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Note 2 - Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2020
Notes Tables |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] |
|  | Fair Value Measurements at March 31, 2020 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 |  |  | ---- |  |  | $ | 16,016 |  |  |  | ---- |
Agency mortgage-backed securities, residential |  |  | ---- |  |  |  | 96,175 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | 985 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | (985 | ) |  |  | ---- |
|  | Fair Value Measurements at December 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 |  |  | ---- |  |  | $ | 16,736 |  |  |  | ---- |
Agency mortgage-backed securities, residential |  |  | ---- |  |  |  | 88,582 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | 465 |  |  |  | ---- |
Interest rate swap derivatives |  |  | ---- |  |  |  | (465 | ) |  |  | ---- |
|  | Fair Value Measurements at March 31, 2020, Using |
Assets: |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | ---- |  |  |  | ---- |  |  | $ | 459 |
Commercial and Industrial |  |  | ---- |  |  |  | ---- |  |  |  | 777 |
|  | Fair Value Measurements at December 31, 2019, Using |
Assets: |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  |  | ---- |  |  |  | ---- |  |  | $ | 1,644 |
Commercial and Industrial |  |  | ---- |  |  |  | ---- |  |  |  | 4,559 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] |
March 31, 2020 |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  |  | (Weighted Average) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  | $ | 459 |  | Sales approach |  | Adjustment to comparables |  | 10% | to | 50% |  |  | 27.8% |
Commercial and industrial |  |  | 777 |  | Sales approach |  | Adjustment to comparables |  | 24% | to | 50% |  |  | 28.9% |
March 31, 2020 |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  |  | (Weighted Average) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Owner-occupied |  | $ | 1,644 |  | Sales approach |  | Adjustment to comparables |  | 0% | to | 20% |  |  | 9.7% |
Commercial and industrial |  |  | 4,559 |  | Sales approach |  | Adjustment to comparables |  | 0% | to | 61% |  |  | 10.3% |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at March 31, 2020 Using: |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 66,671 |  |  | $ | 66,671 |  |  | $ | ---- |  |  | $ | ---- |  |  | $ | 66,671 |
Certificates of deposit in financial institutions |  |  | 2,360 |  |  |  | ---- |  |  |  | 2,360 |  |  |  | ---- |  |  |  | 2,360 |
Securities available for sale |  |  | 112,191 |  |  |  | ---- |  |  |  | 112,191 |  |  |  | ---- |  |  |  | 112,191 |
Securities held to maturity |  |  | 11,808 |  |  |  | ---- |  |  |  | 6,420 |  |  |  | 5,695 |  |  |  | 12,115 |
Loans, net |  |  | 766,357 |  |  |  | ---- |  |  |  | ---- |  |  |  | 761,147 |  |  |  | 761,147 |
Interest rate swap derivatives |  |  | 985 |  |  |  | ---- |  |  |  | 985 |  |  |  | ---- |  |  |  | 985 |
Accrued interest receivable |  |  | 2,650 |  |  |  | ---- |  |  |  | 385 |  |  |  | 2,265 |  |  |  | 2,650 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 845,879 |  |  |  | 213,262 |  |  |  | 635,176 |  |  |  | ---- |  |  |  | 848,438 |
Other borrowed funds |  |  | 32,459 |  |  |  | ---- |  |  |  | 33,792 |  |  |  | ---- |  |  |  | 33,792 |
Subordinated debentures |  |  | 8,500 |  |  |  | ---- |  |  |  | 5,979 |  |  |  | ---- |  |  |  | 5,979 |
Interest rate swap derivatives |  |  | 985 |  |  |  | ---- |  |  |  | 985 |  |  |  | ---- |  |  |  | 985 |
Accrued interest payable |  |  | 1,565 |  |  |  | 1 |  |  |  | 1,564 |  |  |  | ---- |  |  |  | 1,565 |
|  |  |  |  |  | Fair Value Measurements at December 31, 2019 Using: |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 52,356 |  |  | $ | 52,356 |  |  | $ | ---- |  |  | $ | ---- |  |  | $ | 52,356 |
Certificates of deposit in financial institutions |  |  | 2,360 |  |  |  | ---- |  |  |  | 2,360 |  |  |  | ---- |  |  |  | 2,360 |
Securities available for sale |  |  | 105,318 |  |  |  | ---- |  |  |  | 105,318 |  |  |  | ---- |  |  |  | 105,318 |
Securities held to maturity |  |  | 12,033 |  |  |  | ---- |  |  |  | 6,446 |  |  |  | 5,958 |  |  |  | 12,404 |
Loans, net |  |  | 766,502 |  |  |  | ---- |  |  |  | ---- |  |  |  | 771,285 |  |  |  | 771,285 |
Interest rate swap derivatives |  |  | 465 |  |  |  | ---- |  |  |  | 465 |  |  |  | ---- |  |  |  | 465 |
Accrued interest receivable |  |  | 2,564 |  |  |  | ---- |  |  |  | 315 |  |  |  | 2,249 |  |  |  | 2,564 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 821,471 |  |  |  | 222,607 |  |  |  | 599,937 |  |  |  | ---- |  |  |  | 822,544 |
Other borrowed funds |  |  | 33,991 |  |  |  | ---- |  |  |  | 34,345 |  |  |  | ---- |  |  |  | 34,345 |
Subordinated debentures |  |  | 8,500 |  |  |  | ---- |  |  |  | 6,275 |  |  |  | ---- |  |  |  | 6,275 |
Interest rate swap derivatives |  |  | 465 |  |  |  | ---- |  |  |  | 465 |  |  |  | ---- |  |  |  | 465 |
Accrued interest payable |  |  | 1,589 |  |  |  | 3 |  |  |  | 1,586 |  |  |  | ---- |  |  |  | 1,589 |

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