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Note 5 - Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2024

Notes Tables

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

										Hierarchy
(in thousands)		Carrying				Fair				Valuation
		Amount				Value				Level
Financial assets:
Cash and cash equivalents		$	213,907			$	213,907				1
Restricted equity securities			6,285				6,285				2
Loans, net			1,062,230				989,539				3
Interest receivable			8,085				8,085				2
Financial liabilities:
Deposits			(1,690,301	)			(1,689,844	)			3
Interest payable			(232	)			(232	)			2
Off-balance-sheet liabilities:
Commitments and standby letters of credit							(1,766	)			3

										Hierarchy
(in thousands)		Carrying				Fair				Valuation
		Amount				Value				Level
Financial assets:
Cash and cash equivalents		$	216,568			$	216,568				1
Restricted equity securities			5,956				5,956				2
Loans, net			1,004,277				917,242				3
Interest receivable			8,386				8,386				2
Financial liabilities:
Deposits			(1,650,534	)			(1,649,808	)			3
Interest payable			(128	)			(128	)			2
Off-balance-sheet assets (liabilities):
Commitments and standby letters of credit							(1,863	)			3

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

		Fair Value Measurements as of September 30, 2024 Using
(in thousands)		September 30, 2024				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets and liabilities measured on a recurring basis:
Available-for-sale securities:
U.S. agencies		$	93,982			$	0			$	93,982			$	0
Collateralized mortgage obligations			26,098				0				26,098				0
Municipalities			306,212				0				306,212				0
SBA pools			940				0				940				0
Corporate debt			41,033				0				41,033				0
Asset-backed securities			49,067				0				49,067				0
Equity Securities:
Mutual fund		$	3,274			$	3,274			$	0			$	0
Assets and liabilities measured on a non-recurring basis:			N/A

		Fair Value Measurements at December 31, 2023 Using
(in thousands)		December 31, 2023				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets and liabilities measured on a recurring basis:
Available-for-sale securities:
U.S. agencies		$	80,259			$	0			$	80,259			$	0
Collateralized mortgage obligations			8,664				0				8,664				0
Municipalities			328,908				0				328,908				0
SBA pools			1,395				0				1,395				0
Corporate debt			43,517				0				43,517				0
Asset backed securities			55,335				0				55,335				0
Equity Securities:
Mutual fund		$	3,132			$	3,132			$	0			$	0
Assets and liabilities measured on a non-recurring basis:			N/A

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
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-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

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-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
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