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Note 12 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Notes Tables

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

						Fair Value Measurements at March 31, 2021
Description		Balance as of March 31, 2021				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		$	109,339			$	—			$	109,339			$	—
Obligations of states and political subdivisions			50,403				—				50,403				—
Total securities available for sale		$	159,742			$	—			$	159,742			$	—
Derivatives - cash flow hedges			1,365				—				1,365				—
Total assets		$	161,107			$	—			$	161,107			$	—

						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, Nonrecurring [Table Text Block]

						Fair Value Measurements at March 31, 2021
Description		Balance as of March 31, 2021				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Impaired loans, net		$	3,630			$	—			$	—			$	3,630

						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 Measurement Inputs and Valuation Techniques [Table Text Block]

Quantitative information about Level 3 Fair Value Measurements for March 31, 2021

Fair Value

Valuation Technique

Unobservable Input

Range (Weighted Average) (1)

Impaired loans, net

$

2,205

Property appraisals

Selling cost

10.00

%

Impaired loans, net

1,425

Present value of cash flows

Discount rate

6.50

%

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

%

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

						Fair Value Measurements at March 31, 2021 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		$	176,262			$	176,262			$	—			$	—			$	176,262
Securities available for sale			159,742				—				159,742				—				159,742
Securities held to maturity			13,424				—				12,252				1,591				13,843
Restricted securities			1,631				—				1,631				—				1,631
Loans, net			630,716				—				—				639,217				639,217
Bank owned life insurance			18,029				—				18,029				—				18,029
Accrued interest receivable			2,609				—				2,609				—				2,609
Derivatives - cash flow hedges			1,365				—				1,365				—				1,365
Financial Liabilities
Deposits		$	916,057			$	—			$	818,292			$	98,396			$	916,688
Subordinated debt			9,992				—				—				10,955				10,955
Junior subordinated debt			9,279				—				—				10,662				10,662
Accrued interest payable			177				—				177				—				177

						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

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- Definition

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