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Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

						March 31, 2019
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	7,182			$	-			$	7,182
Obligations of states and political subdivisions			-				70,735				-				70,735
Mortgage-backed securities in government-sponsored entities			-				20,197				-				20,197
Total debt securities			-				98,114				-				98,114
Equity securities in financial institutions			674				-				-				674
Total		$	674			$	98,114			$	-			$	98,788

						December 31, 2018
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	7,471			$	-			$	7,471
Obligations of states and political subdivisions			-				73,093				-				73,093
Mortgage-backed securities in government-sponsored entities			-				17,758				-				17,758
Total debt securities			-				98,322				-				98,322
Equity securities in financial institutions			616				-				-				616
Total		$	616			$	98,322			$	-			$	98,938

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

						March 31, 2019
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	4,604			$	4,604

						December 31, 2018
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	1,075			$	1,075

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

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

March 31, 2019

Impaired loans

$

4,604

Appraisal of collateral (1)

Appraisal adjustments (2)

0%

to

27.8%

(2.3%)

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

December 31, 2018

Impaired loans

$

1,075

Appraisal of collateral (1)

Appraisal adjustments (2)

0%

to

100.0%

(40.6%)

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

		March 31, 2019
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	121,045			$	121,045			$	-			$	-			$	121,045
Loans held for sale			1,230				-				1,230				-				1,230
Net loans			997,278				-				-				993,098				993,098
Bank-owned life insurance			16,185				16,185				-				-				16,185
Federal Home Loan Bank stock			3,679				3,679				-				-				3,679
Accrued interest receivable			3,833				3,833				-				-				3,833
Financial liabilities:
Deposits		$	1,040,231			$	664,874			$	-			$	375,132			$	1,040,006
Short-term borrowings			91,000				91,000				-				-				91,000
Other borrowings			11,518				-				-				11,550				11,550
Accrued interest payable			936				936				-				-				936

		December 31, 2018
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	107,933			$	107,933			$	-			$	-			$	107,933
Loans held for sale			597				-				597				-				597
Net loans			984,681				-				-				973,124				973,124
Bank-owned life insurance			16,080				16,080				-				-				16,080
Federal Home Loan Bank stock			3,679				3,679				-				-				3,679
Accrued interest receivable			3,633				3,633				-				-				3,633
Financial liabilities:
Deposits		$	1,016,067			$	715,153			$	-			$	298,891			$	1,014,044
Short-term borrowings			90,398				90,398				-				-				90,398
Other borrowings			8,803				-				-				8,827				8,827
Accrued interest payable			744				744				-				-				744

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-Section 50
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