Note 8 - Fair Value (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

(Dollar amounts in thousands)			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Market		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
September 30, 2018:
Securities available for sale
U.S. Treasury and federal agency	$	4,395	$	4,395	$	-	$	-
U.S. government sponsored entities and agencies		16,550		-		16,550		-
U.S. agency mortgage-backed securities: residential		27,664		-		27,664		-
U.S. agency collateralized mortgage obligations: residential		19,205		-		19,205		-
State and political subdivision		22,260		-		22,260		-
Corporate debt securities		7,435		-		3,935		3,500
Total	$	97,509	$	4,395	$	89,614	$	3,500
Equity securities	$	473	$	473	$	-	$	-
December 31, 2017:
Securities available for sale
U.S. Treasury and federal agency	$	4,472	$	4,472	$	-	$	-
U.S. government sponsored entities and agencies		13,926		-		13,926		-
U.S. agency mortgage-backed securities: residential		20,758		-		20,758		-
U.S. agency collateralized mortgage obligations: residential		21,924		-		21,924		-
State and political subdivisions		29,240		-		29,240		-
Corporate debt securities		9,030		-		1,032		7,998
Total	$	99,350	$	4,472	$	86,880	$	7,998
Equity securities	$	1,817	$	1,683	$	-	$	134

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

(Dollar amounts in thousands)	Three months ended				Nine months ended
	September 30,				September 30,
	2018		2017		2018		2017
Balance at the beginning of the period	$	3,500	$	135	$	8,132	$	136
Total gains or losses (realized/unrealized):		-		-		-		-
Included in earnings		-		-		1		-
Included in other comprehensive income		-		(1)		-		(2)
Acquired		-		-		-		-
Sold out of Level 3		-		-		(25)		-
Transfers in and/or out of Level 3		-		-		(4,608)		-
Balance at the end of the period	$	3,500	$	134	$	3,500	$	134

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

(Dollar amounts in thousands)
	Carrying		Fair Value Measurements using:
Description	Amount		Total		Level 1		Level 2		Level 3
September 30, 2018:
Financial Assets:
Cash and cash equivalents	$	22,680	$	22,680	$	22,680	$	-	$	-
Securities-available for sale		97,509		97,509		4,395		89,614		3,500
Securities-equities		473		473		473		-		-
Loans held for sale		120		120		-		120		-
Loans, net		592,125		583,741		-		-		583,741
Federal bank stock		4,466		N/A		N/A		N/A		N/A
Accrued interest receivable		2,302		2,302		88		353		1,861
Total	$	719,675	$	706,825	$	27,636	$	90,087	$	589,102
Financial Liabilities:
Deposits		682,361		685,333		513,011		172,322		-
Borrowed funds		19,800		19,414		-		19,414		-
Accrued interest payable		460		460		38		422		-
Total	$	702,621	$	705,207	$	513,049	$	192,158	$	-

	Carrying		Fair Value Measurements using:
	Amount		Total		Level 1		Level 2		Level 3
December 31, 2017:
Financial Assets:
Cash and cash equivalents	$	14,374	$	14,374	$	14,374	$	-	$	-
Securities-available for sale		99,350		99,350		4,472		86,880		7,998
Securities-equities		1,817		1,817		1,683		-		134
Loans held for sale		504		504		-		504		-
Loans, net		577,234		577,616		-		-		577,616
Federal bank stock		4,662		N/A		N/A		N/A		N/A
Accrued interest receivable		2,217		2,217		59		338		1,820
Total	$	700,158	$	695,878	$	20,588	$	87,722	$	587,568
Financial Liabilities:
Deposits		654,643		657,414		483,956		173,458		-
Borrowed funds		26,000		25,499		-		25,499		-
Accrued interest payable		413		413		23		390		-
Total	$	681,056	$	683,326	$	483,979	$	199,347	$	-