XML 57 R46.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 15 - Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  | Fair Value Measurement Using |
December 31, 2024 |  | Balance |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
U.S. government agencies and corporations |  | $ | 311,124 |  |  | $ | - |  |  | $ | 311,124 |  |  | $ | - |
States and political subdivisions |  |  | 145,734 |  |  |  | - |  |  |  | 145,734 |  |  |  | - |
Mortgage-backed securities |  |  | 138,298 |  |  |  | - |  |  |  | 138,298 |  |  |  | - |
Corporate debt securities |  |  | 5,743 |  |  |  | - |  |  |  | 5,743 |  |  |  | - |
U.S. treasury |  |  | 999 |  |  |  | - |  |  |  | 999 |  |  |  | - |
Total securities available for sale |  | $ | 601,898 |  |  | $ | - |  |  | $ | 601,898 |  |  | $ | - |
|  |  |  |  | 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, 2024 |  | Balance |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Forward sale commitment |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 1 |
Interest rate loan contract |  | $ | (1 | ) |  | $ | - |  |  | $ | - |  |  | $ | (1 | )
December 31, 2024 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
Interest rate loan contract |  | Market approach |  | Pull-through rate |  | 96.00%(1)(2)
Forward sale commitment |  | Market approach |  | Pull-through rate |  | 96.00%(1)(2)
Interest rate loan contract |  | Market approach |  | Current reference price |  | 100.44%(1)(2)
Forward sale commitment |  | Market approach |  | Current reference price |  | 100.44%(1)(2)
(1) All contracts are valued using the same pull-through rate (2) Comprised of only one loan.
|  |  |  |  | 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)
(1) All contracts are valued using the same pull-through rate (2) Comprised of only one loan. (3) Current reference prices were weighted by the relative amount of the loan
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  | Estimated Fair Value |
December 31, 2024 |  | Carrying Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 13,564 |  |  | $ | 13,564 |  |  | $ | - |  |  | $ | - |
Federal funds sold |  |  | 299 |  |  |  | 299 |  |  |  | - |  |  |  | - |
Interest-bearing deposits |  |  | 94,254 |  |  |  | 94,254 |  |  |  | - |  |  |  | - |
Securities available for sale |  |  | 601,898 |  |  |  | - |  |  |  | 601,898 |  |  |  | - |
Restricted stock, at cost |  |  | 1,848 |  |  |  | - |  |  |  | 1,848 |  |  |  | - |
Mortgage loans held for sale |  |  | 619 |  |  |  | - |  |  |  | 619 |  |  |  | - |
Loans, net |  |  | 977,688 |  |  |  | - |  |  |  | - |  |  |  | 927,581 |
Accrued interest receivable |  |  | 6,469 |  |  |  | - |  |  |  | 6,469 |  |  |  | - |
Bank-owned life insurance |  |  | 47,369 |  |  |  | - |  |  |  | 47,369 |  |  |  | - |
Forward sale commitment |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,644,752 |  |  | $ | - |  |  | $ | 1,332,138 |  |  | $ | 312,811 |
Accrued interest payable |  |  | 1,462 |  |  |  | - |  |  |  | 1,462 |  |  |  | - |
Interest rate loan contract |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
|  |  |  |  | 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 |

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 -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
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/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
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