Note 7 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

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

	Assets and Liabilities Measured at Fair Value on a Recurring Basis
	(In Thousands)
	Total Carrying Value in the Consolidated Balance Sheet		Quoted Market Prices in an Active Market (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Models with Significant Unobservable Market Parameters (Level 3)
March 31, 2021
Hedged Loans	$	26,494		—		26,494		—
Investment securities available-for-sale:
U.S. Government sponsored enterprises		124,025		—		124,025		—
Mortgage-backed securities		288,662		—		288,662		—
Asset-backed securities		40,130		—		40,130		—
Corporate bonds		2,544		—		2,544		—
State and municipal securities		158,571		—		158,571		—
Total investment securities available-for-sale		613,932		—		613,932		—
Mortgage loans held for sale		28,635		—		28,635		—
Derivatives		2,685		—		2,685		—
Bank owned life insurance		35,401		—		—		35,401
Total assets	$	707,147		—		671,746		35,401
Derivatives	$	-		—		—		—
Total liabilities	$	-		—		—		—
December 31, 2020
Hedged Loans	$	29,417		—		29,417		—
Investment securities available-for-sale:
U.S. Government sponsored enterprises		125,905		—		125,905		—
Mortgage-backed securities		263,790		—		263,790		—
Asset-backed securities		36,957		—		36,957		—
Corporate bonds		2,600		—		2,600		—
State and municipal securities		151,291		—		151,291		—
Total investment securities available-for-sale		580,543		—		580,543		—
Mortgage loans held for sale		19,474		—		19,474		—
Derivatives		714		—		714		—
Bank owned life insurance		35,197		—		—		35,197
Total assets	$	665,345		—		630,148		35,197
Derivatives	$	208		—		208		—
Total liabilities	$	208		—		208		—

Fair Value Measurements, Nonrecurring [Table Text Block]

	Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
	(In Thousands)
	Total Carrying Value in the Consolidated Balance Sheet		Quoted Market Prices in an Active Market (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Models with Significant Unobservable Market Parameters (Level 3)
March 31, 2021
Other real estate owned	$	183		—		—		183
Impaired loans, net (¹)		2,584		—		—		2,584
Total	$	2,767		—		—		2,767
December 31, 2020
Other real estate owned	$	—		—		—		—
Impaired loans, net (¹)		2,635		—		—		2,635
Total	$	2,635		—		—		2,635

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

	Valuation Techniques (2)	Significant Unobservable Inputs	Weighted Average
Impaired loans	Appraisal	Estimated costs to sell	10%
Other real estate owned	Appraisal	Estimated costs to sell	10%
(2) The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	For the Three Months Ended March 31,
	2021				2020
	Other Assets		Other Liabilities		Other Assets		Other Liabilities
Fair value, January 1	$	35,197		—	$	31,762		—
Total realized gains included in income		204		—		183		—
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at March 31		—		—		—		—
Purchases, issuances and settlements, net		—		—		—		—
Transfers out of Level 3		—		—		—		—
Fair value, March 31	$	35,401		—	$	31,945		—
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at March 31	$	204		—	$	183		—

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

	Carrying/ Notional		Estimated		Quote Market Prices in an Active Market		Models with Significant Observable Market Parameters		Models with Significant Unobservable Market Parameters
(in Thousands)	Amount		Fair Value (¹)		(Level 1)		(Level 2)		(Level 3)
March 31, 2021
Financial assets:
Cash and cash equivalents	$	456,529		456,529		456,529		—		—
Loans, net		2,294,999		2,296,988		—		—		2,296,988
Restricted equity securities		5,089		NA		NA		NA		NA
Accrued interest receivable		7,933		7,933		1		2,099		5,833
Financial liabilities:
Deposits		3,140,826		2,896,171		—		—		2,896,171
Federal Home Loan Bank borrowings		—		—		—		—		—
Accrued interest payable		2,236		2,236		—		—		2,236
December 31, 2020
Financial assets:
Cash and cash equivalents	$	338,856		338,856		338,856		—		—
Loans, net		2,282,766		2,302,530		—		—		2,302,530
Restricted equity securities		5,089		NA		NA		NA		NA
Accrued interest receivable		7,516		7,516		1		2,210		5,305
Financial liabilities:
Deposits		2,960,595		2,796,339		—		—		2,796,339
Federal Home Loan Bank borrowings		3,638		3,755		—		—		3,755
Accrued interest payable		3,051		3,051		—		—		3,051