Note 6 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

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

March 31, 2022			Fair Value Measurements Using
Description	Balance		Level 1		Level 2		Level 3
U.S. Treasuries	$	964			$	964
U.S. Government agencies and corporations		322,388		-		322,388		-
States and political subdivisions		178,800		-		178,800		-
Mortgage-backed securities		190,886		-		190,886		-
Corporate debt securities		6,316		-		6,316		-
Total securities available for sale	$	699,354	$	-	$	699,354	$	-

December 31, 2021			Fair Value Measurements Using
Description	Balance		Level 1		Level 2		Level 3
U.S. Government agencies and corporations	$	278,019	$	-	$	278,019	$	-
States and political subdivisions		198,672		-		198,672		-
Mortgage-backed securities		206,174		-		206,174		-
Corporate debt securities		3,215		-		3,215		-
Total securities available for sale	$	686,080	$	-	$	686,080	$	-

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

March 31, 2022				Fair Value Measurements Using
Description	Balance			Level 1		Level 2		Level 3
Interest rate loan contracts	$	(8	)	$	-	$	-	$	(8	)
Forward contracts	$	8		$	-	$	-	$	8

Schedule of Derivative Instruments [Table Text Block]

March 31, 2022	Valuation Technique	Unobservable Input	Range (Weighted Average)
Interest rate loan contracts	Market approach	Pull-through rate				90.16	%	(1)
Forward contracts	Market approach	Pull-through rate				90.16	%	(1)
Interest rate loan contracts	Market approach	Current reference price		99.57%	-	101.11	%	(99.91%	)
Forward contracts	Market approach	Current reference price		99.57%	-	101.11	%	(99.91%	)

Fair Value Measurements, Nonrecurring [Table Text Block]

Date	Description	Balance		Level 1		Level 2		Level 3
March 31, 2022	OREO net of valuation allowance	$	957	$	-	$	-	$	957
December 31, 2021	OREO net of valuation allowance		957		-		-		957

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Date	Valuation Technique	Unobservable Input	Range (Weighted Average)
March 31, 2022	Discounted appraised value	Selling cost		6.20	%	(1)
December 31, 2021	Discounted appraised value	Selling cost		6.20	%	(1)

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

	March 31, 2022
	Recorded Amount		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	12,247	$	12,247	$	-	$	-
Interest-bearing deposits		108,028		108,028		-		-
Securities available for sale		699,354		-		699,354		-
Restricted securities		941		-		941		-
Loans, net		811,540		-		-		796,766
Accrued interest receivable		5,433		-		5,433		-
Bank-owned life insurance		42,592		-		42,592		-
Forward contracts		8		-		-		8
Financial Liabilities:
Deposits	$	1,543,753	$	-	$	1,466,904	$	76,955
Accrued interest payable		51		-		51		-
Interest rate loan contracts		8		-		-		8

	December 31, 2021
	Recorded Amount		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	8,768	$	8,768	$	-	$	-
Interest-bearing deposits		130,021		130,021		-		-
Securities available for sale		686,080		-		686,080		-
Restricted securities		845		-		845		-
Loans held for sale		615		-		615		-
Loans, net		795,574		-		-		791,335
Accrued interest receivable		5,104		-		5,104		-
Bank-owned life insurance		42,354		-		42,354		-
Financial Liabilities:
Deposits	$	1,494,587	$	-	$	1,415,619	$	79,115
Accrued interest payable		48		-		48		-