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Note 6 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

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

		Quoted Prices
		In Active				Significant
		Markets for				Other				Significant
		Identical				Observable				Unobservable				Balance
(Dollars in thousands)		Assets				Inputs				Inputs				at Date
		(Level 1)				(Level 2)				(Level 3)				Indicated
Equity Securities Held at Fair Value - March 31, 2021
Equity securities		$	1,859			$	-			$	1,945			$	3,804
Investment Securities, Available for Sale - March 31, 2021
U. S. Government and federal agency		$	-			$	2,041			$	-			$	2,041
U. S. Treasury notes and bonds			-				11,864				-				11,864
State and municipal			-				418,869				12,606				431,475
Mortgage-backed			-				271,923				-				271,923
Corporate			-				1,990				-				1,990
Trust preferred securities			-				-				1,000				1,000
Asset-backed securities			-				2,334				-				2,334
Total		$	-			$	709,021			$	13,606			$	722,627
Equity Securities Held at Fair Value - December 31, 2020
Equity securities		$	1,411			$	-			$	1,485			$	2,896
Investment Securities, Available for Sale - December 31, 2020
U. S. Government and federal agency		$	-			$	2,051			$	-			$	2,051
U. S. Treasury notes and bonds			-				2,056				-				2,056
State and municipal			-				309,945				10,423				320,368
Mortgage-backed			-				246,723				-				246,723
Corporate			-				2,589				-				2,589
Trust preferred securities			-				-				1,000				1,000
Total		$	-			$	563,364			$	11,423			$	574,787

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

		Three Months Ended
(Dollars in thousands)		March 31,
		2021				2020
Equity Securities Held at Fair Value
Balance, January 1		$	1,485			$	1,472
Total realized and unrealized gains included in noninterest income			(40	)			(65	)
Net purchases, sales, calls, and maturities			500				-
Net transfers into Level 3			-				-
Balance, March 31		$	1,945			$	1,407
Investment Securities, Available for Sale
Balance, January 1		$	11,423			$	12,367
Total unrealized gains included in other comprehensive income			(270	)			185
Net purchases, sales, calls, and maturities			2,453				-
Net transfers into Level 3			-				-
Balance, March 31		$	13,606			$	12,552

Fair Value Measurements, Nonrecurring [Table Text Block]

						Quoted Prices
						In Active				Significant
						Markets for				Other				Significant
		Balances at				Identical				Observable				Unobservable
(Dollars in thousands)		Dates				Assets				Inputs				Inputs
		Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
March 31, 2021		$	10,389			$	-			$	-			$	10,389
December 31, 2020		$	7,851			$	-			$	-			$	7,851
Other Real Estate
March 31, 2021		$	123			$	-			$	-			$	123
December 31, 2020		$	266			$	-			$	-			$	266
Mortgage Loan Servicing Rights
March 31, 2021		$	4,336			$	-			$	-			$	4,336
December 31, 2020		$	3,967			$	-			$	-			$	3,967

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

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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).

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