Oak Valley Bancorp (OVLY) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 01, 2019
Document Information [Line Items]
Entity Registrant Name	Oak Valley Bancorp
Entity Central Index Key	0001431567
Trading Symbol	ovly
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		8,210,637
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 106,009,000	$ 116,425,000
Federal funds sold	10,385,000	9,720,000
Cash and cash equivalents	116,394,000	126,145,000
Securities - available for sale	193,601,000	206,712,000
Securities - equity investments	3,283,000	3,106,000
Loans, net of allowance for loan loss of $9,005 and $8,685 as of September 30, 2019 and December 31, 2018, respectively	722,446,000	702,220,000
Cash surrender value of life insurance	24,454,000	19,028,000
Bank premises and equipment, net	15,067,000	14,937,000
Goodwill and other intangible assets, net	3,863,000	3,942,000
Interest receivable and other assets	22,024,000	18,797,000
	1,101,132,000	1,094,887,000
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	977,993,000	986,495,000
Interest payable and other liabilities	13,819,000	9,354,000
Total liabilities	991,812,000	995,849,000
Shareholders’ equity
Common stock, no par value; 50,000,000 shares authorized, 8,210,637 and 8,194,805 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively	25,435,000	25,429,000
Additional paid-in capital	3,636,000	3,358,000
Retained earnings	77,769,000	70,686,000
Accumulated other comprehensive income (loss), net of tax	2,480,000	(435,000)
Total shareholders’ equity	109,320,000	99,038,000
	$ 1,101,132,000	$ 1,094,887,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Net of allowance for loan loss	$ 9,005	$ 8,685
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	8,210,637	8,194,805
Common stock, shares outstanding (in shares)	8,210,637	8,194,805

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INTEREST INCOME
Interest and fees on loans	$ 8,878	$ 8,149	$ 25,920	$ 23,348
Interest on securities	1,463	1,463	4,526	4,108
Interest on federal funds sold	46	55	153	139
Interest on deposits with banks	442	707	1,274	1,873
Total interest income	10,829	10,374	31,873	29,468
INTEREST EXPENSE
Deposits	384	430	1,189	1,080
Total interest expense	384	430	1,189	1,080
Net interest income	10,445	9,944	30,684	28,388
Provision for loan losses	240	0	335	0
Net interest income after provision for loan losses	10,205	9,944	30,349	28,388
OTHER INCOME
Earnings on cash surrender value of life insurance	174	130	426	381
Gains on sales and calls of securities	27	3	137	80
Gain on sale of OREO	0	0	0	193
Other	300	279	1,010	716
Total non-interest income	1,275	1,137	3,792	3,480
OTHER EXPENSES
Salaries and employee benefits	4,333	4,088	13,217	12,183
Occupancy expenses	911	882	2,658	2,757
Data processing fees	477	428	1,396	1,270
Regulatory assessments (FDIC & DBO)	28	110	240	338
Other operating expenses	1,408	1,312	4,189	3,909
Total non-interest expense	7,157	6,820	21,700	20,457
Net income before provision for income taxes	4,323	4,261	12,441	11,411
Total provision for income taxes	1,092	1,096	3,144	2,853
Net Income	$ 3,231	$ 3,165	$ 9,297	$ 8,558
Net income per share (in dollars per share)	$ 0.40	$ 0.39	$ 1.15	$ 1.06
Net income per diluted share (in dollars per share)	$ 0.40	$ 0.39	$ 1.15	$ 1.06
Deposit Account [Member]
OTHER INCOME
Other income	$ 415	$ 388	$ 1,211	$ 1,126
Debit Card [Member]
OTHER INCOME
Other income	355	308	955	890
Mortgage Banking [Member]
OTHER INCOME
Other income	$ 4	$ 29	$ 53	$ 94

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net income	$ 3,231	$ 3,165	$ 9,297	$ 8,558
Other comprehensive income:
Unrealized holding gains (losses) arising during the period	742	(976)	4,276	(2,559)
Less: reclassification for net gains included in net income	(27)	(3)	(137)	(80)
Other comprehensive gain (loss), before tax	715	(979)	4,139	(2,639)
Tax (expense) benefit related to items of other comprehensive income	(212)	289	(1,224)	780
Total other comprehensive gain (loss)	503	(690)	2,915	(1,859)
Comprehensive income	$ 3,734	$ 2,475	$ 12,212	$ 6,699

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2017	8,098,605
Balances at Dec. 31, 2017	$ 24,773	$ 3,576	$ 61,429	$ 989	$ 90,767
Restricted stock issued (in shares)	96,650
Restricted stock issued	$ 0	0	0	0	0
Restricted stock forfeited (in shares)	(1,000)
Restricted stock forfeited	$ 0	0	0	0	0
Cash dividends declared	0	0	(2,117)	0	(2,117)
Stock based compensation	0	317	0	0	317
Other comprehensive income (loss)	0	0	0	(1,859)	(1,859)
Net income	0	0	8,558	0	8,558
APIC reclassification	649	(649)	0	0	0
Reclassification from adoption of ASU 2016-01	$ 0	0	(163)	163	0
Balances (in shares) at Sep. 30, 2018	8,194,255
Balances at Sep. 30, 2018	$ 25,422	3,244	67,707	(707)	95,666
Balances (in shares) at Jun. 30, 2018	8,183,005
Balances at Jun. 30, 2018	$ 25,422	3,134	65,606	(17)	94,145
Restricted stock issued (in shares)	12,250
Restricted stock issued	$ 0	0	0	0	0
Restricted stock forfeited (in shares)	(1,000)
Restricted stock forfeited	$ 0	0	0	0	0
Cash dividends declared	0	0	(1,064)	0	(1,064)
Stock based compensation	0	110	0	0	110
Other comprehensive income (loss)	0	0	0	(690)	(690)
Net income	$ 0	0	3,165	0	3,165
Balances (in shares) at Sep. 30, 2018	8,194,255
Balances at Sep. 30, 2018	$ 25,422	3,244	67,707	(707)	95,666
Balances (in shares) at Dec. 31, 2018	8,194,805
Balances at Dec. 31, 2018	$ 25,429	3,358	70,686	(435)	99,038
Restricted stock issued (in shares)	26,095
Restricted stock issued	$ 0	0	0	0	0
Restricted stock forfeited (in shares)	(4,500)
Restricted stock forfeited	$ 0	0	0	0	0
Cash dividends declared	0	0	(2,214)	0	(2,214)
Stock based compensation	0	399	0	0	399
Other comprehensive income (loss)	0	0	0	2,915	2,915
Net income	$ 0	0	9,297	0	9,297
Restricted stock surrendered for tax withholding (in shares)	(6,763)
Restricted stock surrendered for tax withholding	$ 0	(121)	0	0	(121)
Stock options exercised (in shares)	1,000
Stock options exercised	$ 6	0	0	0	6
Balances (in shares) at Sep. 30, 2019	8,210,637
Balances at Sep. 30, 2019	$ 25,435	3,636	77,769	2,480	109,320
Balances (in shares) at Jun. 30, 2019	8,208,853
Balances at Jun. 30, 2019	$ 25,435	3,524	75,647	1,977	106,583
Restricted stock issued (in shares)	5,250
Restricted stock issued	$ 0	0	0	0	0
Restricted stock forfeited (in shares)	(3,000)
Restricted stock forfeited	$ 0	0	0	0	0
Cash dividends declared	0	0	(1,109)	0	(1,109)
Stock based compensation	0	118	0	0	118
Other comprehensive income (loss)	0	0	0	503	503
Net income	$ 0	0	3,231	0	3,231
Restricted stock surrendered for tax withholding (in shares)	(466)
Restricted stock surrendered for tax withholding	$ 0	(6)	0	0	(6)
Balances (in shares) at Sep. 30, 2019	8,210,637
Balances at Sep. 30, 2019	$ 25,435	$ 3,636	$ 77,769	$ 2,480	$ 109,320

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Cash dividends declared, per share (in dollars per share)	$ 0.135	$ 0.13	$ 0.27	$ 0.26

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 9,297	$ 8,558
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses	335	0
Increase (decrease) in deferred fees/costs, net	113	(324)
Depreciation	816	914
Amortization of investment securities, net	715	817
Stock based compensation	399	317
Gain on sale of OREO property	0	(193)
Gain on calls and sale of available for sale securities	(137)	(80)
Earnings on cash surrender value of life insurance	(426)	(381)
Increase in interest payable and other liabilities	4,977	512
Decrease (increase) in interest receivable	556	(10)
(Increase) decrease in other assets	(4,524)	1,550
Net cash from operating activities	12,121	11,680
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(23,860)	(46,068)
Purchases of equity securities	(68)	(63)
Proceeds from maturities, calls, and principal paydowns of securities available for sale	40,423	16,701
Investment in LIHTC	(512)	0
Net increase in loans	(20,674)	(682)
Purchase of FHLB Stock	(404)	(222)
Purchase of BOLI policies	(5,000)	0
Proceeds from sale of OREO	0	447
Purchases of premises and equipment	(946)	(1,550)
Net cash used in investing activities	(11,041)	(31,437)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder cash dividends paid	(2,214)	(2,117)
Net (decrease) increase in demand deposits and savings accounts	(5,270)	41,695
Net decrease in time deposits	(3,232)	(6,153)
Proceeds from exercise of stock options	6	0
Tax withholding payments on vested restricted shares surrendered	(121)	0
Net cash (used in) from financing activities	(10,831)	33,425
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(9,751)	13,668
CASH AND CASH EQUIVALENTS, beginning of period	126,145	149,173
CASH AND CASH EQUIVALENTS, end of period	116,394	162,841
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	1,200	1,094
Income taxes	3,420	2,555
NON-CASH INVESTING ACTIVITIES:
Change in unrealized gain (loss) on securities	4,139	(2,755)
Change in contributions payable to LIHTC limited partner investment	(511)	0
Lease right-of-use assets	4,550	0
NON-CASH FINANCING ACTIVITIES:
Present value of lease obligations	$ 4,947	$ 0

