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

9 Months Ended

Sep. 30, 2019

Notes Tables

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

(In thousands)			September 30, 2019								December 31, 2018
	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		$	3,157			$	3,157			$	7,381			$	7,381
Interest-bearing deposits due from banks	Level 1			46,844				46,844				59,056				59,056
U. S. Government agency mortgage-backed securities	Level 2			18,183				18,183				20,473				20,473
Corporate bonds	Level 2			16,863				16,863				12,974				12,974
Subordinated notes	Level 2			8,192				8,192				4,564				4,564
SBA loan pools	Level 2			5,320				5,320				-				-
U.S. Treasury notes	Level 2			1,499				1,499				1,485				1,485
Other investments	Level 2			4,963				4,963				4,963				4,963
Federal Reserve Bank stock	Level 2			2,889				2,889				2,866				2,866
Federal Home Loan Bank stock	Level 2			4,477				4,477				4,928				4,928
Loans receivable, net	Level 3			791,909				782,220				772,767				762,581
SBA loans held for sale	Level 2			4,103				4,480				-				-
SBA servicing assets	Level 3			196				276				37				37
Accrued interest receivable	Level 2			3,538				3,538				3,766				3,766
Interest rate swap receivable	Level 2			874				874				286				286
Financial assets, total			$	913,007			$	903,775			$	895,546			$	885,360
Financial Liabilities:
Demand deposits	Level 2		$	80,772			$	80,772			$	84,471			$	84,471
Savings deposits	Level 2			57,390				57,390				81,912				81,912
Money market deposits	Level 2			125,934				125,934				85,197				85,197
NOW accounts	Level 2			23,675				23,675				26,100				26,100
Time deposits	Level 2			277,656				278,452				282,001				280,538
Brokered deposits	Level 1			196,629				197,053				183,600				183,120
FHLB borrowings	Level 2			100,000				104,559				100,000				101,369
Senior notes	Level 2			11,834				11,698				11,778				11,293
Subordinated debt	Level 2			9,745				9,776				9,723				9,348
Junior subordinated debt owed to unconsolidated trust	Level 2			8,100				8,100				8,094				8,094
Note payable	Level 3			1,242				1,187				1,388				1,239
Accrued interest payable	Level 2			1,995				1,995				1,605				1,605
Contingent consideration liability	Level 3			86				86				707				707
Interest rate swap liability	Level 2			874				874				286				286
Financial liabilities, total			$	895,932			$	901,551			$	876,862			$	875,279

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, 2019:
U. S. Government agency mortgage-backed securities		$	-			$	18,183			$	-			$	18,183
Corporate bonds			-				16,863				-				16,863
Subordinated notes			-				8,192				-				8,192
SBA loan pools			-				5,320				-				5,320
U.S. Treasury notes			-				1,499				-				1,499
Available-for-sale securities		$	-			$	50,057			$	-			$	50,057
Impaired PCI Loans, net		$	-			$	-			$	182			$	182
Contingent consideration liability		$	-			$	-			$	86			$	86
Interest rate swap receivable		$	-			$	874			$	-			$	874
Interest rate swap liability		$	-			$	874			$	-			$	874
December 31, 2018:
U. S. Government agency mortgage-backed securities		$	-			$	20,473			$	-			$	20,473
Corporate bonds			-				12,974				-				12,974
Subordinated notes			-				4,564				-				4,564
U.S. Treasury notes			-				1,485				-				1,485
Available-for-sale securities		$	-			$	39,496			$	-			$	39,496
Impaired PCI Loans, net		$	-			$	-			$	615			$	615
Contingent consideration liability		$	-			$	-			$	707			$	707
Interest rate swap receivable		$	-			$	286			$	-			$	286
Interest rate swap liability		$	-			$	286			$	-			$	286

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

(In thousands)		Fair Value			Valuation Methodology		Unobservable Inputs		Range of Inputs
September 30, 2019:
Impaired loans, net		$	20,767		Real Estate Appraisals		Discount for appraisal type			8%	-	20%
Other Real Estate Owned			2,400		Real Estate Appraisals		Discount for appraisal type				14%
SBA servicing assets			276		Discounted Cash Flows		Market discount rates			14.73%	-	14.90%
December 31, 2018:
Impaired loans, net		$	19,673		Real Estate Appraisals		Discount for appraisal type			8%	-	21%
Other Real Estate Owned			2,945		Real Estate Appraisals		Discount for appraisal type				14%
SBA servicing assets			37		Discounted Cash Flows		Market discount rates			14.73%	-	14.90%

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