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Note 7 - Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2020
Notes Tables |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at June 30, 2020 Using |
Description |  | Balance as of June 30, 2020 |  |  | 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 |  | $ | 73,526 |  |  | $ | --- |  |  | $ | 73,526 |  |  | $ | --- |
States and political subdivisions |  |  | 150,880 |  |  |  | --- |  |  |  | 150,880 |  |  |  | --- |
Mortgage-backed securities |  |  | 262,232 |  |  |  | --- |  |  |  | 262,232 |  |  |  | --- |
Corporate debt securities |  |  | 3,288 |  |  |  | --- |  |  |  | 3,288 |  |  |  | --- |
Total securities available for sale |  | $ | 489,926 |  |  | $ | --- |  |  | $ | 489,926 |  |  | $ | --- |
|  |  |  |  |  | Fair Value Measurements at December 31, 2019 Using |
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) |
U.S. Government agencies and corporations |  | $ | 121,123 |  |  | $ | --- |  |  | $ | 121,123 |  |  | $ | --- |
States and political subdivisions |  |  | 88,239 |  |  |  | --- |  |  |  | 88,239 |  |  |  | --- |
Mortgage-backed securities |  |  | 221,783 |  |  |  | --- |  |  |  | 221,783 |  |  |  | --- |
Corporate debt securities |  |  | 4,118 |  |  |  | --- |  |  |  | 4,118 |  |  |  | --- |
Total securities available for sale |  | $ | 435,263 |  |  | $ | --- |  |  | $ | 435,263 |  |  | $ | --- |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at June 30, 2020 Using |
Description |  | Balance as of June 30, 2020 |  |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Interest rate loan contracts |  | $ | 21 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 21 |
Forward contracts |  | $ | (81 | ) |  | $ | --- |  |  | $ | --- |  |  | $ | (81 | )
Schedule of Derivative Instruments [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at December 31, 2019 Using |
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) |
Interest rate loan contracts |  | $ | 1 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 1 |
Forward contracts |  | $ | (4 | ) |  | $ | --- |  |  | $ | --- |  |  | $ | (4 | )
June 30, 2020 | Valuation Technique | Unobservable Input | Range (Weighted Average)
Interest rate loan contracts | Market approach | Pull-through rate | 85.82% | - | 100.00% | (87.07%)
Forward contracts | Market approach | Pull-through rate | 85.82% | - | 100.00% | (87.07%)
Interest rate loan contracts | Market approach | Current reference price | 102.72% | - | 105.46% | (103.63%)(1)
Forward contracts | Market approach | Current reference price | 102.23% | - | 105.58% | (103.95%)(1)
December 31, 2019 | Valuation Technique | Unobservable Input | Range (Weighted Average)
Interest rate loan contracts | Market approach | Pull-through rate |  | 90.00%(1) |  |
Forward contracts | Market approach | Pull-through rate |  | 65.60%(1) |  |
Interest rate loan contracts | Market approach | Current reference price | 101.49% | - | 102.06% | (101.72%)(2)
Forward contracts | Market approach | Current reference price | 101.49% | - | 103.28% | (101.91%)(2)
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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2020 | Impaired loans net of valuation allowance |  | $ | 972 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 972 |
December 31, 2019 | Impaired loans net of valuation allowance |  |  | 1,005 |  |  |  | --- |  |  |  | --- |  |  |  | 1,005 |
|  |  |  |  |  |  | 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: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2020 | Other real estate owned net of valuation allowance |  | $ | 1,553 |  |  | $ | --- |  |  | $ | --- |  |  | $ | 1,553 |
