XML 39 R27.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Note 6 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

						Fair Value Measurements at June 30, 2024
Description		Balance as of June 30, 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		$	11,461			$	—			$	11,461			$	—
U.S. agency and mortgage-backed securities			78,830				—				78,830				—
Obligations of states and political subdivisions			54,525				—				54,525				—
Total securities available for sale		$	144,816			$	—			$	144,816			$	—
Derivatives - cash flow hedges			2,685				—				2,685				—
Total assets		$	147,501			$	—			$	147,501			$	—

						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 June 30, 2024
Description		Balance as of June 30, 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		$	785			$	—			$	—			$	785

						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 June 30, 2024
		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average) (1)
Collateral dependent loans		$	785		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 June 30, 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		$	135,635			$	135,635			$	—			$	—			$	135,635
Securities available for sale			144,816				—				144,816				—				144,816
Securities held to maturity			123,497				—				112,133				—				112,133
Restricted securities			2,112				—				2,112				—				2,112
Loans, net			977,423				—				—				942,911				942,911
Bank owned life insurance			24,802				—				24,802				—				24,802
Accrued interest receivable			4,916				—				4,916				—				4,916
Derivatives - cash flow hedges			2,685				—				2,685				—				2,685
Financial Liabilities
Deposits		$	1,265,796			$	—				1,062,979				199,677			$	1,262,656
Other borrowings			50,000				—				—				49,850				49,850
Subordinated debt			4,998				—				—				5,395				5,395
Junior subordinated debt			9,279				—				—				8,143				8,143
Accrued interest payable			812				—				812				—				812

						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

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://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-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://www.xbrl.org/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-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://www.xbrl.org/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-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 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