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Note 15 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurement Using

 

December 31, 2023

 

Balance

  

Level 1

  

Level 2

  

Level 3

 

U.S. government agencies and corporations

 $311,844  $-  $311,844  $- 

States and political subdivisions

  149,893   -   149,893   - 

Mortgage-backed securities

  150,151   -   150,151   - 

Corporate debt securities

  5,750   -   5,750   - 

U.S. treasury

  963      963    

Total securities available for sale

 $618,601  $-  $618,601  $- 
      

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, 2023

 

Balance

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Interest rate loan contract

 $3  $-  $-  $3 

Forward sale commitment

 $(4) $-  $-  $(4)

December 31, 2023

 

Valuation Technique

 

Unobservable Input

 

Range (Weighted Average)

 

Interest rate loan contract

 

Market approach

 

Pull-through rate

 

100%(1)

 

Forward sale commitment

 

Market approach

 

Pull-through rate

 

100%(1)

 
        

Interest rate loan contract

 

Market approach

 

Current reference price

 

102.64%(2)

 

Forward sale commitment

 

Market approach

 

Current reference price

 

101.60% - 102.64% (101.98%)(3)

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

Estimated Fair Value

 

December 31, 2023

 

Carrying Amount

  

Level 1

  

Level 2

  

Level 3

 

Financial assets:

                

Cash and due from banks

 $12,967  $12,967  $-  $- 

Interest-bearing deposits

  73,636   73,636   -   - 

Securities available for sale

  618,601   -   618,601   - 

Restricted stock, at cost

  1,264   -   1,264   - 

Mortgage loans held for sale

  406   -   406   - 

Loans, net

  847,552   -   -   793,800 

Accrued interest receivable

  6,313   -   6,313   - 

Bank-owned life insurance

  43,583   -   43,583   - 

Interest rate loan contract

  3   -   -   3 

Financial liabilities:

                

Deposits

 $1,503,972  $-  $1,280,732  $222,374 

Accrued interest payable

  1,416   -   1,416   - 

Forward sale commitment

  4   -   -   4 
      

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   -