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Note 5 - Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
Description |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government treasuries |  | $ | 208,130 |  |  | $ | 208,130 |  |  | $ | - |  |  | $ | - |
U.S. government agencies |  |  | 110,149 |  |  |  | - |  |  |  | 110,149 |  |  |  | - |
U.S. government mortgage-backed securities |  |  | 130,907 |  |  |  | - |  |  |  | 130,907 |  |  |  | - |
State and political subdivisions |  |  | 298,733 |  |  |  | - |  |  |  | 298,733 |  |  |  | - |
Corporate bonds |  |  | 80,470 |  |  |  | - |  |  |  | 80,470 |  |  |  | - |
Derivative financial instruments |  |  | 733 |  |  |  | - |  |  |  | 733 |  |  |  | - |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government treasuries |  | $ | 190,479 |  |  | $ | 190,479 |  |  | $ | - |  |  | $ | - |
U.S. government agencies |  |  | 116,014 |  |  |  | - |  |  |  | 116,014 |  |  |  | - |
U.S. government mortgage-backed securities |  |  | 149,601 |  |  |  | - |  |  |  | 149,601 |  |  |  | - |
State and political subdivisions |  |  | 292,859 |  |  |  | - |  |  |  | 292,859 |  |  |  | - |
Corporate bonds |  |  | 82,050 |  |  |  | - |  |  |  | 82,050 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 527 |  |  | $ | - |  |  | $ | 527 |  |  | $ | - |
Fair Value Measurements, Nonrecurring [Table Text Block] |
Description |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable |  | $ | 8,762 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,762 |
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans receivable |  | $ | 9,012 |  |  | $ | - |  |  | $ | - |  |  | $ | 9,012 |
Other real estate owned |  |  | 218 |  |  |  | - |  |  |  | - |  |  |  | 218 |
Total |  | $ | 9,230 |  |  | $ | - |  |  | $ | - |  |  | $ | 9,230 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | 2022 |
|  | Estimated |  | Valuation |  |  | Range |
|  | Fair Value |  | Techniques | Unobservable Inputs |  | (Average) |
Loans receivable |  | $ | 8,762 |  | Evaluation of collateral | Estimation of value |  |  | NM* |
|  | 2021 |  |  |
|  | Estimated |  | Valuation |  |  | Range |
|  | Fair Value |  | Techniques | Unobservable Inputs |  | (Average) |
Loans receivable |  | $ | 9,012 |  | 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] |
|  |  | 2022 |  |  | 2021 |
| Fair Value |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |
| Hierarchy |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
| Level |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | Level 1 |  | $ | 74,678 |  |  | $ | 74,678 |  |  | $ | 89,129 |  |  | $ | 89,129 |
Interest-bearing time deposits | Level 1 |  |  | 14,677 |  |  |  | 14,677 |  |  |  | 16,922 |  |  |  | 16,922 |
Securities available-for-sale | See previous table |  |  | 828,389 |  |  |  | 828,389 |  |  |  | 831,003 |  |  |  | 831,003 |
FHLB and FRB stock | Level 2 |  |  | 3,201 |  |  |  | 3,201 |  |  |  | 3,422 |  |  |  | 3,422 |
Loans receivable, net | Level 2 |  |  | 1,140,609 |  |  |  | 1,099,249 |  |  |  | 1,144,108 |  |  |  | 1,112,684 |
Loans held for sale | Level 2 |  |  | 473 |  |  |  | 473 |  |  |  | - |  |  |  | - |
Accrued income receivable | Level 1 |  |  | 9,478 |  |  |  | 9,478 |  |  |  | 10,124 |  |  |  | 10,124 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | Level 2 |  | $ | 1,926,140 |  |  | $ | 1,926,942 |  |  | $ | 1,878,019 |  |  | $ | 1,880,137 |
Securities sold under agreements to repurchase | Level 1 |  |  | 35,666 |  |  |  | 35,666 |  |  |  | 39,851 |  |  |  | 39,851 |
FHLB advances and other borrowings | Level 2 |  |  | 4,000 |  |  |  | 3,994 |  |  |  | 3,000 |  |  |  | 3,071 |
Accrued interest payable | Level 1 |  |  | 299 |  |  |  | 299 |  |  |  | 353 |  |  |  | 353 |

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- Definition 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). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
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