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Note 8 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Fair Value, by Balance Sheet Grouping [Table Text Block]

June 30, 2023
										Quoted prices				Significant				Significant
										in active				other				other
		Carrying				Estimated				markets				observable inputs				unobservable inputs
(dollars in thousands)		amount				fair value				(Level 1)				(Level 2)				(Level 3)
Financial assets:
Cash and cash equivalents		$	69,632			$	69,632			$	69,632			$	-			$	-
Held-to-maturity securities			223,479				192,084				-				192,084				-
Available-for-sale debt securities			380,785				380,785				-				380,785				-
Restricted investments in bank stock			3,728				3,728				-				3,728				-
Loans and leases, net			1,611,314				1,476,610				-				-				1,476,610
Loans held-for-sale			1,808				1,851				-				1,851				-
Accrued interest receivable			8,343				8,343				-				8,343				-
Interest rate swaps			203				203				-				203				-
Financial liabilities:
Deposits with no stated maturities			1,971,520				1,971,520				-				1,971,520				-
Time deposits			180,472				176,501				-				176,501				-
Short-term borrowings			76,111				76,114				-				76,114				-
Secured borrowings			7,498				7,632				-				-				7,632
Accrued interest payable			1,378				1,378				-				1,378				-
Interest rate swaps			203				203				-				203				-

December 31, 2022
										Quoted prices				Significant				Significant
										in active				other				other
		Carrying				Estimated				markets				observable inputs				unobservable inputs
(dollars in thousands)		amount				fair value				(Level 1)				(Level 2)				(Level 3)
Financial assets:
Cash and cash equivalents		$	29,091			$	29,091			$	29,091			$	-			$	-
Held-to-maturity securities			222,744				187,280				-				187,280				-
Available-for-sale debt securities			420,862				420,862				-				420,862				-
Restricted investments in bank stock			5,268				5,268				-				5,268				-
Loans and leases, net			1,547,025				1,440,151				-				-				1,440,151
Loans held-for-sale			1,637				1,660				-				1,660				-
Accrued interest receivable			8,487				8,487				-				8,487				-
Interest rate swaps			213				213				-				213				-
Financial liabilities:
Deposits with no stated maturities			2,049,689				2,049,689				-				2,049,689				-
Time deposits			117,224				113,252				-				113,252				-
Short-term borrowings			12,940				12,940				-				12,940				-
Secured borrowings			7,619				7,275				-				-				7,275
Accrued interest payable			448				448				-				448				-
Interest rate swaps			213				213				-				213				-

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		Total carrying value				Quoted prices in active markets				Significant other observable inputs				Significant other unobservable inputs
(dollars in thousands)		June 30, 2023				(Level 1)				(Level 2)				(Level 3)
Available-for-sale securities:
Agency - GSE		$	26,946			$	-			$	26,946			$	-
Obligations of states and political subdivisions			151,987				-				151,987				-
MBS - GSE residential			201,852				-				201,852				-
Total available-for-sale debt securities		$	380,785			$	-			$	380,785			$	-

		Total carrying value				Quoted prices in active markets				Significant other observable inputs				Significant other unobservable inputs
(dollars in thousands)		December 31, 2022				(Level 1)				(Level 2)				(Level 3)
Available-for-sale securities:
Agency - GSE		$	31,533			$	-			$	31,533			$	-
Obligations of states and political subdivisions			171,894				-				171,894				-
MBS - GSE residential			217,435				-				217,435				-
Total available-for-sale debt securities		$	420,862			$	-			$	420,862			$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

							Quoted prices in				Significant other				Significant other
			Total carrying value				active markets				observable inputs				unobservable inputs
(dollars in thousands)	Valuation techniques		at June 30, 2023				(Level 1)				(Level 2)				(Level 3)
Individually evaluated loans	Fair value of collateral appraised value		$	311			$	-			$	-			$	311
Individually evaluated loans	Discount cash flow			405												405
Other real estate owned	Fair value of asset less selling costs			1				-				-				1
Total			$	717			$	-			$	-			$	717

						Quoted prices in				Significant other				Significant other
		Total carrying value				active markets				observable inputs				unobservable inputs
(dollars in thousands)		at December 31, 2022				(Level 1)				(Level 2)				(Level 3)
Impaired loans		$	1,515			$	-			$	-			$	1,515
Other real estate owned			168				-				-				168
Total		$	1,683			$	-			$	-			$	1,683

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).

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