Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

March 31, 2023			Fair Value Measurements Using
Description	Balance		Level 1		Level 2		Level 3
U.S. Treasuries	$	947	$	-	$	947	$	-
U.S. Government agencies and corporations		333,944		-		333,944		-
States and political subdivisions		149,962		-		149,962		-
Mortgage-backed securities		160,453		-		160,453		-
Corporate debt securities		5,741		-		5,741		-
Total securities available for sale	$	651,047	$	-	$	651,047	$	-

December 31, 2022			Fair Value Measurements Using
Description	Balance		Level 1		Level 2		Level 3
U.S. Treasuries	$	936	$	-	$	936	$	-
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		-
Total securities available for sale	$	656,852	$	-	$	656,852	$	-

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

March 31, 2023				Fair Value Measurements Using
Description	Balance			Level 1		Level 2		Level 3
Interest rate loan contracts	$	2		$	-	$	-	$	2
Forward contracts		(2	)		-		-		(2	)

Schedule of Derivative Instruments [Table Text Block]

March 31, 2023	Valuation Technique	Unobservable Input	Range (Weighted Average)
Interest rate loan contracts	Market approach	Pull-through rate		81.30%
Forward contracts	Market approach	Pull-through rate		81.30%
Interest rate loan contracts	Market approach	Current reference price	100.83%	–	102.22%	(101.24%)
Forward contracts	Market approach	Current reference price	100.83%	–	102.22%	(101.24%)

Fair Value Measurements, Nonrecurring [Table Text Block]

Date	Description	Balance		Level 1		Level 2		Level 3
March 31, 2023	OREO, net of valuation allowance	$	662	$	-	$	-	$	662
December 31, 2022	OREO, net of valuation allowance		662		-		-		662

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

Date	Valuation Technique	Unobservable Input	Range (Weighted Average)
March 31, 2023	Discounted appraised value	Selling cost		7.00%
March 31, 2023	Discounted appraised value	Discount for lack of marketability		34.72%
December 31, 2022	Discounted appraised value	Selling cost		7.00%
December 31, 2022	Discounted appraised value	Discount for lack of marketability		34.72%

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

	March 31, 2023
	Recorded Amount		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	11,695	$	11,695	$	-	$	-
Interest-bearing deposits		42,966		42,966		-		-
Securities available for sale		651,047		-		651,047		-
Restricted securities		929		-		929		-
Loans, net		846,315		-		-		803,330
Accrued interest receivable		6,007		-		6,007		-
Bank-owned life insurance		43,551		-		43,551		-
Interest rate loan contracts		2		-		-		2
Financial Liabilities:
Deposits	$	1,511,452	$	-	$	1,385,881	$	125,931
Accrued interest payable		314		-		314		-
Forward loan contracts		2		-		-		2

	December 31, 2022
	Recorded 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 securities		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		-