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

3 Months Ended

Mar. 31, 2022

Notes Tables

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

(In thousands)			March 31, 2022								December 31, 2021
	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		$	9,026			$	9,026			$	3,264			$	3,264
Interest-bearing deposits due from banks	Level 1			35,290				35,290				43,781				43,781
Available-for-sale securities	Level 2			72,023				72,023				81,161				81,161
Available-for-sale securities	Level 3			11,237				11,237				13,180				13,180
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock	Level 2			2,869				2,869				2,843				2,843
Federal Home Loan Bank stock	Level 2			4,184				4,184				4,184				4,184
Loans receivable, net	Level 3			763,602				754,217				729,583				727,733
Loans held for sale	Level 2			5,820				6,506				3,129				3,506
SBA servicing assets	Level 3			626				660				584				617
Accrued interest receivable	Level 2			5,596				5,596				5,822				5,822
Interest rate swap receivable	Level 2			333				333				738				738
Financial assets, total			$	915,056			$	906,391			$	892,719			$	891,279
Financial Liabilities:
Demand deposits	Level 2		$	237,825			$	237,825			$	226,713			$	226,713
Savings deposits	Level 2			105,871				105,871				109,744				109,744
Money market deposits	Level 2			146,819				146,819				164,518				164,518
NOW accounts	Level 2			42,272				42,272				34,741				34,741
Time deposits	Level 2			212,138				209,462				195,830				195,048
Brokered deposits	Level 1			34,924				34,267				17,016				17,003
FHLB borrowings	Level 2			90,000				91,087				90,000				93,643
Senior notes	Level 2			12,000				12,002				12,000				12,045
Subordinated debt	Level 2			9,818				9,758				9,811				9,947
Junior subordinated debt owed to unconsolidated trust	Level 2			8,121				8,121				8,119				8,119
Note payable	Level 3			740				706				791				775
Accrued interest payable	Level 2			680				680				343				343
Interest rate swap liability	Level 2			333				333				738				738
Financial liabilities, total			$	901,541			$	899,203			$	870,364			$	873,377

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, 2022
U. S. Government agency and mortgage-backed securities		$	-			$	59,890			$	-			$	59,890
Corporate bonds			-				3,495				11,237				14,732
Subordinated notes			-				3,069				-				3,069
SBA loan pools			-				5,055				-				5,055
Municipal bonds			-				514				-				514
Available-for-sale securities		$	-			$	72,023			$	11,237			$	83,260
Interest rate swap receivable		$	-			$	333			$	-			$	333
Interest rate swap liability		$	-			$	333			$	-			$	333
December 31, 2021:
U. S. Government agency and mortgage-backed securities		$	-			$	66,629			$	-			$	66,629
Corporate bonds			-				3,741				13,180				16,921
Subordinated notes			-				4,626				-				4,626
SBA loan pools			-				5,603				-				5,603
Municipal bonds			-				562				-				562
Available-for-sale securities		$	-			$	81,161			$	13,180			$	94,341
Interest rate swap receivable		$	-			$	738			$	-			$	738
Interest rate swap liability		$	-			$	738			$	-			$	738

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

(In thousands)
		Three Months Ended March 31, 2022
Level 3 fair value, beginning of year		$	13,180
Purchases			-
Realized gain (loss)			-
Unrealized loss			(1,943	)
Transfers in and /or out of Level 3			-
Level 3 fair value, end of year		$	11,237

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

(In thousands)		Fair Value			Valuation Methodology		Unobservable Inputs		Range of Inputs
March 31, 2022:
Impaired loans, net		$	20,939		Real Estate Appraisals		Discount for appraisal type		5.8%	-	20%
SBA servicing assets			660		Discounted Cash Flows		Market discount rates		14.73%	-	14.90%
December 31, 2021:
Impaired loans, net		$	20,920		Real Estate Appraisals		Discount for appraisal type		5.8%	-	20%
SBA servicing assets			617		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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