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Note 15 - Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at December 31, 2020 Using |
Description |  | Balance as of December 31, 2020 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
U.S. Government agencies and corporations |  | $ | 91,163 |  |  | $ | - |  |  | $ | 91,163 |  |  | $ | - |
States and political subdivisions |  |  | 203,961 |  |  |  | - |  |  |  | 203,961 |  |  |  | - |
Mortgage-backed securities |  |  | 249,175 |  |  |  | - |  |  |  | 249,175 |  |  |  | - |
Corporate debt securities |  |  | 2,443 |  |  |  | - |  |  |  | 2,443 |  |  |  | - |
Total securities available for sale |  | $ | 546,742 |  |  | $ | - |  |  | $ | 546,742 |  |  | $ | - |
|  |  |  |  |  | Fair Value Measurements at December 31, 2019 Using |
Description |  | Balance as of December 31, 2019 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
U.S. Government agencies and corporations |  | $ | 121,123 |  |  | $ | - |  |  | $ | 121,123 |  |  | $ | - |
States and political subdivisions |  |  | 88,239 |  |  |  | - |  |  |  | 88,239 |  |  |  | - |
Mortgage-backed securities |  |  | 221,783 |  |  |  | - |  |  |  | 221,783 |  |  |  | - |
Corporate debt securities |  |  | 4,118 |  |  |  | - |  |  |  | 4,118 |  |  |  | - |
Total securities available for sale |  | $ | 435,263 |  |  | $ | - |  |  | $ | 435,263 |  |  | $ | - |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at December 31, 2020 Using |
Description |  | Balance as of December 31, 2020 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Interest rate loan contracts |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 1 |
Forward contracts |  | $ | (11 | ) |  | $ | - |  |  | $ | - |  |  | $ | (11 | )
|  |  |  |  |  | Fair Value Measurements at December 31, 2019 Using |
Description |  | Balance as of December 31, 2019 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Interest rate loan contracts |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 1 |
Forward contracts |  | $ | (4 | ) |  | $ | - |  |  | $ | - |  |  | $ | (4 | )
Schedule of Derivative Instruments [Table Text Block] |
December 31, 2020 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |
Interest rate loan contracts |  | Market approach |  | Pull-through rate |  |  |  | 87.02%(1) |  |  |
Forward contracts |  | Market approach |  | Pull-through rate |  |  |  | 87.02%(1) |  |  |
Interest rate loan contracts |  | Market approach |  | Current reference price |  |  | 101.91% | - | 103.02% | (102.55%)(2) |
Forward contracts |  | Market approach |  | Current reference price |  |  | 101.91% | - | 103.19% | (102.67%)(2) |
December 31, 2019 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |
Interest rate loan contracts |  | Market approach |  | Pull-through rate |  |  |  | 90.00%(1) |  |  |
Forward contracts |  | Market approach |  | Pull-through rate |  |  |  | 65.60%(1) |  |  |
Interest rate loan contracts |  | Market approach |  | Current reference price |  |  | 101.49% | - | 102.06% | (101.72%)(2) |
Forward contracts |  | Market approach |  | Current reference price |  |  | 101.49% | - | 103.28% | (101.91%)(2) |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  |  |  |  |  | Carrying value |
Date | Description |  | Balance |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
| Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 | Impaired loans net of valuation allowance |  | $ | 970 |  |  | $ | - |  |  | $ | - |  |  | $ | 970 |
December 31, 2019 | Impaired loans net of valuation allowance |  |  | 1,005 |  |  |  | - |  |  |  | - |  |  |  | 1,005 |
|  |  |  |  |  |  | Carrying Value |
Date | Description |  | Balance |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
| Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2020 | Other real estate owned net of valuation allowance |  | $ | 1,553 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,553 |
December 31, 2019 | Other real estate owned net of valuation allowance |  |  | 1,612 |  |  |  | - |  |  |  | - |  |  |  | 1,612 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
Impaired Loans | Valuation Technique | Unobservable Input |  | Range (Weighted Average(1)) |
December 31, 2020 | Present value of cash flows | Discount rate |  |  | 5.50% | - | 6.50% | (5.78%) |
December 31, 2019 | Present value of cash flows | Discount rate |  |  | 5.50% | - | 6.50% | (5.77%) |
| Valuation Technique | Unobservable Input |  | Range (Weighted Average (1)) |
|  |  |  | December 31, |
|  |  |  | 2020 |  | 201 9 |
Other real estate owned | Discounted appraised value | Selling cost |  |  | 4.00%(2) | – | 9.23% | (4.54%) |  |  | 0.00%(2) | – | 6.00% | (0.68%) |
Other real estate owned | Discounted appraised value | Discount for lack of marketability and age of appraisal |  |  | 0.00% | - | 7.66% | (0.62%) |  |  | 0.00% | - | 45.17% | (1.28%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | December 31, 2020 |
|  |  |  |  |  | Estimated Fair Value |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 13,147 |  |  | $ | 13,147 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 120,725 |  |  |  | 120,725 |  |  |  | - |  |  |  | - |
Securities |  |  | 546,742 |  |  |  | - |  |  |  | 546,742 |  |  |  | - |
Restricted securities |  |  | 1,279 |  |  |  | - |  |  |  | 1,279 |  |  |  | - |
Mortgage loans held for sale |  |  | 866 |  |  |  | - |  |  |  | 866 |  |  |  | - |
Loans, net |  |  | 760,318 |  |  |  | - |  |  |  | - |  |  |  | 752,624 |
Accrued interest receivable |  |  | 5,028 |  |  |  | - |  |  |  | 5,028 |  |  |  | - |
Bank-owned life insurance |  |  | 36,444 |  |  |  | - |  |  |  | 36,444 |  |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,297,143 |  |  | $ | - |  |  | $ | 1,207,561 |  |  | $ | 89,681 |
Accrued interest payable |  |  | 56 |  |  |  | - |  |  |  | 56 |  |  |  | - |
|  | December 31, 2019 |
|  |  |  |  |  | Estimated Fair Value |
|  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 10,290 |  |  | $ | 10,290 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 76,881 |  |  |  | 76,881 |  |  |  | - |  |  |  | - |
Securities |  |  | 435,263 |  |  |  | - |  |  |  | 435,263 |  |  |  | - |
Restricted securities |  |  | 1,220 |  |  |  | - |  |  |  | 1,220 |  |  |  | - |
Mortgage loans held for sale |  |  | 905 |  |  |  | - |  |  |  | 905 |  |  |  | - |
Loans, net |  |  | 726,588 |  |  |  | - |  |  |  | - |  |  |  | 718,299 |
Accrued interest receivable |  |  | 4,285 |  |  |  | - |  |  |  | 4,285 |  |  |  | - |
Bank-owned life insurance |  |  | 35,567 |  |  |  | - |  |  |  | 35,567 |  |  |  | - |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,119,753 |  |  | $ | - |  |  | $ | 991,725 |  |  | $ | 128,011 |
Accrued interest payable |  |  | 144 |  |  |  | - |  |  |  | 144 |  |  |  | - |

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