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Note 15 - Fair Value Measurements (Tables)

12 Months Ended

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						2019
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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