Note 10 - Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

			Fair Value Measurements at March 31, 2019 Using:
	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	44,753	$	44,753	$	-	$	-	$	44,753
Investment securities		173,227		-		173,227		-		173,227
Loans, net		569,778		-		-		598,785		598,785
FHLB stock		3,027		-		-		-		N/A
Accrued interest receivable		3,065		5		654		2,406		3,065
Financial liabilities:
Deposits		730,923		676,306		54,746		-		731,052
Repurchase agreements		8,910		-		8,910		-		8,910
Junior subordinated deferrable interest debentures		10,310		-		-		7,925		7,925
Accrued interest payable		94		12		57		25		94

			Fair Value Measurements at December 31, 2018 Using:
	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	46,686	$	46,686	$	-	$	-	$	46,686
Investment securities		171,507		-		171,507		-		171,507
Loans, net		562,498		-		-		580,396		580,396
FHLB stock		3,027		-		-		-		N/A
Accrued interest receivable		3,345		22		685		2,638		3,345
Financial liabilities:
Deposits		726,565		669,599		57,050		-		726,649
Repurchase agreements		13,058		-		13,058		-		13,058
Junior subordinated deferrable interest debentures		10,310		-		-		8,092		8,092
Accrued interest payable		88		11		52		25		88

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

			Fair Value Measurements at March 31, 2019 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government-sponsored agencies collateralized by mortgage obligations- residential	$	132,088	$	-	$	132,088	$	-
Obligations of states and political subdivisions		41,139				41,139
	$	173,227	$	-	$	173,227	$	-

			Fair Value Measurements at December 31, 2018 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government-sponsored agencies collateralized by mortgage obligations- residential	$	132,678	$	-	$	132,678	$	-
Obligations of states and political subdivisions		38,829				38,829
	$	171,507	$	-	$	171,507	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

			Fair Value Measurements at March 31, 2019 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Losses Three Months Ended March 31, 2019
Assets:
Impaired loans:
Construction and land	$	418	$	-	$	-	$	418	$	61
Other real estate:				-		-
Real estate – residential		368		-		-		368		-
Real estate – commercial		347		-		-		347		-
Construction and land		455		-		-		455		-
Total other real estate		1,170		-		-		1,170		-
Total	$	1,588	$	-	$	-	$	1,588	$	61

			Fair Value Measurements at December 31, 2018 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains Three Months Ended March 31, 2018
Assets:
Impaired loans:
Construction and land	$	-	$	-	$	-	$	-	$	3
Other real estate:
Real estate – residential		368		-		-		368		-
Real estate – commercial		347		-		-		347		-
Construction and land		455		-		-		455		-
Total other real estate		1,170		-		-		1,170		-
Total	$	1,170	$	-	$	-	$	1,170	$	3

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

							Range				Range
Description	Fair Value 3/31/2019		Fair Value 12/31/2018		Valuation Technique	Significant Unobservable Input	(Weighted Average) 3/31/2019				(Weighted Average) 12/31/2018
Impaired Loans:
RE – Commercial	$	418	$	-	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs			10%	(10%)	N/A
Other Real Estate:
RE – Residential	$	368	$	368	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	10%	-	34%	(16%)	10%	-	34%	(16%)
RE – Commercial	$	347	$	347	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	16%	-	17%	(16%)	16%	-	17%	(16%)
Construction and Land	$	455	$	455	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	10%	-	51%	(24%)	10%	-	51%	(24%)