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Note 6 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022
Equity securities		$	6,462			$	-			$	1,826			$	8,288
Investment Securities, Available for Sale - June 30, 2022
U. S. Treasury notes and bonds		$	-			$	83,643			$	-			$	83,643
State and municipal			-				256,661				-				256,661
Mortgage-backed			-				211,128				-				211,128
Corporate			-				1,238				-				1,238
Asset-backed securities			-				13,472				-				13,472
Total		$	-			$	566,142			$	-			$	566,142
Derivative Instruments - June 30, 2022
Interest rate derivative contracts - assets		$	-			$	14,209			$	-			$	14,209
Interest rate derivative contracts - liabilities		$	-			$	2,393			$	-			$	2,393
Equity Securities Held at Fair Value - December 31, 2021
Equity securities		$	6,724			$	-			$	1,768			$	8,492
Investment Securities, Available for Sale - December 31, 2021
U. S. Government and federal agency		$	-			$	2,008			$	-			$	2,008
U. S. Treasury notes and bonds			-				91,979				-				91,979
State and municipal			-				514,797				20,050				534,847
Mortgage-backed			-				433,115				-				433,115
Corporate			-				19,642				1,000				20,642
Asset-backed securities			-				16,294				-				16,294
Total		$	-			$	1,077,835			$	21,050			$	1,098,885

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

		Six Months Ended
(Dollars in thousands)		June 30,
		2022				2021
Equity Securities Held at Fair Value
Balance, January 1		$	1,768			$	1,485
Total realized and unrealized gains included in noninterest income			(5	)			(39	)
Net purchases, sales, calls, and maturities			63				220
Net transfers into Level 3			-				-
Balance, June 30		$	1,826			$	1,666
Amount of total losses for the period included in earning attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30		$	(5	)		$	(39	)
Investment Securities, Available for Sale
Balance, January 1		$	21,050			$	11,423
Total unrealized gains included in other comprehensive income			-				(264	)
Net purchases, sales, calls, and maturities			-				1,966
Net transfers into Level 3			-				-
Transfer to held to maturity			(21,050	)			-
Balance, June 30		$	-			$	13,125
Amount of total losses for the period included in earning attributable to the change in unrealized gains (losses) relating to assets and liabilities still held at June 30		$	-			$	(250	)

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, 2022		$	2,687			$	-			$	-			$	2,687
December 31, 2021		$	5,433			$	-			$	-			$	5,433
Other Real Estate
June 30, 2022		$	-			$	-			$	-			$	-
December 31, 2021		$	194			$	-			$	-			$	194
Mortgage Loan Servicing Rights
June 30, 2022		$	4,679			$	-			$	4,679			$	-
December 31, 2021		$	4,666			$	-			$	4,666			$	-

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