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Note 2 - Fair Value of Financial Instruments (Tables)

3 Months Ended

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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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-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

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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

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-Publisher FASB
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-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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