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Note 21 - Fair Value Measurements and Fair Values of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes Tables |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  | December 31, 201 9 |  |  |  |  |
|  | Quoted Prices |  |  | Other |  |  |  |  |  |  |  |  |
|  | in Active |  |  | Observable |  |  | Unobservable |  |  | Total |
|  | Markets |  |  | Inputs |  |  | Inputs |  |  | Fair |
(In Thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Value |
Recurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AVAILABLE-FOR-SALE DEBT SECURITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies |  | $ | 0 |  |  | $ | 17,000 |  |  | $ | 0 |  |  | $ | 17,000 |
Obligations of states and political subdivisions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax-exempt |  |  | 0 |  |  |  | 70,760 |  |  |  | 0 |  |  |  | 70,760 |
Taxable |  |  | 0 |  |  |  | 36,303 |  |  |  | 0 |  |  |  | 36,303 |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential pass-through securities |  |  | 0 |  |  |  | 59,210 |  |  |  | 0 |  |  |  | 59,210 |
Residential collateralized mortgage obligations |  |  | 0 |  |  |  | 114,723 |  |  |  | 0 |  |  |  | 114,723 |
Commercial mortgage-backed securities |  |  | 0 |  |  |  | 48,727 |  |  |  | 0 |  |  |  | 48,727 |
Total available-for-sale debt securities |  |  | 0 |  |  |  | 346,723 |  |  |  | 0 |  |  |  | 346,723 |
Marketable equity security |  |  | 979 |  |  |  | 0 |  |  |  | 0 |  |  |  | 979 |
Servicing rights |  |  | 0 |  |  |  | 0 |  |  |  | 1,277 |  |  |  | 1,277 |
Total recurring fair value measurements |  | $ | 979 |  |  | $ | 346,723 |  |  | $ | 1,277 |  |  | $ | 348,979 |
Nonrecurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans with a valuation allowance |  | $ | 0 |  |  | $ | 0 |  |  | $ | 3,375 |  |  | $ | 3,375 |
Valuation allowance |  |  | 0 |  |  |  | 0 |  |  |  | (1,051 | ) |  |  | (1,051 | )
Impaired loans, net |  |  | 0 |  |  |  | 0 |  |  |  | 2,324 |  |  |  | 2,324 |
Foreclosed assets held for sale |  |  | 0 |  |  |  | 0 |  |  |  | 2,886 |  |  |  | 2,886 |
Total nonrecurring fair value measurements |  | $ | 0 |  |  | $ | 0 |  |  | $ | 5,210 |  |  | $ | 5,210 |
|  |  |  |  |  | December 31, 201 8 |  |  |  |  |
|  | Quoted Prices |  |  | Other |  |  |  |  |  |  |  |  |
|  | in Active |  |  | Observable |  |  | Unobservable |  |  | Total |
|  | Markets |  |  | Inputs |  |  | Inputs |  |  | Fair |
(In Thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Value |
Recurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AVAILABLE-FOR-SALE DEBT SECURITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. Government agencies |  | $ | 0 |  |  | $ | 12,500 |  |  | $ | 0 |  |  | $ | 15,500 |
Obligations of states and political subdivisions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax-exempt |  |  | 0 |  |  |  | 83,952 |  |  |  | 0 |  |  |  | 83,952 |
Taxable |  |  | 0 |  |  |  | 27,699 |  |  |  | 0 |  |  |  | 27,699 |
Mortgage-backed securities issued or guaranteed by U.S. Government agencies or sponsored agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential pass-through securities |  |  | 0 |  |  |  | 53,445 |  |  |  | 0 |  |  |  | 53,445 |
Residential collateralized mortgage obligations |  |  | 0 |  |  |  | 145,912 |  |  |  | 0 |  |  |  | 145,912 |
Commercial mortgage-backed securities |  |  | 0 |  |  |  | 39,765 |  |  |  | 0 |  |  |  | 39,765 |
Total available-for-sale debt securities |  |  | 0 |  |  |  | 363,273 |  |  |  | 0 |  |  |  | 363,273 |
Marketable equity security |  |  | 950 |  |  |  | 0 |  |  |  | 0 |  |  |  | 950 |
Servicing rights |  |  | 0 |  |  |  | 0 |  |  |  | 1,404 |  |  |  | 1,404 |
Total recurring fair value measurements |  | $ | 950 |  |  | $ | 363,273 |  |  | $ | 1,404 |  |  | $ | 365,627 |
Nonrecurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans with a valuation allowance |  | $ | 0 |  |  | $ | 0 |  |  | $ | 4,851 |  |  | $ | 4,851 |
Valuation allowance |  |  | 0 |  |  |  | 0 |  |  |  | (1,605 | ) |  |  | (1,605 | )
Impaired loans, net |  |  | 0 |  |  |  | 0 |  |  |  | 3,246 |  |  |  | 3,246 |
