Note 9 - Fair Values (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

(Amounts in thousands)	Carrying		Fair Value Measurements Using
March 31, 2020	Amounts		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	43,940	$	43,940	$	—	$	—
Securities available-for-sale	$	285,077	$	—	$	285,077	$	—
Net loans	$	1,039,307	$	—	$	—	$	1,051,561
Federal Home Loan Bank of San Francisco stock	$	7,380	$	7,380	$	—	$	—
Financial liabilities
Deposits	$	1,242,387	$	—	$	1,244,030	$	—
Term debt	$	19,969	$	—	$	20,272	$	—
Junior subordinated debenture	$	10,310	$	—	$	11,614	$	—

(Amounts in thousands)	Carrying		Fair Value Measurements Using
December 31, 2019	Amounts		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	80,604	$	80,604	$	—	$	—
Securities available-for-sale	$	286,950	$	—	$	286,950	$	—
Net loans	$	1,022,834	$	—	$	—	$	1,025,520
Federal Home Loan Bank of San Francisco stock	$	7,380	$	7,380	$	—	$	—
Financial liabilities
Deposits	$	1,267,171	$	—	$	1,267,153	$	—
Term debt	$	9,957	$	—	$	10,006	$	—
Junior subordinated debenture	$	10,310	$	—	$	13,471	$	—

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

Quantitative Information about Level 3 Fair Value Measurements
Unobservable Inputs	Range (Weighted Average)
Probability of Default (PD)		0.51%	-	100%	-	(1.72%)
Loss Given Default (LGD)		0%	-	77.42%		(18.72%)
Prepayment Rate		0%	-	34.47%	-	(20.79%)
Discount Rate		3.33%	-	9.08% -	-	(4.82%)

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

(Amounts in thousands)	Fair Value at March 31, 2020
Recurring Basis	Total		Level 1		Level 2		Level 3
Available-for-sale securities:
U.S. government and agencies	$	36,043	$	—	$	36,043	$	—
Obligations of state and political subdivisions		63,263		—		63,263		—
Residential mortgage-backed securities and collateralized mortgage obligations		160,439		—		160,439		—
Corporate securities		2,983		—		2,983		—
Commercial mortgage-backed securities		17,428		—		17,428		—
Other asset-backed securities		4,921		—		4,921		—
Total assets measured at fair value	$	285,077	$	—	$	285,077	$	—

(Amounts in thousands)	Fair Value at December 31, 2019
Recurring Basis	Total		Level 1		Level 2		Level 3
Available-for-sale securities:
U.S. government and agencies	$	38,733	$	—	$	38,733	$	—
Obligations of state and political subdivisions		42,098		—		42,098		—
Residential mortgage-backed securities and collateralized mortgage obligations		180,835		—		180,835		—
Corporate securities		2,966		—		2,966		—
Commercial mortgage-backed securities		19,307		—		19,307		—
Other asset-backed securities		3,011		—		3,011		—
Total assets measured at fair value	$	286,950	$	—	$	286,950	$	—

Fair Value Measurements, Nonrecurring [Table Text Block]

(Amounts in thousands)	Fair Value at March 31, 2020
Nonrecurring basis	Total		Level 1		Level 2		Level 3
Other real estate owned	$	8	$	—	$	—	$	8
Total assets measured at fair value	$	8	$	—	$	—	$	8

(Amounts in thousands)	Fair Value at December 31, 2019
Nonrecurring basis	Total		Level 1		Level 2		Level 3
Collateral dependent impaired loans	$	33	$	—	$	—	$	33
Other real estate owned		35		—		—		35
Total assets measured at fair value	$	68	$	—	$	—	$	68

Loss from Nonrecurring Fair Value [Table Text Block]

(Amounts in thousands)	Three Months Ended March 31,
Fair value adjustments	2020		2019
Other real estate owned	$	6	$	68
Total	$	6	$	68