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Note 5 - Fair Value Measurements (Tables)

6 Months Ended

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

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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