Note 5 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

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

			June 30, 2022
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	21,478	$	9,830	$	31,308
Obligations of states and political subdivisions		-		132,308		-		132,308
Mortgage-backed securities in government-sponsored entities		-		8,342		-		8,342
Total debt securities		-		162,128		9,830		171,958
Equity securities in financial institutions		779		-		-		779
Total	$	779	$	162,128	$	9,830	$	172,737

			December 31, 2021
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	20,337	$	12,200	$	32,537
Obligations of states and political subdivisions		-		127,345		-		127,345
Mortgage-backed securities in government-sponsored entities		-		10,317		-		10,317
Total debt securities		-		157,999		12,200		170,199
Equity securities in financial institutions		818		-		-		818
Total	$	818	$	157,999	$	12,200	$	171,017

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

(Dollar amounts in thousands)
	Subordinated debt
Balance as of January 1, 2022	$	12,200
Transfers out of Level III (1)		(2,250	)
Net unrealized holding gain on available-for-sale investment securities		(120	)
Balance as of June 30, 2022	$	9,830

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

			June 30, 2022
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	-	$	-	$	1,106	$	1,106
Other real estate owned		-		-		6,792		6,792

			December 31, 2021
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	-	$	-	$	4,162	$	4,162

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

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
June 30, 2022
Impaired loans	$	1,106	Appraisal of collateral (1)	Appraisal adjustments (2)	32.5%	to	76.6%	(51.3%)
Other real estate owned	$	6,792	Appraisal of collateral (1)	Appraisal adjustments (2)				14.2%

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
December 31, 2021
Impaired loans	$	4,162	Appraisal of collateral (1)	Appraisal adjustments (2)	25.0%	to	72.2%	(36.6%)

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

	June 30, 2022
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Loans held for sale		-		-		-		-		-
Net loans	$	963,447		-		-	$	940,261		940,261
Financial liabilities:
Deposits	$	1,147,166	$	972,333	$	-	$	171,863	$	1,144,196
Other borrowings		12,910		-		-		12,910		12,910

	December 31, 2021
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Loans held for sale	$	1,051		-	$	1,051	$	-	$	1,051
Net loans		967,349		-		-		961,645		961,645
Financial liabilities:
Deposits	$	1,166,610	$	967,885	$	-	$	199,503	$	1,167,388
Other borrowings		12,901		-		-		12,901		12,901