Note 8 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

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, 2021
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	69,020	$	-	$	69,020
Agency CMO		-		14,601		-		14,601
Agency notes and bonds		-		98,433		-		98,433
Municipal obligations		-		131,486		-		131,486
Total securities available for sale	$	-	$	313,540	$	-	$	313,540
Equity securities	$	1,787	$	-	$	-		1,787
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	1,879	$	1,879
Land		-		-		100		100
Commercial real estate		-		-		760		760
Commercial business		-		-		201		201
Home equity and second mortgage		-		-		346		346
Total impaired loans	$	-	$	-	$	3,286	$	3,286
Loans held for sale	$	-	$	4,331	$	-	$	4,331
December 31, 2020
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	61,359	$	-	$	61,359
Agency CMO		-		21,030		-		21,030
Agency notes and bonds		-		81,531		-		81,531
Municipal obligations		-		119,582		-		119,582
Total securities available for sale	$	-	$	283,502	$	-	$	283,502
Equity securities	$	1,553	$	-	$	-		1,553
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	1,728	$	1,728
Land		-		-		97		97
Commercial real estate		-		-		779		779
Commercial business		-		-		211		211
Home equity and second mortgage		-		-		353		353
Total impaired loans	$	-	$	-	$	3,168	$	3,168
Loans held for sale	$	-	$	7,941	$	-	$	7,941

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, 2021:
Financial assets:
Cash and cash equivalents	$	205,956	$	205,956	$	205,956	$	-	$	-
Interest-bearing time deposits		6,195		6,438		-		6,438		-
Securities available for sale		313,540		313,540		-		313,540		-
Loans held for sale		4,331		4,408		-		4,408		-
Loans, net		482,623		489,718		-		-		489,718
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		3,101		3,101		-		3,101		-
Equity securities (included in other assets)		1,787		1,787		1,787		-		-
Financial liabilities:
Deposits		940,522		940,906		-		-		940,906
Accrued interest payable		124		124		-		124		-
December 31, 2020:
Financial assets:
Cash and cash equivalents	$	175,888	$	175,888	$	175,888	$	-	$	-
Interest-bearing time deposits		6,396		6,687		-		6,687		-
Securities available for sale		283,502		283,502		-		283,502		-
Loans held for sale		7,941		8,101		-		8,101		-
Loans, net		500,331		506,207		-		-		506,207
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		3,434		3,434		-		3,434		-
Equity securities (included in other assets)		1,553		1,553		1,553		-		-
Financial liabilities:
Deposits		900,461		901,073		-		-		901,073
Accrued interest payable		153		153		-		153		-