Note 14 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

					Fair Value Measurements
(dollars in thousands)	Carrying Amount		Fair Value		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
December 31, 2019
Financial Instruments – Assets
Net Loans	$	566,460	$	557,054	$	-	$	556,851	$	203
Financial Instruments – Liabilities
Time Deposits		191,988		192,365		-		192,365		-
FHLB Advances		10,000		10,021		10,021		-		-
December 31, 2018
Financial Instruments – Assets
Net Loans	$	532,970	$	529,155	$	-	$	528,784	$	371
Financial Instruments – Liabilities
Time Deposits		180,143		176,188		-		176,188		-

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

(dollars in thousands)	Total		Level 1		Level 2		Level 3
December 31, 2019
Investment securities available for sale
U.S. Government Agencies	$	-	$	-	$	-	$	-
Mortgage-backed securities		19,504		-		19,504		-
Corporate securities		1,433		-		1,433		-
State and municipal securities		11,944		-		11,944		-
Total assets at fair value	$	32,881	$	-	$	32,881	$	-
December 31, 2018
Investment securities available for sale
U.S. Government Agencies	$	245	$	-	$	245	$	-
Mortgage-backed securities		24,763		-		24,763		-
Corporate securities		2,789		-		2,789		-
State and municipal securities		17,631		-		17,631		-
Total assets at fair value	$	45,428	$	-	$	45,428	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)	Total		Level 1		Level 2		Level 3
December 31, 2019
Impaired loans	$	203	$	-	$	-	$	203
Total assets at fair value	$	203	$	-	$	-	$	203

(dollars in thousands)	Total		Level 1		Level 2		Level 3
December 31, 2018
Impaired loans	$	371	$	-	$	-	$	371
Foreclosed assets		753		-		-		753
Total assets at fair value	$	1,124	$	-	$	-	$	1,124

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

	Fair Value at December 31, 2019		Fair Value at December 31, 2018		Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Impaired Loans	$	203	$	371	Appraised Value/Discounted Cash Flows/Market Value of Note	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell		0	–	10%
Other Real Estate Owned	$	-	$	753	Appraised Value/Comparable Sales/Other Estimates from Independent Sources	Discounts to reflect current market conditions and estimated costs to sell		0	–	0%