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Note 19 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

						Fair Value Measurements at December 31, 2020
Description		Balance as of December 31, 2020				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Securities available for sale
U.S. agency and mortgage-backed securities		$	101,598			$	—			$	101,598			$	—
Obligations of states and political subdivisions			38,627				—				38,627				—
Total securities available for sale		$	140,225			$	—			$	140,225			$	—
Derivatives - cash flow hedges			431				—				431				—
Total assets		$	140,656			$	—			$	140,656			$	—

						Fair Value Measurements at December 31, 2019
Description		Balance as of December 31, 2019				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Securities available for sale
U.S. agency and mortgage-backed securities		$	94,905			$	—			$	94,905			$	—
Obligations of states and political subdivisions			26,078				—				26,078				—
Total assets		$	120,983			$	—			$	120,983			$	—

Fair Value Measurements, Nonrecurring [Table Text Block]

						Fair Value Measurements at December 31, 2020
Description		Balance as of December 31, 2020				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans, net		$	3,595			$	—			$	—			$	3,595

						Fair Value Measurements at December 31, 2019
Description		Balance as of December 31, 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		$	406			$	—			$	—			$	406

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

		Quantitative information about Level 3 Fair Value Measurements for December 31, 2020
		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average) (1)
Impaired loans, net		$	2,205		Property appraisals		Selling cost			10.00	%
Impaired loans, net			1,390		Present value of cash flows		Discount rate			6.50	%

		Quantitative information about Level 3 Fair Value Measurements for December 31, 2019
		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average) (1)
Impaired loans, net		$	406		Property appraisals		Selling cost			10.00	%

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

						Fair Value Measurements at December 31, 2020 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		$	127,297			$	127,297			$	—			$	—			$	127,297
Securities available for sale			140,225				—				140,225				—				140,225
Securities held to maturity			14,234				—				13,138				1,605				14,743
Restricted securities			1,875				—				1,875				—				1,875
Loans held for sale			245				—				245				—				245
Loans, net			622,429				—				—				633,638				633,638
Bank owned life insurance			17,916				—				17,916				—				17,916
Accrued interest receivable			2,717				—				2,717				—				2,717
Derivatives - cash flow hedges			431				—				431				—				431
Financial Liabilities
Deposits		$	842,461			$	—			$	742,264			$	101,154			$	843,418
Subordinated debt			9,991				—				—				10,304				10,304
Junior subordinated debt			9,279				—				—				10,364				10,364
Accrued interest payable			134				—				134				—				134

						Fair Value Measurements at December 31, 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		$	45,785			$	45,785			$	—			$	—			$	45,785
Securities available for sale			120,983				—				120,983				—				120,983
Securities held to maturity			17,627				—				16,134				1,512				17,646
Restricted securities			1,806				—				1,806				—				1,806
Loans held for sale			167				—				167				—				167
Loans, net			569,412				—				—				572,910				572,910
Bank owned life insurance			17,447				—				17,447				—				17,447
Accrued interest receivable			2,065				—				2,065				—				2,065
Financial Liabilities
Deposits		$	706,442			$	—			$	588,878			$	117,071			$	705,949
Subordinated debt			4,983				—				—				5,023				5,023
Junior subordinated debt			9,279				—				—				9,724				9,724
Accrued interest payable			184				—				184				—				184

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- Definition

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