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Note 19 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at December 31, 2021

 

Description

 Balance as of December 31, 2021  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Assets:

                

Securities available for sale

                

U.S. Treasury securities

 $39,658  $  $39,658  $ 

U.S. agency and mortgage-backed securities

  176,379      176,379    

Obligations of states and political subdivisions

  71,438      71,438    

Corporate debt securities

  2,020      2,020    

Total securities available for sale

 $289,495  $  $289,495  $ 

Derivatives - cash flow hedges

  941      941    

Total assets

 $290,436  $  $290,436  $ 
      

Fair Value Measurements at December 31, 2020

 

Description

 Balance as of December 31, 2020  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Assets:

                

Securities available for sale

                

U.S. agency and mortgage-backed securities

 $101,598  $  $101,598  $ 

Obligations of states and political subdivisions

  38,627      38,627    

Total securities available for sale

 $140,225  $  $140,225  $ 

Derivatives - cash flow hedges

  431      431    

Total assets

 $140,656  $  $140,656  $ 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

Fair Value Measurements at December 31, 2021

 

Description

 Balance as of December 31, 2021  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Impaired loans, net

 $1,454  $  $  $1,454 
      

Fair Value Measurements at December 31, 2020

 

Description

 Balance as of December 31, 2020  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs(Level 2)  Significant Unobservable Inputs (Level 3) 

Impaired loans, net

 $3,595  $  $  $3,595 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

Quantitative information about Level 3 Fair Value Measurements for December 31, 2021

 
  

Fair Value

 

Valuation Technique

 

Unobservable Input

 Range (Weighted Average) (1) 

Impaired loans, net

  1,454 

Present value of cash flows

 

Discount rate

  6.50%
  

Quantitative information about Level 3 Fair Value Measurements for December 31, 2020

 
  

Fair Value

 

Valuation Technique

 

Unobservable Input

 Range (Weighted Average) (1) 

Impaired loans, net

 $2,205 

Property appraisals

 

Selling cost

  10.00%
Fair Value, by Balance Sheet Grouping [Table Text Block]
      

Fair Value Measurements at December 31, 2021 Using

 
  Carrying Amount  Quoted Prices in Active Markets for Identical Assets Level 1  Significant Other Observable Inputs Level 2  Significant Unobservable Inputs Level 3  

Fair Value

 

Financial Assets

                    

Cash and short-term investments

 $176,006  $176,006  $  $  $176,006 

Securities available for sale

  289,495      289,495      289,495 

Securities held to maturity

  33,441      33,617      33,617 

Restricted securities

  1,813      1,813      1,813 

Loans held for sale

               

Loans, net

  819,408         827,248   827,248 

Bank owned life insurance

  24,294      24,294      24,294 

Accrued interest receivable

  3,903      3,903      3,903 

Derivatives - cash flow hedges

  941      941      941 

Financial Liabilities

                    

Deposits

 $1,248,752  $  $1,103,186  $145,101  $1,248,287 

Subordinated debt

  9,993         8,932   8,932 

Junior subordinated debt

  9,279         8,145   8,145 

Accrued interest payable

  152      152      152 
      

Fair Value Measurements at December 31, 2020 Using

 
  Carrying Amount  Quoted Prices in Active Markets for Identical Assets Level 1  Significant Other Observable Inputs Level 2  Significant Unobservable Inputs Level 3  

Fair Value

 

Financial Assets

                    

Cash and short-term investments

 $127,297  $127,297  $  $  $127,297 

Securities available for sale

  140,225      140,225      140,225 

Securities held to maturity

  14,234      13,138   1,605   14,743 

Restricted securities

  1,875      1,875      1,875 

Loans held for sale

  245      245      245 

Loans, net

  622,429         633,638   633,638 

Bank owned life insurance

  17,916      17,916      17,916 

Accrued interest receivable

  2,717      2,717      2,717 

Derivatives - cash flow hedges

  431      431      431 

Financial Liabilities

                    

Deposits

 $842,461  $  $742,264  $101,154  $843,418 

Subordinated debt

  9,991         10,304   10,304 

Junior subordinated debt

  9,279         10,364   10,364 

Accrued interest payable

  134      134      134