Note 5 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

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

			September 30, 2022
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	20,366	$	10,147	$	30,513
Obligations of states and political subdivisions		-		123,714		-		123,714
Mortgage-backed securities in government-sponsored entities		-		7,837		-		7,837
Total debt securities		-		151,917		10,147		162,064
Equity securities in financial institutions		972		-		-		972
Total	$	972	$	151,917	$	10,147	$	163,036

			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 into Level III (1)		500
Transfers out of Level III (1)		(2,250	)
Net unrealized holding gain on available-for-sale investment securities		(303	)
Balance as of September 30, 2022	$	10,147

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

			September 30, 2022
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
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)
September 30, 2022
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]

	September 30, 2022
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Net loans	$	980,663		-		-	$	958,067	$	958,067
Financial liabilities:
Deposits	$	1,130,487	$	953,305	$	-	$	171,874	$	1,125,179
Other borrowings		12,107		-		-		12,107		12,107

	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