Note 10 - Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

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)
June 30, 2021
Financial Instruments – Assets
Net Loans	$	692,037	$	684,336	$	-	$	684,147	$	189
Financial Instruments – Liabilities
Time Deposits		200,651		201,651		-		201,651		-
FHLB Advances		10,000		9,842		9,842		-		-
December 31, 2020
Financial Instruments – Assets
Net Loans	$	659,195	$	653,454	$	-	$	653,255	$	199
Financial Instruments – Liabilities
Time Deposits		194,419		196,522		-		196,522		-
FHLB Advances		10,000		9,765		9,765		-		-

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

(dollars in thousands)	Total		Level 1		Level 2		Level 3
June 30, 2021
Investment securities available for sale
U.S. Government agencies	$	19,546	$	-	$	19,546	$	-
Mortgage-backed securities		49,469		-		49,469		-
Corporate securities		1,500		-		1,500		-
State and municipal securities		32,380		-		32,380		-
Total assets at fair value	$	102,895	$	-	$	102,895	$	-
December 31, 2020
Investment securities available for sale
Mortgage-backed securities	$	15,684	$	-	$	15,684	$	-
Corporate securities		1,500		-		1,500		-
State and municipal securities		16,323		-		16,323		-
Total assets at fair value	$	33,507	$	-	$	33,507	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)	Total		Level 1		Level 2		Level 3
June 30, 2021
Impaired loans	$	189	$	-	$	-	$	189
Total assets at fair value	$	189	$	-	$	-	$	189

(dollars in thousands)	Total		Level 1		Level 2		Level 3
December 31, 2020
Impaired loans	$	199	$	-	$	-	$	199
Total assets at fair value	$	199	$	-	$	-	$	199

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

	Fair Value at June 30, 2021		Fair Value at December 31, 2020		Valuation Technique	Significant Unobservable Inputs	General Range of Significant Unobservable Input Values
Impaired Loans	$	189	$	199	Appraised Value/Discounted Cash Flows/Market Value of Note	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell	0	-	10%