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Note 3 - Securities
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
NOTE
3
– SECURITIES
 
The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at
March 31, 2019
and
December 31, 2018
and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive (loss) and gross unrecognized gains and losses:
 
 
Securities Available for Sale
 
 
Amortized
Cost
    
Gross Unrealized Gains
    
Gross Unrealized Losses
    
 
Estimated
Fair Value
  
March 31, 2019
                                
U.S. Government sponsored entity securities
   $
16,677
     $
91
     $
(79
 )   $
16,689
  
Agency mortgage-backed securities, residential
    
94,310
      
389
      
(1,107
 )    
93,592
  
Total securities
   $
110,987
     $
480
     $
(1,186
 )   $
110,281
  
                                 
December 31, 201
8
                                
U.S. Government sponsored entity securities
   $
16,837
     $
8
     $
(215
 )   $
16,630
  
Agency mortgage-backed securities, residential
    
88,030
      
92
      
(2,588
 )    
85,534
  
Total securities
   $
104,867
     $
100
     $
(2,803
 )   $
102,164
  
 
 
Securities Held to Maturity
 
 
Amortized
Cost
    
Gross Unrecognized Gains
    
Gross Unrecognized Losses
    
 
Estimated
Fair Value
  
March 31, 2019
                                
Obligations of states and political subdivisions
   $
15,587
     $
546
     $
(12
 )   $
16,121
  
Agency mortgage-backed securities, residential
    
3
      
----
      
----
      
3
  
Total securities
   $
15,590
     $
546
     $
(12
 )   $
16,124
  
                                 
December 31, 201
8
                                
Obligations of states and political subdivisions
   $
15,813
     $
502
     $
(84
 )   $
16,231
  
Agency mortgage-backed securities, residential
    
3
      
----
      
----
      
3
  
Total securities
   $
15,816
     $
502
     $
(84
 )   $
16,234
  
 
The amortized cost and estimated fair value of debt securities at
March 31, 2019,
by contractual maturity, are shown below. Actual maturities
may
differ from contractual maturities because certain issuers
may
have the right to call or prepay the debt obligations prior to their contractual maturities. Securities
not
due at a single maturity are shown separately.
 
   
Available for Sale
    
Held to Maturity
  
 
Debt Securities:
  
Amortized
Cost
    
Estimated
Fair Value
    
Amortized
Cost
    
Estimated
Fair Value
  
                                 
Due in one year or less
   $
----
     $
----
     $
926
     $
927
  
Due in over one to five years
    
16,677
      
16,689
      
6,431
      
6,601
  
Due in over five to ten years
    
----
      
----
      
8,230
      
8,593
  
Due after ten years
    
----
      
----
      
----
      
----
  
Agency mortgage-backed securities, residential
    
94,310
      
93,592
      
3
      
3
  
Total debt securities
   $
110,987
     $
110,281
     $
15,590
     $
16,124
  
 
The following table summarizes securities with unrealized losses at
March 31, 2019
and
December 31, 2018,
aggregated by major security type and length of time in a continuous unrealized loss position:
 
March 31, 2019
  
Less Than 12 Months
    
12 Months or More
    
Total
  
   
Fair Value
    
Unrealized Loss
    
Fair Value
    
Unrealized Loss
    
Fair Value
    
Unrealized Loss
  
Securities Available for Sale
                                                
U.S. Government sponsored entity securities
   $
----
     $
----
     $
5,935
     $
(79
 )   $
5,935
     $
(79
 )
Agency mortgage-backed securities, residential
    
----
      
----
      
59,641
      
(1,107
 )    
59,641
      
(1,107
 )
Total available for sale
   $
----
     $
----
     $
65,576
     $
(1,186
 )   $
65,576
     $
(1,186
 )
 
   
Less Than 12 Months
    
12 Months or More
    
Total
  
   
Fair Value
    
Unrecognized Loss
    
Fair Value
    
Unrecognized Loss
    
Fair Value
    
Unrecognized Loss
  
Securities Held to Maturity
                                                
Obligations of states and political subdivisions
   $
----
     $
----
     $
1,380
     $
(12
 )   $
1,380
     $
(12
 )
Total held to maturity
   $
----
     $
----
     $
1,380
     $
(12
 )   $
1,380
     $
(12
 )
 
December 31, 201
8
  
Less Than 12 Months
    
12 Months or More
    
Total
  
   
Fair Value
    
Unrealized Loss
    
Fair Value
    
Unrealized Loss
    
Fair Value
    
Unrealized Loss
  
Securities Available for Sale
                                                
U.S. Government sponsored entity securities
   $
1,981
     $
(1
 )   $
8,679
     $
(214
 )   $
10,660
     $
(215
 )
Agency mortgage-backed securities, residential
    
8,564
      
(43
 )    
62,619
      
(2,545
 )    
71,183
      
(2,588
 )
Total available for sale
   $
10,545
     $
(44
 )   $
71,298
     $
(2,759
 )   $
81,843
     $
(2,803
 )
 
   
Less Than 12 Months
    
12 Months or More
    
Total
  
   
Fair Value
    
Unrecognized Loss
    
Fair Value
    
Unrecognized Loss
    
Fair Value
    
Unrecognized Loss
  
Securities Held to Maturity
                                                
Obligations of states and political subdivisions
   $
484
     $
(3
 )   $
1,312
     $
(81
 )   $
1,796
     $
(84
 )
Total held to maturity
   $
484
     $
(3
 )   $
1,312
     $
(81
 )   $
1,796
     $
(84
 )
 
There were
no
sales of investment securities during the
three
months ended
March 31, 2019
and
2018.
Unrealized losses on the Company’s debt securities have
not
been recognized into income because the issuers’ securities are of high credit quality as of
March 31, 2019,
and management does
not
intend to sell, and it is likely that management will
not
be required to sell, the securities prior to their anticipated recovery.  Management does
not
believe any individual unrealized loss at
March 31, 2019
and
December 31, 2018
represents an other-than-temporary impairment.