Annual report pursuant to Section 13 and 15(d)

Note 2 - Securities (Tables)

v3.22.1
Note 2 - Securities (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Debt Securities, Available-for-sale [Table Text Block]

December 31, 2021

  U.S. government agency obligations    

Municipal obligations

   

Mortgage-backed residential obligations

   

Collateralized mortgage obligations

    Total available-for-sale  
      (Dollars in thousands)

1 year or less

  $     $ 1,631     $ 356     $ 1,064     $ 3,051  

1 to 5 years

    5,587       3,941       29,375       16,097       55,000  

5 to 10 years

    4,466       2,244       12,417       11,976       31,103  

After 10 years

  $       10,184             1,612       11,796  

Fair value

  $ 10,053     $ 18,000     $ 42,148     $ 30,749     $ 100,950  

Gross unrealized gains

    73       423       259       279       1,034  

Gross unrealized losses

    (78 )     (14 )     (612 )     (443 )     (1,147 )

Amortized cost

  $ 10,058     $ 17,591     $ 42,501     $ 30,913     $ 101,063  

December 31, 2020

  U.S. government agency obligations    

Municipal obligations

   

Mortgage-backed residential obligations

   

Collateralized mortgage obligations

    Total available-for-sale  
      (Dollars in thousands)

1 year or less

  $ 1,000     $ 769     $ 1,443     $ 382     $ 3,594  

1 to 5 years

    4,863       3,726       34,485       14,452     $ 57,526  

5 to 10 years

    1,284       4,353       7,166       5,565     $ 18,368  

After 10 years

          2,132                 $ 2,132  

Fair value

  $ 7,147     $ 10,980     $ 43,094     $ 20,399     $ 81,620  

Gross unrealized gains

    153       518       883       534     $ 2,088  

Gross unrealized losses

    (17 )     (18 )     (21 )     (66 )   $ (122 )

Amortized cost

  $ 7,011     $ 10,480     $ 42,232     $ 19,931     $ 79,654  
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block]
   

Less than 12 Months

   

12 Months or Longer

   

Total

 
   

Fair

   

Unrealized

   

Fair

   

Unrealized

   

Fair

   

Unrealized

 

December 31, 2021

 

Value

   

Losses

   

Value

   

Losses

   

Value

   

Losses

 
      (Dollars in thousands)

U.S. government agency obligations

  $ 4,020     $ 62     $ 1,105     $ 16     $ 5,125     $ 78  

Municipal obligations

    2,399       8       247       6       2,646       14  

Mortgage-backed residential obligations

    26,540       535       2,781       77       29,321       612  

Collateralized mortgage obligations

    16,715       338       4,386       105       21,101       443  

Total

  $ 49,674     $ 943     $ 8,519     $ 204     $ 58,193     $ 1,147  

December 31, 2020

                                               

U.S. government agency obligations

  $ 1,284     $ 17     $ -     $     $ 1,284     $ 17  

Municipal obligations

                238       18       238       18  

Mortgage-backed residential obligations

    5,265       16       1,170       5       6,435       21  

Collateralized mortgage obligations

    8,694       66       241             8,935       66  

Total

  $ 15,243     $ 99     $ 1,649     $ 23     $ 16,892     $ 122  
Schedule of Realized Gain (Loss) [Table Text Block]
   

At December 31,

 
   

2021

   

2020

 
   

(Dollars in thousands)

 

Sales of securities available for sale

  $ 6,769     $ 12,112  

Gross gain realized on the sale of securities available for sale

    131       114  

Gross loss realized on the sale of securities available for sale

          (55 )