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

9 Months Ended

Sep. 30, 2019

Notes Tables

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

	Fair Value Measurements at
	September 30, 2019
	Carrying		Estimated		Level		Level		Level
	Value		Fair Value		1		2		3
Assets
Cash and Short-Term Investments	$	55,609	$	55,609	$	55,609	$	-	$	-
Investment Securities Available for Sale		368,869		368,869		-		368,654		215
Other Investments, at Cost		3,771		3,771		3,771		-		-
Loans Held for Sale		8,734		8,734		-		8,734		-
Loans, Net		951,559		952,663		-		949,733		2,930
Liabilities
Deposits		1,251,273		1,254,541		885,608		368,933		-
Subordinated Debentures		24,229		24,229		-		24,229		-
Other Borrowed Money		66,813		66,854		-		66,854		-

	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
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
September 30, 2019	Value		(Level 1)		Inputs (Level 2)		(Level 3)
Recurring Securities Available for Sale
U.S. Government Agencies Mortgage-Backed	$	362,311	$	-	$	362,311	$	-
U.S. Treasury		149		-		149		-
State, County and Municipal		3,579		-		3,364		215
Corporate Bonds		2,830		-		2,830		-
	$	368,869	$	-	$	368,654	$	215
Nonrecurring
Impaired Loans	$	2,930	$	-	$	-	$	2,930
Other Real Estate	$	421	$	-	$	-	$	421

			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
	September 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
Commercial		251	Sales Comparison	Adjustment for Differences		0.00%	-	14.20%
				Between the Comparable Sales			7.10%
				Management Adjustments for		10.00%	-	50.00%
				Age of Appraisals and/or Current			30.00%
				Market Conditions
Other Real Estate Owned		421	Sales Comparison	Adjustment for Differences		(30.00)%	-	00.00%
				Between the Comparable Sales			(15.00)%
				Management Adjustments for		18.41%	-	38.39%
				Age of Appraisals and/or Current			28.40%
				Market Conditions
			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
	September 30, 2019			December 31, 2018
Balance, Beginning	$	4,277		$	7,298
Transfers out of Level 3		-			(2,009	)
Sales		(2,977	)		-
Paydowns		(1,158	)		(886	)
Realized Loss on Sale of Security		(18	)		-
Unrealized Gains included in Other
Comprehensive Income (Loss)		91			(126	)
Balance, Ending	$	215		$	4,277

Fair Value, Inputs, Level 3 [Member]

Notes Tables

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

				Unobservable	Range
September 30, 2019	Fair Value		Valuation Techniques	Inputs	(Weighted Avg)
State, County and Municipal	$	215	Discounted Cash Flow	Discount Rate or Yield		N/A*