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

9 Months Ended

Sep. 30, 2021

Notes Tables

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

(In thousands)				September 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		$	5,298			$	5,298			$	3,006			$	3,006
Interest-bearing deposits due from banks		Level 1			40,967				40,967				31,630				31,630
Available-for-sale securities		Level 2			124,103				124,103				49,262				49,262
Other investments		Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock		Level 2			2,843				2,843				2,783				2,783
Federal Home Loan Bank stock		Level 2			5,009				5,009				4,503				4,503
Loans receivable, net		Level 3			704,459				705,272				719,596				716,822
Loans held for sale		Level 2			4,128				4,761				1,217				1,343
SBA servicing assets		Level 3			375				351				316				375
Other real estate owned		Level 2			-				-				1,906				1,906
Accrued interest receivable		Level 2			6,186				6,186				6,620				6,620
Interest rate swap receivable		Level 2			817				817				1,187				1,187
Financial assets, total				$	898,635			$	900,057			$	826,476			$	823,887
Financial Liabilities:
Demand deposits		Level 2		$	207,941			$	207,941			$	158,676			$	158,676
Savings deposits		Level 2			102,365				102,365				98,635				98,635
Money market deposits		Level 2			165,671				165,671				146,389				146,389
NOW accounts		Level 2			34,528				34,528				30,529				30,529
Time deposits		Level 2			197,132				197,143				210,140				210,882
Brokered deposits		Level 1			27,036				27,075				41,287				41,643
FHLB borrowings		Level 2			110,000				115,014				90,000				97,293
Senior notes		Level 2			11,983				12,009				11,927				12,028
Subordinated debt		Level 2			9,803				10,030				9,782				10,125
Junior subordinated debt owed to unconsolidated trust		Level 2			8,116				8,116				8,110				8,110
Note payable		Level 3			842				825				994				997
Accrued interest payable		Level 2			666				666				572				572
Interest rate swap liability		Level 2			817				817				1,187				1,187
Financial liabilities, total				$	876,900			$	882,200			$	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
September 30, 2021:
U. S. Government agency and mortgage-backed securities		$	-			$	89,018			$	-			$	89,018
Corporate bonds			-				20,222				-				20,222
Subordinated notes			-				4,670				-				4,670
SBA loan pools			-				9,634				-				9,634
Municipal bonds			-				559				-				559
Available-for-sale securities		$	-			$	124,103			$	-			$	124,103
Interest rate swap receivable		$	-			$	817			$	-			$	817
Interest rate swap liability		$	-			$	817			$	-			$	817
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
September 30, 2021:
Impaired loans, net		$	26,341		Real Estate Appraisals		Discount for appraisal type			5.8%	-	20%
SBA servicing assets			351		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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