Note 7 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

(Dollar amounts in thousands)			(Level 1)		(Level 2)		(Level 3)
Description	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
March 31, 2019:
Securities available-for-sale
U.S. Treasury and federal agency	$	4,472	$	4,472	$	—	$	—
U.S. government sponsored entities and agencies		13,943		—		13,943		—
U.S. agency mortgage-backed securities: residential		30,805		—		30,805		—
U.S. agency collateralized mortgage obligations: residential		21,272		—		21,272		—
State and political subdivision		20,007		—		20,007		—
Corporate debt securities		8,493		—		4,993		3,500
Total available-for-sale securities	$	98,992	$	4,472	$	91,020	$	3,500
Equity securities	$	17	$	17	$	—	$	—
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 subdivisions		22,732		—		22,732		—
Corporate debt securities		7,918		—		4,418		3,500
Total available-for-sale securities	$	97,718	$	4,445	$	89,773	$	3,500
Equity securities	$	7	$	7	$	—	$	—

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

(Dollar amounts in thousands)	Three months ended March 31,
	2019		2018
Balance at the beginning of the period	$	3,500	$	8,132
Total gains or losses (realized/unrealized):
Included in earnings		—		1
Included in other comprehensive income		—		—
Acquired		—		—
Transfers in and/or out of Level 3		—		(4,608	)
Balance at the end of the period	$	3,500	$	3,525

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

(Dollar amounts in thousands)			(Level 1)		(Level 2)		(Level 3)
Description	Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
March 31, 2019:
Other real estate owned	$	6	$	-	$	-	$	6
Total	$	6	$	-	$	-	$	6
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
March 31, 2019:
Other real estate owned	$	6	Sales comparison approach	Adjustment for differences between comparable sales	10	%
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
March 31, 2019:
Financial Assets:
Cash and cash equivalents	$	7,727	$	7,727	$	7,727	$	—	$	—
Interest earning time deposits		6,238		6,238		—		6,238		—
Securities - available-for-sale		98,992		98,992		4,472		91,020		3,500
Securities - equities		17		17		17		—		—
Loans held for sale		212		212		—		212		—
Loans, net		700,352		691,947		—		—		691,947
Federal bank stock		5,799		N/A		N/A		N/A		N/A
Accrued interest receivable		2,735		2,735		100		349		2,286
Total	$	822,072	$	807,868	$	12,316	$	97,819	$	697,733
Financial Liabilities:
Deposits		759,427		767,115		540,936		226,179		—
Borrowed funds		35,300		34,863		—		34,863		—
Accrued interest payable		603		603		46		557		—
Total	$	795,330	$	802,581	$	540,982	$	261,599	$	—

	Carrying		Fair Value Measurements using:
	Amount		Total		Level 1		Level 2		Level 3
December 31, 2018:
Financial Assets:
Cash and cash equivalents	$	10,955	$	10,955	$	10,955	$	—	$	—
Interest earning time deposits		6,738		6,738		—		6,738		—
Securities - available-for-sale		97,718		97,718		4,445		89,773		3,500
Securities - equities		7		7		7		—		—
Loans held for sale		—		—		—		—		—
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	$	820,735	$	15,470	$	96,862	$	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	$	—