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Note 15 - Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurement Using |
December 31, 2023 |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
U.S. government agencies and corporations |  | $ | 311,844 |  |  | $ | - |  |  | $ | 311,844 |  |  | $ | - |
States and political subdivisions |  |  | 149,893 |  |  |  | - |  |  |  | 149,893 |  |  |  | - |
Mortgage-backed securities |  |  | 150,151 |  |  |  | - |  |  |  | 150,151 |  |  |  | - |
Corporate debt securities |  |  | 5,750 |  |  |  | - |  |  |  | 5,750 |  |  |  | - |
U.S. treasury |  |  | 963 |  |  |  |  |  |  |  | 963 |  |  |  |  |
Total securities available for sale |  | $ | 618,601 |  |  | $ | - |  |  | $ | 618,601 |  |  | $ | - |
|  |  |  |  |  | Fair Value Measurement Using |
December 31, 2022 |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
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 |  |  |  | - |
U.S. treasury |  |  | 936 |  |  |  | - |  |  |  | 936 |  |  |  | - |
Total securities available for sale |  | $ | 656,852 |  |  | $ | - |  |  | $ | 656,852 |  |  | $ | - |
|  |  |  |  |  | Fair Value Measurement Using |
December 31, 2023 |  | Balance |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Interest rate loan contract |  | $ | 3 |  |  | $ | - |  |  | $ | - |  |  | $ | 3 |
Forward sale commitment |  | $ | (4 | ) |  | $ | - |  |  | $ | - |  |  | $ | (4 | )
December 31, 2023 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |
Interest rate loan contract |  | Market approach |  | Pull-through rate |  | 100%(1) |
Forward sale commitment |  | Market approach |  | Pull-through rate |  | 100%(1) |
Interest rate loan contract |  | Market approach |  | Current reference price |  | 102.64%(2) |
Forward sale commitment |  | Market approach |  | Current reference price |  | 101.60% - 102.64% (101.98%)(3) |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  |  |  |  |  | Carrying Value |
Date | Description |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
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 |  | Discount |
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] |
|  |  |  |  |  | Estimated Fair Value |
December 31, 2023 |  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 12,967 |  |  | $ | 12,967 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 73,636 |  |  |  | 73,636 |  |  |  | - |  |  |  | - |
Securities available for sale |  |  | 618,601 |  |  |  | - |  |  |  | 618,601 |  |  |  | - |
Restricted stock, at cost |  |  | 1,264 |  |  |  | - |  |  |  | 1,264 |  |  |  | - |
Mortgage loans held for sale |  |  | 406 |  |  |  | - |  |  |  | 406 |  |  |  | - |
Loans, net |  |  | 847,552 |  |  |  | - |  |  |  | - |  |  |  | 793,800 |
Accrued interest receivable |  |  | 6,313 |  |  |  | - |  |  |  | 6,313 |  |  |  | - |
Bank-owned life insurance |  |  | 43,583 |  |  |  | - |  |  |  | 43,583 |  |  |  | - |
Interest rate loan contract |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | 3 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,503,972 |  |  | $ | - |  |  | $ | 1,280,732 |  |  | $ | 222,374 |
Accrued interest payable |  |  | 1,416 |  |  |  | - |  |  |  | 1,416 |  |  |  | - |
Forward sale commitment |  |  | 4 |  |  |  | - |  |  |  | - |  |  |  | 4 |
|  |  |  |  |  | Estimated Fair Value |
December 31, 2022 |  | Carrying 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 |  |  | 656,852 |  |  |  | - |  |  |  | 656,852 |  |  |  | - |
Restricted stock, at cost |  |  | 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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