Note 11 - Fair Value Measurements and Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	September 30, 20 20
	Fair Value Measurements Using:
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Recurring fair value measurements
Investment securities available for sale:
Governmental National Mortgage Association mortgage-backed securities	$	5,163	$	-	$	5,163	$	-
Federal National Mortgage Association mortgage- backed securities		200		-		200		-
Corporate notes		5,587		-		5,587		-
Total investment securities available for sale	$	10,950	$	-	$	10,950	$	-
Total recurring fair value measurements	$	10,950	$	-	$	10,950	$	-
Nonrecurring fair value measurements
Impaired loans	$	321	$	-	$	-	$	321
Other Real Estate Owned		389		-		-		389
Total nonrecurring fair value measurements	$	710	$	-	$	-	$	710

	December 31, 2019
	Fair Value Measurements Using:
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Recurring fair value measurements:
Investment securities available for sale
Governmental National Mortgage Association mortgage-backed securities	$	5,853	$	-	$	5,853	$	-
Federal National Mortgage Association mortgage- backed securities		260		-		260		-
Corporate notes		1,510		-		1,510		-
Total investment securities available for sale	$	7,623	$	-	$	7,623	$	-
Total recurring fair value measurements	$	7,623	$	-	$	7,623	$	-
Nonrecurring fair value measurements
Impaired loans	$	319	$	-	$	-	$	319
Other Real Estate Owned		1,824		-		-		1,824
Total nonrecurring fair value measurements	$	2,143	$	-	$	-	$	2,143

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

	September 30, 2020
	Quantitative Information About Level 3 Fair Value Measurements
	Total Fair Value		Valuation Techniques	Unobservable Input	Range (Weighted Average)
Impaired loans	$	321	Appraisal of collateral (1)	Appraisal adjustments (2)		0%	-	0%	(0%)
Other real estate owned	$	389	Appraisal of collateral (1)	Appraisal adjustments (2)		0%	-	12%	(12%)

	December 31, 2019
	Quantitative Information About Level 3 Fair Value Measurements
	Total Fair Value		Valuation Techniques	Unobservable Input	Range (Weighted Average)
Impaired loans	$	319	Appraisal of collateral (1)	Appraisal adjustments (2)		0%	-	3%	(1%)
Other real estate owned	$	1,824	Appraisal of collateral (1)	Appraisal adjustments (2)		0%	-	12%	(12%)

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

					Fair Value Measurements at
					September 30, 2020
	Carrying Amount		Fair Value Estimate		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Financial Assets
Investment in interest-earning time deposits	$	9,463	$	9,781	$	-	$	-	$	9,781
Loans held for sale		30,986		31,957		-		31,957		-
Loans receivable, net		345,060		349,758		-		-		349,758
Financial Liabilities
Deposits		299,043		302,985		98,600		-		204,385
FHLB long-term borrowings		29,193		29,291		-		-		29,291
FRB long-term borrowings		48,834		48,823		-		-		48,823
Subordinated debt		7,890		8,014		-		-		8,014

					Fair Value Measurements at
					December 31, 2019
	Carrying Amount		Fair Value Estimate		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Financial Assets
Investment in interest-earning time deposits	$	10,172	$	10,536	$	--	$	--	$	10,536
Loans held for sale		8,928		9,205		--		9,205		--
Loans receivable, net		246,692		250,550		--		--		250,550
Financial Liabilities
Deposits		227,458		230,521		43,006		--		187,515
FHLB long-term borrowings		26,271		26,292		--		--		26,292
Subordinated debt		7,865		8,146		--		--		8,146