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Note 5 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

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

Description		Total				Level 1				Level 2				Level 3
2021
U.S. government treasuries		$	100,547			$	100,547			$	-			$	-
U.S. government agencies			116,358				-				116,358				-
U.S. government mortgage-backed securities			168,737				-				168,737				-
State and political subdivisions			275,205				-				275,205				-
Corporate bonds			79,255				-				79,255				-
		$	740,102			$	100,547			$	639,555			$	-
2020
U.S. government treasuries		$	12,053			$	12,053			$	-			$	-
U.S. government agencies			111,199				-				111,199				-
U.S. government mortgage-backed securities			150,195				-				150,195				-
State and political subdivisions			251,584				-				251,584				-
Corporate bonds			71,968				-				71,968				-
		$	596,999			$	12,053			$	584,946			$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

Description		Total				Level 1				Level 2				Level 3
2021
Loans receivable		$	8,751			$	-			$	-			$	8,751
Other real estate owned			778				-				-				778
Total		$	9,529			$	-			$	-			$	9,529
2020
Loans receivable		$	10,306			$	-			$	-			$	10,306
Other real estate owned			218				-				-				218
Total		$	10,524			$	-			$	-			$	10,524

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

		2021
		Estimated			Valuation			Range
		Fair Value			Techniques	Unobservable Inputs		(Average)
Loans receivable		$	8,751		Evaluation of collateral	Estimation of value			NM*
Other real estate owned		$	778		Appraisal	Appraisal adjustment		6%	-	8%	(7%)

		2020
		Estimated			Valuation	Unobservable Inputs		Range
		Fair Value			Techniques			(Average)
Loans receivable		$	10,306		Evaluation of collateral	Estimation of value			NM*
Other real estate owned		$	218		Appraisal	Appraisal adjustment		6%	-	8%	(7%)

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

			2021								2020
	Fair Value						Estimated								Estimated
	Hierarchy		Carrying				Fair				Carrying				Fair
	Level		Amount				Value				Amount				Value
Financial assets:
Cash and due from banks	Level 1		$	24,890			$	24,890			$	24,819			$	24,819
Interest-bearing deposits in financial institutions and federal funds sold	Level 1			141,282				141,282				166,704				166,704
Securities available-for-sale	See previous table			740,102				740,102				596,999				596,999
FHLB and FRB stock	Level 2			3,427				3,427				3,148				3,148
Loans receivable, net	Level 2			1,124,435				1,102,745				1,129,505				1,116,352
Loans held for sale	Level 2			311				311				1,621				1,621
Accrued income receivable	Level 1			9,596				9,596				11,143				11,143
Financial liabilities:
Deposits	Level 2		$	1,831,399			$	1,833,779			$	1,716,446			$	1,720,023
Securities sold under agreements to repurchase	Level 1			33,268				33,268				37,293				37,293
FHLB advances	Level 2			3,000				3,069				3,000				3,111
Accrued interest payable	Level 1			532				532				829				829

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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