Foreclosed assets held for sale |  |  | 0 |  |  |  | 0 |  |  |  | 1,703 |  |  |  | 1,703 |
Total nonrecurring fair value measurements |  | $ | 0 |  |  | $ | 0 |  |  | $ | 4,949 |  |  | $ | 4,949 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
(In Thousands) |  | Years Ended December 31, |
|  | 2019 |  |  | 2018 |
Balance, beginning of period |  | $ | 1,404 |  |  | $ | 1,299 |
Issuances of servicing rights |  |  | 204 |  |  |  | 188 |
Unrealized losses included in earnings |  |  | (331 | ) |  |  | (83 | )
Balance, end of period |  | $ | 1,277 |  |  | $ | 1,404 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] |
(In Thousands) | Valuation |  | December 31, 201 9 |  |  | December 31, 201 8 |
| Method(s) |  | Carrying |  |  | Fair |  |  | Carrying |  |  | Fair |
| Used |  | Amount |  |  | Value |  |  | Amount |  |  | Value |
Financial assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | Level 1 |  | $ | 31,122 |  |  | $ | 31,122 |  |  | $ | 32,827 |  |  | $ | 32,827 |
Certificates of deposit | Level 2 |  |  | 4,080 |  |  |  | 4,227 |  |  |  | 4,660 |  |  |  | 4,634 |
Restricted equity securities (included in Other Assets) | Level 2 |  |  | 10,321 |  |  |  | 10,321 |  |  |  | 5,712 |  |  |  | 5,712 |
Loans, net | Level 3 |  |  | 1,172,386 |  |  |  | 1,181,000 |  |  |  | 818,254 |  |  |  | 825,809 |
Accrued interest receivable | Level 2 |  |  | 5,001 |  |  |  | 5,001 |  |  |  | 3,968 |  |  |  | 3,968 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits with no stated maturity | Level 2 |  |  | 877,965 |  |  |  | 877,965 |  |  |  | 804,207 |  |  |  | 804,207 |
Time deposits | Level 2 |  |  | 374,695 |  |  |  | 376,738 |  |  |  | 229,565 |  |  |  | 229,751 |
Short-term borrowings | Level 2 |  |  | 86,220 |  |  |  | 86,166 |  |  |  | 12,853 |  |  |  | 12,617 |
Long-term borrowings | Level 2 |  |  | 52,127 |  |  |  | 52,040 |  |  |  | 35,915 |  |  |  | 35,902 |
Accrued interest payable | Level 2 |  |  | 311 |  |  |  | 311 |  |  |  | 142 |  |  |  | 142 |
Fair Value, Nonrecurring [Member] |
Notes Tables |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
(In Thousands, Except |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted- |
Percentages) |  |  |  |  |  | Valuation |  |  |  |  |  |  |  |  |  | Average |
|  | Balance at |  |  | Allowance at |  |  | Fair Value at |  | Valuation |  | Unobservable |  | Discount at |
|  | 12/31/19 |  |  | 12/31/19 |  |  | 12/31/19 |  | Technique |  | Inputs |  | 12/31/19 |
Asset |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans - first and junior liens |  | $ | 732 |  |  | $ | 176 |  |  | $ | 556 |  | Sales comparison |  | Discount to appraised value |  |  | 30 | %
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial |  |  | 106 |  |  |  | 89 |  |  |  | 17 |  | Sales comparison |  | Discount to appraised value |  |  | 69 | %
Commercial and industrial |  |  | 798 |  |  |  | 60 |  |  |  | 738 |  | Liquidation of accounts receivable |  | Discount to borrower's financial statement value |  |  | 15 | %
Commercial construction and land |  |  | 1,261 |  |  |  | 678 |  |  |  | 583 |  | Sales comparison |  | Discount to appraised value |  |  | 47 | %
Loans secured by farmland |  |  | 478 |  |  |  | 48 |  |  |  | 430 |  | Sales comparison |  | Discount to appraised value |  |  | 46 | %
Total impaired loans |  | $ | 3,375 |  |  | $ | 1,051 |  |  | $ | 2,324 |  |  |  |  |  |  |  |
Foreclosed assets held for sale - real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential (1-4 family) |  | $ | 292 |  |  | $ | 0 |  |  | $ | 292 |  | Sales comparison |  | Discount to appraised value |  |  | 46 | %
Land |  |  | 70 |  |  |  | 0 |  |  |  | 70 |  | Sales comparison |  | Discount to appraised value |  |  | 53 | %
Commercial real estate |  |  | 2,524 |  |  |  | 0 |  |  |  | 2,524 |  | Sales comparison |  | Discount to appraised value |  |  | 39 | %
Total foreclosed assets held for sale |  | $ | 2,886 |  |  | $ | 0 |  |  | $ | 2,886 |  |  |  |  |  |  |  |
(In Thousands, Except |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted- |
Percentages) |  |  |  |  |  | Valuation |  |  |  |  |  |  |  |  |  | Average |
