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Note 5 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

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

Description		Total				Level 1				Level 2				Level 3
2023
Assets
Securities available-for-sale
U.S. government treasuries		$	204,156			$	204,156			$	-			$	-
U.S. government agencies			100,563				-				100,563				-
U.S. government mortgage-backed securities			109,066				-				109,066				-
State and political subdivisions			273,455				-				273,455				-
Corporate bonds			71,280				-				71,280				-
Loans receivable			8,304				-				8,304				-
Derivative financial instruments			1,152				-				1,152				-
Liabilities
Derivative financial instruments		$	51			$	-			$	51			$	-
2022
Assets
Securities available-for-sale
U.S. government treasuries		$	207,597			$	207,597			$	-			$	-
U.S. government agencies			100,933				-				100,933				-
U.S. government mortgage-backed securities			116,741				-				116,741				-
State and political subdivisions			286,003				-				286,003				-
Corporate bonds			75,164				-				75,164				-
Loans receivable			8,494				-				8,494				-
Derivative financial instruments			1,096				-				1,096				-

Fair Value Measurements, Nonrecurring [Table Text Block]

Description		Total				Level 1				Level 2				Level 3
2023
Loans receivable		$	258			$	-			$	-			$	258
2022
Loans receivable		$	304			$	-			$	-			$	304

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

		2023
		Estimated			Valuation			Range
		Fair Value			Techniques	Unobservable Inputs		(Average)
Loans receivable		$	258		Evaluation of collateral	Estimation of value			NM*

		2022
		Estimated			Valuation			Range
		Fair Value			Techniques	Unobservable Inputs		(Average)
Loans receivable		$	304		Evaluation of collateral	Estimation of value			NM*

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

			2023								2022
	Fair Value						Estimated								Estimated
	Hierarchy		Carrying				Fair				Carrying				Fair
	Level		Amount				Value				Amount				Value
Financial assets:
Cash and cash equivalents	Level 1		$	93,299			$	93,299			$	27,884			$	27,884
Interest-bearing time deposits	Level 1			11,114				10,396				14,669				14,340
Securities available-for-sale	See previous table			758,520				758,520				786,438				786,438
FHLB and FRB stock	Level 2			4,007				4,007				4,613				4,613
Loans receivable, net	Level 2			1,232,772				1,173,428				1,226,011				1,170,948
Loans held for sale	Level 2			652				652				154				154
Accrued income receivable	Level 1			10,560				10,560				11,275				11,275
Derivative financial instruments	Level 2			1,152				1,152				1,096				1,096
Financial liabilities:
Deposits	Level 2		$	1,863,277			$	1,861,647			$	1,897,957			$	1,895,473
Securities sold under agreements to repurchase	Level 1			48,081				48,081				40,676				40,676
Other borrowings	Level 2			97,400				96,666				39,120				38,991
Accrued interest payable	Level 1			2,334				2,334				666				666
Derivative financial instruments	Level 2			51				51				-				-

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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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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