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Note 12 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2021
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
      

Fair Value Measurements at June 30, 2021

 

Description

 Balance as of June 30, 2021  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Assets:

                

Securities available for sale

                

U.S. Treasury securities

 $19,946  $—  $19,946  $— 

U.S. agency and mortgage-backed securities

  142,828   —   142,828   — 

Obligations of states and political subdivisions

  59,462   —   59,462   — 

Total securities available for sale

 $222,236  $—  $222,236  $— 

Derivatives - cash flow hedges

  888   —   888   — 

Total assets

 $223,124  $—  $223,124  $— 
      

Fair Value Measurements at December 31, 2020

 

Description

 Balance as of December 31, 2020  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Assets:

                

Securities available for sale

                

U.S. agency and mortgage-backed securities

 $101,598  $—  $101,598  $— 

Obligations of states and political subdivisions

  38,627   —   38,627   — 

Total securities available for sale

 $140,225  $—  $140,225  $— 

Derivatives - cash flow hedges

  431   —   431   — 

Total assets

 $140,656  $—  $140,656  $— 
Fair Value Measurements, Nonrecurring [Table Text Block]
      

Fair Value Measurements at June 30, 2021

 

Description

 Balance as of June 30, 2021  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Impaired loans, net

 $1,456  $—  $—  $1,456 
      

Fair Value Measurements at December 31, 2020

 

Description

 Balance as of December 31, 2020  Quoted Prices in Active Markets for Identical Assets (Level 1)  Significant Other Observable Inputs (Level 2)  Significant Unobservable Inputs (Level 3) 

Impaired loans, net

 $3,595  $—  $—  $3,595 
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

Quantitative information about Level 3 Fair Value Measurements for June 30, 2021

 
  

Fair Value

  

Valuation Technique

  

Unobservable Input

  

Range (Weighted Average) (1)

 

Impaired loans, net

 $1,456  

Present value of cash flows

  

Discount rate

   6.50%
  

Quantitative information about Level 3 Fair Value Measurements for December 31, 2020

 
  

Fair Value

  

Valuation Technique

  

Unobservable Input

  

Range (Weighted Average) (1)

 

Impaired loans, net

 $2,205  

Property appraisals

  

Selling cost

   10.00%

Impaired loans, net

  1,390  

Present value of cash flows

  

Discount rate

   6.50%
Fair Value, by Balance Sheet Grouping [Table Text Block]
      

Fair Value Measurements at June 30, 2021 Using

 
  Carrying Amount  Quoted Prices in Active Markets for Identical Assets Level 1  Significant Other Observable Inputs Level 2  Significant Unobservable Inputs Level 3  

Fair Value

 

Financial Assets

                    

Cash and short-term investments

 $128,247  $128,247  $—  $—  $128,247 

Securities available for sale

  222,236   —   222,236   —   222,236 

Securities held to maturity

  10,898   —   11,163   —   11,163 

Restricted securities

  1,631   —   1,631   —   1,631 

Loans, net

  611,883   —   —   620,501   620,501 

Bank owned life insurance

  18,128   —   18,128   —   18,128 

Accrued interest receivable

  2,662   —   2,662   —   2,662 

Derivatives - cash flow hedges

  888   —   888   —   888 

Financial Liabilities

                    

Deposits

 $914,305  $—  $818,573  $96,324  $914,897 

Subordinated debt

  9,992   —   —   10,892   10,892 

Junior subordinated debt

  9,279   —   —   10,912   10,912 

Accrued interest payable

  105   —   105   —   105 
      

Fair Value Measurements at December 31, 2020 Using

 
  Carrying Amount  Quoted Prices in Active Markets for Identical Assets Level 1  Significant Other Observable Inputs Level 2  Significant Unobservable Inputs Level 3  

Fair Value

 

Financial Assets

                    

Cash and short-term investments

 $127,297  $127,297  $—  $—  $127,297 

Securities available for sale

  140,225   —   140,225   —   140,225 

Securities held to maturity

  14,234   —   13,138   1,605   14,743 

Restricted securities

  1,875   —   1,875   —   1,875 

Loans held for sale

  245   —   245   —   245 

Loans, net

  622,429   —   —   633,638   633,638 

Bank owned life insurance

  17,916   —   17,916   —   17,916 

Accrued interest receivable

  2,717   —   2,717   —   2,717 

Derivatives - cash flow hedges

  431   —   431   —   431 

Financial Liabilities

                    

Deposits

 $842,461  $—  $742,264  $101,154  $843,418 

Subordinated debt

  9,991   —   —   10,304   10,304 

Junior subordinated debt

  9,279   —   —   10,364   10,364 

Accrued interest payable

  134   —   134   —   134