Oak Valley Bancorp (OVLY) 10-K 13 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 02, 2020	Jun. 30, 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 Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		8,216,344
Entity Public Float			$ 132
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Stock

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 133,809,000	$ 116,425,000
Federal funds sold	13,785,000	9,720,000
Cash and cash equivalents	147,594,000	126,145,000
Securities - available for sale	190,088,000	206,712,000
Securities - equity investments	3,297,000	3,106,000
Loans, net of allowance for loan loss of $9,146 and $8,685 at December 31, 2019 and 2018, respectively	741,047,000	702,220,000
Cash surrender value of life insurance	24,631,000	19,028,000
Bank premises and equipment, net	15,229,000	14,937,000
Goodwill and other intangible assets, net	3,837,000	3,942,000
Interest receivable and other assets	22,062,000	18,797,000
	1,147,785,000	1,094,887,000
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	1,019,929,000	986,495,000
Interest payable and other liabilities	15,286,000	9,354,000
Total liabilities	1,035,215,000	995,849,000
Shareholders’ equity
Common stock, no par value; 50,000,000 shares authorized, 8,210,147 and 8,194,805 shares issued and outstanding at December 31, 2019 and 2018, respectively	25,435,000	25,429,000
Additional paid-in capital	3,777,000	3,358,000
Retained earnings	80,961,000	70,686,000
Accumulated other comprehensive income (loss), net of tax	2,397,000	(435,000)
Total shareholders’ equity	112,570,000	99,038,000
	$ 1,147,785,000	$ 1,094,887,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Net of allowance for loan loss	$ 9,146	$ 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)	8,210,147	8,194,805
Common stock, shares outstanding (in shares)	8,210,147	8,194,805

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INTEREST INCOME
Interest and fees on loans	$ 34,813	$ 31,700
Interest on securities	5,872	5,637
Interest on federal funds sold	242	191
Interest on deposits with banks	1,675	2,646
Total interest income	42,602	40,174
INTEREST EXPENSE
Deposits	1,568	1,606
Total interest expense	1,568	1,606
Net interest income	41,034	38,568
Provision for loan losses	545	555
Net interest income after provision for loan losses	40,489	38,013
NON-INTEREST INCOME
Earnings on cash surrender value of life insurance	602	511
Gains on sales and calls of securities	138	81
Gain on sale of other real estate owned	0	193
Other	1,303	1,083
Total non-interest income	5,047	4,712
NON-INTEREST EXPENSE
Salaries and employee benefits	17,400	16,287
Occupancy expenses	3,493	3,631
Data processing fees	1,907	1,707
Regulatory assessments (FDIC & DBO)	270	440
Other operating expenses	5,777	5,313
Total non-interest expense	28,847	27,378
Net income before provision for income taxes	16,689	15,347
Total provision for income taxes	4,200	3,810
Net Income	$ 12,489	$ 11,537
Net income per share (in dollars per share)	$ 1.54	$ 1.43
Net income per diluted share (in dollars per share)	$ 1.54	$ 1.42
Deposit Account [Member]
NON-INTEREST INCOME
Other income	$ 1,619	$ 1,549
Debit Card [Member]
NON-INTEREST INCOME
Other income	1,297	1,185
Mortgage Banking [Member]
NON-INTEREST INCOME
Other income	$ 88	$ 110

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 12,489	$ 11,537
Other comprehensive income:
Unrealized holding gains (losses) arising during the period	4,160	(2,173)
Less: reclassification for net gains included in net income	(138)	(81)
Other comprehensive income (loss), before tax	4,022	(2,254)
Tax (expense) benefit related to items of other comprehensive income	(1,190)	667
Total other comprehensive income (loss)	2,832	(1,587)
Comprehensive income	$ 15,321	$ 9,950

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - 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
Stock options exercised (in shares)	1,500				1,500
Stock options exercised	$ 7				$ 7
Restricted stock issued (in shares)	96,650				96,650
Restricted stock issued					$ 0
Restricted stock forfeited (in shares)	(1,950)
Restricted stock forfeited					0
Cash dividends declared			(2,117)		(2,117)
Stock based compensation		431			431
Additonal paid-in capital reclassification	649	(649)			0
Other comprehensive income (loss)				(1,587)	(1,587)
Reclassification from adoption of ASU 2016-01			(163)	163	0
Net income			11,537		11,537
Balances (in shares) at Dec. 31, 2018	8,194,805
Balances at Dec. 31, 2018	$ 25,429	3,358	70,686	(435)	$ 99,038
Stock options exercised (in shares)	1,000				1,000
Stock options exercised	$ 6				$ 6
Restricted stock issued (in shares)	26,095				26,095
Restricted stock issued					$ 0
Restricted stock forfeited (in shares)	(4,500)
Restricted stock forfeited					0
Cash dividends declared			(2,214)		(2,214)
Stock based compensation		549			549
Other comprehensive income (loss)				2,832	2,832
Net income			12,489		12,489
Restricted stock surrendered for tax withholding (in shares)	(7,253)
Restricted stock surrendered for tax withholding		(130)			(130)
Balances (in shares) at Dec. 31, 2019	8,210,147
Balances at Dec. 31, 2019	$ 25,435	$ 3,777	$ 80,961	$ 2,397	$ 112,570

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash dividends declared, per share (in dollars per share)	$ 0.27	$ 0.26

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,489,000	$ 11,537,000
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses	545,000	555,000
Decrease in deferred fees/costs, net	(205,000)	(393,000)
Depreciation	1,091,000	1,187,000
Amortization of investment securities, net	899,000	1,121,000
Stock based compensation	549,000	431,000
Gain on sale of premises and equipment	0	(2,000)
Gain on sale of OREO property	0	(193,000)
Gain on sales and calls of available for sale securities	(138,000)	(81,000)
Earnings on cash surrender value of life insurance	(602,000)	(511,000)
Increase in deferred tax asset	(229,000)	(828,000)
Increase in interest payable and other liabilities	6,527,000	558,000
Decrease (increase) in interest receivable	298,000	(584,000)
(Increase) decrease in other assets	(4,016,000)	1,643,000
Net cash from operating activities	17,209,000	14,440,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(26,181,000)	(51,700,000)
Purchases of equity securities	(90,000)	(85,000)
Proceeds from maturities, calls, and principal paydowns of securities available for sale	45,965,000	21,033,000
Investment in LIHTC	(595,000)	(1,407,000)
Net increase in loans	(39,168,000)	(49,393,000)
Purchase of FHLB Stock	(404,000)	(222,000)
Purchase of BOLI policies	(5,000,000)	0
Proceeds from sale of OREO	0	447,000
Proceeds from sales of premises and equipment	0	2,000
Purchases of premises and equipment	(1,383,000)	(1,646,000)
Net cash used in investing activities	(26,856,000)	(82,971,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder cash dividends paid	(2,214,000)	(2,117,000)
Net increase in demand deposits and savings accounts	36,819,000	54,828,000
Net decrease in time deposits	(3,385,000)	(7,215,000)
Proceeds from exercise of stock options	6,000	7,000
Tax withholding payments on vested restricted shares surrendered	(130,000)	0
Net cash from financing activities	31,096,000	45,503,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	21,449,000	(23,028,000)
CASH AND CASH EQUIVALENTS, beginning of period	126,145,000	149,173,000
CASH AND CASH EQUIVALENTS, end of period	147,594,000	126,145,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	1,558,000	1,611,000
Income taxes	3,870,000	4,145,000
NON-CASH INVESTING ACTIVITIES:
Change in unrealized gain (loss) on securities	4,021,000	(2,254,000)
Change in contributions payable to LIHTC limited partner investment	0	3,593,000
Lease right-of-use assets	4,312,000	0
NON-CASH FINANCING ACTIVITIES:
Present value of lease obligations	$ 4,698,000	$ 0

Note 1 - Summary of Accounting

Note 1 - Summary of Accounting Policies	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 1 Nature of Operations On July 3, 2008 one The Company is authorized to issue 50,000,000 without 8,210,147 December 31, 2019 10,000,000 without no The consolidated financial statements include the accounts of Bancorp and its wholly-owned bank subsidiary. All material intercompany transactions have been eliminated. In the opinion of Management, the consolidated financial statements contain all adjustments necessary to present fairly the financial position, results of operations, changes in shareholders’ equity and cash flows. All adjustments are of a normal, recurring nature. 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, accounting for income taxes, fair value measurements, and the determination, recognition and measurement of impaired loans. Actual results could differ from these estimates. A summary of the significant accounting policies applied in the preparation of the accompanying consolidated financial statements follows. Subsequent events — December 31, 2019 Cash and cash equivalents — three one Securities available for sale — not Investments with fair values that are less than amortized cost are considered impaired. Impairment may not not not not Other real estate owned — not Loa ns originated Loan fees net of certain direct costs of origination are deferred and amortized, as an adjustment to interest yield, over the estimated life of the loan. Loans on which the accrual of interest has been discontinued are designated as non-accrual loans. Accrual of interest on loans is discontinued either when reasonable doubt exists as to the full and timely collection of interest or principal or when a loan becomes contractually past due by ninety not Allowance for loan losses The allowance for loan losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses. Such agencies may The allowance consists of specific, general, and unallocated components. The specific component relates to loans that are classified as impaired. Impaired loans, as defined, are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The general component relates to non-impaired loans and is based on historical loss experience adjusted for qualitative factors. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The Company considers a loan impaired when it is probable that all amounts of principal and interest due, according to the contractual terms of the loan agreement, will not not The method for calculating the allowance for unfunded loan commitments is based on an allowance percentage which is less than other outstanding loan types because they are at a lower risk level. This allowance percentage is evaluated by management periodically and is applied to the total undisbursed loan commitment balance to calculate the allowance for off-balance-sheet commitments. The Company considers a loan to be a troubled debt restructure (“TDR”) when the Company has granted a concession and the borrower is experiencing financial difficulty. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. A TDR loan is kept on non-accrual status until the borrower has paid for six no Premises and equipment — Building 31.5 years Equipment 3 – 12 years Furniture and fixtures 3 – 7 years Leasehold improvements 5 – 15 years Automobiles 3 – 5 years The Company adopted ASU No. 2016 02, Leases (Topic 842 January 1, 2019. January 1, 2019, January 1, 2019 $5,246,000, January 1, 2019 $4,817,000, Leasehold improvements are amortized over the lesser of the useful life of the asset or the remaining term of the lease. The straight-line method of depreciation is followed for all assets for financial reporting purposes, but accelerated methods are used for tax purposes. Deferred income taxes have been provided for the resulting temporary differences. Income taxes — The Company files income tax returns in the U.S. federal jurisdiction, and the state of California. With few exceptions, the Company is no 2016 2015. Transfers of financial assets — 1 2 3 not Advertising costs — $304,000 $237,000 December 31, 2019 2018, Comprehensive income — December 31, 2019 2018, $97,000 $57,000 Federal Reserve Bank Stock no 1 2 3 4 Federal Home Loan Bank Stock no 1 2 3 4 Earnings per common share (“EPS”) 12 1 2 3 two two not Stock based compensation — 26,095 96,650 2019 2018, The fair value of each option grant is estimated as of the grant date using a binomial option-pricing model for all grants. Expected volatility is based on the historical volatility of the price of the Company’s stock. The Company uses historical data to estimate option exercise and stock option forfeiture rates within the valuation model. The expected term of options granted for the binomial model is derived from applying a historical suboptimal exercise factor to the contractual term of the grant. For binomial pricing, the risk-free rate for periods is equal to the U.S. Treasury yield at the time of grant and commensurate with the contractual term of the grant. There were no 2019 2018. Fair values of financial instruments — December 31, 2019 2018. not Fair v alue m easurements — may The Company has established and documented a process for determining fair value. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when developing fair value measurements. Whenever there is no Reclassifications no Goodwill and o ther i ntangible a ssets — may not not The core deposit intangible represents the estimated future benefits of acquired deposits and is booked separately from the related deposits. The value of the core deposit intangible asset was determined using a discounted cash flow approach to arrive at the cost differential between the core deposits (non-maturity deposits such as transaction, savings and money market accounts) and alternative funding sources. The core deposit intangible is amortized on an accelerated basis over an estimated ten No December 31, 2019. December 31, 2019, (in thousands) 2020 2021 2022 2023 2024 Thereafter Total Core deposit intangible amortization $ 96 $ 93 $ 89 $ 86 $ 82 $ 78 $ 524 The Company applies a qualitative analysis of conditions in order to determine if it is more likely than not may third not no December 31, 2019. Recently Issued Accounting S tandards — 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 13 In June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, October 2019, three January 1, 2023. not In January 2017, 2017 04 , Intangibles Goodwill and Other (Subtopic 350 Simplifying the Test for Goodwill Impairment second December 15, 2019. 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 In August 2018, 2018 13, Fair Value Measurement (Subtopic 820 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . 2018 13 2018 13 December 15, 2019. 2018 13 may not In March 2019, 2019 01 , Leases (Topic 842 two 2016 02. December 15, 2019, 2019 01 not In April 2019, 2019 04, Codification Improvements to Topic 326, 815, 825, January 1, 2020 not In May 2019, 2019 05, Financial Instruments - Credit Losses (Topic 326 not 2016 13, 2016 13

Note 2 - Cash and Due From Bank

Note 2 - Cash and Due From Banks	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	NOTE 2 — CASH AND DUE FROM BANKS Cash and due from banks includes balances with the Federal Reserve Bank and other correspondent banks. The Company is required to maintain specified reserves by the Federal Reserve Bank. The average reserve requirements are based on a percentage of the Company’s deposit liabilities. In addition, the Federal Reserve Bank requires the Company to maintain a certain minimum balance at all times. As of December 31, 2019 2018, $82,296,000 $64,076,000,

Note 3 - Securities

Note 3 - Securities	12 Months Ended
	Dec. 31, 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 $3,297,000 $3,106,000 December 31, 2019 December 31, 2018, no December 31, 2019 2018. 2016 01, $101,000 $90,000 December 31, 2019 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 December 31, 2019 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 31,180 $ 566 $ (17 ) $ 31,729 Collateralized mortgage obligations 1,618 5 (9 ) 1,614 Municipalities 86,826 3,746 (1 ) 90,571 SBA pools 6,419 9 (33 ) 6,395 Corporate debt 19,253 173 (458 ) 18,968 Asset backed securities 41,389 76 (654 ) 40,811 $ 186,685 $ 4,575 $ (1,172 ) $ 190,088 The following tables detail the gross unrealized losses and fair values aggregated of debt securities by investment category and length of time that individual securities have been in a continuous unrealized loss position at December 31, 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 $ 3,934 (11 ) $ 1,535 $ (6 ) $ 5,469 $ (17 ) Collateralized mortgage obligations 0 0 650 (9 ) 650 (9 ) Municipalities 0 0 411 (1 ) 411 (1 ) SBA pools 1,423 (7 ) 3,545 (26 ) 4,968 (33 ) Corporate debt 2,994 (6 ) 8,859 (452 ) 11,853 (458 ) Asset backed securities 12,891 (233 ) 21,313 (421 ) 34,204 (654 ) Total temporarily impaired securities $ 21,242 $ (257 ) $ 36,313 $ (915 ) $ 57,555 $ (1,172 ) At December 31, 2019, one three six five one eleven 12 December 31, 2019, three eight two two 12 third no not not The amortized cost and estimated fair value of debt securities at December 31, 2019, may (dollars in thousands) Amortized Fair Cost Value Available-for-sale securities: Due in one year or less $ 32,879 $ 33,102 Due after one year through five years 46,349 47,974 Due after five years through ten years 44,643 45,595 Due after ten years 62,814 63,417 $ 186,685 $ 190,088 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 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 aggregated of debt securities by investment category and length of time that individual securities have been in a continuous unrealized loss position at 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 realized gains of $138,000 $11,000 2019 2018, 2018, one $70,000 no 2019. Securities carried at $123,381,000 $118,771,000 December 31, 2019 2018,

Note 4 - Loans

Note 4 - Loans	12 Months Ended
	Dec. 31, 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 December 31, 2019, 81% 10% 5% 4% Loan totals were as follows: (in thousands) December 31, 2019 December 31, 2018 Commercial real estate: Commercial real estate- construction $ 53,169 $ 20,263 Commercial real estate- mortgages 475,146 460,701 Land 8,367 10,951 Farmland 70,320 62,604 Commercial and industrial 77,704 82,252 Consumer 1,274 1,314 Consumer residential 36,647 35,741 Agriculture 28,358 38,076 Total loans 750,985 711,902 Less: Deferred loan fees and costs, net (792 ) (997 ) Allowance for loan losses (9,146 ) (8,685 ) Net loans $ 741,047 $ 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 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 December 31, 2019, 39% With respect to loans to developers and builders that are secured by non-owner occupied properties that the Company may may may The Company originates consumer loans utilizing a computer-based credit scoring analysis to supplement the underwriting process. 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 home equity loans follow bank policy, which include, but are not 80%, 36% 42%, The Company maintains an independent loan review function that 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 Company’s policies and procedures. Non-Accrual and Past Due Loans. not may may not Year-end non-accrual loans, segregated by class of loans, were as follows: (in thousands) December 31, 2019 December 31, 2018 Commercial real estate: Land $ 855 $ 906 Commercial and industrial 0 0 Consumer residential 248 14 Total non-accrual loans $ 1,103 $ 920 Had non-accrual loans performed in accordance with their original contract terms, the Company would have recognized additional interest income of approximately $62,000 2019 $68,000 2018. The following table analyzes past due loans including the non-accrual loans in the above table, segregated by class of loans, as of December 31, 2019 December 31, 2019 30-59 Days Past Due 60-89 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 $ 53,169 $ 53,169 $ 0 Commercial R.E. - mortgages 0 0 0 0 475,146 475,146 0 Land 0 0 0 0 8,367 8,367 0 Farmland 0 0 111 111 70,209 70,320 0 Commercial and industrial 0 0 0 0 77,704 77,704 0 Consumer 2 0 0 2 1,272 1,274 0 Consumer residential 0 0 137 137 36,510 36,647 0 Agriculture 0 0 0 0 28,358 28,358 0 Total $ 2 $ 0 $ 248 $ 250 $ 750,735 $ 750,985 $ 0 The following table analyzes past due loans including the 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 60-89 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. Impaired loans by class as of December 31, 2019 2018 No 2019 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, 2019 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 0 Land 873 0 855 855 680 892 Farmland 0 0 0 0 0 0 Commercial and Industrial 0 0 0 0 0 0 Consumer 0 0 0 0 0 0 Consumer residential 312 248 0 248 0 113 Agriculture 0 0 0 0 0 0 Total $ 1,185 $ 248 $ 855 $ 1,103 $ 680 $ 1,005 (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 – At December 31, 2019, one $855,000. December 31, 2018, 4 $920,000. no December 31, 2019 2018. $680,000 December 31, 2019 2018. During the year ended December 31, 2019, $906,000 no 2018. one 2019 not not no There were no twelve twelve December 31, 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. 4 ( W ) . 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 December 31, 2019 2018, no 7 8 The following table presents weighted average risk grades of our loan portfolio. December 31, 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 3.02 3.02 Land 3.72 3.58 Farmland 3.04 3.00 Commercial and industrial 3.05 3.08 Consumer 2.29 2.31 Consumer residential 3.02 3.01 Agriculture 3.17 3.12 Total gross loans 3.03 3.04 The following table presents risk grade totals by class of loans as of December 31, 2019 2018. 1 4 (in thousands) Commercial R.E. Commercial R.E. Land Farmland Commercial and Industrial Consumer Consumer Residential Agriculture Total December 31, 2019 Pass $ 53,169 $ 471,594 $ 7,512 $ 69,002 $ 74,960 $ 1,249 $ 36,470 $ 26,512 $ 740,468 Special mention - 3,552 - 1,207 550 - - 1,846 7,155 Substandard - - 855 111 2,194 25 177 - 3,362 Total loans $ 53,169 $ 475,146 $ 8,367 $ 70,320 $ 77,704 $ 1,274 $ 36,647 $ 28,358 $ 750,985 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 Company. In general, such valuation allowances are determined by evaluating, among other things: (i) the experience, ability and effectiveness of the Company’s lending management and staff; (ii) the effectiveness of the Company’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 years ended December 31, 2019 2018. one not Allowance for Loan Losses For the Years Ended December 31, 2019 and 2018 (in thousands) Commercial Commercial Consumer Year Ended December 31, 2019 Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Beginning balance $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 Charge-offs 0 0 (28 ) (64 ) 0 0 (92 ) Recoveries 0 0 6 2 0 0 8 Provision for (reversal of) loan losses 590 (65 ) 21 64 (168 ) 103 545 Ending balance $ 7,170 $ 1,000 $ 38 $ 306 $ 525 $ 107 $ 9,146 Commercial Commercial Consumer Year Ended December 31, 2018 Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Beginning balance $ 6,331 $ 813 $ 27 $ 300 $ 693 $ 2 $ 8,166 Charge-offs 0 0 (29 ) (17 ) 0 0 (46 ) Recoveries 0 0 8 2 0 0 10 Provision for (reversal of) loan losses 249 252 33 19 0 2 555 Ending balance $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 The following table details the allowance for loan losses and ending gross loan balances as of December 31, 2019 2018, (in thousands) Commercial Commercial Consumer December 31, 2019 Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Allowance for loan losses for loans: Individually evaluated for impairment $ 680 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680 Collectively evaluated for impairment 6,490 1,000 38 306 525 107 8,466 $ 7,170 $ 1,000 $ 38 $ 306 $ 525 $ 107 $ 9,146 Ending gross loan balances: Individually evaluated for impairment $ 855 $ 0 $ 0 $ 248 $ 0 $ 0 $ 1,103 Collectively evaluated for impairment 606,147 77,704 1,274 36,399 28,358 0 749,882 $ 607,002 $ 77,704 $ 1,274 $ 36,647 $ 28,358 $ 0 $ 750,985 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 allowance off-balance-sheet commitments were as follows: (in thousands) YEARS ENDED DECEMBER 31, 201 9 201 8 Balance, beginning of year $ 396 $ 305 Provision charged to operations for off balance sheet 31 91 Balance, end of year $ 427 $ 396 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 consolidated balance sheets. At December 31, 2019 2018, $750,985,000 $711,902,000,

Note 5 - Premises and Equipment

Note 5 - Premises and Equipment	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 — PREMISES AND EQUIPMENT Major classifications of premises and equipment are summarized as follows: ( DECEMBER 31, 201 9 201 8 Land $ 5,195 $ 5,195 Building 10,013 9,962 Leasehold improvements 5,064 5,039 Furniture, fixtures, and equipment 8,707 8,279 Branch construction work-in-process 928 47 29,907 28,522 Less accumulated depreciation (14,678 ) (13,585 ) $ 15,229 $ 14,937 Depreciation expense was $1,091,000 $1,187,000 December 31, 2019 2018,

Note 6 - Interest Receivable an

Note 6 - Interest Receivable and Other Assets	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Other Current Assets [Text Block]	NOTE 6 — INTEREST RECEIVABLE AND OTHER ASSETS Interest receivable and other assets are summarized as follows: ( DECEMBER 31, 201 9 201 8 Net deferred tax asset $ 3,107 $ 4,067 Federal Home Loan Bank stock 4,003 3,599 Interest income receivable on loans 2,089 2,054 Interest income receivable on investments 1,368 1,701 Federal Reserve Bank stock 758 758 Investments in limited partnerships 5,120 5,476 Lease right of use asset 4,312 0 Prepaid expenses and other 1,305 1,142 $ 22,062 $ 18,797

Note 7 - Deposits

Note 7 - Deposits	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 7 — DEPOSITS Deposit totals were as follows: DECEMBER 31, (in thousands) 201 9 201 8 Demand $ 664,687 $ 594,502 Money market 233,526 272,766 Savings 82,789 76,915 Time deposits $250,000 and under 20,785 23,816 Time deposits over $250,000 18,142 18,496 Total deposits $ 1,019,929 $ 986,495 Certificates of deposit issued and their remaining maturities at December 31, 2019, Year ending December 31, 2020 $ 29,267 2021 7,039 2022 2,546 2023 47 2024 28 $ 38,927

Note 8 - FHLB Advances

Note 8 - FHLB Advances	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 — FHLB ADVANCES At December 31, 2019, no $275,191,000 December 31, 2019. $750,985,000 December 31, 2019, At December 31, 2018, no $268,936,000 December 31, 2018. $711,902,000 December 31, 2018,

Note 9 - Interest on Deposits

Note 9 - Interest on Deposits	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 7 — DEPOSITS Deposit totals were as follows: DECEMBER 31, (in thousands) 201 9 201 8 Demand $ 664,687 $ 594,502 Money market 233,526 272,766 Savings 82,789 76,915 Time deposits $250,000 and under 20,785 23,816 Time deposits over $250,000 18,142 18,496 Total deposits $ 1,019,929 $ 986,495 Certificates of deposit issued and their remaining maturities at December 31, 2019, Year ending December 31, 2020 $ 29,267 2021 7,039 2022 2,546 2023 47 2024 28 $ 38,927
Interest Expense [Member]
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 9 — INTEREST ON DEPOSITS Interest on deposits was comprised of the following: YEARS ENDED DECEMBER 31, (in thousands) 201 9 201 8 Savings and other deposits $ 1,427 $ 1,465 Time deposits over $250,000 81 68 Other time deposits 60 73 $ 1,568 $ 1,606

Note 10 - Income Taxes

Note 10 - Income Taxes	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 1 0 — INCOME TAXES The provision for income taxes consists of the following: (in thousands) 2019 2018 Current Federal $ 2,675 $ 2,711 State 1,754 1,927 4,429 4,638 Deferred Federal (109 ) (494 ) State (120 ) (334 ) (229 ) (828 ) $ 4,200 $ 3,810 The components of the Company’s deferred tax assets and liabilities (included in accrued interest and other assets on the consolidated balance sheets, is shown below: (in thousands) DECEMBER 31, 2019 2018 Deferred tax assets: Allowance for loan losses $ 2,705 $ 2,568 Restricted stock expense 105 95 Accrued vacation 100 80 Accrued salary continuation liability 1,176 1,035 Deferred compensation 75 76 Core deposit intangible 69 58 Merger Costs 87 95 Reserve for undisbursed commitments 149 117 OREO expenses 173 173 State income tax 386 405 Holding company organization fees 10 12 Unrealized loss on securities available for sale 0 183 5,035 4,897 Deferred tax liabilities: Prepaid expenses (87 ) (117 ) FHLB dividends (144 ) (144 ) Accumulated depreciation (12 ) (9 ) Accrued bonus (2 ) (2 ) Deferred loan costs (378 ) (353 ) Goodwill Amortization (261 ) (196 ) Limited partner investment in small business equity fund (38 ) (9 ) Unrealized gain on securities available for sale (1,006 ) 0 (1,928 ) (830 ) Net deferred income tax asset $ 3,107 $ 4,067 Management has assessed the realizability of deferred tax assets and believes it is more likely than not not The Company periodically reviews its income tax positions based on tax laws and regulations and financial reporting considerations, and records adjustments as appropriate. This review takes into consideration the status of current taxing authorities’ examinations of the Company’s tax returns, recent positions taken by the taxing authorities on similar transactions. The Company had no December 31, 2019 2018. The effective tax rate for 2019 2018 YEARS ENDED DECEMBER 31, 201 9 201 8 Federal statutory income tax rate 21.0 % 21.0 % State taxes, net of federal tax benefit 8.6 % 8.6 % Tax exempt interest on municipal securities and loans -3.2 % -3.5 % Other -1.2 % -1.3 % Effective tax rate 25.2 % 24.8 % Oak Valley Bancorp files a consolidated return in the U.S. Federal tax jurisdiction and a combined report in the State of California tax jurisdiction. None 2016 2015

Note 11 - Stock Option Plan

Note 11 - Stock Option Plan	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 1 1 — STOCK OPTION PLAN The Company currently has two 2008 2018 2018 2018 607,500 five no ten not 2008 2018 December 31, 2019, 573,655 2018 A summary of the status of the Company’s stock option plan and changes during the years end December 31, 2019 2018 DECEMBER 31, 201 9 DECEMBER 31, 201 8 Shares Weighted- Average Exercise Price Shares Weighted- Average Exercise Price Outstanding at beginning of year 1,000 $ 5.74 3,500 $ 5.94 Granted 0 $ 0.00 0 $ 0.00 Exercised (1,000 ) $ 5.74 (1,500 ) $ 4.58 Forfeited 0 $ 0.00 (1,000 ) $ 8.25 Outstanding at end of year 0 $ 0.00 1,000 $ 5.74 (dollars in thousands) December 31, 201 9 201 8 Weighted-average fair value of options granted during the year N/A N/A Intrinsic value of options exercised $ 12 $ 20 Options outstanding and exercisable at year end: 0 1,000 Weighted average exercise price N/A $ 5.74 Intrinsic value N/A $ 13 Weighted average remaining contractual life N/A 1 month For the years ended December 31, 2019 2018, no 2014 no A summary of the status of the Company’s restricted stock and changes during the years ended December 31, 2019 2018 DECEMBER 31, 201 9 DECEMBER 31, 201 8 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Unvested at beginning of year 107,600 $ 20.09 24,800 $ 11.07 Granted 26,095 $ 17.59 96,650 $ 21.40 Vested (27,640 ) $ 18.97 (11,900 ) $ 11.93 Cancelled (4,500 ) $ 20.11 (1,950 ) $ 20.21 Unvested at end of year 101,555 $ 19.75 107,600 $ 20.09 The Company granted 26,095 2019 $17.59 December 31, 2019, $549,000, $162,000, $12,000 December 31, 2019, $1,633,000 3.41 2019, 27,640 $482,000, The Company granted 96,650 2018 $21.40 December 31, 2018, $431,000, $128,000, $22,000 December 31, 2018, $1,813,000 4.14 2018, 11,900 $252,000,

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 1 2 — 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 earnings per share (“EPS”) including basic EPS, which does not YEAR ENDED DECEMBER 31, 2019 Weighted Avg (dollars in thousands) Income Shares Per-Share (Numerator) (Denominator) Amount Basic EPS: Net income $ 12,489 8,102,442 $ 1.54 Effect of dilutive securities: Stock options — 54 Non-vested restricted stock — 14,131 Total dilutive shares 14,185 Diluted EPS: Net income per diluted share $ 12,489 8,116,627 $ 1.54 YEAR ENDED DECEMBER 31, 2018 Weighted Avg (dollars in thousands) Income Shares Per-Share (Numerator) (Denominator) Amount Basic EPS: Net income $ 11,537 8,081,482 $ 1.43 Effect of dilutive securities: Stock options — 1,791 Non-vested restricted stock — 16,825 Total dilutive shares 18,616 Diluted EPS: Net income per diluted share $ 11,537 8,100,098 $ 1.42

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 1 3 — COMMITMENTS AND CONTINGENCIES The Company is obligated for rental payments under certain operating lease agreements, some of which contain renewal options and escalation clauses that provide for increased rentals. Total rental expense for the years ended December 31, 2019 2018, $1,096,000 $1,171,000, 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, At December 31, 2019, Year ending December 31, 2020 $ 1,185 2021 944 2022 898 2023 605 2024 480 Thereafter 2,081 $ 6,193 The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of loans or through standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest-rate risk in excess of the amount recognized in the balance sheet. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Financial instruments at December 31, 2019 Contract (in thousands) Amount Undisbursed loan commitments $ 144,401 Checking reserve 1,302 Equity lines 15,826 Standby letters of credit 3,143 $ 164,672 Commitments to extend credit, including undisbursed loan commitments and equity lines, are agreements to lend to a customer as long as there is no may not may Checking reserves are lines of credit associated consumer deposit accounts that meet qualification standards for extension of credit if the deposit account were to become overdraft. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third

Note 14 - Financial Instruments

Note 14 - Financial Instruments and Fair Value Measurements	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	NOTE 1 4 — FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Fair values of financial instruments — December 31, 2019 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 December 31, 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 December 31, 2019 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 147,594 $ 147,594 1 Restricted equity securities 4,761 4,761 2 Loans, net 741,047 742,484 3 Interest receivable 3,457 3,457 2 Financial liabilities: Deposits (1,019,929 ) (1,019,654 ) 3 Interest payable (50 ) (50 ) 2 Off-balance-sheet assets (liabilities): Commitments and standby letters of credit (1,647 ) 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 December 31, 2019 2018. Fair Value Measurements at Dec ember 3 1 , 201 9 Using (in thousands) Dec ember 3 1 , 201 9 Quoted Prices Significant Significant Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 31,729 $ 0 $ 31,729 $ 0 Collateralized mortgage obligations 1,614 0 1,614 0 Municipalities 90,571 0 90,571 0 SBA pools 6,395 0 6,395 0 Corporate debt 18,968 0 18,968 0 Asset backed securities 40,811 0 40,811 0 Equity Securities:* Mutual fund $ 3,297 $ 3,297 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Land $ 175 $ 0 $ 0 $ 175 Consumer residential 248 0 0 248 Fair Value Measurements at 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, 1 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. There have been no December 31, 2019.

Note 15 - Related Party Transac

Note 15 - Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 1 5 — RELATED PARTY TRANSACTIONS The Company, in the normal course of business, makes loans and receives deposits from its directors, officers, principal shareholders, and their associates. In management’s opinion, these transactions are on substantially the same terms as comparable transactions with other customers of the Company. Loans to directors, officers, shareholders, and affiliates are summarized below: YEARS ENDED DECEMBER 31, (in thousands) 201 9 201 8 Aggregate amount outstanding, beginning of year $ 5,895 $ 5,350 New loans or advances during year 1,096 2,454 Repayments during year (1,257 ) (1,909 ) Aggregate amount outstanding, end of year $ 5,734 $ 5,895 Related party deposits totaled $10,900,000 $52,479,000 December 31, 2019 2018, From time to time, some of the Company’s Directors, directly or through affiliates, may 2019, $235,000 120, 2018, $430,000 120 2018. no 404

Note 16 - Profit Sharing Plan

Note 16 - Profit Sharing Plan	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Profit Sharing Plan [Text Block]	NOTE 1 6 — PROFIT SHARING PLAN The profit sharing plan to which both the Company and eligible employees contribute was established in 1995. $665,000 $621,000 December 31, 2019 2018,

Note 17 - Restrictions on Divid

Note 17 - Restrictions on Dividends	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Dividend Payment Restrictions [Text Block]	NOTE 1 7 — RESTRICTIONS ON DIVIDENDS Under current California State banking laws, the Bank may not three not may not

Note 18 - Other Post-retirement

Note 18 - Other Post-retirement Benefit Plans	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 1 8 — OTHER POST-RETIREMENT BENEFIT PLANS Certain officers have entered into salary continuation agreements with the Company (the “Salary Continuation Agreements”). Under the Salary Continuation Agreements, the participants will be provided with a fixed annual retirement benefit for ten twenty During December 2001, ten Future compensation under both types of arrangements is earned for services rendered through retirement. The Company accrues for the salary continuation liability based on anticipated years of service and vesting schedules provided under the arrangements. The Company’s current benefit liability is determined based on vesting and the present value of the benefits at a corresponding discount rate. The discount rate used is an equivalent rate for investment-grade bonds with lives matching those of the service periods remaining for the salary continuation contracts, which average approximately ten December 31, 2019 2018, $3,978,000 $3,501,000, The Company entered into split-dollar life insurance agreements with certain officers. In connection with the implementation of the split-dollar agreements, the Company purchased single premium life insurance policies on the life of each of the officers covered by the split-dollar life insurance agreements. The Company is the owner of the policies and the partial beneficiary in an amount equal to the cash surrender value of the policies. The combined cash surrender value of all Bank-owned life insurance policies was $24,631,000 $19,028,000 December 31, 2019 2018,

Note 19 - Regulatory Matters

Note 19 - Regulatory Matters	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	NOTE 19 — REGULATORY MATTERS The Company is regulated by the FRB and is subject to the securities registration and public reporting regulations of the Securities and Exchange Commission. As a California state-chartered bank, the Company’s banking subsidiary is subject to primary supervision, examination and regulation by the California Department of Business Oversight (DBO) and the Federal Reserve Board. The Federal Reserve Board is the primary federal regulator of state member banks. The Bank is also subject to regulation by the FDIC, which insures the Bank’s deposits as permitted by law. Management is not In July 2013, 1 1 1 4.5%, 1 6%, 8% 1 4.0%. 1 2.5% 1 1 not January 1, 2019. On September 17, 2019, community banking organizations (i.e., the community bank leverage ratio (CBLR) framework), as required by the Economic Growth, Regulatory Relief and Consumer Protection Act. The CBLR framework is designed to reduce burden by removing the requirements for calculating and reporting risk-based capital ratios for qualifying community banking organizations that opt into the framework. In order to qualify for the CBLR framework, a community banking organization must have a tier 1 9.0%, $10 not March 31, 2020, not Failure to meet minimum capital requirements can trigger regulatory actions that could have a material adverse effect on the Company’s financial statements and operations. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that rely on quantitative measures of assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Company and Bank’s actual capital amounts and ratios at December 31, 2019 2018, (in thousands) Regulatory Actual Minimum (1) Capital ratios for Bank: Amount Ratio Amount Ratio As of December 31, 2019 Total capital (to Risk- Weighted Assets) $ 115,713 12.3 % $ 98,423 >10.5% Tier I capital (to Risk- Weighted Assets) $ 106,140 11.3 % $ 79,676 >8.5% Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 106,140 11.3 % $ 65,615 >7.0% Tier I capital (to Average Assets) $ 106,140 9.5 % $ 44,948 >4.0% As of December 31, 2018 Total capital (to Risk- Weighted Assets) $ 104,253 11.7 % $ 87,691 > Tier I capital (to Risk- Weighted Assets) $ 95,172 10.7 % $ 69,931 > Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 95,172 10.7 % $ 56,611 > Tier I capital (to Average Assets) $ 95,172 8.7 % $ 43,665 > Capital ratios for the Company: As of December 31, 2019 Total capital (to Risk- Weighted Assets) $ 115,910 12.4 % $ 98,428 >10.5% Tier I capital (to Risk- Weighted Assets) $ 106,337 11.3 % $ 79,680 >8.5% Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 106,337 11.3 % $ 65,619 >7.0% Tier I capital (to Average Assets) $ 106,337 9.5 % $ 44,951 >4.0% As of December 31, 2018 Total capital (to Risk- Weighted Assets) $ 104,613 11.8 % $ 87,699 > Tier I capital (to Risk- Weighted Assets) $ 95,532 10.8 % $ 69,937 > Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 95,532 10.8 % $ 56,616 > Tier I capital (to Average Assets) $ 95,532 8.8 % $ 43,667 > ( 1 The adequately capitalized thresholds in the table above are reflected on a fully phased-in basis, which occurred in January 2019.

Note 20 - Parent Only Condensed

Note 20 - Parent Only Condensed Financial Statements	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	NOTE 2 0 . PARENT ONLY CONDENSED FINANCIAL STATEMENTS CONDENSED BALANCE SHEETS (dollars in thousands) December 31, December 31, 2019 2018 ASSETS Cash $ 149 $ 281 Investment in bank subsidiary 112,373 98,678 Other assets 48 107 Total assets $ 112,570 $ 99,066 LIABILITIES AND SHAREHOLDERS’ EQUITY Other liabilities $ - $ 28 Total liabilities $ - $ 28 Shareholders’ equity Common stock, no par value; 50,000,000 shares authorized, 8,210,147 and 8,194,805 shares issued and outstanding at December 31, 2019 and 2018, respectively 25,435 25,429 Additional paid-in capital 3,777 3,358 Retained earnings 80,961 70,686 Accumulated other comprehensive income (loss), net of tax 2,397 (435 ) Total shareholders’ equity 112,570 99,038 Total liabilities and shareholders' equity $ 112,570 $ 99,066 CONDENSED STATEMENTS OF INCOME (dollars in thousands) Year Ended December 31, 2019 2018 INCOME Dividends declared by subsidiary $ 2,214 $ 2,117 Total income 2,214 2,117 EXPENSES Salary expense 113 110 Employee benefit expense 549 431 Legal expense 53 90 Other operating expenses 102 108 Total non-interest expense 817 739 Income before equity in undistributed income of subsidiary 1,397 1,378 Equity in undistributed net income of subsidiary 10,863 9,919 Income before income tax benefit 12,260 11,297 Income tax benefit 229 240 Net income $ 12,489 $ 11,537 CONDENSED STATEMENTS OF CASHFLOWS YEAR ENDED DECEMBER 31, (dollars in thousands) 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 12,489 $ 11,537 Adjustments to reconcile net income to net cash from operating activities: Undistributed net income of subsidiary (10,863 ) (9,919 ) Stock based compensation 549 431 Decrease in other liabilities (28 ) (6 ) Decrease in other assets 59 79 Net cash from operating activities 2,206 2,122 CASH FLOWS FROM FINANCING ACTIVITIES: Shareholder cash dividends paid (2,214 ) (2,117 ) Proceeds from sale of common stock and exercise of stock options 6 7 Tax withholding payments on vested restricted shares surrendered (130 ) 0 Net cash used in financing activities (2,338 ) (2,110 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (132 ) 12 CASH AND CASH EQUIVALENTS, beginning of period 281 269 CASH AND CASH EQUIVALENTS, end of period $ 149 $ 281 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the year for income taxes $ 3,870 $ 4,145

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Subsequent Events, Policy [Policy Text Block]	Subsequent events — December 31, 2019
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents — three one
Marketable Securities, Policy [Policy Text Block]	Securities available for sale — not Investments with fair values that are less than amortized cost are considered impaired. Impairment may not not not not
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block]	Other real estate owned — not
Financing Receivable [Policy Text Block]	Loa ns originated Loan fees net of certain direct costs of origination are deferred and amortized, as an adjustment to interest yield, over the estimated life of the loan. Loans on which the accrual of interest has been discontinued are designated as non-accrual loans. Accrual of interest on loans is discontinued either when reasonable doubt exists as to the full and timely collection of interest or principal or when a loan becomes contractually past due by ninety not
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for loan losses The allowance for loan losses is evaluated on a regular basis by management and is based on management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses. Such agencies may The allowance consists of specific, general, and unallocated components. The specific component relates to loans that are classified as impaired. Impaired loans, as defined, are measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. The general component relates to non-impaired loans and is based on historical loss experience adjusted for qualitative factors. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The Company considers a loan impaired when it is probable that all amounts of principal and interest due, according to the contractual terms of the loan agreement, will not not The method for calculating the allowance for unfunded loan commitments is based on an allowance percentage which is less than other outstanding loan types because they are at a lower risk level. This allowance percentage is evaluated by management periodically and is applied to the total undisbursed loan commitment balance to calculate the allowance for off-balance-sheet commitments. The Company considers a loan to be a troubled debt restructure (“TDR”) when the Company has granted a concession and the borrower is experiencing financial difficulty. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. A TDR loan is kept on non-accrual status until the borrower has paid for six no
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and equipment — Building 31.5 years Equipment 3 – 12 years Furniture and fixtures 3 – 7 years Leasehold improvements 5 – 15 years Automobiles 3 – 5 years The Company adopted ASU No. 2016 02, Leases (Topic 842 January 1, 2019. January 1, 2019, January 1, 2019 $5,246,000, January 1, 2019 $4,817,000, Leasehold improvements are amortized over the lesser of the useful life of the asset or the remaining term of the lease. The straight-line method of depreciation is followed for all assets for financial reporting purposes, but accelerated methods are used for tax purposes. Deferred income taxes have been provided for the resulting temporary differences.
Income Tax, Policy [Policy Text Block]	Income taxes — The Company files income tax returns in the U.S. federal jurisdiction, and the state of California. With few exceptions, the Company is no 2016 2015.
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfers of financial assets — 1 2 3 not
Advertising Cost [Policy Text Block]	Advertising costs — $304,000 $237,000 December 31, 2019 2018,
Comprehensive Income, Policy [Policy Text Block]	Comprehensive income — December 31, 2019 2018, $97,000 $57,000
Federal Home Loan Bank Stock, Policy [Policy Text Block]	Federal Reserve Bank Stock no 1 2 3 4
Federal Reserve Bank Stock, Policy [Policy Text Block]	Federal Home Loan Bank Stock no 1 2 3 4
Earnings Per Share, Policy [Policy Text Block]	Earnings per common share (“EPS”) 12 1 2 3 two two not
Share-based Payment Arrangement [Policy Text Block]	Stock based compensation — 26,095 96,650 2019 2018, The fair value of each option grant is estimated as of the grant date using a binomial option-pricing model for all grants. Expected volatility is based on the historical volatility of the price of the Company’s stock. The Company uses historical data to estimate option exercise and stock option forfeiture rates within the valuation model. The expected term of options granted for the binomial model is derived from applying a historical suboptimal exercise factor to the contractual term of the grant. For binomial pricing, the risk-free rate for periods is equal to the U.S. Treasury yield at the time of grant and commensurate with the contractual term of the grant. There were no 2019 2018.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair values of financial instruments — December 31, 2019 2018. not
Fair Value Measurement, Policy [Policy Text Block]	Fair v alue m easurements — may The Company has established and documented a process for determining fair value. The Company maximizes the use of observable inputs and minimizes the use of unobservable inputs when developing fair value measurements. Whenever there is no
Reclassification, Policy [Policy Text Block]	Reclassifications no
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and o ther i ntangible a ssets — may not not The core deposit intangible represents the estimated future benefits of acquired deposits and is booked separately from the related deposits. The value of the core deposit intangible asset was determined using a discounted cash flow approach to arrive at the cost differential between the core deposits (non-maturity deposits such as transaction, savings and money market accounts) and alternative funding sources. The core deposit intangible is amortized on an accelerated basis over an estimated ten No December 31, 2019. December 31, 2019, (in thousands) 2020 2021 2022 2023 2024 Thereafter Total Core deposit intangible amortization $ 96 $ 93 $ 89 $ 86 $ 82 $ 78 $ 524 The Company applies a qualitative analysis of conditions in order to determine if it is more likely than not may third not no December 31, 2019.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting S tandards — 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 13 In June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, October 2019, three January 1, 2023. not In January 2017, 2017 04 , Intangibles Goodwill and Other (Subtopic 350 Simplifying the Test for Goodwill Impairment second December 15, 2019. 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 In August 2018, 2018 13, Fair Value Measurement (Subtopic 820 Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement . 2018 13 2018 13 December 15, 2019. 2018 13 may not In March 2019, 2019 01 , Leases (Topic 842 two 2016 02. December 15, 2019, 2019 01 not In April 2019, 2019 04, Codification Improvements to Topic 326, 815, 825, January 1, 2020 not In May 2019, 2019 05, Financial Instruments - Credit Losses (Topic 326 not 2016 13, 2016 13

Note 1 - Summary of Accountin_2

Note 1 - Summary of Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Property Plant and Equipment Estimated Useful Lives [Table Text Block]	Building 31.5 years Equipment 3 – 12 years Furniture and fixtures 3 – 7 years Leasehold improvements 5 – 15 years Automobiles 3 – 5 years
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(in thousands) 2020 2021 2022 2023 2024 Thereafter Total Core deposit intangible amortization $ 96 $ 93 $ 89 $ 86 $ 82 $ 78 $ 524

Note 3 - Securities (Tables)

Note 3 - Securities (Tables)	12 Months Ended
	Dec. 31, 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 $ 31,180 $ 566 $ (17 ) $ 31,729 Collateralized mortgage obligations 1,618 5 (9 ) 1,614 Municipalities 86,826 3,746 (1 ) 90,571 SBA pools 6,419 9 (33 ) 6,395 Corporate debt 19,253 173 (458 ) 18,968 Asset backed securities 41,389 76 (654 ) 40,811 $ 186,685 $ 4,575 $ (1,172 ) $ 190,088 (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 $ 3,934 (11 ) $ 1,535 $ (6 ) $ 5,469 $ (17 ) Collateralized mortgage obligations 0 0 650 (9 ) 650 (9 ) Municipalities 0 0 411 (1 ) 411 (1 ) SBA pools 1,423 (7 ) 3,545 (26 ) 4,968 (33 ) Corporate debt 2,994 (6 ) 8,859 (452 ) 11,853 (458 ) Asset backed securities 12,891 (233 ) 21,313 (421 ) 34,204 (654 ) Total temporarily impaired securities $ 21,242 $ (257 ) $ 36,313 $ (915 ) $ 57,555 $ (1,172 ) (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 $ 32,879 $ 33,102 Due after one year through five years 46,349 47,974 Due after five years through ten years 44,643 45,595 Due after ten years 62,814 63,417 $ 186,685 $ 190,088

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(in thousands) December 31, 2019 December 31, 2018 Commercial real estate: Commercial real estate- construction $ 53,169 $ 20,263 Commercial real estate- mortgages 475,146 460,701 Land 8,367 10,951 Farmland 70,320 62,604 Commercial and industrial 77,704 82,252 Consumer 1,274 1,314 Consumer residential 36,647 35,741 Agriculture 28,358 38,076 Total loans 750,985 711,902 Less: Deferred loan fees and costs, net (792 ) (997 ) Allowance for loan losses (9,146 ) (8,685 ) Net loans $ 741,047 $ 702,220
Financing Receivable, Nonaccrual [Table Text Block]	(in thousands) December 31, 2019 December 31, 2018 Commercial real estate: Land $ 855 $ 906 Commercial and industrial 0 0 Consumer residential 248 14 Total non-accrual loans $ 1,103 $ 920
Financing Receivable, Past Due [Table Text Block]	December 31, 2019 30-59 Days Past Due 60-89 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 $ 53,169 $ 53,169 $ 0 Commercial R.E. - mortgages 0 0 0 0 475,146 475,146 0 Land 0 0 0 0 8,367 8,367 0 Farmland 0 0 111 111 70,209 70,320 0 Commercial and industrial 0 0 0 0 77,704 77,704 0 Consumer 2 0 0 2 1,272 1,274 0 Consumer residential 0 0 137 137 36,510 36,647 0 Agriculture 0 0 0 0 28,358 28,358 0 Total $ 2 $ 0 $ 248 $ 250 $ 750,735 $ 750,985 $ 0 December 31, 2018 30-59 Days Past Due 60-89 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 Average Recorded Investment December 31, 2019 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 0 Land 873 0 855 855 680 892 Farmland 0 0 0 0 0 0 Commercial and Industrial 0 0 0 0 0 0 Consumer 0 0 0 0 0 0 Consumer residential 312 248 0 248 0 113 Agriculture 0 0 0 0 0 0 Total $ 1,185 $ 248 $ 855 $ 1,103 $ 680 $ 1,005 (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 December 31, 2019 Pass $ 53,169 $ 471,594 $ 7,512 $ 69,002 $ 74,960 $ 1,249 $ 36,470 $ 26,512 $ 740,468 Special mention - 3,552 - 1,207 550 - - 1,846 7,155 Substandard - - 855 111 2,194 25 177 - 3,362 Total loans $ 53,169 $ 475,146 $ 8,367 $ 70,320 $ 77,704 $ 1,274 $ 36,647 $ 28,358 $ 750,985 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 Years Ended December 31, 2019 and 2018 (in thousands) Commercial Commercial Consumer Year Ended December 31, 2019 Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Beginning balance $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 Charge-offs 0 0 (28 ) (64 ) 0 0 (92 ) Recoveries 0 0 6 2 0 0 8 Provision for (reversal of) loan losses 590 (65 ) 21 64 (168 ) 103 545 Ending balance $ 7,170 $ 1,000 $ 38 $ 306 $ 525 $ 107 $ 9,146 Commercial Commercial Consumer Year Ended December 31, 2018 Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Beginning balance $ 6,331 $ 813 $ 27 $ 300 $ 693 $ 2 $ 8,166 Charge-offs 0 0 (29 ) (17 ) 0 0 (46 ) Recoveries 0 0 8 2 0 0 10 Provision for (reversal of) loan losses 249 252 33 19 0 2 555 Ending balance $ 6,580 $ 1,065 $ 39 $ 304 $ 693 $ 4 $ 8,685 (in thousands) Commercial Commercial Consumer December 31, 2019 Real Estate and Industrial Consumer Residential Agriculture Unallocated Total Allowance for loan losses for loans: Individually evaluated for impairment $ 680 $ 0 $ 0 $ 0 $ 0 $ 0 $ 680 Collectively evaluated for impairment 6,490 1,000 38 306 525 107 8,466 $ 7,170 $ 1,000 $ 38 $ 306 $ 525 $ 107 $ 9,146 Ending gross loan balances: Individually evaluated for impairment $ 855 $ 0 $ 0 $ 248 $ 0 $ 0 $ 1,103 Collectively evaluated for impairment 606,147 77,704 1,274 36,399 28,358 0 749,882 $ 607,002 $ 77,704 $ 1,274 $ 36,647 $ 28,358 $ 0 $ 750,985 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) YEARS ENDED DECEMBER 31, 201 9 201 8 Balance, beginning of year $ 396 $ 305 Provision charged to operations for off balance sheet 31 91 Balance, end of year $ 427 $ 396
Weighted Average [Member]
Notes Tables
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 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 3.02 3.02 Land 3.72 3.58 Farmland 3.04 3.00 Commercial and industrial 3.05 3.08 Consumer 2.29 2.31 Consumer residential 3.02 3.01 Agriculture 3.17 3.12 Total gross loans 3.03 3.04

Note 5 - Premises and Equipme_2

Note 5 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	( DECEMBER 31, 201 9 201 8 Land $ 5,195 $ 5,195 Building 10,013 9,962 Leasehold improvements 5,064 5,039 Furniture, fixtures, and equipment 8,707 8,279 Branch construction work-in-process 928 47 29,907 28,522 Less accumulated depreciation (14,678 ) (13,585 ) $ 15,229 $ 14,937

Note 6 - Interest Receivable _2

Note 6 - Interest Receivable and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Other Assets [Table Text Block]	( DECEMBER 31, 201 9 201 8 Net deferred tax asset $ 3,107 $ 4,067 Federal Home Loan Bank stock 4,003 3,599 Interest income receivable on loans 2,089 2,054 Interest income receivable on investments 1,368 1,701 Federal Reserve Bank stock 758 758 Investments in limited partnerships 5,120 5,476 Lease right of use asset 4,312 0 Prepaid expenses and other 1,305 1,142 $ 22,062 $ 18,797

Note 7 - Deposits (Tables)

Note 7 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Deposit Account Balances [Table Text Block]	DECEMBER 31, (in thousands) 201 9 201 8 Demand $ 664,687 $ 594,502 Money market 233,526 272,766 Savings 82,789 76,915 Time deposits $250,000 and under 20,785 23,816 Time deposits over $250,000 18,142 18,496 Total deposits $ 1,019,929 $ 986,495
Schedule of Maturities of Deposit [Table Text Block]	Year ending December 31, 2020 $ 29,267 2021 7,039 2022 2,546 2023 47 2024 28 $ 38,927

Note 9 - Interest on Deposits (

Note 9 - Interest on Deposits (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	YEARS ENDED DECEMBER 31, (in thousands) 201 9 201 8 Savings and other deposits $ 1,427 $ 1,465 Time deposits over $250,000 81 68 Other time deposits 60 73 $ 1,568 $ 1,606

Note 10 - Income Taxes (Tables)

Note 10 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(in thousands) 2019 2018 Current Federal $ 2,675 $ 2,711 State 1,754 1,927 4,429 4,638 Deferred Federal (109 ) (494 ) State (120 ) (334 ) (229 ) (828 ) $ 4,200 $ 3,810
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(in thousands) DECEMBER 31, 2019 2018 Deferred tax assets: Allowance for loan losses $ 2,705 $ 2,568 Restricted stock expense 105 95 Accrued vacation 100 80 Accrued salary continuation liability 1,176 1,035 Deferred compensation 75 76 Core deposit intangible 69 58 Merger Costs 87 95 Reserve for undisbursed commitments 149 117 OREO expenses 173 173 State income tax 386 405 Holding company organization fees 10 12 Unrealized loss on securities available for sale 0 183 5,035 4,897 Deferred tax liabilities: Prepaid expenses (87 ) (117 ) FHLB dividends (144 ) (144 ) Accumulated depreciation (12 ) (9 ) Accrued bonus (2 ) (2 ) Deferred loan costs (378 ) (353 ) Goodwill Amortization (261 ) (196 ) Limited partner investment in small business equity fund (38 ) (9 ) Unrealized gain on securities available for sale (1,006 ) 0 (1,928 ) (830 ) Net deferred income tax asset $ 3,107 $ 4,067
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	YEARS ENDED DECEMBER 31, 201 9 201 8 Federal statutory income tax rate 21.0 % 21.0 % State taxes, net of federal tax benefit 8.6 % 8.6 % Tax exempt interest on municipal securities and loans -3.2 % -3.5 % Other -1.2 % -1.3 % Effective tax rate 25.2 % 24.8 %

Note 11 - Stock Option Plan (Ta

Note 11 - Stock Option Plan (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	DECEMBER 31, 201 9 DECEMBER 31, 201 8 Shares Weighted- Average Exercise Price Shares Weighted- Average Exercise Price Outstanding at beginning of year 1,000 $ 5.74 3,500 $ 5.94 Granted 0 $ 0.00 0 $ 0.00 Exercised (1,000 ) $ 5.74 (1,500 ) $ 4.58 Forfeited 0 $ 0.00 (1,000 ) $ 8.25 Outstanding at end of year 0 $ 0.00 1,000 $ 5.74
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	DECEMBER 31, 201 9 DECEMBER 31, 201 8 Shares Weighted Average Grant Date Fair Value Shares Weighted Average Grant Date Fair Value Unvested at beginning of year 107,600 $ 20.09 24,800 $ 11.07 Granted 26,095 $ 17.59 96,650 $ 21.40 Vested (27,640 ) $ 18.97 (11,900 ) $ 11.93 Cancelled (4,500 ) $ 20.11 (1,950 ) $ 20.21 Unvested at end of year 101,555 $ 19.75 107,600 $ 20.09
Weighted Average [Member]
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	(dollars in thousands) December 31, 201 9 201 8 Weighted-average fair value of options granted during the year N/A N/A Intrinsic value of options exercised $ 12 $ 20 Options outstanding and exercisable at year end: 0 1,000 Weighted average exercise price N/A $ 5.74 Intrinsic value N/A $ 13 Weighted average remaining contractual life N/A 1 month

Note 12 - Earnings Per Share (T

Note 12 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	YEAR ENDED DECEMBER 31, 2019 Weighted Avg (dollars in thousands) Income Shares Per-Share (Numerator) (Denominator) Amount Basic EPS: Net income $ 12,489 8,102,442 $ 1.54 Effect of dilutive securities: Stock options — 54 Non-vested restricted stock — 14,131 Total dilutive shares 14,185 Diluted EPS: Net income per diluted share $ 12,489 8,116,627 $ 1.54 YEAR ENDED DECEMBER 31, 2018 Weighted Avg (dollars in thousands) Income Shares Per-Share (Numerator) (Denominator) Amount Basic EPS: Net income $ 11,537 8,081,482 $ 1.43 Effect of dilutive securities: Stock options — 1,791 Non-vested restricted stock — 16,825 Total dilutive shares 18,616 Diluted EPS: Net income per diluted share $ 11,537 8,100,098 $ 1.42

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Year ending December 31, 2020 $ 1,185 2021 944 2022 898 2023 605 2024 480 Thereafter 2,081 $ 6,193
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	Contract (in thousands) Amount Undisbursed loan commitments $ 144,401 Checking reserve 1,302 Equity lines 15,826 Standby letters of credit 3,143 $ 164,672

Note 14 - Financial Instrumen_2

Note 14 - Financial Instruments and Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 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 $ 147,594 $ 147,594 1 Restricted equity securities 4,761 4,761 2 Loans, net 741,047 742,484 3 Interest receivable 3,457 3,457 2 Financial liabilities: Deposits (1,019,929 ) (1,019,654 ) 3 Interest payable (50 ) (50 ) 2 Off-balance-sheet assets (liabilities): Commitments and standby letters of credit (1,647 ) 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 at Dec ember 3 1 , 201 9 Using (in thousands) Dec ember 3 1 , 201 9 Quoted Prices Significant Significant Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 31,729 $ 0 $ 31,729 $ 0 Collateralized mortgage obligations 1,614 0 1,614 0 Municipalities 90,571 0 90,571 0 SBA pools 6,395 0 6,395 0 Corporate debt 18,968 0 18,968 0 Asset backed securities 40,811 0 40,811 0 Equity Securities:* Mutual fund $ 3,297 $ 3,297 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Land $ 175 $ 0 $ 0 $ 175 Consumer residential 248 0 0 248 Fair Value Measurements at 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 15 - Related Party Trans_2

Note 15 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	YEARS ENDED DECEMBER 31, (in thousands) 201 9 201 8 Aggregate amount outstanding, beginning of year $ 5,895 $ 5,350 New loans or advances during year 1,096 2,454 Repayments during year (1,257 ) (1,909 ) Aggregate amount outstanding, end of year $ 5,734 $ 5,895

Note 19 - Regulatory Matters (T

Note 19 - Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	(in thousands) Regulatory Actual Minimum (1) Capital ratios for Bank: Amount Ratio Amount Ratio As of December 31, 2019 Total capital (to Risk- Weighted Assets) $ 115,713 12.3 % $ 98,423 >10.5% Tier I capital (to Risk- Weighted Assets) $ 106,140 11.3 % $ 79,676 >8.5% Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 106,140 11.3 % $ 65,615 >7.0% Tier I capital (to Average Assets) $ 106,140 9.5 % $ 44,948 >4.0% As of December 31, 2018 Total capital (to Risk- Weighted Assets) $ 104,253 11.7 % $ 87,691 > Tier I capital (to Risk- Weighted Assets) $ 95,172 10.7 % $ 69,931 > Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 95,172 10.7 % $ 56,611 > Tier I capital (to Average Assets) $ 95,172 8.7 % $ 43,665 > Capital ratios for the Company: As of December 31, 2019 Total capital (to Risk- Weighted Assets) $ 115,910 12.4 % $ 98,428 >10.5% Tier I capital (to Risk- Weighted Assets) $ 106,337 11.3 % $ 79,680 >8.5% Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 106,337 11.3 % $ 65,619 >7.0% Tier I capital (to Average Assets) $ 106,337 9.5 % $ 44,951 >4.0% As of December 31, 2018 Total capital (to Risk- Weighted Assets) $ 104,613 11.8 % $ 87,699 > Tier I capital (to Risk- Weighted Assets) $ 95,532 10.8 % $ 69,937 > Common Equity Tier 1 Capital (to Risk Weighted Assets) $ 95,532 10.8 % $ 56,616 > Tier I capital (to Average Assets) $ 95,532 8.8 % $ 43,667 >

Note 20 - Parent Only Condens_2

Note 20 - Parent Only Condensed Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Condensed Balance Sheet [Table Text Block]	(dollars in thousands) December 31, December 31, 2019 2018 ASSETS Cash $ 149 $ 281 Investment in bank subsidiary 112,373 98,678 Other assets 48 107 Total assets $ 112,570 $ 99,066 LIABILITIES AND SHAREHOLDERS’ EQUITY Other liabilities $ - $ 28 Total liabilities $ - $ 28 Shareholders’ equity Common stock, no par value; 50,000,000 shares authorized, 8,210,147 and 8,194,805 shares issued and outstanding at December 31, 2019 and 2018, respectively 25,435 25,429 Additional paid-in capital 3,777 3,358 Retained earnings 80,961 70,686 Accumulated other comprehensive income (loss), net of tax 2,397 (435 ) Total shareholders’ equity 112,570 99,038 Total liabilities and shareholders' equity $ 112,570 $ 99,066
Condensed Income Statement [Table Text Block]	(dollars in thousands) Year Ended December 31, 2019 2018 INCOME Dividends declared by subsidiary $ 2,214 $ 2,117 Total income 2,214 2,117 EXPENSES Salary expense 113 110 Employee benefit expense 549 431 Legal expense 53 90 Other operating expenses 102 108 Total non-interest expense 817 739 Income before equity in undistributed income of subsidiary 1,397 1,378 Equity in undistributed net income of subsidiary 10,863 9,919 Income before income tax benefit 12,260 11,297 Income tax benefit 229 240 Net income $ 12,489 $ 11,537
Condensed Cash Flow Statement [Table Text Block]	YEAR ENDED DECEMBER 31, (dollars in thousands) 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 12,489 $ 11,537 Adjustments to reconcile net income to net cash from operating activities: Undistributed net income of subsidiary (10,863 ) (9,919 ) Stock based compensation 549 431 Decrease in other liabilities (28 ) (6 ) Decrease in other assets 59 79 Net cash from operating activities 2,206 2,122 CASH FLOWS FROM FINANCING ACTIVITIES: Shareholder cash dividends paid (2,214 ) (2,117 ) Proceeds from sale of common stock and exercise of stock options 6 7 Tax withholding payments on vested restricted shares surrendered (130 ) 0 Net cash used in financing activities (2,338 ) (2,110 ) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (132 ) 12 CASH AND CASH EQUIVALENTS, beginning of period 281 269 CASH AND CASH EQUIVALENTS, end of period $ 149 $ 281 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the year for income taxes $ 3,870 $ 4,145

Note 1 - Summary of Accountin_3

Note 1 - Summary of Accounting Policies (Details Textual) $ / shares in Thousands	Jan. 01, 2018USD ($)	Jul. 03, 2008shares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Jan. 01, 2019USD ($)
Conversion of Stock Shares Converted for Each Outstanding Share of Wholly Owned Subsidiary		1
Common Stock, Shares Authorized			50,000,000	50,000,000
Common Stock, Shares, Issued, Total			8,210,147	8,194,805
Preferred Stock, Shares Authorized			10,000,000
Preferred Stock, Shares Issued, Total			0
Operating Lease, Right-of-Use Asset | $			$ 4,312,000	$ 0
Advertising Expense | $			304,000	237,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax, Total | $			$ 97,000	$ 57,000
Number of Forms of Outstanding Stock Awards				2
Stock Issued During Period, Shares, Restricted Stock Award, Gross			26,095	96,650
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0	0
Common Stock, No Par Value | $ / shares			$ 0	$ 0
Common Stock, Shares, Outstanding, Ending Balance			8,210,147	8,194,805
Preferred Stock, No Par Value | $ / shares			$ 0
Preferred Stock, Shares Outstanding, Ending Balance			0
Accounting Standards Update 2018-02 [Member] | Retained Earnings [Member]
Reclassification from AOCI to Retained Earnings Tax Effect | $	$ (163,000)
Accounting Standards Update 2018-02 [Member] | AOCI Attributable to Parent [Member]
Reclassification from AOCI to Retained Earnings Tax Effect | $	$ 163,000
Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life				10 years
Impairment of Intangible Assets (Excluding Goodwill), Total | $				$ 0
Interest Payable and Other Liabilities [Member]
Operating Lease, Liability, Total | $					$ 5,246,000
Interest Receivable and Other Assets [Member]
Operating Lease, Right-of-Use Asset | $					$ 4,817,000

Note 1 - Summary of Accountin_4

Note 1 - Summary of Accounting Policies - Premises and Equipment Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2019
Building [Member]
Property, plant, and equipment, useful life (Year)	31 years 182 days
Equipment [Member] | Minimum [Member]
Property, plant, and equipment, useful life (Year)	3 years
Equipment [Member] | Maximum [Member]
Property, plant, and equipment, useful life (Year)	12 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, plant, and equipment, useful life (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, plant, and equipment, useful life (Year)	7 years
Leasehold Improvements [Member] | Minimum [Member]
Property, plant, and equipment, useful life (Year)	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, plant, and equipment, useful life (Year)	15 years
Automobiles [Member] | Minimum [Member]
Property, plant, and equipment, useful life (Year)	3 years
Automobiles [Member] | Maximum [Member]
Property, plant, and equipment, useful life (Year)	5 years

Note 1 - Summary of Accountin_5

Note 1 - Summary of Accounting Policies - Future Estimated Amortization Expense (Details) - Core Deposits [Member] $ in Thousands	Dec. 31, 2019USD ($)
2020	$ 96
2021	93
2022	89
2023	86
2024	82
Thereafter	78
Total	$ 524

Note 2 - Cash and Due From Ba_2

Note 2 - Cash and Due From Banks (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Cash Reserve Deposit Required and Made	$ 82,296,000	$ 64,076,000

Note 3 - Securities (Details Te

Note 3 - Securities (Details Textual)	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Equity Securities, FV-NI	$ 3,297,000	$ 3,106,000
Equity Securities, FV-NI, Realized Gain (Loss), Total	0	0
Equity Securities, FV-NI, Unrealized Gain (Loss), Total	101,000	(90,000)
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total	0
Debt Securities, Available-for-sale, Realized Gain	$ 138,000	11,000
Number of Debt Securities, Available-for-sale, Sold	0
Security Owned and Pledged as Collateral, Fair Value, Total	$ 123,381,000	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
Debt Securities, Available-for-sale, Realized Gain		$ 70,000
Number of Debt Securities, Available-for-sale, Sold		1
US Government Agencies Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	3
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	3
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	6
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	2
SBA Pool [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	5
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	2
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	1
Asset-backed Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	11
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	8

Note 3 - Securities - Amortized

Note 3 - Securities - Amortized Cost and Estimated Fair Values of Debt Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale securities, amortized cost	$ 186,685	$ 207,330
Available-for-sale securities, gross unrealized gains	4,575	1,733
Available-for-sale securities, gross unrealized losses	(1,172)	(2,351)
Available-for-sale securities, fair market value	190,088	206,712
US Government Agencies Debt Securities [Member]
Available-for-sale securities, amortized cost	31,180	44,474
Available-for-sale securities, gross unrealized gains	566	135
Available-for-sale securities, gross unrealized losses	(17)	(503)
Available-for-sale securities, fair market value	31,729	44,106
Collateralized Mortgage Obligations [Member]
Available-for-sale securities, amortized cost	1,618	2,071
Available-for-sale securities, gross unrealized gains	5	0
Available-for-sale securities, gross unrealized losses	(9)	(59)
Available-for-sale securities, fair market value	1,614	2,012
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, amortized cost	86,826	92,257
Available-for-sale securities, gross unrealized gains	3,746	1,404
Available-for-sale securities, gross unrealized losses	(1)	(424)
Available-for-sale securities, fair market value	90,571	93,237
SBA Pool [Member]
Available-for-sale securities, amortized cost	6,419	8,707
Available-for-sale securities, gross unrealized gains	9	13
Available-for-sale securities, gross unrealized losses	(33)	(47)
Available-for-sale securities, fair market value	6,395	8,673
Corporate Debt Securities [Member]
Available-for-sale securities, amortized cost	19,253	21,426
Available-for-sale securities, gross unrealized gains	173	62
Available-for-sale securities, gross unrealized losses	(458)	(901)
Available-for-sale securities, fair market value	18,968	20,587
Asset-backed Securities [Member]
Available-for-sale securities, amortized cost	41,389	38,395
Available-for-sale securities, gross unrealized gains	76	119
Available-for-sale securities, gross unrealized losses	(654)	(417)
Available-for-sale securities, fair market value	$ 40,811	$ 38,097

Note 3 - Securities - Securitie

Note 3 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Less than 12 months, fair value	$ 21,242	$ 62,617
Less than 12 months, unrealized loss	(257)	(765)
12 months or more, fair value	36,313	57,672
12 months or more, unrealized loss	(915)	(1,586)
Fair value	57,555	120,289
Unrealized loss	(1,172)	(2,351)
US Government Agencies Debt Securities [Member]
Less than 12 months, fair value	3,934	22,007
Less than 12 months, unrealized loss	(11)	(230)
12 months or more, fair value	1,535	11,972
12 months or more, unrealized loss	(6)	(273)
Fair value	5,469	33,979
Unrealized loss	(17)	(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	650	1,917
12 months or more, unrealized loss	(9)	(58)
Fair value	650	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	411	26,559
12 months or more, unrealized loss	(1)	(369)
Fair value	411	36,189
Unrealized loss	(1)	(424)
SBA Pool [Member]
Less than 12 months, fair value	1,423	3,284
Less than 12 months, unrealized loss	(7)	(8)
12 months or more, fair value	3,545	3,726
12 months or more, unrealized loss	(26)	(39)
Fair value	4,968	7,010
Unrealized loss	(33)	(47)
Corporate Debt Securities [Member]
Less than 12 months, fair value	2,994	3,999
Less than 12 months, unrealized loss	(6)	(59)
12 months or more, fair value	8,859	11,645
12 months or more, unrealized loss	(452)	(842)
Fair value	11,853	15,644
Unrealized loss	(458)	(901)
Asset-backed Securities [Member]
Less than 12 months, fair value	12,891	23,604
Less than 12 months, unrealized loss	(233)	(412)
12 months or more, fair value	21,313	1,853
12 months or more, unrealized loss	(421)	(5)
Fair value	34,204	25,457
Unrealized loss	$ (654)	$ (417)

Note 3 - Securities - Contractu

Note 3 - Securities - Contractual Maturity or Call Date (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Due in one year or less, amortized cost	$ 32,879
Due in one year or less, fair value	33,102
Due after one year through five years, amortized cost	46,349
Due after one year through five years, fair value	47,974
Due after five years through ten years, amortized cost	44,643
Due after five years through ten years, fair value	45,595
Due after ten years, amortized cost	62,814
Due after ten years, fair value	63,417
Amortized cost	186,685	$ 207,330
Fair Value	$ 190,088	$ 206,712

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual)	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Loans and Leases Receivable, Percentage of Outstanding Principal Balance Secured by Owner Occupied Properties	39.00%
Underwriting Standards, Loan to Value Percentage	80.00%
Underwriting Standards, Housing Percentage	36.00%
Underwriting Standards, Total Debt Ratio	42.00%
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 62,000	$ 68,000
Impaired Financing Receivable, Interest Income, Accrual Method, Total	$ 0	$ 0
Financing Receivable, Modifications, Number of Contracts Held	1	4
Financing Receivable, Troubled Debt Restructuring	$ 855,000	$ 920,000
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend		0
Allowance for Credit Losses, Trouble Debt Restructurings	680,000	680,000
Financing Receivable, Troubled Debt Restructuring, Postmodification	$ 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%
Loans and Leases Receivable, Gross, Total	$ 750,985,000	$ 711,902,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	750,985,000	$ 711,902,000
Substandard [Member]
Financing Receivable Rating Example, Percentage of Loans Classified in Rating Category		40.00%
Loans and Leases Receivable, Gross, Total	3,362,000	$ 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
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	81.00%
Loans and Leases Receivable, Gross, Total	$ 607,002,000	$ 554,519,000
Commercial Portfolio Segment [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	10.00%
Loans and Leases Receivable, Gross, Total	$ 77,704,000	82,252,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans and Leases Receivable, Gross, Total	$ 2,194,000	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%
Agriculture [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	4.00%
Loans and Leases Receivable, Gross, Total	$ 28,358,000	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	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loans	$ 750,985	$ 711,902
Deferred loan fees and costs, net	(792)	(997)
Allowance for loan losses	(9,146)	(8,685)	$ (8,166)
Net loans	741,047	702,220
Commercial Real Estate Portfolio Segment [Member]
Loans	607,002	554,519
Allowance for loan losses	(7,170)	(6,580)	(6,331)
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	53,169	20,263
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	475,146	460,701
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	8,367	10,951
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	70,320	62,604
Commercial Portfolio Segment [Member]
Loans	77,704	82,252
Allowance for loan losses	(1,000)	(1,065)	(813)
Consumer Portfolio Segment [Member]
Loans	1,274	1,314
Allowance for loan losses	(38)	(39)	(27)
Residential Portfolio Segment [Member]
Loans	36,647	35,741
Allowance for loan losses	(306)	(304)	(300)
Agriculture [Member]
Loans	28,358	38,076
Allowance for loan losses	$ (525)	$ (693)	$ (693)

Note 4 - Loans - Non Accrual Lo

Note 4 - Loans - Non Accrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Non-accrual loans	$ 1,103	$ 920
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Non-accrual loans	855	906
Commercial Portfolio Segment [Member]
Non-accrual loans	0	0
Residential Portfolio Segment [Member]
Non-accrual loans	$ 248	$ 14

Note 4 - Loans - Aging of Past

Note 4 - Loans - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Past due	$ 250	$ 3,068
Current	750,735	708,834
Loans	750,985	711,902
Greater than 90 days past due and still accruing	0	0
Financial Asset, 30 to 59 Days Past Due [Member]
Past due	2	0
Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	2,162
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	248	906
Commercial Real Estate Portfolio Segment [Member]
Loans	607,002	554,519
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Past due	0	0
Current	53,169	20,263
Loans	53,169	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	475,146	460,701
Loans	475,146	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	8,367	10,045
Loans	8,367	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	111	0
Current	70,209	62,604
Loans	70,320	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	111	0
Commercial Portfolio Segment [Member]
Past due	0	2,100
Current	77,704	80,152
Loans	77,704	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	2	0
Current	1,272	1,314
Loans	1,274	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	2	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	137	62
Current	36,510	35,679
Loans	36,647	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	0	62
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	137	0
Agriculture [Member]
Past due	0	0
Current	28,358	38,076
Loans	28,358	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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Unpaid contractual principal	$ 1,185	$ 1,269
Recorded investment with no allowance	248	14
Recorded investment with allowance	855	906
Total recorded investment	1,103	920
Related allowance	680	680
Average recorded investment	1,005	1,148
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Unpaid contractual principal	0	0
Recorded investment with no allowance	0	0
Recorded investment with allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Unpaid contractual principal	0	0
Recorded investment with no allowance	0	0
Recorded investment with allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	0	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Unpaid contractual principal	873	1,222
Recorded investment with no allowance	0	0
Recorded investment with allowance	855	906
Total recorded investment	855	906
Related allowance	680	680
Average recorded investment	892	958
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Unpaid contractual principal	0	0
Recorded investment with no allowance	0	0
Recorded investment with allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	0	0
Commercial Portfolio Segment [Member]
Unpaid contractual principal	0	32
Recorded investment with no allowance	0	0
Recorded investment with allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	0	176
Consumer Portfolio Segment [Member]
Unpaid contractual principal	0	0
Recorded investment with no allowance	0	0
Recorded investment with allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	0	0
Residential Portfolio Segment [Member]
Unpaid contractual principal	312	15
Recorded investment with no allowance	248	14
Recorded investment with allowance	0	0
Total recorded investment	248	14
Related allowance	0	0
Average recorded investment	113	14
Agriculture [Member]
Unpaid contractual principal	0	0
Recorded investment with no allowance	0	0
Recorded investment with allowance	0	0
Total recorded investment	0	0
Related allowance	0	0
Average recorded investment	$ 0	$ 0

Note 4 - Loans - Weighted Avera

Note 4 - Loans - Weighted Average Risk Grades of Loan Portfolio (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Weighted average risk grade of loans	3.03	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	3.02	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	3.04	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	2.29	2.31
Residential Portfolio Segment [Member]
Weighted average risk grade of loans	3.02	3.01
Agriculture [Member]
Weighted average risk grade of loans	3.17	3.12

Note 4 - Loans - Loans by Credi

Note 4 - Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Loans	$ 750,985	$ 711,902
Commercial Real Estate Portfolio Segment [Member]
Loans	607,002	554,519
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	53,169	20,263
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	475,146	460,701
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	8,367	10,951
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	70,320	62,604
Commercial Portfolio Segment [Member]
Loans	77,704	82,252
Consumer Portfolio Segment [Member]
Loans	1,274	1,314
Residential Portfolio Segment [Member]
Loans	36,647	35,741
Agriculture [Member]
Loans	28,358	38,076
Pass [Member]
Loans	740,468	700,100
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	53,169	20,263
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	471,594	457,150
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	7,512	10,045
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	69,002	62,604
Pass [Member] | Commercial Portfolio Segment [Member]
Loans	74,960	77,254
Pass [Member] | Consumer Portfolio Segment [Member]
Loans	1,249	1,273
Pass [Member] | Residential Portfolio Segment [Member]
Loans	36,470	35,698
Pass [Member] | Agriculture [Member]
Loans	26,512	35,813
Special Mention [Member]
Loans	7,155	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	3,552	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	1,207
Special Mention [Member] | Commercial Portfolio Segment [Member]
Loans	550	2,898
Special Mention [Member] | Consumer Portfolio Segment [Member]
Loans
Special Mention [Member] | Residential Portfolio Segment [Member]
Loans
Special Mention [Member] | Agriculture [Member]
Loans	1,846	2,263
Substandard [Member]
Loans	3,362	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	855	906
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	111
Substandard [Member] | Commercial Portfolio Segment [Member]
Loans	2,194	2,100
Substandard [Member] | Consumer Portfolio Segment [Member]
Loans	25	41
Substandard [Member] | Residential Portfolio Segment [Member]
Loans	177	43
Substandard [Member] | Agriculture [Member]
Loans

Note 4 - Loans - Allowance for

Note 4 - Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Beginning balance	$ 8,685	$ 8,166
Charge-offs	(92)	(46)
Recoveries	8	10
Provision for loan losses	545	555
Ending balance	9,146	8,685
Individually evaluated for impairment			$ 680	$ 680
Collectively evaluated for impairment			8,466	8,005
	8,685	8,166	9,146	8,685
Individually evaluated for impairment			1,103	920
Collectively evaluated for impairment			749,882	710,982
			750,985	711,902
Commercial Real Estate Portfolio Segment [Member]
Beginning balance	6,580	6,331
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	590	249
Ending balance	7,170	6,580
Individually evaluated for impairment			680	680
Collectively evaluated for impairment			6,490	5,900
	7,170	6,331	7,170	6,580
Individually evaluated for impairment			855	906
Collectively evaluated for impairment			606,147	553,613
			607,002	554,519
Commercial Portfolio Segment [Member]
Beginning balance	1,065	813
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	(65)	252
Ending balance	1,000	1,065
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			1,000	1,065
	1,000	813	1,000	1,065
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			77,704	82,252
			77,704	82,252
Consumer Portfolio Segment [Member]
Beginning balance	39	27
Charge-offs	(28)	(29)
Recoveries	6	8
Provision for loan losses	21	33
Ending balance	38	39
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			38	39
	38	27	38	39
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			1,274	1,314
			1,274	1,314
Residential Portfolio Segment [Member]
Beginning balance	304	300
Charge-offs	(64)	(17)
Recoveries	2	2
Provision for loan losses	64	19
Ending balance	306	304
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			306	304
	306	300	306	304
Individually evaluated for impairment			248	14
Collectively evaluated for impairment			36,399	35,727
			36,647	35,741
Agriculture [Member]
Beginning balance	693	693
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	(168)	0
Ending balance	525	693
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			525	693
	525	693	525	693
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			28,358	38,076
			28,358	38,076
Unallocated Financing Receivables [Member]
Beginning balance	4	2
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	103	2
Ending balance	107	4
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			107	4
	$ 107	$ 2	107	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	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Balance	$ 396	$ 305
Provision charged to operations for off balance sheet	31	91
Balance	$ 427	$ 396

Note 5 - Premises and Equipme_3

Note 5 - Premises and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Depreciation, Total	$ 1,091,000	$ 1,187,000

Note 5 - Premises and Equipme_4

Note 5 - Premises and Equipment - Classifications of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property, plant, and equipment	$ 29,907	$ 28,522
Less accumulated depreciation	(14,678)	(13,585)
	15,229	14,937
Land [Member]
Property, plant, and equipment	5,195	5,195
Building [Member]
Property, plant, and equipment	10,013	9,962
Leasehold Improvements [Member]
Property, plant, and equipment	5,064	5,039
Furniture and Fixtures [Member]
Property, plant, and equipment	8,707	8,279
Construction in Progress [Member]
Property, plant, and equipment	$ 928	$ 47

Note 6 - Interest Receivable _3

Note 6 - Interest Receivable and Other Assets - Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Net deferred tax asset	$ 3,107	$ 4,067
Federal Home Loan Bank stock	4,003	3,599
Interest income receivable on loans	2,089	2,054
Interest income receivable on investments	1,368	1,701
Federal Reserve Bank stock	758	758
Investments in limited partnerships	5,120	5,476
Lease right of use asset	4,312	0
Prepaid expenses and other	1,305	1,142
	$ 22,062	$ 18,797

Note 7 - Deposits - Summary of

Note 7 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Demand	$ 664,687	$ 594,502
Money market	233,526	272,766
Savings	82,789	76,915
Time deposits $250,000 and under	20,785	23,816
Time deposits over $250,000	18,142	18,496
Total deposits	$ 1,019,929	$ 986,495

Note 7 - Deposits - Certificate

Note 7 - Deposits - Certificates of Deposit Issued and Remaining Maturities (Details) $ in Thousands	Dec. 31, 2019USD ($)
2020	$ 29,267
2021	7,039
2022	2,546
2023	47
2024	28
	$ 38,927

Note 8 - FHLB Advances (Details

Note 8 - FHLB Advances (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Advances from Federal Home Loan Banks, Total	$ 0	$ 0
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	275,191,000	268,936,000
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 750,985,000	$ 711,902,000

Note 9 - Interest on Deposits -

Note 9 - Interest on Deposits - Interest on Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Savings and other deposits	$ 1,427	$ 1,465
Time deposits over $250,000	81	68
Other time deposits	60	73
	$ 1,568	$ 1,606

Note 10 - Income Taxes (Details

Note 10 - Income Taxes (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0

Note 10 - Income Taxes - Provis

Note 10 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Federal, Current	$ 2,675	$ 2,711
State, Current	1,754	1,927
Current	4,429	4,638
Federal, Deferred	(109)	(494)
State, Deferred	(120)	(334)
Deferred	(229)	(828)
	$ 4,200	$ 3,810

Note 10 - Income Taxes - Deferr

Note 10 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Allowance for loan losses	$ 2,705	$ 2,568
Restricted stock expense	105	95
Accrued vacation	100	80
Accrued salary continuation liability	1,176	1,035
Deferred compensation	75	76
Core deposit intangible	69	58
Merger Costs	(87)	(95)
Reserve for undisbursed commitments	149	117
OREO expenses	173	173
State income tax	386	405
Holding company organization fees	10	12
Unrealized loss on securities available for sale	0	183
	5,035	4,897
Prepaid expenses	(87)	(117)
FHLB dividends	(144)	(144)
Accumulated depreciation	(12)	(9)
Accrued bonus	(2)	(2)
Deferred loan costs	(378)	(353)
Goodwill Amortization	(261)	(196)
Limited partner investment in small business equity fund	(38)	(9)
Unrealized gain on securities available for sale	(1,006)	0
	(1,928)	(830)
Net deferred income tax asset	$ 3,107	$ 4,067

Note 10 - Income Taxes - Effect

Note 10 - Income Taxes - Effective Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Federal statutory income tax rate	21.00%	21.00%
State taxes, net of federal tax benefit	8.60%	8.60%
Tax exempt interest on municipal securities and loans	(3.20%)	(3.50%)
Other	(1.20%)	(1.30%)
Effective tax rate	25.20%	24.80%

Note 11 - Stock Option Plan (De

Note 11 - Stock Option Plan (Details Textual)	12 Months Ended		24 Months Ended
	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2019USD ($)shares
Share-based Compensation Arrangements by Share-based Payment Award, Number of Plans	2		2
Share-based Compensation, Tax Benefit from Disqualifying Dispositions of Exercise of Stock Options	$ 0	$ 0
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 0		$ 0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	26,095	96,650
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 17.59	$ 21.40
Share-based Payment Arrangement, Expense	$ 549,000	$ 431,000
Share-based Payment Arrangement, Expense, Tax Benefit	162,000	128,000
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	12,000	22,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 1,633,000	$ 1,813,000	$ 1,633,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	3 years 149 days	4 years 51 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	27,640	11,900
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 482,000	$ 252,000
2018 Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares	607,500		607,500
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	573,655		573,655

Note 11 - Stock Option Plan - S

Note 11 - Stock Option Plan - Stock Option Plan (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Outstanding, Shares (in shares)	1,000	3,500
Outstanding, Weighted average exercise price (in dollars per share)	$ 5.74	$ 5.94
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	0
Granted, Weighted average exercise price (in dollars per share)	$ 0	$ 0
Exercised, Shares (in shares)	(1,000)	(1,500)
Exercised, Weighted average exercise price (in dollars per share)	$ 5.74	$ 4.58
Forfeited, Shares (in shares)	0	(1,000)
Forfeited, Weighted average exercise price (in dollars per share)	$ 0	$ 8.25
Outstanding, Shares (in shares)	0	1,000
Outstanding, Weighted average exercise price (in dollars per share)	$ 0	$ 5.74

Note 11 - Stock Option Plan - W

Note 11 - Stock Option Plan - Weighted Average Fair Value of Options (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Weighted-average fair value of options granted during the year (in dollars per share)
Intrinsic value of options exercised	$ 12	$ 20
Options outstanding and exercisable at year end: (in shares)	0	1,000
Weighted average exercise price (in dollars per share)		$ 5.74
Intrinsic value		$ 13
Weighted average remaining contractual life (Month)		30 days

Note 11 - Stock Option Plan - R

Note 11 - Stock Option Plan - Restricted Stock (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Unvested, Shares (in shares)	107,600	24,800
Unvested, Weighted average grant date fair value (in dollars per share)	$ 20.09	$ 11.07
Granted, Shares (in shares)	26,095	96,650
Granted, Weighted average grant date fair value (in dollars per share)	$ 17.59	$ 21.40
Vested, Shares (in shares)	(27,640)	(11,900)
Vested, Weighted average grant date fair value (in dollars per share)	$ 18.97	$ 11.93
Cancelled, Shares (in shares)	(4,500)	(1,950)
Cancelled, Weighted average grant date fair value (in dollars per share)	$ 20.11	$ 20.21
Unvested, Shares (in shares)	101,555	107,600
Unvested, Weighted average grant date fair value (in dollars per share)	$ 19.75	$ 20.09

Note 12 - Earnings Per Share (D

Note 12 - Earnings Per Share (Details Textual)	12 Months Ended
	Dec. 31, 2019
Number Of Forms Of Outstanding Common Stock	2

Note 12 - Earnings Per Share -

Note 12 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 12,489	$ 11,537
Net income, Weighted avg shares (in shares)	8,102,442	8,081,482
Net income, Per share amount (in dollars per share)	$ 1.54	$ 1.43
Stock options, Weighted avg shares (in shares)	54	1,791
Non-vested restricted stock, Weighted avg shares (in shares)	14,131	16,825
Total dilutive shares, Weighted avg shares (in shares)	14,185	18,616
Net income per diluted share, Weighted avg shares (in shares)	8,116,627	8,100,098
Net income per diluted share (in dollars per share)	$ 1.54	$ 1.42

Note 13 - Commitments and Con_3

Note 13 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Jan. 01, 2019
Operating Leases, Rent Expense, Total	$ 1,096,000	$ 1,171,000
Operating Lease, Weighted Average Remaining Lease Term			7 years 328 days
Operating Lease, Weighted Average Discount Rate, Percent			3.12%
Operating Lease, Right-of-Use Asset	$ 4,312,000	$ 0
Interest Payable and Other Liabilities [Member]
Operating Lease, Liability, Total			$ 5,246,000
Interest Receivable and Other Assets [Member]
Operating Lease, Right-of-Use Asset			$ 4,817,000

Note 13 - Commitments and Con_4

Note 13 - Commitments and Contingencies - Future Minimum Commitments Under Operating Leases (Details) $ in Thousands	Dec. 31, 2019USD ($)
2020	$ 1,185
2021	944
2022	898
2023	605
2024	480
Thereafter	2,081
	$ 6,193

Note 13 - Commitments and Con_5

Note 13 - Commitments and Contingencies - Financial Instruments Whose Contract Amounts Represent Credit Risk (Details) $ in Thousands	Dec. 31, 2019USD ($)
Fair value of off-balance sheet risks	$ 164,672
Undisbursed Loan Commitments [Member]
Fair value of off-balance sheet risks	144,401
Checking Reserve [Member]
Fair value of off-balance sheet risks	1,302
Equity Line [Member]
Fair value of off-balance sheet risks	15,826
Standby Letters of Credit [Member]
Fair value of off-balance sheet risks	$ 3,143

Note 14 - Financial Instrumen_3

Note 14 - Financial Instruments and Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Cash and cash equivalents	$ 147,594	$ 126,145
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	147,594	126,145
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Restricted equity securities	4,761	4,357
Interest receivable	3,457	3,755
Interest payable	(50)	(40)
Financial liabilities:
Interest payable	(50)	(40)
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Restricted equity securities	4,761	4,357
Interest receivable	3,457	3,755
Interest payable	(50)	(40)
Financial liabilities:
Interest payable	(50)	(40)
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Loans, net	741,047	702,220
Deposits	(1,019,929)	(986,495)
Financial liabilities:
Deposits	(1,019,929)	(986,495)
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Loans, net	742,484	697,369
Deposits	(1,019,654)	(986,096)
Commitments and standby letters of credit	(1,647)	(1,539)
Financial liabilities:
Deposits	(1,019,654)	(986,096)
Off-balance-sheet assets (liabilities):
Commitments and standby letters of credit	$ (1,647)	$ (1,539)

Note 14 - Financial Instrumen_4

Note 14 - Financial Instruments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring and Non Recurring Basis (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Available-for-sale securities, fair market value		$ 190,088,000	$ 206,712,000
Equity Securities		3,297,000	3,106,000
Fair Value, Nonrecurring [Member] | Consumer Portfolio Segment [Member]
Impaired loans		248,000	14,000
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member]
Impaired loans		0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member]
Impaired loans		0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member]
Impaired loans		248,000	14,000
US Government Agencies Debt Securities [Member]
Available-for-sale securities, fair market value		31,729,000	44,106,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		31,729,000	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		31,729,000	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		1,614,000	2,012,000
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		1,614,000	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		1,614,000	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		90,571,000	93,237,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		90,571,000	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		90,571,000	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		6,395,000	8,673,000
SBA Pool [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		6,395,000	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		6,395,000	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		18,968,000	20,587,000
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		18,968,000	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		18,968,000	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		40,811,000	38,097,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value		40,811,000	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		40,811,000	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]	3,297,000	3,106,000
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Equity Securities	[1]	3,297,000	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		175,000	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		$ 175,000	$ 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 1 for additional information on this accounting standard.

Note 15 - Related Party Trans_3

Note 15 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Deposit Liabilities	$ 10,900,000	$ 52,479,000
Design Studio 120 [Member] | Construction, Renovation and Design Work [Member]
Related Party Transaction, Amounts of Transaction	$ 235,000	$ 430,000

Note 15 - Related Party Trans_4

Note 15 - Related Party Transactions - Loans to Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Aggregate amount outstanding	$ 5,895	$ 5,350
New loans or advances during year	1,096	2,454
Repayments during year	(1,257)	(1,909)
Aggregate amount outstanding	$ 5,734	$ 5,895

Note 16 - Profit Sharing Plan (

Note 16 - Profit Sharing Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 665,000	$ 621,000

Note 18 - Other Post-retireme_2

Note 18 - Other Post-retirement Benefit Plans (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2001	Dec. 31, 2019	Dec. 31, 2018
Liability, Other Postretirement Defined Benefit Plan		$ 3,978,000	$ 3,501,000
Bank Owned Life Insurance		$ 24,631,000	$ 19,028,000
Director Retirement Plan [Member]
Other Postretirement Defined Benefit Plan Expected Annual Future Benefit Payments Period	10 years
Minimum [Member]
Other Postretirement Defined Benefit Plan Expected Annual Future Benefit Payments Period		10 years
Maximum [Member]
Other Postretirement Defined Benefit Plan Expected Annual Future Benefit Payments Period		20 years

Note 19 - Regulatory Matters (D

Note 19 - Regulatory Matters (Details Textual) - USD ($) $ in Billions	Dec. 31, 2019		Jan. 01, 2019	Dec. 31, 2018	[1]	Jul. 31, 2013
Common Equity Tier 1 Capital Required for Capital Adequacy to Risk Weighted Assets	7.00%	[1]		6.375%		4.50%
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	8.50%	[1]		7.875%		6.00%
Capital Required for Capital Adequacy to Risk Weighted Assets	10.50%	[1]		9.875%		8.00%
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4.00%	[1]		4.00%		4.00%
Capital Conservation Buffer			2.50%
Community Bank Leverage Ratio Framework, Minimum Tier 1 Leverage Ratio	9.00%
Community Bank Leverage Ratio Framework, Maximum Total Consolidated Assets	$ 10
[1]	The adequately capitalized thresholds in the table above are reflected on a fully phased-in basis, which occurred in January 2019.

Note 19 - Regulatory Matters -

Note 19 - Regulatory Matters - Company and Bank's Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands		Dec. 31, 2019		Dec. 31, 2018		Jul. 31, 2013
Total capital (to Risk- Weighted Assets), Amount		$ 115,910		$ 104,613
Total capital (to Risk- Weighted Assets), Ratio		12.40%		11.80%
Total capital (to Risk- Weighted Assets), Adequately capitalized threshold, Amount	[1]	$ 98,428		$ 87,699
Total capital (to Risk- Weighted Assets), Adequately capitalized threshold, Ratio		10.50%	[1]	9.875%	[1]	8.00%
Tier I capital (to Risk- Weighted Assets), Amount		$ 106,337		$ 95,532
Tier I capital (to Risk- Weighted Assets), Ratio		11.30%		10.80%
Tier I capital (to Risk- Weighted Assets), Adequately capitalized threshold, Amount	[1]	$ 79,680		$ 69,937
Tier I capital (to Risk- Weighted Assets), Adequately capitalized threshold, Ratio		8.50%	[1]	7.875%	[1]	6.00%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Amount		$ 106,337		$ 95,532
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio		11.30%		10.80%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Adequately capitalized threshold, Amount	[1]	$ 65,619		$ 56,616
Common Equity Tier 1 Capital (to Risk Weighted Assets), Adequately capitalized threshold, Ratio		7.00%	[1]	6.375%	[1]	4.50%
Tier I capital (to Average Assets), Amount		$ 106,337		$ 95,532
Tier I capital (to Average Assets), Ratio		9.50%		8.80%
Tier I capital (to Average Assets), Adequately capitalized threshold, Amount	[1]	$ 44,951		$ 43,667
Tier I capital (to Average Assets), Adequately capitalized threshold, Ratio		4.00%	[1]	4.00%	[1]	4.00%
Bank [Member]
Total capital (to Risk- Weighted Assets), Amount		$ 115,713		$ 104,253
Total capital (to Risk- Weighted Assets), Ratio		12.30%		11.70%
Total capital (to Risk- Weighted Assets), Adequately capitalized threshold, Amount	[1]	$ 98,423		$ 87,691
Total capital (to Risk- Weighted Assets), Adequately capitalized threshold, Ratio	[1]	10.50%		9.875%
Tier I capital (to Risk- Weighted Assets), Amount		$ 106,140		$ 95,172
Tier I capital (to Risk- Weighted Assets), Ratio		11.30%		10.70%
Tier I capital (to Risk- Weighted Assets), Adequately capitalized threshold, Amount	[1]	$ 79,676		$ 69,931
Tier I capital (to Risk- Weighted Assets), Adequately capitalized threshold, Ratio	[1]	8.50%		7.875%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Amount		$ 106,140		$ 95,172
Common Equity Tier 1 Capital (to Risk Weighted Assets), Ratio		11.30%		10.70%
Common Equity Tier 1 Capital (to Risk Weighted Assets), Adequately capitalized threshold, Amount	[1]	$ 65,615		$ 56,611
Common Equity Tier 1 Capital (to Risk Weighted Assets), Adequately capitalized threshold, Ratio	[1]	7.00%		6.375%
Tier I capital (to Average Assets), Amount		$ 106,140		$ 95,172
Tier I capital (to Average Assets), Ratio		9.50%		8.70%
Tier I capital (to Average Assets), Adequately capitalized threshold, Amount	[1]	$ 44,948		$ 43,665
Tier I capital (to Average Assets), Adequately capitalized threshold, Ratio	[1]	4.00%		4.00%
[1]	The adequately capitalized thresholds in the table above are reflected on a fully phased-in basis, which occurred in January 2019.

Note 20 - Parent Only Condens_3

Note 20 - Parent Only Condensed Financial Statements - Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Interest receivable and other assets	$ 22,062	$ 18,797
Total assets	1,147,785	1,094,887
Interest payable and other liabilities	15,286	9,354
Total liabilities	1,035,215	995,849
Common stock, no par value; 50,000,000 shares authorized, 8,210,147 and 8,194,805 shares issued and outstanding at December 31, 2019 and 2018, respectively	25,435	25,429
Retained earnings	80,961	70,686
Accumulated other comprehensive income (loss), net of tax	2,397	(435)
Total shareholders’ equity	112,570	99,038	$ 90,767
Total liabilities and shareholders' equity	1,147,785	1,094,887
Parent Company [Member]
Cash	149	281
Investment in bank subsidiary	112,373	98,678
Interest receivable and other assets	48	107
Total assets	112,570	99,066
Interest payable and other liabilities		28
Total liabilities		28
Common stock, no par value; 50,000,000 shares authorized, 8,210,147 and 8,194,805 shares issued and outstanding at December 31, 2019 and 2018, respectively	25,435	25,429
Additional paid-in capital	3,777	3,358
Retained earnings	80,961	70,686
Accumulated other comprehensive income (loss), net of tax	2,397	(435)
Total shareholders’ equity	112,570	99,038
Total liabilities and shareholders' equity	$ 112,570	$ 99,066

Note 20 - Parent Only Condens_4

Note 20 - Parent Only Condensed Financial Statements - Condensed Balance Sheets (Details) (Parentheticals) - $ / shares $ / shares in Thousands	Dec. 31, 2019	Dec. 31, 2018
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)	8,210,147	8,194,805
Common stock, shares outstanding (in shares)	8,210,147	8,194,805
Parent Company [Member]
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)	8,210,147	8,194,805
Common stock, shares outstanding (in shares)	8,210,147	8,194,805

Note 20 - Parent Only Condens_5

Note 20 - Parent Only Condensed Financial Statements - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total income	$ 42,602	$ 40,174
Salaries and employee benefits	17,400	16,287
Other operating expenses	5,777	5,313
Total non-interest expense	28,847	27,378
Income before equity in undistributed income of subsidiary	16,689	15,347
Income tax benefit	(4,200)	(3,810)
Net income	12,489	11,537
Parent Company [Member]
Dividends declared by subsidiary	2,214	2,117
Total income	2,214	2,117
Salaries and employee benefits	113	110
Employee benefit expense	549	431
Legal expense	53	90
Other operating expenses	102	108
Total non-interest expense	817	739
Income before equity in undistributed income of subsidiary	1,397	1,378
Equity in undistributed net income of subsidiary	10,863	9,919
Income before income tax benefit	12,260	11,297
Income tax benefit	229	240
Net income	$ 12,489	$ 11,537

Note 20 - Parent Only Condens_6

Note 20 - Parent Only Condensed Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 12,489	$ 11,537
Stock based compensation	549	431
(Increase) decrease in other assets	(4,016)	1,643
Net cash from operating activities	17,209	14,440
Tax withholding payments on vested restricted shares surrendered	(130)	0
Net cash used in financing activities	31,096	45,503
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	21,449	(23,028)
CASH AND CASH EQUIVALENTS, beginning of period	126,145	149,173
CASH AND CASH EQUIVALENTS, end of period	147,594	126,145
Cash paid during the year for income taxes	3,870	4,145
Parent Company [Member]
Net income	12,489	11,537
Undistributed net income of subsidiary	(10,863)	(9,919)
Stock based compensation	549	431
Decrease in other liabilities	(28)	(6)
(Increase) decrease in other assets	59	79
Net cash from operating activities	2,206	2,122
Shareholder cash dividends paid	(2,214)	(2,117)
Proceeds from sale of common stock and exercise of stock options	6	7
Tax withholding payments on vested restricted shares surrendered	(130)	0
Net cash used in financing activities	(2,338)	(2,110)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(132)	12
CASH AND CASH EQUIVALENTS, beginning of period	281	269
CASH AND CASH EQUIVALENTS, end of period	149	281
Cash paid during the year for income taxes	$ 3,870	$ 4,145