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Note 12 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Notes Tables

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

						Fair Value Measurements at September 30, 2019
Description		Balance as of September 30, 2019				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Securities available for sale
U.S. agency and mortgage-backed securities		$	87,932			$	—			$	87,932			$	—
Obligations of states and political subdivisions			26,636				—				26,636				—
		$	114,568			$	—			$	114,568			$	—

						Fair Value Measurements at December 31, 2018
Description		Balance as of December 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Securities available for sale
U.S. agency and mortgage-backed securities		$	84,922			$	—			$	84,922			$	—
Obligations of states and political subdivisions			14,935				—				14,935				—
		$	99,857			$	—			$	99,857			$	—

Fair Value Measurements, Nonrecurring [Table Text Block]

						Fair Value Measurements at September 30, 2019
Description		Balance as of September 30, 2019				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans, net		$	476			$	—			$	—			$	476

						Fair Value Measurements at December 31, 2018
Description		Balance as of December 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans, net		$	391			$	—			$	—			$	391

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

Quantitative information about Level 3 Fair Value Measurements for September 30, 2019

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average)

Impaired loans, net

$

476

Property appraisals

Selling cost

10

%

Quantitative information about Level 3 Fair Value Measurements for December 31, 2018

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average)

Impaired loans, net

$

391

Property appraisals

Selling cost

10

%

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

						Fair Value Measurements at September 30, 2019 Using
		Carrying Amount				Quoted Prices in Active Markets for Identical Assets Level 1				Significant Other Observable Inputs Level 2				Significant Unobservable Inputs Level 3				Fair Value
Financial Assets
Cash and short-term investments		$	30,373			$	30,373			$	—			$	—			$	30,373
Securities available for sale			114,568				—				114,568				—				114,568
Securities held to maturity			18,222				—				16,739				1,520				18,259
Restricted securities			1,806				—				1,806				—				1,806
Loans held for sale			1,098				—				1,098				—				1,098
Loans, net			566,341				—				—				573,697				573,697
Bank owned life insurance			17,324				—				17,324				—				17,324
Accrued interest receivable			2,053				—				2,053				—				2,053
Financial Liabilities
Deposits		$	685,621			$	—			$	565,844			$	118,956			$	684,800
Subordinated debt			4,978				—				—				5,335				5,335
Junior subordinated debt			9,279				—				—				9,391				9,391
Accrued interest payable			184				—				184				—				184

						Fair Value Measurements at December 31, 2018 Using
		Carrying Amount				Quoted Prices in Active Markets for Identical Assets Level 1				Significant Other Observable Inputs Level 2				Significant Unobservable Inputs Level 3				Fair Value
Financial Assets
Cash and short-term investments		$	28,618			$	28,618			$	—			$	—			$	28,618
Securities available for sale			99,857				—				99,857				—				99,857
Securities held to maturity			43,408				—				40,885				1,509				42,394
Restricted securities			1,688				—				1,688				—				1,688
Loans held for sale			419				—				419				—				419
Loans, net			537,847				—				—				528,643				528,643
Bank owned life insurance			13,991				—				13,991				—				13,991
Accrued interest receivable			2,113				—				2,113				—				2,113
Financial Liabilities
Deposits		$	670,566			$	—			$	551,347			$	117,220			$	668,567
Subordinated debt			4,965				—				—				5,035				5,035
Junior subordinated debt			9,279				—				—				7,952				7,952
Accrued interest payable			139				—				139				—				139

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- 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.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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