XML 118 R28.htm IDEA: XBRL DOCUMENT v3.20.1
Note 20 - Disclosures About Fair Value of Financial Instruments
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Fair Value Measurements and Financial Instruments Disclosure [Text Block]
(
20
)
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
 
The following table summarizes the carrying value and estimated fair value of financial instruments and the level within the fair value hierarchy (see Note
19
) in which the fair value measurements fall at
December 31, 2019
and
2018:
 
           
Fair Value Measurements Using
(In thousands)   Carrying
Value		   Fair
Value		  
Level 1
  
Level 2
  
Level 3
                     
December 31, 2019:                                        
                                         
Financial assets:                                        
Cash and cash equivalents   $
51,360
 
   $
51,360
 
   $
51,360
 
   $
-
 
   $
-
 
Interest-bearing time deposits    
6,490
 
    
6,654
 
    
-
 
    
6,654
 
    
-
 
Securities available for sale    
254,562
 
    
254,562
 
    
-
 
    
254,562
 
    
 
 
Loans held for sale    
4,176
 
    
4,243
 
    
-
 
    
4,243
 
    
-
 
Loans, net    
466,694
 
    
482,119
 
    
-
 
    
-
 
    
482,119
 
FHLB and other restricted stock    
1,988
 
    
N/A  
 
    
N/A
 
    
N/A
 
    
N/A
 
Accrued interest receivable    
3,076
 
    
3,076
 
    
-
 
    
3,076
 
    
-
 
Equity securities (included in other assets)    
1,746
 
    
1,746
 
    
1,746-
 
    
-
 
    
 
 
                                         
Financial liabilities:                                        
Deposits    
722,177
 
    
721,729
 
    
-
 
    
-
 
    
721,729
 
Accrued interest payable    
210
 
    
210
 
    
-
 
    
210
 
    
-
 
                                         
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
 
    
-
 
 
 
The carrying amounts in the preceding table are included in the consolidated balance sheets under the applicable captions. The contractual or notional amounts of financial instruments with off-balance-sheet risk are disclosed in Note
16,
and the fair value of these instruments is considered immaterial.