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Note 22 - Parent Company-only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
(In thousands) |  |  |  |  |  |  |  |
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 548 |  |  | $ | 667 |
Investment in subsidiary |  |  | 91,836 |  |  |  | 96,235 |
Other assets |  |  | 1,104 |  |  |  | 564 |
Total assets |  |  | 93,488 |  |  |  | 97,466 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Borrowings |  |  | 29,819 |  |  |  | 29,707 |
Accrued expenses and other liabilities |  |  | 450 |  |  |  | 765 |
Shareholders' equity |  |  | 63,219 |  |  |  | 66,994 |
Total liabilities and shareholders' equity |  | $ | 93,488 |  |  | $ | 97,466 |
Condensed Income Statement [Table Text Block] |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |
Interest on subordinated debt |  | $ | 347 |  |  | $ | 476 |  |  | $ | 454 |
Interest on senior debt |  |  | 1,569 |  |  |  | 1,571 |  |  |  | 1,242 |
Total interest expense |  |  | 1,916 |  |  |  | 2,047 |  |  |  | 1,696 |
Other expenses |  |  | 159 |  |  |  | 214 |  |  |  | 313 |
Loss before benefit for income taxes |  |  | 2,075 |  |  |  | 2,261 |  |  |  | 2,009 |
Benefit for income taxes |  |  | (532 | ) |  |  | (504 | ) |  |  | - |
Loss before equity in undistributed net income of subsidiary |  |  | 1,543 |  |  |  | 1,757 |  |  |  | 2,009 |
Equity in undistributed net income of subsidiary |  |  | (2,276 | ) |  |  | (1,060 | ) |  |  | 5,205 |
Net (loss) income |  |  | (3,819 | ) |  |  | (2,817 | ) |  |  | 3,196 |
Equity in subsidiary other comprehensive income, net of subsidiary |  |  | (115 | ) |  |  | 423 |  |  |  | (671 | )
Total comprehensive (loss) income |  | $ | (3,934 | ) |  | $ | (2,394 | ) |  | $ | 2,525 |
Condensed Cash Flow Statement [Table Text Block] |
(In thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income |  | $ | (3,819 | ) |  | $ | (2,817 | ) |  | $ | 3,196 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiary |  |  | 2,276 |  |  |  | 1,060 |  |  |  | (5,205 | )
Dividends received from Patriot Bank, N.A. |  |  | 2,000 |  |  |  | - |  |  |  | - |
Share-based compensation expense |  |  | 159 |  |  |  | 214 |  |  |  | 220 |
Amortization of debt issuance costs |  |  | 112 |  |  |  | 112 |  |  |  | 97 |
Change in assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Increase in other assets |  |  | (540 | ) |  |  | (505 | ) |  |  | - |
(Decrease) increase in accrued expenses and other liabilities |  |  | (315 | ) |  |  | 315 |  |  |  | 61 |
Net cash used in operating activities |  |  | (127 | ) |  |  | (1,621 | ) |  |  | (1,631 | )
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Net decrease (increase) in investment in Patriot Bank N.A. |  |  | 8 |  |  |  | - |  |  |  | (7,800 | )
Net cash provided by (used in) investing activities |  |  | 8 |  |  |  | - |  |  |  | (7,800 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes, net of expenses |  |  | - |  |  |  | - |  |  |  | 9,709 |
Dividends paid on common stock |  |  | - |  |  |  | (155 | ) |  |  | (154 | )
Net cash (used in) provided by financing activities |  |  | - |  |  |  | (155 | ) |  |  | 9,555 |
Net (decrease) increase in cash and cash equivalents |  |  | (119 | ) |  |  | (1,776 | ) |  |  | 124 |
Cash and cash equivalents at beginning of year |  |  | 667 |  |  |  | 2,443 |  |  |  | 2,319 |
Cash and cash equivalents at end of year |  | $ | 548 |  |  | $ | 667 |  |  | $ | 2,443 |
Supplemental Disclosures of Cash Flow Information: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | 1,776 |  |  | $ | 1,593 |  |  | $ | 1,600 |
Cash paid for income taxes |  | $ | - |  |  | $ | - |  |  | $ | - |

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