v3.26.1
Note 9 - Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]

($ in thousands)

     Fair Value Measurements at June 30, 2026, Using:     

Financial assets:

  Carrying Value   Level 1   Level 2   Level 3   Total Fair Value 

Loans, net

 $1,496,190  $-  $-  $1,446,845  $1,446,845 

Financial liabilities:

                    

Time deposits

  242,305   -   237,037   -   237,037 

Repurchase agreements

  59,217   -   59,217   -   59,217 

Borrowings

  16,033   -   15,788   -   15,788 

($ in thousands)

      Fair Value Measurements at December 31, 2025, Using:     

Financial assets:

 Carrying Value  Level 1  Level 2  Level 3  Total Fair Value 

Loans, net

 $1,495,834  $-  $-  $1,494,830  $1,494,830 

Financial liabilities:

                    

Time deposits

  210,729   -   209,147   -   209,147 

Repurchase agreements

  97,855   -   97,855   -   97,855 

Borrowings

  21,013   -   20,599   -   20,599 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at

 
      

June 30, 2026 Using

 
      

Quoted

         
      

Prices in

         
      

Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
      

Assets

  

Inputs

  

Inputs

 
  

Total Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Assets:

                

U.S. Government-sponsored agencies collateralized by mortgage obligations- residential

 $234,965  $-  $234,965  $- 

U.S. Government agencies collateralized by mortgage obligations-commercial

  142,106   -   142,106   - 

Obligations of states and political subdivisions

  88,920   -   88,920   - 
  $465,991  $-  $465,991  $- 
      

Fair Value Measurements at

 

($ in thousands)

     December 31, 2025 Using 
      

Quoted

         
      

Prices in

         
      

Active

  

Significant

     
      

Markets for

  

Other

  

Significant

 
      

Identical

  

Observable

  

Unobservable

 
      

Assets

  

Inputs

  

Inputs

 
  

Total Fair Value

  

(Level 1)

  

(Level 2)

  

(Level 3)

 

Assets:

                

U.S. Government-sponsored agencies collateralized by mortgage obligations - residential

 $253,165  $-  $253,165  $- 

U.S. Government-agencies collateralized by mortgage obligations - commercial

  134,764   -   134,764   - 

Obligations of states and political subdivisions

  88,666   -   88,666   - 
  $476,595  $-  $476,595  $- 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

Fair Value Measurements at

     
      

June 30, 2026 Using

     

($ in thousands)

 

Total Fair Value

  

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

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

  

Total Losses Six Months Ended June 30, 2026

 
                     

Assets:

                    

Collateral-dependent loans

                    

Commercial

 $-  $-  $-  $-  $221 

Agricultural

  743   -   -   743   613 

Total

 $743  $-  $-  $743  $834 
                     

Other Real Estate Owned:

                    

Equity lines of credit

 $135  $-  $-  $135  $- 
      

Fair Value Measurements at

     
      

December 31, 2025 Using

     

($ in thousands)

 

Total Fair Value

  

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

  

Significant Other Observable Inputs (Level 2)

  

Significant Unobservable Inputs (Level 3)

  

Total Losses Six Months Ended June 30, 2025

 

Assets:

                    

Collateral-dependent loans

                    

Commercial

 $84  $-  $-  $84  $- 

Agricultural

  1,904   -   -   1,904   931 

Total

 $1,988  $-  $-  $1,988  $931 
                     

Other Real Estate Owned:

                    

RE – Residential

  91   -   -   91   - 

Equity lines of credit

  135         135   - 

Total

 $226  $-  $-  $226  $- 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
                   

($ in thousands)

           

Range

  

Range

 
  

Fair Value

  

Fair Value

 

Valuation

  

(Weighted Average)

  

(Weighted Average)

 

Description

 

6/30/2026

  

12/31/2025

 

Technique

Significant Unobservable Input

 

6/30/2026

  

12/31/2025

 

Collateral-dependent loans:

                  

Commercial

 $-  $84 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

  100% (100%)   14% - 100% (45%) 

Agricultural

  743   1,904 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

  18% - 100% (73%)   2% - 100% (43%) 

Total

 $743  $1,988           
                   

Other Real Estate:

                  

RE – Residential

 $-  $91 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

  -   60%

Equity lines of credit

  135   135 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

  10%  10%
  $135  $226