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Note 15 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
  

 

  

Fair Value Measurement Using

 
December 31, 2022 

Balance

  

Level 1

  

Level 2

  

Level 3

 

U.S. government agencies and corporations

 $336,575  $-  $336,575  $- 

States and political subdivisions

  152,200   -   152,200   - 

Mortgage-backed securities

  161,477   -   161,477   - 

Corporate debt securities

  5,664   -   5,664   - 

U.S. treasury

  936      936    

Total securities available for sale

 $656,852  $-  $656,852  $- 
  

 

  

Fair Value Measurement Using

 
December 31, 2021 

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 Measurements, Nonrecurring [Table Text Block]
       

Carrying Value

 

Date

Description

 

Balance

  

Level 1

  

Level 2

  

Level 3

 

December 31, 2022

OREO net of valuation allowance

 $662  $-  $-  $662 

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

 

Discount

 

December 31, 2022

Discounted appraised value

Selling cost

  7.00

%

December 31, 2022

Discounted appraised value

Discount for lack of marketability

  34.72

%

December 31, 2021

Discounted appraised value

Selling cost

  6.20

%

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

 

  

Estimated Fair Value

 
December 31, 2022 

Carrying Amount

  

Level 1

  

Level 2

  

Level 3

 

Financial assets:

                

Cash and due from banks

 $12,403  $12,403  $-  $- 

Interest-bearing deposits

  59,026   59,026   -   - 

Securities available for sale

  656,852   -   656,852   - 

Restricted stock, at cost

  941   -   941   - 

Loans, net

  844,519   -   -   781,749 

Accrued interest receivable

  6,001   -   6,001   - 

Bank-owned life insurance

  43,312   -   43,312   - 

Financial liabilities:

                

Deposits

 $1,542,725  $-  $1,475,096  $67,542 

Accrued interest payable

  106   -   106   - 
  

 

  

Estimated Fair Value

 
December 31, 2021 

Carrying 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 stock, at cost

  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   -