XML 40 R27.htm IDEA: XBRL DOCUMENT
v3.23.3

Note 6 - Fair Value Measurements (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2023 |
Description |  | Balance as of September 30, 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 |  | $ | 11,113 |  |  | $ | — |  |  | $ | 11,113 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 84,294 |  |  |  | — |  |  |  | 84,294 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 52,768 |  |  |  | — |  |  |  | 52,768 |  |  |  | — |
Total securities available for sale |  | $ | 148,175 |  |  | $ | — |  |  | $ | 148,175 |  |  | $ | — |
Derivatives - cash flow hedges |  |  | 3,065 |  |  |  | — |  |  |  | 3,065 |  |  |  | — |
Total assets |  | $ | 151,240 |  |  | $ | — |  |  | $ | 151,240 |  |  | $ | — |
|  |  |  |  |  | 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 September 30, 2023 |
Description |  | Balance as of September 30, 2023 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Collateral dependent loans |  | $ | 3,116 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,116 |
|  |  |  |  |  | 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 Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | Quantitative information about Level 3 Fair Value Measurements for September 30, 2023 |
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) (1) |
Collateral dependent loans |  | $ | 3,116 |  | Property appraisals |  | Selling cost |  |  | 6.00 | %
|  | 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 September 30, 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 |  | $ | 50,099 |  |  | $ | 50,099 |  |  | $ | — |  |  | $ | — |  |  | $ | 50,099 |
Securities available for sale |  |  | 148,175 |  |  |  | — |  |  |  | 148,175 |  |  |  | — |  |  |  | 148,175 |
Securities held to maturity, net |  |  | 149,948 |  |  |  | — |  |  |  | 134,728 |  |  |  | — |  |  |  | 134,728 |
Restricted securities |  |  | 2,077 |  |  |  | — |  |  |  | 2,077 |  |  |  | — |  |  |  | 2,077 |
Loans, net |  |  | 943,603 |  |  |  | — |  |  |  | — |  |  |  | 901,921 |  |  |  | 901,921 |
Bank owned life insurance |  |  | 24,734 |  |  |  | — |  |  |  | 24,734 |  |  |  | — |  |  |  | 24,734 |
Accrued interest receivable |  |  | 4,502 |  |  |  | — |  |  |  | 4,502 |  |  |  | — |  |  |  | 4,502 |
Derivatives - cash flow hedges |  |  | 3,065 |  |  |  | — |  |  |  | 3,065 |  |  |  | — |  |  |  | 3,065 |
Financial Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,235,173 |  |  | $ | — |  |  |  | 1,050,754 |  |  |  | 179,959 |  |  | $ | 1,230,713 |
Subordinated debt |  |  | 4,997 |  |  |  | — |  |  |  | — |  |  |  | 5,161 |  |  |  | 5,161 |
Junior subordinated debt |  |  | 9,279 |  |  |  | — |  |  |  | — |  |  |  | 6,290 |  |  |  | 6,290 |
Accrued interest payable |  |  | 667 |  |  |  | — |  |  |  | 667 |  |  |  | — |  |  |  | 667 |
|  |  |  |  |  | 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, net |  |  | 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 |

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration