Note 10 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

	Fair Value Measurements at March 31, 2019
					Significant		Significant
			Quoted Prices		Other		Other
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Available-for-sale debt securities:
Obligations of state and political subdivisions	$	132,124	$	-	$	132,124	$	-
U.S. government/government-sponsored agencies:
Collateralized mortgage obligations - residential		33,952		-		33,952		-
Collateralized mortgage obligations - commercial		75,143		-		75,143		-
Mortgage-backed securities		21,112		-		21,112		-
Private collateralized mortgage obligations		2,807		-		2,807		-
Corporate debt securities		4,993		-		1,023		3,970
Asset-backed securities		1,560		-		1,560		-
Negotiable certificates of deposit		2,423		-		2,423		-
Total available-for-sale debt securities	$	274,114	$	-	$	270,144	$	3,970
Equity securities, at fair value	$	903	$	903	$	-	$	-

	Fair Value Measurements at December 31, 2018
					Significant		Significant
			Quoted Prices		Other		Other
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
Available-for-sale debt securities:
Obligations of state and political subdivisions	$	152,187	$	-	$	152,187	$	-
U.S. government/government-sponsored agencies:
Collateralized mortgage obligations - residential		34,207		-		34,207		-
Collateralized mortgage obligations - commercial		73,640		-		73,640		-
Mortgage-backed securities		23,934		-		23,934		-
Private collateralized mortgage obligations		2,913		-		2,913		-
Corporate debt securities		4,936		-		1,007		3,929
Asset-backed securities		1,802		-		1,802		-
Negotiable certificates of deposit		2,413		-		2,413		-
Total available-for-sale debt securities	$	296,032	$	-	$	292,103	$	3,929
Equity securities, at fair value	$	891	$	891	$	-	$	-

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Fair Value Measurements
Using Significant Unobservable Inputs (Level 3)
	Corporate Debt Securities
	For the Three Months Ended March 31,
(in thousands)	2019		2018
Balance at January 1,	$	3,929	$	4,058
Additions		-		-
Payments Received		-		-
Sales		-		-
Total gains or losses (realized/unrealized):
Included in earnings		-		-
Included in other comprehensive income (loss)		41		(53	)
Balance at March 31,	$	3,970	$	4,005

Fair Value Measurements, Nonrecurring [Table Text Block]

	March 31, 2019
	Fair Value Measurement						Quantitative Information
	Recorded		Valuation		Fair		Valuation	Unobservable	Value/
(in thousands)	Investment		Allowance		Value		Technique	Inputs	Range
Impaired loans - collateral dependent	$	8,635	$	605	$	8,030	Appraisal of collateral	Selling cost		10.0	%
Impaired loans - other		4,838		301		4,537	Discounted cash flows	Discount rate		4.0%-7.5%
Other real estate owned		-		-		-	Appraisal of collateral	Selling cost		10.0	%

	December 31, 2018
	Fair Value Measurement						Quantitative Information
	Recorded		Valuation		Fair		Valuation	Unobservable	Value/
(in thousands)	Investment		Allowance		Value		Technique	Inputs	Range
Impaired loans - collateral dependent	$	8,020	$	606	$	7,414	Appraisal of collateral	Selling cost		10.0	%
Impaired loans - other		4,397		51		4,346	Discounted cash flows	Discount rate		3.7%-7.5%
Other real estate owned		919		-		919	Appraisal of collateral	Selling cost		10.0	%

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

	Fair Value	March 31, 2019				December 31, 2018
(in thousands)	Measurement	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial assets
Cash and short term investments	Level 1	$	32,745	$	32,745	$	36,481	$	36,481
Available-for-sale debt securities	See previous table		274,114		274,114		296,032		296,032
Equity securities, at fair value	Level 1		903		903		891		891
Restricted stock	Level 2		3,120		3,120		3,123		3,123
Loans held for sale	Level 2		609		609		820		820
Loans, net	Level 3		829,611		817,729		829,581		816,234
Accrued interest receivable	Level 2		3,706		3,706		3,614		3,614
Equity securities without readily determinable fair values	Level 3		1,658		1,658		1,658		1,658
Servicing rights	Level 3		350		836		350		878
Financial liabilities
Deposits	Level 2		1,040,090		1,038,922		1,095,629		1,093,797
Borrowed funds	Level 2		39,298		39,267		34,240		34,108
Accrued interest payable	Level 2		339		339		338		338