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Note 5 - Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | June 30, 2022 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated debt |  | $ | - |  |  | $ | 21,478 |  |  | $ | 9,830 |  |  | $ | 31,308 |
Obligations of states and political subdivisions |  |  | - |  |  |  | 132,308 |  |  |  | - |  |  |  | 132,308 |
Mortgage-backed securities in government-sponsored entities |  |  | - |  |  |  | 8,342 |  |  |  | - |  |  |  | 8,342 |
Total debt securities |  |  | - |  |  |  | 162,128 |  |  |  | 9,830 |  |  |  | 171,958 |
Equity securities in financial institutions |  |  | 779 |  |  |  | - |  |  |  | - |  |  |  | 779 |
Total |  | $ | 779 |  |  | $ | 162,128 |  |  | $ | 9,830 |  |  | $ | 172,737 |
|  |  |  |  |  | December 31, 2021 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated debt |  | $ | - |  |  | $ | 20,337 |  |  | $ | 12,200 |  |  | $ | 32,537 |
Obligations of states and political subdivisions |  |  | - |  |  |  | 127,345 |  |  |  | - |  |  |  | 127,345 |
Mortgage-backed securities in government-sponsored entities |  |  | - |  |  |  | 10,317 |  |  |  | - |  |  |  | 10,317 |
Total debt securities |  |  | - |  |  |  | 157,999 |  |  |  | 12,200 |  |  |  | 170,199 |
Equity securities in financial institutions |  |  | 818 |  |  |  | - |  |  |  | - |  |  |  | 818 |
Total |  | $ | 818 |  |  | $ | 157,999 |  |  | $ | 12,200 |  |  | $ | 171,017 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
(Dollar amounts in thousands) |  |  |  |
|  | Subordinated debt |
Balance as of January 1, 2022 |  | $ | 12,200 |
Transfers out of Level III (1) |  |  | (2,250 | )
Net unrealized holding gain on available-for-sale investment securities |  |  | (120 | )
Balance as of June 30, 2022 |  | $ | 9,830 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
|  |  |  |  |  | June 30, 2022 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  |  | $ | - |  |  | $ | 1,106 |  |  | $ | 1,106 |
Other real estate owned |  |  | - |  |  |  | - |  |  |  | 6,792 |  |  |  | 6,792 |
|  |  |  |  |  | December 31, 2021 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | - |  |  | $ | - |  |  | $ | 4,162 |  |  | $ | 4,162 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | Quantitative Information about Level III Fair Value Measurements |
(Dollar amounts in thousands) |  | Fair Value Estimate |  | Valuation Techniques | Unobservable Input |  | Range (Weighted Average) |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 1,106 |  | Appraisal of collateral (1) | Appraisal adjustments (2) |  | 32.5% | to | 76.6% | (51.3%) |
Other real estate owned |  | $ | 6,792 |  | Appraisal of collateral (1) | Appraisal adjustments (2) |  |  |  |  | 14.2% |
|  | Quantitative Information about Level III Fair Value Measurements |
(Dollar amounts in thousands) |  | Fair Value Estimate |  | Valuation Techniques | Unobservable Input |  | Range (Weighted Average) |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 4,162 |  | Appraisal of collateral (1) | Appraisal adjustments (2) |  | 25.0% | to | 72.2% | (36.6%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | June 30, 2022 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | Value |  |  | Level I |  |  | Level II |  |  | Level III |  |  | Fair Value |
|  | (Dollar amounts in thousands) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for sale |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net loans |  | $ | 963,447 |  |  |  | - |  |  |  | - |  |  | $ | 940,261 |  |  |  | 940,261 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,147,166 |  |  | $ | 972,333 |  |  | $ | - |  |  | $ | 171,863 |  |  | $ | 1,144,196 |
Other borrowings |  |  | 12,910 |  |  |  | - |  |  |  | - |  |  |  | 12,910 |  |  |  | 12,910 |
|  | December 31, 2021 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | Value |  |  | Level I |  |  | Level II |  |  | Level III |  |  | Fair Value |
|  | (Dollar amounts in thousands) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans held for sale |  | $ | 1,051 |  |  |  | - |  |  | $ | 1,051 |  |  | $ | - |  |  | $ | 1,051 |
Net loans |  |  | 967,349 |  |  |  | - |  |  |  | - |  |  |  | 961,645 |  |  |  | 961,645 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,166,610 |  |  | $ | 967,885 |  |  | $ | - |  |  | $ | 199,503 |  |  | $ | 1,167,388 |
Other borrowings |  |  | 12,901 |  |  |  | - |  |  |  | - |  |  |  | 12,901 |  |  |  | 12,901 |

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