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Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

Description		Total				Level 1				Level 2				Level 3
2024
Assets
Securities available-for-sale
U.S. government treasuries		$	200,328			$	200,328			$	-			$	-
U.S. government agencies			92,265				-				92,265				-
U.S. government mortgage-backed securities			98,159				-				98,159				-
State and political subdivisions			262,855				-				262,855				-
Corporate bonds			69,598				-				69,598				-
Loans receivable			8,096				-				8,096				-
Derivative financial instruments			1,203				-				1,203				-
Liabilities
Derivative financial instruments		$	238			$	-			$	238			$	-
2023
Assets
Securities available-for-sale
U.S. government treasuries		$	200,088			$	200,088			$	-			$	-
U.S. government agencies			92,615				-				92,615				-
U.S. government mortgage-backed securities			101,864				-				101,864				-
State and political subdivisions			269,891				-				269,891				-
Corporate bonds			71,931				-				71,931				-
Loans receivable			8,327				-				8,327				-
Derivative financial instruments			1,225				-				1,225				-
Liabilities
Derivative financial instruments		$	745			$	-			$	745			$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

Description		Total				Level 1				Level 2				Level 3
2024
Collateral dependent loans		$	111			$	-			$	-			$	111
2023
Collateral dependent loans		$	105			$	-			$	-			$	105

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

		2024
		Estimated			Valuation			Range
		Fair Value			Techniques	Unobservable Inputs		(Average)
Collateral dependent loans		$	111		Evaluation of collateral	Estimation of value			NM*

		2023
		Estimated			Valuation			Range
		Fair Value			Techniques	Unobservable Inputs		(Average)
Collateral dependent loans		$	105		Evaluation of collateral	Estimation of value			NM*

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

			2024								2023
	Fair Value						Estimated								Estimated
	Hierarchy		Carrying				Fair				Carrying				Fair
	Level		Amount				Value				Amount				Value
Financial assets:
Cash and cash equivalents	Level 1		$	111,402			$	111,402			$	55,101			$	55,101
Interest-bearing time deposits	Level 1			7,660				7,239				8,904				8,444
Securities available-for-sale	See previous table			723,205				723,205				736,389				736,389
FHLB and FRB stock	Level 2			3,593				3,593				3,086				3,086
Loans receivable, net	Level 2			1,272,580				1,217,229				1,277,812				1,224,446
Loans held for sale	Level 2			739				739				124				124
Accrued income receivable	Level 1			12,246				12,246				12,953				12,953
Derivative financial instruments	Level 2			1,203				1,203				1,225				1,225
Financial liabilities:
Deposits	Level 2		$	1,872,123			$	1,873,135			$	1,811,831			$	1,812,718
Securities sold under agreements to repurchase	Level 1			53,037				53,037				53,994				53,994
Other borrowings	Level 2			90,284				84,252				110,588				110,376
Accrued interest payable	Level 1			2,571				2,571				4,710				4,710
Derivative financial instruments	Level 2			238				238				745				745

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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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