Note 7 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021:
Securities available-for-sale
U.S. government sponsored entities and agencies	$	6,059	$	—	$	6,059	$	—
U.S. agency mortgage-backed securities: residential		20,045		—		20,045		—
U.S. agency collateralized mortgage obligations: residential		22,676		—		22,676		—
State and political subdivision		69,243		—		69,243		—
Corporate debt securities		23,848		—		21,842		2,006
Total available-for-sale securities	$	141,871	$	—	$	139,865	$	2,006
Equity securities	$	13	$	13	$	—	$	—
December 31, 2020:
Securities available-for-sale
U.S. government sponsored entities and agencies	$	3,007	$	—	$	3,007	$	—
U.S. agency mortgage-backed securities: residential		16,581		—		16,581		—
U.S. agency collateralized mortgage obligations: residential		15,911		—		15,911		—
State and political subdivisions		55,577		—		55,577		—
Corporate debt securities		21,965		—		19,959		2,006
Total available-for-sale securities	$	113,041	$	—	$	111,035	$	2,006
Equity securities	$	15	$	15	$	—	$	—

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

(Dollar amounts in thousands)	Three months ended March 31,
	2021		2020
Balance at the beginning of the period	$	2,006	$	4,022
Total gains or losses (realized/unrealized):
Included in earnings		—		—
Included in other comprehensive income		—		—
Purchased into Level 3		—		—
Transfers in and/or out of Level 3		—		—
Balance at the end of the period	$	2,006	$	4,022

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, 2021:
Impaired commercial business loans	$	58	$	—	$	—	$	58
Impaired commercial real estate loans		339		—		—		339
Other real estate owned		9		—		—		9
Total	$	406	$	—	$	—	$	406
December 31, 2020:
Impaired commercial business loans	$	58	$	—	$	—	$	58
Impaired commercial real estate loans		340		—		—		340
Other real estate owned		9		—		—		9
Total	$	407	$	—	$	—	$	407

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

(Dollar amounts in thousands)			Valuation	Unobservable	Weighted
			Techniques(s)	Input(s)	Average
March 31, 2021:
Impaired commercial business loans	$	58	Sales comparison approach	Adjustment for differences between comparable sales		10	%
Impaired commercial real estate loans		339	Sales comparison approach	Adjustment for differences between comparable sales		10	%
Other real estate owned		9	Sales comparison approach	Adjustment for differences between comparable sales		10	%
December 31, 2020:
Impaired commercial business loans	$	58	Sales comparison approach	Adjustment for differences between comparable sales		10	%
Impaired commercial real estate loans		340	Sales comparison approach	Adjustment for differences between comparable sales		10	%
Other real estate owned		9	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, 2021:
Financial Assets:
Cash and cash equivalents	$	57,916	$	57,916	$	57,916	$	—	$	—
Interest earning time deposits		5,718		5,718		—		5,718		—
Securities - available-for-sale		141,871		141,871		—		139,865		2,006
Securities - equities		13		13		13		—		—
Loans held for sale		48		48		—		48		—
Loans, net		785,503		782,755		—		—		782,755
Federal bank stock		5,711		N/A		N/A		N/A		N/A
Accrued interest receivable		4,217		4,217		68		763		3,386
Financial Liabilities:
Deposits		926,227		930,964		743,965		186,999		—
Borrowed funds		32,050		32,587		—		32,587		—
Accrued interest payable		468		468		11		457		—

December 31, 2020:
Financial Assets:
Cash and cash equivalents	$	37,439	$	37,439	$	37,439	$	—	$	—
Interest earning time deposits		5,718		5,718		—		5,718		—
Securities - available-for-sale		113,041		113,041		—		111,035		2,006
Securities - equities		15		15		15		—		—
Loans held for sale		75		75		—		75		—
Loans, net		800,338		807,170		—		—		807,170
Federal bank stock		5,635		N/A		N/A		N/A		N/A
Accrued interest receivable		3,786		3,786		52		513		3,221
Financial Liabilities:
Deposits		893,627		899,446		705,680		193,766		—
Borrowed funds		32,050		33,256		—		33,256		—
Accrued interest payable		474		474		19		455		—