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Note 11 - Fair Value and Interest Rate Risk (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

(In thousands)		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
September 30, 2018:
U. S. Government agency mortgage-backed securities		$	-				21,235				-				21,235
Corporate bonds			-				13,007				-				13,007
Subordinated notes			-				4,525				-				4,525
U.S. Treasury notes			-				1,497				-				1,497
Available-for-sale securities		$	-				40,264				-				40,264
Contingent consideration liability		$	-				-				477				477
December 31, 2017:
U. S. Government agency mortgage-backed securities		$	-				7,224				-				7,224
Corporate bonds			-				13,804				-				13,804
Subordinated notes			-				4,548				-				4,548
Available-for-sale securities		$	-				25,576				-				25,576

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

(In thousands)		Fair Value			Valuation Methodology		Unobservable Inputs		Range of Inputs
September 30, 2018:
Impaired loans, net including PCI loans		$	10,173		Real Estate Appraisals		Discount for appraisal type		0%	-	8%
Other Real Estate Owned			991		Real Estate Appraisals		Discount for appraisal type			14%
December 31, 2017:
Impaired loans		$	6,500		Real Estate Appraisals		Discount for appraisal type		0%	-	8%

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

(In thousands)			September 30, 2018								December 31, 2017
	Fair Value Hierarchy		Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Financial Assets:
Cash and noninterest bearing balances due from banks	Level 1		$	5,596				5,596				3,582				3,582
Interest-bearing deposits due from banks	Level 1			43,636				43,636				45,659				45,659
U. S. Government agency mortgage-backed securities	Level 2			21,235				21,235				7,224				7,224
Corporate bonds	Level 2			13,007				13,007				13,804				13,804
Subordinated notes	Level 2			4,525				4,525				4,548				4,548
U.S. Treasury notes	Level 2			1,497				1,497				-				-
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock	Level 2			2,833				2,833				2,502				2,502
Federal Home Loan Bank stock	Level 2			4,928				4,928				5,889				5,889
Loans receivable, net	Level 3			756,649				748,988				713,350				702,816
Accrued interest receivable	Level 2			3,612				3,612				3,496				3,496
Financial assets, total			$	861,968				854,307				804,504				793,970
Financial Liabilities:
Demand deposits	Level 2		$	81,687				81,687				81,197				81,197
Savings deposits	Level 2			100,294				100,294				135,975				135,975
Money market deposits	Level 2			62,314				62,314				16,575				16,575
NOW accounts	Level 2			24,827				24,827				25,476				25,476
Time deposits	Level 2			284,390				282,671				240,087				239,219
Brokered deposits	Level 1			166,020				165,437				138,129				137,870
FHLB and correspondent bank borrowings	Level 2			90,000				89,266				120,000				120,218
Senior notes	Level 2			11,759				11,108				11,703				11,249
Subordinated debt	Level 2			9,720				9,158				-				-
Junior subordinated debt owed to unconsolidated trust	Level 2			8,092				8,092				8,086				8,086
Note payable	Level 3			1,436				1,245				1,580				1,416
Accrued interest payable	Level 2			1,563				1,563				569				569
Contingent consideration liability	Level 3			477				477				-				-
Financial liabilities, total			$	842,579				838,139				779,377				777,850

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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.

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