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Note 6 - Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2021
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2021 Using
Description |  | Balance as of September 30, 2021 |  | 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 |  | $ | 220,191 |  |  | $ | - |  |  | $ | 220,191 |  |  | $ | - |
States and political subdivisions |  |  | 199,307 |  |  |  | - |  |  |  | 199,307 |  |  |  | - |
Mortgage-backed securities |  |  | 218,752 |  |  |  | - |  |  |  | 218,752 |  |  |  | - |
Corporate debt securities |  |  | 3,236 |  |  |  | - |  |  |  | 3,236 |  |  |  | - |
Total securities available for sale |  | $ | 641,486 |  |  | $ | - |  |  | $ | 641,486 |  |  | $ | - |
|  |  |  |  |  | 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, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2021 Using
Description |  | Balance as of September 30, 2021 |  | 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 |  | $ | (4 | ) |  | $ | - |  |  | $ | - |  |  | $ | (4 | )
Forward contracts |  | $ | 3 |  |  | $ | - |  |  | $ | - |  |  | $ | 3 |
|  |  |  |  |  | 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 | )
Schedule of Derivative Instruments [Table Text Block] |
September 30, 2021 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
Interest rate loan contracts |  | Market approach |  | Pull-through rate |  |  |  | 85.00%(2) |  |
Forward contracts |  | Market approach |  | Pull-through rate |  |  |  | 85.00%(2) |  |
Interest rate loan contracts |  | Market approach |  | Current reference price |  |  | 100.37% | - | 101.13% | (100.73%)(1)
Forward contracts |  | Market approach |  | Current reference price |  |  | 100.37% | - | 102.67% | (101.21%)(1)
December 31, 2020 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
Interest rate loan contracts |  | Market approach |  | Pull-through rate |  |  |  | 87.02%(2) |  |
Forward contracts |  | Market approach |  | Pull-through rate |  |  |  | 87.02%(2) |  |
Interest rate loan contracts |  | Market approach |  | Current reference price |  |  | 101.91% | - | 103.02% | (102.55%)(1)
Forward contracts |  | Market approach |  | Current reference price |  |  | 101.91% | - | 103.19% | (102.67%)(1)
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 |
|  |  |  |  |  |  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2021 | OREO, net of valuation allowance |  | $ | 957 |  |  | $ | - |  |  | $ | - |  |  | $ | 957 |
December 31, 2020 | OREO, net of valuation allowance |  |  | 1,553 |  |  |  | - |  |  |  | - |  |  |  | 1,553 |
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%)
September 30, 2021 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average(1))
OREO |  | Discounted appraised value |  | Selling cost |  |  | 6.20%(3) |
December 31, 2020 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average(1))
OREO |  | Discounted appraised value |  | Selling cost |  |  | 4.00% | – | 9.23% | (4.54%)(2)
OREO |  | Discounted appraised value |  | Discount for lack of marketability and age of appraisal |  |  | 0.00% | – | 7.66% | (0.62%)(1)
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | September 30, 2021
|  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 11,728 |  |  | $ | 11,728 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 118,863 |  |  |  | 118,863 |  |  |  | - |  |  |  | - |
Securities |  |  | 641,486 |  |  |  | - |  |  |  | 641,486 |  |  |  | - |
Restricted securities |  |  | 845 |  |  |  | - |  |  |  | 845 |  |  |  | - |
Loans held for sale |  |  | 235 |  |  |  | - |  |  |  | 235 |  |  |  | - |
Loans, net |  |  | 789,796 |  |  |  | - |  |  |  | - |  |  |  | 777,049 |
Accrued interest receivable |  |  | 5,161 |  |  |  | - |  |  |  | 5,161 |  |  |  | - |
Bank-owned life insurance |  |  | 42,108 |  |  |  | - |  |  |  | 42,108 |  |  |  | - |
Forward contracts |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | 3 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,432,734 |  |  | $ | - |  |  | $ | 1,350,279 |  |  | $ | 82,626 |
Accrued interest payable |  |  | 46 |  |  |  | - |  |  |  | 46 |  |  |  | - |
Interest rate loan contracts |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | 4 |
|  | December 31, 2020
|  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs 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 |  |  |  | - |
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 |  |  |  | - |
Interest rate loan contracts |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,297,143 |  |  | $ | - |  |  | $ | 1,207,561 |  |  | $ | 89,681 |
Accrued interest payable |  |  | 56 |  |  |  | - |  |  |  | 56 |  |  |  | - |
Forward contracts |  |  | 11 |  |  |  | - |  |  |  | - |  |  |  | 11 |

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