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Note 7 - Fair Value (Tables)
6 Months Ended
Jun. 30, 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

June 30, 2021:

                

Securities available-for-sale

                

U.S. government sponsored entities and agencies

 $8,209  $  $8,209  $ 

U.S. agency mortgage-backed securities: residential

  20,343      20,343    

U.S. agency collateralized mortgage obligations: residential

  43,855      43,855    

State and political subdivision

  87,163      87,163    

Corporate debt securities

  24,105      22,099   2,006 

Total available-for-sale securities

 $183,675  $  $181,669  $2,006 
                 

Equity securities

 $9  $9  $  $ 
                 

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 June 30, Six months ended June 30,
  

2021

 

2020

 

2021

 

2020

Balance at the beginning of the period

 $2,006  $4,022  $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  $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

June 30, 2021:

                

Impaired commercial real estate loan

 $288  $  $  $288 
                 

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

June 30, 2021:

         

Impaired commercial real estate loan

 $288 

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

June 30, 2021:

                    

Financial Assets:

                    

Cash and cash equivalents

 $50,518  $50,518  $50,518  $  $ 

Interest earning time deposits

  3,480   3,480      3,480    

Securities - available-for-sale

  183,675   183,675      181,669   2,006 

Securities - equities

  9   9   9       

Loans held for sale

               

Loans, net

  794,291   794,221         794,221 

Federal bank stock

  5,846   N/A   N/A   N/A   N/A 

Accrued interest receivable

  4,140   4,140   38   766   3,336 

Financial Liabilities:

                    

Deposits

  959,319   963,294   780,222   183,072    

Borrowed funds

  32,050   32,484      32,484    

Accrued interest payable

  448   448   9   439    

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