Oak Valley Bancorp (OVLY) 10-Q 13 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 05, 2021
Document Information [Line Items]
Entity Central Index Key	0001431567
Entity Registrant Name	Oak Valley Bancorp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-34142
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	26-2326676
Entity Address, Address Line One	125 N. Third Ave.
Entity Address, City or Town	Oakdale
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95361
City Area Code	209
Local Phone Number	848-2265
Title of 12(b) Security	Common Stock
Trading Symbol	OVLY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,234,739

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 303,665,000	$ 193,571,000
Federal funds sold	63,095,000	33,085,000
Cash and cash equivalents	366,760,000	226,656,000
Securities - available for sale	215,480,000	217,164,000
Securities - equity investments	3,397,000	3,425,000
Loans, net of allowance for loan losses of $11,312 and $11,297 at March 31, 2021 and December 31, 2020, respectively	1,011,423,000	997,246,000
Cash surrender value of life insurance	25,489,000	25,325,000
Bank premises and equipment, net	15,744,000	15,770,000
Goodwill and other intangible assets, net	3,717,000	3,740,000
Interest receivable and other assets	23,384,000	22,152,000
Assets, Total	1,665,394,000	1,511,478,000
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits	1,517,785,000	1,367,809,000
Interest payable and other liabilities	15,667,000	13,975,000
Total liabilities	1,533,452,000	1,381,784,000
Shareholders’ equity
Common stock, no par value; 50,000,000 shares authorized, 8,235,939 and 8,218,873 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively	25,435,000	25,435,000
Additional paid-in capital	4,279,000	4,216,000
Retained earnings	95,514,000	92,349,000
Accumulated other comprehensive income, net of tax	6,714,000	7,694,000
Total shareholders’ equity	131,942,000	129,694,000
Liabilities and Equity, Total	$ 1,665,394,000	$ 1,511,478,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Net of allowance for loan loss	$ 11,312	$ 11,297
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)	8,235,939	8,218,873
Common stock, shares outstanding (in shares)	8,235,939	8,218,873

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
INTEREST INCOME
Interest and fees on loans	$ 11,184	$ 8,791
Interest on securities	1,238	1,359
Interest on federal funds sold	6	42
Interest on deposits with banks	49	367
Total interest income	12,477	10,559
INTEREST EXPENSE
Deposits	235	331
Total interest expense	235	331
Net interest income	12,242	10,228
Provision for loan losses	0	450
Net interest income after provision for loan losses	12,242	9,778
NON-INTEREST INCOME
Earnings on cash surrender value of life insurance	164	174
Other	305	383
Total non-interest income	1,176	1,284
NON-INTEREST EXPENSE
Salaries and employee benefits	4,742	4,601
Occupancy expenses	966	868
Data processing fees	494	494
Regulatory assessments (FDIC & DFPI)	117	30
Other operating expenses	1,401	1,456
Total non-interest expense	7,720	7,449
Net income before provision for income taxes	5,698	3,613
Total provision for income taxes	1,341	904
Net Income	$ 4,357	$ 2,709
Net income per share (in dollars per share)	$ 0.54	$ 0.33
Net income per diluted share (in dollars per share)	$ 0.53	$ 0.33
Deposit Account [Member]
NON-INTEREST INCOME
Other income	$ 295	$ 387
Debit Card [Member]
NON-INTEREST INCOME
Other income	381	295
Mortgage Banking [Member]
NON-INTEREST INCOME
Other income	$ 31	$ 45

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net income	$ 4,357	$ 2,709
Other comprehensive income:
Unrealized holding (losses)/gains arising during the period	(1,392)	278
Less: reclassification for net gains included in net income	0	0
Other comprehensive (loss)/income, before tax	(1,392)	278
Tax benefit/(expense) related to items of other comprehensive income	412	(81)
Total other comprehensive (loss)/income	(980)	197
Comprehensive income	$ 3,377	$ 2,907

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2019	8,210,147
Balances at Dec. 31, 2019	$ 25,435	$ 3,777	$ 80,961	$ 2,397	$ 112,570
Restricted stock issued (in shares)	14,006
Restricted stock issued					0
Restricted stock forfeited (in shares)	(1,500)
Restricted stock forfeited					0
Restricted stock surrendered for tax withholding (in shares)	(5,939)
Restricted stock surrendered for tax withholding		(100)			(100)
Cash dividends declared			(1,149)		(1,149)
Stock based compensation		160			160
Other comprehensive income (loss)				197	197
Net income			2,709		2,709
Balances (in shares) at Mar. 31, 2020	8,216,714
Balances at Mar. 31, 2020	$ 25,435	3,837	82,521	2,594	114,387
Balances (in shares) at Dec. 31, 2020	8,218,873
Balances at Dec. 31, 2020	$ 25,435	4,216	92,349	7,694	129,694
Restricted stock issued (in shares)	22,207
Restricted stock issued					0
Restricted stock surrendered for tax withholding (in shares)	(5,141)
Restricted stock surrendered for tax withholding		(84)			(84)
Cash dividends declared			(1,192)		(1,192)
Stock based compensation		147			147
Other comprehensive income (loss)				(980)	(980)
Net income			4,357		4,357
Balances (in shares) at Mar. 31, 2021	8,235,939
Balances at Mar. 31, 2021	$ 25,435	$ 4,279	$ 95,514	$ 6,714	$ 131,942

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash dividends declared, per share (in dollars per share)	$ 0.145	$ 1.40

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,357	$ 2,709
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan losses	0	450
Increase in deferred fees/costs, net	1,469	6
Depreciation	334	265
Amortization of investment securities, net	91	134
Stock based compensation	147	160
Earnings on cash surrender value of life insurance	(164)	(174)
Increase in interest payable and other liabilities	1,839	278
Decrease (increase) in interest receivable	608	(259)
(Increase) decrease in other assets	(1,405)	487
Net cash from operating activities	7,276	4,056
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale securities	(5,792)	(67,627)
Purchases of equity securities	(16)	(21)
Proceeds from maturities, calls, and principal paydowns of securities available for sale	6,037	12,651
Investment in LIHTC	(147)	(241)
Net increase in loans	(15,646)	(9,135)
Purchases of premises and equipment	(308)	(210)
Net cash used in investing activities	(15,872)	(64,583)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder cash dividends paid	(1,192)	(1,149)
Net increase in demand deposits and savings accounts	149,169	8,757
Net increase (decrease) in time deposits	807	(1,761)
Tax withholding payments on vested restricted shares surrendered	(84)	(100)
Net cash from financing activities	148,700	5,747
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	140,104	(54,780)
CASH AND CASH EQUIVALENTS, beginning of period	226,656	147,594
CASH AND CASH EQUIVALENTS, end of period	366,760	92,814
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest	236	317
NON-CASH INVESTING ACTIVITIES:
Change in unrealized gain on securities	(1,392)	278
Lease right-of-use assets	1,030	(241)
NON-CASH FINANCING ACTIVITIES:
Present value of lease obligations	$ (1,015)	$ (255)

