Note 8 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

Fair Value, by Balance Sheet Grouping [Table Text Block]

March 31, 2023
					Quoted prices		Significant		Significant
					in active		other		other
	Carrying		Estimated		markets		observable inputs		unobservable inputs
(dollars in thousands)	amount		fair value		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	63,038	$	63,038	$	63,038	$	-	$	-
Held-to-maturity securities		223,112		194,251		-		194,251		-
Available-for-sale debt securities		391,414		391,414		-		391,414		-
Restricted investments in bank stock		5,968		5,968		-		5,968		-
Loans and leases, net		1,609,089		1,482,605		-		-		1,482,605
Loans held-for-sale		156		160		-		160		-
Accrued interest receivable		8,666		8,666		-		8,666		-
Interest rate swaps		154		154		-		154		-
Financial liabilities:
Deposits with no stated maturities		1,986,745		1,986,745		-		1,986,745		-
Time deposits		156,346		152,976		-		152,976		-
Short-term borrowings		88,989		88,984		-		88,984		-
Secured borrowings		7,560		7,655		-		-		7,655
Accrued interest payable		686		686		-		686		-
Interest rate swaps		154		154		-		154		-

December 31, 2022
					Quoted prices		Significant		Significant
					in active		other		other
	Carrying		Estimated		markets		observable inputs		unobservable inputs
(dollars in thousands)	amount		fair value		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	29,091	$	29,091	$	29,091	$	-	$	-
Held-to-maturity securities		222,744		187,280		-		187,280		-
Available-for-sale debt securities		420,862		420,862		-		420,862		-
Restricted investments in bank stock		5,268		5,268		-		5,268		-
Loans and leases, net		1,547,025		1,440,151		-		-		1,440,151
Loans held-for-sale		1,637		1,660		-		1,660		-
Accrued interest receivable		8,487		8,487		-		8,487		-
Interest rate swaps		213		213		-		213		-
Financial liabilities:
Deposits with no stated maturities		2,049,689		2,049,689		-		2,049,689		-
Time deposits		117,224		113,252		-		113,252		-
Short-term borrowings		12,940		12,940		-		12,940		-
Secured borrowings		7,619		7,275		-		-		7,275
Accrued interest payable		448		448		-		448		-
Interest rate swaps		213		213		-		213		-

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Total carrying value		Quoted prices in active markets		Significant other observable inputs		Significant other unobservable inputs
(dollars in thousands)	March 31, 2023		(Level 1)		(Level 2)		(Level 3)
Available-for-sale securities:
Agency - GSE	$	27,150	$	-	$	27,150	$	-
Obligations of states and political subdivisions		153,789		-		153,789		-
MBS - GSE residential		210,475		-		210,475		-
Total available-for-sale debt securities	$	391,414	$	-	$	391,414	$	-

	Total carrying value		Quoted prices in active markets		Significant other observable inputs		Significant other unobservable inputs
(dollars in thousands)	December 31, 2022		(Level 1)		(Level 2)		(Level 3)
Available-for-sale securities:
Agency - GSE	$	31,533	$	-	$	31,533	$	-
Obligations of states and political subdivisions		171,894		-		171,894		-
MBS - GSE residential		217,435		-		217,435		-
Total available-for-sale debt securities	$	420,862	$	-	$	420,862	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

				Quoted prices in		Significant other		Significant other
		Total carrying value		active markets		observable inputs		unobservable inputs
(dollars in thousands)	Valuation techniques	at March 31, 2023		(Level 1)		(Level 2)		(Level 3)
Individually evaluated loans	Fair value of collateral appraised value	$	598	$	-	$	-	$	598
Individually evaluated loans	Discount cash flow		517						517
Other real estate owned	Fair value of asset less selling costs		1		-		-		1
Total		$	1,116	$	-	$	-	$	1,116

			Quoted prices in		Significant other		Significant other
	Total carrying value		active markets		observable inputs		unobservable inputs
(dollars in thousands)	at December 31, 2022		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	1,515	$	-	$	-	$	1,515
Other real estate owned		168		-		-		168
Total	$	1,683	$	-	$	-	$	1,683