Note 12 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	June 30, 2020
	Level 1		Level 2		Level 3		Total Fair
	Inputs		Inputs		Inputs		Value
	(In Thousands)
Financial assets:
Available-for-sale securities:
U.S. government obligations	$	-	$	2,412	$	-	$	2,412
U.S. treasury obligations		15,692		-		-		15,692
Municipal obligations		-		96,472		-		96,472
Corporate obligations		-		7,394		-		7,394
Mortgage-backed securities		-		9,027		-		9,027
Collateralized mortgage obligations		-		26,897		-		26,897
Asset-backed securities		-		16,632		-		16,632
Loans held-for-sale		-		57,715		-		57,715
Interest rate lock commitments		-		-		5,501		5,501
Financial liabilities:
Forward TBA mortgage-backed securities		-		1,204		-		1,204
Mandatory forward commitments		-		542		-		542

	December 31, 2019
	Level 1		Level 2		Level 3		Total Fair
	Inputs		Inputs		Inputs		Value
	(In Thousands)
Financial assets:
Available-for-sale securities:
U.S. government obligations	$	-	$	695	$	-	$	695
U.S. treasury obligations		12,902		-		-		12,902
Municipal obligations		-		52,222		-		52,222
Corporate obligations		-		8,388		-		8,388
Mortgage-backed securities		-		9,495		-		9,495
Collateralized mortgage obligations		-		33,334		-		33,334
Asset-backed securities		-		9,839		-		9,839
Loans held-for-sale		-		25,612		-		25,612
Interest rate lock commitments		-		-		554		554
Financial liabilities:
Forward TBA mortgage-backed securities		-		201		-		201
Mandatory forward commitments		-		-		-		-

Fair Value Measurements, Nonrecurring [Table Text Block]

	June 30, 2020
	Level 1		Level 2		Level 3		Total Fair
	Inputs		Inputs		Inputs		Value
	(In Thousands)
Impaired loans	$	-	$	-	$	495	$	495
Real estate and other repossessed assets		-		-		-		-
Mortgage servicing rights		-		-		8,334		8,334

	December 31, 2019
	Level 1		Level 2		Level 3		Total Fair
	Inputs		Inputs		Inputs		Value
	(In Thousands)
Impaired loans	$	-	$	-	$	491	$	491
Real estate and other repossessed assets		-		-		25		25
Mortgage servicing rights		-		-		-		-

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Interest
	Rate Lock
	Commitments
	(In Thousands)
Balance, April, 1 2020	$	4,451
Purchases and issuances		6,904
Sales and settlements		(5,854	)
Balance, June 30, 2020	$	5,501
Net change in unrealized gains relating to items held at end of period	$	1,050

	Interest
	Rate Lock
	Commitments
	(In Thousands)
Balance, January 1, 2020	$	554
Purchases and issuances		12,701
Sales and settlements		(7,754	)
Balance, June 30, 2020	$	5,501
Net change in unrealized gains relating to items held at end of period	$	4,947

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

	June 30, 2020
							Total
	Level 1		Level 2		Level 3		Estimated		Carrying
	Inputs		Inputs		Inputs		Fair Value		Amount
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	52,888	$	-	$	-	$	52,888	$	52,888
FHLB stock		4,057		-		-		4,057		4,057
FRB stock		2,601		-		-		2,601		2,601
Loans receivable, gross		-		-		844,529		844,529		840,829
Accrued interest and dividends receivable		6,075		-		-		6,075		6,075
Mortgage servicing rights		-		-		8,334		8,334		8,334
Financial liabilities:
Non-maturing interest bearing deposits		-		474,339		-		474,339		474,339
Noninterest bearing deposits		271,259		-		-		271,259		271,259
Time certificates of deposit		-		-		211,189		211,189		209,846
Accrued expenses and other liabilities		18,712		-		-		18,712		18,712
FHLB advances and other borrowings		-		-		91,158		91,158		90,786
Other long-term debt		-		-		40,210		40,210		40,155

	December 31, 2019
							Total
	Level 1		Level 2		Level 3		Estimated		Carrying
	Inputs		Inputs		Inputs		Fair Value		Amount
	(In Thousands)
Financial assets:
Cash and cash equivalents	$	24,918	$	-	$	-	$	24,918	$	24,918
FHLB stock		4,683		-		-		4,683		4,683
FRB stock		2,526		-		-		2,526		2,526
Loans receivable, gross		-		-		778,923		778,923		779,235
Accrued interest and dividends receivable		4,577		-		-		4,577		4,577
Mortgage servicing rights		-		-		9,835		9,835		8,739
Financial liabilities:
Non-maturing interest bearing deposits		-		375,894		-		375,894		375,894
Noninterest bearing deposits		200,035		-		-		200,035		200,035
Time certificates of deposit		-		-		233,041		233,041		233,064
Accrued expenses and other liabilities		9,624		-		-		9,624		9,624
FHLB advances and other borrowings		-		-		88,447		88,447		88,350
Other long-term debt		-		-		24,661		24,661		25,155

Impaired Loans and Real Estate and Other Repossessed Assets [Member]

Notes Tables

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

	Principal	Significant	Range of
	Valuation	Unobservable	Signficant Input
Instrument	Technique	Inputs	Values
Impaired loans	Fair value of underlying collateral	Discount applied to the obtained appraisal	10 - 30%
Real estate and other repossessed assets	Fair value of collateral	Discount applied to the obtained appraisal	10 - 30%
Mortgage servicing rights	Discounted cash flows	Discount rate	10 - 15%
		Prepayment speeds	100 - 350%
Interest rate lock commitments	Internal pricing model	Pull-through expectations	80 - 90%