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Note 6 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

		Quoted Prices
		In Active				Significant
		Markets for				Other				Significant
		Identical				Observable				Unobservable				Balance
(Dollars in thousands)		Assets				Inputs				Inputs				at Date
		(Level 1)				(Level 2)				(Level 3)				Indicated
Equity Securities Held at Fair Value - September 30, 2020
Equity securities		$	1,187			$	-			$	1,480			$	2,667
Investment Securities, Available for Sale - September 30, 2020
U. S. Government and federal agency		$	-			$	2,061			$	-			$	2,061
U. S. Treasury notes and bonds			-				2,065				-				2,065
State and municipal			-				258,237				10,313				268,550
Mortgage-backed			-				116,773				-				116,773
Corporate			-				2,889				-				2,889
Trust preferred securities			-				-				1,000				1,000
Total		$	-			$	382,025			$	11,313			$	393,338
Interest Rate Lock Commitments - September 30, 2020
Interest rate lock commitments		$	-			$	-			$	1,756			$	1,756
Equity Securities Held at Fair Value - December 31, 2019
Equity securities		$	1,379			$	-			$	1,472			$	2,851
Investment Securities, Available for Sale - December 31, 2019
U. S. Government and federal agency		$	-			$	17,215			$	-			$	17,215
U. S. Treasury notes and bonds			-				2,008				-				2,008
State and municipal			-				162,557				11,367				173,924
Mortgage-backed			-				142,760				-				142,760
Corporate			-				2,672				-				2,672
Trust preferred securities			-				-				1,000				1,000
Total		$	-			$	327,212			$	12,367			$	339,579
Interest Rate Lock Commitments - December 31, 2019
Interest rate lock commitments		$	-			$	-			$	68			$	68

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Nine Months Ended
(Dollars in thousands)		September 30,
		2020				2019
Equity Securities Held at Fair Value
Balance, January 1		$	1,472			$	886
Total realized and unrealized gains included in noninterest income			8				114
Net purchases, sales, calls, and maturities			-				-
Net transfers into Level 3			-				-
Balance, September 30		$	1,480			$	1,000
Investment Securities, Available for Sale
Balance, January 1		$	12,367			$	8,498
Total unrealized gains included in other comprehensive income			452				350
Net purchases, sales, calls, and maturities			(1,506	)			1,429
Net transfers into Level 3			-				-
Balance, September 30		$	11,313			$	10,277

Fair Value Measurements, Nonrecurring [Table Text Block]

						Quoted Prices
						In Active				Significant
						Markets for				Other				Significant
		Balances at				Identical				Observable				Unobservable
(Dollars in thousands)		Dates				Assets				Inputs				Inputs
		Indicated				(Level 1)				(Level 2)				(Level 3)
Impaired Loans
September 30, 2020		$	5,089			$	-			$	-			$	5,089
December 31, 2019		$	5,922			$	-			$	-			$	5,922
Other Real Estate
September 30, 2020		$	676			$	-			$	-			$	676
December 31, 2019		$	929			$	-			$	-			$	929

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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