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 1 BASIS OF PRESENTATION On July 3, 2008 one The consolidated financial statements include the accounts of the parent company and its wholly-owned bank subsidiary. Unless otherwise stated, the “Company” refers to the consolidated entity, Oak Valley Bancorp, while the “Bank” refers to Oak Valley Community Bank. All material intercompany transactions have been eliminated. The interim consolidated financial statements included in this report are unaudited but reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the financial position and results of operations for the interim periods presented. All such adjustments are of a normal recurring nature. The results of operations for the three March 31, 2021 not no 10 December 31, 2020. 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 (“GAAP”) 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 and fair value measurements. The estimates and assumptions may may 19

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE 2 RECENT ACCOUNTING PRONOUNCEMENTS 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. January 1, 2020 19 September 30, 2020. no not 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 first March 31, 2020, 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 In March 2020, 2020 04 Reference Rate Reform (Subtopic 848 March 12, 2020 December 31, 2022.

Note 3 - Securities

Note 3 - Securities	3 Months Ended
	Mar. 31, 2021
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 $3,397,000 and $3,425,000 as of March 31, 2021 December 31, 2020, three March 31, 2021 2020. 2016 01, three March 31, 2021, 2020. 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 March 31, 2021 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies 20,983 757 (1 ) $ 21,739 Collateralized mortgage obligations 1,179 18 (30 ) 1,167 Municipalities 118,784 8,244 (153 ) 126,875 SBA pools 4,738 7 (20 ) 4,725 Corporate debt 13,729 312 (33 ) 14,008 Asset backed securities 46,536 555 (125 ) 46,966 $ 205,949 $ 9,893 $ (362 ) $ 215,480 The following tables detail the gross unrealized losses and fair values of debt securities aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2021. (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 $ 35 0 57 (1 ) $ 92 $ (1 ) Collateralized mortgage obligations 0 0 557 (30 ) 557 (30 ) Municipalities 2,414 (153 ) 0 0 2,414 (153 ) SBA pools 0 0 3,606 (20 ) 3,606 (20 ) Corporate debt 0 0 2,467 (33 ) 2,467 (33 ) Asset backed securities 8,348 (34 ) 9,980 (91 ) 18,328 (125 ) Total temporarily impaired securities $ 10,797 $ (187 ) $ 16,667 $ (175 ) $ 27,464 $ (362 ) As of March 31, 2021, one two seven one six 12 March 31, 2021, five one two 12 third no not not The amortized cost and estimated fair value of debt securities as of March 31, 2021, may (dollars in thousands) Amortized Fair Cost Value Available-for-sale securities: Due in one year or less $ 10,227 10,428 Due after one year through five years 81,228 85,948 Due after five years through ten years 60,016 63,125 Due after ten years 54,478 55,979 $ 205,949 $ 215,480 The amortized cost and estimated fair values of debt securities as of December 31, 2020 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 22,802 $ 892 $ (2 ) $ 23,692 Collateralized mortgage obligations 1,250 18 (45 ) 1,223 Municipalities 115,706 9,896 0 125,602 SBA pools 5,027 6 (25 ) 5,008 Corporate debt 14,229 308 (185 ) 14,352 Asset backed securities 47,226 392 (331 ) 47,287 $ 206,240 $ 11,512 $ (588 ) $ 217,164 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, 2020. (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 $ 94 (1 ) $ 251 $ (1 ) $ 345 $ (2 ) Collateralized mortgage obligations 0 0 565 (45 ) 565 (45 ) Municipalities 0 0 0 0 0 0 SBA pools 0 0 3,847 (25 ) 3,847 (25 ) Corporate debt 0 0 6,315 (185 ) 6,315 (185 ) Asset backed securities 11,268 (58 ) 25,104 (273 ) 36,372 (331 ) Total temporarily impaired securities $ 11,362 $ (59 ) $ 36,082 $ (529 ) $ 47,444 $ (588 ) At December 31, 2020, fourteen seven three one one 12 December 31, 2020, seven three 12 The Company recognized no gains or losses on called securities during the three March 31, 2021 2020. three March 31, 2021 2020. Debt securities carried at $164,045,000 and $147,795,000 as of March 31, 2021 December 31, 2020,

