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Note 5 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

June 30, 2023

     

Fair Value Measurements Using

 

Description

 

Balance

  

Level 1

  

Level 2

  

Level 3

 

U.S. Treasuries

 $940  $-  $940  $- 

U.S. Government agencies and corporations

  304,901   -   304,901   - 

States and political subdivisions

  147,146   -   147,146   - 

Mortgage-backed securities

  155,588   -   155,588   - 

Corporate debt securities

  5,603   -   5,603   - 

Total securities available for sale

 $614,178  $-  $614,178  $- 

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]

June 30, 2023

     

Fair Value Measurements Using

 

Description

 

Balance

  

Level 1

  

Level 2

  

Level 3

 

Interest rate loan contracts

 $1  $-  $-  $1 

Forward contracts

  (1

)

  -   -   (1

)

Schedule of Derivative Instruments [Table Text Block]

June 30, 2023

Valuation Technique

Unobservable Input

 

Range

(Weighted Average)

 

Interest rate loan contracts

Market approach

Pull-through rate

  100.00% 

Forward contracts

Market approach

Pull-through rate

  100.00% 

Interest rate loan contracts

Market approach

Current reference price

  100.87% 

Forward contracts

Market approach

Current reference price

  100.87% 
Fair Value Measurements, Nonrecurring [Table Text Block]

Date

Description

 

Balance

  

Level 1

  

Level 2

  

Level 3

 

June 30, 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)

 

June 30, 2023

Discounted appraised value

Selling cost

  7.00% 

June 30, 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]
  

June 30, 2023

 
  

Recorded Amount

  

Level 1

  

Level 2

  

Level 3

 

Financial Assets:

                

Cash and due from banks

 $14,815  $14,815  $-  $- 

Interest-bearing deposits

  55,241   55,241   -   - 

Securities available for sale, at fair value

  614,178   -   614,178   - 

Restricted securities

  929   -   929   - 

Loans, net

  835,915   -   -   785,779 

Accrued interest receivable

  5,718   -   5,718   - 

Bank-owned life insurance

  43,081   -   43,081   - 

Interest rate loan contracts

  1   -   -   1 

Financial Liabilities:

                

Deposits

 $1,487,032  $-  $1,340,053  $145,244 

Accrued interest payable

  260   -   260   - 

Forward loan contracts

  1   -   -   1 
  

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, at fair value

  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   -