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

6 Months Ended

Jun. 30, 2022

Notes Tables

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

(In thousands)			June 30, 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		$	4,507			$	4,507			$	3,264			$	3,264
Interest-bearing deposits due from banks	Level 1			33,009				33,009				43,781				43,781
Available-for-sale securities	Level 2			66,629				66,629				81,161				81,161
Available-for-sale securities	Level 3			10,342				10,342				13,180				13,180
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock	Level 2			2,762				2,762				2,843				2,843
Federal Home Loan Bank stock	Level 2			4,474				4,474				4,184				4,184
Loans receivable, net	Level 3			849,178				834,349				729,583				727,733
Loans held for sale	Level 2			7,556				8,106				3,129				3,506
SBA servicing assets	Level 3			685				738				584				617
Accrued interest receivable	Level 2			5,727				5,727				5,822				5,822
Interest rate swap receivable	Level 2			101				101				738				738
Financial assets, total			$	989,420			$	975,194			$	892,719			$	891,279
Financial Liabilities:
Demand deposits	Level 2		$	271,165			$	271,165			$	226,713			$	226,713
Savings deposits	Level 2			99,686				99,686				109,744				109,744
Money market deposits	Level 2			184,103				184,103				164,518				164,518
NOW accounts	Level 2			35,973				35,973				34,741				34,741
Time deposits	Level 2			221,181				217,278				195,830				195,048
Brokered deposits	Level 1			34,675				33,783				17,016				17,003
FHLB borrowings	Level 2			100,000				100,027				90,000				93,643
Senior notes	Level 2			12,000				11,916				12,000				12,045
Subordinated debt	Level 2			9,825				9,666				9,811				9,947
Junior subordinated debt owed to unconsolidated trust	Level 2			8,123				8,123				8,119				8,119
Note payable	Level 3			689				647				791				775
Accrued interest payable	Level 2			402				402				343				343
Interest rate swap liability	Level 2			101				101				738				738
Financial liabilities, total			$	977,923			$	972,870			$	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
June 30, 2022
U. S. Government agency and mortgage-backed securities		$	-			$	54,085			$	-			$	54,085
Corporate bonds			-				5,302				10,342				15,644
Subordinated notes			-				1,921				-				1,921
SBA loan pools			-				4,822				-				4,822
Municipal bonds			-				499				-				499
Available-for-sale securities		$	-			$	66,629			$	10,342			$	76,971
Interest rate swap receivable		$	-			$	101			$	-			$	101
Interest rate swap liability		$	-			$	101			$	-			$	101
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 June 30, 2022				Six Months Ended June 30, 2022
Level 3 fair value at beginning of the period		$	11,237			$	13,180
Purchases			-				-
Realized gain (loss)			-				-
Unrealized loss			(895	)			(2,838	)
Transfers in and /or out of Level 3			-				-
Level 3 fair value at end of the period		$	10,342			$	10,342

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

(In thousands)		Fair Value			Valuation Methodology		Unobservable Inputs		Range of Inputs
June 30, 2022:
Impaired loans, net		$	20,602		Real Estate Appraisals		Discount for appraisal type		5.8%	-	20%
SBA servicing assets			738		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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