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Note 5 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 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		$	202,522			$	202,522			$	-			$	-
U.S. government agencies			98,049				-				98,049				-
U.S. government mortgage-backed securities			101,552				-				101,552				-
State and political subdivisions			265,299				-				265,299				-
Corporate bonds			69,522				-				69,522				-
Loans receivable			8,045				-				8,045				-
Derivative financial instruments			1,565				-				1,565				-
Liabilities
Derivative financial instruments		$	199			$	-			$	199			$	-
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		$	268			$	-			$	-			$	268
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

$

268

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		$	90,063			$	90,063			$	27,884			$	27,884
Interest-bearing time deposits	Level 1			9,889				9,221				14,669				14,340
Securities available-for-sale	See previous table			736,944				736,944				786,438				786,438
FHLB and FRB stock	Level 2			4,000				4,000				4,613				4,613
Loans receivable, net	Level 2			1,231,893				1,173,464				1,226,011				1,170,948
Loans held for sale	Level 2			428				428				154				154
Accrued income receivable	Level 1			13,794				13,794				11,275				11,275
Derivative financial instruments	Level 2			1,565				1,565				1,096				1,096
Financial liabilities:
Deposits	Level 2		$	1,828,681			$	1,828,256			$	1,897,957			$	1,895,473
Securities sold under agreements to repurchase	Level 1			60,941				60,941				40,676				40,676
Other borrowings	Level 2			105,942				105,117				39,120				38,991
Accrued interest payable	Level 1			3,561				3,561				666				666
Derivative financial instruments	Level 2			199				199				-				-

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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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