Note 13 - Fair Value and Interest Rate Risk (Tables)

9 Months Ended

Sep. 30, 2020

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

(In thousands)		September 30, 2020				December 31, 2019
	Fair Value Hierarchy	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial Assets:
Cash and noninterest bearing balances due from banks	Level 1	$	3,231	$	3,231	$	2,693	$	2,693
Interest-bearing deposits due from banks	Level 1		46,405		46,405		36,711		36,711
Available-for-sale securities	Level 2		47,823		47,823		48,317		48,317
Other investments	Level 2		4,450		4,450		4,450		4,450
Federal Reserve Bank stock	Level 2		2,783		2,783		2,897		2,897
Federal Home Loan Bank stock	Level 2		4,503		4,503		4,477		4,477
Loans receivable, net	Level 3		740,127		729,924		802,049		793,559
Loans held for sale	Level 2		6,824		7,002		15,282		16,733
SBA servicing assets	Level 3		301		362		201		280
Accrued interest receivable	Level 2		6,834		6,834		3,603		3,603
Interest rate swap receivable	Level 2		1,303		1,303		694		694

Financial assets, total		$	864,584	$	854,620	$	921,374	$	914,414

Financial Liabilities:
Demand deposits	Level 2	$	161,871	$	161,871	$	88,135	$	88,135
Savings deposits	Level 2		91,169		91,169		64,020		64,020
Money market deposits	Level 2		142,909		142,909		99,115		99,115
NOW accounts	Level 2		29,518		29,518		26,864		26,864
Time deposits	Level 2		210,969		211,724		261,492		261,914
Brokered deposits	Level 1		90,995		91,521		229,909		230,073
FHLB borrowings	Level 2		90,000		97,786		100,000		103,962
Senior notes	Level 2		11,909		12,033		11,853		11,722
Subordinated debt	Level 2		9,774		10,145		9,752		9,747
Junior subordinated debt owed to unconsolidated trust	Level 2		8,108		8,108		8,102		8,102
Note payable	Level 3		1,044		1,059		1,193		1,129
Accrued interest payable	Level 2		1,091		1,091		1,971		1,971
Contingent consideration liability	Level 3		86		86		86		86
Interest rate swap liability	Level 2		1,303		1,303		694		694

Financial liabilities, total		$	850,746	$	860,323	$	903,186	$	907,534

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

(In thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
September 30, 2020:
U. S. Government agency mortgage-backed securities	$	-	$	15,705	$	-	$	15,705
Corporate bonds		-		17,250		-		17,250
Subordinated notes		-		9,013		-		9,013
SBA loan pools		-		5,301		-		5,301
Municipal bonds		-		554		-		554
Available-for-sale securities	$	-	$	47,823	$	-	$	47,823

Contingent consideration liability	$	-	$	-	$	86	$	86

Interest rate swap receivable	$	-	$	1,303	$	-	$	1,303

Interest rate swap liability	$	-	$	1,303	$	-	$	1,303

December 31, 2019:
U. S. Government agency mortgage-backed securities	$	-	$	16,685	$	-	$	16,685
Corporate bonds		-		17,313		-		17,313
Subordinated notes		-		9,204		-		9,204
SBA loan pools		-		5,115		-		5,115
Available-for-sale securities	$	-	$	48,317	$	-	$	48,317

Impaired PCI Loans, net	$	-	$	-	$	176	$	176

Contingent consideration liability	$	-	$	-	$	86	$	86

Interest rate swap receivable	$	-	$	694	$	-	$	694

Interest rate swap liability	$	-	$	694	$	-	$	694

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

(In thousands)	Fair Value		Valuation Methodology	Unobservable Inputs	Range of Inputs
September 30, 2020:
Impaired loans, net	$	20,597	Real Estate Appraisals	Discount for appraisal type	8%	-	20%

Other Real Estate Owned		1,954	Real Estate Appraisals	Discount for appraisal type		12%

SBA servicing assets		362	Discounted Cash Flows	Market discount rates	14.73%	-	14.90%

December 31, 2019:
Impaired loans, net	$	18,132	Real Estate Appraisals	Discount for appraisal type	8%	-	20%

Other Real Estate Owned		2,400	Real Estate Appraisals	Discount for appraisal type		12%

SBA servicing assets		280	Discounted Cash Flows	Market discount rates	14.73%	-	14.90%