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 1 On July 3, 2008 one The consolidated financial statements include the accounts of the parent company and its wholly-owned bank subsidiary. Unless otherwise stated, the “Company” refers to the consolidated entity, Oak Valley Bancorp, while the “Bank” refers to Oak Valley Community Bank. All material intercompany transactions have been eliminated. The interim consolidated financial statements included in this report are unaudited but reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. The results of operations for the three nine September 30, 2019 not no 10 December 31, 2018. Oak Valley Community Bank is a California state-chartered bank. The Company was incorporated under the laws of the State of California on May 31, 1990 May 28, 1991. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates reflected in the Company’s consolidated financial statements include the allowance for loan losses, fair value measurements, and the determination, recognition and measurement of impaired loans. Actual results could differ from these estimates.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 2 In May 2014, No. 2014 09, 606 606 ● August 2015 No. 2015 14 one December 15, 2017. ● March 2016 No. 2016 08 ● April 2016 No. 2016 10 ● May 2016 No. 2016 12 Topic 606 January 1, 2018 not No no In January 2016, No. 2016 01, Financial Instruments - Overall (Subtopic 825 10 ● Equity investments, except for those accounted for under the equity method of accounting or those that result in consolidation of the investee, are required to be measured at fair value with changes in fair value recognized in net income. However, an entity may not ● Simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment - if impairment exists, this requires measuring the investment at fair value. ● Eliminates the requirement for public companies to disclose the method(s) and significant assumptions used to estimate the fair value that is currently required to be disclosed for financial instruments measured at amortized cost on the balance sheet. ● Public companies will be required to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. ● Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements. ● The reporting entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity's other deferred tax assets. ASU 2016 01 December 15, 2017, January 1, 2018 not In February 2016, No. 2016 02, Leases (Topic 842 2016 02 December 15, 2018 January 1, 2019 not 5 In June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, October 2019, three not In February 2018, 2018 02, Income Statement - Reporting Comprehensive Income (Topic 220 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income 2017. December 15, 2018, not January 1, 2018, $163,000

Note 3 - Securities

Note 3 - Securities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 3 – SECURITIES Equity Securities The Company held equity securities with fair values of $3,283,000 $3,106,000 September 30, 2019 December 31, 2018, no nine September 30, 2019. 2016 01, $108,000 nine September 30, 2019, $115,000 nine September 30, 2018. Debt Securities Debt securities have been classified in the financial statements as available for sale. The amortized cost and estimated fair values of debt securities as of September 30, 2019 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 31,026 $ 510 $ (26 ) $ 31,510 Collateralized mortgage obligations 1,680 9 (9 ) 1,680 Municipalities 89,616 3,650 (1 ) 93,265 SBA pools 6,982 18 (18 ) 6,982 Corporate debt 19,253 143 (469 ) 18,927 Asset backed securities 41,523 102 (388 ) 41,237 $ 190,080 $ 4,432 $ (911 ) $ 193,601 The following tables detail the gross unrealized losses and fair values of debt securities aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2019. (dollars in thousands) Less than 12 months 12 months or more Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. agencies $ 0 0 $ 3,395 $ (26 ) $ 3,395 $ (26 ) Collateralized mortgage obligations 0 0 689 (9 ) 689 (9 ) Municipalities 0 0 412 (1 ) 412 (1 ) SBA pools 0 0 3,918 (18 ) 3,918 (18 ) Corporate debt 998 (2 ) 8,845 (467 ) 9,843 (469 ) Asset backed securities 9,522 (97 ) 19,927 (291 ) 29,449 (388 ) Total temporarily impaired securities $ 10,520 $ (99 ) $ 37,186 $ (812 ) $ 47,706 $ (911 ) As of September 30, 2019, one six five five ten two 12 September 30, 2019, five one 12 third no not not The amortized cost and estimated fair value of debt securities as of September 30, 2019, may (dollars in thousands) Amortized Fair Cost Value Available-for-sale securities: Due in one year or less $ 32,877 $ 33,086 Due after one year through five years 47,129 48,685 Due after five years through ten years 40,975 41,936 Due after ten years 69,099 69,894 $ 190,080 $ 193,601 The amortized cost and estimated fair values of debt securities as of December 31, 2018, (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 44,474 $ 135 $ (503 ) $ 44,106 Collateralized mortgage obligations 2,071 0 (59 ) 2,012 Municipalities 92,257 1,404 (424 ) 93,237 SBA pools 8,707 13 (47 ) 8,673 Corporate debt 21,426 62 (901 ) 20,587 Asset backed securities 38,395 119 (417 ) 38,097 $ 207,330 $ 1,733 $ (2,351 ) $ 206,712 The following tables detail the gross unrealized losses and fair values of debt securities segregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2018. (dollars in thousands) Less than 12 months 12 months or more Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. agencies $ 22,007 $ (230 ) $ 11,972 $ (273 ) $ 33,979 $ (503 ) Collateralized mortgage obligations 93 (1 ) 1,917 (58 ) 2,010 (59 ) Municipalities 9,630 (55 ) 26,559 (369 ) 36,189 (424 ) SBA pools 3,284 (8 ) 3,726 (39 ) 7,010 (47 ) Corporate debt 3,999 (59 ) 11,645 (842 ) 15,644 (901 ) Asset backed securities 23,604 (412 ) 1,853 (5 ) 25,457 (417 ) Total temporarily impaired securities $ 62,617 $ (765 ) $ 57,672 $ (1,586 ) $ 120,289 $ (2,351 ) The Company recognized gross gains of $27,000 $137,000 three nine September 30, 2019, $3,000 $10,000, 2018. no three nine September 30, 2019, one $70,000 nine 2018. Debt securities carried at $128,721,000 $118,771,000 September 30, 2019 December 31, 2018,

