v3.26.1
Note 6 - Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at March 31, 2026

 

Description

 

Balance as of March 31, 2026

  

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

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

 

Assets:

                

Securities available for sale

                

U.S. Treasury securities

 $37,135  $  $37,135  $ 

U.S. agency and mortgage-backed securities

  122,418      122,418    

Obligations of states and political subdivisions

  56,147      56,147    

Corporate debt securities

  1,955      1,955    

Total securities available for sale

 $217,655  $  $217,655  $ 

Derivatives - cash flow hedges

  2,288      2,288    

Total assets

 $219,943  $  $219,943  $ 
      

Fair Value Measurements at December 31, 2025

 

Description

 

Balance as of December 31, 2025

  

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

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

 

Assets:

                

Securities available for sale

                

U.S. Treasury securities

 $37,338  $  $37,338  $ 

U.S. agency and mortgage-backed securities

  122,797      122,797    

Obligations of states and political subdivisions

  56,446      56,446    

Corporate debt securities

  957      957    

Total securities available for sale

 $217,538  $  $217,538  $ 

Derivatives - cash flow hedges

  2,292      2,292    

Total assets

 $219,830  $  $219,830  $ 
Fair Value, by Balance Sheet Grouping [Table Text Block]
      

Fair Value Measurements at March 31, 2026 Using

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

Fair Value

 

Financial Assets

                    

Cash and interest-bearing deposits in banks

 $187,809  $187,809  $  $  $187,809 

Securities available for sale

  217,655      217,655      217,655 

Securities held to maturity

  101,261      94,070      94,070 

Restricted securities

  5,642      5,642      5,642 

Loans, net

  1,449,708         1,437,769   1,437,769 

Bank owned life insurance

  38,837      38,837      38,837 

Accrued interest receivable

  6,656      6,656      6,656 

Derivatives - cash flow hedges

  2,288      2,288      2,288 

Financial Liabilities

                    

Deposits

 $1,837,292  $  $1,477,722  $356,155  $1,833,877 

Other borrowings

  25,000         24,960   24,960 

Subordinated debt

  8,385         6,847   6,847 

Junior subordinated debt

  9,279         8,242   8,242 

Accrued interest payable

  1,347      1,347      1,347 
      

Fair Value Measurements at December 31, 2025 Using

 
  

Carrying Amount

  

Quoted Prices in Active Markets for Identical Assets Level 1

  

Significant Other Observable Inputs Level 2

  

Significant Unobservable Inputs Level 3

  

Fair Value

 

Financial Assets

                    

Cash and interest-bearing deposits in banks

 $160,910  $160,910  $  $  $160,910 

Securities available for sale

  217,538      217,538      217,538 

Securities held to maturity

  102,872      102,872      102,872 

Restricted securities

  5,624      5,624      5,624 

Loans held for sale

               

Loans, net

  1,435,026         1,420,784   1,420,784 

Bank owned life insurance

  38,577      38,577      38,577 

Accrued interest receivable

  6,467      6,467      6,467 

Derivatives - cash flow hedges

  2,292      2,292      2,292 

Financial Liabilities

                    

Deposits

 $1,799,548  $  $1,436,453  $360,656  $1,797,109 

Other borrowings

  25,000         24,960   24,960 

Subordinated debt

  8,312         6,774   6,774 

Junior subordinated debt

  9,279         8,240   8,240 

Accrued interest payable

  1,562      1,562      1,562