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Note 8 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

		Carrying Value
(In thousands)		Level 1				Level 2				Level 3				Total
September 30, 2018
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	-			$	94,362			$	-			$	94,362
Agency CMO			-				31,742				-				31,742
Agency notes and bonds			-				67,956				-				67,956
Municipal obligations			-				59,153				-				59,153
Total securities available for sale		$	-			$	253,213			$	-			$	253,213
Equity securities		$	1,922			$	-			$	-			$	1,922
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	-			$	-			$	2,253			$	2,253
Land			-				-				96				96
Commercial real estate			-				-				347				347
Commercial business			-				-				290				290
Home equity and second mortgage			-				-				35				35
Other consumer			-				-				8				8
Total impaired loans		$	-			$	-			$	3,029			$	3,029
Loans held for sale		$	-			$	2,339			$	-			$	2,339
Foreclosed real estate:
Residential real estate		$	-			$	-			$	33			$	33
Commercial real estate			-				-				3,109				3,109
Total foreclosed real estate		$	-			$	-			$	3,142			$	3,142
December 31, 2017
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	-			$	112,649			$	-			$	112,649
Agency CMO			-				15,323				-				15,323
Agency notes and bonds			-				69,028				-				69,028
Municipal obligations			-				74,172				-				74,172
Total securities available for sale		$	-			$	271,172			$	-			$	271,172
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	-			$	-			$	2,872			$	2,872
Commercial real estate			-				-				401				401
Commercial business			-				-				38				38
Home equity and second mortgage			-				-				60				60
Total impaired loans		$	-			$	-			$	3,371			$	3,371
Loans held for sale		$	-			$	2,630			$	-			$	2,630
Foreclosed real estate:
Residential real estate		$	-			$	-			$	443			$	443
Commercial real estate			-				-				3,528				3,528
Total foreclosed real estate		$	-			$	-			$	3,971			$	3,971

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

		Carrying				Fair				Fair Value Measurements Using
(In thousands)		Value				Value				Level 1				Level 2				Level 3
September 30, 2018
Financial assets:
Cash and cash equivalents		$	50,151			$	50,151			$	50,151			$	-			$	-
Interest-bearing time deposits			8,935				8,862				-				8,862				-
Securities available for sale			253,213				253,213				-				253,213				-
Loans held for sale			2,339				2,389				-				2,389				-
Loans, net			428,423				421,822				-				-				421,822
FHLB and other restricted stock			1,988				N/A				N/A				N/A				N/A
Accrued interest receivable			2,689				2,689				-				2,689				-
Equity securities (included in other assets)			1,922				1,922				1,922				-				-
Financial liabilities:
Deposits			702,079				699,983				-				-				699,983
Accrued interest payable			145				145				-				145				-
December 31, 2017:
Financial assets:
Cash and cash equivalents		$	25,915			$	25,915			$	25,915			$	-			$	-
Interest-bearing time deposits			9,258				9,220				-				9,220				-
Securities available for sale			271,172				271,172				-				271,172				-
Securities held to maturity			1				1				-				1				-
Loans held for sale			2,630				2,678				-				2,678				-
Loans, net			409,618				404,931				-				-				404,931
FHLB and other restricted stock			1,979				N/A				N/A				N/A				N/A
Accrued interest receivable			2,694				2,694				-				2,694				-
Financial liabilities:
Deposits			664,562				663,006				-				-				663,006
FHLB advances			10,000				10,000				-				10,000				-
Accrued interest payable			107				107				-				107				-

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

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=99377789&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=99377789&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 1
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258

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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=109250915&loc=d3e13467-108611

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 (a)
-URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258

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