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

6 Months Ended

Jun. 30, 2021

Notes Tables

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

(In thousands)			June 30, 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		$	2,397			$	2,397			$	3,006			$	3,006
Interest-bearing deposits due from banks	Level 1			113,794				113,794				31,630				31,630
Available-for-sale securities	Level 2			108,612				108,612				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			4,185				4,185				4,503				4,503
Loans receivable, net	Level 3			660,534				659,544				719,596				716,822
Loans held for sale	Level 2			2,636				2,952				1,217				1,343
SBA servicing assets	Level 3			380				417				316				375
Other real estate owned	Level 2			1,216				1,216				1,906				1,906
Accrued interest receivable	Level 2			6,207				6,207				6,620				6,620
Interest rate swap receivable	Level 2			893				893				1,187				1,187
Interest rate swap cash flow hedge	Level 2			168				168				-				-
Financial assets, total			$	908,216			$	907,579			$	826,476			$	823,887
Financial Liabilities:
Demand deposits	Level 2		$	218,374			$	218,374			$	158,676			$	158,676
Savings deposits	Level 2			99,264				99,264				98,635				98,635
Money market deposits	Level 2			178,249				178,249				146,389				146,389
NOW accounts	Level 2			36,085				36,085				30,529				30,529
Time deposits	Level 2			216,390				216,866				210,140				210,882
Brokered deposits	Level 1			12,836				12,967				41,287				41,643
FHLB borrowings	Level 2			90,000				95,677				90,000				97,293
Senior notes	Level 2			11,965				12,018				11,927				12,028
Subordinated debt	Level 2			9,796				10,053				9,782				10,125
Junior subordinated debt owed to unconsolidated trust	Level 2			8,114				8,114				8,110				8,110
Note payable	Level 3			893				877				994				997
Accrued interest payable	Level 2			337				337				572				572
Interest rate swap liability	Level 2			893				893				1,187				1,187
Financial liabilities, total			$	883,196			$	889,774			$	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
June 30, 2021:
U. S. Government agency and mortgage-backed securities		$	-			$	74,004			$	-			$	74,004
Corporate bonds			-				18,592				-				18,592
Subordinated notes			-				4,674				-				4,674
SBA loan pools			-				10,779				-				10,779
Municipal bonds			-				563				-				563
Available-for-sale securities		$	-			$	108,612			$	-			$	108,612
Interest rate swap receivable		$	-			$	893			$	-			$	893
Interest rate swap cash flow hedge		$	-			$	168			$	-			$	168
Interest rate swap liability		$	-			$	893			$	-			$	893
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
June 30, 2021:
Impaired loans, net		$	26,444		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			417		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%

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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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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