Note 4 - Loans

Note 4 - Loans	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, (in thousands) March 31, 2021 December 31, 2020 Commercial real estate: Commercial real estate- construction $ 22,505 $ 32,459 Commercial real estate- mortgages 553,098 540,556 Land 5,232 5,318 Farmland 80,848 82,998 Commercial and industrial 314,506 292,006 Consumer 589 636 Consumer residential 30,208 30,887 Agriculture 21,790 28,255 Total loans 1,028,776 1,013,115 Less: Deferred loan fees and costs, net (6,041 ) (4,572 ) Allowance for loan losses (11,312 ) (11,297 ) Net loans $ 1,011,423 $ 997,246 Paycheck Protection Program. April 16, 2020, $350 $310 second April 27, 2020 August 8, 2020. December 31, 2020, not January 2021. January 2021 second two June 5, 2020, five 1%. fourth 2020 first 2021. December 31, 2020, December 31, 2020. first 2021, March 31, 2021. no COVID- 19 19 second 2020 six March 31, 2021 December 31, 2020, second 2020. no 19 not Loan Origination/Risk Management. Commercial and industrial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Underwriting standards are designed to promote relationship banking rather than transactional banking. Once it is determined that the borrower’s management possesses sound ethics and solid business acumen, the Company’s management examines current and projected cash flows to determine the ability of the borrower to repay their obligations as agreed. Commercial and industrial loans are primarily made based on the identified cash flows of the borrower and secondarily made based on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not may may may may Commercial real estate loans are subject to underwriting standards and processes similar to commercial and industrial loans, in addition to those of real estate loans. These loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may third March 31, 2021 December 31, 2020, With respect to loans to developers and builders that are secured by non-owner occupied properties that the Company may may may Agricultural production, real estate and development lending is susceptible to credit risks including adverse weather conditions, pest and disease, as well as market price fluctuations and foreign competition. Agricultural loan underwriting standards are maintained by following Company policies and procedures in place to minimize risk in this lending segment. These standards consist of limiting credit to experienced farmers who have demonstrated farm management capabilities, requiring cash flow projections displaying margins sufficient for repayment from normal farm operations along with equity injected as required by policy, as well as providing adequate secondary repayment and sponsorship including satisfactory collateral support. Credit enhancement obtained through government guarantee programs may The Company originates consumer loans utilizing common underwriting criteria specified in policy. To monitor and manage consumer loan risk, policies and procedures are developed and modified, as needed, jointly by line and staff personnel. This activity, coupled with relatively small loan amounts that are spread across many individual borrowers, minimizes risk. Additionally, trend and outlook reports are reviewed by management on a regular basis. Underwriting standards for 1 4 not The Company maintains an independent loan review program that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Bank’s policies and procedures. Non-Accrual and Past Due Loans. not may may not Non-accrual loans, segregated by class of loans, were as follows: (in thousands) March 31, 2021 December 31, 2020 Commercial real estate: Commercial real estate- construction $ 0 $ 0 Commercial real estate- mortgages 362 0 Land 0 0 Farmland 0 0 Commercial and industrial 0 0 Consumer 0 0 Consumer residential 0 0 Agriculture 0 0 Total non-accrual loans $ 362 $ 0 Had non-accrual loans performed in accordance with their original contract terms, the Company would have recognized additional interest income of approximately $3,000 in the three March 31, 2021, 2020. The following table analyzes past due loans including the past due non-accrual loans in the above table, segregated by class of loans, as of March 31, 2021 ( March 31, 2021 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 $ 22,505 $ 22,505 $ 0 Commercial R.E. - mortgages 0 0 362 362 552,736 553,098 0 Land 0 0 0 0 5,232 5,232 0 Farmland 0 0 0 0 80,848 80,848 0 Commercial and industrial 0 0 0 0 314,506 314,506 0 Consumer 0 0 0 0 589 589 0 Consumer residential 0 0 0 0 30,208 30,208 0 Agriculture 0 0 0 0 21,790 21,790 0 Total $ 0 $ 0 $ 362 $ 362 $ 1,028,414 $ 1,028,776 $ 0 The following table analyzes past due loans including the past due non-accrual loans in the above table, segregated by class of loans, as of December 31, 2020 December 31, 2020 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 $ 32,459 $ 32,459 $ 0 Commercial R.E. - mortgages 362 0 0 362 540,194 540,556 0 Land 0 0 0 0 5,318 5,318 0 Farmland 0 0 0 0 82,998 82,998 0 Commercial and industrial 0 0 0 0 292,006 292,006 0 Consumer 0 0 0 0 636 636 0 Consumer residential 0 0 0 0 30,887 30,887 0 Agriculture 0 0 0 0 28,255 28,255 0 Total $ 362 $ 0 $ 0 362 $ 1,012,753 $ 1,013,115 $ 0 Impaired Loans. three March 31, 2021 2020. Impaired loans as of March 31, 2021 (in thousands) Unpaid Contractual Principal Balance Recorded Investment With No Allowance Recorded Investment With Allowance Total Recorded Investment Related Allowance March 31, 2021 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 362 362 0 362 0 Land 0 0 0 0 0 Farmland 0 0 0 0 0 Commercial and Industrial 0 0 0 0 0 Consumer 0 0 0 0 0 Consumer residential 0 0 0 0 0 Agriculture 0 0 0 0 0 Total $ 362 $ 362 $ 0 $ 362 $ 0 Average recorded investment in impaired loans outstanding as of March 31, 2021 2020 (in thousands) Average Recorded Investment for the 2021 2020 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 Commercial R.E. - mortgages 0 0 Land 133 835 Farmland 0 0 Commercial and Industrial 0 0 Consumer 0 0 Consumer residential 0 192 Agriculture 0 0 Total $ 133 $ 1,027 Impaired loans as of December 31, 2020 (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, 2020 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 0 Land 0 0 0 0 0 724 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 0 0 0 0 0 87 Agriculture 0 0 0 0 0 0 Total $ 0 $ 0 $ 0 $ 0 $ 0 $ 811 Troubled Debt Restructurings one As of March 31, 2021 December 31, 2020, no three March 31, 2021 2020, no twelve three March 31, 2021 2020. ninety Loan Risk Grades The Company grades loans using the following letter system: 1 2 3A 3B 3C 4 5 6 7 8 1. 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 2. 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. 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. 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. 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 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 with 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. 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. not not 7. one may may may not 25 40 65 A proper classification of such a credit would show 40 percent substandard, 25 percent doubtful, and 35 percent loss. A credit classified as doubtful should be resolved within a ‘reasonable’ period of time. Reasonable is generally defined as the period between examinations. In other words, a credit classified as doubtful at an examination should be cleared up before the next exam. However, there may 8. not not no not may not As of March 31, 2021 December 31, 2020, 8 The following table presents weighted average risk grades of the Company’s loan portfolio: March 31, 2021 December 31, 2020 Weighted Average Risk Grade Weighted Average Risk Grade Commercial real estate: Commercial real estate - construction 3.00 3.16 Commercial real estate - mortgages 3.10 3.11 Land 3.94 3.94 Farmland 3.08 3.06 Commercial and industrial 3.00 3.02 Consumer 1.74 1.74 Consumer residential 3.00 3.00 Agriculture 3.02 3.05 Total gross loans 3.06 3.08 The following table presents risk grade totals by class of loans as of March 31, 2021 December 31, 2020. 1 4 (in thousands) Commercial R.E. Commercial R.E. Land Farmland Commercial and Industrial Consumer Consumer Residential Agriculture Total March 31, 2021 Pass $ 22,505 $ 543,596 $ 4,395 $ 78,818 $ 313,064 $ 567 $ 30,171 $ 21,790 $ 1,014,906 Special mention - 9,140 837 - - - - - 9,977 Substandard - 362 - 2,030 1,442 22 37 - 3,893 Total loans $ 22,505 $ 553,098 $ 5,232 $ 80,848 $ 314,506 $ 589 $ 30,208 $ 21,790 $ 1,028,776 December 31, 2020 Pass $ 32,459 $ 531,507 $ 4,469 $ 81,972 $ 290,504 $ 613 $ 30,849 $ 28,007 $ 1,000,380 Special mention - 9,049 849 - - - - - 9,898 Substandard - - - 1,026 1,502 23 38 248 2,837 Total loans $ 32,459 $ 540,556 $ 5,318 $ 82,998 $ 292,006 $ 636 $ 30,887 $ 28,255 $ 1,013,115 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 residential, consumer and agriculture. General valuation allowances are based on general economic conditions and other qualitative risk factors both internal and external to the Bank and the Company. In general, such valuation allowances are determined by evaluating, among other things: (i) the experience, ability and effectiveness of the Bank’s lending management and staff; (ii) the effectiveness of the Bank’s loan policies, procedures and internal controls; (iii) changes in asset quality; (iv) changes in loan portfolio volume; (v) the composition and concentrations of credit; (vi) the impact of competition on loan structuring and pricing; (vii) the effectiveness of the internal loan review function; (viii) the impact of environmental risks on portfolio risks; and (ix) the impact of rising interest rates on portfolio risk. Management evaluates the degree of risk that each one Included in the general valuation allowances are allocations for groups of similar loans with risk characteristics that exceed certain concentration limits established by management. Concentration risk limits have been established, among other things, for certain industry concentrations, large balance and highly leveraged credit relationships that exceed specified risk grades, and loans originated with policy exceptions that exceed specified risk grades. Loans identified as losses by management, internal loan review and/or bank examiners are charged-off. Furthermore, consumer loan accounts are charged-off automatically based on regulatory requirements. The following table details activity in the allowance for loan losses by portfolio segment for the three March 31, 2021 2020. one not Allowance for Loan Losses For the Three Months Ended March 31, 2021 2020 (in thousands) Three Months Ended March 31, 2021 Commercial Real Estate Commercial and Industrial Consumer Consumer Residential Agriculture Total Beginning balance $ 9,310 $ 1,079 $ 22 $ 325 $ 561 $ 11,297 Charge-offs 0 0 (5 ) 0 0 (5 ) Recoveries 16 0 4 0 0 20 Provision for (reversal of) loan losses 194 (64 ) (2 ) 11 (139 ) 0 Ending balance $ 9,520 $ 1,015 $ 19 $ 336 $ 422 $ 11,312 Three Months Ended March 31, 2020 Beginning balance $ 7,277 $ 1,000 $ 38 $ 306 $ 525 $ 9,146 Charge-offs 0 0 (12 ) (2 ) 0 (14 ) Recoveries 0 0 3 1 0 4 Provision for (reversal of) loan losses 414 68 4 23 (59 ) 450 Ending balance $ 7,691 $ 1,068 $ 33 $ 328 $ 466 $ 9,586 The following table details the allowance for loan losses and ending gross loan balances as of March 31, 2021 December 31, 2020, (in thousands) March 31, 2021 Commercial Real Estate Commercial and Industrial Consumer Consumer Residential Agriculture Total Allowance for loan losses for loans: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 9,520 1,015 19 336 422 11,312 $ 9,520 $ 1,015 $ 19 $ 336 $ 422 $ 11,312 Ending gross loan balances: Individually evaluated for impairment $ 362 $ 0 $ 0 $ 0 $ 0 $ 362 Collectively evaluated for impairment 661,321 314,506 589 30,208 21,790 1,028,414 $ 661,683 $ 314,506 $ 589 $ 30,208 $ 21,790 $ 1,028,776 December 31, 2020 Allowance for loan losses for loans: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 9,310 1,079 22 325 561 11,297 $ 9,310 $ 1,079 $ 22 $ 325 $ 561 $ 11,297 Ending gross loan balances: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 661,331 292,006 636 30,887 28,255 1,013,115 $ 661,331 $ 292,006 $ 636 $ 30,887 $ 28,255 $ 1,013,115 Changes in the reserve for off-balance-sheet commitments were as follows: THREE MONTHS ENDED MARCH 31, (in thousands) 2021 2020 Balance, beginning of period $ 379 $ 427 Provision to (reversal of) Operations for Off Balance Sheet Commitments 49 (31 ) Balance, end of period $ 428 $ 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 condensed consolidated balance sheets. At March 31, 2021 December 31, 2020,

Note 5 - Financial Instruments

Note 5 - Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	NOTE 5 FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Fair values of financial instruments March 31, 2021 December 31, 2020. not We determine the fair values of our financial instruments based on the fair value hierarchy established under applicable accounting guidance which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value: Level 1: Level 2: Level 3: In certain cases, the inputs used to measure fair value may no three March 31, 2021 2020. 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 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 March 31, 2021 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents 366,760 366,760 1 Restricted equity securities 4,758 4,758 2 Loans, net 1,011,423 1,023,476 3 Interest receivable 5,081 5,081 2 Financial liabilities: Deposits (1,517,785 ) (1,517,814 ) 3 Interest payable (21 ) (21 ) 2 Off-balance-sheet liabilities: Commitments and standby letters of credit 1,641 3 The estimated fair values of the Company’s financial instruments not December 31, 2020 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 226,656 $ 226,656 1 Restricted equity securities 4,757 4,757 2 Loans, net 997,246 1,006,335 3 Interest receivable 5,689 5,689 2 Financial liabilities: Deposits (1,367,809 ) (1,367,874 ) 3 Interest payable (20 ) (20 ) 2 Off-balance-sheet liabilities: Commitments and standby letters of credit 1,457 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 March 31, 2021 December 31, 2020. Fair Value Measurements as of March 31, 2021 Using (in thousands) March 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 21,739 $ 0 $ 21,739 $ 0 Collateralized mortgage obligations 1,167 0 1,167 0 Municipalities 126,875 0 126,875 0 SBA pools 4,725 0 4,725 0 Corporate debt 14,008 0 14,008 0 Asset backed securities 46,966 0 46,966 0 Equity Securities: Mutual fund $ 3,397 $ 3,397 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Commercial real estate - mortgages $ 362 $ 0 $ 0 $ 362 Fair Value Measurements at December 31, 2020 Using (in thousands) December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 23,692 $ 0 $ 23,692 $ 0 Collateralized mortgage obligations 1,223 0 1,223 0 Municipalities 125,602 0 125,602 0 SBA pools 5,008 0 5,008 0 Corporate debt 14,352 0 14,352 0 Asset backed securities 47,287 0 47,287 0 Equity Securities: Mutual fund $ 3,425 $ 3,425 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: N/A 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 three March 31, 2021.

