Annual report pursuant to Section 13 and 15(d)

Note 15 - Fair Value of Financial Instruments (Tables)

v3.24.1
Note 15 - Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

Carrying

                           

Estimated

 
   

Amount

   

Level 1

   

Level 2

   

Level 3

   

Fair Value

 
  (Dollars in thousands)

December 31, 2023

                                       

Financial assets:

                                       

Loans, net

  $ 120,623     $     $     $ 110,288     $ 110,288  

Loans held for sale

    380             387             387  

Financial liabilities:

                                       

Interest-bearing deposits

    156,402             156,092             156,092  

Other borrowings

    5,000             4,990             4,990  
                                         

December 31, 2022

                                       

Financial assets:

                                       

Loans, net

  $ 103,359     $     $     $ 94,779     $ 94,779  

Financial liabilities:

                                       

Interest-bearing deposits

    165,737             165,535             165,535