Note 5 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Notes Tables

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

September 30, 2023			Fair Value Measurements Using
Description	Balance		Level 1		Level 2		Level 3
U.S. Treasuries	$	948	$	-	$	948	$	-
U.S. Government agencies and corporations		295,989		-		295,989		-
States and political subdivisions		137,069		-		137,069		-
Mortgage-backed securities		152,112		-		152,112		-
Corporate debt securities		5,434		-		5,434		-
Total securities available for sale	$	591,552	$	-	$	591,552	$	-

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 Measurements, Nonrecurring [Table Text Block]

Date	Description	Balance		Level 1		Level 2		Level 3
September 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)
September 30, 2023	Discounted appraised value	Selling cost		7.00%
September 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]

	September 30, 2023
	Recorded Amount		Level 1		Level 2		Level 3
Financial Assets:
Cash and due from banks	$	13,089	$	13,089	$	-	$	-
Interest-bearing deposits		40,353		40,353		-		-
Securities available for sale, at fair value		591,552		-		591,552		-
Restricted securities		1,264		-		1,264		-
Mortgage loans held for sale		82		-		82		-
Loans, net		838,794		-		-		792,126
Accrued interest receivable		6,180		-		6,180		-
Bank-owned life insurance		43,327		-		43,327		-
Financial Liabilities:
Deposits	$	1,465,000	$	-	$	1,277,115	$	186,480
Accrued interest payable		551		-		551		-

	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		-