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Note 17 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

(dollars in thousands)		Fair Value Measurements Using:
September 30, 2020		Level 1				Level 2				Level 3				Total
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities		$	—			$	1,288			$	—			$	1,288
SBA agency securities			—				4,515				—				4,515
Mortgage-backed securities			—				17,818				—				17,818
Collateralized mortgage obligations			—				46,336				—				46,336
Commercial paper			—				109,188				—				109,188
Corporate debt securities			—				33,930				—				33,930
Municipal securities			—				1,587				—				1,587
		$	—			$	214,662			$	—			$	214,662
On a non-recurring basis:
Other real estate owned			—				—				293				293
		$	—			$	—			$	293			$	293

December 31, 2019		Level 1				Level 2				Level 3				Total
Assets measured at fair value:
On a recurring basis:
Securities available for sale
Government agency securities		$	—			$	1,572			$	—			$	1,572
SBA agency securities			—				4,691				—				4,691
Mortgage-backed securities			—				19,171				—				19,171
Collateralized mortgage obligations			—				11,654				—				11,654
Commercial paper			—				69,898				—				69,898
Corporate debt securities			—				19,083				—				19,083
		$	—			$	126,069			$	—			$	126,069
On a non-recurring basis:
Other real estate owned		$	—			$	—			$	293			$	293

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

(dollars in thousands)		Fair Value			Valuation		Unobservable		Adjustment
September 30, 2020		Amount			Technique		Input		Range
Other real estate owned		$	293		Third Party Appraisals		Management Adjustments to Reflect Current Conditions and Selling Costs		5% - 6%
December 31, 2019
Other real estate owned		$	293		Third Party Appraisals		Management Adjustments to Reflect Current Conditions and Selling Costs		5% - 6%

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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