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Note 7 - Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2019
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at September 30, 2019 Using
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)
U.S. Government agencies and corporations |  | $ | 165,063 |  |  | $ | --- |  |  | $ | 165,063 |  |  | $ | --- |
States and political subdivisions |  |  | 84,022 |  |  |  | --- |  |  |  | 84,022 |  |  |  | --- |
Mortgage-backed securities |  |  | 80,934 |  |  |  | --- |  |  |  | 80,934 |  |  |  | --- |
Corporate debt securities |  |  | 4,131 |  |  |  | --- |  |  |  | 4,131 |  |  |  | --- |
Total securities available for sale |  | $ | 334,150 |  |  | $ | --- |  |  | $ | 334,150 |  |  | $ | --- |
|  |  |  |  |  | Fair Value Measurements at December 31, 2018 Using
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)
U.S. Government agencies and corporations |  | $ | 300,047 |  |  | $ | --- |  |  | $ | 300,047 |  |  | $ | --- |
States and political subdivisions |  |  | 118,616 |  |  |  | --- |  |  |  | 118,616 |  |  |  | --- |
Mortgage-backed securities |  |  | 628 |  |  |  | --- |  |  |  | 628 |  |  |  | --- |
Corporate debt securities |  |  | 5,719 |  |  |  | --- |  |  |  | 5,719 |  |  |  | --- |
Total securities available for sale |  | $ | 425,010 |  |  | $ | --- |  |  | $ | 425,010 |  |  | $ | --- |
Fair Value Measurements, Nonrecurring [Table Text Block] |
|  |  |  |  |  |  |  | Carrying Value
Date |  | Description |  | Balance |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
|  | Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  | Impaired loans net of valuation allowance |  | $ | 950 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 950 |
December 31, 2018 |  | Impaired loans net of valuation allowance |  |  | 1,014 |  |  |  | --- |  |  |  | --- |  |  |  | 1,014 |
|  |  |  |  |  |  | Carrying Value
Date | Description |  | Balance |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2019 | Other real estate owned net of valuation allowance |  | $ | 1,470 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 1,470 |
December 31, 2018 | Other real estate owned net of valuation allowance |  |  | 2,052 |  |  |  | --- |  |  |  | --- |  |  |  | 2,052 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
Impaired Loans |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
September 30, 2019 |  | Present value of cash flows |  | Discount rate |  | 5.50% | – | 7.25% | (5.82%) |
December 31, 2018 |  | Present value of cash flows |  | Discount rate |  | 5.50% | – | 7.25% | (6.05%) |
September 30, 2019 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
Other real estate owned |  | Discounted appraised value |  | Selling cost |  | 0.00% (1) | – | 6.00% | (0.06%) |
Other real estate owned |  | Discounted appraised value |  | Discount for lack of marketability and age of appraisal |  | 0.00% | – | 48.28% | (1.05%) |
December 31, 2018 |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
Other real estate owned |  | Discounted appraised value |  | Selling cost |  | 0.00% (1) | – | 6.00% | (0.12%) |
Other real estate owned |  | Discounted appraised value |  | Discount for lack of marketability and age of appraisal |  | 0.00% | – | 50.05% | (1.45%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | September 30 , 201 9
|  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 14,206 |  |  | $ | 14,206 |  |  | $ | --- |  |  | $ | --- |
Interest-bearing deposits |  |  | 135,490 |  |  |  | 135,490 |  |  |  | --- |  |  |  | --- |
Securities |  |  | 334,150 |  |  |  | --- |  |  |  | 334,150 |  |  |  | --- |
Restricted securities |  |  | 1,220 |  |  |  | --- |  |  |  | 1,220 |  |  |  | --- |
Loans held for sale |  |  | 2,333 |  |  |  | --- |  |  |  | 2,333 |  |  |  | --- |
Loans, net |  |  | 715,025 |  |  |  | --- |  |  |  | --- |  |  |  | 703,281 |
Accrued interest receivable |  |  | 4,233 |  |  |  | --- |  |  |  | 4,233 |  |  |  | --- |
Bank-owned life insurance |  |  | 35,338 |  |  |  | --- |  |  |  | 35,338 |  |  |  | --- |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,068,027 |  |  | $ | --- |  |  | $ | 943,441 |  |  | $ | 124,567 |
Accrued interest payable |  |  | 133 |  |  |  | --- |  |  |  | 133 |  |  |  | --- |
|  | December 31, 201 8
|  | Carrying Amount |  | Quoted Prices in Active Markets for Identical Assets Level 1 |  | Significant Other Observable Inputs Level 2 |  | Significant Unobservable Inputs Level 3
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 12,882 |  |  | $ | 12,882 |  |  | $ | --- |  |  | $ | --- |
Interest-bearing deposits |  |  | 43,491 |  |  |  | 43,491 |  |  |  | --- |  |  |  | --- |
Securities |  |  | 425,010 |  |  |  | --- |  |  |  | 425,010 |  |  |  | --- |
Restricted securities |  |  | 1,220 |  |  |  | --- |  |  |  | 1,220 |  |  |  | --- |
Loans held for sale |  |  | 72 |  |  |  | --- |  |  |  | 72 |  |  |  | --- |
Loans, net |  |  | 702,409 |  |  |  | --- |  |  |  | --- |  |  |  | 684,565 |
Accrued interest receivable |  |  | 5,160 |  |  |  | --- |  |  |  | 5,160 |  |  |  | --- |
Bank-owned life insurance |  |  | 34,657 |  |  |  | --- |  |  |  | 34,657 |  |  |  | --- |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,051,942 |  |  | $ | --- |  |  | $ | 950,143 |  |  | $ | 101,749 |
Accrued interest payable |  |  | 89 |  |  |  | --- |  |  |  | 89 |  |  |  | --- |

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- Definition 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). + 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 (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: 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
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -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
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