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Note 13 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		March 31, 2021
		Total				Fair Value Measurements Using
(Amounts in thousands)		Fair Value				Level 1				Level 2				Level 3
Available-for-sale debt securities
U.S. Agency securities		$	530			$	-			$	530			$	-
Municipal securities			40,495				-				40,495				-
Mortgage-backed Agency securities			46,618				-				46,618				-
Total available-for-sale debt securities			87,643				-				87,643				-
Equity securities			55				-				55				-
Fair value loans			14,265				-				-				14,265
Deferred compensation assets			4,634				4,634				-				-
Deferred compensation liabilities			4,634				4,634				-				-
Derivative liabilities			1,035				-				1,035				-

		December 31, 2020
		Total				Fair Value Measurements Using
(Amounts in thousands)		Fair Value				Level 1				Level 2				Level 3
Available-for-sale debt securities
U.S. Agency securities		$	551			$	-			$	551			$	-
Municipal securities			44,459				-				44,459				-
Mortgage-backed Agency securities			38,348				-				38,348				-
Total available-for-sale debt securities			83,358				-				83,358				-
Equity securities			55				-				55				-
Fair value loans			17,831				-				-				17,831
Deferred compensation assets			4,181				4,181				-				-
Deferred compensation liabilities			4,181				4,181				-				-
Derivative liabilities			1,131				-				1,131				-

Fair Value Measurements, Nonrecurring [Table Text Block]

		March 31, 2021
		Total				Fair Value Measurements Using
		Fair Value				Level 1				Level 2				Level 3
(Amounts in thousands)
Collateral dependent assets with specific reserves		$	3,296			$	-			$	-			$	3,296
OREO		$	1,740			$	-			$	-			$	1,740

		December 31, 2020
		Total				Fair Value Measurements Using
		Fair Value				Level 1				Level 2				Level 3
(Amounts in thousands)
Impaired loans, Pre-ASU 2016-13		$	979			$	-			$	-			$	979
OREO			2,083				-				-				2,083

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

	Valuation		Unobservable		(Weighted Average)
	Technique		Input		March 31, 2021
Collateral dependent assets with specific reserves	Discounted appraisals(1)		Appraisal adjustments(2)			0% to 53%(3%)
OREO	Discounted appraisals(1)		Appraisal adjustments(2)			0% to 77%(29%)

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

		March 31, 2021
		Carrying								Fair Value Measurements Using
(Amounts in thousands)		Amount				Fair Value				Level 1				Level 2				Level 3
Assets
Cash and cash equivalents		$	628,745			$	628,745			$	628,745			$	-			$	-
Debt securities available for sale			87,643				87,643				-				87,643				-
Equity securities			55				55				-				55				-
Loans held for investment, net of allowance			2,146,640				2,095,680				-				-				2,095,680
FDIC indemnification asset			946				394				-				-				394
Interest receivable			8,724				8,724				-				8,724				-
Deferred compensation assets			4,634				4,634				4,634				-				-
Liabilities
Time deposits			404,399				404,939				-				404,939				-
Securities sold under agreements to repurchase			1,519				1,519				-				1,519				-
Interest payable			414				414				-				414				-
Derivative financial liabilities			1,035				1,035				-				1,035				-
Deferred compensation liabilities			4,634				4,634				4,634				-				-

		December 31, 2020
		Carrying								Fair Value Measurements Using
(Amounts in thousands)		Amount				Fair Value				Level 1				Level 2				Level 3
Assets
Cash and cash equivalents		$	456,561			$	456,561			$	456,561			$	-			$	-
Debt securities available for sale			83,358				83,358				-				83,358				-
Equity securities			55				55				-				55				-
Loans held for sale			-				-				-				-				-
Loans held for investment, net of allowance			2,160,450				2,126,221				-				-				2,126,221
FDIC indemnification asset			1,223				509				-				-				509
Interest receivable			9,052				9,052				-				9,052				-
Deferred compensation assets			4,181				4,181				4,181				-				-
Liabilities
Time deposits			420,619				423,120				-				423,120				-
Securities sold under agreements to repurchase			964				964				-				964				-
Interest payable			582				582				-				582				-
Derivative liabilities			4,181				4,181				4,181				-				-
Deferred compensation liabilities			1,131				1,131				-				1,131				-

X

- Definition

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