FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2019

FAIR VALUE

Schedule of assets measured at fair value on a recurring basis

			Quoted Prices
			In Active
			Markets for		Significant Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
Financial Assets
U.S. treasury notes	$	9,168	$	—	$	9,168	$	—
U. S. government agencies		23,735		—		23,735		—
States and political subdivisions		32,589		—		32,589		—
Mortgage-backed - residential		113,991		—		113,991		—
Mortgage-backed-commercial		50,351		—		50,351		—
Asset-backed		35,496		—		35,496		—
Derivatives and financial instrument assets		263		—		263		—
Other Assets		292		292		—		—
Total	$	265,885	$	292	$	265,593	$	—
Financial Liabilities
Derivatives and financial instrument liabilities	$	164	$	—	$	164	$	—

December 31, 2018

			Quoted Prices
			In Active
			Markets for		Significant Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
U.S. treasury notes	$	3,975	$	—	$	3,975	$	—
U. S. government agencies		41,178		—		41,178		—
States and political subdivisions		64,204		—		64,204		—
Mortgage-backed - residential		147,249		—		147,249		—
Mortgage-backed - commercial		48,563		—		48,563		—
Asset-backed		10,200		—		10,200		—
Other Assets		284		284		—		—
Total	$	315,653	$	284	$	315,369	$	—

Schedule of assets measured at fair value on a non-recurring basis

	Fair Value Measurements at December 31, 2019 Using :
				Quoted Prices
				In Active
				Markets for		Significant Other		Significant
				Identical		Observable		Unobservable
	Carrying			Assets		Inputs		Inputs
(In thousands)	Value			(Level 1)		(Level 2)		(Level 3)
Description
Impaired loans:
Real estate mortgage:
1-4 family residential	$	200	$	—	$	—	$		200
Multi-family residential		1,242		—		—			1,242
Other real estate owned, net:
Real estate mortgage:
1-4 family residential		40		—		—			40
Commercial		246		—		—			246
Agricultural		233		—		—			233
Mortgage servicing rights		1,107		—		—			1,107

	Fair Value Measurements at December 31, 2018 Using :
				Quoted Prices
				In Active
				Markets for		Significant Other	Significant
				Identical		Observable	Unobservable
	Carrying			Assets		Inputs	Inputs
(In thousands)	Value			(Level 1)		(Level 2)	(Level 3)
Description
Impaired loans:
Real Estate Mortgage:
1-4 family residential	$	993	$	—	$	—	$	993
Other real estate owned, net:
Commercial		246		—				246
Mortgage servicing rights		430		—		—		430

Schedule of quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis

					Range
December 31, 2019		Fair	Valuation	Unobservable	(Weighted
(In thousands)		Value	Technique(s)	Input(s)	Average)
Impaired loans
Real estate mortgage:
1-4 family residential	$	200	sales comparison	adjustment for differences between the comparable sales	(1)% - 21%	(1)%
Multi-family residential		1,242	income approach	capitalization rate	7% - 7%	(7)%
Other real estate owned:
Real estate mortgage:
1-4 family residential		40	sales comparison	adjustment for differences between the comparable sales	(4)% - 11%	(29)%
Commercial		246	sales comparison	adjustment for differences between the comparable sales	(6)% - 8%	(62)%
Agricultural		233	sales comparison	adjustment for differences between the comparable sales	0% - 26%	(14)%
Mortgage servicing rights		1,107	discounted cash flow	constant prepayment rates	9% - 20%	(12)%

					Range
December 31, 2018		Fair	Valuation	Unobservable	(Weighted
(In thousands)		Value	Technique(s)	Input(s)	Average)
Impaired loans
Real estate mortgage:
1-4 family residential	$	993	sales comparison	adjustment for differences between the comparable sales	(21)% - 7%	(7)%
Other real estate owned:
Commercial		246	income approach	capitalization rate	10% - 10%	(10)%
Mortgage servicing rights		430	discounted cash flow	constant prepayment rates	7% - 25%	(9)%

Schedule of carrying amounts and estimated fair values of financial instruments

December 31, 2019:

	Carrying
(in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	22,182	$	22,182	$	—	$	—	$	22,182
Interest bearing time deposits		2,375		2,375		—		—		2,375
Securities available for sale		265,330		—		265,330		—		265,330
Loans held for sale		2,144		—		2,171		—		2,171
Net Loans		735,853		—		—		735,060		735,060
Federal Home Loan Bank stock		7,034		—		—		—		N/A
Interest receivable		4,166		—		1,035		3,131		4,166
Derivative and financial instruments		263		—		263		—		263
Other assets		292		292		—		—		292
Financial liabilities
Total deposits	$	842,653	$	630,948	$	210,892	$	—	$	841,840
Repurchase agreements		5,994		—		5,993		—		5,993
Short-term Federal Home Loan Bank advances		25,000		—		25,000		—		25,000
Long-term Federal Home Loan Bank advances		91,418		—		91,397		—		91,397
Subordinated debentures		7,217		—		—		7,213		7,213
Interest payable		1,170		—		1,156		14		1,170
Derivative and financial instruments		164		—		164		—		164

December 31, 2018:

	Carrying
(in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	26,101	$	26,101	$	—	$	—	$	26,101
Interest bearing time deposits		2,175		2,175		—		—		2,175
Securities available for sale		315,369		—		315,369		—		315,369
Loans held for sale		1,203		—		1,224		—		1,224
Net Loans		678,017		—		—		666,942		666,942
Federal Home Loan Bank stock		7,034		—		—		—		N/A
Interest receivable		4,150		—		1,346		2,804		4,150
Financial liabilities
Total deposits	$	850,442	$	620,885	$	226,734	$	—	$	847,619
Repurchase agreements		8,077		—		8,009		—		8,009
Short-term Federal Home Loan Bank advances		11,600		—		11,592		—		11,592
Long-term Federal Home Loan Bank advances		88,852		—		84,983		—		84,983
Note payable		2,718		—		2,841		—		2,841
Subordinated debentures		7,217		—		—		7,213		7,213
Interest payable		893		—		877		16		893