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Note 12 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

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

						Fair Value Measurements at March 31, 2022
Description		Balance as of March 31, 2022				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		$	57,521			$	—			$	57,521			$	—
U.S. agency and mortgage-backed securities			161,261				—				161,261				—
Obligations of states and political subdivisions			64,102				—				64,102				—
Corporate debt securities			2,009				—				2,009				—
Total securities available for sale		$	284,893			$	—			$	284,893			$	—
Derivatives - cash flow hedges			1,640				—				1,640				—
Total assets		$	286,533			$	—			$	286,533			$	—

						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, Nonrecurring [Table Text Block]

						Fair Value Measurements at March 31, 2022
Description		Balance as of March 31, 2022				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Other real estate owned		$	1,767			$	—			$	—			$	1,767

						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)
Other real estate owned		$	1,848			$	—			$	—			$	1,848
Impaired loans, net			1,454				—				—				1,454

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Quantitative information about Level 3 Fair Value Measurements for March 31, 2022

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average) (1)

Other real estate owned

$

1,767

Property appraisals

Selling cost

10.00

%

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

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average) (1)

Other real estate owned

$

1,848

Property appraisals

Selling cost

10.00

%

Impaired loans, net

1,454

Present value of cash flows

Discount rate

6.50

%

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

						Fair Value Measurements at March 31, 2022 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 interest-bearing deposits in banks		$	149,790			$	149,790			$	—			$	—			$	149,790
Securities available for sale			284,893				—				284,893				—				284,893
Securities held to maturity			81,640				—				78,297				—				78,297
Restricted securities			1,908				—				1,908				—				1,908
Loans, net			830,595				—				—				836,111				836,111
Bank owned life insurance			24,438				—				24,438				—				24,438
Accrued interest receivable			4,056				—				4,056				—				4,056
Derivatives - cash flow hedges			1,640				—				1,640				—				1,640
Financial Liabilities
Deposits		$	1,292,892			$	—			$	1,151,826			$	138,345			$	1,290,171
Subordinated debt			4,994				—				—				5,345				5,345
Junior subordinated debt			9,279				—				—				9,204				9,204
Accrued interest payable			208				—				208				—				208

						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 interest-bearing deposits in banks		$	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

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- Definition

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