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Note 6 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 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		$	8,856			$	8,856			$	-			$	-
U.S. government agencies			97,984				-				97,984				-
U.S. government mortgage-backed securities			133,796				-				133,796				-
State and political subdivisions			233,563				-				233,563				-
Corporate bonds			74,619				-				74,619				-
		$	548,818			$	8,856			$	539,962			$	-
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		$	1,295			$	-			$	-			$	1,295
Other real estate owned			621				-				-				621
Total		$	1,916			$	-			$	-			$	1,916
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		$	1,295		Evaluation of collateral		Estimation of value		NM*
Other real estate owned		$	621		Appraisal		Appraisal adjustment	6%	-	8%	(7%)

		2020
		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		$	22,750			$	22,750			$	34,617			$	34,617
Interest-bearing deposits		Level 1			119,643				119,643				108,948				108,948
Securities available-for-sale		See previous table			548,818				548,818				479,843				479,843
FHLB and FRB stock		Level 2			3,148				3,148				3,139				3,139
Loans receivable, net		Level 2			1,159,063				1,135,210				1,048,147				1,025,032
Loans held for sale		Level 2			2,797				2,797				2,777				2,777
Accrued income receivable		Level 1			12,173				12,173				11,788				11,788
Financial liabilities:
Deposits		Level 2		$	1,660,173			$	1,663,366			$	1,493,175			$	1,495,155
Securities sold under agreements to repurchase		Level 1			30,492				30,492				42,034				42,034
FHLB advances		Level 2			3,000				3,115				5,000				4,935
Accrued interest payable		Level 1			945				945				1,163				1,163

X

- Definition

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