Note 4 - Loans

Note 4 - Loans	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 4 – LOANS The Company’s customers are primarily located in Stanislaus, San Joaquin, Tuolumne, Inyo, and Mono Counties. As of September 30, 2019, 79% 11% 5% 5% (in thousands) September 30, 2019 December 31, 2018 Commercial real estate: Commercial real estate- construction $ 50,260 $ 20,263 Commercial real estate- mortgages 450,870 460,701 Land 8,563 10,951 Farmland 68,572 62,604 Commercial and industrial 78,292 82,252 Consumer 1,146 1,314 Consumer residential 37,357 35,741 Agriculture 37,274 38,076 Total loans 732,334 711,902 Less: Deferred loan fees and costs, net (883 ) (997 ) Allowance for loan losses (9,005 ) (8,685 ) Net loans $ 722,446 $ 702,220 Loan Origination/Risk Management. Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. Once it is determined that the borrower’s management possesses sound ethics and solid business acumen, the Company’s management examines current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial and industrial loans are primarily made based on the identified cash flows of the borrower and secondarily made based on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not may may may may Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may third September 30, 2019 December 31, 2018, 41% 40%, With respect to loans to developers and builders that are secured by non-owner occupied properties that the Company may may may Agricultural production, real estate and development lending is susceptible to credit risks including adverse weather conditions, pest and disease, as well as market price fluctuations and foreign competition. Agricultural loan underwriting standards are maintained by following Company policies and procedures in place to minimize risk in this lending segment. These standards consist of limiting credit to experienced farmers who have demonstrated farm management capabilities, requiring cash flow projections displaying margins sufficient for repayment from normal farm operations along with equity injected as required by policy, as well as providing adequate secondary repayment and sponsorship including satisfactory collateral support. Credit enhancement obtained through government guarantee programs may The Company originates consumer loans utilizing common underwriting criteria specified in policy. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by line and staff personnel. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, trend and outlook reports are reviewed by management on a regular basis. Underwriting standards for 1 4 not 80%, 36% 42%, The Company maintains an independent loan review program that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Bank’s policies and procedures. Non-Accrual and Past Due Loans. not may may not Non-accrual loans, segregated by class of loans, were as follows: (in thousands) September 30, 2019 December 31, 2018 Commercial real estate: Commercial real estate- construction $ 0 $ 0 Commercial real estate- mortgages 0 0 Land 888 906 Farmland 0 0 Commercial and industrial 0 0 Consumer 0 0 Consumer residential 312 14 Agriculture 0 0 Total non-accrual loans $ 1,200 $ 920 Had non-accrual loans performed in accordance with their original contract terms, the Company would have recognized additional interest income of approximately $14,000 $48,000 three nine September 30, 2019, $16,000 $53,000 2018. The following table analyzes past due loans including the past due non-accrual loans in the above table, segregated by class of loans, as of September 30, 2019 ( September 30, 2019 30-59 Days Past Due 60-90 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Greater Than 90 Days Past Due and Still Accruing Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 50,260 $ 50,260 $ 0 Commercial R.E. - mortgages 0 0 0 0 450,870 450,870 0 Land 0 0 0 0 8,563 8,563 0 Farmland 0 0 0 0 68,572 68,572 0 Commercial and industrial 0 0 0 0 78,292 78,292 0 Consumer 0 0 0 0 1,146 1,146 0 Consumer residential 0 312 0 312 37,045 37,357 0 Agriculture 0 0 0 0 37,274 37,274 0 Total $ 0 $ 312 $ 0 $ 312 $ 732,022 $ 732,334 $ 0 The following table analyzes past due loans including the past due non-accrual loans in the above table, segregated by class of loans, as of December 31, 2018 December 31, 2018 30-59 Days Past Due 60-90 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Greater Than 90 Days Past Due and Still Accruing Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 20,263 $ 20,263 $ 0 Commercial R.E. - mortgages 0 0 0 0 460,701 460,701 0 Land 0 0 906 906 10,045 10,951 0 Farmland 0 0 0 0 62,604 62,604 0 Commercial and industrial 0 2,100 0 2,100 80,152 82,252 0 Consumer 0 0 0 0 1,314 1,314 0 Consumer residential 0 62 0 62 35,679 35,741 0 Agriculture 0 0 0 0 38,076 38,076 0 Total $ 0 $ 2,162 $ 906 $ 3,068 $ 708,834 $ 711,902 $ 0 Impaired Loans. no three nine September 30, 2019 2018. Impaired loans as of September 30, 2019 (in thousands) Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance September 30, 2019 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 Land 895 0 888 888 680 Farmland 0 0 0 0 0 Commercial and Industrial 0 0 0 0 0 Consumer 0 0 0 0 0 Consumer residential 312 312 0 312 0 Agriculture 0 0 0 0 0 Total $ 1,207 $ 312 $ 888 $ 1,200 $ 680 Average recorded investment in impaired loans outstanding as of September 30, 2019 2018 (in thousands) Average Recorded Investment for the Average Recorded Investment for the 2019 2018 2019 2018 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 Land 890 942 901 2,018 Farmland 0 0 0 0 Commercial and Industrial 0 105 0 304 Consumer 0 0 0 0 Consumer residential 126 14 51 96 Agriculture 0 0 0 0 Total $ 1,016 $ 1,061 $ 952 $ 2,418 Impaired loans as of December 31, 2018 (in thousands) Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment December 31, 2018 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 0 Land 1,222 0 906 906 680 958 Farmland 0 0 0 0 0 0 Commercial and Industrial 32 0 0 0 0 176 Consumer 0 0 0 0 0 0 Consumer residential 15 14 0 14 0 14 Agriculture 0 0 0 0 0 0 Total $ 1,269 $ 14 $ 906 $ 920 $ 680 $ 1,148 Troubled Debt Restructurings – As of September 30, 2019, one $888,000, December 31, 2018, four $920,000. September 30, 2019 December 31, 2018 no $680,000 September 30, 2019 December 31, 2018. During the three nine September 30, 2019, $906,000 no 2018. one three nine September 30, 2019 not not no There were no twelve three nine September 30, 2019 2018. ninety Loan Risk Grades– The Company grades loans using the following letter system: 1 2 3A 3B 3C 4 5 6 7 8 1. Exceptional Loan 1 ● A high level of liquidity and whose debt-servicing capacity exceeds expected obligations by a substantial margin. ● Where leverage is below average for the industry and earnings are consistent or growing without severe vulnerability to economic cycles. ● Also included in this rating (but not one 110% 2. Quality Loan No 2 ● Unquestionable debt-servicing capacity to cover all obligations in the ordinary course of business from well-defined primary and secondary sources. ● Consistent strong earnings. ● A solid equity base. 3A. Better than Acceptable Loan 3 three three 3 3A ● Strong earnings with no three ● Long term experienced management with depth and defined management succession. ● The loan has no ● Loan-to-value on real estate secured transactions is 10% 20% ● Very liquid balance sheet that may ● Little to no 3B. Acceptable Loan 3B 3A 3C not ● Are those where the borrower has average financial strengths, a history of profitable operations and experienced management. ● Are those where the borrower can be expected to handle normal credit needs in a satisfactory manner. 3C. Marginally Acceptable Loan 3C 3Bs ● Requires collateral. ● A credit facility where the borrower has average financial strengths, but usually lacks reliable secondary sources of repayment other than the subject collateral. ● Other common characteristics can include some or all of the following: minimal background experience of management, lacking continuity of management, a start-up operation, erratic historical profitability (acceptable reasons-well identified), lack of or marginal sponsorship of guarantor, and government guaranteed loans. 4W . Watch Acceptable Loan may ● Any unexpected short-term adverse financial performance from budgeted projections or a prior period’s results (i.e., declining profits, sales, margins, cash flow, or increased reliance on leverage, including adverse balance sheet ratios, trade debt issues, etc.). ● Any managerial or personal problems of company management, decline in the entire industry or local economic conditions, or failure to provide financial information or other documentation as requested. ● Issues regarding delinquency, overdrafts, or renewals. ● Any other issues that cause concern for the company. ● Loans to individuals or loans supported by guarantors with marginal net worth and/or marginal collateral. ● Weaknesses that are identified are short-term in nature. ● Loans in this category are usually accounts the Bank would want to retain providing a positive turnaround can be expected within a reasonable time frame. Grade 4 5 . Special Mention Loan may, ● The lending officer may ● Questions exist regarding the condition of and/or control over collateral. ● Economic or market conditions may ● A declining trend in the obligor’s operations or an imbalanced position in the balance sheet exists, but not 6 . Substandard Loan not not 7 . Doubtful Loan one may may may not 40 65 25 40 65 A proper classification of such a credit would show 40 25 35 may 8 . Loss not not no not may not As of September 30, 2019 December 31, 2018, no 8 The following table presents weighted average risk grades of the Company’s loan portfolio: September 30, 2019 December 31, 2018 Weighted Average Risk Grade Weighted Average Risk Grade Commercial real estate: Commercial real estate - construction 3.00 3.00 Commercial real estate - mortgages 3.01 3.02 Land 3.72 3.58 Farmland 3.05 3.00 Commercial and industrial 3.05 3.08 Consumer 2.16 2.31 Consumer residential 3.03 3.01 Agriculture 3.20 3.12 Total gross loans 3.04 3.04 The following table presents risk grade totals by class of loans as of September 30, 2019 December 31, 2018. 1 4 (in thousands) Commercial R.E. Commercial R.E. Land Farmland Commercial and Industrial Consumer Consumer Residential Agriculture Total September 30, 2019 Pass $ 50,260 $ 448,066 $ 7,675 $ 66,967 $ 75,087 $ 1,121 $ 37,004 $ 33,600 $ 719,780 Special mention - 2,804 - 1,605 825 - - 3,674 8,908 Substandard - - 888 - 2,380 25 353 - 3,646 Total loans $ 50,260 $ 450,870 $ 8,563 $ 68,572 $ 78,292 $ 1,146 $ 37,357 $ 37,274 $ 732,334 December 31, 2018 Pass $ 20,263 $ 457,150 $ 10,045 $ 62,604 $ 77,254 $ 1,273 $ 35,698 $ 35,813 $ 700,100 Special mention - 2,868 - - 2,898 - - 2,263 8,029 Substandard - 683 906 - 2,100 41 43 - 3,773 Total loans $ 20,263 $ 460,701 $ 10,951 $ 62,604 $ 82,252 $ 1,314 $ 35,741 $ 38,076 $ 711,902 Allowance for Loan Losses. 310, 450, not The level of the allowance reflects management’s continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, present economic, political and regulatory conditions and unidentified losses inherent in the current loan portfolio. Portions of the allowance may The Company’s allowance for loan losses consists of three 310 450 450 The allowances established for probable losses on specific loans are based on a regular analysis and evaluation of problem loans. Loans are classified based on an internal credit risk grading process that evaluates, among other things: (i) the obligor’s ability to repay; (ii) the underlying collateral, if any; and (iii) the economic environment and industry in which the borrower operates. This analysis is performed at the relationship manager level for all commercial loans. When a loan has a calculated grade of 5 Historical valuation allowances are calculated based on the historical loss experience of specific types of loans and the internal risk grade of such loans at the time they were charged-off. The Company calculates historical loss ratios for pools of similar loans with similar characteristics based on the proportion of actual charge-offs experienced to the total population of loans in the pool. The historical loss ratios are periodically updated based on actual charge-off experience. A historical valuation allowance is established for each pool of similar loans based upon the product of the historical loss ratio and the total dollar amount of the loans in the pool. The Company’s pools of similar loans include similarly risk-graded groups of commercial and industrial loans, commercial real estate loans, consumer real estate loans and consumer and other loans. General valuation allowances are based on general economic conditions and other qualitative risk factors both internal and external to the Bank and the Company. In general, such valuation allowances are determined by evaluating, among other things: (i) the experience, ability and effectiveness of the Bank’s lending management and staff; (ii) the effectiveness of the Bank’s loan policies, procedures and internal controls; (iii) changes in asset quality; (iv) changes in loan portfolio volume; (v) the composition and concentrations of credit; (vi) the impact of competition on loan structuring and pricing; (vii) the effectiveness of the internal loan review function; (viii) the impact of environmental risks on portfolio risks; and (ix) the impact of rising interest rates on portfolio risk. Management evaluates the degree of risk that each one Included in the general valuation allowances are allocations for groups of similar loans with risk characteristics that exceed certain concentration limits established by management. Concentration risk limits have been established, among other things, for certain industry concentrations, large balance and highly leveraged credit relationships that exceed specified risk grades, and loans originated with policy exceptions that exceed specified risk grades. Loans identified as losses by management, internal loan review and/or bank examiners are charged-off. Furthermore, consumer loan accounts are charged-off automatically based on regulatory requirements. The following table details activity in the allowance for loan losses by portfolio segment for the three nine September 30, 2019 2018. one not Allowance for Loan Losses For the Three and Nine Months Ended September 30, 2019 and 2018 Commercial Commercial Consumer (in thousands) Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Three Months Ended September 30, 2019 Beginning balance $ 6,675 $ 1,095 $ 33 $ 292 $ 672 $ 3 $ 8,770 Charge-offs 0 0 (6 ) 0 0 0 (6 ) Recoveries 0 0 1 0 0 0 1 Provision for (reversal of) loan losses 210 (77 ) 6 26 33 42 240 Ending balance $ 6,885 $ 1,018 $ 34 $ 318 $ 705 $ 45 $ 9,005 Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Nine Months Ended September 30, 2019 Beginning balance $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 Charge-offs 0 0 (20 ) 0 0 0 (20 ) Recoveries 0 0 4 1 0 0 5 Provision for (reversal of) loan losses 305 (47 ) 11 13 12 41 335 Ending balance $ 6,885 $ 1,018 $ 34 $ 318 $ 705 $ 45 $ 9,005 (in thousands) Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Three Months Ended September 30, 2018 Beginning balance $ 6,022 $ 873 $ 22 $ 304 $ 698 $ 243 $ 8,162 Charge-offs 0 0 (11 ) (17 ) 0 0 (28 ) Recoveries 0 0 1 0 0 0 1 Provision for (reversal of) loan losses 83 82 19 22 (16 ) -190 0 Ending balance $ 6,105 $ 955 $ 31 $ 309 $ 682 $ 53 $ 8,135 Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Nine Months Ended September 30, 2018 Beginning balance $ 6,331 $ 813 $ 27 $ 300 $ 693 $ 2 $ 8,166 Charge-offs 0 0 (22 ) (17 ) 0 0 (39 ) Recoveries 0 0 7 1 0 0 8 Provision for (reversal of) loan losses (226 ) 142 19 25 (11 ) 51 0 Ending balance $ 6,105 $ 955 $ 31 $ 309 $ 682 $ 53 $ 8,135 The following table details the allowance for loan losses and ending gross loan balances as of September 30, 2019 December 31, 2018, (in thousands) Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total September 30, 2019 Allowance for loan losses for loans: Individually evaluated for impairment $ 680 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680 Collectively evaluated for impairment 6,205 1,018 34 318 705 45 8,325 $ 6,885 $ 1,018 $ 34 $ 318 $ 705 $ 45 $ 9,005 Ending gross loan balances: Individually evaluated for impairment $ 888 $ 0 $ 0 $ 312 $ 0 $ 0 $ 1,200 Collectively evaluated for impairment 577,377 78,292 1,146 37,045 37,274 0 731,134 $ 578,265 $ 78,292 $ 1,146 $ 37,357 $ 37,274 $ 0 $ 732,334 December 31, 2018 Allowance for loan losses for loans: Individually evaluated for impairment $ 680 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680 Collectively evaluated for impairment 5,900 1,065 39 304 693 4 8,005 $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 Ending gross loan balances: Individually evaluated for impairment $ 906 $ 0 $ 0 $ 14 $ 0 $ 0 $ 920 Collectively evaluated for impairment 553,613 82,252 1,314 35,727 38,076 0 710,982 $ 554,519 $ 82,252 $ 1,314 $ 35,741 $ 38,076 $ 0 $ 711,902 Changes in the reserve for off-balance-sheet commitments were as follows: (in thousands) THREE MONTHS ENDED SEPTEMBER 30 , NINE MONTHS ENDED SEPTEMBER 30 , 2019 2018 2019 2018 Balance, beginning of period $ 480 $ 372 $ 396 $ 305 Provision to Operations for Off Balance Sheet Commitments (47 ) 19 37 86 Balance, end of period $ 433 $ 391 $ 433 $ 391 The method for calculating the reserve for off-balance-sheet loan commitments is based on a reserve percentage which is less than other outstanding loan types because they are at a lower risk level. This reserve percentage, based on many factors including historical losses and existing economic conditions, is evaluated by management periodically and is applied to the total undisbursed loan commitment balance to calculate the reserve for off-balance-sheet commitments. Reserves for off-balance-sheet commitments are recorded in interest payable and other liabilities on the condensed consolidated balance sheets. At September 30, 2019 December 31, 2018, $732,334,000 $711,902,000,

