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Note 6 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

Description		Total				Level 1				Level 2				Level 3
2020
U.S. government treasuries		$	9,280			$	9,280			$	-			$	-
U.S. government agencies			104,288				-				104,288				-
U.S. government mortgage-backed securities			107,150				-				107,150				-
State and political subdivisions			216,797				-				216,797				-
Corporate bonds			76,101				-				76,101				-
		$	513,616			$	9,280			$	504,336			$	-
2019
U.S. government treasuries		$	9,452			$	9,452			$	-			$	-
U.S. government agencies			126,433				-				126,433				-
U.S. government mortgage-backed securities			81,128				-				81,128				-
State and political subdivisions			195,302				-				195,302				-
Corporate bonds			67,528				-				67,528				-
		$	479,843			$	9,452			$	470,391			$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

Description		Total				Level 1				Level 2				Level 3
2020
Loans receivable		$	2,017			$	-			$	-			$	2,017
Other real estate owned			632				-				-				632
Total		$	2,649			$	-			$	-			$	2,649
2019
Loans receivable		$	535			$	-			$	-			$	535
Other real estate owned			4,004				-				-				4,004
Total		$	4,539			$	-			$	-			$	4,539

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

2020

Estimated

Valuation

Range

Fair Value

Techniques

Unobservable Inputs

(Average)

Impaired Loans

$

2,017

Evaluation of collateral

Estimation of value

NM*

Other real estate owned

$

632

Appraisal

Appraisal adjustment

6%

-

8%

(7%)

2019

Estimated

Valuation

Range

Fair Value

Techniques

Unobservable Inputs

(Average)

Impaired Loans

$

535

Evaluation of collateral

Estimation of value

NM*

Other real estate owned

$

4,004

Appraisal

Appraisal adjustment

6%

-

8%

(7%)

Fair Value, by Balance Sheet Grouping [Table Text Block]

			2020								2019
	Fair Value						Estimated								Estimated
	Hierarchy		Carrying				Fair				Carrying				Fair
	Level		Amount				Value				Amount				Value
Financial assets:
Cash and due from banks	Level 1		$	32,528			$	32,528			$	34,617			$	34,617
Interest-bearing deposits	Level 1			145,991				145,991				108,948				108,948
Securities available-for-sale	See previous table			513,616				513,616				479,843				479,843
FHLB and FRB stock	Level 2			3,155				3,155				3,139				3,139
Loans receivable, net	Level 2			1,146,046				1,106,246				1,048,147				1,025,032
Loans held for sale	Level 2			2,033				2,033				2,777				2,777
Accrued income receivable	Level 1			10,801				10,801				11,788				11,788
Financial liabilities:
Deposits	Level 2		$	1,643,543			$	1,646,977			$	1,493,175			$	1,495,155
Securities sold under agreements to repurchase	Level 1			36,893				36,893				42,034				42,034
FHLB advances	Level 2			3,000				3,110				5,000				4,935
Accrued interest payable	Level 1			966				966				1,163				1,163

X

- Definition

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