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Note 5 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

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

						September 30, 2019
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	1,999			$	-			$	1,999
Subordinated debt			-				4,150				-				4,150
Obligations of states and political subdivisions			-				79,641				-				79,641
Mortgage-backed securities in government-sponsored entities			-				19,251				-				19,251
Total debt securities			-				105,041				-				105,041
Equity securities in financial institutions			628				-				-				628
Total		$	628			$	105,041			$	-			$	105,669

						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]

						September 30, 2019
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	5,058			$	5,058

						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)

September 30, 2019

Impaired loans

$

5,058

Appraisal of collateral (1)

Appraisal adjustments (2)

40.3%

to

55.6%

(54.4%)

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]

		September 30, 2019
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	120,025			$	120,025			$	-			$	-			$	120,025
Loans held for sale			791				-				791				-				791
Net loans			992,281				-				-				988,336				988,336
Bank-owned life insurance			16,403				16,403				-				-				16,403
Federal Home Loan Bank stock			3,848				3,848				-				-				3,848
Accrued interest receivable			3,684				3,684				-				-				3,684
Financial liabilities:
Deposits		$	1,034,413			$	643,692			$	-			$	393,068			$	1,036,760
Short-term borrowings			92,000				92,000				-				-				92,000
Other borrowings			12,359				-				-				12,405				12,405
Accrued interest payable			1,020				1,020				-				-				1,020

		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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