Note 8 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

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
March 31, 2018
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	106,745	$	-	$	106,745
Agency CMO		-		18,249		-		18,249
Agency notes and bonds		-		69,048		-		69,048
Municipal obligations		-		70,801		-		70,801
Total securities available for sale	$	-	$	264,843	$	-	$	264,843
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	2,702	$	2,702
Land		-		-		94		94
Commercial real estate		-		-		365		365
Commercial business		-		-		316		316
Home equity and second mortgage		-		-		78		78
Other consumer		-		-		8		8
Total impaired loans	$	-	$	-	$	3,563	$	3,563
Loans held for sale	$	-	$	2,141	$	-	$	2,141
Foreclosed real estate:
Residential real estate	$	-	$	-	$	281	$	281
Commercial real estate		-		-		3,528		3,528
Total foreclosed real estate	$	-	$	-	$	3,809	$	3,809
December 31, 2017
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	112,649	$	-	$	112,649
Agency CMO		-		15,323		-		15,323
Agency notes and bonds		-		69,028		-		69,028
Municipal obligations		-		74,172		-		74,172
Total securities available for sale	$	-	$	271,172	$	-	$	271,172
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	2,872	$	2,872
Commercial real estate		-		-		401		401
Commercial business		-		-		38		38
Home equity and second mortgage		-		-		60		60
Total impaired loans	$	-	$	-	$	3,371	$	3,371
Loans held for sale	$	-	$	2,630	$	-	$	2,630
Foreclosed real estate:
Residential real estate	$	-	$	-	$	443	$	443
Commercial real estate		-		-		3,528		3,528
Total foreclosed real estate	$	-	$	-	$	3,971	$	3,971

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

	Carrying		Fair		Fair Value Measurements Using
(In thousands)	Value		Value		Level 1		Level 2		Level 3
March 31, 2018
Financial assets:
Cash and cash equivalents	$	39,485	$	39,485	$	39,485	$	-	$	-
Interest-bearing time deposits		8,019		7,944		-		7,944		-
Securities available for sale		264,843		264,843		-		264,843		-
Loans held for sale		2,141		2,186		-		2,186		-
Loans, net		407,279		402,059		-		-		402,059
FHLB and other stock		1,979		N/A		N/A		N/A		N/A
Accrued interest receivable		2,650		2,650		-		2,650		-
Financial liabilities:
Deposits		681,571		679,700		-		-		679,700
Accrued interest payable		98		98		-		98		-
December 31, 2017:
Financial assets:
Cash and cash equivalents	$	25,915	$	25,915	$	25,915	$	-	$	-
Interest-bearing time deposits		9,258		9,220		-		9,220		-
Securities available for sale		271,172		271,172		-		271,172		-
Securities held to maturity		1		1		-		1		-
Loans held for sale		2,630		2,678		-		2,678		-
Loans, net		409,618		404,931		-		-		404,931
FHLB and other stock		1,979		N/A		N/A		N/A		N/A
Accrued interest receivable		2,694		2,694		-		2,694		-
Financial liabilities:
Deposits		664,562		663,006		-		-		663,006
FHLB Advances		10,000		10,000		-		10,000		-
Accrued interest payable		107		107		-		107		-