 |
|
Federal Home Loan Bank stock |
|
|
6,547 |
|
|
|
6,547 |
|
|
|
- |
|
|
|
6,547 |
|
|
|
- |
|
Accrued interest receivable |
|
|
7,421 |
|
|
|
7,421 |
|
|
|
- |
|
|
|
7,421 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest bearing deposits |
|
|
359,092 |
|
|
|
359,092 |
|
|
|
359,092 |
|
|
|
- |
|
|
|
- |
|
Interest bearing deposits |
|
|
1,415,925 |
|
|
|
1,414,738 |
|
|
|
1,052,807 |
|
|
|
361,931 |
|
|
|
- |
|
Repurchase agreements |
|
|
15,503 |
|
|
|
15,361 |
|
|
|
7,975 |
|
|
|
7,386 |
|
|
|
- |
|
Borrowed funds |
|
|
120,000 |
|
|
|
119,689 |
|
|
|
- |
|
|
|
119,689 |
|
|
|
- |
|
Interest rate swap agreements |
|
|
8,972 |
|
|
|
8,972 |
|
|
|
- |
|
|
|
8,972 |
|
|
|
- |
|
Accrued interest payable |
|
|
336 |
|
|
|
336 |
|
|
|
- |
|
|
|
336 |
|
|
|
- |
|
|