Note 6 - Earnings Per Share

Note 6 - Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 6 EARNINGS PER SHARE Earnings per share (“EPS”) are based upon the weighted average number of common shares outstanding during each year. The following table shows: ( 1 2 3 two two not The Company’s calculation of basic and diluted EPS for the three March 31, 2021 2020 THREE MONTHS ENDED (In thousands) MARCH 31, 2021 2020 BASIC EARNINGS PER SHARE Net income $ 4,357 $ 2,709 Weighted average shares outstanding 8,135 8,115 Net income per common share $ 0.54 $ 0.33 DILUTED EARNINGS PER SHARE Net income $ 4,357 $ 2,709 Weighted average shares outstanding 8,135 8,115 Effect of dilutive non-vested restricted shares 31 20 Weighted average shares of common stock and common stock equivalents 8,166 8,135 Net income per diluted common share $ 0.53 $ 0.33

Note 7 - Risks and Uncertaintie

Note 7 - Risks and Uncertainties	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Effect of Covid-19 Pandemic [Text Block]	NOTE 7 RISKS AND UNCERTAINTIES The coronavirus (“COVID- 19” March 31, 2020. March 31, 2021. not not The most significant impact of COVID- 19 19 no March 31, 2021 19 19 may not Increased demand for liquidity by clients is another impact that could occur should the COVID- 19 March 31, 2021, 19, The extent to which the COVID- 19 may 1A, 19.

Note 3 - Securities (Tables)

Note 3 - Securities (Tables)	3 Months Ended
	Mar. 31, 2021
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 20,983 757 (1 ) $ 21,739 Collateralized mortgage obligations 1,179 18 (30 ) 1,167 Municipalities 118,784 8,244 (153 ) 126,875 SBA pools 4,738 7 (20 ) 4,725 Corporate debt 13,729 312 (33 ) 14,008 Asset backed securities 46,536 555 (125 ) 46,966 $ 205,949 $ 9,893 $ (362 ) $ 215,480 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available-for-sale securities: U.S. agencies $ 22,802 $ 892 $ (2 ) $ 23,692 Collateralized mortgage obligations 1,250 18 (45 ) 1,223 Municipalities 115,706 9,896 0 125,602 SBA pools 5,027 6 (25 ) 5,008 Corporate debt 14,229 308 (185 ) 14,352 Asset backed securities 47,226 392 (331 ) 47,287 $ 206,240 $ 11,512 $ (588 ) $ 217,164
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 $ 35 0 57 (1 ) $ 92 $ (1 ) Collateralized mortgage obligations 0 0 557 (30 ) 557 (30 ) Municipalities 2,414 (153 ) 0 0 2,414 (153 ) SBA pools 0 0 3,606 (20 ) 3,606 (20 ) Corporate debt 0 0 2,467 (33 ) 2,467 (33 ) Asset backed securities 8,348 (34 ) 9,980 (91 ) 18,328 (125 ) Total temporarily impaired securities $ 10,797 $ (187 ) $ 16,667 $ (175 ) $ 27,464 $ (362 ) (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 $ 94 (1 ) $ 251 $ (1 ) $ 345 $ (2 ) Collateralized mortgage obligations 0 0 565 (45 ) 565 (45 ) Municipalities 0 0 0 0 0 0 SBA pools 0 0 3,847 (25 ) 3,847 (25 ) Corporate debt 0 0 6,315 (185 ) 6,315 (185 ) Asset backed securities 11,268 (58 ) 25,104 (273 ) 36,372 (331 ) Total temporarily impaired securities $ 11,362 $ (59 ) $ 36,082 $ (529 ) $ 47,444 $ (588 )
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 $ 10,227 10,428 Due after one year through five years 81,228 85,948 Due after five years through ten years 60,016 63,125 Due after ten years 54,478 55,979 $ 205,949 $ 215,480

