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Note 5 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

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

						June 30, 2025
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
Subordinated debt		$	-			$	25,975			$	6,659			$	32,634
Obligations of states and political subdivisions			-				120,482				-			$	120,482
Mortgage-backed securities in government-sponsored entities			-				8,000				-			$	8,000
Total investment securities available for sale			-				154,457				6,659				161,116
Equity securities			729				-				-				729
Total		$	729			$	154,457			$	6,659			$	161,845

						December 31, 2024
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
Subordinated debt		$	-			$	25,830			$	6,639			$	32,469
Obligations of states and political subdivisions			-				124,966				-				124,966
Mortgage-backed securities in government-sponsored entities			-				8,367				-				8,367
Total investment securities available for sale			-				159,163				6,639				165,802
Equity securities			753				-				-				753
Total		$	753			$	159,163			$	6,639			$	166,555

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Subordinated debt
(Dollar amounts in thousands)		June 30, 2025				December 31, 2024
Beginning of year		$	6,639			$	8,801
Transfers out of Level III (1)			-				(2,250	)
Net change in unrealized loss on investment securities available-for-sale			20				88
End of year		$	6,659			$	6,639

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

						June 30, 2025
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Premises and equipment held for sale		$	-			$	-			$	1,015			$	1,015

December 31, 2024

(Dollar amounts in thousands)

Level I

Level II

Level III

Total

Assets measured on a non-recurring basis:

Collateral-dependent loans

-

-

3,321

3,321

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, 2025
Premises and equipment held for sale		$	1,015		Sale price	Adjustments to selling price			16.0	%

		Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)
		Fair Value Estimate			Valuation Techniques	Unobservable Input		Range (Weighted Average)
December 31, 2024
Collateral-dependent loans		$	3,321		Appraisal of collateral	Appraisal adjustments			0 - 23.9% (23.9%)

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

		June 30, 2025
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Net loans		$	1,559,590			$	-			$	-			$	1,539,653			$	1,539,653
Mortgage servicing rights			1,426				-				-				2,403				2,403
Financial liabilities:
Non-maturing deposits		$	1,258,863			$	1,258,863			$	-			$	-			$	1,258,863
Time deposits			334,755				-				-				333,331				333,331
Other borrowings			11,557				-				-				11,557				11,557

		December 31, 2024
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Net loans		$	1,497,167			$	-			$	-			$	1,462,650			$	1,462,650
Mortgage servicing rights			1,497				-				-				2,522				2,522
Financial liabilities:
Non-maturing deposits		$	1,197,989			$	1,197,989			$	-			$	-			$	1,197,989
Time deposits			247,704				-				-				245,999				245,999
Other borrowings			11,660				-				-				11,660				11,660

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