Note 7 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

			Fair Value Measurements at March 31, 2019 Using
Description	Balance as of March 31, 2019		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Government agencies and corporations	$	289,342	$	---	$	289,342	$	---
States and political subdivisions		110,814		---		110,814		---
Mortgage-backed securities		596		---		596		---
Corporate debt securities		3,893		---		3,893		---
Total securities available for sale	$	404,645	$	---	$	404,645	$	---

			Fair Value Measurements at December 31, 2018 Using
Description	Balance as of December 31, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Government agencies and corporations	$	300,047	$	---	$	300,047	$	---
States and political subdivisions		118,616		---		118,616		---
Mortgage-backed securities		628		---		628		---
Corporate debt securities		5,719		---		5,719		---
Total securities available for sale	$	425,010	$	---	$	425,010	$	---

Fair Value Measurements, Nonrecurring [Table Text Block]

				Carrying Value
Date	Description	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Assets:
March 31, 2019	Impaired loans net of valuation allowance	$	993	$	---	$	---	$	993
December 31, 2018	Impaired loans net of valuation allowance		1,014		---		---		1,014

				Carrying Value
Date	Description	Balance		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	Assets:
March 31, 2019	Other real estate owned net of valuation allowance	$	2,025	$	---	$	---	$	2,025
December 31, 2018	Other real estate owned net of valuation allowance		2,052		---		---		2,052

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

Impaired Loans	Valuation Technique	Unobservable Input	Range (Weighted Average)
March 31, 2019	Present value of cash flows	Discount rate	5.50%	–	7.25%	(5.82%)
December 31, 2018	Present value of cash flows	Discount rate	5.50%	–	7.25%	(6.05%)

March 31, 2019	Valuation Technique	Unobservable Input	Range (Weighted Average)
Other real estate owned	Discounted appraised value	Selling cost	0.00% (1)	–	6.00%	(0.04%)
Other real estate owned	Discounted appraised value	Discount for lack of marketability and age of appraisal	0.00%	–	10.67%	(0.08%)

December 31, 2018	Valuation Technique	Unobservable Input	Range (Weighted Average)
Other real estate owned	Discounted appraised value	Selling cost	0.00% (1)	–	6.00%	(0.12%)
Other real estate owned	Discounted appraised value	Discount for lack of marketability and age of appraisal	0.00%	–	50.05%	(1.45%)

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

	March 31 , 201 9
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	15,332	$	15,332	$	---	$	---
Interest-bearing deposits		53,381		53,381		---		---
Securities		404,645		---		404,645		---
Restricted securities		1,220		---		1,220		---
Loans held for sale		602		---		602		---
Loans, net		711,011		---		---		694,716
Accrued interest receivable		5,401		---		5,401		---
Bank-owned life insurance		34,876		---		34,876		---
Financial Liabilities:
Deposits	$	1,060,205	$	---	$	930,351	$	109,801
Accrued interest payable		140		---		140		---

	December 31, 201 8
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets Level 1		Significant Other Observable Inputs Level 2		Significant Unobservable Inputs Level 3
Financial Assets:
Cash and due from banks	$	12,882	$	12,882	$	---	$	---
Interest-bearing deposits		43,491		43,491		---		---
Securities		425,010		---		425,010		---
Restricted securities		1,220		---		1,220		---
Loans held for sale		72		---		72		---
Loans, net		702,409		---		---		684,565
Accrued interest receivable		5,160		---		5,160		---
Bank-owned life insurance		34,657		---		34,657		---
Financial Liabilities:
Deposits	$	1,051,942	$	---	$	950,143	$	101,749
Accrued interest payable		89		---		89		---