Note 18 - Fair Value Disclosure Measurements (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Notes Tables |
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Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
| | | | | | December 31, 2022 | | | | | |
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(Dollar amounts in thousands) | | Level I | | | Level II | | | Level III | | | Total | |
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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 | | | | | |
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(Dollar amounts in thousands) | | Level I | | | Level II | | | Level III | | | Total | |
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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 | |
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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 | |
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Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
| | | | | | December 31, 2022 | | | | | |
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| | 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 | |
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| | | | | | December 31, 2021 | | | | | |
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| | Level I | | | Level II | | | Level III | | | Total | |
(Dollar amounts in thousands) | | | | | | | | | | | | | | | | |
Assets measured on a non-recurring basis: | | | | | | | | | | | | | | | | |
Impaired loans | | $ | - | | | $ | - | | | $ | 4,162 | | | $ | 4,162 | |
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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% | |
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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% | to | 72.2% | (36.6%) |
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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 | |
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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 | |
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Financial liabilities: | | | | | | | | | | | | | | | | | | | | |
Deposits | | $ | 1,166,610 | | | $ | 967,885 | | | $ | - | | | $ | 199,503 | | | $ | 1,167,388 | |
Other borrowings | | | 12,901 | | | | - | | | | - | | | | 12,901 | | | | 12,901 | |
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