v3.26.3
Note 9 - Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]

($ in thousands)

 

 

 

​

 

Fair Value Measurements at September 30, 2026, Using:

 

 

 

 

​

Financial assets:

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total Fair Value

 

Loans, net

 

$

1,479,755

 

 

$

-

 

 

$

-

 

 

$

1,395,655

 

 

$

1,395,655

 

Financial liabilities:

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

 

 

 

​

Time deposits

 

 

236,875

 

 

 

-

 

 

 

230,333

 

 

 

-

 

 

 

230,333

 

Repurchase agreements

 

 

62,191

 

 

 

-

 

 

 

62,191

 

 

 

-

 

 

 

62,191

 

Borrowings

 

 

16,045

 

 

 

-

 

 

 

15,867

 

 

 

-

 

 

 

15,867

 

($ 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

 

 

 

 

 

 

 

September 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

 

$246,652

 

 

$-

 

 

$246,652

 

 

$-

 

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

 

 

147,207

 

 

 

-

 

 

 

147,207

 

 

 

-

 

Obligations of states and political subdivisions

 

 

81,309

 

 

 

-

 

 

 

81,309

 

 

 

-

 

 

 

$475,168

 

 

$-

 

 

$475,168

 

 

$-

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

September 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 Nine Months Ended September 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collateral-dependent loans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$-

 

 

$-

 

 

$-

 

 

$-

 

 

$221

 

Agricultural

 

 

1,722

 

 

 

-

 

 

 

-

 

 

 

1,722

 

 

 

989

 

Real estate – commercial

 

 

1,959

 

 

 

-

 

 

 

-

 

 

 

1,959

 

 

 

109

 

Total

 

$3,681

 

 

$-

 

 

$-

 

 

$3,681

 

 

$1,319

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 Nine Months Ended September 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

 

9/30/2026

 

 

12/31/2025

 

Technique

Significant Unobservable Input

 

9/30/2026

 

 

12/31/2025

 

Collateral-dependent loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

$-

 

 

$84

 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

 

 

100%-100% (100%)

 

 

 

14% - 100% (45%)

 

Agricultural

 

 

1,722

 

 

 

1,904

 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

 

 

7% - 100% (59%)

 

 

 

2% - 100% (43%)

 

Real estate – commercial

 

 

1,959

 

 

 

-

 

Third Party appraisals

Management Adjustments to Reflect Current Conditions and Selling Costs

 

 

4% - 13% (5%)

 

 

 

None

 

Total

 

$3,681

 

 

$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