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Note 2 - Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2019
Notes Tables |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] |
|  | Fair Value Measurements at March 31, 2019 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 |  |  | ---- |  |  | $ | 16,689 |  |  |  | ---- |
Agency mortgage-backed securities, residential |  |  | ---- |  |  |  | 93,592 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | 237 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | (237 | ) |  |  | ---- |
|  | Fair Value Measurements at December 31, 2018 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 |  |  | ---- |  |  | $ | 16,630 |  |  |  | ---- |
Agency mortgage-backed securities, residential |  |  | ---- |  |  |  | 85,534 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | 101 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | (101 | ) |  |  | ---- |
|  | Fair Value Measurements at March 31, 2019, 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: |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  |  | ---- |  |  |  | ---- |  |  | $ | 1,206 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | ---- |  |  |  | ---- |  |  |  | 156 |
Nonowner-occupied |  |  | ---- |  |  |  | ---- |  |  |  | 263 |
Commercial and industrial |  |  | ---- |  |  |  | ---- |  |  |  | 1,898 |
Other real estate owned: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | ---- |  |  |  | 228 |  |  |  | ---- |
|  | Fair Value Measurements at December 31, 2018 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: |  |  |  |  |  |  |  |  |  |  |  |
Nonowner-occupied |  |  | ---- |  |  |  | ---- |  |  | $ | 264 |
Other real estate owned: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | ---- |  |  |  | 228 |  |  |  | ---- |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
March 31, 2019 |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  | (Weighted Average) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential real estate |  | $ | 1,206 |  | Sales approach |  | Adjustment to comparables |  |  | 0.2% | to | 20% |  |  | 11.2% |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | 156 |  | Sales approach |  | Adjustment to comparables |  |  | 7.8% | to | 478% |  |  | 124.4% |
Nonowner-occupied |  |  | 263 |  | Sales approach |  | Adjustment to comparables |  |  | 6.8% | to | 66.7% |  |  | 18.0% |
December 31, 2018 |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  |  | (Weighted Average) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonowner-occupied |  | $ | 264 |  | Sales approach |  | Adjustment to comparables |  | 6.8% | to | 66.7% |  |  |  | 18.0% |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | Fair Value Measurements at March 31, 2019 Using: |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 72,897 |  |  | $ | 72,897 |  |  | $ | ---- |  |  | $ | ---- |  |  | $ | 72,897 |
Certificates of deposit in financial institutions |  |  | 2, 065 |  |  |  | ---- |  |  |  | 2,065 |  |  |  | ---- |  |  |  | 2,065 |
Securities available for sale |  |  | 110,281 |  |  |  | ---- |  |  |  | 110,281 |  |  |  | ---- |  |  |  | 110,281 |
Securities held to maturity |  |  | 15,590 |  |  |  | ---- |  |  |  | 7,664 |  |  |  | 8,460 |  |  |  | 16,124 |
Loans, net |  |  | 772,631 |  |  |  | ---- |  |  |  | ---- |  |  |  | 771,559 |  |  |  | 771,559 |
Accrued interest receivable |  |  | 2,808 |  |  |  | ---- |  |  |  | 406 |  |  |  | 2,402 |  |  |  | 2,808 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits, including held for sale |  |  | 861,704 |  |  |  | 242,894 |  |  |  | 619,302 |  |  |  | ---- |  |  |  | 862,196 |
Other borrowed funds |  |  | 37,577 |  |  |  | ---- |  |  |  | 36,224 |  |  |  | ---- |  |  |  | 36,224 |
Subordinated debentures |  |  | 8,500 |  |  |  | ---- |  |  |  | 6,897 |  |  |  | ---- |  |  |  | 6,897 |
Accrued interest payable |  |  | 1,492 |  |  |  | 3 |  |  |  | 1,489 |  |  |  | ---- |  |  |  | 1,492 |
|  | Fair Value Measurements at December 31, 2018 Using: |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 71,180 |  |  | $ | 71,180 |  |  | $ | ---- |  |  | $ | ---- |  |  | $ | 71,180 |
Certificates of deposit in financial institutions |  |  | 2,065 |  |  |  | ---- |  |  |  | 2,065 |  |  |  | ---- |  |  |  | 2,065 |
Securities available for sale |  |  | 102,164 |  |  |  | ---- |  |  |  | 102,164 |  |  |  | ---- |  |  |  | 102,164 |
Securities held to maturity |  |  | 15,816 |  |  |  | ---- |  |  |  | 7,625 |  |  |  | 8,609 |  |  |  | 16,234 |
Loans, net |  |  | 770,324 |  |  |  | ---- |  |  |  | ---- |  |  |  | 766,784 |  |  |  | 766,784 |
Accrued interest receivable |  |  | 2,638 |  |  |  | ---- |  |  |  | 312 |  |  |  | 2,326 |  |  |  | 2,638 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 846,704 |  |  |  | 237,821 |  |  |  | 607,593 |  |  |  | ---- |  |  |  | 845,414 |
Other borrowed funds |  |  | 39,713 |  |  |  | ---- |  |  |  | 37,644 |  |  |  | ---- |  |  |  | 37,644 |
Subordinated debentures |  |  | 8,500 |  |  |  | ---- |  |  |  | 7,054 |  |  |  | ---- |  |  |  | 7,054 |
Accrued interest payable |  |  | 1,255 |  |  |  | 3 |  |  |  | 1,252 |  |  |  | ---- |  |  |  | 1,255 |

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- 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 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 (a) -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 (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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