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Note 8 - Fair Value (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2025 Using: |
|  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Prices in |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  | Carrying |  |  | Assets |  |  | Inputs |  |  | Inputs |
(In Thousands of Dollars) |  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities available-for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government sponsored entities |  | $ | 94,952 |  |  | $ | 0 |  |  | $ | 94,952 |  |  | $ | 0 |
State and political subdivisions |  |  | 495,794 |  |  |  | 0 |  |  |  | 495,794 |  |  |  | 0 |
Corporate bonds |  |  | 16,471 |  |  |  | 0 |  |  |  | 15,513 |  |  |  | 958 |
Mortgage-backed securities-residential |  |  | 535,759 |  |  |  | 0 |  |  |  | 535,759 |  |  |  | 0 |
Collateralized mortgage obligations |  |  | 156,652 |  |  |  | 0 |  |  |  | 156,652 |  |  |  | 0 |
Small Business Administration |  |  | 2,138 |  |  |  | 0 |  |  |  | 2,138 |  |  |  | 0 |
Total investment securities |  | $ | 1,301,766 |  |  | $ | 0 |  |  | $ | 1,300,808 |  |  | $ | 958 |
Equity securities |  |  | 368 |  |  |  | 368 |  |  |  | 0 |  |  |  | 0 |
Loans held for sale |  |  | 4,975 |  |  |  | 0 |  |  |  | 4,975 |  |  |  | 0 |
Interest rate swaps |  |  | 1,075 |  |  |  | 0 |  |  |  | 1,075 |  |  |  | 0 |
Interest rate lock commitments |  |  | 165 |  |  |  | 0 |  |  |  | 165 |  |  |  | 0 |
Forward sales contract |  |  | 1 |  |  |  | 0 |  |  |  | 1 |  |  |  | 0 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 1,075 |  |  |  | 0 |  |  |  | 1,075 |  |  |  | 0 |
Fair value hedge derivative |  |  | 542 |  |  |  | 0 |  |  |  | 542 |  |  |  | 0 |
|  |  |  |  |  | Fair Value Measurements at December 31, 2024 Using: |
|  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Prices in |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  | Carrying |  |  | Assets |  |  | Inputs |  |  | Inputs |
(In Thousands of Dollars) |  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment securities available-for sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and U.S. government sponsored entities |  | $ | 115,107 |  |  | $ | 0 |  |  | $ | 115,107 |  |  | $ | 0 |
State and political subdivisions |  |  | 504,880 |  |  |  | 0 |  |  |  | 504,880 |  |  |  | 0 |
Corporate bonds |  |  | 17,448 |  |  |  | 0 |  |  |  | 16,039 |  |  |  | 1,409 |
Mortgage-backed securities-residential |  |  | 492,867 |  |  |  | 0 |  |  |  | 492,867 |  |  |  | 0 |
Collateralized mortgage obligations |  |  | 133,776 |  |  |  | 0 |  |  |  | 133,776 |  |  |  | 0 |
Small Business Administration |  |  | 2,475 |  |  |  | 0 |  |  |  | 2,475 |  |  |  | 0 |
Total investment securities |  |  | 1,266,553 |  |  |  | 0 |  |  |  | 1,265,144 |  |  |  | 1,409 |
Equity securities |  |  | 277 |  |  |  | 277 |  |  |  | 0 |  |  |  | 0 |
Loans held for sale |  |  | 5,005 |  |  |  | 0 |  |  |  | 5,005 |  |  |  | 0 |
Interest rate swaps |  |  | 3,766 |  |  |  | 0 |  |  |  | 3,766 |  |  |  | 0 |
Interest rate lock commitments |  |  | 19 |  |  |  | 0 |  |  |  | 19 |  |  |  | 0 |
Forward sales contract |  |  | 17 |  |  |  | 0 |  |  |  | 17 |  |  |  | 0 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  |  | 3,766 |  |  |  | 0 |  |  |  | 3,766 |  |  |  | 0 |
Fair value hedge derivative |  |  | 168 |  |  |  | 0 |  |  |  | 168 |  |  |  | 0 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Three Months ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In Thousands of Dollars) |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Beginning Balance |  | $ | 1,419 |  |  | $ | 1,397 |  |  | $ | 1,409 |  |  | $ | 1,340 |
Transfers between levels |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Acquired and/or purchased |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Discount accretion (premium amortization) |  |  | 15 |  |  |  | 13 |  |  |  | 44 |  |  |  | 39 |
Repayments, calls and maturities |  |  | (430 | ) |  |  | 0 |  |  |  | (430 | ) |  |  | 0 |
Changes in unrealized gains (losses) |  |  | (46 | ) |  |  | 8 |  |  |  | (65 | ) |  |  | 39 |
Ending Balance |  | $ | 958 |  |  | $ | 1,418 |  |  | $ | 958 |  |  | $ | 1,418 |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2025 Using: |
|  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Prices in |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  | Carrying |  |  | Assets |  |  | Inputs |  |  | Inputs |
(In Thousands of Dollars) |  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied |  | $ | 14,014 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 14,014 |
