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Note 6 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Notes Tables

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

						Fair Value Measurements at March 31, 2025
Description		Balance as of March 31, 2025				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		$	11,840			$	—			$	11,840			$	—
U.S. agency and mortgage-backed securities			95,071				—				95,071				—
Obligations of states and political subdivisions			54,065				—				54,065				—
Total securities available for sale		$	160,976			$	—			$	160,976			$	—
Derivatives - cash flow hedges			2,474				—				2,474				—
Total assets		$	163,450			$	—			$	163,450			$	—

						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, 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)
Other real estate owned		$	53			$	—			$	—			$	53

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)
Other real estate owned		$	53		Property appraisals		Selling cost			10.00	%

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

						Fair Value Measurements at March 31, 2025 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		$	206,032			$	206,032			$	—			$	—			$	206,032
Securities available for sale			160,976				—				160,976				—				160,976
Securities held to maturity			108,292				—				98,858				—				98,858
Restricted securities			4,436				—				4,436				—				4,436
Loans, net			1,435,215				—				—				1,397,906				1,397,906
Bank owned life insurance			38,136				—				38,136				—				38,136
Accrued interest receivable			6,126				—				6,126				—				6,126
Derivatives - cash flow hedges			2,474				—				2,474				—				2,474
Financial Liabilities
Deposits		$	1,824,976			$	—			$	1,462,583			$	359,392			$	1,821,975
Subordinated debt			21,461				—				—				19,924				19,924
Junior subordinated debt			9,279				—				—				8,511				8,511
Accrued interest payable			1,702				—				1,702				—				1702

						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 interest-bearing deposits in banks		$	162,874			$	162,874			$	—			$	—			$	162,874
Securities available for sale			163,847				—				163,847				—				163,847
Securities held to maturity			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

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- 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.

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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).

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