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Note 20 - Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at December 31, 2024

 

Description

 Balance as of December 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

 $11,688  $  $11,688  $ 

U.S. agency and mortgage-backed securities

  98,039      98,039    

Obligations of states and political subdivisions

  54,120      54,120    

Total securities available for sale

 $163,847  $  $163,847  $ 

Derivatives - cash flow hedges

  2,690      2,690    

Total assets

 $166,537  $  $166,537  $ 
      

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 December 31, 2024

 

Description

 Balance as of December 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

 $703  $  $  $703 

Other real estate owned

 $53  $  $  $53 
      

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 December 31, 2024

 
  

Fair Value

 

Valuation Technique

 

Unobservable Input

 Range (Weighted Average) (1) 

Collateral dependent loans

 $703 

Property appraisals

 

Selling cost

  10.00%

Other real estate owned

 $53 

Property appraisals

 

Selling cost

  10.00%
  

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

Fair Value Measurements at December 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 short-term investments

 $162,874  $162,874  $  $  $162,874 

Securities available for sale

  163,847      163,847      163,847 

Securities held to maturity, net

  109,741      109,741      109,741 

Restricted securities

  3,741      3,741      3,741 

Loans, net

  1,450,195         1,408,574   1,408,574 

Bank owned life insurance

  37,873      37,873      37,873 

Accrued interest receivable

  6,020      6,020      6,020 

Derivatives - cash flow hedges

  2,690      2,690      2,690 

Financial Liabilities

                    

Deposits

 $1,803,778  $  $1,445,033  $356,824  $1,801,857 

Subordinated debt

  21,176         23,596   23,596 

Junior subordinated debt

  9,279         12,310   12,310 

Accrued interest payable

  964      964      964 
      

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

  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