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Note 5 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

						March 31, 2020
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
Subordinated debt		$	-			$	4,221			$	-			$	4,221
Obligations of states and political subdivisions			-				81,256				-				81,256
Mortgage-backed securities in government-sponsored entities			-				17,482				-				17,482
Total debt securities			-				102,959				-				102,959
Equity securities in financial institutions			550				-				-				550
Total		$	550			$	102,959			$	-			$	103,509

						December 31, 2019
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
Subordinated debt		$	-			$	4,126			$	-			$	4,126
Obligations of states and political subdivisions			-				82,977				-				82,977
Mortgage-backed securities in government-sponsored entities			-				18,630				-				18,630
Total debt securities			-				105,733				-				105,733
Equity securities in financial institutions			710				-				-				710
Total		$	710			$	105,733			$	-			$	106,443

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

						March 31, 2020
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	4,566			$	4,566

						December 31, 2019
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	5,166			$	5,166

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

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Range (Weighted

Fair Value Estimate

Valuation Techniques

Unobservable Input

Average)

March 31, 2020

Impaired loans

$

4,566

Appraisal of collateral (1)

Appraisal adjustments (2)

35.4%

to

49.5%

(36.2%)

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Range (Weighted

Fair Value Estimate

Valuation Techniques

Unobservable Input

Average)

December 31, 2019

Impaired loans

$

5,166

Appraisal of collateral (1)

Appraisal adjustments (2)

40.3%

to

47.4%

(41.8%)

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

		March 31, 2020
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	55,333			$	55,333			$	-			$	-			$	55,333
Loans held for sale			513				-				513				-				513
Net loans			988,756				-				-				983,780				983,780
Bank-owned life insurance			16,618				16,618				-				-				16,618
Federal Home Loan Bank stock			5,448				5,448				-				-				5,448
Accrued interest receivable			3,666				3,666				-				-				3,666
Financial liabilities:
Deposits		$	1,003,710			$	663,580			$	-			$	346,386			$	1,009,966
Short-term borrowings			60,000				60,000				-				-				60,000
Other borrowings			12,662				-				-				12,706				12,706
Accrued interest payable			980				980				-				-				980

		December 31, 2019
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	35,113			$	35,113			$	-			$	-			$	35,113
Loans held for sale			1,220				-				1,220				-				1,220
Net loans			977,490				-				-				974,213				974,213
Bank-owned life insurance			16,511				16,511				-				-				16,511
Federal Home Loan Bank stock			3,848				3,848				-				-				3,848
Accrued interest receivable			3,471				3,471				-				-				3,471
Financial liabilities:
Deposits		$	1,020,843			$	652,043			$	-			$	371,193			$	1,023,236
Short-term borrowings			5,075				5,075				-				-				5,075
Other borrowings			12,750				-				-				12,783				12,783
Accrued interest payable			917				917				-				-				917

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-Section 50
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