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v3.23.2

Note 5 - Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2023
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
June 30, 2023 |  |  |  |  |  | Fair Value Measurements Using |
Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
U.S. Treasuries |  | $ | 940 |  |  | $ | - |  |  | $ | 940 |  |  | $ | - |
U.S. Government agencies and corporations |  |  | 304,901 |  |  |  | - |  |  |  | 304,901 |  |  |  | - |
States and political subdivisions |  |  | 147,146 |  |  |  | - |  |  |  | 147,146 |  |  |  | - |
Mortgage-backed securities |  |  | 155,588 |  |  |  | - |  |  |  | 155,588 |  |  |  | - |
Corporate debt securities |  |  | 5,603 |  |  |  | - |  |  |  | 5,603 |  |  |  | - |
Total securities available for sale |  | $ | 614,178 |  |  | $ | - |  |  | $ | 614,178 |  |  | $ | - |
December 31, 2022 |  |  |  |  |  | Fair Value Measurements Using |
Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
U.S. Treasuries |  | $ | 936 |  |  | $ | - |  |  | $ | 936 |  |  | $ | - |
U.S. Government agencies and corporations |  |  | 336,575 |  |  |  | - |  |  |  | 336,575 |  |  |  | - |
States and political subdivisions |  |  | 152,200 |  |  |  | - |  |  |  | 152,200 |  |  |  | - |
Mortgage-backed securities |  |  | 161,477 |  |  |  | - |  |  |  | 161,477 |  |  |  | - |
Corporate debt securities |  |  | 5,664 |  |  |  | - |  |  |  | 5,664 |  |  |  | - |
Total securities available for sale |  | $ | 656,852 |  |  | $ | - |  |  | $ | 656,852 |  |  | $ | - |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
June 30, 2023 |  |  |  |  |  | Fair Value Measurements Using |
Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Interest rate loan contracts |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 1 |
Forward contracts |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (1 | )
Schedule of Derivative Instruments [Table Text Block] |
June 30, 2023 | Valuation Technique | Unobservable Input |  | Range (Weighted Average) |
Interest rate loan contracts | Market approach | Pull-through rate |  |  | 100.00% |
Forward contracts | Market approach | Pull-through rate |  |  | 100.00% |
Interest rate loan contracts | Market approach | Current reference price |  |  | 100.87% |
Forward contracts | Market approach | Current reference price |  |  | 100.87% |
Fair Value Measurements, Nonrecurring [Table Text Block] |
Date | Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
June 30, 2023 | OREO, net of valuation allowance |  | $ | 662 |  |  | $ | - |  |  | $ | - |  |  | $ | 662 |
December 31, 2022 | OREO, net of valuation allowance |  |  | 662 |  |  |  | - |  |  |  | - |  |  |  | 662 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
Date | Valuation Technique | Unobservable Input |  | Range (Weighted Average) |
June 30, 2023 | Discounted appraised value | Selling cost |  |  | 7.00% |
June 30, 2023 | Discounted appraised value | Discount for lack of marketability |  |  | 34.72% |
December 31, 2022 | Discounted appraised value | Selling cost |  |  | 7.00% |
December 31, 2022 | Discounted appraised value | Discount for lack of marketability |  |  | 34.72% |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | June 30, 2023 |
|  | Recorded Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 14,815 |  |  | $ | 14,815 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 55,241 |  |  |  | 55,241 |  |  |  | - |  |  |  | - |
Securities available for sale, at fair value |  |  | 614,178 |  |  |  | - |  |  |  | 614,178 |  |  |  | - |
Restricted securities |  |  | 929 |  |  |  | - |  |  |  | 929 |  |  |  | - |
Loans, net |  |  | 835,915 |  |  |  | - |  |  |  | - |  |  |  | 785,779 |
Accrued interest receivable |  |  | 5,718 |  |  |  | - |  |  |  | 5,718 |  |  |  | - |
Bank-owned life insurance |  |  | 43,081 |  |  |  | - |  |  |  | 43,081 |  |  |  | - |
Interest rate loan contracts |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,487,032 |  |  | $ | - |  |  | $ | 1,340,053 |  |  | $ | 145,244 |
Accrued interest payable |  |  | 260 |  |  |  | - |  |  |  | 260 |  |  |  | - |
Forward loan contracts |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
|  | December 31, 2022 |
|  | Recorded Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 12,403 |  |  | $ | 12,403 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 59,026 |  |  |  | 59,026 |  |  |  | - |  |  |  | - |
Securities available for sale, at fair value |  |  | 656,852 |  |  |  | - |  |  |  | 656,852 |  |  |  | - |
Restricted securities |  |  | 941 |  |  |  | - |  |  |  | 941 |  |  |  | - |
Loans, net |  |  | 844,519 |  |  |  | - |  |  |  | - |  |  |  | 781,749 |
Accrued interest receivable |  |  | 6,001 |  |  |  | - |  |  |  | 6,001 |  |  |  | - |
Bank-owned life insurance |  |  | 43,312 |  |  |  | - |  |  |  | 43,312 |  |  |  | - |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,542,725 |  |  | $ | - |  |  | $ | 1,475,096 |  |  | $ | 67,542 |
Accrued interest payable |  |  | 106 |  |  |  | - |  |  |  | 106 |  |  |  | - |

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