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v3.24.1.1.u2

Note 2 - Securities (Tables) | 3 Months Ended
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Mar. 31, 2024
Notes Tables |
Schedule of Available-for-sale and Held-to-maturity Reconciliation [Table Text Block] |
|  | March 31, 2024 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Fair Value |  |  | Allowance for Credit Losses |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 12,478 |  |  | $ | — |  |  | $ | (1,079 | ) |  | $ | 11,399 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 93,915 |  |  |  | 50 |  |  |  | (12,997 | ) |  |  | 80,968 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 63,461 |  |  |  | 1 |  |  |  | (8,154 | ) |  |  | 55,308 |  |  |  | — |
Total securities available for sale |  | $ | 169,854 |  |  | $ | 51 |  |  | $ | (22,230 | ) |  | $ | 147,675 |  |  | $ | — |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 19,277 |  |  | $ | — |  |  | $ | (349 | ) |  | $ | 18,928 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 92,019 |  |  |  | — |  |  |  | (10,033 | ) |  |  | 81,986 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 11,645 |  |  |  | 40 |  |  |  | (996 | ) |  |  | 10,689 |  |  |  | (1 | )
Corporate debt securities |  |  | 3,000 |  |  |  | — |  |  |  | (514 | ) |  |  | 2,486 |  |  |  | (115 | )
Total securities held to maturity |  | $ | 125,941 |  |  | $ | 40 |  |  | $ | (11,892 | ) |  | $ | 114,089 |  |  | $ | (116 | )
Total securities |  | $ | 295,795 |  |  | $ | 91 |  |  | $ | (34,122 | ) |  | $ | 261,764 |  |  | $ | (116 | )
|  | December 31, 2023 |  |  |  |  |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Fair Value |  |  | Allowance for Credit Losses |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 12,476 |  |  | $ | — |  |  | $ | (1,026 | ) |  | $ | 11,450 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 96,937 |  |  |  | 55 |  |  |  | (12,192 | ) |  |  | 84,800 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 64,045 |  |  |  | 6 |  |  |  | (7,444 | ) |  |  | 56,607 |  |  |  | — |
Total securities available for sale |  | $ | 173,458 |  |  | $ | 61 |  |  | $ | (20,662 | ) |  | $ | 152,857 |  |  | $ | — |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 39,085 |  |  | $ | — |  |  | $ | (389 | ) |  | $ | 38,696 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 94,617 |  |  |  | — |  |  |  | (8,992 | ) |  |  | 85,625 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 11,649 |  |  |  | 107 |  |  |  | (943 | ) |  |  | 10,813 |  |  |  | — |
Corporate debt securities |  |  | 3,000 |  |  |  | — |  |  |  | (520 | ) |  |  | 2,480 |  |  |  | (107 | )
Total securities held to maturity |  | $ | 148,351 |  |  | $ | 107 |  |  | $ | (10,844 | ) |  | $ | 137,614 |  |  | $ | (107 | )
Total securities |  | $ | 321,809 |  |  | $ | 168 |  |  | $ | (31,506 | ) |  | $ | 290,471 |  |  | $ | (107 | )
Gain (Loss) on Securities [Table Text Block] |
|  | March 31, 2024 |
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Fair Value |  |  | Unrealized (Loss) |  |  | Fair Value |  |  | Unrealized (Loss) |  |  | Fair Value |  |  | Unrealized (Loss) |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | — |  |  | $ | — |  |  | $ | 11,399 |  |  | $ | (1,079 | ) |  | $ | 11,399 |  |  | $ | (1,079 | )
U.S. agency and mortgage-backed securities |  |  | 1,268 |  |  |  | (13 | ) |  |  | 75,506 |  |  |  | (12,984 | ) |  |  | 76,774 |  |  |  | (12,997 | )
Obligations of states and political subdivisions |  |  | 5,341 |  |  |  | (195 | ) |  |  | 48,276 |  |  |  | (7,959 | ) |  |  | 53,617 |  |  |  | (8,154 | )
Total securities available for sale |  | $ | 6,609 |  |  | $ | (208 | ) |  | $ | 135,181 |  |  | $ | (22,022 | ) |  | $ | 141,790 |  |  | $ | (22,230 | )
|  | December 31, 2023 |
