XML 34 R23.htm IDEA: XBRL DOCUMENT v3.20.2

Note 5 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

						September 30, 2020
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
Subordinated debt		$	-			$	16,598			$	-			$	16,598
Obligations of states and political subdivisions			-				81,303				-				81,303
Mortgage-backed securities in government-sponsored entities			-				15,067				-				15,067
Total debt securities			-				112,968				-				112,968
Equity securities in financial institutions			553				-				-				553
Total		$	553			$	112,968			$	-			$	113,521

						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]

						September 30, 2020
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	4,126			$	4,126
Other real estate owned			-				-				6,992				6,992

						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)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

September 30, 2020

Impaired loans

$

4,126

Appraisal of collateral (1)

Appraisal adjustments (2)

18.6%

to

46.2%

(23.1%)

Other real estate owned

$

6,992

Appraisal of collateral (1)

Appraisal adjustments (2)

19.9%

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted 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]

		September 30, 2020
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	52,981			$	52,981			$	-			$	-			$	52,981
Loans held for sale			10,457				-				10,457				-				10,457
Net loans			1,113,037				-				-				1,113,962				1,113,962
Bank-owned life insurance			16,832				16,832				-				-				16,832
Federal Home Loan Bank stock			5,207				5,207				-				-				5,207
Accrued interest receivable			5,998				5,998				-				-				5,998
Financial liabilities:
Deposits		$	1,193,963			$	864,550			$	-			$	334,172			$	1,198,722
Short-term borrowings			-				-				-				-				-
Other borrowings			17,100				-				-				13,149				13,149
Accrued interest payable			788				788				-				-				788

		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

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ 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 (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ 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 (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ 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 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: 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

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration