Note 8 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Notes Tables

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

	Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total
June 30, 2019
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	84,658	$	-	$	84,658
Agency CMO		-		40,226		-		40,226
Agency notes and bonds		-		64,459		-		64,459
Municipal obligations		-		70,102		-		70,102
Total securities available for sale	$	-	$	259,445	$	-	$	259,445
Equity securities	$	1,832	$	-	$	-		1,832
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	1,868	$	1,868
Land		-		-		192		192
Commercial real estate		-		-		850		850
Commercial business		-		-		400		400
Home equity and second mortgage		-		-		28		28
Other consumer		-		-		4		4
Total impaired loans	$	-	$	-	$	3,342	$	3,342
Loans held for sale	$	-	$	3,962	$	-	$	3,962
Foreclosed real estate:
Residential real estate	$	-	$	-	$	84	$	84
Commercial real estate		-		-		2,825		2,825
Total foreclosed real estate	$	-	$	-	$	2,909	$	2,909
December 31, 2018
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	91,257	$	-	$	91,257
Agency CMO		-		32,992		-		32,992
Agency notes and bonds		-		74,504		-		74,504
Municipal obligations		-		63,088		-		63,088
Total securities available for sale	$	-	$	261,841	$	-	$	261,841
Equity securities	$	1,715	$	-	$	-		1,715
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	2,181	$	2,181
Land		-		-		152		152
Construction		-		-		521		521
Commercial real estate		-		-		422		422
Commercial business		-		-		426		426
Home equity and second mortgage		-		-		35		35
Total impaired loans	$	-	$	-	$	3,737	$	3,737
Loans held for sale	$	-	$	2,849	$	-	$	2,849
Foreclosed real estate:
Residential real estate	$	-	$	-	$	33	$	33
Commercial real estate		-		-		3,109		3,109
Total foreclosed real estate	$	-	$	-	$	3,142	$	3,142

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

	Carrying		Fair		Fair Value Measurements Using
(In thousands)	Value		Value		Level 1		Level 2		Level 3
June 30, 2019
Financial assets:
Cash and cash equivalents	$	60,526	$	60,526	$	60,526	$	-	$	-
Interest-bearing time deposits		6,245		6,340		-		6,340		-
Securities available for sale		259,445		259,445		-		259,445		-
Loans held for sale		3,962		4,033		-		4,033		-
Loans, net		459,928		472,960		-		-		472,960
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		2,987		2,987		-		2,987		-
Equity securities (included in other assets)		1,832		1,832		1,832		-		-
Financial liabilities:
Deposits		734,627		733,775		-		-		733,775
Accrued interest payable		172		172		-		172		-
December 31, 2018:
Financial assets:
Cash and cash equivalents	$	41,112	$	41,112	$	41,112	$	-	$	-
Interest-bearing time deposits		7,710		7,650		-		7,650		-
Securities available for sale		261,841		261,841		-		261,841		-
Loans held for sale		2,849		2,900		-		2,900		-
Loans, net		434,260		427,200		-		-		427,200
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		2,828		2,828		-		2,828		-
Equity securities (included in other assets)		1,715		1,715		1,715		-		-
Financial liabilities:
Deposits		701,646		699,864		-		-		699,864
Accrued interest payable		150		150		-		150		-