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Note 5 - Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurement Using |
March 31, 2024 |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
U.S. government agencies and corporations |  | $ | 307,989 |  |  | $ | - |  |  | $ | 307,989 |  |  | $ | - |
States and political subdivisions |  |  | 147,999 |  |  |  | - |  |  |  | 147,999 |  |  |  | - |
Mortgage-backed securities |  |  | 147,323 |  |  |  | - |  |  |  | 147,323 |  |  |  | - |
Corporate debt securities |  |  | 5,688 |  |  |  | - |  |  |  | 5,688 |  |  |  | - |
U.S. treasury |  |  | 969 |  |  |  | - |  |  |  | 969 |  |  |  | - |
Total securities available for sale |  | $ | 609,968 |  |  | $ | - |  |  | $ | 609,968 |  |  | $ | - |
|  |  |  |  |  | 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 |
March 31, 2024 |  | Balance |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Interest rate loan contract |  | $ | 2 |  |  | $ | - |  |  | $ | - |  |  | $ | 2 |
Forward sale commitment |  | $ | (2 | ) |  | $ | - |  |  | $ | - |  |  | $ | (2 | )
March 31, 2024 | 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 | 102.61% | - | 103.05% (102.76%)(2)
Forward sale commitment | Market approach | Current reference price | 102.61% | - | 103.05% (102.76%)(2)
|  |  |  |  |  | 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%(3) |
Forward sale commitment | Market approach | Current reference price | 101.60% | - | 102.64% (101.98%)(2)
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  | Estimated Fair Value |
March 31, 2024 |  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 10,656 |  |  | $ | 10,656 |  |  | $ | - |  |  | $ | - |
Interest-bearing deposits |  |  | 110,527 |  |  |  | 110,527 |  |  |  | - |  |  |  | - |
Securities available for sale |  |  | 609,968 |  |  |  | - |  |  |  | 609,968 |  |  |  | - |
Restricted stock, at cost |  |  | 1,248 |  |  |  | - |  |  |  | 1,248 |  |  |  | - |
Loans, net |  |  | 854,493 |  |  |  | - |  |  |  | - |  |  |  | 790,540 |
Accrued interest receivable |  |  | 6,478 |  |  |  | - |  |  |  | 6,478 |  |  |  | - |
Bank-owned life insurance |  |  | 43,840 |  |  |  | - |  |  |  | 43,840 |  |  |  | - |
Interest rate loan contract |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 2 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,537,808 |  |  | $ | - |  |  | $ | 1,297,907 |  |  | $ | 241,538 |
Accrued interest payable |  |  | 2,514 |  |  |  | - |  |  |  | 2,514 |  |  |  | - |
Forward sale commitment |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | 2 |
|  |  |  |  |  | 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 |

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- 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 -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- 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/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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