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Note 7 - Fair Value Measurements (Tables)

9 Months Ended

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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