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

3 Months Ended

Mar. 31, 2021

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

(In thousands)		March 31, 2021				December 31, 2020
	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	$	2,593	$	2,593	$	3,006	$	3,006
Interest-bearing deposits due from banks	Level 1		81,681		81,681		31,630		31,630
Available-for-sale securities	Level 2		57,893		57,893		49,262		49,262
Other investments	Level 2		4,450		4,450		4,450		4,450
Federal Reserve Bank stock	Level 2		2,744		2,744		2,783		2,783
Federal Home Loan Bank stock	Level 2		4,503		4,503		4,503		4,503
Loans receivable, net	Level 3		666,250		663,233		719,596		716,822
Loans held for sale	Level 2		2,829		3,008		1,217		1,343
SBA servicing assets	Level 3		327		391		316		375
Other real estate owned	Level 2		1,216		1,216		1,906		1,906
Accrued interest receivable	Level 2		6,270		6,270		6,620		6,620
Interest rate swap receivable	Level 2		791		791		1,187		1,187

Financial assets, total		$	831,547	$	828,773	$	826,476	$	823,887

Financial Liabilities:
Demand deposits	Level 2	$	173,520	$	173,520	$	158,676	$	158,676
Savings deposits	Level 2		103,025		103,025		98,635		98,635
Money market deposits	Level 2		131,844		131,844		146,389		146,389
NOW accounts	Level 2		34,433		34,433		30,529		30,529
Time deposits	Level 2		231,600		232,326		210,140		210,882
Brokered deposits	Level 1		18,456		18,675		41,287		41,643
FHLB borrowings	Level 2		90,000		96,322		90,000		97,293
Senior notes	Level 2		11,946		12,022		11,927		12,028
Subordinated debt	Level 2		9,789		10,072		9,782		10,125
Junior subordinated debt owed to unconsolidated trust	Level 2		8,112		8,112		8,110		8,110
Note payable	Level 3		943		916		994		997
Accrued interest payable	Level 2		693		693		572		572
Interest rate swap liability	Level 2		791		791		1,187		1,187

Financial liabilities, total		$	815,152	$	822,751	$	808,228	$	817,066

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
March 31, 2021:
U. S. Government agency mortgage-backed securities	$	-	$	22,687	$	-	$	22,687
Corporate bonds		-		17,333		-		17,333
Subordinated notes		-		9,149		-		9,149
SBA loan pools		-		8,165		-		8,165
Municipal bonds		-		559		-		559
Available-for-sale securities	$	-	$	57,893	$	-	$	57,893

Interest rate swap receivable	$	-	$	791	$	-	$	791

Interest rate swap liability	$	-	$	791	$	-	$	791

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

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

(In thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Range of Inputs
March 31, 2021:
Impaired loans, net	$	26,538	Real Estate Appraisals	Discount for appraisal type	5.8%	-	20%

Other Real Estate Owned		1,216	Real Estate Appraisals	Discount for appraisal type		5.84%

SBA servicing assets		391	Discounted Cash Flows	Market discount rates	14.73%	-	14.90%

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%