Note 9 - Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

			Fair Value Measurements at September 30, 2020, Using:
	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	175,531	$	175,531	$	-	$	-	$	175,531
Investment securities		158,002		-		158,002		-		158,002
Loans, net		737,650		-		-		769,605		769,605
FHLB stock		3,667		-		-		-		N/A
Accrued interest receivable		5,421		8		564		4,849		5,421
Financial liabilities:
Deposits		977,529		938,651		40,459		-		979,110
Interest rate swaps		43				43				43
Repurchase agreements		15,159		-		15,159		-		15,159
FHLB advances		10,000		-		9,992		-		9,992
Junior subordinated deferrable interest debentures		10,310		-		-		7,249		7,249
Accrued interest payable		71		8		48		15		71

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

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

			Fair Value Measurements at
			September 30, 2020 Using
			Quoted
			Prices in
			Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets:
U.S. Government-sponsored agencies collateralized by mortgage obligations- residential	$	110,009	$	-	$	110,009	$	-
U.S. Government-agencies collateralized by mortgage obligations-commercial		5,416		-		5,416		-
Obligations of states and political subdivisions		42,577				42,577
	$	158,002	$	-	$	158,002	$	-
Liabilities:
Interest rate swaps	$	43	$	-	$	43	$	-

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

Fair Value Measurements, Nonrecurring [Table Text Block]

			Fair Value Measurements at
			September 30, 2020 Using
			Quoted
			Prices in						Total
			Active		Significant				Losses
			Markets for		Other		Significant		Nine Months
			Identical		Observable		Unobservable		Ended
			Assets		Inputs		Inputs		September 30,
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)		2020
Assets:
Impaired loans:
Real estate – commercial	$	130	$	-	$	-	$	130	$	-
Other real estate:
Real estate – commercial		347		-		-		347		-
Real estate – residential		56		-		-		56		-
Real estate - construction and land		360		-		-		360		-
Total other real estate		763		-		-		763		-
Total	$	893	$	-	$	-	$	893	$	-

			Fair Value Measurements at
			December 31, 2019 Using
			Quoted
			Prices in						Total
			Active		Significant				Losses
			Markets for		Other		Significant		Nine Months
			Identical		Observable		Unobservable		Ended
			Assets		Inputs		Inputs		September 30,
	Total Fair Value		(Level 1)		(Level 2)		(Level 3)		2019
Assets:
Impaired loans:
Real estate – commercial	$	130	$	-	$	-	$	130	$	118
Other real estate:
Real estate – commercial		347		-		-		347		-
Real estate - construction and land		360		-		-		360		-
Total other real estate		707		-		-		707		-
Total	$	837	$	-	$	-	$	837	$	118

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

							Range		Range
	Fair Value		Fair Value		Valuation		(Weighted Average)		(Weighted Average)
Description	9/30/2020		12/31/2019		Technique	Significant Unobservable Input	9/30/2020		12/31/2019
Impaired Loans:
RE – Commercial	$	130	$	130	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	10%	(10.0)%	10%	(10.0)%
Other Real Estate:
RE – Commercial	$	347	$	347	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	16% - 17%	(16.0)%	16% - 17%	(16.0)%
RE – Residential	$	56	$	-	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	47.0%	(47.0)%	N/A
RE -Construction and Land	$	360	$	360	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	10%	(10.0)%	10%	(10.0)%