Note 17 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

	(in thousands)
2019	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Recurring:
Securities available-for-sale:
Obligations of state and political subdivisions	$	-	$	72,554	$	-	$	72,554
Mortgage-backed		-		110,041		-		110,041
Other		1,014		2		-		1,016
Mortgage servicing rights		-		-		1,061		1,061
Total recurring	$	1,014	$	182,597	$	1,061	$	184,672
Nonrecurring:
Impaired loans	$	-	$	-	$	1,495	$	1,495

	(in thousands)
2018	Level 1 inputs		Level 2 inputs		Level 3 inputs		Total fair value
Recurring:
Securities available-for-sale:
Obligations of state and political subdivisions	$	-	$	59,466	$	-	$	59,466
Mortgage-backed		-		106,924		-		106,924
Other		962		2		-		964
Mortgage servicing rights		-		-		1,313		1,313
Total recurring	$	962	$	166,392	$	1,313	$	168,667
Nonrecurring:
Impaired loans	$	-	$	-	$	244	$	244
Other real estate owned		-		-		108		108
Total nonrecurring	$	-	$	-	$	352	$	352

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

Security valued using Level 3 inputs	(in thousands)
Balance at beginning of year	$	2,238
Principal payments received		(2,238	)
Changes in fair value		-
Balance at end of year	$	-

	(in thousands)
Mortgage Servicing Rights	2019			2018			2017
Balance at beginning of year	$	1,313		$	1,270		$	1,247
Gains or losses, including realized and unrealized:
Purchases, issuances, and settlements		192			164			183
Disposals – amortization based on loan payments and payoffs		(186	)		(147	)		(129	)
Changes in fair value		(258	)		26			(31	)
Balance at end of year	$	1,061		$	1,313		$	1,270