v3.26.1
Note 17 - Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
      

Quoted Prices in

      

Significant

 
      

Active Markets for

  

Significant Other

  

Unobservable

 
      

Identical Assets

  

Observable Inputs

  

Inputs

 
  

Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

December 31, 2025

                

Assets:

                

Obligations of the U.S. Treasury and U.S. government agencies and corporations

 $18,751  $  $18,751  $ 

Obligations of state and political subdivisions

  16,282      12,678   3,604 

Corporate bonds

  24,682      24,682    

Residential mortgage-backed securities

  247,379      247,379    

Commercial mortgage-backed securities

  63,520      63,520    

Equity securities at fair value

  3,354   3,354       

Interest rate swaps - gross assets

  11,660      11,660    

Total assets

 $385,628  $3,354  $378,670  $3,604 

Liabilities:

                

Interest rate swaps - gross liabilities

 $11,660  $  $11,660  $ 
                 

December 31, 2024

                

Assets:

                

Obligations of the U.S. Treasury and U.S. government agencies and corporations

 $15,707  $  $15,707  $ 

Obligations of state and political subdivisions

  16,120      11,803   4,317 

Corporate bonds

  27,267      26,773   494 

Residential mortgage-backed securities

  208,768      208,768    

Commercial mortgage-backed securities

  63,259      63,259    

Equity securities at fair value

  2,593   2,593       

Interest rate swaps - gross assets

  17,195      17,195    

Total assets

 $350,909  $2,593  $343,505  $4,811 

Liabilities:

                

Interest rate swaps - gross liabilities

 $17,195  $  $17,195  $ 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
  

Obligations of State and Political Subdivisions

  

Corporate Bonds

  

Total

 

Balance at December 31, 2023

 $5,250  $463  $5,713 

Realized gain (loss) included in net income

         

Unrealized (loss) gain included in other comprehensive loss

  (906)  31   (875)

Purchases

         

Sales

         

Maturities, prepayments, and calls

  (27)     (27)

Transfers into level 3

         

Transfers out of level 3

         

Balance at December 31, 2024

 $4,317  $494  $4,811 

Realized gain (loss) included in net income

         

Unrealized gain included in other comprehensive income

  204   6   210 

Purchases

         

Sales

         

Maturities, prepayments, and calls

  (917)  (500)  (1,417)

Transfers into level 3

         

Transfers out of level 3

         

Balance at December 31, 2025

 $3,604  $  $3,604 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

Estimated Fair Value

 

Valuation Technique

 

Unobservable Inputs

 

Range of Discounts

  

Weighted Average Discount(1)

 

December 31, 2025

               

Obligations of state and political subdivisions

 $3,604 

Option-adjusted discounted cash flow model; present value of expected future cash flow model

 

Bond appraisal adjustment(2)

  0% - 6%   2% 
                

December 31, 2024

               

Obligations of state and political subdivisions

 $4,317 

Option-adjusted discounted cash flow model; present value of expected future cash flow model

 

Bond appraisal adjustment(2)

  2% - 15%   6% 

Corporate bonds

  494 

Option-adjusted discounted cash flow model; present value of expected future cash flow model

 

Bond appraisal adjustment(2)

  1%   1% 
  

Estimated Fair Value

 

Valuation Technique

 

Unobservable Inputs

 

Range of Discounts

  

Weighted Average Discount(1)

 

December 31, 2025

               

Loans individually evaluated for impairment(2)

 $3,312 

Discounted cash flows, underlying collateral value

 

Collateral discounts and estimated costs to sell

  1% - 100%   

9%

 

Other real estate owned(3)

  1,959 

Underlying collateral value, third party appraisals

 

Collateral discounts and discount rates

  13% - 14%   

13%

 
                

December 31, 2024

               

Loans individually evaluated for impairment(2)

 $2,174 

Discounted cash flows, underlying collateral value

 

Collateral discounts and estimated costs to sell

  0% - 79%   

31%

 

Other real estate owned(3)

  900 

Underlying collateral value, third party appraisals

 

Collateral discounts and discount rates

  18%   

18%

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

December 31, 2025

 
  

Carrying Amount

  

Estimated Fair Value

  

Level 1

  

Level 2

  

Level 3

 

Financial assets:

                    

Cash and cash equivalents

 $41,505  $41,505  $41,505  $  $ 

Investment securities - AFS

  370,614   370,614      367,010   3,604 

Investment securities - HTM

  48,199   50,540      1,694   48,846 

Equity securities at fair value

  3,354   3,354   3,354       

Nonmarketable equity securities

  17,021   17,021      17,021    

Loans, net of allowance

  2,149,624   2,080,142         2,080,142 

Interest rate swaps - gross assets

  11,660   11,660      11,660    
                     

Financial liabilities:

                    

Deposits

 $2,350,249  $2,349,856  $  $2,349,856  $ 

FHLB short-term advances and repurchase agreements

  47,183   47,193      47,193    

FHLB long-term advances

  80,000   80,079      80,079    

Junior subordinated debt

  8,830   8,830         8,830 

Subordinated debt

  16,738   15,252      15,252    

Interest rate swaps - gross liabilities

  11,660   11,660      11,660    
  

December 31, 2024

 
  

Carrying Amount

  

Estimated Fair Value

  

Level 1

  

Level 2

  

Level 3

 

Financial assets:

                    

Cash and cash equivalents

 $27,922  $27,922  $27,922  $  $ 

Investment securities - AFS

  331,121   331,121      326,310   4,811 

Investment securities - HTM

  42,687   42,144      1,821   40,323 

Equity securities at fair value

  2,593   2,593   2,593       

Nonmarketable equity securities

  16,502   16,502      16,502    

Loans, net of allowance

  2,098,363   1,973,780         1,973,780 

Interest rate swaps - gross assets

  17,195   17,195      17,195    
                     

Financial liabilities:

                    

Deposits, noninterest-bearing

 $432,143  $432,143  $  $432,143  $ 

Deposits, interest-bearing

  1,913,801   1,826,868         1,826,868 

FHLB short-term advances and repurchase agreements

  15,591   15,577      15,577    

FHLB long-term advances

  60,000   59,620         59,620 

Junior subordinated debt

  8,733   8,733         8,733 

Subordinated debt

  16,697   14,738      14,738    

Interest rate swaps - gross liabilities

  17,195   17,195      17,195