Note 5 - Leases

Note 5 - Leases	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 5 — LEASES We have historically entered into a number of lease arrangements under which we are the lessee. We have elected the practical expedient to rely on our original lease classification at the commencement of each lease contract, and not No. 2016 02, Leases (Topic 842 January 1, 2019. 1 2 $5,000 not not not twelve no January 1, 2019. Most of our office leases include one not not The Company determined the operating lease liability as of January 1, 2019, January 1, 2019, 7.9 3.12%. January 1, 2019, January 1, 2019 $5,246,000, January 1, 2019 $4,817,000, For the three nine September 30, 2019, $275,000 $820,000,

Note 6 - Financial Instruments

Note 6 - Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	NOTE 6 Fair values of financial instruments — September 30, 2019 December 31, 2018. not We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value: Level 1: Level 2: Level 3: In certain cases, the inputs used to measure fair value may no three nine September 30, 2019 2018. Following is a description of valuation methodologies used for assets and liabilities in the tables below: Cash and cash equivalents – 1 Restricted Equity Securities- 2 Loans receivable 2016 01 first 2018 not 3 Deposit liabilities 3 Interest receivable and payable - 2 Off-balance-sheet instruments 3 The estimated fair values of the Company’s financial instruments not September 30, 2019 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 116,394 $ 116,394 1 Restricted equity securities 4,761 4,761 2 Loans, net 722,446 717,148 3 Interest receivable 3,199 3,199 2 Financial liabilities: Deposits (977,993 ) (977,736 ) 3 Interest payable (29 ) (29 ) 2 Off-balance-sheet assets (liabilities): Commitments and standby letters of credit (1,669 ) 3 The estimated fair values of the Company’s financial instruments not December 31, 2018 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 126,145 $ 126,145 1 Restricted equity securities 4,357 4,357 2 Loans, net 702,220 697,369 3 Interest receivable 3,755 3,755 2 Financial liabilities: Deposits (986,495 ) (986,096 ) 3 Interest payable (40 ) (40 ) 2 Off-balance-sheet assets (liabilities): Commitments and standby letters of credit (1,539 ) 3 The following table presents the carrying value of recurring and nonrecurring financial instruments that were measured at fair value and that were still held in the condensed consolidated balance sheets at each respective period end, by level within the fair value hierarchy as of September 30, 2019 December 31, 2018. Fair Value Measurements as of September 30 , 2019 Using (in thousands) September 30 , 2019 Quoted Prices Significant Significant Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 31,510 $ 0 $ 31,510 $ 0 Collateralized mortgage obligations 1,680 0 1,680 0 Municipalities 93,265 0 93,265 0 SBA pools 6,982 0 6,982 0 Corporate debt 18,927 0 18,927 0 Asset backed securities 41,237 0 41,237 0 Equity Securities:* Mutual fund $ 3,283 $ 3,283 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Land $ 520 $ 0 $ 0 $ 520 Fair Value Measurements as of Dec ember 3 1 , 2018 Using (in thousands) Dec ember 3 1 , 2018 Quoted Prices Significant Significant Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 44,106 $ 0 $ 44,106 $ 0 Collateralized mortgage obligations 2,012 0 2,012 0 Municipalities 93,237 0 93,237 0 SBA pools 8,673 0 8,673 0 Corporate debt 20,587 0 20,587 0 Asset backed securities 38,097 0 38,097 0 Equity Securities:* Mutual fund $ 3,106 $ 3,106 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Land $ 226 $ 0 $ 0 $ 226 Consumer residential 14 0 0 14 * Effective January 1, 2018, 2016 01, 2 Available-for-sale and equity securities - not 1 2 3 Impaired loans 820 310, Accounting by Creditors for Impairment of a Loan not not 3. not no 3. Other Real Estate Owned 3 Net realizable value of the underlying collateral is the fair value of the collateral less estimated selling costs and any prior liens. Appraisals, recent comparable sales, offers and listing prices are factored in when valuing the collateral. The Company reviews and verifies the qualifications and licenses of the certified general appraisers used for appraising commercial properties or certified residential appraisers for residential properties. Real estate appraisals may 6% may No three nine September 30, 2019. There have been no nine September 30, 2019.

Note 7 - Earnings Per Share

Note 7 - Earnings Per Share	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 7 – EARNINGS PER SHARE Earnings per share (“EPS”) are based upon the weighted average number of common shares outstanding during each year. The following table shows: ( 1 2 3 two two not The Company’s calculation of basic and diluted EPS for the three nine September 30, 2019 2018 THREE MONTHS ENDED (In thousands) SEPTEMBER 30, 201 9 201 8 BASIC EARNINGS PER SHARE Net income $ 3,231 $ 3,165 Weighted average shares outstanding 8,105 8,084 Net income per common share $ 0.40 $ 0.39 DILUTED EARNINGS PER SHARE Net income $ 3,231 $ 3,165 Weighted average shares outstanding 8,105 8,084 Effect of dilutive stock options 0 2 Effect of dilutive non-vested restricted shares 15 18 Weighted average shares of common stock and common stock equivalents 8,120 8,104 Net income per diluted common share $ 0.40 $ 0.39 NINE MONTHS ENDED (In thousands) SEPTEMBER 30, 201 9 201 8 BASIC EARNINGS PER SHARE Net income $ 9,297 $ 8,558 Weighted average shares outstanding 8,100 8,080 Net income per common share $ 1.15 $ 1.06 DILUTED EARNINGS PER SHARE Net income $ 9,297 $ 8,558 Weighted average shares outstanding 8,100 8,080 Effect of dilutive stock options 0 2 Effect of dilutive non-vested restricted shares 13 19 Weighted average shares of common stock and common stock equivalents 8,113 8,101 Net income per diluted common share $ 1.15 $ 1.06 During the three nine September 30, 2019 2018, no three nine September 30, 2019, 72,184 52,691 not 2018, no

Note 3 - Securities (Tables)

