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Note 6 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2025
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at September 30, 2025

 

Description

 

Balance as of September 30, 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

 $34,131  $  $34,131  $ 

U.S. agency and mortgage-backed securities

  106,642      106,642    

Obligations of states and political subdivisions

  55,703      55,703    

Total securities available for sale

 $196,476  $  $196,476  $ 

Derivatives - cash flow hedges

  2,287      2,287    

Total assets

 $198,763  $  $198,763  $ 
      

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 September 30, 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

 $189,317  $189,317  $  $  $189,317 

Securities available for sale

  196,476      196,476      196,476 

Securities held to maturity

  104,608      97,292      97,292 

Restricted securities

  4,436      4,436      4,436 

Loans, net

  1,418,750         1,391,816   1,391,816 

Bank owned life insurance

  38,652      38,652      38,652 

Accrued interest receivable

  6,238      6,238      6,238 

Derivatives - cash flow hedges

  2,287      2,287      2,287 

Financial Liabilities

                    

Deposits

 $1,809,583  $  $1,442,723  $364,180  $1,806,903 

Subordinated debt

  21,241         19,703   19,703 

Junior subordinated debt

  9,279         8,454   8,454 

Accrued interest payable

  1,739      1,739      1739 
      

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 held for sale

  409      409      409 

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