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Note 13 - Fair Value and Interest Rate Risk (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

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

(In thousands)				June 30, 2020								December 31, 2019
		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		$	1,616			$	1,616			$	2,693			$	2,693
Interest-bearing deposits due from banks		Level 1			64,280				64,280				36,711				36,711
Available-for-sale securities		Level 2			46,624				46,624				48,317				48,317
Other investments		Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock		Level 2			2,897				2,897				2,897				2,897
Federal Home Loan Bank stock		Level 2			4,503				4,503				4,477				4,477
Loans receivable, net		Level 3			781,352				772,347				802,049				793,559
SBA loans held for sale		Level 2			7,579				8,187				15,282				16,733
SBA servicing assets		Level 3			221				283				201				280
Accrued interest receivable		Level 2			5,624				5,624				3,603				3,603
Interest rate swap receivable		Level 2			1,359				1,359				694				694
Financial assets, total				$	920,505			$	912,170			$	921,374			$	914,414
Financial Liabilities:
Demand deposits		Level 2		$	97,360			$	97,360			$	88,135			$	88,135
Savings deposits		Level 2			70,230				70,230				64,020				64,020
Money market deposits		Level 2			165,658				165,658				99,115				99,115
NOW accounts		Level 2			26,941				26,941				26,864				26,864
Time deposits		Level 2			262,014				263,411				261,492				261,914
Brokered deposits		Level 1			160,885				161,744				229,909				230,073
FHLB borrowings		Level 2			90,000				97,997				100,000				103,962
Senior notes		Level 2			11,890				12,034				11,853				11,722
Subordinated debt		Level 2			9,767				10,170				9,752				9,747
Junior subordinated debt owed to unconsolidated trust		Level 2			8,106				8,106				8,102				8,102
Note payable		Level 3			1,094				1,110				1,193				1,129
Accrued interest payable		Level 2			1,172				1,172				1,971				1,971
Contingent consideration liability		Level 3			86				86				86				86
Interest rate swap liability		Level 2			1,359				1,359				694				694
Financial liabilities, total				$	906,562			$	917,378			$	903,186			$	907,534

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
June 30, 2020:
U. S. Government agency mortgage-backed securities		$	-			$	15,471			$	-			$	15,471
Corporate bonds			-				16,815				-				16,815
Subordinated notes			-				8,809				-				8,809
SBA loan pools			-				5,529				-				5,529
Available-for-sale securities		$	-			$	46,624			$	-			$	46,624
Contingent consideration liability		$	-			$	-			$	86			$	86
Interest rate swap receivable		$	-			$	1,359			$	-			$	1,359
Interest rate swap liability		$	-			$	1,359			$	-			$	1,359
December 31, 2019:
U. S. Government agency mortgage-backed securities		$	-			$	16,685			$	-			$	16,685
Corporate bonds			-				17,313				-				17,313
Subordinated notes			-				9,204				-				9,204
SBA loan pools			-				5,115				-				5,115
Available-for-sale securities		$	-			$	48,317			$	-			$	48,317
Impaired PCI Loans, net		$	-			$	-			$	176			$	176
Contingent consideration liability		$	-			$	-			$	86			$	86
Interest rate swap receivable		$	-			$	694			$	-			$	694
Interest rate swap liability		$	-			$	694			$	-			$	694

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

(In thousands)		Fair Value				Valuation Methodology			Unobservable Inputs			Range of Inputs
June 30, 2020:
Impaired loans, net		$	21,574			Real Estate Appraisals			Discount for appraisal type				8%	-	20%
Other Real Estate Owned			2,400			Real Estate Appraisals			Discount for appraisal type					12%
SBA servicing assets			283			Discounted Cash Flows			Market discount rates				14.73%	-	14.90%
December 31, 2019:
Impaired loans, net		$	18,132			Real Estate Appraisals			Discount for appraisal type				8%	-	20%
Other Real Estate Owned			2,400			Real Estate Appraisals			Discount for appraisal type					12%
SBA servicing assets			280			Discounted Cash Flows			Market discount rates				14.73%	-	14.90%

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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