Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Notes Tables

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

			March 31, 2023
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	23,707	$	8,806	$	32,513
Obligations of states and political subdivisions		-		129,759		-		129,759
Mortgage-backed securities in government-sponsored entities		-		7,333		-		7,333
Total debt securities		-		160,799		8,806		169,605
Equity securities in financial institutions		777		-		-		777
Total	$	777	$	160,799	$	8,806	$	170,382

			December 31, 2022
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	21,427	$	8,737	$	30,164
Obligations of states and political subdivisions		-		127,334		-		127,334
Mortgage-backed securities in government-sponsored entities		-		7,469		-		7,469
Total debt securities		-		156,230		8,737		164,967
Equity securities in financial institutions		915		-		-		915
Total	$	915	$	156,230	$	8,737	$	165,882

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, 2023	$	8,737
Transfers into Level III (1)		-
Transfers out of Level III (1)		-
Net change in unrealized loss on available-for-sale investment securities		69
Balance as of March 31, 2023	$	8,806

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

			March 31, 2023
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Individually analyzed loans held for investment	$	-	$	-	$	16,842	$	16,842

			December 31, 2022
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	-	$	-	$	1,143	$	1,143
Other real estate owned		-		-		5,792		5,792

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

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)					Range (Weighted
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Average)
March 31, 2023
Individually analyzed loans held for investment	$	16,842	Appraisal of collateral (1)	Appraisal adjustments (2)	20.4%	to	31.1%	(20.4%)

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)					Range (Weighted
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Average)
December 31, 2022
Impaired loans	$	1,143	Appraisal of collateral (1)	Appraisal adjustments (2)		12.0%
Other real estate owned	$	5,792	Appraisal of collateral (1)	Appraisal adjustments (2)		8.4%

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

	March 31, 2023
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Net loans	$	1,362,685	$	-	$	-	$	1,317,954	$	1,317,954
Financial liabilities:
Deposits	$	1,425,607	$	1,180,645	$	-	$	1,239,085	$	2,419,730
Other borrowings	$	12,010	$	-	$	-	$	12,010	$	12,010

	December 31, 2022
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Net loans	$	1,338,434	$	-	$	-	$	1,298,814	$	1,298,814
Financial liabilities:
Deposits	$	1,402,019	$	1,163,999	$	-	$	231,218	$	1,395,217
Other borrowings	$	12,059	$	-	$	-	$	12,059	$	12,059