XML 61 R47.htm IDEA: XBRL DOCUMENT v3.23.1
Note 19 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at December 31, 2022

 

Description

 Balance as of December 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

 $11,229  $  $11,229  $ 

U.S. agency and mortgage-backed securities

  96,918      96,918    

Obligations of states and political subdivisions

  54,760      54,760    

Corporate debt securities

            

Total securities available for sale

 $162,907  $  $162,907  $ 

Derivatives - cash flow hedges

  2,679      2,679    

Total assets

 $165,586  $  $165,586  $ 
      

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 December 31, 2022

 

Description

 Balance as of December 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

 $184  $  $  $184 

Impaired loans, net

 $197  $  $  $197 
      

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 Measurement Inputs and Valuation Techniques [Table Text Block]
  

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

 
  

Fair Value

 

Valuation Technique

 

Unobservable Input

 Range (Weighted Average) (1) 

Other real estate owned

 $184 

Property appraisals

 

Selling cost

  10.00%

Impaired loans, net

  197 

Present value of cash flows

 

Discount rate

  6.50%
  

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

Fair Value Measurements at December 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 short-term investments

 $66,914  $66,914  $  $  $66,914 

Securities available for sale

  162,907      162,907      162,907 

Securities held to maturity

  153,158      141,797      141,797 

Restricted securities

  1,908      1,908      1,908 

Loans, net

  913,077        $880,473   880,473 

Bank owned life insurance

  24,531      24,531      24,531 

Accrued interest receivable

  4,543      4,543      4,543 

Derivatives - cash flow hedges

  2,679      2,679      2,679 

Financial Liabilities

                    

Deposits

 $1,241,332  $  $1,104,483  $131,304  $1,235,787 

Subordinated debt

  4,995         5,267   5,267 

Junior subordinated debt

  9,279         6,067   6,067 

Accrued interest payable

  163      163      163 
      

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, 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