Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

Notes Tables

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

			March 31, 2018
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
U.S. government agency securities	$	-	$	8,305	$	-	$	8,305
Obligations of states and political subdivisions		-		65,579		-		65,579
Mortgage-backed securities in government-sponsored entities		-		17,378		-		17,378
Total debt securities		-		91,262		-		91,262
Equity securities in financial institutions		393		250		-		643
Total	$	393	$	91,512	$	-	$	91,905

			December 31, 2017
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a recurring basis:
U.S. government agency securities	$	-	$	8,719	$	-	$	8,719
Obligations of states and political subdivisions		-		67,429		-		67,429
Mortgage-backed securities in government-sponsored entities		-		18,510		-		18,510
Total debt securities		-		94,658		-		94,658
Equity securities in financial institutions		-		625		-		625
Total	$	-	$	95,283	$	-	$	95,283

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

			March 31, 2018
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	-	$	-	$	1,734	$	1,734

			December 31, 2017
(Dollar amounts in thousands)	Level I		Level II		Level III		Total
Assets measured on a non-recurring basis:
Impaired loans	$	-	$	-	$	3,072	$	3,072
Other real estate owned		-		-		32		32

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

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
March 31, 2018
Impaired loans	$	1,734	Appraisal of collateral (1)	Appraisal adjustments (2)	0%	to	100.0%	(40.58%)

	Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)
	Fair Value Estimate		Valuation Techniques	Unobservable Input	Range (Weighted Average)
December 31, 2017
Impaired loans	$	3,072	Appraisal of collateral (1)	Appraisal adjustments (2)	0%	to	86.1%	(13.8%)
Other real estate owned	$	32	Appraisal of collateral (1)	Appraisal adjustments (2)	0%	to	10.0%

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

	March 31, 2018
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents (1)	$	33,258	$	33,258	$	-	$	-	$	33,258
Loans held for sale		937		-		937		-		937
Net loans		924,823		-		-		916,073		916,073
Bank-owned life insurance (1)		15,764		15,764		-		-		15,764
Federal Home Loan Bank stock (1)		3,679		3,679		-		-		3,679
Accrued interest receivable (1)		3,269		3,269		-		-		3,269
Financial liabilities:
Deposits	$	944,573	$	662,072	$	-	$	279,850	$	941,922
Short-term borrowings (1)		18,671		18,671		-		-		18,671
Other borrowings		19,028		-		-		19,030		19,030
Accrued interest payable (1)		573		573		-		-		573

	December 31, 2017
	Carrying								Total
	Value		Level I		Level II		Level III		Fair Value
	(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents	$	39,886	$	39,886	$	-	$	-	$	39,886
Loans held for sale		463		-		463		-		463
Net loans		916,023		-		-		913,323		913,323
Bank-owned life insurance		15,652		15,652		-		-		15,652
Federal Home Loan Bank stock		3,589		3,589		-		-		3,589
Accrued interest receivable		3,288		3,288		-		-		3,288
Financial liabilities:
Deposits	$	878,194	$	635,207	$	-	$	242,020	$	877,227
Short-term borrowings		74,707		74,707		-		-		74,707
Other borrowings		29,065		-		-		29,069		29,069
Accrued interest payable		578		578		-		-		578