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v3.21.1

Note 21 - Fair Value and Interest Rate Risk (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
(In thousands) |  |  | December 31, 2020 |  |  | December 31, 2019 |
| Value Hierarchy |  | Carrying Amount |  |  | Estimated Fair Value |  |  | Carrying Amount |  |  | Estimated Fair Value |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and noninterest bearing balances due from banks | Level 1 |  | $ | 3,006 |  |  | $ | 3,006 |  |  | $ | 2,693 |  |  | $ | 2,693 |
Interest-bearing deposits due from banks | Level 1 |  |  | 31,630 |  |  |  | 31,630 |  |  |  | 36,711 |  |  |  | 36,711 |
Available-for-sale securities | Level 2 |  |  | 49,262 |  |  |  | 49,262 |  |  |  | 48,317 |  |  |  | 48,317 |
Other investments | Level 2 |  |  | 4,450 |  |  |  | 4,450 |  |  |  | 4,450 |  |  |  | 4,450 |
Federal Reserve Bank stock | Level 2 |  |  | 2,783 |  |  |  | 2,783 |  |  |  | 2,897 |  |  |  | 2,897 |
Federal Home Loan Bank stock | Level 2 |  |  | 4,503 |  |  |  | 4,503 |  |  |  | 4,477 |  |  |  | 4,477 |
Loans receivable, net | Level 3 |  |  | 719,596 |  |  |  | 716,822 |  |  |  | 802,049 |  |  |  | 793,559 |
Loans held for sale | Level 2 |  |  | 1,217 |  |  |  | 1,343 |  |  |  | 15,282 |  |  |  | 16,733 |
SBA servicing assets | Level 3 |  |  | 316 |  |  |  | 375 |  |  |  | 201 |  |  |  | 280 |
Other real estate owned | Level 2 |  |  | 1,906 |  |  |  | 1,906 |  |  |  | 2,400 |  |  |  | 2,400 |
Accrued interest receivable | Level 2 |  |  | 6,620 |  |  |  | 6,620 |  |  |  | 3,603 |  |  |  | 3,603 |
Interest rate swap receivable | Level 2 |  |  | 1,187 |  |  |  | 1,187 |  |  |  | 694 |  |  |  | 694 |
Financial assets, total |  | $ | 826,476 |  |  | $ | 823,887 |  |  | $ | 923,774 |  |  | $ | 916,814 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits | Level 2 |  | $ | 158,676 |  |  | $ | 158,676 |  |  | $ | 88,135 |  |  | $ | 88,135 |
Savings deposits | Level 2 |  |  | 98,635 |  |  |  | 98,635 |  |  |  | 64,020 |  |  |  | 64,020 |
Money market deposits | Level 2 |  |  | 146,389 |  |  |  | 146,389 |  |  |  | 99,115 |  |  |  | 99,115 |
NOW accounts | Level 2 |  |  | 30,529 |  |  |  | 30,529 |  |  |  | 26,864 |  |  |  | 26,864 |
Time deposits | Level 2 |  |  | 210,140 |  |  |  | 210,882 |  |  |  | 261,492 |  |  |  | 261,914 |
Brokered deposits | Level 1 |  |  | 41,287 |  |  |  | 41,643 |  |  |  | 229,909 |  |  |  | 230,073 |
FHLB borrowings | Level 2 |  |  | 90,000 |  |  |  | 97,293 |  |  |  | 100,000 |  |  |  | 103,962 |
Senior notes | Level 2 |  |  | 11,927 |  |  |  | 12,028 |  |  |  | 11,853 |  |  |  | 11,722 |
Subordinated debt | Level 2 |  |  | 9,782 |  |  |  | 10,125 |  |  |  | 9,752 |  |  |  | 9,747 |
Junior subordinated debt owed to unconsolidated trust | Level 2 |  |  | 8,110 |  |  |  | 8,110 |  |  |  | 8,102 |  |  |  | 8,102 |
Note payable | Level 3 |  |  | 994 |  |  |  | 997 |  |  |  | 1,193 |  |  |  | 1,129 |
Accrued interest payable | Level 2 |  |  | 572 |  |  |  | 572 |  |  |  | 1,971 |  |  |  | 1,971 |
Contingent consideration liability | Level 3 |  |  | - |  |  |  | - |  |  |  | 86 |  |  |  | 86 |
Interest rate swap liability | Level 2 |  |  | 1,187 |  |  |  | 1,187 |  |  |  | 694 |  |  |  | 694 |
Financial liabilities, total |  | $ | 808,228 |  |  | $ | 817,066 |  |  | $ | 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 |
December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U. S. Government agency mortgage-backed securities |  | $ | - |  |  | $ | 16,833 |  |  | $ | - |  |  | $ | 16,833 |
Corporate bonds |  |  | - |  |  |  | 17,290 |  |  |  | - |  |  |  | 17,290 |
Subordinated notes |  |  | - |  |  |  | 9,005 |  |  |  | - |  |  |  | 9,005 |
SBA loan pools |  |  | - |  |  |  | 5,567 |  |  |  | - |  |  |  | 5,567 |
Municipal bonds |  |  | - |  |  |  | 567 |  |  |  | - |  |  |  | 567 |
Available-for-sale securities |  | $ | - |  |  | $ | 49,262 |  |  | $ | - |  |  | $ | 49,262 |
Interest rate swap receivable |  | $ | - |  |  | $ | 1,187 |  |  | $ | - |  |  | $ | 1,187 |
Interest rate swap liability |  | $ | - |  |  | $ | 1,187 |  |  | $ | - |  |  | $ | 1,187 |
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 |
December 31, 2020: |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans, net |  | $ | 22,971 |  | Real Estate Appraisals |  | Discount for appraisal type |  | 5.8% | - | 20% |
Other Real Estate Owned |  |  | 1,906 |  | Real Estate Appraisals |  | Discount for appraisal type |  |  | 5.84% |  |
SBA servicing assets |  |  | 375 |  | 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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