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(in thousands) March 31, 2021 December 31, 2020 Commercial real estate: Commercial real estate- construction $ 22,505 $ 32,459 Commercial real estate- mortgages 553,098 540,556 Land 5,232 5,318 Farmland 80,848 82,998 Commercial and industrial 314,506 292,006 Consumer 589 636 Consumer residential 30,208 30,887 Agriculture 21,790 28,255 Total loans 1,028,776 1,013,115 Less: Deferred loan fees and costs, net (6,041 ) (4,572 ) Allowance for loan losses (11,312 ) (11,297 ) Net loans $ 1,011,423 $ 997,246
Financing Receivable, Nonaccrual [Table Text Block]	(in thousands) March 31, 2021 December 31, 2020 Commercial real estate: Commercial real estate- construction $ 0 $ 0 Commercial real estate- mortgages 362 0 Land 0 0 Farmland 0 0 Commercial and industrial 0 0 Consumer 0 0 Consumer residential 0 0 Agriculture 0 0 Total non-accrual loans $ 362 $ 0
Financing Receivable, Past Due [Table Text Block]	March 31, 2021 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 $ 22,505 $ 22,505 $ 0 Commercial R.E. - mortgages 0 0 362 362 552,736 553,098 0 Land 0 0 0 0 5,232 5,232 0 Farmland 0 0 0 0 80,848 80,848 0 Commercial and industrial 0 0 0 0 314,506 314,506 0 Consumer 0 0 0 0 589 589 0 Consumer residential 0 0 0 0 30,208 30,208 0 Agriculture 0 0 0 0 21,790 21,790 0 Total $ 0 $ 0 $ 362 $ 362 $ 1,028,414 $ 1,028,776 $ 0 December 31, 2020 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 $ 32,459 $ 32,459 $ 0 Commercial R.E. - mortgages 362 0 0 362 540,194 540,556 0 Land 0 0 0 0 5,318 5,318 0 Farmland 0 0 0 0 82,998 82,998 0 Commercial and industrial 0 0 0 0 292,006 292,006 0 Consumer 0 0 0 0 636 636 0 Consumer residential 0 0 0 0 30,887 30,887 0 Agriculture 0 0 0 0 28,255 28,255 0 Total $ 362 $ 0 $ 0 362 $ 1,012,753 $ 1,013,115 $ 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 March 31, 2021 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 362 362 0 362 0 Land 0 0 0 0 0 Farmland 0 0 0 0 0 Commercial and Industrial 0 0 0 0 0 Consumer 0 0 0 0 0 Consumer residential 0 0 0 0 0 Agriculture 0 0 0 0 0 Total $ 362 $ 362 $ 0 $ 362 $ 0 (in thousands) Average Recorded Investment for the 2021 2020 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 Commercial R.E. - mortgages 0 0 Land 133 835 Farmland 0 0 Commercial and Industrial 0 0 Consumer 0 0 Consumer residential 0 192 Agriculture 0 0 Total $ 133 $ 1,027 (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, 2020 Commercial real estate: Commercial R.E. - construction $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Commercial R.E. - mortgages 0 0 0 0 0 0 Land 0 0 0 0 0 724 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 0 0 0 0 0 87 Agriculture 0 0 0 0 0 0 Total $ 0 $ 0 $ 0 $ 0 $ 0 $ 811
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 March 31, 2021 Pass $ 22,505 $ 543,596 $ 4,395 $ 78,818 $ 313,064 $ 567 $ 30,171 $ 21,790 $ 1,014,906 Special mention - 9,140 837 - - - - - 9,977 Substandard - 362 - 2,030 1,442 22 37 - 3,893 Total loans $ 22,505 $ 553,098 $ 5,232 $ 80,848 $ 314,506 $ 589 $ 30,208 $ 21,790 $ 1,028,776 December 31, 2020 Pass $ 32,459 $ 531,507 $ 4,469 $ 81,972 $ 290,504 $ 613 $ 30,849 $ 28,007 $ 1,000,380 Special mention - 9,049 849 - - - - - 9,898 Substandard - - - 1,026 1,502 23 38 248 2,837 Total loans $ 32,459 $ 540,556 $ 5,318 $ 82,998 $ 292,006 $ 636 $ 30,887 $ 28,255 $ 1,013,115
Financing Receivable, Allowance for Credit Loss [Table Text Block]	(in thousands) Three Months Ended March 31, 2021 Commercial Real Estate Commercial and Industrial Consumer Consumer Residential Agriculture Total Beginning balance $ 9,310 $ 1,079 $ 22 $ 325 $ 561 $ 11,297 Charge-offs 0 0 (5 ) 0 0 (5 ) Recoveries 16 0 4 0 0 20 Provision for (reversal of) loan losses 194 (64 ) (2 ) 11 (139 ) 0 Ending balance $ 9,520 $ 1,015 $ 19 $ 336 $ 422 $ 11,312 Three Months Ended March 31, 2020 Beginning balance $ 7,277 $ 1,000 $ 38 $ 306 $ 525 $ 9,146 Charge-offs 0 0 (12 ) (2 ) 0 (14 ) Recoveries 0 0 3 1 0 4 Provision for (reversal of) loan losses 414 68 4 23 (59 ) 450 Ending balance $ 7,691 $ 1,068 $ 33 $ 328 $ 466 $ 9,586 (in thousands) March 31, 2021 Commercial Real Estate Commercial and Industrial Consumer Consumer Residential Agriculture Total Allowance for loan losses for loans: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 9,520 1,015 19 336 422 11,312 $ 9,520 $ 1,015 $ 19 $ 336 $ 422 $ 11,312 Ending gross loan balances: Individually evaluated for impairment $ 362 $ 0 $ 0 $ 0 $ 0 $ 362 Collectively evaluated for impairment 661,321 314,506 589 30,208 21,790 1,028,414 $ 661,683 $ 314,506 $ 589 $ 30,208 $ 21,790 $ 1,028,776 December 31, 2020 Allowance for loan losses for loans: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 9,310 1,079 22 325 561 11,297 $ 9,310 $ 1,079 $ 22 $ 325 $ 561 $ 11,297 Ending gross loan balances: Individually evaluated for impairment $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Collectively evaluated for impairment 661,331 292,006 636 30,887 28,255 1,013,115 $ 661,331 $ 292,006 $ 636 $ 30,887 $ 28,255 $ 1,013,115
Change in Allowance for Loan Losses [Table Text Block]	THREE MONTHS ENDED MARCH 31, (in thousands) 2021 2020 Balance, beginning of period $ 379 $ 427 Provision to (reversal of) Operations for Off Balance Sheet Commitments 49 (31 ) Balance, end of period $ 428 $ 396
Weighted Average [Member]
Notes Tables
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2021 December 31, 2020 Weighted Average Risk Grade Weighted Average Risk Grade Commercial real estate: Commercial real estate - construction 3.00 3.16 Commercial real estate - mortgages 3.10 3.11 Land 3.94 3.94 Farmland 3.08 3.06 Commercial and industrial 3.00 3.02 Consumer 1.74 1.74 Consumer residential 3.00 3.00 Agriculture 3.02 3.05 Total gross loans 3.06 3.08

Note 5 - Financial Instrument_2

Note 5 - Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
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 366,760 366,760 1 Restricted equity securities 4,758 4,758 2 Loans, net 1,011,423 1,023,476 3 Interest receivable 5,081 5,081 2 Financial liabilities: Deposits (1,517,785 ) (1,517,814 ) 3 Interest payable (21 ) (21 ) 2 Off-balance-sheet liabilities: Commitments and standby letters of credit 1,641 3 Hierarchy (in thousands) Carrying Fair Valuation Amount Value Level Financial assets: Cash and cash equivalents $ 226,656 $ 226,656 1 Restricted equity securities 4,757 4,757 2 Loans, net 997,246 1,006,335 3 Interest receivable 5,689 5,689 2 Financial liabilities: Deposits (1,367,809 ) (1,367,874 ) 3 Interest payable (20 ) (20 ) 2 Off-balance-sheet liabilities: Commitments and standby letters of credit 1,457 3
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value Measurements as of March 31, 2021 Using (in thousands) March 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 21,739 $ 0 $ 21,739 $ 0 Collateralized mortgage obligations 1,167 0 1,167 0 Municipalities 126,875 0 126,875 0 SBA pools 4,725 0 4,725 0 Corporate debt 14,008 0 14,008 0 Asset backed securities 46,966 0 46,966 0 Equity Securities: Mutual fund $ 3,397 $ 3,397 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: Impaired loans: Commercial real estate - mortgages $ 362 $ 0 $ 0 $ 362 Fair Value Measurements at December 31, 2020 Using (in thousands) December 31, 2020 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets and liabilities measured on a recurring basis: Available-for-sale securities: U.S. agencies $ 23,692 $ 0 $ 23,692 $ 0 Collateralized mortgage obligations 1,223 0 1,223 0 Municipalities 125,602 0 125,602 0 SBA pools 5,008 0 5,008 0 Corporate debt 14,352 0 14,352 0 Asset backed securities 47,287 0 47,287 0 Equity Securities: Mutual fund $ 3,425 $ 3,425 $ 0 $ 0 Assets and liabilities measured on a non-recurring basis: N/A

