Annual report pursuant to Section 13 and 15(d)

Note 14 - Fair Value of Financial Instruments (Tables)

v3.22.1
Note 14 - Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021

                                       

Financial assets:

                                       

Loans, net

  $ 96,534     $ —     $ 96,391     $ —     $ 96,391  

Loans held for sale

    104       —       112       —       112  

Financial liabilities:

                                       

Interest-bearing deposits

  $ 186,531     $ —     $ 181,564     $ —     $ 181,564  
                                         

December 31, 2020

                                       

Financial assets:

                                       

Loans, net

  $ 98,455     $ —     $ 102,034     $ —     $ 102,034  

Loans held for sale

    1,972       —       1,972       —       1,972  

Financial liabilities:

                                       

Interest-bearing deposits

  $ 176,670     $ —     $ 177,280     $ —     $ 177,280