Note 7 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022:
Securities available-for-sale
U.S. government sponsored entities and agencies	$	5,547	$	—	$	5,547	$	—
U.S. agency mortgage-backed securities: residential		10,816		—		10,816		—
U.S. agency collateralized mortgage obligations: residential		46,025		—		46,025		—
State and political subdivision		78,758		—		78,758		—
Corporate debt securities		25,009		—		20,424		4,585
Total available-for-sale securities	$	166,155	$	—	$	161,570	$	4,585
Equity securities	$	5	$	5	$	—	$	—
December 31, 2021:
Securities available-for-sale
U.S. government sponsored entities and agencies	$	8,159	$	—	$	8,159	$	—
U.S. agency mortgage-backed securities: residential		12,035		—		12,035		—
U.S. agency collateralized mortgage obligations: residential		49,490		—		49,490		—
State and political subdivisions		92,562		—		92,562		—
Corporate debt securities		24,024		—		20,439		3,585
Total available-for-sale securities	$	186,270	$	—	$	182,685	$	3,585
Equity securities	$	5	$	5	$	—	$	—

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

(Dollar amounts in thousands)	Three months ended March 31,
	2022		2021
Balance at the beginning of the period	$	3,585	$	2,006
Total gains or losses (realized/unrealized):
Included in earnings		—		—
Included in other comprehensive income		—		—
Purchased into Level 3		1,000		—
Transfers in and/or out of Level 3		—		—
Balance at the end of the period	$	4,585	$	2,006

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, 2022:
Impaired commercial real estate loans	$	325	$	—	$	—	$	325
Total	$	325	$	—	$	—	$	325
December 31, 2021:
Impaired commercial business loan	$	54	$	—	$	—	$	54
Impaired commercial real estate loans		470		—		—		470
Total	$	524	$	—	$	—	$	524

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

(Dollar amounts in thousands)			Valuation	Unobservable	Weighted
			Techniques(s)	Input(s)	Average
March 31, 2022:
Impaired commercial real estate loans	$	325	Sales comparison approach	Adjustment for differences between comparable sales		10	%
December 31, 2021:
Impaired commercial business loan	$	54	Sales comparison approach	Adjustment for differences between comparable sales		10	%
Impaired commercial real estate loans		470	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, 2022:
Financial Assets:
Cash and cash equivalents	$	9,549	$	9,549	$	9,549	$	—	$	—
Interest earning time deposits		2,484		2,484		—		2,484		—
Securities - available-for-sale		166,155		166,155		—		161,570		4,585
Securities - equities		5		5		5		—		—
Loans held for sale		120		120		—		120		—
Loans, net		794,932		794,968		—		—		794,968
Federal bank stock		5,547		N/A		N/A		N/A		N/A
Accrued interest receivable		3,970		3,970		59		958		2,953
Financial Liabilities:
Deposits		935,956		938,613		792,257		146,356		—
Borrowed funds		18,050		17,647		—		17,647		—
Accrued interest payable		333		333		4		329		—

December 31, 2021:
Financial Assets:
Cash and cash equivalents	$	9,080	$	9,080	$	9,080	$	—	$	—
Interest earning time deposits		2,484		2,484		—		2,484		—
Securities - available-for-sale		186,270		186,270		—		182,685		3,585
Securities - equities		5		5		5		—		—
Loans held for sale		469		469		—		469		—
Loans, net		780,010		780,086		—		—		780,086
Federal bank stock		5,715		N/A		N/A		N/A		N/A
Accrued interest receivable		3,731		3,731		35		817		2,879
Financial Liabilities:
Deposits		918,496		921,811		767,840		153,971		—
Borrowed funds		22,050		22,121		—		22,121		—
Accrued interest payable		338		338		5		333		—