Note 9 - Fair Value of Assets and Liabilities (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	(Amounts in thousands)
			Fair Value Measurements at September 30, 2020 Using
	September 30,
Description	2020		Level 1		Level 2		Level 3
ASSETS
U.S. Government agencies and corporations	$	—	$	—	$	—	$	—
Obligations of states and political subdivisions		88,411		—		88,411		—
U.S. Government-sponsored mortgage-backed securities		67,915		—		67,915		—
U.S. Government-sponsored collateralized mortgage obligations		5,616		—		5,616		—
U.S. Government-guaranteed small business administration pools		5,635		—		5,635		—
Loans held for sale		6,564		6,564		—		—
Interest rate derivatives		4,239		—		4,239		—
LIABILITIES
Interest rate derivatives	$	4,239	$	—	$	4,239	$	—

	(Amounts in thousands)
			Fair Value Measurements at December 31, 2019 Using
	December 31,
Description	2019		Level 1		Level 2		Level 3
ASSETS
U.S. Government agencies and corporations	$	3,310	$	—	$	3,310	$	—
Obligations of states and political subdivisions		69,626		—		69,626		—
U.S. Government-sponsored mortgage-backed securities		48,237		—		48,237		—
U.S. Government-sponsored collateralized mortgage obligations		8,481		—		8,481		—
U.S. Government-guaranteed small business administration pools		6,477		—		6,477		—
Loans held for sale		4,890		4,890		—		—
Interest rate derivatives		1,422		—		1,422		—
LIABILITIES
Interest rate derivatives	$	1,422	$	—	$	1,422	$	—

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

	(Amounts in thousands)
	Fair value at September 30,		Valuation	Significant Unobservable
	2020		Technique	Input	Range of Inputs
Impaired loans	$	233	Appraisal of Collateral	Appraisal Adjustments		(76	)%
				Liquidation Expenses		(10	)%

	(Amounts in thousands)
	Fair value at December 31,		Valuation	Significant Unobservable
	2019		Technique	Input	Range of Inputs
Impaired loans	$	405	Appraisal of Collateral	Appraisal Adjustments		(76	)%
				Liquidation Expenses		(10	)%

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

	(Amounts in thousands)
	September 30, 2020
	Carrying
	Amount		Level 1		Level 2		Level 3		Fair Value
ASSETS:
Cash and cash equivalents	$	48,633	$	48,633	$	—	$	—	$	48,633
Net loans		528,101		—		—		530,052		530,052
Bank-owned life insurance		21,046		21,046		—		—		21,046
Accrued interest receivable		2,471		2,471		—		—		2,471
LIABILITIES:
Demand, savings and money market deposits	$	571,060	$	571,060	$	—	$	—	$	571,060
Time deposits		109,580		—		—		110,833		110,833
Securities sold under agreements to repurchase		1,088		1,088		—		—		1,088
Federal Home Loan Bank advances - short term		7,000		—		—		7,002		7,002
Federal Home Loan Bank advances - long term		24,000		—		—		24,472		24,472
Subordinated debt		5,155		—		—		4,537		4,537
Accrued interest payable		411		411		—		—		411

	(Amounts in thousands)
	December 31, 2019
	Carrying
	Amount		Level 1		Level 2		Level 3		Fair Value
ASSETS:
Cash and cash equivalents	$	27,815	$	27,815	$	—	$	—	$	27,815
Net loans		514,251		—		—		517,787		517,787
Bank-owned life insurance		17,768		17,768		—		—		17,768
Accrued interest receivable		2,336		2,336		—		—		2,336
LIABILITIES:
Demand, savings and money market deposits	$	476,358	$	476,358	$	—	$	—	$	476,358
Time deposits		142,023		—		—		143,485		143,485
Securities sold under agreements to repurchase		1,922		1,922		—		—		1,922
Federal Home Loan Bank advances - short term		—		—		—		—		—
Federal Home Loan Bank advances - long term		24,000		—		—		24,005		24,005
Subordinated debt		5,155		—		—		4,835		4,835
Accrued interest payable		510		510		—		—		510