Note 8 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	Assets and Liabilities Measured at Fair Value on a Recurring Basis
	(In Thousands)
	Total Carrying Value in the Consolidated Balance Sheet		Quoted Market Prices in an Active Market (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Models with Significant Unobservable Market Parameters (Level 3)
September 30, 2020
Hedged Loans	$	30,160		—		30,160		—
Investment securities available-for-sale:
U.S. Government sponsored enterprises		116,808		—		116,808		—
Mortgage-backed securities		303,115		—		303,115		—
Asset-backed securities		27,079		—		27,079		—
Corporate bonds		2,511		—		2,511		—
State and municipal securities		125,490		—		125,490		—
Total investment securities available-for-sale		575,003		—		575,003		—
Mortgage loans held for sale		36,606		—		36,606		—
Derivatives		979		—		979		—
Bank owned life insurance		34,979		—		—		34,979
Total assets	$	677,727		—		642,748		34,979
Derivatives	$	503		—		503		—
Total liabilities	$	503		—		503		—
December 31, 2019
Hedged Loans	$	—		—		—		—
Investment securities available-for-sale:
U.S. Government sponsored enterprises		59,579		—		59,579		—
Mortgage-backed securities		267,313		—		267,313		—
Corporate bonds		—		—		—		—
Asset-backed securities		27,229		—		27,229		—
State and municipal securities		67,024		—		67,024		—
Total investment securities available-for-sale		421,145		—		421,145		—
Mortgage loans held for sale		18,179		—		18,179		—
Derivatives		328		—		328		—
Bank owned life insurance		31,762		—		—		31,762
Total assets	$	471,414		—		439,652		31,762
Derivatives	$	23		—		23		—
Total liabilities	$	23		—		23		—

Fair Value Measurements, Nonrecurring [Table Text Block]

	Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis
	(In Thousands)
	Total Carrying Value in the Consolidated Balance Sheet		Quoted Market Prices in an Active Market (Level 1)		Models with Significant Observable Market Parameters (Level 2)		Models with Significant Unobservable Market Parameters (Level 3)
September 30, 2020
Other real estate owned	$	1,030		—		—		1,030
Impaired loans, net (¹)		1,621		—		—		1,621
Total	$	2,651		—		—		2,651
December 31, 2019
Other real estate owned	$	697		—		—		697
Impaired loans, net (¹)		3,916		—		—		3,916
Total	$	4,613		—		—		4,613

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

	Valuation Techniques (2)	Significant Unobservable Inputs	Weighted Average
Impaired loans	Appraisal	Estimated costs to sell	10%
Other real estate owned	Appraisal	Estimated costs to sell	10%
(2) The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent.

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

	For the Nine Months Ended September 30,
	2020				2019
	Other Assets		Other Liabilities		Other Assets		Other Liabilities
Fair value, January 1	$	31,762		—	$	30,952		—
Total realized gains included in income		609		—		608		—
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at September 30		—		—		—		—
Purchases, issuances and settlements, net		2,608		—		—		—
Transfers out of Level 3		—		—		—		—
Fair value, September 30	$	34,979		—	$	31,560		—
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at September 30	$	609		—	$	608		—

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

	Carrying/ Notional		Estimated		Quote Market Prices in an Active Market		Models with Significant Observable Market Parameters		Models with Significant Unobservable Market Parameters
(in Thousands)	Amount		Fair Value (¹)		(Level 1)		(Level 2)		(Level 3)
September 30, 2020
Financial assets:
Cash and cash equivalents	$	245,857		245,857		245,857		—		—
Loans, net		2,252,754		2,245,706		—		—		2,245,706
Restricted equity securities		5,089		NA		NA		NA		NA
Accrued interest receivable		7,985		7,985		1		1,988		5,996
Financial liabilities:
Deposits		2,833,582		2,711,573		—		—		2,711,573
Federal Home Loan Bank borrowings		17,183		17,765		—		—		17,765
Accrued interest payable		3,260		3,260		—		—		3,260
December 31, 2019
Financial assets:
Cash and cash equivalents	$	159,770		159,770		159,770		—		—
Loans, net		2,057,175		2,053,212		—		—		2,053,212
Restricted equity securities		4,680		NA		NA		NA		NA
Accrued interest receivable		5,945		5,945		5		1,647		4,293
Financial liabilities:
Deposits		2,417,605		2,210,038		—		—		2,210,038
Federal Home Loan Bank borrowings		23,613		23,860		—		—		23,860
Accrued interest payable		3,814		3,814		—		—		3,814