Note 15 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

	Fair Value Measurements at December 31, 2019
			Quoted Prices		Significant		Significant
			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	$	117,763	$	-	$	117,763	$	-
U.S. government/government-sponsored agencies:
Collateralized mortgage obligations - residential		80,294		-		80,294		-
Collateralized mortgage obligations - commercial		17,723		-		17,723		-
Mortgage-backed securities		18,485		-		18,485		-
Private collateralized mortgage obligations		25,075		-		25,075		-
Corporate debt securities		7,182		-		2,032		5,150
Asset-backed securities		5,621		-		5,621		-
Negotiable certificates of deposit		696		-		696		-
Total available-for-sale debt securities	$	272,839	$	-	$	267,689	$	5,150
Equity Securities	$	920	$	920	$	-	$	-

	Fair Value Measurements at December 31, 2018
			Quoted Prices		Significant		Significant
			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	$	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 Year Ended December 31,
(in thousands)	2019		2018
Balance at January 1,	$	3,929	$	4,058
Additions		1,000		-
Payments received		-		-
Sales		-		-
Total gains or losses (realized/unrealized):
Included in earnings		-		-
Included in other comprehensive income		221		(129	)
Balance at December 31,	$	5,150	$	3,929

Fair Value Measurements, Nonrecurring [Table Text Block]

	December 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	$	7,721	$	376	$	7,345	Appraisal of collateral	Selling costs		10.0%
Impaired loans - other		8,065		97		7,968	Discounted cash flows	Discount rate	3.99%	-	7.49	%
Other real estate owned		289		-		289	Appraisal of collateral	Selling costs		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 costs		10.0%
Impaired loans - other		4,397		51		4,346	Discounted cash flows	Discount rate	3.70%	-	7.50%
Other real estate owned		919		-		919	Appraisal of collateral	Selling costs		10.0%

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

	Fair Value	December 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	$	34,565	$	34,565	$	36,481	$	36,481
Available-for-sale debt securities	See previous table		272,839		272,839		296,032		296,032
Equity securities	Level 1		920		920		891		891
Restricted stock	Level 2		3,804		3,804		3,123		3,123
Loans held for sale	Level 2		1,061		1,061		820		820
Loans, net	Level 3		819,529		810,074		829,581		816,234
Accrued interest receivable	Level 2		3,234		3,234		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		356		790		350		878
Financial liabilities
Deposits	Level 2		1,001,709		1,001,829		1,095,629		1,093,797
Borrowed funds	Level 2		57,219		57,234		34,240		34,108
Accrued interest payable	Level 2		258		258		338		338