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Note 8 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 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

 
                 

September 30, 2021

                

Assets Measured on a Recurring Basis

                

Securities available for sale:

                

Agency mortgage-backed securities

 $-  $96,953  $-  $96,953 

Agency CMO

  -   9,562   -   9,562 

Agency notes and bonds

  -   124,845   -   124,845 

Treasury notes and bonds

  -   40,528   -   40,528 

Municipal obligations

  -   147,046   -   147,046 

Total securities available for sale

 $-  $418,934  $-  $418,934 
                 

Equity securities

 $1,913  $-  $-   1,913 
                 

Assets Measured on a Nonrecurring Basis

             

Impaired loans:

                

Residential real estate

 $-  $-  $1,347  $1,347 

Land

  -   -   100   100 

Commercial real estate

  -   -   719   719 

Commercial business

  -   -   181   181 

Home equity and second mortgage

  -   -   297   297 

Total impaired loans

 $-  $-  $2,644  $2,644 
                 

Loans held for sale

 $-  $4,087  $-  $4,087 
                 

Foreclosed real estate:

                

Residential real estate

 $-  $-  $64  $64 

Total foreclosed real estate

 $-  $-  $64  $64 
                 

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

 
                     

September 30, 2021:

                    

Financial assets:

                    

Cash and cash equivalents

 $164,300  $164,300  $164,300  $-  $- 

Interest-bearing time deposits

  4,851   5,019   -   5,019   - 

Securities available for sale

  418,934   418,934   -   418,934   - 

Securities held to maturity

  2,000   2,037   -   2,037   - 

Loans held for sale

  4,087   4,172   -   4,172   - 

Loans, net

  485,505   487,796   -   -   487,796 

FHLB and other restricted stock

  1,988   N/A   N/A   N/A   N/A 

Accrued interest receivable

  3,204   3,204   -   3,204   - 

Equity securities (included in other assets)

  1,913   1,913   1,913   -   - 
                     

Financial liabilities:

                    

Deposits

  1,002,294   1,002,469   -   -   1,002,469 

Accrued interest payable

  101   101   -   101   - 
                     

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   -