v3.26.1
Note 5 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

 

 

 

 

Fair Value Measurement Using

 

June 30, 2026

 

Balance

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

U.S. government agencies and corporations

 

$

170,136

 

 

$

-

 

 

$

170,136

 

 

$

-

 

States and political subdivisions

 

 

152,729

 

 

 

-

 

 

 

152,729

 

 

 

-

 

Mortgage-backed securities

 

 

325,831

 

 

 

-

 

 

 

325,831

 

 

 

-

 

Corporate debt securities

 

 

3,964

 

 

 

-

 

 

 

3,964

 

 

 

-

 

Total securities available for sale

 

$

652,660

 

 

$

-

 

 

$

652,660

 

 

$

-

 

 

 

 

 

Fair Value Measurement Using

 

December 31, 2025

 

Balance

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

U.S. government agencies and corporations

 

$

288,055

 

 

$

-

 

 

$

288,055

 

 

$

-

 

States and political subdivisions

 

 

153,717

 

 

 

-

 

 

 

153,717

 

 

 

-

 

Mortgage-backed securities

 

 

207,641

 

 

 

-

 

 

 

207,641

 

 

 

-

 

Corporate debt securities

 

 

4,964

 

 

 

-

 

 

 

4,964

 

 

 

-

 

Total securities available for sale

 

$

654,377

 

 

$

-

 

 

$

654,377

 

 

$

-

 

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

 

 

 

 

Estimated Fair Value

 

June 30, 2026

 

Carrying Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

8,854

 

 

$

8,854

 

 

$

-

 

 

$

-

 

Interest-bearing deposits

 

 

45,709

 

 

 

45,709

 

 

 

-

 

 

 

-

 

Securities available for sale

 

 

652,660

 

 

 

-

 

 

 

652,660

 

 

 

-

 

Restricted stock, at cost

 

 

1,872

 

 

 

-

 

 

 

1,872

 

 

 

-

 

Mortgage loans held for sale

 

 

331

 

 

 

-

 

 

 

331

 

 

 

-

 

Loans, net

 

 

1,004,607

 

 

 

-

 

 

 

-

 

 

 

979,795

 

Accrued interest receivable

 

 

7,029

 

 

 

-

 

 

 

7,029

 

 

 

-

 

Bank-owned life insurance

 

 

49,174

 

 

 

-

 

 

 

49,174

 

 

 

-

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

1,629,456

 

 

$

-

 

 

$

1,314,606

 

 

$

314,600

 

Accrued interest payable

 

 

1,439

 

 

 

-

 

 

 

1,439

 

 

 

-

 

 

 

 

 

 

Estimated Fair Value

 

December 31, 2025

 

Carrying Amount

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and due from banks

 

$

8,419

 

 

$

8,419

 

 

$

-

 

 

$

-

 

Interest-bearing deposits

 

 

50,831

 

 

 

50,831

 

 

 

-

 

 

 

-

 

Securities available for sale

 

 

654,377

 

 

 

-

 

 

 

654,377

 

 

 

-

 

Restricted stock, at cost

 

 

1,848

 

 

 

-

 

 

 

1,848

 

 

 

-

 

Loans, net

 

 

989,418

 

 

 

-

 

 

 

-

 

 

 

955,899

 

Accrued interest receivable

 

 

6,538

 

 

 

-

 

 

 

6,538

 

 

 

-

 

Bank-owned life insurance

 

 

48,568

 

 

 

-

 

 

 

48,568

 

 

 

-

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

$

1,626,933

 

 

$

-

 

 

$

1,309,423

 

 

$

317,625

 

Accrued interest payable

 

 

1,581

 

 

 

-

 

 

 

1,581

 

 

 

-