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Note 19 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at December 31, 2023

 

Description

 Balance as of December 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

 $11,450  $  $11,450  $ 

U.S. agency and mortgage-backed securities

  84,800      84,800    

Obligations of states and political subdivisions

  56,607      56,607    

Total securities available for sale

 $152,857  $  $152,857  $ 

Derivatives - cash flow hedges

  2,488      2,488    

Total assets

 $155,345  $  $155,345  $ 
      

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, Nonrecurring [Table Text Block]
      

Fair Value Measurements at December 31, 2023

 

Description

 Balance as of December 31, 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

 $533  $  $  $533 
      

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 December 31, 2023

 
  

Fair Value

 

Valuation Technique

 

Unobservable Input

 Range (Weighted Average) (1) 

Collateral dependent loans

 $533 

Property appraisals

 

Selling cost

  10.00%
  

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 December 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 short-term investments

 $87,161  $87,161  $  $  $87,161 

Securities available for sale

  152,857      152,857      152,857 

Securities held to maturity, net

  148,244      137,507      137,507 

Restricted securities

  2,078      2,078      2,078 

Loans, net

  957,456         919,266   919,266 

Bank owned life insurance

  24,902      24,902      24,902 

Accrued interest receivable

  4,655      4,655      4,655 

Derivatives - cash flow hedges

  2,488      2,488      2,488 

Financial Liabilities

                    

Deposits

 $1,233,726  $  $1,041,377  $189,354  $1,230,731 

FRB borrowings

  50,000         49,987   49,987 

Subordinated debt

  4,997         5,412   5,412 

Junior subordinated debt

  9,279         8,493   8,493 

Accrued interest payable

  764      764      764 
      

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