Note 9 - Fair Values (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	Carrying		Fair Value Measurements Using
(Amounts in thousands)	Amounts		Level 1		Level 2		Level 3
September 30, 2020
Financial assets
Cash and cash equivalents	$	127,883	$	127,883	$	—	$	—
Securities available-for-sale	$	337,032	$	—	$	337,032	$	—
Net loans	$	1,188,155	$	—	$	—	$	1,205,297
Federal Home Loan Bank of San Francisco stock	$	7,380	$	7,380	$	—	$	—
Financial liabilities
Deposits	$	1,518,131	$	—	$	1,519,635	$	—
Term debts	$	19,993	$	—	$	20,232	$	—
Junior subordinated debenture	$	10,310	$	—	$	9,783	$	—

	Carrying		Fair Value Measurements Using
(Amounts in thousands)	Amounts		Level 1		Level 2		Level 3
December 31, 2019
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%	-	100%	-	(2.54%)
Loss Given Default (LGD)	0%	-	77.42%	-	(15.93%)
Prepayment Rate	0%	-	34.47%	-	(17.95%)
Discount Rate	1%	-	10.4%	-	(3.99%)

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

(Amounts in thousands)	Fair Value at September 30, 2020
Recurring Basis	Total		Level 1		Level 2		Level 3
Available-for-sale securities:
U.S. government and agencies	$	31,811	$	—	$	31,811	$	—
Obligations of state and political subdivisions		91,863		—		91,863		—
Residential mortgage-backed securities and collateralized mortgage obligations		165,692		—		165,692		—
Commercial mortgage-backed securities		19,577		—		19,577		—
Other asset-backed securities		28,089		—		28,089		—
Total assets measured at fair value	$	337,032	$	—	$	337,032	$	—

(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]

	Fair Value at September 30, 2020
(Amounts in thousands)	Total		Level 1		Level 2		Level 3
Nonrecurring basis:
Collateral dependent impaired loans	$	3,817	$	—	$	—	$	3,817
Other real estate owned		8		—		—		8
Total assets measured at fair value	$	3,825	$	—	$	—	$	3,825

	Fair Value at December 31, 2019
(Amounts in thousands)	Total		Level 1		Level 2		Level 3
Nonrecurring basis:
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]

	Three Months Ended September 30,				Nine Months Ended September 30,
(Amounts in thousands)	2020		2019		2020		2019
Fair value adjustments:
Collateral dependent impaired loans	$	353	$	29	$	498	$	328
Other real estate owned		—		43		6		43
Total	$	353	$	72	$	504	$	371