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Note 21 - Fair Value Measurements and Fair Values of Financial Instruments (Tables)

12 Months Ended

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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