Note 8 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2018
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	100,541	$	-	$	100,541
Agency CMO		-		22,662		-		22,662
Agency notes and bonds		-		68,996		-		68,996
Municipal obligations		-		59,239		-		59,239
Total securities available for sale	$	-	$	251,438	$	-	$	251,438
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	2,223	$	2,223
Land		-		-		333		333
Commercial real estate		-		-		259		259
Commercial business		-		-		243		243
Home equity and second mortgage		-		-		76		76
Other consumer		-		-		8		8
Total impaired loans	$	-	$	-	$	3,142	$	3,142
Loans held for sale	$	-	$	2,056	$	-	$	2,056
Foreclosed real estate:
Residential real estate	$	-	$	-	$	282	$	282
Commercial real estate		-		-		3,109		3,109
Total foreclosed real estate	$	-	$	-	$	3,391	$	3,391
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
June 30, 2018
Financial assets:
Cash and cash equivalents	$	61,886	$	61,886	$	61,886	$	-	$	-
Interest-bearing time deposits		7,770		7,686		-		7,686		-
Securities available for sale		251,438		251,438		-		251,438		-
Loans held for sale		2,056		2,104		-		2,104		-
Loans, net		419,360		411,787		-		-		411,787
FHLB and other stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		2,676		2,676		-		2,676		-
Financial liabilities:
Deposits		701,836		699,878		-		-		699,878
Accrued interest payable		113		113		-		113		-
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		-