Note 5 - Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	September 30, 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	$	76,027			76,027			76,027							44,399			44,399			44,399
Securities available for sale		118,564			118,564					118,564					107,592			107,592					107,592
Equity securities		127			127					127					167			167					167
Loans held for sale		7,225			7,225					7,225					3,606			3,606					3,606
Loans receivable, net		670,297			674,804					674,804					596,392			600,863					600,863
Federal Home Loan Bank stock		932			932					932					854			854					854
Accrued interest receivable		4,236			4,236					4,236					2,251			2,251					2,251
Financial liabilities:
Deposits		787,023			787,975					787,975					673,870			673,945					673,945
Accrued interest payable		225			225					225					420			420					420
Off-balance sheet financial instruments:
Commitments to extend credit		266			266								191,522		14			14								178,804
Commitments to sell loans		(102	)		(102	)							48,199		(16	)		(16	)							10,098