December 31, 2019 | Other real estate owned net of valuation allowance |  |  | 1,612 |  |  |  | --- |  |  |  | --- |  |  |  | 1,612 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
Impaired Loans | Valuation Technique | Unobservable Input | Range (Weighted Average(1))
June 30, 2020 | Present value of cash flows | Discount rate | 5.50% | – | 6.50% | (5.94%)
December 31, 2019 | Present value of cash flows | Discount rate | 5.50% | – | 6.50% | (5.77%)
June 30, 2020 | Valuation Technique | Unobservable Input |  | Range (Weighted Average(1))
Other real estate owned | Discounted appraised value | Selling cost |  | 0.00%(2) | – | 5.54% | (0.46%)
Other real estate owned | Discounted appraised value | Discount for lack of marketability and age of appraisal |  | 0.00% | – | 11.35% | (0.95%)
December 31, 2019 | Valuation Technique | Unobservable Input |  | Range (Weighted Average(1))
Other real estate owned | Discounted appraised value | Selling cost |  | 0.00%(2) | – | 6.00% | (0.68%)
Other real estate owned | Discounted appraised value | Discount for lack of marketability and age of appraisal |  | 0.00% | – | 45.17% | (1.28%)
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | June 30, 2020
|  | 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 |  | $ | 13,315 |  |  | $ | 13,315 |  |  | $ | --- |  |  | $ | --- |
Interest-bearing deposits |  |  | 73,251 |  |  |  | 73,251 |  |  |  | --- |  |  |  | --- |
Securities |  |  | 489,926 |  |  |  | --- |  |  |  | 489,926 |  |  |  | --- |
Restricted securities |  |  | 1,279 |  |  |  | --- |  |  |  | 1,279 |  |  |  | --- |
Loans held for sale |  |  | 2,367 |  |  |  | --- |  |  |  | 2,367 |  |  |  | --- |
Loans, net |  |  | 782,694 |  |  |  | --- |  |  |  | --- |  |  |  | 764,662 |
Accrued interest receivable |  |  | 4,797 |  |  |  | --- |  |  |  | 4,797 |  |  |  | --- |
Bank-owned life insurance |  |  | 36,007 |  |  |  | --- |  |  |  | 36,007 |  |  |  | --- |
Interest rate loan contracts |  |  | 21 |  |  |  | --- |  |  |  | --- |  |  |  | 21 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,219,608 |  |  | $ | --- |  |  | $ | 1,101,726 |  |  | $ | 118,390 |
Accrued interest payable |  |  | 117 |  |  |  | --- |  |  |  | 117 |  |  |  | --- |
Forward contracts |  |  | 81 |  |  |  | --- |  |  |  | --- |  |  |  | 81 |
|  | December 31, 2019
|  | 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 |  | $ | 10,290 |  |  | $ | 10,290 |  |  | $ | --- |  |  | $ | --- |
Interest-bearing deposits |  |  | 76,881 |  |  |  | 76,881 |  |  |  | --- |  |  |  | --- |
Securities |  |  | 435,263 |  |  |  | --- |  |  |  | 435,263 |  |  |  | --- |
Restricted securities |  |  | 1,220 |  |  |  | --- |  |  |  | 1,220 |  |  |  | --- |
Loans held for sale |  |  | 905 |  |  |  | --- |  |  |  | 905 |  |  |  | --- |
Loans, net |  |  | 726,588 |  |  |  | --- |  |  |  | --- |  |  |  | 718,299 |
Accrued interest receivable |  |  | 4,285 |  |  |  | --- |  |  |  | 4,285 |  |  |  | --- |
Bank-owned life insurance |  |  | 35,567 |  |  |  | --- |  |  |  | 35,567 |  |  |  | --- |
Interest rate loan contracts |  |  | 1 |  |  |  | --- |  |  |  | --- |  |  |  | 1 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 1,119,753 |  |  | $ | --- |  |  | $ | 991,725 |  |  | $ | 128,011 |
Accrued interest payable |  |  | 144 |  |  |  | --- |  |  |  | 144 |  |  |  | --- |
Forward contracts |  |  | 4 |  |  |  | --- |  |  |  | --- |  |  |  | 4 |

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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 pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
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