Note 12 - Funds Restrictions and Reserve Balance	12 Months Ended
Dec. 31, 2020
Notes to Financial Statements
Funds Restrictions and Reserve Balance [Text Block]	*Note 12.* Funds Restrictions and Reserve Balance** Transfers of funds from the banking subsidiary to the parent company in the form of loans, advances, and cash dividends are restricted by federal and state regulatory authorities. At December 31, 2020, the aggregate amount of unrestricted funds which could be transferred from the banking subsidiary to the parent company, without prior regulatory approval, totaled $14.1 million. The amount of unrestricted funds is generally determined by subtracting the total dividend payments of the Bank from the Bank’s net income for that year, combined with the Bank’s retained net income for the preceding two years. The Bank is typically required to maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act. At December 31, 2020, there was no minimum reserve requirement as a result of a rule adopted by the Federal Reserve in March 2020 eliminating the reserve requirement. For the final weekly reporting period in the year ended December 31, 2019, the aggregate amount of daily average required balances was approximately $8.3 million.

Note 12 - Funds Restrictions and Reserve Balance

12 Months Ended

Dec. 31, 2020

Funds Restrictions and Reserve Balance [Text Block]

Note 12. Funds Restrictions and Reserve Balance

Transfers of funds from the banking subsidiary to the parent company in the form of loans, advances, and cash dividends are restricted by federal and state regulatory authorities. At December 31, 2020, the aggregate amount of unrestricted funds which could be transferred from the banking subsidiary to the parent company, without prior regulatory approval, totaled $14.1 million. The amount of unrestricted funds is generally determined by subtracting the total dividend payments of the Bank from the Bank’s net income for that year, combined with the Bank’s retained net income for the preceding two years.

The Bank is typically required to maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act. At December 31, 2020, there was no minimum reserve requirement as a result of a rule adopted by the Federal Reserve in March 2020 eliminating the reserve requirement. For the final weekly reporting period in the year ended December 31, 2019, the aggregate amount of daily average required balances was approximately $8.3 million.