Note 6 - Earnings Per Share (Ta

Note 6 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	THREE MONTHS ENDED (In thousands) MARCH 31, 2021 2020 BASIC EARNINGS PER SHARE Net income $ 4,357 $ 2,709 Weighted average shares outstanding 8,135 8,115 Net income per common share $ 0.54 $ 0.33 DILUTED EARNINGS PER SHARE Net income $ 4,357 $ 2,709 Weighted average shares outstanding 8,135 8,115 Effect of dilutive non-vested restricted shares 31 20 Weighted average shares of common stock and common stock equivalents 8,166 8,135 Net income per diluted common share $ 0.53 $ 0.33

Note 1 - Basis of Presentation

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

Note 3 - Securities (Details Te

Note 3 - Securities (Details Textual)	3 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Equity Securities, FV-NI	$ 3,397,000		$ 3,425,000
Equity Securities, FV-NI, Realized Gain (Loss), Total	0
Equity Securities, FV-NI, Unrealized Gain (Loss), Total	(45,000)	$ 52,000
Debt Securities, Available-for-sale, Realized Gain	$ 0	$ 0
Number of Debt Securities, Available-for-sale, Sold	0	0
Security Owned and Pledged as Collateral, Fair Value, Total	$ 164,045,000		$ 147,795,000
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	1		3
US Government Agencies Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	2		1
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	1		3
SBA Pool [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	7		7
Collateralized Mortgage Obligations [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	1		1
Asset-backed Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions	6		14
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	5		7
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions	2

Note 3 - Securities - Amortized

Note 3 - Securities - Amortized Cost and Estimated Fair Values of Debt Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available-for-sale securities, amortized cost	$ 205,949	$ 206,240
Available-for-sale securities, gross unrealized gains	9,893	11,512
Available-for-sale securities, gross unrealized losses	(362)	(588)
Available-for-sale securities, fair market value	215,480	217,164
US Government Agencies Debt Securities [Member]
Available-for-sale securities, amortized cost	20,983	22,802
Available-for-sale securities, gross unrealized gains	757	892
Available-for-sale securities, gross unrealized losses	(1)	(2)
Available-for-sale securities, fair market value	21,739	23,692
Collateralized Mortgage Obligations [Member]
Available-for-sale securities, amortized cost	1,179	1,250
Available-for-sale securities, gross unrealized gains	18	18
Available-for-sale securities, gross unrealized losses	(30)	(45)
Available-for-sale securities, fair market value	1,167	1,223
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities, amortized cost	118,784	115,706
Available-for-sale securities, gross unrealized gains	8,244	9,896
Available-for-sale securities, gross unrealized losses	(153)	0
Available-for-sale securities, fair market value	126,875	125,602
SBA Pool [Member]
Available-for-sale securities, amortized cost	4,738	5,027
Available-for-sale securities, gross unrealized gains	7	6
Available-for-sale securities, gross unrealized losses	(20)	(25)
Available-for-sale securities, fair market value	4,725	5,008
Corporate Debt Securities [Member]
Available-for-sale securities, amortized cost	13,729	14,229
Available-for-sale securities, gross unrealized gains	312	308
Available-for-sale securities, gross unrealized losses	(33)	(185)
Available-for-sale securities, fair market value	14,008	14,352
Asset-backed Securities [Member]
Available-for-sale securities, amortized cost	46,536	47,226
Available-for-sale securities, gross unrealized gains	555	392
Available-for-sale securities, gross unrealized losses	(125)	(331)
Available-for-sale securities, fair market value	$ 46,966	$ 47,287

Note 3 - Securities - Securitie

Note 3 - Securities - Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Less than 12 months, fair value	$ 10,797	$ 11,362
Less than 12 months, unrealized loss	(187)	(59)
12 months or more, fair value	16,667	36,082
12 months or more, unrealized loss	(175)	(529)
Fair value	27,464	47,444
Unrealized loss	(362)	(588)
US Government Agencies Debt Securities [Member]
Less than 12 months, fair value	35	94
Less than 12 months, unrealized loss	0	(1)
12 months or more, fair value	57	251
12 months or more, unrealized loss	(1)	(1)
Fair value	92	345
Unrealized loss	(1)	(2)
Collateralized Mortgage Obligations [Member]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized loss	0	0
12 months or more, fair value	557	565
12 months or more, unrealized loss	(30)	(45)
Fair value	557	565
Unrealized loss	(30)	(45)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value	2,414	0
Less than 12 months, unrealized loss	(153)	0
12 months or more, fair value	0	0
12 months or more, unrealized loss	0	0
Fair value	2,414	0
Unrealized loss	(153)	0
SBA Pool [Member]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized loss	0	0
12 months or more, fair value	3,606	3,847
12 months or more, unrealized loss	(20)	(25)
Fair value	3,606	3,847
Unrealized loss	(20)	(25)
Corporate Debt Securities [Member]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized loss	0	0
12 months or more, fair value	2,467	6,315
12 months or more, unrealized loss	(33)	(185)
Fair value	2,467	6,315
Unrealized loss	(33)	(185)
Asset-backed Securities [Member]
Less than 12 months, fair value	8,348	11,268
Less than 12 months, unrealized loss	(34)	(58)
12 months or more, fair value	9,980	25,104
12 months or more, unrealized loss	(91)	(273)
Fair value	18,328	36,372
Unrealized loss	$ (125)	$ (331)

Note 3 - Securities - Contractu

Note 3 - Securities - Contractual Maturity or Call Date (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Due in one year or less, amortized cost	$ 10,227
Due in one year or less, fair value	10,428
Due after one year through five years, amortized cost	81,228
Due after one year through five years, fair value	85,948
Due after five years through ten years, amortized cost	60,016
Due after five years through ten years, fair value	63,125
Due after ten years, amortized cost	54,478
Due after ten years, fair value	55,979
Amortized cost	205,949	$ 206,240
Fair Value	$ 215,480	$ 217,164