Note 3 - Securities (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Available-for-sale Securities [Table Text Block]	(dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 31,026 $ 510 $ (26 ) $ 31,510 Collateralized mortgage obligations 1,680 9 (9 ) 1,680 Municipalities 89,616 3,650 (1 ) 93,265 SBA pools 6,982 18 (18 ) 6,982 Corporate debt 19,253 143 (469 ) 18,927 Asset backed securities 41,523 102 (388 ) 41,237 $ 190,080 $ 4,432 $ (911 ) $ 193,601 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 44,474 $ 135 $ (503 ) $ 44,106 Collateralized mortgage obligations 2,071 0 (59 ) 2,012 Municipalities 92,257 1,404 (424 ) 93,237 SBA pools 8,707 13 (47 ) 8,673 Corporate debt 21,426 62 (901 ) 20,587 Asset backed securities 38,395 119 (417 ) 38,097 $ 207,330 $ 1,733 $ (2,351 ) $ 206,712
Schedule of Unrealized Loss on Investments [Table Text Block]	(dollars in thousands) Less than 12 months 12 months or more Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. agencies $ 0 0 $ 3,395 $ (26 ) $ 3,395 $ (26 ) Collateralized mortgage obligations 0 0 689 (9 ) 689 (9 ) Municipalities 0 0 412 (1 ) 412 (1 ) SBA pools 0 0 3,918 (18 ) 3,918 (18 ) Corporate debt 998 (2 ) 8,845 (467 ) 9,843 (469 ) Asset backed securities 9,522 (97 ) 19,927 (291 ) 29,449 (388 ) Total temporarily impaired securities $ 10,520 $ (99 ) $ 37,186 $ (812 ) $ 47,706 $ (911 ) (dollars in thousands) Less than 12 months 12 months or more Total Description of Securities Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. agencies $ 22,007 $ (230 ) $ 11,972 $ (273 ) $ 33,979 $ (503 ) Collateralized mortgage obligations 93 (1 ) 1,917 (58 ) 2,010 (59 ) Municipalities 9,630 (55 ) 26,559 (369 ) 36,189 (424 ) SBA pools 3,284 (8 ) 3,726 (39 ) 7,010 (47 ) Corporate debt 3,999 (59 ) 11,645 (842 ) 15,644 (901 ) Asset backed securities 23,604 (412 ) 1,853 (5 ) 25,457 (417 ) Total temporarily impaired securities $ 62,617 $ (765 ) $ 57,672 $ (1,586 ) $ 120,289 $ (2,351 )
Investments Classified by Contractual Maturity Date [Table Text Block]	(dollars in thousands) Amortized Fair Cost Value Available-for-sale securities: Due in one year or less $ 32,877 $ 33,086 Due after one year through five years 47,129 48,685 Due after five years through ten years 40,975 41,936 Due after ten years 69,099 69,894 $ 190,080 $ 193,601

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(in thousands) September 30, 2019 December 31, 2018 Commercial real estate: Commercial real estate- construction $ 50,260 $ 20,263 Commercial real estate- mortgages 450,870 460,701 Land 8,563 10,951 Farmland 68,572 62,604 Commercial and industrial 78,292 82,252 Consumer 1,146 1,314 Consumer residential 37,357 35,741 Agriculture 37,274 38,076 Total loans 732,334 711,902 Less: Deferred loan fees and costs, net (883 ) (997 ) Allowance for loan losses (9,005 ) (8,685 ) Net loans $ 722,446 $ 702,220
Financing Receivable, Nonaccrual [Table Text Block]	(in thousands) September 30, 2019 December 31, 2018 Commercial real estate: Commercial real estate- construction $ 0 $ 0 Commercial real estate- mortgages 0 0 Land 888 906 Farmland 0 0 Commercial and industrial 0 0 Consumer 0 0 Consumer residential 312 14 Agriculture 0 0 Total non-accrual loans $ 1,200 $ 920
Financing Receivable, Past Due [Table Text Block]	September 30, 2019 30-59 Days Past Due 60-90 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Greater Than 90 Days Past Due and Still Accruing Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 50,260 $ 50,260 $ 0 Commercial R.E. - mortgages 0 0 0 0 450,870 450,870 0 Land 0 0 0 0 8,563 8,563 0 Farmland 0 0 0 0 68,572 68,572 0 Commercial and industrial 0 0 0 0 78,292 78,292 0 Consumer 0 0 0 0 1,146 1,146 0 Consumer residential 0 312 0 312 37,045 37,357 0 Agriculture 0 0 0 0 37,274 37,274 0 Total $ 0 $ 312 $ 0 $ 312 $ 732,022 $ 732,334 $ 0 December 31, 2018 30-59 Days Past Due 60-90 Days Past Due Greater Than 90 Days Past Due Total Past Due Current Total Greater Than 90 Days Past Due and Still Accruing Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 20,263 $ 20,263 $ 0 Commercial R.E. - mortgages 0 0 0 0 460,701 460,701 0 Land 0 0 906 906 10,045 10,951 0 Farmland 0 0 0 0 62,604 62,604 0 Commercial and industrial 0 2,100 0 2,100 80,152 82,252 0 Consumer 0 0 0 0 1,314 1,314 0 Consumer residential 0 62 0 62 35,679 35,741 0 Agriculture 0 0 0 0 38,076 38,076 0 Total $ 0 $ 2,162 $ 906 $ 3,068 $ 708,834 $ 711,902 $ 0
Impaired Financing Receivables [Table Text Block]	(in thousands) Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance September 30, 2019 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 Land 895 0 888 888 680 Farmland 0 0 0 0 0 Commercial and Industrial 0 0 0 0 0 Consumer 0 0 0 0 0 Consumer residential 312 312 0 312 0 Agriculture 0 0 0 0 0 Total $ 1,207 $ 312 $ 888 $ 1,200 $ 680 (in thousands) Average Recorded Investment for the Average Recorded Investment for the 2019 2018 2019 2018 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 Land 890 942 901 2,018 Farmland 0 0 0 0 Commercial and Industrial 0 105 0 304 Consumer 0 0 0 0 Consumer residential 126 14 51 96 Agriculture 0 0 0 0 Total $ 1,016 $ 1,061 $ 952 $ 2,418 (in thousands) Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance Average Recorded Investment December 31, 2018 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 0 Land 1,222 0 906 906 680 958 Farmland 0 0 0 0 0 0 Commercial and Industrial 32 0 0 0 0 176 Consumer 0 0 0 0 0 0 Consumer residential 15 14 0 14 0 14 Agriculture 0 0 0 0 0 0 Total $ 1,269 $ 14 $ 906 $ 920 $ 680 $ 1,148
Financing Receivable Credit Quality Indicators [Table Text Block]	(in thousands) Commercial R.E. Commercial R.E. Land Farmland Commercial and Industrial Consumer Consumer Residential Agriculture Total September 30, 2019 Pass $ 50,260 $ 448,066 $ 7,675 $ 66,967 $ 75,087 $ 1,121 $ 37,004 $ 33,600 $ 719,780 Special mention - 2,804 - 1,605 825 - - 3,674 8,908 Substandard - - 888 - 2,380 25 353 - 3,646 Total loans $ 50,260 $ 450,870 $ 8,563 $ 68,572 $ 78,292 $ 1,146 $ 37,357 $ 37,274 $ 732,334 December 31, 2018 Pass $ 20,263 $ 457,150 $ 10,045 $ 62,604 $ 77,254 $ 1,273 $ 35,698 $ 35,813 $ 700,100 Special mention - 2,868 - - 2,898 - - 2,263 8,029 Substandard - 683 906 - 2,100 41 43 - 3,773 Total loans $ 20,263 $ 460,701 $ 10,951 $ 62,604 $ 82,252 $ 1,314 $ 35,741 $ 38,076 $ 711,902
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Allowance for Loan Losses For the Three and Nine Months Ended September 30, 2019 and 2018 Commercial Commercial Consumer (in thousands) Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Three Months Ended September 30, 2019 Beginning balance $ 6,675 $ 1,095 $ 33 $ 292 $ 672 $ 3 $ 8,770 Charge-offs 0 0 (6 ) 0 0 0 (6 ) Recoveries 0 0 1 0 0 0 1 Provision for (reversal of) loan losses 210 (77 ) 6 26 33 42 240 Ending balance $ 6,885 $ 1,018 $ 34 $ 318 $ 705 $ 45 $ 9,005 Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Nine Months Ended September 30, 2019 Beginning balance $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 Charge-offs 0 0 (20 ) 0 0 0 (20 ) Recoveries 0 0 4 1 0 0 5 Provision for (reversal of) loan losses 305 (47 ) 11 13 12 41 335 Ending balance $ 6,885 $ 1,018 $ 34 $ 318 $ 705 $ 45 $ 9,005 (in thousands) Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Three Months Ended September 30, 2018 Beginning balance $ 6,022 $ 873 $ 22 $ 304 $ 698 $ 243 $ 8,162 Charge-offs 0 0 (11 ) (17 ) 0 0 (28 ) Recoveries 0 0 1 0 0 0 1 Provision for (reversal of) loan losses 83 82 19 22 (16 ) -190 0 Ending balance $ 6,105 $ 955 $ 31 $ 309 $ 682 $ 53 $ 8,135 Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Nine Months Ended September 30, 2018 Beginning balance $ 6,331 $ 813 $ 27 $ 300 $ 693 $ 2 $ 8,166 Charge-offs 0 0 (22 ) (17 ) 0 0 (39 ) Recoveries 0 0 7 1 0 0 8 Provision for (reversal of) loan losses (226 ) 142 19 25 (11 ) 51 0 Ending balance $ 6,105 $ 955 $ 31 $ 309 $ 682 $ 53 $ 8,135 (in thousands) Commercial Commercial Consumer Real Estate and Industrial Consumer Residential Agriculture Unallocated Total September 30, 2019 Allowance for loan losses for loans: Individually evaluated for impairment $ 680 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680 Collectively evaluated for impairment 6,205 1,018 34 318 705 45 8,325 $ 6,885 $ 1,018 $ 34 $ 318 $ 705 $ 45 $ 9,005 Ending gross loan balances: Individually evaluated for impairment $ 888 $ 0 $ 0 $ 312 $ 0 $ 0 $ 1,200 Collectively evaluated for impairment 577,377 78,292 1,146 37,045 37,274 0 731,134 $ 578,265 $ 78,292 $ 1,146 $ 37,357 $ 37,274 $ 0 $ 732,334 December 31, 2018 Allowance for loan losses for loans: Individually evaluated for impairment $ 680 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680 Collectively evaluated for impairment 5,900 1,065 39 304 693 4 8,005 $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 Ending gross loan balances: Individually evaluated for impairment $ 906 $ 0 $ 0 $ 14 $ 0 $ 0 $ 920 Collectively evaluated for impairment 553,613 82,252 1,314 35,727 38,076 0 710,982 $ 554,519 $ 82,252 $ 1,314 $ 35,741 $ 38,076 $ 0 $ 711,902
Change in Allowance for Loan Losses [Table Text Block]	(in thousands) THREE MONTHS ENDED SEPTEMBER 30 , NINE MONTHS ENDED SEPTEMBER 30 , 2019 2018 2019 2018 Balance, beginning of period $ 480 $ 372 $ 396 $ 305 Provision to Operations for Off Balance Sheet Commitments (47 ) 19 37 86 Balance, end of period $ 433 $ 391 $ 433 $ 391
Weighted Average [Member]
Notes Tables
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2019 December 31, 2018 Weighted Average Risk Grade Weighted Average Risk Grade Commercial real estate: Commercial real estate - construction 3.00 3.00 Commercial real estate - mortgages 3.01 3.02 Land 3.72 3.58 Farmland 3.05 3.00 Commercial and industrial 3.05 3.08 Consumer 2.16 2.31 Consumer residential 3.03 3.01 Agriculture 3.20 3.12 Total gross loans 3.04 3.04