Other |  |  | 6,801 |  |  |  | 0 |  |  |  | 0 |  |  |  | 6,801 |
Commercial and industrial |  |  | 2,165 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,165 |
1–4 family residential |  |  | 760 |  |  |  | 0 |  |  |  | 0 |  |  |  | 760 |
Consumer indirect |  |  | 35 |  |  |  | 0 |  |  |  | 0 |  |  |  | 35 |
Mortgage servicing rights |  |  | 986 |  |  |  | 0 |  |  |  | 986 |  |  |  | 0 |
|  |  |  |  |  | Fair Value Measurements at December 31, 2024 Using: |
|  |  |  |  |  | Quoted |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Prices in |  |  | Significant |  |  |  |  |
|  |  |  |  |  | Active Markets |  |  | Other |  |  | Significant |
|  |  |  |  |  | for Identical |  |  | Observable |  |  | Unobservable |
|  | Carrying |  |  | Assets |  |  | Inputs |  |  | Inputs |
(In Thousands of Dollars) |  | Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Financial Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-owner occupied |  | $ | 7,286 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 7,286 |
Commercial and industrial |  |  | 2,418 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,418 |
1–4 family residential |  |  | 1,132 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,132 |
Mortgage servicing rights |  |  | 403 |  |  |  | 0 |  |  |  | 403 |  |  |  | 0 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
|  |  |  |  |  |  |  |  | Range
|  |  |  |  | Valuation |  | Unobservable |  | (Weighted
September 30, 2025 |  | Fair value |  | Technique(s) |  | Input(s) |  | Average)
Individually evaluated loans |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 20,815 |  | Income Approach |  | Adjustment for difference between cap rates of comparable sales |  | (54.18%) - 64.63% (42.16%)
Commercial |  |  | 2,165 |  | Quoted price for collateral |  | Offer Price |  | 10.09%
Residential |  |  | 760 |  | Sales comparison |  | Adjustment for differences between comparable sales |  | (19.40%) - 24.95% (10.22%)
Consumer indirect |  |  | 35 |  | Sales comparison |  | Adjustment for differences between comparable sales |  | (0.59%) - 0.59% 0.00%
|  |  |  |  |  |  |  |  | Range
|  |  |  |  | Valuation |  | Unobservable |  | (Weighted
December 31, 2024 |  | Fair value |  | Technique(s) |  | Input(s) |  | Average)
Individually evaluated loans |  |  |  |  |  |  |  |  |
Commercial real estate |  | $ | 7,286 |  | Income approach |  | Adjustment for difference between cap rates of comparable sales |  | (56.03%) - 69.02% (40.71%)
Commercial |  |  | 2,418 |  | Quoted price for collateral |  | Offer Price |  | 6.67%
Residential |  |  | 1,132 |  | Sales comparison |  | Adjustment for differences between comparable sales |  | (8.91%) - (6.22%) (7.16%)
Fair Value Disclosure of Asset and Liability Not Measured at Fair Value [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2025 Using: |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In Thousands of Dollars) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 92,345 |  |  | $ | 23,812 |  |  | $ | 68,533 |  |  | $ | 0 |  |  | $ | 92,345 |
Restricted stock |  |  | 27,469 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Loans, net |  |  | 3,298,252 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,210,416 |  |  |  | 3,210,416 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 4,400,515 |  |  |  | 3,609,979 |  |  |  | 790,541 |  |  |  | 0 |  |  |  | 4,400,520 |
Short-term borrowings |  |  | 235,000 |  |  |  | 0 |  |  |  | 235,000 |  |  |  | 0 |  |  |  | 235,000 |
Long-term borrowings |  |  | 86,581 |  |  |  | 0 |  |  |  | 79,296 |  |  |  | 0 |  |  |  | 79,296 |
|  |  |  |  | Fair Value Measurements at December 31, 2024 Using: |
|  | Carrying |  |  |  |
(In Thousands of Dollars) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 85,738 |  |  | $ | 20,426 |  |  | $ | 65,312 |  |  | $ | 0 |  |  | $ | 85,738 |
Restricted stock |  |  | 30,669 |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |  |  |  | n/a |
Loans, net |  |  | 3,232,483 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,082,292 |  |  |  | 3,082,292 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 4,266,779 |  |  |  | 3,429,116 |  |  |  | 835,967 |  |  |  | 0 |  |  |  | 4,265,083 |
Short-term borrowings |  |  | 305,000 |  |  |  | 0 |  |  |  | 305,000 |  |  |  | 0 |  |  |  | 305,000 |
Long-term borrowings |  |  | 86,150 |  |  |  | 0 |  |  |  | 78,721 |  |  |  | 0 |  |  |  | 78,721 |

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 101 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-101 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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