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Note O - Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

		Fair Value Measurements at December 31, 201 7, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government sponsored entity securities			----			$	13,473				----
Agency mortgage-backed securities, residential			----				87,652				----

		Fair Value Measurements at December 31, 201 6, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government sponsored entity securities			----			$	10,544				----
Agency mortgage-backed securities, residential			----				85,946				----

		Fair Value Measurements at December 31, 201 7, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Impaired loans:
Commercial real estate:
Nono wner-occupied			----				----			$	216
Construction			----				----				756
Other real estate owned:
Commercial real estate:
Construction			----				----				822

		Fair Value Measurements at December 31, 201 6, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Impaired loans:
Commercial real estate:
O wner-occupied			----				----			$	3,536
Nonowner-occupied			----				----				1,985
Commercial and industrial			----				----				298
Other real estate owned:
Commercial real estate:
Construction			----				----				754

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

December 31, 2017

Fair Value

Valuation Technique(s)

Unobservable Input(s)

Range

(Weighted Average)

Impaired loans:

Commercial real estate:

Nono wner-occupied

$

216

Sales approach

Adjustment to comparables

1.6%

to

50%

26.7%

Construction

756

Sales approach

Adjustment to comparables

1.3%

to

55.9%

32.9%

Other real estate owned:

Commercial real estate:

Construction

822

Sales approach

Adjustment to comparables

5%

to

40%

18.1%

December 31, 2016		Fair Value				Valuation Technique(s)		Unobservable Input(s)		Range						(Weighted Average)
Impaired loans:
Commercial real estate:
O wner-occupied		$	3,536		Sales approach			Adjustment to comparables			0%	to	65%				13.7%
					Cost approach			Adjustment to comparables			0%	to	29.5%				14.8%
Nonowner-occupied			1,985		Sales approach			Adjustment to comparables			0%	to	250%				58.6%
Commercial and industrial			298		Sales approach			Adjustment to comparables			0.9%	to	9.7%				5.2%
Other real estate owned:
Commercial real estate:
Construction			754		Sales approach			Adjustment to comparables			0%	to	30%				11.7%

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

						Fair Value Measurements at December 31, 201 7 Using:
		Carrying Value				Level 1				Level 2				Level 3				Total
Financial Assets:
Cash and cash equivalents		$	74 ,573			$	74 ,573			$	----			$	----			$	74 ,573
Certificates of deposit in financial institutions			1, 820				----				1, 820				----				1, 820
Securities available for sale			101,125				----				101 ,125				----				101 ,125
Securities held to maturity			1 7,581				----				9, 020				9 ,059				1 8,079
Restricted investments in bank stocks			7 ,506				N/A				N/A				N/A				N/A
Loans, net			7 61,820				----				----				7 60,746				7 60,746
Accrued interest receivable			2 ,503				----				268				2 ,235				2 ,503
Financial Liabilities:
Deposits			856 ,724				2 53,655				602 ,268				----				855 ,923
Other borrowed funds			3 5,949				----				3 4,810				----				3 4,810
Subordinated debentures			8,500				----				6 ,678				----				6 ,678
Accrued interest payable			792				4				788				----				792

						Fair Value Measurements at December 31, 201 6 Using:
		Carrying Value				Level 1				Level 2				Level 3				Total
Financial Assets:
Cash and cash equivalents		$	40,166			$	4 0,166			$	----			$	----			$	4 0,166
Certificates of deposit in financial institutions			1,670				----				1, 670				----				1, 670
Securities available for sale			96,490				----				9 6,490				----				9 6,490
Securities held to maturity			18,665				----				9, 541				9 ,630				19 ,171
Restricted investments in bank stocks			7,506				N/A				N/A				N/A				N/A
Loans, net			727,202				----				----				727,079				727,079
Accrued interest receivable			2,315				----				224				2,091				2,315
Financial Liabilities:
Deposits			790,452				209,576				581,340				----				790,916
Other borrowed funds			37,085				----				35,948				----				35,948
Subordinated debentures			8,500				----				5,821				----				5,821
Accrued interest payable			513				4				509				----				513

X

- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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+ References

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