Note 6 - Financial Instrument_2

Note 6 - Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 116,394 $ 116,394 1 Restricted equity securities 4,761 4,761 2 Loans, net 722,446 717,148 3 Interest receivable 3,199 3,199 2 Financial liabilities: Deposits (977,993 ) (977,736 ) 3 Interest payable (29 ) (29 ) 2 Off-balance-sheet assets (liabilities): Commitments and standby letters of credit (1,669 ) 3 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 126,145 $ 126,145 1 Restricted equity securities 4,357 4,357 2 Loans, net 702,220 697,369 3 Interest receivable 3,755 3,755 2 Financial liabilities: Deposits (986,495 ) (986,096 ) 3 Interest payable (40 ) (40 ) 2 Off-balance-sheet assets (liabilities): Commitments and standby letters of credit (1,539 ) 3
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value Measurements as of September 30 , 2019 Using (in thousands) September 30 , 2019 Quoted Prices Significant Significant Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 31,510 $ 0 $ 31,510 $ 0 Collateralized mortgage obligations 1,680 0 1,680 0 Municipalities 93,265 0 93,265 0 SBA pools 6,982 0 6,982 0 Corporate debt 18,927 0 18,927 0 Asset backed securities 41,237 0 41,237 0 Equity Securities:* Mutual fund $ 3,283 $ 3,283 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Land $ 520 $ 0 $ 0 $ 520 Fair Value Measurements as of Dec ember 3 1 , 2018 Using (in thousands) Dec ember 3 1 , 2018 Quoted Prices Significant Significant Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 44,106 $ 0 $ 44,106 $ 0 Collateralized mortgage obligations 2,012 0 2,012 0 Municipalities 93,237 0 93,237 0 SBA pools 8,673 0 8,673 0 Corporate debt 20,587 0 20,587 0 Asset backed securities 38,097 0 38,097 0 Equity Securities:* Mutual fund $ 3,106 $ 3,106 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Land $ 226 $ 0 $ 0 $ 226 Consumer residential 14 0 0 14

Note 7 - Earnings Per Share (Ta

Note 7 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	THREE MONTHS ENDED (In thousands) SEPTEMBER 30, 201 9 201 8 BASIC EARNINGS PER SHARE Net income $ 3,231 $ 3,165 Weighted average shares outstanding 8,105 8,084 Net income per common share $ 0.40 $ 0.39 DILUTED EARNINGS PER SHARE Net income $ 3,231 $ 3,165 Weighted average shares outstanding 8,105 8,084 Effect of dilutive stock options 0 2 Effect of dilutive non-vested restricted shares 15 18 Weighted average shares of common stock and common stock equivalents 8,120 8,104 Net income per diluted common share $ 0.40 $ 0.39 NINE MONTHS ENDED (In thousands) SEPTEMBER 30, 201 9 201 8 BASIC EARNINGS PER SHARE Net income $ 9,297 $ 8,558 Weighted average shares outstanding 8,100 8,080 Net income per common share $ 1.15 $ 1.06 DILUTED EARNINGS PER SHARE Net income $ 9,297 $ 8,558 Weighted average shares outstanding 8,100 8,080 Effect of dilutive stock options 0 2 Effect of dilutive non-vested restricted shares 13 19 Weighted average shares of common stock and common stock equivalents 8,113 8,101 Net income per diluted common share $ 1.15 $ 1.06

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Jul. 03, 2008shares
Conversion of Stock Shares Converted for Each Outstanding Share of Wholly Owned Subsidiary	1

Note 2 - Recent Accounting Pr_2

Note 2 - Recent Accounting Pronouncements (Details Textual) - Accounting Standards Update 2018-02 [Member]	Jan. 01, 2018USD ($)
AOCI Attributable to Parent [Member]
Reclassification from AOCI to Retained Earnings Tax Effect	$ 163,000
Retained Earnings [Member]
Reclassification from AOCI to Retained Earnings Tax Effect	$ (163,000)

Note 3 - Securities (Details Te

Note 3 - Securities (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Equity Securities, FV-NI	$ 3,283,000		$ 3,283,000		$ 3,106,000
Equity Securities, FV-NI, Realized Gain (Loss), Total			0
Equity Securities, FV-NI, Unrealized Gain (Loss), Total			108,000	$ (115,000)
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total			0
Debt Securities, Available-for-sale, Realized Gain	$ 27,000	$ 3,000	$ 137,000	10,000
Number of Debt Securities, Available-for-sale, Sold	0		0
Security Owned and Pledged as Collateral, Fair Value, Total	$ 128,721,000		$ 128,721,000		$ 118,771,000
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	1		1
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	6		6
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	1		1
US Government Agencies Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	5		5
Debt Securities, Available-for-sale, Realized Gain				$ 70,000
Number of Debt Securities, Available-for-sale, Sold				1
SBA Pool [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	5		5
Asset-backed Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	10		10
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	5		5
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	2		2

Note 3 - Securities - Amortized

Note 3 - Securities - Amortized Cost and Estimated Fair Values of Debt Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available-for-sale securities, amortized cost	$ 190,080	$ 207,330
Available-for-sale securities, gross unrealized gains	4,432	1,733
Available-for-sale securities, gross unrealized losses	(911)	(2,351)
Available-for-sale securities, fair market value	193,601	206,712
US Government Agencies Debt Securities [Member]
Available-for-sale securities, amortized cost	31,026	44,474
Available-for-sale securities, gross unrealized gains	510	135
Available-for-sale securities, gross unrealized losses	(26)	(503)
Available-for-sale securities, fair market value	31,510	44,106
Collateralized Mortgage Obligations [Member]
Available-for-sale securities, amortized cost	1,680	2,071
Available-for-sale securities, gross unrealized gains	9	0
Available-for-sale securities, gross unrealized losses	(9)	(59)
Available-for-sale securities, fair market value	1,680	2,012
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, amortized cost	89,616	92,257
Available-for-sale securities, gross unrealized gains	3,650	1,404
Available-for-sale securities, gross unrealized losses	(1)	(424)
Available-for-sale securities, fair market value	93,265	93,237
SBA Pool [Member]
Available-for-sale securities, amortized cost	6,982	8,707
Available-for-sale securities, gross unrealized gains	18	13
Available-for-sale securities, gross unrealized losses	(18)	(47)
Available-for-sale securities, fair market value	6,982	8,673
Corporate Debt Securities [Member]
Available-for-sale securities, amortized cost	19,253	21,426
Available-for-sale securities, gross unrealized gains	143	62
Available-for-sale securities, gross unrealized losses	(469)	(901)
Available-for-sale securities, fair market value	18,927	20,587
Asset-backed Securities [Member]
Available-for-sale securities, amortized cost	41,523	38,395
Available-for-sale securities, gross unrealized gains	102	119
Available-for-sale securities, gross unrealized losses	(388)	(417)
Available-for-sale securities, fair market value	$ 41,237	$ 38,097

Note 3 - Securities - Securitie

Note 3 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Less than 12 months, fair value	$ 10,520	$ 62,617
Less than 12 months, unrealized loss	(99)	(765)
12 months or more, fair value	37,186	57,672
12 months or more, unrealized loss	(812)	(1,586)
Fair value	47,706	120,289
Unrealized loss	(911)	(2,351)
US Government Agencies Debt Securities [Member]
Less than 12 months, fair value	0	22,007
Less than 12 months, unrealized loss	0	(230)
12 months or more, fair value	3,395	11,972
12 months or more, unrealized loss	(26)	(273)
Fair value	3,395	33,979
Unrealized loss	(26)	(503)
Collateralized Mortgage Obligations [Member]
Less than 12 months, fair value	0	93
Less than 12 months, unrealized loss	0	(1)
12 months or more, fair value	689	1,917
12 months or more, unrealized loss	(9)	(58)
Fair value	689	2,010
Unrealized loss	(9)	(59)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value	0	9,630
Less than 12 months, unrealized loss	0	(55)
12 months or more, fair value	412	26,559
12 months or more, unrealized loss	(1)	(369)
Fair value	412	36,189
Unrealized loss	(1)	(424)
SBA Pool [Member]
Less than 12 months, fair value	0	3,284
Less than 12 months, unrealized loss	0	(8)
12 months or more, fair value	3,918	3,726
12 months or more, unrealized loss	(18)	(39)
Fair value	3,918	7,010
Unrealized loss	(18)	(47)
Corporate Debt Securities [Member]
Less than 12 months, fair value	998	3,999
Less than 12 months, unrealized loss	(2)	(59)
12 months or more, fair value	8,845	11,645
12 months or more, unrealized loss	(467)	(842)
Fair value	9,843	15,644
Unrealized loss	(469)	(901)
Asset-backed Securities [Member]
Less than 12 months, fair value	9,522	23,604
Less than 12 months, unrealized loss	(97)	(412)
12 months or more, fair value	19,927	1,853
12 months or more, unrealized loss	(291)	(5)
Fair value	29,449	25,457
Unrealized loss	$ (388)	$ (417)

