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

Fair Value Measurements at June 30, 2026

 

Description

 

Balance as of June 30, 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

 $42,034  $  $42,034  $ 

U.S. agency and mortgage-backed securities

  126,481      126,481    

Obligations of states and political subdivisions

  56,811      56,811    

Corporate debt securities

  2,466      2,466    

Total securities available for sale

 $227,792  $  $227,792  $ 

Derivatives - cash flow hedges

  2,316      2,316    

Total assets

 $230,108  $  $230,108  $ 
      

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 June 30, 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

 $166,148  $166,148  $  $  $166,148 

Securities available for sale

  227,792      227,792      227,792 

Securities held to maturity

  89,392      82,365      82,365 

Restricted securities

  5,642      5,642      5,642 

Loans, net

  1,472,455         1,463,868   1,463,868 

Bank owned life insurance

  39,077      39,077      39,077 

Accrued interest receivable

  6,517      6,517      6,517 

Derivatives - cash flow hedges

  2,316      2,316      2,316 

Financial Liabilities

                    

Deposits

 $1,831,130  $  $1,474,187  $353,013  $1,827,200 

Other borrowings

  25,000         24,959   24,959 

Subordinated debt

  8,460         6,922   6,922 

Junior subordinated debt

  9,279         8,267   8,267 

Accrued interest payable

  1,407      1,407      1,407 
      

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      96,284      96,284 

Restricted securities

  5,624      5,624      5,624 

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