Note 8 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Notes Tables

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

June 30, 2024
					Quoted prices		Significant		Significant
					in active		other		other
	Carrying		Estimated		markets		observable inputs		unobservable inputs
(dollars in thousands)	amount		fair value		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	78,085	$	78,085	$	78,085	$	-	$	-
Held-to-maturity securities		224,989		193,627		-		193,627		-
Available-for-sale debt securities		327,506		327,506		-		327,506		-
Restricted investments in bank stock		3,968		3,968		-		3,968		-
Loans and leases, net		1,708,843		1,553,463		-		-		1,553,463
Loans held-for-sale		691		701		-		701		-
Accrued interest receivable		9,877		9,877		-		9,877		-
Interest rate swaps		216		216		-		216		-
Financial liabilities:
Deposits with no stated maturities		1,899,385		1,899,385		-		1,899,385		-
Time deposits		269,745		267,215		-		267,215		-
Short-term borrowings		98,120		98,128		-		98,128		-
Secured borrowings		7,237		7,803		-		-		7,803
Accrued interest payable		3,260		3,260		-		3,260		-
Interest rate swaps		551		551		-		551		-

December 31, 2023
					Quoted prices		Significant		Significant
					in active		other		other
	Carrying		Estimated		markets		observable inputs		unobservable inputs
(dollars in thousands)	amount		fair value		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Cash and cash equivalents	$	111,949	$	111,949	$	111,949	$	-	$	-
Held-to-maturity securities		224,233		197,176		-		197,176		-
Available-for-sale debt securities		344,040		344,040		-		344,040		-
Restricted investments in bank stock		3,905		3,905		-		3,905		-
Loans and leases, net		1,666,292		1,532,195		-		-		1,532,195
Loans held-for-sale		1,457		1,483		-		1,483		-
Accrued interest receivable		9,092		9,092		-		9,092		-
Interest rate swaps		171		171		-		171		-
Financial liabilities:
Deposits with no stated maturities		1,945,456		1,945,456		-		1,945,456		-
Time deposits		212,969		210,423		-		210,423		-
Short-term borrowings		117,000		117,010		-		117,010		-
Secured borrowings		7,372		8,067		-		-		8,067
Accrued interest payable		3,042		3,042		-		3,042		-
Interest rate swaps		2,332		2,332		-		2,332		-

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Total carrying value		Quoted prices in active markets		Significant other observable inputs		Significant other unobservable inputs
(dollars in thousands)	June 30, 2024		(Level 1)		(Level 2)		(Level 3)
Assets:
Available-for-sale securities:
Agency - GSE	$	27,596	$	-	$	27,596	$	-
Obligations of states and political subdivisions		119,660		-		119,660		-
MBS - GSE residential		180,250		-		180,250		-
Total available-for-sale debt securities	$	327,506	$	-	$	327,506	$	-
Interest rate swaps		216		-		216		-
Total assets	$	327,722	$	-	$	327,722	$	-
Liabilities:
Interest rate swaps	$	551	$	-	$	551	$	-
Total liabilities	$	551	$	-	$	551	$	-

	Total carrying value		Quoted prices in active markets		Significant other observable inputs		Significant other unobservable inputs
(dollars in thousands)	December 31, 2023		(Level 1)		(Level 2)		(Level 3)
Assets:
Available-for-sale securities:
Agency - GSE	$	27,545	$	-	$	27,545	$	-
Obligations of states and political subdivisions		122,797		-		122,797		-
MBS - GSE residential		193,698		-		193,698		-
Total available-for-sale debt securities	$	344,040	$	-	$	344,040	$	-
Interest rate swaps		171		-		171		-
Total assets	$	344,211	$	-	$	344,211	$	-
Liabilities:
Interest rate swaps	$	2,332	$	-	$	2,332	$	-
Total liabilities	$	2,332	$	-	$	2,332	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

				Quoted prices in		Significant other		Significant other
		Total carrying value		active markets		observable inputs		unobservable inputs
(dollars in thousands)	Valuation techniques	at June 30, 2024		(Level 1)		(Level 2)		(Level 3)
Individually evaluated loans	Fair value of collateral appraised value	$	2,460	$	-	$	-	$	2,460
Other repossessed assets	Fair value of asset less selling costs		9		-		-		9
Total		$	2,469	$	-	$	-	$	2,469

				Quoted prices in		Significant other		Significant other
		Total carrying value		active markets		observable inputs		unobservable inputs
(dollars in thousands)		at December 31, 2023		(Level 1)		(Level 2)		(Level 3)
Individually evaluated loans	Fair value of collateral appraised value	$	120	$	-	$	-	$	120
Other real estate owned	Fair value of asset less selling costs		1		-		-		1
Total		$	121	$	-	$	-	$	121