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Note 5 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 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		$	138,035			$	138,035			$	-			$	-
U.S. government agencies			113,568				-				113,568				-
U.S. government mortgage-backed securities			158,766				-				158,766				-
State and political subdivisions			276,652				-				276,652				-
Corporate bonds			78,402				-				78,402				-
		$	765,423			$	138,035			$	627,388			$	-
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		$	8,989			$	-			$	-			$	8,989
Other real estate owned			768				-				-				768
Total		$	9,757			$	-			$	-			$	9,757
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]

2020

Estimated

Valuation

Range

Fair Value

Techniques

Unobservable Inputs

(Average)

Loans receivable

$

8,989

Evaluation of collateral

Estimation of value

NM*

Other real estate owned

$

768

Appraisal

Appraisal adjustment

6%

-

8%

(7%)

2020

Estimated

Valuation

Range

Fair Value

Techniques

Unobservable Inputs

(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		$	25,607			$	25,607			$	24,819			$	24,819
Interest-bearing deposits in financial institutions and federal funds sold	Level 1			122,786				122,786				166,704				166,704
Securities available-for-sale	See previous table			765,423				765,423				596,999				596,999
FHLB and FRB stock	Level 2			3,424				3,424				3,148				3,148
Loans receivable, net	Level 2			1,126,059				1,102,573				1,129,505				1,116,352
Loans held for sale	Level 2			378				378				1,621				1,621
Accrued income receivable	Level 1			11,178				11,178				11,143				11,143
Financial liabilities:
Deposits	Level 2		$	1,836,708			$	1,839,016			$	1,716,446			$	1,720,023
Securities sold under agreements to repurchase	Level 1			36,277				36,277				37,293				37,293
FHLB advances	Level 2			3,000				3,069				3,000				3,111
Accrued interest payable	Level 1			450				450				829				829

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