|  | Balance at |  |  | Allowance at |  |  | Fair Value at |  | Valuation |  | Unobservable |  | Discount at |
|  | 12/31/18 |  |  | 12/31/18 |  |  | 12/31/18 |  | Technique |  | Inputs |  | 12/31/18 |
Asset |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans - first liens |  | $ | 509 |  |  | $ | 116 |  |  | $ | 393 |  | Sales comparison |  | Discount to appraised value |  |  | 26 | %
Commercial: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans secured by real estate |  |  | 2,515 |  |  |  | 781 |  |  |  | 1,734 |  | Sales comparison |  | Discount to appraised value |  |  | 16 | %
Commercial and industrial |  |  | 75 |  |  |  | 75 |  |  |  | 0 |  | Sales comparison |  | Discount to appraised value |  |  | 100 | %
Commercial and industrial |  |  | 1,265 |  |  |  | 584 |  |  |  | 681 |  | Sales comparison |  | Discount to borrower's financial statement value |  |  | 36 | %
Loans secured by farmland |  |  | 487 |  |  |  | 49 |  |  |  | 438 |  | Sales comparison |  | Discount to appraised value |  |  | 56 | %
Total impaired loans |  | $ | 4,851 |  |  | $ | 1,605 |  |  | $ | 3,246 |  |  |  |  |  |  |  |
Foreclosed assets held for sale - real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential (1-4 family) |  | $ | 64 |  |  | $ | 0 |  |  | $ | 64 |  | Sales comparison |  | Discount to appraised value |  |  | 68 | %
Land |  |  | 110 |  |  |  | 0 |  |  |  | 110 |  | Sales comparison |  | Discount to appraised value |  |  | 61 | %
Commercial real estate |  |  | 1,529 |  |  |  | 0 |  |  |  | 1,529 |  | Sales comparison |  | Discount to appraised value |  |  | 20 | %
Total foreclosed assets held for sale |  | $ | 1,703 |  |  | $ | 0 |  |  | $ | 1,703 |  |  |  |  |  |  |  |
Fair Value, Recurring [Member] |
Notes Tables |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
|  | Fair Value at |  |  |  |  |  |  |  |  |  |
|  | 12/31/1 9 |  | Valuation |  | Unobservable |  | Method or Value As of
Asset |  | (In Thousands) |  | Technique |  | Input(s) |  | 12/31/1 9
Servicing rights |  | $ | 1,277 |  | Discounted cash flow |  | Discount rate |  |  | 12.50 | % |  | Rate used through modeling period
|  |  |  |  |  |  | Loan prepayment speeds |  |  | 183.00 | % |  | Weighted-average PSA
|  |  |  |  |  |  | Servicing fees |  |  | 0.25 | % |  | of loan balances
|  |  |  |  |  |  |  |  |  | 4.00 | % |  | of payments are late
|  |  |  |  |  |  |  |  |  | 5.00 | % |  | late fees assessed
|  |  |  |  |  |  |  |  | $ | 1.94 |  |  | Miscellaneous fees per account per month
|  |  |  |  |  |  | Servicing costs |  | $ | 6.00 |  |  | Monthly servicing cost per account
|  |  |  |  |  |  |  |  | $ | 24.00 |  |  | Additional monthly servicing cost per loan on loans more than 30 days delinquent
|  |  |  |  |  |  |  |  |  | 1.50 | % |  | of loans more than 30 days delinquent
|  |  |  |  |  |  |  |  |  | 3.00 | % |  | annual increase in servicing costs
|  | Fair Value at |  |  |  |  |  |  |  |  |  |
|  | 12/31/1 8 |  | Valuation |  | Unobservable |  | Method or Value As of
Asset |  | (In Thousands) |  | Technique |  | Input(s) |  | 12/31/1 8
Servicing rights |  | $ | 1,404 |  | Discounted cash flow |  | Discount rate |  |  | 12.50 | % |  | Rate used through modeling period
|  |  |  |  |  |  | Loan prepayment speeds |  |  | 114.00 | % |  | Weighted-average PSA
|  |  |  |  |  |  | Servicing fees |  |  | 0.25 | % |  | of loan balances
|  |  |  |  |  |  |  |  |  | 4.00 | % |  | of payments are late
|  |  |  |  |  |  |  |  |  | 5.00 | % |  | late fees assessed
|  |  |  |  |  |  |  |  | $ | 1.94 |  |  | Miscellaneous fees per account per month
|  |  |  |  |  |  | Servicing costs |  | $ | 6.00 |  |  | Monthly servicing cost per account
|  |  |  |  |  |  |  |  | $ | 24.00 |  |  | Additional monthly servicing cost per loan on loans more than 30 days delinquent
|  |  |  |  |  |  |  |  |  | 1.50 | % |  | of loans more than 30 days delinquent
|  |  |  |  |  |  |  |  |  | 3.00 | % |  | annual increase in servicing costs

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- 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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