|  | Less than 12 months |  |  | 12 months or more |  |  | Total |
|  | Fair Value |  |  | Unrealized (Loss) |  |  | Fair Value |  |  | Unrealized (Loss) |  |  | Fair Value |  |  | Unrealized (Loss) |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | — |  |  | $ | — |  |  | $ | 11,450 |  |  | $ | (1,026 | ) |  | $ | 11,450 |  |  | $ | (1,026 | )
U.S. agency and mortgage-backed securities |  |  | 1,281 |  |  |  | (29 | ) |  |  | 78,800 |  |  |  | (12,163 | ) |  |  | 80,081 |  |  |  | (12,192 | )
Obligations of states and political subdivisions |  |  | 4,469 |  |  |  | (215 | ) |  |  | 47,004 |  |  |  | (7,229 | ) |  |  | 51,473 |  |  |  | (7,444 | )
Total securities available for sale |  | $ | 5,750 |  |  | $ | (244 | ) |  | $ | 137,254 |  |  | $ | (20,418 | ) |  | $ | 143,004 |  |  | $ | (20,662 | )
Investments Classified by Contractual Maturity Date [Table Text Block] |
|  | Available for Sale |  |  | Held to Maturity |
|  | Amortized Cost |  |  | Fair Value |  |  | Amortized Cost |  |  | Fair Value |
Due within one year |  | $ | 796 |  |  | $ | 783 |  |  | $ | 10,820 |  |  | $ | 10,698 |
Due after one year through five years |  |  | 28,704 |  |  |  | 26,521 |  |  |  | 23,107 |  |  |  | 21,835 |
Due after five years through ten years |  |  | 32,673 |  |  |  | 29,684 |  |  |  | 17,972 |  |  |  | 16,117 |
Due after ten years |  |  | 107,681 |  |  |  | 90,687 |  |  |  | 74,042 |  |  |  | 65,439 |
|  | $ | 169,854 |  |  | $ | 147,675 |  |  | $ | 125,941 |  |  | $ | 114,089 |
Marketable Securities [Table Text Block] |
|  | March 31, 2024 |  |  | December 31, 2023 |
Federal Home Loan Bank stock |  | $ | 999 |  |  | $ | 965 |
Federal Reserve Bank stock |  |  | 981 |  |  |  | 981 |
Community Bankers’ Bank stock |  |  | 132 |  |  |  | 132 |
|  | $ | 2,112 |  |  | $ | 2,078 |
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block] |
|  | U.S. Treasury securities |  |  | U.S. agency and mortgage-backed securities |  |  | Obligations of states and political subdivisions |  |  | Corporate debt securities |  |  | Total Held to Maturity Securities |
March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aaa |  | $ | 19,277 |  |  | $ | 22,994 |  |  | $ | 2,802 |  |  | $ | — |  |  | $ | 45,073 |
Aa1 / Aa2 / Aa3 |  |  | — |  |  |  | — |  |  |  | 8,843 |  |  |  | — |  |  |  | 8,843 |
Baa1 / Baa2 / Baa3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,000 |  |  |  | 3,000 |
Not rated - Agency (1) |  |  | — |  |  |  | 69,025 |  |  |  | — |  |  |  | — |  |  |  | 69,025 |
Total |  | $ | 19,277 |  |  | $ | 92,019 |  |  | $ | 11,645 |  |  | $ | 3,000 |  |  | $ | 125,941 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aaa |  | $ | 39,085 |  |  | $ | 22,936 |  |  | $ | 2,807 |  |  | $ | — |  |  | $ | 64,828 |
Aa1 / Aa2 / Aa3 |  |  | — |  |  |  | — |  |  |  | 8,842 |  |  |  | — |  |  |  | 8,842 |
Baa1 / Baa2 / Baa3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,000 |  |  |  | 3,000 |
Not rated - Agency (1) |  |  | — |  |  |  | 71,681 |  |  |  | — |  |  |  | — |  |  |  | 71,681 |
Total |  | $ | 39,085 |  |  | $ | 94,617 |  |  | $ | 11,649 |  |  | $ | 3,000 |  |  | $ | 148,351 |
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block] |
|  | U.S. Treasury securities |  |  | U.S. agency and mortgage-backed securities |  |  | Obligations of states and political subdivisions |  |  | Corporate debt securities |  |  | Total Held to Maturity Securities |
Balance, December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 107 |  |  | $ | 107 |
Provision for credit losses |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 8 |  |  |  | 9 |
Charge-offs of securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, March 31, 2024 |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 115 |  |  | $ | 116 |

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