Note 7 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020:
Securities available-for-sale
U.S. government sponsored entities and agencies	$	1,027	$	—	$	1,027	$	—
U.S. agency mortgage-backed securities: residential		41,057		—		41,057		—
U.S. agency collateralized mortgage obligations: residential		31,773		—		31,773		—
State and political subdivision		28,367		—		28,367		—
Corporate debt securities		12,195		—		8,173		4,022
Total available-for-sale securities	$	114,419	$	—	$	110,397	$	4,022
Equity securities	$	9	$	9	$	—	$	—
December 31, 2019:
Securities available-for-sale
U.S. government sponsored entities and agencies	$	7,077	$	—	$	7,077	$	—
U.S. agency mortgage-backed securities: residential		41,075		—		41,075		—
U.S. agency collateralized mortgage obligations: residential		32,837		—		32,837		—
State and political subdivisions		27,796		—		27,796		—
Corporate debt securities		11,322		—		7,300		4,022
Total available-for-sale securities	$	120,107	$	—	$	116,085	$	4,022
Equity securities	$	19	$	19	$	—	$	—

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

(Dollar amounts in thousands)	Three Months Ended March 31,
	2020		2019
Balance at the beginning of the period	$	4,022	$	3,500
Total gains or losses (realized/unrealized):
Included in earnings		—		—
Included in other comprehensive income		—		—
Transfers in and/or out of Level 3		—		—
Balance at the end of the period	$	4,022	$	3,500

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, 2020:
Impaired commercial real estate loans	$	131	$	—	$	—	$	131
Impaired commercial business loans		40		—		—		40
Total	$	171	$	—	$	—	$	171
December 31, 2019:
Other real estate owned	$	88	$	—	$	—	$	88
Total	$	88	$	—	$	—	$	88

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

(Dollar amounts in thousands)			Valuation	Unobservable	Weighted
			Techniques(s)	Input(s)	Average
March 31, 2020:
Impaired commercial real estate loans	$	131	Sales comparison approach	Adjustment for differences between comparable sales		10	%
Impaired commercial business loans		40	Liquidation value of business assets	Adjustment for differences between comparable business assets		10-100% (18.5%)
December 31, 2019:
Other real estate owned	$	88	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, 2020:
Financial Assets:
Cash and cash equivalents	$	10,089	$	10,089	$	10,089	$	—	$	—
Interest earning time deposits		8,948		8,948		—		8,948		—
Securities - available-for-sale		114,419		114,419		—		110,397		4,022
Securities - equities		9		9		9		—		—
Loans, net		734,730		730,472		—		—		730,472
Federal bank stock		6,866		N/A		N/A		N/A		N/A
Accrued interest receivable		2,861		2,861		114		476		2,271
Total	$	877,922	$	866,798	$	10,212	$	119,821	$	736,765
Financial Liabilities:
Deposits		782,716		788,806		570,399		218,407		—
Borrowed funds		60,550		52,678		—		52,678		—
Accrued interest payable		661		661		57		604		—
Total	$	843,927	$	842,145	$	570,456	$	271,689	$	—

December 31, 2019:
Financial Assets:
Cash and cash equivalents	$	14,986	$	14,986	$	14,986	$	—	$	—
Interest earning time deposits		9,698		9,698		—		9,698		—
Securities - available-for-sale		120,107		120,107		—		116,085		4,022
Securities - equities		19		19		19		—		—
Loans, net		695,348		697,990		—		—		697,990
Federal bank stock		5,790		N/A		N/A		N/A		N/A
Accrued interest receivable		2,600		2,600		78		419		2,103
Total	$	848,548	$	845,400	$	15,083	$	126,202	$	704,115
Financial Liabilities:
Deposits		787,124		793,999		569,357		224,642		—
Borrowed funds		28,550		29,133		—		29,133		—
Accrued interest payable		616		616		51		565		—
Total	$	816,290	$	823,748	$	569,408	$	254,340	$	—