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Note 5 - Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2024
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | September 30, 2024 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated debt |  | $ | - |  |  | $ | 25,883 |  |  | $ | 6,650 |  |  | $ | 32,533 |
Obligations of states and political subdivisions |  |  | - |  |  |  | 129,467 |  |  |  | - |  |  |  | 129,467 |
Mortgage-backed securities in government-sponsored entities |  |  | - |  |  |  | 7,895 |  |  |  | - |  |  |  | 7,895 |
Total investment securities available for sale |  |  | - |  |  |  | 163,245 |  |  |  | 6,650 |  |  |  | 169,895 |
Equity securities |  |  | 785 |  |  |  | - |  |  |  | - |  |  |  | 785 |
Total |  | $ | 785 |  |  | $ | 163,245 |  |  | $ | 6,650 |  |  | $ | 170,680 |
|  |  |  |  |  | December 31, 2023 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated debt |  | $ | - |  |  | $ | 23,118 |  |  | $ | 8,801 |  |  | $ | 31,919 |
Obligations of states and political subdivisions |  |  | - |  |  |  | 132,542 |  |  |  | - |  |  |  | 132,542 |
Mortgage-backed securities in government-sponsored entities |  |  | - |  |  |  | 6,318 |  |  |  | - |  |  |  | 6,318 |
Total investment securities available for sale |  |  | - |  |  |  | 161,978 |  |  |  | 8,801 |  |  |  | 170,779 |
Equity securities |  |  | 814 |  |  |  | - |  |  |  | - |  |  |  | 814 |
Total |  | $ | 814 |  |  | $ | 161,978 |  |  | $ | 8,801 |  |  | $ | 171,593 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  | Subordinated debt |
(Dollar amounts in thousands) |  | September 30, 2024 |  |  | December 31, 2023 |
Beginning of year |  | $ | 8,801 |  |  | $ | 8,737 |
Purchases, sales, settlements: |  |  |  |  |  |  |  |
Purchases |  |  | - |  |  |  | 1,000 |
Transfers out of Level III (1) |  |  | (2,250 | ) |  |  | (1,000 | )
Net change in unrealized loss on investment securities available-for-sale |  |  | 99 |  |  |  | 64 |
Balance at end of period |  | $ | 6,650 |  |  | $ | 8,801 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
|  |  |  |  |  | September 30, 2024 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | - |  |  | $ | - |  |  | $ | 4,155 |  |  | $ | 4,155 |
|  |  |  |  |  | December 31, 2023 |  |  |  |  |
(Dollar amounts in thousands) |  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Assets measured on a non-recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | - |  |  | $ | - |  |  | $ | 3,361 |  |  | $ | 3,361 |
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) |
September 30, 2024 |  |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | 4,155 |  | Appraisal of collateral (1) | Appraisal adjustments (2) |  |  | 10.4% - 23.9% |
|  | Quantitative Information about Level III Fair Value Measurements |
(Dollar amounts in thousands) |  |  |  |  |  |  |  |  |  |
|  | Fair Value Estimate |  | Valuation Techniques | Unobservable Input |  | Range (Weighted Average) |
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Collateral-dependent loans |  | $ | 3,361 |  | Appraisal of collateral (1) | Appraisal adjustments (2) |  |  | 20.1 | %
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | September 30, 2024 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | Value |  |  | Level I |  |  | Level II |  |  | Level III |  |  | Fair Value |
|  | (Dollar amounts in thousands) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loans |  | $ | 1,482,005 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,436,941 |  |  | $ | 1,436,941 |
Mortgage servicing rights |  |  | 1,528 |  |  |  |  |  |  |  |  |  |  |  | 2,598 |  |  |  | 2,598 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-maturing deposits |  | $ | 1,185,538 |  |  | $ | 1,185,538 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,185,538 |
Time deposits |  |  | 327,231 |  |  |  | - |  |  |  | - |  |  |  | 326,913 |  |  |  | 326,913 |
Other borrowings |  |  | 11,711 |  |  |  | - |  |  |  | - |  |  |  | 11,711 |  |  |  | 11,711 |
|  | December 31, 2023 |
|  | Carrying |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Total |
|  | Value |  |  | Level I |  |  | Level II |  |  | Level III |  |  | Fair Value |
|  | (Dollar amounts in thousands) |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loans |  | $ | 1,456,437 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,370,657 |  |  | $ | 1,370,657 |
Mortgage servicing rights |  |  | 1,636 |  |  |  |  |  |  |  |  |  |  |  | 2,781 |  |  |  | 2,781 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-maturing deposits |  | $ | 1,092,287 |  |  | $ | 1,092,287 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,092,287 |
Time deposits |  |  | 334,315 |  |  |  | - |  |  |  | - |  |  |  | 331,638 |  |  |  | 331,638 |
Other borrowings |  |  | 11,862 |  |  |  | - |  |  |  | - |  |  |  | 11,862 |  |  |  | 11,862 |

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