Note 9 - Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

			Fair Value Measurements at March 31, 2024, Using:
	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	128,231	$	128,231	$	-	$	-	$	128,231
Investment securities		447,445		-		447,445		-		447,445
Loans, net		966,141		-		-		927,114		927,114
FHLB stock		6,234		-		-		-		N/A
FRB Stock		1,367		-		-		-		N/A
Financial liabilities:
Deposits		1,299,688		1,209,013		90,331		-		1,299,344
Repurchase agreements		19,331		-		19,331		-		19,331
Borrowings		120,000		-		-		115,379		115,379

			Fair Value Measurements at December 31, 2023 Using:
Financial assets:		Carrying Value		Level 1	Level 2		Level 3		Total Fair Value
Cash and cash equivalents	$	85,655	$	85,655				$	85,655
Investment securities		489,181			489,181				489,181
Loans, net		948,604				$	923,500	$	923,500
FHLB stock		6,234							N/A
FRB Stock		1,371							N/A
Financial liabilities:
Deposits		1,333,655		1,242,003	92,311				1,334,314
Repurchase agreements		23,054			23,054				23,054
Borrowings		90,000					86,100		86,100

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

			Fair Value Measurements at
			March 31, 2024 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury securities	$	6,919	$	-	$	6,919	$	-
U.S. Government-sponsored agencies collateralized by mortgage obligations- residential		229,633		-		229,633		-
U.S. Government agencies collateralized by mortgage obligations-commercial		123,078		-		123,078		-
Obligations of states and political subdivisions		87,815		-		87,815		-
	$	447,445	$	-	$	447,445	$	-

			Fair Value Measurements at
			December 31, 2023 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Treasury securities	$	6,880	$	-	$	6,880	$	-
U.S. Government-sponsored agencies collateralized by mortgage obligations - residential		235,931		-		235,931		-
U.S. Government-agencies collateralized by mortgage obligations - commercial		115,952		-		115,952		-
Obligations of states and political subdivisions		130,418		-		130,418		-
	$	489,181	$	-	$	489,181	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

			Fair Value Measurements at
			March 31, 2024 Using
			Quoted
			Prices in						Total
			Active		Significant				Losses
			Markets for		Other		Significant		Three Months
			Identical		Observable		Unobservable		Ended
			Assets		Inputs		Inputs		March 31,
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)		2024
Assets:
Collateral-dependent loans
Commercial		27		-		-		27		-
Other Real Estate:
RE – Residential		357	$	-	$	-	$	357	$	-

			Fair Value Measurements at
			December 31, 2023 Using
			Quoted
			Prices in						Total
			Active		Significant				Losses
			Markets for		Other		Significant		Three Months
			Identical		Observable		Unobservable		Ended
	Total		Assets		Inputs		Inputs		March 31,
	Fair Value		(Level 1)		(Level 2)		(Level 3)		2023
Assets:
Other real estate:
Collateral-dependent loans
Commercial	$	27	$	-	$	-	$	27	$	271
Other Real Estate:
RE – Residential		357		-		-		357		-

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

							Range			Range
	Fair Value		Fair Value		Valuation		(Weighted Average)			(Weighted Average)
Description	3/31/2024		12/31/2023		Technique	Significant Unobservable Input	3/31/2024			12/31/2023
Collateral-dependent loans
Commercial	$	27	$	27	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		48	%		48	%
Other Real Estate:
RE – Residential	$	357	$	357	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		11	%		11	%