Note 7 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

	Carrying Value
(In thousands)	Level 1		Level 2		Level 3		Total
September 30, 2017
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	0	$	118,149	$	0	$	118,149
Agency CMO		0		15,194		0		15,194
Agency notes and bonds		0		70,437		0		70,437
Municipal obligations		0		72,946		0		72,946
Mutual funds		211		0		0		211
Total securities available for sale	$	211	$	276,726	$	0	$	276,937
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	0	$	0	$	2,926	$	2,926
Commercial real estate		0		0		297		297
Commercial business		0		0		55		55
Home equity and second mortgage		0		0		243		243
Other consumer		0		0		0		0
Total impaired loans	$	0	$	0	$	3,521	$	3,521
Loans held for sale	$	0	$	1,000	$	0	$	1,000
Foreclosed real estate:
Residential real estate	$	0	$	0	$	304	$	304
Land		0		0		50		50
Commercial real estate		0		0		3,528		3,528
Total foreclosed real estate	$	0	$	0	$	3,882	$	3,882
December 31, 2016
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	0	$	108,237	$	0	$	108,237
Agency CMO		0		16,028		0		16,028
Agency notes and bonds		0		68,662		0		68,662
Municipal obligations		0		62,843		0		62,843
Mutual funds		74		0		0		74
Total securities available for sale	$	74	$	255,770	$	0	$	255,844
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	0	$	0	$	2,060	$	2,060
Land		0		0		1,217		1,217
Commercial real estate		0		0		100		100
Commercial business		0		0		231		231
Home equity and second mortgage		0		0		14		14
Total impaired loans	$	0	$	0	$	3,622	$	3,622
Loans held for sale	$	0	$	4,507	$	0	$	4,507
Foreclosed real estate:
Residential real estate	$	0	$	0	$	226	$	226
Commercial real estate		0		0		4,448		4,448
Total foreclosed real estate	$	0	$	0	$	4,674	$	4,674

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

	Carrying		Fair		Fair Vale Measurements Using
(In thousands)	Value		Value		Level 1		Level 2		Level 3
September 30, 2017
Financial assets:
Cash and cash equivalents	$	24,798	$	24,798	$	24,798	$	0	$	0
Interest-bearing time deposits		10,295		10,302		0		10,302		0
Securities available for sale		276,937		276,937		211		276,726		0
Securities held to maturity		1		1		0		1		0
Loans held for sale		1,000		1,020		0		1,020		0
Loans, net		400,762		400,430		0		0		400,430
FHLB and other stock		1,979		1,979		0		1,979		0
Accrued interest receivable		2,595		2,595		0		2,595		0
Financial liabilities:
Deposits		665,512		664,553		0		0		664,553
Advances from FHLB		4,000		4,000		0		4,000		0
Accrued interest payable		109		109		0		109		0
December 31, 2016:
Financial assets:
Cash and cash equivalents	$	45,835	$	45,835	$	45,835	$	0	$	0
Interest-bearing time deposits		14,735		14,786		0		14,786		0
Securities available for sale		255,844		255,844		74		255,770		0
Securities held to maturity		2		2		0		2		0
Loans held for sale		4,507		4,598		0		4,598		0
Loans, net		381,154		381,459		0		0		381,459
FHLB and other stock		1,650		1,650		0		1,650		0
Accrued interest receivable		2,363		2,363		0		2,363		0
Financial liabilities:
Deposits		664,650		663,806		0		0		663,806
Accrued interest payable		133		133		0		133		0