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Note 5 - Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2025
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
Description |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government treasuries |  | $ | 158,963 |  |  | $ | 158,963 |  |  | $ | - |  |  | $ | - |
U.S. government agencies |  |  | 86,624 |  |  |  | - |  |  |  | 86,624 |  |  |  | - |
U.S. government mortgage-backed securities |  |  | 89,240 |  |  |  | - |  |  |  | 89,240 |  |  |  | - |
State and political subdivisions |  |  | 245,561 |  |  |  | - |  |  |  | 245,561 |  |  |  | - |
Corporate bonds |  |  | 60,028 |  |  |  | - |  |  |  | 60,028 |  |  |  | - |
Loans receivable |  |  | 7,990 |  |  |  | - |  |  |  | 7,990 |  |  |  | - |
Derivative financial instruments |  |  | 876 |  |  |  | - |  |  |  | 876 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 351 |  |  | $ | - |  |  | $ | 351 |  |  | $ | - |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government treasuries |  | $ | 167,715 |  |  | $ | 167,715 |  |  | $ | - |  |  | $ | - |
U.S. government agencies |  |  | 83,433 |  |  |  | - |  |  |  | 83,433 |  |  |  | - |
U.S. government mortgage-backed securities |  |  | 91,050 |  |  |  | - |  |  |  | 91,050 |  |  |  | - |
State and political subdivisions |  |  | 245,562 |  |  |  | - |  |  |  | 245,562 |  |  |  | - |
Corporate bonds |  |  | 60,753 |  |  |  | - |  |  |  | 60,753 |  |  |  | - |
Loans receivable |  |  | 7,923 |  |  |  | - |  |  |  | 7,923 |  |  |  | - |
Derivative financial instruments |  |  | 996 |  |  |  | - |  |  |  | 996 |  |  |  | - |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | $ | 248 |  |  | $ | - |  |  | $ | 248 |  |  | $ | - |
Fair Value Measurements, Nonrecurring [Table Text Block] |
Description |  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent loans |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collateral dependent loans |  | $ | 385 |  |  | $ | - |  |  | $ | - |  |  | $ | 385 |
As of March 31, 2025, individually analyzed collateral dependent loans with a carrying value of $1.2 million were reduced by a specific reserve of $1.2 million, resulting in no reported fair value. As of December 31, 2024, individually analyzed collateral dependent loans with a carrying value of $483 thousand were reduced by a specific reserve of $98 thousand resulting in a reporting fair value of $385 thousand.
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | 2025 |
|  | Estimated |  | Valuation | Unobservable |  |  |
|  | Fair Value |  | Techniques | Inputs |  | Range |
Collateral dependent loans |  | $ | - |  | Fair value of collateral | Valuation adjustments |  |  | 0% - 20% |
|  | 2024 |
|  | Estimated |  | Valuation | Unobservable |  |  |
|  | Fair Value |  | Techniques | Inputs |  | Range |
Collateral dependent loans |  | $ | 385 |  | Fair value of collateral | Valuation adjustments |  |  | 0% - 25% |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  | 2025 |  |  | 2024 |
| Fair Value |  |  |  |  |  | Estimated |  |  |  |  |  |  | Estimated |
| Hierarchy |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
| Level |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | Level 1 |  | $ | 163,391 |  |  | $ | 163,391 |  |  | $ | 101,227 |  |  | $ | 101,227 |
Interest-bearing time deposits | Level 1 |  |  | 5,166 |  |  |  | 5,034 |  |  |  | 6,166 |  |  |  | 5,938 |
Securities available-for-sale | See previous table |  |  | 640,416 |  |  |  | 640,416 |  |  |  | 648,513 |  |  |  | 648,513 |
FHLB and FRB stock | Level 2 |  |  | 3,384 |  |  |  | 3,384 |  |  |  | 3,883 |  |  |  | 3,883 |
Loans receivable, net | Level 3 |  |  | 1,306,230 |  |  |  | 1,268,007 |  |  |  | 1,303,917 |  |  |  | 1,261,703 |
Loans held for sale | Level 2 |  |  | 540 |  |  |  | 540 |  |  |  | 342 |  |  |  | 342 |
Accrued income receivable | Level 1 |  |  | 12,240 |  |  |  | 12,240 |  |  |  | 13,864 |  |  |  | 13,864 |
Derivative financial instruments | Level 2 |  |  | 876 |  |  |  | 876 |  |  |  | 996 |  |  |  | 996 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits | Level 2 |  | $ | 1,906,384 |  |  | $ | 1,906,459 |  |  | $ | 1,846,682 |  |  | $ | 1,848,472 |
Securities sold under agreements to repurchase | Level 1 |  |  | 45,774 |  |  |  | 45,774 |  |  |  | 52,412 |  |  |  | 52,412 |
Other borrowings | Level 2 |  |  | 35,802 |  |  |  | 35,508 |  |  |  | 46,952 |  |  |  | 46,543 |
Accrued interest payable | Level 1 |  |  | 2,555 |  |  |  | 2,555 |  |  |  | 3,208 |  |  |  | 3,208 |
Derivative financial instruments | Level 2 |  |  | 351 |  |  |  | 351 |  |  |  | 248 |  |  |  | 248 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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