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Note 3 - Acquisition Activity (Tables) | 3 Months Ended
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Mar. 31, 2019
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | Acquired from TPB |  |  | Fair Value Adjustments |  |  | Fair Value as of August 31, 2018 |
Assets Acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,085 |  |  | $ | — |  |  | $ | 3,085 |
Investment securities, available-for-sale |  |  | 5,977 |  |  |  | — |  |  |  | 5,977 |
Federal Home Loan Bank stock, at cost |  |  | 565 |  |  |  | — |  |  |  | 565 |
Loans |  |  | 156,772 |  |  |  | (2,195 | ) |  |  | 154,577 |
Allowance for loan losses |  |  | (1,702 | ) |  |  | 1,702 |  |  |  | — |
Net loans |  |  | 155,070 |  |  |  | (493 | ) |  |  | 154,577 |
Premises and equipment, net |  |  | 1,198 |  |  |  | 17 |  |  |  | 1,215 |
Other real estate owned |  |  | 85 |  |  |  | — |  |  |  | 85 |
Other assets |  |  | 551 |  |  |  | (328 | ) |  |  | 223 |
Core deposit intangible |  |  | — |  |  |  | 2,048 |  |  |  | 2,048 |
Total assets acquired |  | $ | 166,531 |  |  | $ | 1,244 |  |  | $ | 167,775 |
Liabilities Assumed: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 140,033 |  |  |  | 342 |  |  |  | 140,375 |
Short-term borrowings |  |  | 10,000 |  |  |  | — |  |  |  | 10,000 |
Other liabilities |  |  | 437 |  |  |  | — |  |  |  | 437 |
Total liabilities assumed |  |  | 150,470 |  |  |  | 342 |  |  |  | 150,812 |
Shareholders’ Equity Assumed: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 1,027 |  |  |  | (1,027 | ) |  |  | — |
Surplus |  |  | 5,280 |  |  |  | (5,280 | ) |  |  | — |
Accumulated other comprehensive income, net of tax |  |  | 17 |  |  |  | (17 | ) |  |  | — |
Retained earnings |  |  | 9,737 |  |  |  | (9,737 | ) |  |  | — |
Total shareholders’ equity assumed |  |  | 16,061 |  |  |  | (16,061 | ) |  |  | — |
Total liabilities and shareholders’ equity assumed |  | $ | 166,531 |  |  | $ | (15,719 | ) |  | $ | 150,812 |
Net assets acquired |  |  | $ | 16,963 |
Purchase price |  |  |  | 24,398 |
Goodwill |  |  | $ | 7,435 |
Business Combination, Loans Acquired [Table Text Block] |
|  | August 31, 2018 |
|  | Acquired from TPB |  |  | Fair Value Adjustments |  |  | Fair Value as of August 31, 2018 |
|  | (Dollars in Thousands) |
Purchased performing loans |  | $ | 153,862 |  |  | $ | (2,116 | ) |  | $ | 151,746 |
Purchased credit impaired loans |  |  | 2,910 |  |  |  | (79 | ) |  |  | 2,831 |
Total purchased loans |  | $ | 156,772 |  |  | $ | (2,195 | ) |  | $ | 154,577 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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