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Note 6 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

						Fair Value Measurements at March 31, 2023
Description		Balance as of March 31, 2023				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		$	11,445			$	—			$	11,445			$	—
U.S. agency and mortgage-backed securities			94,906				—				94,906				—
Obligations of states and political subdivisions			56,004				—				56,004				—
Total securities available for sale		$	162,355			$	—			$	162,355			$	—
Derivatives - cash flow hedges			2,396				—				2,396				—
Total assets		$	164,751			$	—			$	164,751			$	—

						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				—
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, Nonrecurring [Table Text Block]

						Fair Value Measurements at March 31, 2023
Description		Balance as of March 31, 2023				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
Collateral dependent loans			1,591				—				—				1,591

						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		$	1,848			$	—			$	—			$	184
Impaired loans, net			197				—				—				197

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

		Quantitative information about Level 3 Fair Value Measurements for March 31, 2023
		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average) (1)
Other real estate owned		$	184		Property appraisals		Selling cost			10.00	%
Collateral dependent loans		$	1,591		Present value of cash flows		Discount rate			6.50	%

		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	%

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

						Fair Value Measurements at March 31, 2023 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		$	77,801			$	77,801			$	—			$	—			$	77,801
Securities available for sale			162,355				—				162,355				—				162,355
Securities held to maturity			151,301				—				141,956				—				141,956
Restricted securities			1,803				—				1,803				—				1,803
Loans, net			909,250				—				—				877,833				877,833
Bank owned life insurance			24,424				—				24,424				—				24,424
Accrued interest receivable			4,389				—				4,389				—				4,389
Derivatives - cash flow hedges			2,396				—				2,396				—				2,396
Financial Liabilities
Deposits		$	1,241,525			$	—				1,086,894				150,040			$	1,236,934
Subordinated debt			4,996				—				—				5,318				5,318
Junior subordinated debt			9,279				—				—				5,936				5,936
Accrued interest payable			354				—				354				—				354

						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 interest-bearing deposits in banks		$	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

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