Note 5 - Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	March 31, 2020													December 31, 2019
							Fair value hierarchy										Fair value hierarchy
(Dollars in thousands)	Carrying amount			Estimated fair value			Level 1		Level 2		Level 3	Contract amount		Carrying amount			Estimated fair value			Level 1		Level 2		Level 3	Contract amount
Financial assets:
Cash and cash equivalents	$	35,744			35,744			35,744							44,399			44,399			44,399
Securities available for sale		100,939			100,939					100,939					107,592			107,592					107,592
Equity securities		110			110					110					167			167					167
Loans held for sale		4,884			4,884					4,884					3,606			3,606					3,606
Loans receivable, net		617,645			631,431					631,431					596,392			600,863					600,863
Federal Home Loan Bank stock		932			932					932					854			854					854
Accrued interest receivable		2,236			2,236					2,236					2,251			2,251					2,251
Financial liabilities:
Deposits		677,519			678,952					678,952					673,870			673,945					673,945
Accrued interest payable		344			344					344					420			420					420
Off-balance sheet finacial instruments:
Commitments to extend credit		522			522								210,676		14			14								178,804
Commitments to sell loans		(81	)		(81	)							66,668		(16	)		(16	)							10,098