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Note 6 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 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 - September 30, 2022
Equity securities		$	6,116			$	-			$	1,861			$	7,977
Investment Securities, Available for Sale - September 30, 2022
U. S. Treasury notes and bonds		$	-			$	77,554			$	-			$	77,554
State and municipal			-				223,987				-				223,987
Mortgage-backed			-				214,691				-				214,691
Corporate			-				716				-				716
Asset-backed securities			-				13,145				-				13,145
Total		$	-			$	530,093			$	-			$	530,093
Derivative Instruments - September 30, 2022
Interest rate derivative contracts - assets		$	-			$	28,185			$	-			$	28,185
Interest rate derivative contracts - liabilities		$	-			$	5,524			$	-			$	5,524
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]

		Nine Months Ended
(Dollars in thousands)		September 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			18				(51	)
Net purchases, sales, calls, and maturities			75				262
Net transfers into Level 3			-				-
Balance, September 30,		$	1,861			$	1,696
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 September 30,		$	18			$	(51	)
Investment Securities, Available for Sale
Balance, January 1		$	21,050			$	11,423
Total unrealized gains included in other comprehensive income			-				(369	)
Net purchases, sales, calls, and maturities			-				7,979
Net transfers into Level 3			-				-
Transfer to held to maturity			(21,050	)			-
Balance, September 30,		$	-			$	19,033
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 September 30,		$	-			$	(366	)

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
September 30, 2022		$	2,637			$	-			$	-			$	2,637
December 31, 2021		$	5,433			$	-			$	-			$	5,433
Other Real Estate
September 30, 2022		$	-			$	-			$	-			$	-
December 31, 2021		$	194			$	-			$	-			$	194
Mortgage Loan Servicing Rights
September 30, 2022		$	4,537			$	-			$	4,537			$	-
December 31, 2021		$	4,666			$	-			$	4,666			$	-

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- 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).

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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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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.

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