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Note 16 - Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2019
Notes Tables |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] |
|  | Fair Value Measurements as of March 3 1 , 201 9 Using |
|  | Totals At March 3 1 , 2019 |  |  | Quoted Prices in Active Markets For Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (Dollars in Thousands) |
Investment securities, available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 70,759 |  |  | $ | — |  |  | $ | 70,759 |  |  | $ | — |
Commercial |  |  | 52,786 |  |  |  | — |  |  |  | 52,786 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 5,608 |  |  |  | — |  |  |  | 5,608 |  |  |  | — |
U.S. Treasury securities |  |  | 79 |  |  |  | — |  |  |  | 79 |  |  |  | — |
|  | Fair Value Measurements as of December 31, 2018 Using |
|  | Totals At December 31, 2018 |  |  | Quoted Prices in Active Markets For Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (Dollars in Thousands) |
Investment securities, available-for-sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 72,455 |  |  | $ | — |  |  | $ | 72,455 |  |  | $ | — |
Commercial |  |  | 54,289 |  |  |  | — |  |  |  | 54,289 |  |  |  | — |
Obligations of states and political subdivisions |  |  | 5,664 |  |  |  | — |  |  |  | 5,664 |  |  |  | — |
U.S. Treasury securities |  |  | 79 |  |  |  | — |  |  |  | 79 |  |  |  | — |
Fair Value Assets Measured On Nonrecurring Basis [Table Text Block] |
|  | Fair Value Measurements as of March 3 1 , 2019 Using |
|  | Totals At March 3 1 , 2019 |  |  | Quoted Prices in Active Markets For Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (Dollars in Thousands) |
Impaired loans |  | $ | 352 |  |  | $ | — |  |  | $ | — |  |  | $ | 352 |
OREO |  |  | 1,222 |  |  |  | — |  |  |  | — |  |  |  | 1,222 |
Assets held-for-sale |  |  | 198 |  |  |  | — |  |  |  | — |  |  |  | 198 |
|  | Fair Value Measurements as of December 31, 201 8 Using |
|  | Totals At December 31, 201 8 |  |  | Quoted Prices in Active Markets For Identical Assets (Level 1) |  |  | Significant Other Observable Inputs (Level 2) |  |  | Significant Unobservable Inputs (Level 3) |
|  | (Dollars in Thousands) |
Impaired loans |  | $ | 665 |  |  | $ | — |  |  | $ | — |  |  | $ | 665 |
OREO |  |  | 1,505 |  |  |  | — |  |  |  | — |  |  |  | 1,505 |
Assets held-for-sale |  |  | 198 |  |  |  | — |  |  |  | — |  |  |  | 198 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] |
|  | Level 3 Significant Unobservable Input Assumptions |
|  | Fair Value March 3 1 , 2019 |  |  | Valuation Technique |  | Unobservable Input |  | Quantitative Range of Unobservable Inputs (Weighted Average) |
|  | (Dollars in Thousands) |
Non-recurring fair value measurements: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Impaired loans |  | $ | 352 |  |  | Multiple data points, including discount to appraised value of collateral based on recent market activity |  | Appraisal comparability adjustment (discount) |  | 9% | - | 10% | (9.5% | )
OREO |  | $ | 1,222 |  |  | Discount to appraised value of property based on recent market activity for sales of similar properties |  | Appraisal comparability adjustment (discount) |  | 9% | - | 10% | (9.5% | )
Assets held-for-sale |  | $ | 198 |  |  | Discount to appraised value of property based on recent market activity for sales of similar properties |  | Appraisal comparability adjustment (discount) |  | 9% | - | 10% | (9.5% | )
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  | March 3 1 , 2019 |
|  | Carrying Amount |  |  | Estimated Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (Dollars in Thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 60,046 |  |  | $ | 60,046 |  |  | $ | 60,046 |  |  | $ | — |  |  | $ | — |
Investment securities available-for-sale |  |  | 127,185 |  |  |  | 127,185 |  |  |  | — |  |  |  | 127,185 |  |  |  | — |
Investment securities held-to-maturity |  |  | 20,840 |  |  |  | 20,467 |  |  |  | — |  |  |  | 20,467 |  |  |  | — |
Federal funds sold |  |  | 15,080 |  |  |  | 15,080 |  |  |  |  |  |  |  | 15,080 |  |  |  |  |
Federal Home Loan Bank stock |  |  | 713 |  |  |  | 713 |  |  |  | — |  |  |  | — |  |  |  | 713 |
Loans, net of allowance for loan and lease losses |  |  | 502,760 |  |  |  | 512,378 |  |  |  | — |  |  |  | — |  |  |  | 512,378 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 703,361 |  |  |  | 702,185 |  |  |  | — |  |  |  | 702,185 |  |  |  | — |
|  | December 31, 2018 |
|  | Carrying Amount |  |  | Estimated Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | (Dollars in Thousands) |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 49,599 |  |  | $ | 49,599 |  |  | $ | 49,599 |  |  | $ | — |  |  | $ | — |
Investment securities available-for-sale |  |  | 132,487 |  |  |  | 132,487 |  |  |  | — |  |  |  | 132,487 |  |  |  | — |
Investment securities held-to-maturity |  |  | 21,462 |  |  |  | 20,852 |  |  |  | — |  |  |  | 20,852 |  |  |  | — |
Federal funds sold |  |  | 8,354 |  |  |  | 8,354 |  |  |  | — |  |  |  | 8,354 |  |  |  | — |
Federal Home Loan Bank stock |  |  | 703 |  |  |  | 703 |  |  |  | — |  |  |  | — |  |  |  | 703 |
Loans, net of allowance for loan and lease losses |  |  | 514,867 |  |  |  | 516,420 |  |  |  | — |  |  |  | — |  |  |  | 516,420 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 704,725 |  |  |  | 702,832 |  |  |  | — |  |  |  | 702,832 |  |  |  | — |
Short-term borrowings |  |  | 527 |  |  |  | 527 |  |  |  | — |  |  |  | 527 |  |  |  | — |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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