Note 3 - Securities - Contractu

Note 3 - Securities - Contractual Maturity or Call Date (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Due in one year or less, amortized cost	$ 32,877
Due in one year or less, fair value	33,086
Due after one year through five years, amortized cost	47,129
Due after one year through five years, fair value	48,685
Due after five years through ten years, amortized cost	40,975
Due after five years through ten years, fair value	41,936
Due after ten years, amortized cost	69,099
Due after ten years, fair value	69,894
Amortized cost	190,080	$ 207,330
Fair Value	$ 193,601	$ 206,712

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Loans and Leases Receivable, Percentage of Outstanding Principal Balance Secured by Owner Occupied Properties	41.00%		41.00%		40.00%
Underwriting Standards, Loan to Value Percentage	80.00%		80.00%
Underwriting Standards, Housing Percentage	36.00%		36.00%
Underwriting Standards, Total Debt Ratio	42.00%		42.00%
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 14,000	$ 16,000	$ 48,000	$ 53,000
Impaired Financing Receivable, Interest Income, Accrual Method, Total		0	$ 0	0
Financing Receivable, Modifications, Number of Contracts Held	1		1		4
Financing Receivable, Troubled Debt Restructuring	$ 888,000		$ 888,000		$ 920,000
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend	0		0		0
Allowance for Credit Losses, Trouble Debt Restructurings	680,000		680,000		680,000
Financing Receivable, Troubled Debt Restructuring, Postmodification	$ 906,000	$ 0	$ 906,000	$ 0
Financing Receivable, Modifications, Number of Contracts			0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts			0
Financing Receivable Modifications, Period Contractually Past Due for Loan to Be Considered in Payment Default			90 days
Loans and Leases Receivable, Minimum Cash Collateral Percent	110.00%		110.00%
Loans and Leases Receivable, Gross, Total	$ 732,334,000		$ 732,334,000		711,902,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	732,334,000		$ 732,334,000		711,902,000
Substandard [Member]
Financing Receivable, Rating Example Disbursement to Unsecured Creditors by Illusory Company in Liquidation, Percentage			40.00%
Loans and Leases Receivable, Gross, Total	3,646,000		$ 3,646,000		3,773,000
Doubtful [Member]
Financing Receivable Rating Example, Percentage of Loans Classified in Rating Category			25.00%
Unlikely to be Collected Financing Receivable [Member]
Financing Receivable Rating Example, Percentage of Loans Classified in Rating Category			35.00%
Loans and Leases Receivable, Gross, Total	$ 0		$ 0		0
Minimum [Member]
Financing Receivable, Rating Example Disbursement to Unsecured Creditors by Illusory Company in Liquidation, Percentage			40.00%
Maximum [Member]
Financing Receivable, Rating Example Disbursement to Unsecured Creditors by Illusory Company in Liquidation, Percentage			65.00%
Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	79.00%		79.00%
Loans and Leases Receivable, Gross, Total	$ 578,265,000		$ 578,265,000		554,519,000
Commercial Portfolio Segment [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	11.00%		11.00%
Loans and Leases Receivable, Gross, Total	$ 78,292,000		$ 78,292,000		82,252,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans and Leases Receivable, Gross, Total	$ 2,380,000		$ 2,380,000		2,100,000
Residential Real Estate and Other Consumer Loans [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	5.00%		5.00%
Agriculture [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	5.00%		5.00%
Loans and Leases Receivable, Gross, Total	$ 37,274,000		$ 37,274,000		38,076,000
Agriculture [Member] | Substandard [Member]
Loans and Leases Receivable, Gross, Total

Note 4 - Loans - Loans (Details

Note 4 - Loans - Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Loans	$ 732,334		$ 711,902
Deferred loan fees and costs, net	(883)		(997)
Allowance for loan losses	(9,005)	$ (8,770)	(8,685)	$ (8,135)	$ (8,162)	$ (8,166)
Net loans	722,446		702,220
Commercial Real Estate Portfolio Segment [Member]
Loans	578,265		554,519
Allowance for loan losses	(6,885)	(6,675)	(6,580)	(6,105)	(6,022)	(6,331)
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	50,260		20,263
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	450,870		460,701
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	8,563		10,951
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	68,572		62,604
Commercial Portfolio Segment [Member]
Loans	78,292		82,252
Allowance for loan losses	(1,018)	(1,095)	(1,065)	(955)	(873)	(813)
Consumer Portfolio Segment [Member]
Loans	1,146		1,314
Allowance for loan losses	(34)	(33)	(39)	(31)	(22)	(27)
Residential Portfolio Segment [Member]
Loans	37,357		35,741
Allowance for loan losses	(318)	(292)	(304)	(309)	(304)	(300)
Agriculture [Member]
Loans	37,274		38,076
Allowance for loan losses	$ (705)	$ (672)	$ (693)	$ (682)	$ (698)	$ (693)

Note 4 - Loans - Non Accrual Lo

Note 4 - Loans - Non Accrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Non-accrual loans	$ 1,200	$ 920
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Non-accrual loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Non-accrual loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Non-accrual loans	888	906
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Non-accrual loans	0	0
Commercial Portfolio Segment [Member]
Non-accrual loans	0	0
Consumer Portfolio Segment [Member]
Non-accrual loans	0	0
Residential Portfolio Segment [Member]
Non-accrual loans	312	14
Agriculture [Member]
Non-accrual loans	$ 0	$ 0

Note 4 - Loans - Aging of Past

Note 4 - Loans - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Past due	$ 312	$ 3,068
Current	732,022	708,834
Loans	732,334	711,902
Greater than 90 days past due and still accruing	0	0
Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Financial Asset, 60 to 89 Days Past Due [Member]
Past due	312	2,162
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	906
Commercial Real Estate Portfolio Segment [Member]
Loans	578,265	554,519
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Past due	0	0
Current	50,260	20,263
Loans	50,260	20,263
Greater than 90 days past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Past due	0	0
Current	450,870	460,701
Loans	450,870	460,701
Greater than 90 days past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Past due	0	906
Current	8,563	10,045
Loans	8,563	10,951
Greater than 90 days past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	906
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Past due	0	0
Current	68,572	62,604
Loans	68,572	62,604
Greater than 90 days past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Commercial Portfolio Segment [Member]
Past due	0	2,100
Current	78,292	80,152
Loans	78,292	82,252
Greater than 90 days past due and still accruing	0	0
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	2,100
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member]
Past due	0	0
Current	1,146	1,314
Loans	1,146	1,314
Greater than 90 days past due and still accruing	0	0
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Residential Portfolio Segment [Member]
Past due	312	62
Current	37,045	35,679
Loans	37,357	35,741
Greater than 90 days past due and still accruing	0	0
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	312	62
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Agriculture [Member]
Past due	0	0
Current	37,274	38,076
Loans	37,274	38,076
Greater than 90 days past due and still accruing	0	0
Agriculture [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Agriculture [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Agriculture [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	$ 0	$ 0

Note 4 - Loans - Impaired Loans

Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Unpaid contractual principal	$ 1,207		$ 1,207		$ 1,269
Recorded investment with no allowance	312		312		14
Recorded investment with allowance	888		888		906
Total recorded investment	1,200		1,200		920
Related allowance	680		680		680
Average recorded investment	1,016	$ 1,061	952	$ 2,418	1,148
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Unpaid contractual principal	0		0		0
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	0		0		0
Total recorded investment	0		0		0
Related allowance	0		0		0
Average recorded investment	0	0	0	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Unpaid contractual principal	0		0		0
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	0		0		0
Total recorded investment	0		0		0
Related allowance	0		0		0
Average recorded investment	0	0	0	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Unpaid contractual principal	895		895		1,222
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	888		888		906
Total recorded investment	888		888		906
Related allowance	680		680		680
Average recorded investment	890	942	901	2,018	958
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Unpaid contractual principal	0		0		0
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	0		0		0
Total recorded investment	0		0		0
Related allowance	0		0		0
Average recorded investment	0	0	0	0	0
Commercial Portfolio Segment [Member]
Unpaid contractual principal	0		0		32
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	0		0		0
Total recorded investment	0		0		0
Related allowance	0		0		0
Average recorded investment	0	105	0	304	176
Consumer Portfolio Segment [Member]
Unpaid contractual principal	0		0		0
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	0		0		0
Total recorded investment	0		0		0
Related allowance	0		0		0
Average recorded investment	0	0	0	0	0
Residential Portfolio Segment [Member]
Unpaid contractual principal	312		312		15
Recorded investment with no allowance	312		312		14
Recorded investment with allowance	0		0		0
Total recorded investment	312		312		14
Related allowance	0		0		0
Average recorded investment	126	14	51	96	14
Agriculture [Member]
Unpaid contractual principal	0		0		0
Recorded investment with no allowance	0		0		0
Recorded investment with allowance	0		0		0
Total recorded investment	0		0		0
Related allowance	0		0		0
Average recorded investment	$ 0	$ 0	$ 0	$ 0	$ 0

Note 4 - Loans - Weighted Avera

Note 4 - Loans - Weighted Average Risk Grades of Loan Portfolio (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Weighted average risk grade of loans	3.04	3.04
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Weighted average risk grade of loans	3	3
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Weighted average risk grade of loans	3.01	3.02
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Weighted average risk grade of loans	3.72	3.58
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Weighted average risk grade of loans	3.05	3
Commercial Portfolio Segment [Member]
Weighted average risk grade of loans	3.05	3.08
Consumer Portfolio Segment [Member]
Weighted average risk grade of loans	2.16	2.31
Residential Portfolio Segment [Member]
Weighted average risk grade of loans	3.03	3.01
Agriculture [Member]
Weighted average risk grade of loans	3.2	3.12

