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Note 6 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

						Fair Value Measurements at March 31, 2024
Description		Balance as of March 31, 2024				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		$	11,399			$	—			$	11,399			$	—
U.S. agency and mortgage-backed securities			80,968				—				80,968				—
Obligations of states and political subdivisions			55,308				—				55,308				—
Total securities available for sale		$	147,675			$	—			$	147,675			$	—
Derivatives - cash flow hedges			2,672				—				2,672				—
Total assets		$	150,347			$	—			$	150,347			$	—

						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, Nonrecurring [Table Text Block]

						Fair Value Measurements at March 31, 2024
Description		Balance as of March 31, 2024				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Collateral dependent loans		$	812			$	—			$	—			$	812

						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 Measurement Inputs and Valuation Techniques [Table Text Block]

		Quantitative information about Level 3 Fair Value Measurements for March 31, 2024
		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average) (1)
Collateral dependent loans		$	812		Present value of cash flows		Discount rate			6.50	%

		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		Present value of cash flows		Discount rate			6.50	%

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

						Fair Value Measurements at March 31, 2024 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		$	138,709			$	138,709			$	—			$	—			$	138,709
Securities available for sale			147,675				—				147,675				—				147,675
Securities held to maturity			125,825				—				113,973				—				113,973
Restricted securities			2,112				—				2,112				—				2,112
Loans, net			960,371				—				—				922,604				922,604
Bank owned life insurance			24,652				—				24,652				—				24,652
Accrued interest receivable			4,978				—				4,978				—				4,978
Derivatives - cash flow hedges			2,672				—				2,672				—				2,672
Financial Liabilities
Deposits		$	1,259,137			$	—				1,061,550				194,320			$	1,255,870
Other borrowings			50,000				—				—				49,816				49,816
Subordinated debt			4,998				—				—				5,487				5,487
Junior subordinated debt			9,279				—				—				8,141				8,141
Accrued interest payable			864				—				864				—				864

						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 interest-bearing deposits in banks		$	87,161			$	87,161			$	—			$	—			$	87,161
Securities available for sale			152,857				—				152,857				—				152,857
Securities held to maturity			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
Other 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

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- Definition

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+ References

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+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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+ References

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