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Note 8 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	-			$	74,656			$	-			$	74,656
Agency CMO			-				43,797				-				43,797
Agency notes and bonds			-				63,985				-				63,985
Municipal obligations			-				72,590				-				72,590
Total securities available for sale		$	-			$	255,028			$	-			$	255,028
Equity securities		$	1,823			$	-			$	-				1,823
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	-			$	-			$	1,972			$	1,972
Land			-				-				89				89
Commercial real estate			-				-				689				689
Commercial business			-				-				255				255
Home equity and second mortgage			-				-				23				23
Other consumer			-				-				49				49
Total impaired loans		$	-			$	-			$	3,077			$	3,077
Loans held for sale		$	-			$	5,897			$	-			$	5,897
December 31, 2018
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	-			$	91,257			$	-			$	91,257
Agency CMO			-				32,992				-				32,992
Agency notes and bonds			-				74,504				-				74,504
Municipal obligations			-				63,088				-				63,088
Total securities available for sale		$	-			$	261,841			$	-			$	261,841
Equity securities		$	1,715			$	-			$	-				1,715
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	-			$	-			$	2,181			$	2,181
Land			-				-				152				152
Construction			-				-				521				521
Commercial real estate			-				-				422				422
Commercial business			-				-				426				426
Home equity and second mortgage			-				-				35				35
Total impaired loans		$	-			$	-			$	3,737			$	3,737
Loans held for sale		$	-			$	2,849			$	-			$	2,849
Foreclosed real estate:
Residential real estate		$	-			$	-			$	33			$	33
Commercial real estate			-				-				3,109				3,109
Total foreclosed real estate		$	-			$	-			$	3,142			$	3,142

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, 2019
Financial assets:
Cash and cash equivalents		$	43,458			$	43,458			$	43,458			$	-			$	-
Interest-bearing time deposits			7,380				7,540				-				7,540				-
Securities available for sale			255,028				255,028				-				255,028				-
Loans held for sale			5,897				5,994				-				5,994				-
Loans, net			467,694				491,813				-				-				491,813
FHLB and other restricted stock			1,988				N/A				N/A				N/A				N/A
Accrued interest receivable			2,850				2,850				-				2,850				-
Equity securities (included inother assets)			1,823				1,823				1,823				-				-
Financial liabilities:
Deposits			719,392				718,828				-				-				718,828
Accrued interest payable			208				208				-				208				-
December 31, 2018:
Financial assets:
Cash and cash equivalents		$	41,112			$	41,112			$	41,112			$	-			$	-
Interest-bearing time deposits			7,710				7,650				-				7,650				-
Securities available for sale			261,841				261,841				-				261,841				-
Loans held for sale			2,849				2,900				-				2,900				-
Loans, net			434,260				427,200				-				-				427,200
FHLB and other restricted stock			1,988				N/A				N/A				N/A				N/A
Accrued interest receivable			2,828				2,828				-				2,828				-
Equity securities (included in other assets)			1,715				1,715				1,715				-				-
Financial liabilities:
Deposits			701,646				699,864				-				-				699,864
Accrued interest payable			150				150				-				150				-

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=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

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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

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)
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