Note 4 - Loans - Loans by Credi

Note 4 - Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans	$ 732,334	$ 711,902
Commercial Real Estate Portfolio Segment [Member]
Loans	578,265	554,519
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	50,260	20,263
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	450,870	460,701
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	8,563	10,951
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	68,572	62,604
Commercial Portfolio Segment [Member]
Loans	78,292	82,252
Consumer Portfolio Segment [Member]
Loans	1,146	1,314
Residential Portfolio Segment [Member]
Loans	37,357	35,741
Agriculture [Member]
Loans	37,274	38,076
Pass [Member]
Loans	719,780	700,100
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	50,260	20,263
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	448,066	457,150
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	7,675	10,045
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	66,967	62,604
Pass [Member] | Commercial Portfolio Segment [Member]
Loans	75,087	77,254
Pass [Member] | Consumer Portfolio Segment [Member]
Loans	1,121	1,273
Pass [Member] | Residential Portfolio Segment [Member]
Loans	37,004	35,698
Pass [Member] | Agriculture [Member]
Loans	33,600	35,813
Special Mention [Member]
Loans	8,908	8,029
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	2,804	2,868
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	1,605
Special Mention [Member] | Commercial Portfolio Segment [Member]
Loans	825	2,898
Special Mention [Member] | Consumer Portfolio Segment [Member]
Loans
Special Mention [Member] | Residential Portfolio Segment [Member]
Loans
Special Mention [Member] | Agriculture [Member]
Loans	3,674	2,263
Substandard [Member]
Loans	3,646	3,773
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans		683
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	888	906
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans
Substandard [Member] | Commercial Portfolio Segment [Member]
Loans	2,380	2,100
Substandard [Member] | Consumer Portfolio Segment [Member]
Loans	25	41
Substandard [Member] | Residential Portfolio Segment [Member]
Loans	353	43
Substandard [Member] | Agriculture [Member]
Loans

Note 4 - Loans - Allowance for

Note 4 - Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Dec. 31, 2018
Beginning balance	$ 8,770	$ 8,162	$ 8,685	$ 8,166
Charge-offs	(6)	(28)	(20)	(39)
Recoveries	1	1	5	8
Provision for loan losses	240	0	335	0
Ending balance	9,005	8,135	9,005	8,135
Individually evaluated for impairment					$ 680	$ 680
Collectively evaluated for impairment					8,325	8,005
	9,005	8,162	9,005	8,135	9,005	8,685
Individually evaluated for impairment					1,200	920
Collectively evaluated for impairment					731,134	710,982
					732,334	711,902
Commercial Real Estate Portfolio Segment [Member]
Beginning balance	6,675	6,022	6,580	6,331
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision for loan losses	210	83	305	(226)
Ending balance	6,885	6,105	6,885	6,105
Individually evaluated for impairment					680	680
Collectively evaluated for impairment					6,205	5,900
	6,675	6,022	6,885	6,105	6,885	6,580
Individually evaluated for impairment					888	906
Collectively evaluated for impairment					577,377	553,613
					578,265	554,519
Commercial Portfolio Segment [Member]
Beginning balance	1,095	873	1,065	813
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision for loan losses	(77)	82	(47)	142
Ending balance	1,018	955	1,018	955
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					1,018	1,065
	1,095	873	1,018	955	1,018	1,065
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					78,292	82,252
					78,292	82,252
Consumer Portfolio Segment [Member]
Beginning balance	33	22	39	27
Charge-offs	(6)	(11)	(20)	(22)
Recoveries	1	1	4	7
Provision for loan losses	6	19	11	19
Ending balance	34	31	34	31
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					34	39
	33	22	34	31	34	39
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					1,146	1,314
					1,146	1,314
Residential Portfolio Segment [Member]
Beginning balance	292	304	304	300
Charge-offs	0	(17)	0	(17)
Recoveries	0	0	1	1
Provision for loan losses	26	22	13	25
Ending balance	318	309	318	309
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					318	304
	292	304	318	309	318	304
Individually evaluated for impairment					312	14
Collectively evaluated for impairment					37,045	35,727
					37,357	35,741
Agriculture [Member]
Beginning balance	672	698	693	693
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision for loan losses	33	(16)	12	(11)
Ending balance	705	682	705	682
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					705	693
	672	698	705	682	705	693
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					37,274	38,076
					37,274	38,076
Unallocated Financing Receivables [Member]
Beginning balance	3	243	4	2
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision for loan losses	42	190	41	51
Ending balance	45	53	45	53
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					45	4
	$ 3	$ 243	$ 45	$ 53	45	4
Individually evaluated for impairment					0	0
Collectively evaluated for impairment					0	0
					$ 0	$ 0

Note 4 - Loans - Changes in the

Note 4 - Loans - Changes in the Allowance Off Balance Sheet Commitments (Details) - SEC Schedule, 12-09, Reserve, Off-balance Sheet Activity [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Balance, beginning of period	$ 480	$ 372	$ 396	$ 305
Provision to Operations for Off Balance Sheet Commitments	(47)	19	37	86
Balance, end of period	$ 433	$ 391	$ 433	$ 391

Note 5 - Leases (Details Textua

Note 5 - Leases (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Jan. 01, 2019
Operating Lease, Weighted Average Remaining Lease Term			7 years 328 days
Operating Lease, Weighted Average Discount Rate, Percent			3.12%
Operating Lease, Liability, Total			$ 5,246,000
Operating Lease, Right-of-Use Asset			$ 4,817,000
Lease, Cost, Total	$ 275,000	$ 820,000

Note 6 - Financial Instrument_3

Note 6 - Financial Instruments and Fair Value Measurements (Details Textual)	Sep. 30, 2019
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member]
Selling Cost Discount, Measurement Input	0.06

Note 6 - Financial Instrument_4

Note 6 - Financial Instruments and Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Cash and cash equivalents	$ 116,394	$ 126,145
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	116,394	126,145
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Restricted equity securities	4,761	4,357
Interest receivable	3,199	3,755
Interest payable	(29)	(40)
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Restricted equity securities	4,761	4,357
Interest receivable	3,199	3,755
Interest payable	(29)	(40)
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Loans, net	722,446	702,220
Deposits	(977,993)	(986,495)
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Loans, net	717,148	697,369
Deposits	(977,736)	(986,096)
Commitments and standby letters of credit	$ (1,669)	$ (1,539)

Note 6 - Financial Instrument_5

Note 6 - Financial Instruments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring and Non Recurring Basis (Details) - USD ($)		Sep. 30, 2019	Dec. 31, 2018
Available-for-sale securities, fair market value		$ 193,601,000	$ 206,712,000
Equity securities		3,283,000	3,106,000
Fair Value, Nonrecurring [Member] | Consumer Portfolio Segment [Member]
Impaired loans			14,000
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member]
Impaired loans			0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member]
Impaired loans			0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member]
Impaired loans			14,000
US Government Agencies Debt Securities [Member]
Available-for-sale securities, fair market value		31,510,000	44,106,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		31,510,000	44,106,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, fair market value		0	0
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, fair market value		31,510,000	44,106,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, fair market value		0	0
Collateralized Mortgage Obligations [Member]
Available-for-sale securities, fair market value		1,680,000	2,012,000
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		1,680,000	2,012,000
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, fair market value		0	0
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, fair market value		1,680,000	2,012,000
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, fair market value		0	0
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, fair market value		93,265,000	93,237,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		93,265,000	93,237,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, fair market value		0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, fair market value		93,265,000	93,237,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, fair market value		0	0
SBA Pool [Member]
Available-for-sale securities, fair market value		6,982,000	8,673,000
SBA Pool [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		6,982,000	8,673,000
SBA Pool [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, fair market value		0	0
SBA Pool [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, fair market value		6,982,000	8,673,000
SBA Pool [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, fair market value		0	0
Corporate Debt Securities [Member]
Available-for-sale securities, fair market value		18,927,000	20,587,000
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		18,927,000	20,587,000
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, fair market value		0	0
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, fair market value		18,927,000	20,587,000
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, fair market value		0	0
Asset-backed Securities [Member]
Available-for-sale securities, fair market value		41,237,000	38,097,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		41,237,000	38,097,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, fair market value		0	0
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, fair market value		41,237,000	38,097,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, fair market value		0	0
Mutual Fund [Member] | Fair Value, Recurring [Member]
Equity securities	[1]	3,283,000	3,106,000
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Equity securities	[1]	3,283,000	3,106,000
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Equity securities	[1]	0	0
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Equity securities	[1]	0	0
Land Loans [Member] | Fair Value, Nonrecurring [Member]
Impaired loans		520,000	226,000
Land Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Impaired loans		0	0
Land Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Impaired loans		0	0
Land Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans		$ 520,000	$ 226,000
[1]	Effective January 1, 2018, the Company adopted ASU 2016-01, which requires equity securities with readily determinable fair values to be measured at fair value with changes in the fair value recognized through net income. See Note 2 for additional information on this accounting standard.

Note 7 - Earnings Per Share (De

Note 7 - Earnings Per Share (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2019shares	Sep. 30, 2018shares	Sep. 30, 2019shares	Sep. 30, 2018shares
Number Of Forms Of Outstanding Common Stock			2
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	72,184	0	52,691	0

Note 7 - Earnings Per Share - E

Note 7 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
BASIC EARNINGS PER SHARE
Net income	$ 3,231	$ 3,165	$ 9,297	$ 8,558
Weighted average shares outstanding (in shares)	8,105	8,084	8,100	8,080
Net income per common share (in dollars per share)	$ 0.40	$ 0.39	$ 1.15	$ 1.06
DILUTED EARNINGS PER SHARE
Net income	$ 3,231	$ 3,165	$ 9,297	$ 8,558
Weighted average shares outstanding (in shares)	8,105	8,084	8,100	8,080
Effect of dilutive stock options (in shares)	0	2	0	2
Effect of dilutive non-vested restricted shares (in shares)	15	18	13	19
Weighted average shares of common stock and common stock equivalents (in shares)	8,120	8,104	8,113	8,101
Net income per diluted share (in dollars per share)	$ 0.40	$ 0.39	$ 1.15	$ 1.06