Note 3 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

			Fair Value Measurements at December 31, 2019 Using:
									Total Fair
	Carrying Value		Level 1		Level 2		Level 3		Value
Financial assets:
Cash and cash equivalents	$	46,942,000	$	46,942,000					$	46,942,000
Investment securities		159,320,000			$	159,320,000				159,320,000
Loans, net		616,036,000					$	626,795,000		626,795,000
FHLB stock		3,517,000								N/A
Accrued interest receivable		3,398,000		15,000		574,000		2,809,000		3,398,000
Financial liabilities:
Deposits		747,324,000		709,130,000		38,202,000				747,332,000
Repurchase agreements		16,013,000				16,013,000				16,013,000
Junior subordinated deferrable interest debentures		10,310,000						7,661,000		7,661,000
Accrued interest payable		96,000		13,000		60,000		23,000		96,000

			Fair Value Measurements at December 31, 2018 Using:
									Total Fair
	Carrying Value		Level 1		Level 2		Level 3		Value
Financial assets:
Cash and cash equivalents	$	46,686,000	$	46,686,000					$	46,686,000
Investment securities		171,507,000			$	171,507,000				171,507,000
Loans, net		562,498,000					$	580,396,000		580,396,000
FHLB stock		3,027,000								N/A
Accrued interest receivable		3,345,000		22,000		685,000		2,638,000		3,345,000
Financial liabilities:
Deposits		726,565,000		669,599,000		57,050,000				726,649,000
Repurchase agreements		13,058,000				13,058,000				13,058,000
Junior subordinated deferrable interest debentures		10,310,000						8,092,000		8,092,000
Accrued interest payable		88,000		11,000		52,000		25,000		88,000

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

			Fair Value Measurements at
			December 31, 2019 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Total Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Government-sponsored agencies collateralized by mortgage obligations-residential	$	125,678,000	$	-	$	125,678,000	$	-
Obligations of states and political subdivisions		33,642,000				33,642,000
	$	159,320,000	$	-	$	159,320,000	$	-

			Fair Value Measurements at
			December 31, 2018 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Total Fair		Assets		Inputs		Inputs
	Value		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Government-sponsored agencies collateralized by mortgage obligations-residential	$	132,678,000	$	-	$	132,678,000	$	-
Obligations of states and political subdivisions		38,829,000				38,829,000
	$	171,507,000	$	-	$	171,507,000	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

			Fair Value Measurements at December 31, 2019 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Total		Assets		Inputs		Inputs		Total
	Fair Value		(Level 1)		(Level 2)		(Level 3)		Losses
Assets:
Impaired loans:
Real estate - commercial	$	130,000	$	-	$	-	$	130,000	$	(121,000	)
Total impaired loans		130,000		-		-		130,000		(121,000	)
Other real estate:
Real estate – commercial	$	347,000		-		-	$	347,000		-
Real estate – construction and land development		360,000		-		-		360,000		-
Total other real estate		707,000		-		-		707,000	$	-
Total	$	837,000	$	-	$	-	$	837,000	$	(121,000	)

			Fair Value Measurements at December 31, 2018 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
	Total		Assets		Inputs		Inputs		Total
	Fair Value		(Level 1)		(Level 2)		(Level 3)		Losses
Assets:
Other real estate:
Real estate – residential	$	368,000	$	-	$	-	$	368,000	$	-
Real estate – commercial		347,000		-		-		347,000		-
Real estate – construction and land development		455,000		-		-		455,000		(117,000	)
Total	$	1,170,000	$	-	$	-	$	1,170,000	$	(117,000	)

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

							Range			Range
	Fair Value		Fair Value		Valuation		(Weighted Average)			(Weighted Average)
Description	12/31/2019		12/31/2018		Technique	Significant Unobservable Input	12/31/2019			12/31/2018
Impaired Loans:
RE – Commercial	$	130	$	-	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		10%	(10%)		N/A
Other Real Estate:
RE – Residential	$	-	$	368	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		N/A			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	$	360	$	455	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		10%	(10%)		10% - 51	(24%)