Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

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

	Fair Value Measurements at
	June 30, 2019
	Carrying		Estimated		Level		Level		Level
	Value		Fair Value		1		2		3

Assets
Cash and Short-Term Investments	$	75,412	$	75,412	$	75,412	$	-	$	-
Investment Securities Available for Sale		409,839		409,839		-		406,405		3,434
Other Investments, at Cost		3,261		3,261		3,261		-		-
Loans Held for Sale		3,813		3,813		-		3,813		-
Loans, Net		927,917		925,547		-		922,868		2,679
Bank-Owned Life Insurance		21,357		21,357		21,357		-		-

Liabilities
Deposits		1,297,723		1,300,200		908,153		392,047		-
Subordinated Debentures		24,229		24,229		-		24,229		-
Other Borrowed Money		55,063		54,865		-		54,865		-

	Fair Value Measurements at
	December 31, 2018
	Carrying		Estimated		Level		Level		Level
	Value		Fair Value		1		2		3

Assets
Cash and Short-Term Investments	$	60,156	$	60,156	$	60,156	$	-	$	-
Investment Securities Available for Sale		353,066		353,066		-		348,788		4,278
Federal Home Loan Bank Stock		2,978		2,978		2,978		-		-
Loans, Net		774,249		769,809		-		766,457		3,352
Bank-Owned Life Insurance		17,598		17,598		17,598		-		-

Liabilities
Deposits		1,085,125		1,086,503		744,094		342,409		-
Subordinated Debentures		24,229		24,229		-		24,229		-
Other Borrowed Money		44,000		44,032		-		44,032		-

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
	Total Fair		Identical Assets		Observable		Inputs
June 30, 2019	Value		(Level 1)		Inputs (Level 2)		(Level 3)

Recurring Securities Available for Sale
U.S. Government Agencies Mortgage-Backed	$	403,408	$	-	$	400,189	$	3,219
State, County and Municipal		3,574		-		3,359		215
Corporate Bonds		2,857		-		2,857		-
	$	409,839	$	-	$	406,405	$	3,434

Nonrecurring
Impaired Loans	$	2,679	$	-	$	-	$	2,679

Other Real Estate	$	714	$	-	$	-	$	714

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
	Total Fair		Identical Assets		Observable		Inputs
December 31, 2018	Value		(Level 1)		Inputs (Level 2)		(Level 3)

Recurring Securities Available for Sale
U.S. Government Agencies Mortgage-Backed	$	346,205	$	-	$	342,142	$	4,063
State, County and Municipal		3,989		-		3,775		214
Corporate Bonds		2,872		-		2,872		-

	$	353,066	$	-	$	348,789	$	4,277

Nonrecurring
Impaired Loans	$	3,352	$	-	$	-	$	3,352

Other Real Estate	$	1,183	$	-	$	-	$	1,183

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

			Valuation	Unobservable	Range
	June 30, 2019		Techniques	Inputs	Weighted Avg

Real Estate
Residential Real Estate		218	Sales Comparison	Adjustment for Differences	(10.86)%	-	6.70%
				Between the Comparable Sales		(2.08)%

				Management Adjustments for	0.00%	-	25.00%
				Age of Appraisals and/or Current		12.50%
				Market Conditions

Commercial Real Estate		2,134	Income Approach	Capitalization Rate	7.75%	-	10.50%
						9.13%

				Management Adjustments for	0.00%	-	10.00%
				Age of Appraisals and/or Current		5.00%
				Market Conditions

Farmland		327	Sales Comparison	Adjustment for Differences	(71.00)%	-	(3.50)%
				Between the Comparable Sales		(37.25)%

				Management Adjustments for	10.00%	-	80.00%
				Age of Appraisals and/or Current		45.00%
				Market Conditions

Other Real Estate Owned		714	Sales Comparison	Adjustment for Differences	(30.00)%	-	25.02%
				Between the Comparable Sales		(2.49)%

				Management Adjustments for	9.82%	-	99.39%
				Age of Appraisals and/or Current		40.36%
				Market Conditions

			Sales Contract	Adjustment for Estimated Costs	0.00%	-	0.00%
				to Sell		(0.00)%

			Income Approach	Discount Rate		10.00%

			Valuation	Unobservable	Range
	December 31, 2018		Techniques	Inputs	Weighted Avg

Real Estate
Commercial Construction	$	360	Sales Comparison	Adjustment for Differences	(6.00)%	-	1,975.00%
				Between the Comparable Sales		984.20%

				Management Adjustments for	0.00%	-	10.00%
				Age of Appraisals and/or Current		5.00%
				Market Conditions

Residential Real Estate		213	Sales Comparison	Adjustment for Differences	(10.86)%	-	6.70%
				Between the Comparable Sales		(2.08)%

				Management Adjustments for	0.00%	-	25.00%
				Age of Appraisals and/or Current		12.50%
				Market Conditions

Commercial Real Estate		2,415	Sales Comparison	Adjustment for Differences	(60.00)%	-	80.00%
				Between the Comparable Sales		10.00%

				Management Adjustments for	0.00%	-	35.00%
				Age of Appraisals and/or Current		17.50%
				Market Conditions

			Income Approach	Capitalization Rate		10.13%

Farmland		328	Sales Comparison	Adjustment for Differences	(71.00)%	-	(3.50)%
				Between the Comparable Sales		(37.25)%

				Management Adjustments for	10.00%	-	80.00%
				Age of Appraisals and/or Current		45.00%
				Market Conditions

Commercial		36	Sales Contract	Adjustment for Estimated Costs	0.00%	-	0.00%
				to Sell		(0.00)%

				Management Adjustment for	0.00%	-	15.00%
				Age of Appraisals and/or Current		15.00%
				Market Conditions

Other Real Estate Owned		1,183	Sales Comparison	Adjustment for Differences	(30.00)%	-	25.02%
				Between the Comparable Sales		(2.49)%

				Management Adjustment for	9.82%	-	99.39%
				Age of Appraisals and/or Current		35.26%
				Market Conditions

			Income Approach	Capitalization Rate		10.00%

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

	Available for Sale Securities
	June 30, 2019			December 31, 2018

Balance, Beginning	$	4,277		$	7,298
Transfers out of Level 3		-			(2,009	)
Maturities		-			-
Purchases		-			-
Paydowns		(883	)		(886	)
Unrealized Gains included in Other Comprehensive Income (Loss)		40			(126	)


Balance, Ending	$	3,434		$	4,277

Fair Value, Inputs, Level 3 [Member]

Notes Tables

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

				Unobservable	Range
June 30, 2019	Fair Value		Valuation Techniques	Inputs	(Weighted Avg)

State, County and Municipal	$	215	Discounted Cash Flow	Discount Rate or Yield		N/A*

U. S. Government Agencies Mortgage -Backed		3,219	Fundamental Analysis	Discount Rate or Yield		N/A*

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details