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v3.22.2.2

Note 6 - Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2022
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2022 |
Description |  | Balance as of September 30, 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 |  | $ | 17,531 |  |  | $ | — |  |  | $ | 17,531 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 106,303 |  |  |  | — |  |  |  | 106,303 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 52,569 |  |  |  | — |  |  |  | 52,569 |  |  |  | — |
Total securities available for sale |  | $ | 176,403 |  |  | $ | — |  |  | $ | 176,403 |  |  | $ | — |
Derivatives - cash flow hedges |  |  | 2,723 |  |  |  | — |  |  |  | 2,723 |  |  |  | — |
Total assets |  | $ | 179,126 |  |  | $ | — |  |  | $ | 179,126 |  |  | $ | — |
|  |  |  |  |  | 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 September 30, 2022 |
Description |  | Balance as of September 30, 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, net |  | $ | 1,578 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,578 |
Impaired loans, net |  |  | 1,454 |  |  |  | — |  |  |  | — |  |  |  | 1,454 |
|  |  |  |  |  | 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, net |  | $ | 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 September 30, 2022 |
|  | Fair Value |  |  | Valuation Technique |  |  | Unobservable Input |  |  | Range (Weighted Average) (1) |
Other real estate owned, net |  | $ | 1,578 |  |  | 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, net |  | $ | 1,848 |  |  | Property appraisals |  |  | Selling cost |  |  |  | 10.00 | %
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 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 |  | $ | 75,785 |  |  | $ | 75,785 |  |  | $ | — |  |  | $ | — |  |  | $ | 75,785 |
Securities available for sale |  |  | 176,403 |  |  |  | — |  |  |  | 176,403 |  |  |  | — |  |  |  | 176,403 |
Securities held to maturity |  |  | 154,894 |  |  |  | — |  |  |  | 142,920 |  |  |  | — |  |  |  | 142,920 |
Restricted securities |  |  | 1,908 |  |  |  | — |  |  |  | 1,908 |  |  |  | — |  |  |  | 1,908 |
Loans, net |  |  | 900,222 |  |  |  | — |  |  |  | — |  |  |  | TBD |  |  |  | — |
Bank owned life insurance |  |  | 24,375 |  |  |  | — |  |  |  | 24,375 |  |  |  | — |  |  |  | 24,375 |
Accrued interest receivable |  |  | 4,247 |  |  |  | — |  |  |  | 4,247 |  |  |  | — |  |  |  | 4,247 |
Derivatives - cash flow hedges |  |  | 2,723 |  |  |  | — |  |  |  | 2,723 |  |  |  | — |  |  |  | 2,723 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,266,046 |  |  | $ | — |  |  |  | TBD |  |  |  | TBD |  |  | $ | — |
Subordinated debt |  |  | 4,995 |  |  |  | — |  |  |  | — |  |  |  | TBD |  |  |  | — |
Junior subordinated debt |  |  | 9,279 |  |  |  | — |  |  |  | — |  |  |  | TBD |  |  |  | — |
Accrued interest payable |  |  | 184 |  |  |  | — |  |  |  | 184 |  |  |  | — |  |  |  | 184 |
|  |  |  |  |  | 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 Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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