| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
| |
|
|
|
|
|
(Dollars in thousands) |
|
| |
|
|
|
|
|
Fair Value Measurements at September 30, 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 |
|
$ |
9,834 |
|
|
$ |
- |
|
|
$ |
9,834 |
|
|
$ |
- |
|
| Interest rate lock commitments |
|
|
51 |
|
|
|
- |
|
|
|
51 |
|
|
|
- |
|
| Available-for-sale debt securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. government sponsored entities |
|
|
7,550 |
|
|
|
- |
|
|
|
7,550 |
|
|
|
- |
|
| U.S. treasury securities |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Collateralized mortgage obligations and residential mortgage-backed securities |
|
|
119,096 |
|
|
|
- |
|
|
|
119,096 |
|
|
|
- |
|
| Municipal securities |
|
|
211,479 |
|
|
|
- |
|
|
|
211,479 |
|
|
|
- |
|
| Collateralized debt obligations |
|
|
1,155 |
|
|
|
- |
|
|
|
- |
|
|
|
1,155 |
|
| Total securities available-for-sale |
|
$ |
339,280 |
|
|
$ |
- |
|
|
$ |
338,125 |
|
|
$ |
1,155 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest rate swap contracts |
|
$ |
9,834 |
|
|
$ |
- |
|
|
$ |
9,834 |
|
|
$ |
- |
|
| |
|
|
|
|
|
(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, June 30, 2022 |
|
$ |
972 |
|
| Principal payments |
|
|
- |
|
| Total unrealized gains, included in other comprehensive income |
|
|
55 |
|
| Ending balance, September 30, 2022 |
|
$ |
1,027 |
|
| |
|
|
|
|
| Beginning balance, June 30, 2023 |
|
$ |
1,075 |
|
| Principal payments |
|
|
- |
|
| Total unrealized gains, included in other comprehensive loss |
|
|
80 |
|
| Ending balance, September 30, 2023 |
|
$ |
1,155 |
|
| |
|
(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 |
|
|
35 |
|
| Ending balance, September 30, 2022 |
|
$ |
1,027 |
|
| |
|
|
|
|
| Beginning balance, January 1, 2023 |
|
$ |
1,048 |
|
| Principal payments |
|
|
- |
|
| Total unrealized gains, included in other comprehensive loss |
|
|
107 |
|
| Ending balance, September 30, 2023 |
|
$ |
1,155 |
|
|
| Fair Value, by Balance Sheet Grouping [Table Text Block] |
| |
|
September 30, 2023 |
|
|
Estimated Fair Value Measurements at September 30, 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 |
|
$ |
71,648 |
|
|
$ |
71,648 |
|
|
$ |
71,648 |
|
|
$ |
- |
|
|
$ |
- |
|
| Loans held-for-sale |
|
|
2,057 |
|
|
|
2,080 |
|
|
|
- |
|
|
|
2,080 |
|
|
|
- |
|
| Loans receivable, net |
|
|
1,506,230 |
|
|
|
1,400,946 |
|
|
|
- |
|
|
|
- |
|
|
|
1,400,946 |
|
| Federal Home Loan Bank stock |
|
|
6,547 |
|
|
|
6,547 |
|
|
|
- |
|
|
|
6,547 |
|
|
|
- |
|
| Accrued interest receivable |
|
|
7,864 |
|
|
|
7,864 |
|
|
|
- |
|
|
|
7,864 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-interest bearing deposits |
|
|
312,635 |
|
|
|
312,635 |
|
|
|
312,635 |
|
|
|
- |
|
|
|
- |
|
| Interest bearing deposits |
|
|
1,471,402 |
|
|
|
1,468,670 |
|
|
|
928,390 |
|
|
|
540,280 |
|
|
|
- |
|
| Repurchase agreements |
|
|
48,310 |
|
|
|
48,274 |
|
|
|
39,420 |
|
|
|
8,854 |
|
|
|
- |
|
| Borrowed funds |
|
|
100,000 |
|
|
|
99,394 |
|
|
|
- |
|
|
|
99,394 |
|
|
|
- |
|
| Accrued interest payable |
|
|
3,035 |
|
|
|
3,035 |
|
|
|
- |
|
|
|
3,035 |
|
|
|
- |
|
| |
|
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 |
|
|
|
- |
|
| Accrued interest payable |
|
|
336 |
|
|
|
336 |
|
|
|
- |
|
|
|
336 |
|
|
|
- |
|
|