v3.22.4
Note 18 - Fair Value Disclosure Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

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 
      

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)

  (3,750)

Net unrealized holding gain on available-for-sale investment securities

  (213)

Balance as of December 31, 2022

 $8,737 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
      

December 31, 2022

     
                 
  

Level I

  

Level II

  

Level III

  

Total

 

(Dollar amounts in thousands)

                

Assets measured on a non-recurring basis:

                

Impaired loans

 $-  $-  $1,143  $1,143 

Other real estate owned

  -   -   5,792   5,792 
                 
      

December 31, 2021

     
                 
  

Level I

  

Level II

  

Level III

  

Total

 

(Dollar amounts in thousands)

                

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) 

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% 
  

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%to72.2%(36.6%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

December 31, 2022

 
  

Carrying

              

Total

 
  

Value

  

Level I

  

Level II

  

Level III

  

Fair Value

 
  

(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 
  

December 31, 2021

 
  

Carrying

              

Total

 
  

Value

  

Level I

  

Level II

  

Level III

  

Fair Value

 
  

(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