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v3.24.3

Note 2 - Securities (Tables) | 9 Months Ended
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Sep. 30, 2024
Notes Tables |
Schedule of Available-for-sale and Held-to-maturity Reconciliation [Table Text Block] |
|  | September 30, 2024 |
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized (Losses) |  |  | Fair Value |  |  | Allowance for Credit Losses |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 12,481 |  |  | $ | — |  |  | $ | (652 | ) |  | $ | 11,829 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 87,739 |  |  |  | 57 |  |  |  | (9,641 | ) |  |  | 78,155 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 63,036 |  |  |  | 8 |  |  |  | (7,015 | ) |  |  | 56,029 |  |  |  | — |
Total securities available for sale |  | $ | 163,256 |  |  | $ | 65 |  |  | $ | (17,308 | ) |  | $ | 146,013 |  |  | $ | — |
Securities held to maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury securities |  | $ | 19,535 |  |  | $ | — |  |  | $ | (60 | ) |  | $ | 19,475 |  |  | $ | — |
U.S. agency and mortgage-backed securities |  |  | 88,342 |  |  |  | — |  |  |  | (6,509 | ) |  |  | 81,833 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 10,653 |  |  |  | 108 |  |  |  | (799 | ) |  |  | 9,962 |  |  |  | (1 | )
Corporate debt securities |  |  | 2,999 |  |  |  | — |  |  |  | (450 | ) |  |  | 2,549 |  |  |  | (103 | )
Total securities held to maturity |  | $ | 121,529 |  |  | $ | 108 |  |  | $ | (7,818 | ) |  | $ | 113,819 |  |  | $ | (104 | )
Total securities |  | $ | 284,785 |  |  | $ | 173 |  |  | $ | (25,126 | ) |  | $ | 259,832 |  |  | $ | (104 | )
|  | 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] |
|  | September 30, 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 |  | $ | — |  |  | $ | — |  |  | $ | 11,829 |  |  | $ | (652 | ) |  | $ | 11,829 |  |  | $ | (652 | )
U.S. agency and mortgage-backed securities |  |  | 617 |  |  |  | (5 | ) |  |  | 73,033 |  |  |  | (9,636 | ) |  |  | 73,650 |  |  |  | (9,641 | )
Obligations of states and political subdivisions |  |  | 2,984 |  |  |  | (138 | ) |  |  | 48,529 |  |  |  | (6,877 | ) |  |  | 51,513 |  |  |  | (7,015 | )
Total securities available for sale |  | $ | 3,601 |  |  | $ | (143 | ) |  | $ | 133,391 |  |  | $ | (17,165 | ) |  | $ | 136,992 |  |  | $ | (17,308 | )
|  | 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 |  | $ | 1,131 |  |  | $ | 1,121 |  |  | $ | 10,173 |  |  | $ | 10,148 |
Due after one year through five years |  |  | 33,108 |  |  |  | 31,555 |  |  |  | 27,942 |  |  |  | 26,912 |
Due after five years through ten years |  |  | 28,340 |  |  |  | 25,846 |  |  |  | 12,309 |  |  |  | 11,588 |
Due after ten years |  |  | 100,677 |  |  |  | 87,491 |  |  |  | 71,106 |  |  |  | 65,172 |
|  | $ | 163,256 |  |  | $ | 146,013 |  |  | $ | 121,530 |  |  | $ | 113,820 |
Marketable Securities [Table Text Block] |
|  | September 30, 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 |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aaa |  | $ | 19,535 |  |  | $ | 23,113 |  |  | $ | 2,492 |  |  | $ | — |  |  | $ | 45,140 |
Aa1 / Aa2 / Aa3 |  |  | — |  |  |  | — |  |  |  | 8,161 |  |  |  | — |  |  |  | 8,161 |
Baa1 / Baa2 / Baa3 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,000 |  |  |  | 3,000 |
Not rated - Agency (1) |  |  | — |  |  |  | 65,229 |  |  |  | — |  |  |  | — |  |  |  | 65,229 |
Total |  | $ | 19,535 |  |  | $ | 88,342 |  |  | $ | 10,653 |  |  | $ | 3,000 |  |  | $ | 121,530 |
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 |  |  |  | (4 | ) |  |  | (3 | )
Charge-offs of securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance, September 30, 2024 |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 103 |  |  | $ | 104 |
|  | 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, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Adjustment for adoption of ASU 2016-13 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 134 |  |  |  | 134 |
Provision for credit losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | 10 |
Charge-offs of securities |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (37 | ) |  |  | (37 | )
Balance, December 31, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 107 |  |  | $ | 107 |

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