v3.26.1
Note 17 - Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]

December 31, 2025

 

Total

  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 
                 

Debt securities available-for-sale:

                

U.S. Treasury

 $6,502  $6,502  $-  $- 

U.S. government agencies

  47,838   -   47,838   - 

Taxable state and municipal

  32,474   -   32,474   - 

Tax-exempt state and municipal

  85,753   -   85,753   - 

U.S. government sponsored enterprise mortgage-backed

  45,232   -   45,232   - 

Corporate

  3,008   -   3,008   - 
                 

Total Debt Securities Available-for-Sale

 $220,807  $6,502  $214,305  $- 
                 
                 

Marketable equity securities

 $613  $613  $-  $- 

December 31, 2024

 

Total

  

Quoted Prices in Active Markets for Identical Assets (Level 1)

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

 
                 

Debt securities available-for-sale:

                

U.S. Treasury

 $2,202  $2,202  $-  $- 

U.S. government agencies

  25,449   -   25,449   - 

Taxable state and municipal

  5,631   -   5,631   - 

Tax-exempt state and municipal

  51,796   -   51,796   - 

U.S. government sponsored enterprise mortgage-backed

  27,098   -   27,098   - 

Corporate

  3,877   -   3,877   - 
                 

Total Debt Securities Available-for-Sale

 $116,053  $2,202  $113,851  $- 
                 
                 

Marketable equity

 $268  $268  $-  $- 
Fair Value Measurements, Nonrecurring [Table Text Block]

December 31, 2025

 

Total

  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 
                 

Collateral Dependent, net

 $2,676  $-  $-  $2,676 
                 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

December 31, 2025

 

Fair Value

 

Valuation Technique

Unobservable Input

 Range (Weighted Average) 
               

Collateral Dependent, net

 $2,676 

Appraisal of collateral

Appraisal adjustments

  20 - 50%  (31)%
      

Liquidation expenses

  0 - 10%  (9)%
Fair Value, by Balance Sheet Grouping [Table Text Block]
  

Carrying

  

Fair

             

December 31, 2025

 

Value

  

Value

  

Level 1

  

Level 2

  

Level 3

 
                     

Financial assets:

                    

Cash and cash equivalents

 $49,010  $49,010  $49,010  $-  $- 

Interest-bearing time deposits

  5,923   5,938   -   5,938   - 

Debt securities available-for-sale

  220,807   220,807   6,502   214,305   - 

Marketable equity securities

  613   613   613   -   - 

Restricted investments in bank stock

  2,717   2,717   -   2,717   - 

Net loans

  908,267   893,392   -   -   893,392 

Accrued interest receivable

  4,039   4,039   -   4,039   - 

Bank owned life insurance

  28,233   28,233   -   28,233   - 
                     

Financial liabilities:

                    

Deposits

  1,110,774   1,109,528   -   1,109,528   - 

Repurchase agreements

  1,589   1,589   -   1,589   - 

FHLB advances

  5,500   5,486   -   5,486   - 

Subordinated debt

  9,892   9,892   -   9,892   - 

Accrued interest payable

  1,969   1,969   -   1,969   - 
  

Carrying

  

Fair

             

December 31, 2024

 

Value

  

Value

  

Level 1

  

Level 2

  

Level 3

 
                     

Financial assets:

                    

Cash and cash equivalents

 $9,179  $9,179  $9,179  $-  $- 

Interest-bearing time deposits

  10,369   10,355   -   10,355   - 

Debt securities available-for-sale

  116,053   116,053   2,202   113,851   - 

Marketable equity securities

  268   268   268   -   - 

Restricted investments in bank stock

  2,300   2,300   -   2,300   - 

Net loans

  431,960   426,034   -   -   426,034 

Accrued interest receivable

  1,804   1,804   -   1,804   - 

Bank owned life insurance

  12,966   12,966   -   12,966   - 
                     

Financial liabilities:

                    

Deposits

  489,529   489,001   -   489,001   - 

Repurchase agreements

  1,143   1,143   -   1,143   - 

FHLB advances

  43,050   42,839   -   42,839   - 

Accrued interest payable

  1,736   1,736   -   1,736   -