Note 2 - Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

	Fair Value Measurements at March 31, 2020 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government sponsored entity securities		----	$	16,016			----
Agency mortgage-backed securities, residential		----		96,175			----
Interest rate swap derivatives		----		985			----
Interest rate swap derivatives		----		(985	)		----

	Fair Value Measurements at December 31, 2019 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government sponsored entity securities		----	$	16,736			----
Agency mortgage-backed securities, residential		----		88,582			----
Interest rate swap derivatives		----		465			----
Interest rate swap derivatives		----		(465	)		----

	Fair Value Measurements at March 31, 2020, Using
Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans:
Commercial real estate:
Owner-occupied		----		----	$	459
Commercial and Industrial		----		----		777

	Fair Value Measurements at December 31, 2019, Using
Assets:	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans:
Commercial real estate:
Owner-occupied		----		----	$	1,644
Commercial and Industrial		----		----		4,559

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

March 31, 2020	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range			(Weighted Average)
Impaired loans:
Commercial real estate:
Owner-occupied	$	459	Sales approach	Adjustment to comparables	10%	to	50%	27.8%
Commercial and industrial		777	Sales approach	Adjustment to comparables	24%	to	50%	28.9%

March 31, 2020	Fair Value		Valuation Technique(s)	Unobservable Input(s)	Range			(Weighted Average)
Impaired loans:
Commercial real estate:
Owner-occupied	$	1,644	Sales approach	Adjustment to comparables	0%	to	20%	9.7%
Commercial and industrial		4,559	Sales approach	Adjustment to comparables	0%	to	61%	10.3%

Fair Value, by Balance Sheet Grouping [Table Text Block]

			Fair Value Measurements at March 31, 2020 Using:
	Carrying Value		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	66,671	$	66,671	$	----	$	----	$	66,671
Certificates of deposit in financial institutions		2,360		----		2,360		----		2,360
Securities available for sale		112,191		----		112,191		----		112,191
Securities held to maturity		11,808		----		6,420		5,695		12,115
Loans, net		766,357		----		----		761,147		761,147
Interest rate swap derivatives		985		----		985		----		985
Accrued interest receivable		2,650		----		385		2,265		2,650
Financial liabilities:
Deposits		845,879		213,262		635,176		----		848,438
Other borrowed funds		32,459		----		33,792		----		33,792
Subordinated debentures		8,500		----		5,979		----		5,979
Interest rate swap derivatives		985		----		985		----		985
Accrued interest payable		1,565		1		1,564		----		1,565

			Fair Value Measurements at December 31, 2019 Using:
	Carrying Value		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash and cash equivalents	$	52,356	$	52,356	$	----	$	----	$	52,356
Certificates of deposit in financial institutions		2,360		----		2,360		----		2,360
Securities available for sale		105,318		----		105,318		----		105,318
Securities held to maturity		12,033		----		6,446		5,958		12,404
Loans, net		766,502		----		----		771,285		771,285
Interest rate swap derivatives		465		----		465		----		465
Accrued interest receivable		2,564		----		315		2,249		2,564
Financial liabilities:
Deposits		821,471		222,607		599,937		----		822,544
Other borrowed funds		33,991		----		34,345		----		34,345
Subordinated debentures		8,500		----		6,275		----		6,275
Interest rate swap derivatives		465		----		465		----		465
Accrued interest payable		1,589		3		1,586		----		1,589