Note 16 - Subsequent Events	6 Months Ended
Jun. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	*Note 16:* Subsequent Events** On July 30, 2020, the Company announced the closing of its private offering of $20.0 million aggregate principal amount of 5.25% fixed-to-floating rate subordinated notes due 2030 (the “Notes”). The Notes were issued by the Company to the purchasers at a price equal to 100% of their face amount. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The Notes have a stated maturity of September 30, 2030, are redeemable by the Company at its option, in whole or in part, on or after September 30, 2025, and at any time upon the occurrence of certain events. Prior to September 30, 2025, the Company may redeem the Notes, in whole but not in part, only under certain limited circumstances set forth in the Notes. On or after September 30, 2025, the Company may redeem the Notes, in whole or in part, at its option, on any interest payment date. Any redemption by the Company would be at a redemption price equal to 100% of the principal amount of the Notes being redeemed, together with any accrued and unpaid interest on the Notes being redeemed to but excluding the date of redemption. The Notes are not subject to redemption at the option of the holder. The Notes will bear interest at a fixed rate of 5.25% per year, from and including July 29, 2020 to, but excluding, September 30, 2025 or earlier redemption date. From and including September 30, 2025 to, but excluding the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term SOFR plus 519 basis points. As provided in the Notes, the interest rate on the Notes during the applicable floating rate period may be determined based on a rate other than three-month term secured overnight financing rate (“SOFR”). Principal and interest on the Notes are subject to acceleration only in limited circumstances. The Notes are unsecured, subordinated obligations of the Company, are not obligations of, and are not guaranteed by, any subsidiary of the Company, and rank junior in right of payment to the Company’s current and future senior indebtedness. The Company intends to use the net proceeds it received from the sale of the Notes for general corporate purposes which may include supporting organic growth, repayment of outstanding indebtedness, repurchasing of its common stock, capital expenditures and for investments in the Bank as regulatory capital. On July 30, 2020, the Company fully paid off a $11.2 million note payable at another financial institution. This note was originally established during 2018 to partially fund the acquisition of Hometown Bank. It carried a variable rate of interest tied to 30-day LIBOR plus 250 basis points with a floor of 4.00% and had a maturity of June 30, 2024.

Note 16 - Subsequent Events

6 Months Ended

Jun. 30, 2020

Note 16: Subsequent Events

On July 30, 2020, the Company announced the closing of its private offering of $20.0 million aggregate principal amount of 5.25% fixed-to-floating rate subordinated notes due 2030 (the “Notes”). The Notes were issued by the Company to the purchasers at a price equal to 100% of their face amount. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The Notes have a stated maturity of September 30, 2030, are redeemable by the Company at its option, in whole or in part, on or after September 30, 2025, and at any time upon the occurrence of certain events. Prior to September 30, 2025, the Company may redeem the Notes, in whole but not in part, only under certain limited circumstances set forth in the Notes. On or after September 30, 2025, the Company may redeem the Notes, in whole or in part, at its option, on any interest payment date. Any redemption by the Company would be at a redemption price equal to 100% of the principal amount of the Notes being redeemed, together with any accrued and unpaid interest on the Notes being redeemed to but excluding the date of redemption. The Notes are not subject to redemption at the option of the holder. The Notes will bear interest at a fixed rate of 5.25% per year, from and including July 29, 2020 to, but excluding, September 30, 2025 or earlier redemption date. From and including September 30, 2025 to, but excluding the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term SOFR plus 519 basis points. As provided in the Notes, the interest rate on the Notes during the applicable floating rate period may be determined based on a rate other than three-month term secured overnight financing rate (“SOFR”). Principal and interest on the Notes are subject to acceleration only in limited circumstances. The Notes are unsecured, subordinated obligations of the Company, are not obligations of, and are not guaranteed by, any subsidiary of the Company, and rank junior in right of payment to the Company’s current and future senior indebtedness. The Company intends to use the net proceeds it received from the sale of the Notes for general corporate purposes which may include supporting organic growth, repayment of outstanding indebtedness, repurchasing of its common stock, capital expenditures and for investments in the Bank as regulatory capital.

On July 30, 2020, the Company fully paid off a $11.2 million note payable at another financial institution. This note was originally established during 2018 to partially fund the acquisition of Hometown Bank. It carried a variable rate of interest tied to 30-day LIBOR plus 250 basis points with a floor of 4.00% and had a maturity of June 30, 2024.