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Note 6 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 - June 30, 2021
Equity securities		$	6,739			$	-			$	1,666			$	8,405
Investment Securities, Available for Sale - June 30, 2021
U. S. Government and federal agency		$	-			$	2,030			$	-			$	2,030
U. S. Treasury notes and bonds			-				37,361				-				37,361
State and municipal			-				475,316				12,125				487,441
Mortgage-backed			-				318,313				-				318,313
Corporate			-				7,342				1,000				8,342
Asset-backed securities			-				2,068				-				2,068
Total		$	-			$	842,430			$	13,125			$	855,555
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				1,000				3,589
Total		$	-			$	563,364			$	11,423			$	574,787

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

		Six Months Ended
(Dollars in thousands)		June 30,
		2021				2020
Equity Securities Held at Fair Value
Balance, January 1		$	1,485			$	1,472
Total realized and unrealized gains included in noninterest income			(39	)			8
Net purchases, sales, calls, and maturities			220				-
Net transfers into Level 3			-				-
Balance, June 30		$	1,666			$	1,480
Investment Securities, Available for Sale
Balance, January 1		$	11,423			$	12,367
Total unrealized gains included in other comprehensive income			(264	)			444
Net purchases, sales, calls, and maturities			1,966				(666	)
Net transfers into Level 3			-				-
Balance, June 30		$	13,125			$	12,145

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
June 30, 2021		$	6,824			$	-			$	-			$	6,824
December 31, 2020		$	7,851			$	-			$	-			$	7,851
Other Real Estate
June 30, 2021		$	260			$	-			$	-			$	260
December 31, 2020		$	266			$	-			$	-			$	266
Mortgage Loan Servicing Rights
June 30, 2021		$	4,461			$	-			$	-			$	4,461
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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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
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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).

+ References

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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