Note 15 - Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
December 31, 2018:
Securities available for sale
U.S. Treasury and federal agency	$	4,445	$	4,445	$	-	$	-
U.S. government sponsored entities and agencies		16,783		-		16,783		-
U.S. agency mortgage-backed securities: residential		27,176		-		27,176		-
U.S. agency collateralized mortgage obligations: residential		18,664		-		18,664		-
State and political subdivision		22,732		-		22,732		-
Corporate debt securities		7,918		-		4,418		3,500
Total	$	97,718	$	4,445	$	89,773	$	3,500
Equity securities	$	7	$	7	$	-	$	-
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)	2018			2017
Balance at the beginning of the period	$	8,132		$	136
Total gains or losses (realized/unrealized):
Included in earnings		—			—
Included in other comprehensive income		1			(2	)
Issuances		—			—
Sales		(25	)		—
Acquired		—			—
Transfers in and/or out of Level 3		(4,608	)		7,998
Balance at the end of the period	$	3,500		$	8,132

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

(Dollar amounts in thousands)			(Level 1)		(Level 2)
			Quoted Prices in		Significant		(Level 3)
			Active Markets		Other		Significant
			for Identical		Observable		Unobservable
Description	Total		Assets		Inputs		Inputs
December 31, 2018:
Other real estate owned	$	160	$	-	$	-	$	160
Total	$	160	$	-	$	-	$	160

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

(Dollar amounts in thousands)			Valuation	Unobservable	Weighted
			Techniques(s)	Input (s)	Average
December 31, 2018:
Other real estate owned	$	160	Sales comparison approach	Adjustment for differences between comparable sales		10%

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
December 31, 2018 :
Financial Assets:
Cash and cash equivalents	$	17,693	$	17,693	$	17,693	$	-	$	-
Securities-available for sale		97,718		97,718		4,445		89,773		3,500
Securities-equities		7		7		7		-		-
Loans held for sale		-		120		-		120		-
Loans, net		708,664		702,747		-		-		702,747
Federal bank stock		6,351		N/A		N/A		N/A		N/A
Accrued interest receivable		2,570		2,570		63		351		2,156
Total	$	833,003	$	820,855	$	22,208	$	90,244	$	708,403
Financial Liabilities:
Deposits		761,546		767,009		539,946		227,063		-
Borrowed funds		45,350		44,869		-		44,869		-
Accrued interest payable		495		495		30		465		-
Total	$	807,391	$	812,373	$	539,976	$	272,397	$	-
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	$	-

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

(Dollar amounts in thousands)	2018				2017
	Fixed Rate		Variable Rate		Fixed Rate		Variable Rate
Commitments to make loans	$	684	$	7,450	$	8,611	$	1,022
Unused lines of credit		16,287		81,261		8,452		71,645
Total	$	16,971	$	88,711	$	17,063	$	72,667