XML 33 R23.htm IDEA: XBRL DOCUMENT v3.22.2

Note 6 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

June 30, 2022		Fair Value Measurements Using
Description		Balance				Level 1				Level 2				Level 3
U.S. Treasuries		$	955							$	955
U.S. Government agencies and corporations			334,421				-				334,421				-
States and political subdivisions			163,781				-				163,781				-
Mortgage-backed securities			177,180				-				177,180				-
Corporate debt securities			5,914				-				5,914				-
Total securities available for sale		$	682,251			$	-			$	682,251			$	-

December 31, 2021		Fair Value Measurements Using
Description		Balance				Level 1				Level 2				Level 3
U.S. Government agencies and corporations		$	278,019			$	-			$	278,019			$	-
States and political subdivisions			198,672				-				198,672				-
Mortgage-backed securities			206,174				-				206,174				-
Corporate debt securities			3,215				-				3,215				-
Total securities available for sale		$	686,080			$	-			$	686,080			$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

Date	Description		Balance				Level 1				Level 2				Level 3
June 30, 2022	OREO, net of valuation allowance		$	957			$	-			$	-			$	957
December 31, 2021	OREO, net of valuation allowance			957				-				-				957

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

Date	Valuation Technique	Unobservable Input		Range (Weighted Average)
June 30, 2022	Discounted appraised value	Selling cost			6.20%(1)
December 31, 2021	Discounted appraised value	Selling cost			6.20%(1)

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

		June 30, 2022
		Recorded Amount				Level 1				Level 2				Level 3
Financial Assets:
Cash and due from banks		$	11,798			$	11,798			$	-			$	-
Interest-bearing deposits			95,812				95,812				-				-
Securities available for sale			682,251				-				682,251				-
Restricted securities			941				-				941				-
Loans held for sale			488				-				488				-
Loans, net			840,745				-				-				797,363
Accrued interest receivable			5,506				-				5,506				-
Bank-owned life insurance			42,833				-				42,833				-
Financial Liabilities:
Deposits		$	1,577,831			$	-			$	1,496,866			$	73,452
Accrued interest payable			46				-				46				-

		December 31, 2021
		Recorded Amount				Level 1				Level 2				Level 3
Financial Assets:
Cash and due from banks		$	8,768			$	8,768			$	-			$	-
Interest-bearing deposits			130,021				130,021				-				-
Securities available for sale			686,080				-				686,080				-
Restricted securities			845				-				845				-
Loans held for sale			615				-				615				-
Loans, net			795,574				-				-				791,335
Accrued interest receivable			5,104				-				5,104				-
Bank-owned life insurance			42,354				-				42,354				-
Financial Liabilities:
Deposits		$	1,494,587			$	-			$	1,415,619			$	79,115
Accrued interest payable			48				-				48				-

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration