Note 6 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

September 30, 2022			Fair Value Measurements Using
Description	Balance		Level 1		Level 2		Level 3
U.S. Treasuries	$	932	$	-	$	932	$	-
U.S. Government agencies and corporations		334,530		-		334,530		-
States and political subdivisions		149,160		-		149,160		-
Mortgage-backed securities		167,244		-		167,244		-
Corporate debt securities		5,544		-		5,544		-
Total securities available for sale	$	657,410	$	-	$	657,410	$	-

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]

September 30, 2022				Fair Value Measurements Using
Description	Balance			Level 1		Level 2		Level 3
Interest rate loan contracts	$	(9	)	$	-	$	-	$	(9	)
Forward contracts		9			-		-		9

Schedule of Derivative Instruments [Table Text Block]

September 30, 2022	Valuation Technique	Unobservable Input	Range (Weighted Average)
Interest rate loan contracts	Market approach	Pull-through rate		46.97%
Forward contracts	Market approach	Pull-through rate		46.97%
Interest rate loan contracts	Market approach	Current reference price		94.83%
Forward contracts	Market approach	Current reference price		94.83%

Fair Value Measurements, Nonrecurring [Table Text Block]

Date	Description	Balance		Level 1		Level 2		Level 3
September 30, 2022	OREO, net of valuation allowance	$	907	$	-	$	-	$	907
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)
September 30, 2022	Discounted appraised value	Selling cost		7.19%(1)
September 30, 2022	Discounted appraised value	Discount for lack of marketability		9.63%(1)
December 31, 2021	Discounted appraised value	Selling cost		6.20%(1)

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

	September 30, 2022
	Recorded Amount		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	10,957	$	10,957	$	-	$	-
Interest-bearing deposits		79,466		79,466		-		-
Securities available for sale		657,410		-		657,410		-
Restricted securities		941		-		941		-
Loans, net		844,656		-		-		801,779
Accrued interest receivable		5,822		-		5,822		-
Bank-owned life insurance		43,072		-		43,072		-
Forward loan contracts		9		-		-		9
Financial Liabilities:
Deposits	$	1,570,649	$	-	$	1,493,626	$	76,946
Accrued interest payable		40		-		40		-
Interest rate loan contracts		9		-		-		9

	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		-
Mortgage 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		-