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v3.22.2.2

Note 6 - Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2022
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
September 30, 2022 |  |  |  |  |  | Fair Value Measurements Using |
Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
U.S. Treasuries |  | $ | 932 |  |  | $ | - |  |  | $ | 932 |  |  | $ | - |
U.S. Government agencies and corporations |  |  | 334,530 |  |  |  | - |  |  |  | 334,530 |  |  |  | - |
States and political subdivisions |  |  | 149,160 |  |  |  | - |  |  |  | 149,160 |  |  |  | - |
Mortgage-backed securities |  |  | 167,244 |  |  |  | - |  |  |  | 167,244 |  |  |  | - |
Corporate debt securities |  |  | 5,544 |  |  |  | - |  |  |  | 5,544 |  |  |  | - |
Total securities available for sale |  | $ | 657,410 |  |  | $ | - |  |  | $ | 657,410 |  |  | $ | - |
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, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
September 30, 2022 |  |  |  |  |  | Fair Value Measurements Using |
Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Interest rate loan contracts |  | $ | (9 | ) |  | $ | - |  |  | $ | - |  |  | $ | (9 | )
Forward contracts |  |  | 9 |  |  |  | - |  |  |  | - |  |  |  | 9 |
Schedule of Derivative Instruments [Table Text Block] |
September 30, 2022 | Valuation Technique | Unobservable Input |  | Range (Weighted Average) |
Interest rate loan contracts | Market approach | Pull-through rate |  |  | 46.97% |
Forward contracts | Market approach | Pull-through rate |  |  | 46.97% |
Interest rate loan contracts | Market approach | Current reference price |  |  | 94.83% |
Forward contracts | Market approach | Current reference price |  |  | 94.83% |
Fair Value Measurements, Nonrecurring [Table Text Block] |
Date | Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
September 30, 2022 | OREO, net of valuation allowance |  | $ | 907 |  |  | $ | - |  |  | $ | - |  |  | $ | 907 |
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) |
September 30, 2022 | Discounted appraised value | Selling cost |  |  | 7.19%(1) |
September 30, 2022 | Discounted appraised value | Discount for lack of marketability |  |  | 9.63%(1) |
December 31, 2021 | Discounted appraised value | Selling cost |  |  | 6.20%(1) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | September 30, 2022 |
|  | Recorded Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 10,957 |  |  | $ | 10,957 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 79,466 |  |  |  | 79,466 |  |  |  | - |  |  |  | - |
Securities available for sale |  |  | 657,410 |  |  |  | - |  |  |  | 657,410 |  |  |  | - |
Restricted securities |  |  | 941 |  |  |  | - |  |  |  | 941 |  |  |  | - |
Loans, net |  |  | 844,656 |  |  |  | - |  |  |  | - |  |  |  | 801,779 |
Accrued interest receivable |  |  | 5,822 |  |  |  | - |  |  |  | 5,822 |  |  |  | - |
Bank-owned life insurance |  |  | 43,072 |  |  |  | - |  |  |  | 43,072 |  |  |  | - |
Forward loan contracts |  |  | 9 |  |  |  | - |  |  |  | - |  |  |  | 9 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,570,649 |  |  | $ | - |  |  | $ | 1,493,626 |  |  | $ | 76,946 |
Accrued interest payable |  |  | 40 |  |  |  | - |  |  |  | 40 |  |  |  | - |
Interest rate loan contracts |  |  | 9 |  |  |  | - |  |  |  | - |  |  |  | 9 |
|  | 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 |  |  |  | - |
Mortgage 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 |  |  |  | - |

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