Note 8 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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
June 30, 2021
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities	$	-	$	86,975	$	-	$	86,975
Agency CMO		-		11,614		-		11,614
Agency notes and bonds		-		109,551		-		109,551
Municipal obligations		-		145,342		-		145,342
Total securities available for sale	$	-	$	353,482	$	-	$	353,482
Equity securities	$	1,979	$	-	$	-		1,979
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate	$	-	$	-	$	1,659	$	1,659
Land		-		-		146		146
Commercial real estate		-		-		740		740
Commercial business		-		-		190		190
Home equity and second mortgage		-		-		391		391
Total impaired loans	$	-	$	-	$	3,126	$	3,126
Loans held for sale	$	-	$	5,353	$	-	$	5,353
Foreclosed real estate:
Residential real estate	$	-	$	-	$	110	$	110
Total foreclosed real estate	$	-	$	-	$	110	$	110
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
June 30, 2021:
Financial assets:
Cash and cash equivalents	$	183,996	$	183,996	$	183,996	$	-	$	-
Interest-bearing time deposits		6,193		6,399		-		6,399		-
Securities available for sale		353,482		353,482		-		353,482		-
Securities held to maturity		2,000		2,025		-		2,025		-
Loans held for sale		5,353		5,465		-		5,465		-
Loans, net		484,750		488,324		-		-		488,324
FHLB and other restricted stock		1,988		N/A		N/A		N/A		N/A
Accrued interest receivable		3,315		3,315		-		3,315		-
Equity securities (included in other assets)		1,979		1,979		1,979		-		-
Financial liabilities:
Deposits		961,581		961,833		-		-		961,833
Accrued interest payable		121		121		-		121		-
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		-