Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Notes Tables

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

			March 31, 2025
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	26,175	$	6,654	$	32,829
Obligations of states and political subdivisions		-		123,851		-	$	123,851
Mortgage-backed securities in government-sponsored entities		-		8,334		-	$	8,334
Total investment securities available for sale		-		158,360		6,654		165,014
Equity securities		728		-		-		728
Total	$	728	$	158,360	$	6,654	$	165,742

			December 31, 2024
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
Subordinated debt	$	-	$	25,830	$	6,639	$	32,469
Obligations of states and political subdivisions		-		124,966		-		124,966
Mortgage-backed securities in government-sponsored entities		-		8,367		-		8,367
Total investment securities available for sale		-		159,163		6,639		165,802
Equity securities		753		-		-		753
Total	$	753	$	159,163	$	6,639	$	166,555

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

	Subordinated debt
(Dollar amounts in thousands)	March 31, 2025		December 31, 2024
Beginning of year	$	6,639	$	8,801
Purchases, sales, settlements:
Transfers out of Level III (1)		-		(2,250	)
Net change in unrealized loss on investment securities available-for-sale		15		88
End of year	$	6,654	$	6,639

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

			March 31, 2025
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Collateral-dependent loans	$	-	$	-	$	3,087	$	3,087

			December 31, 2024
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Collateral-dependent loans	$	-	$	-	$	3,321	$	3,321

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)
March 31, 2025
Collateral-dependent loans	$	3,087	Appraisal of collateral (1)	Appraisal adjustments (2)		0 - 23.9% (23.9%)

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
December 31, 2024
Collateral-dependent loans	$	3,321	Appraisal of collateral (1)	Appraisal adjustments (2)		0 - 23.9% (23.9%)

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

	March 31, 2025
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Net loans	$	1,527,948	$	-	$	-	$	1,502,880	$	1,502,880
Mortgage servicing rights		1,465		-		-		2,469		2,469
Financial liabilities:
Non-maturing deposits	$	1,264,052	$	1,264,052	$	-	$	-	$	1,264,052
Time deposits		275,673		-		-		274,161		274,161
Other borrowings		11,609		-		-		11,609		11,609

	December 31, 2024
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Net loans	$	1,497,167	$	-	$	-	$	1,462,650	$	1,462,650
Mortgage servicing rights		1,497		-		-		2,522		2,522
Financial liabilities:
Non-maturing deposits	$	1,197,989	$	1,197,989	$	-	$	-	$	1,197,989
Time deposits		247,704		-		-		245,999		245,999
Other borrowings		11,660		-		-		11,660		11,660