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual)	3 Months Ended			12 Months Ended
	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Loans and Leases Receivable, Gross, Total	$ 1,028,776,000	$ 1,013,115,000		$ 1,013,115,000
Financing Receivable, Number of Paycheck Protection Program Loans Originated	693	1,671		1,671
Financing Receivable, Paycheck Protection Program Loans Originated		$ 244,197,000		$ 244,197,000
Financing Receivable, Number of Payment Deferrals		0		0
Loans and Leases Receivable, Percentage of Outstanding Principal Balance Secured by Owner Occupied Properties	36.00%	36.00%		36.00%
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	$ 3,000		$ 11,000
Impaired Financing Receivable, Interest Income, Accrual Method, Total	$ 0
Financing Receivable, Modifications, Number of Contracts	0		0	0
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0		0
Financing Receivable Modifications, Period Contractually Past Due for Loan to Be Considered in Payment Default (Day)	90 days
Loans and Leases Receivable, Minimum Cash Collateral Percent	110.00%
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	$ 1,028,776,000	$ 1,013,115,000		$ 1,013,115,000
Substandard [Member]
Loans and Leases Receivable, Gross, Total	$ 3,893,000	2,837,000		2,837,000
Financing Receivable Rating Example, Percentage of Loans Classified in Rating Category	40.00%
Doubtful [Member]
Financing Receivable Rating Example, Percentage of Loans Classified in Rating Category	25.00%
Unlikely to be Collected Financing Receivable [Member]
Loans and Leases Receivable, Gross, Total	$ 0	0		0
Financing Receivable Rating Example, Percentage of Loans Classified in Rating Category	35.00%
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%
SBA CARES Act Paycheck Protection Program [Member]
Loans and Leases Receivable, Gross, Total	$ 234,944,000	210,822,000		210,822,000
Loans and Leases Receivable, Paid-off Through Forgiveness	62,000,000	33,375,000
Financing Receivable, Paycheck Protection Program Loans Originated	$ 86,880,000
Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	64.00%
Loans and Leases Receivable, Gross, Total	$ 661,683,000	661,331,000		661,331,000
Commercial Portfolio Segment [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	31.00%
Loans and Leases Receivable, Gross, Total	$ 314,506,000	292,006,000		292,006,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans and Leases Receivable, Gross, Total	1,442,000	1,502,000		1,502,000
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member]
Loans and Leases Receivable, Gross, Total	$ 234,944,000
Residential Real Estate and Other Consumer Loans [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	3.00%
Agriculture [Member]
Loans and Leases Receivable, Gross Carrying Amount As Percentage of Total Loans	2.00%
Loans and Leases Receivable, Gross, Total	$ 21,790,000	28,255,000		28,255,000
Agriculture [Member] | Substandard [Member]
Loans and Leases Receivable, Gross, Total	$ 0	$ 248,000		$ 248,000

Note 4 - Loans - Loans (Details

Note 4 - Loans - Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Loans	$ 1,028,776	$ 1,013,115
Deferred loan fees and costs, net	(6,041)	(4,572)
Allowance for loan losses	(11,312)	(11,297)	$ (9,586)	$ (9,146)
Net loans	1,011,423	997,246
Commercial Real Estate Portfolio Segment [Member]
Loans	661,683	661,331
Allowance for loan losses	(9,520)	(9,310)	(7,691)	(7,277)
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	22,505	32,459
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	553,098	540,556
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	5,232	5,318
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	80,848	82,998
Commercial Portfolio Segment [Member]
Loans	314,506	292,006
Allowance for loan losses	(1,015)	(1,079)	(1,068)	(1,000)
Consumer Portfolio Segment [Member]
Loans	589	636
Allowance for loan losses	(19)	(22)	(33)	(38)
Residential Portfolio Segment [Member]
Loans	30,208	30,887
Allowance for loan losses	(336)	(325)	(328)	(306)
Agriculture [Member]
Loans	21,790	28,255
Allowance for loan losses	$ (422)	$ (561)	$ (466)	$ (525)

Note 4 - Loans - Non Accrual Lo

Note 4 - Loans - Non Accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2019
Non-accrual loans	$ 362	$ 0
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Non-accrual loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Non-accrual loans	362	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Non-accrual loans	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Non-accrual loans	0	0
Commercial Portfolio Segment [Member]
Non-accrual loans	0	0
Consumer Portfolio Segment [Member]
Non-accrual loans	0	0
Residential Portfolio Segment [Member]
Non-accrual loans	0	0
Agriculture [Member]
Non-accrual loans	$ 0	$ 0

Note 4 - Loans - Aging of Past

Note 4 - Loans - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Past due	$ 362	$ 362
Current	1,028,414	1,012,753
Loans	1,028,776	1,013,115
Greater than 90 days past due and still accruing	0	0
Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	362
Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	362	0
Commercial Real Estate Portfolio Segment [Member]
Loans	661,683	661,331
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Past due	0	0
Current	22,505	32,459
Loans	22,505	32,459
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	362	362
Current	552,736	540,194
Loans	553,098	540,556
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	362
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	362	0
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Past due	0	0
Current	5,232	5,318
Loans	5,232	5,318
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	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Past due	0	0
Current	80,848	82,998
Loans	80,848	82,998
Greater than 90 days past due and still accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Commercial Portfolio Segment [Member]
Past due	0	0
Current	314,506	292,006
Loans	314,506	292,006
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	0
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member]
Past due	0	0
Current	589	636
Loans	589	636
Greater than 90 days past due and still accruing	0	0
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Residential Portfolio Segment [Member]
Past due	0	0
Current	30,208	30,887
Loans	30,208	30,887
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	0
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	0	0
Agriculture [Member]
Past due	0	0
Current	21,790	28,255
Loans	21,790	28,255
Greater than 90 days past due and still accruing	0	0
Agriculture [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Past due	0	0
Agriculture [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Past due	0	0
Agriculture [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	$ 0	$ 0

Note 4 - Loans - Impaired Loans

Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Unpaid contractual principal	$ 362		$ 0
Recorded investment with no allowance	362		0
Recorded investment with allowance	0		0
Total recorded investment	362		0
Related allowance	0		0
Average recorded investment	133	$ 1,027	811
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	0
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Unpaid contractual principal	362		0
Recorded investment with no allowance	362		0
Recorded investment with allowance	0		0
Total recorded investment	362		0
Related allowance	0		0
Average recorded investment	0	0	0
Commercial Real Estate Portfolio Segment [Member] | Land 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	133	835	724
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	0
Commercial 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	0
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	0
Residential 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	192	87
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	$ 0

Note 4 - Loans - Weighted Avera

Note 4 - Loans - Weighted Average Risk Grades of Loan Portfolio (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Weighted average risk grade of loans	3.06	3.08
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Weighted average risk grade of loans	3	3.16
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Weighted average risk grade of loans	3.10	3.11
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Weighted average risk grade of loans	3.94	3.94
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Weighted average risk grade of loans	3.08	3.06
Commercial Portfolio Segment [Member]
Weighted average risk grade of loans	3	3.02
Consumer Portfolio Segment [Member]
Weighted average risk grade of loans	1.74	1.74
Residential Portfolio Segment [Member]
Weighted average risk grade of loans	3	3
Agriculture [Member]
Weighted average risk grade of loans	3.02	3.05

Note 4 - Loans - Loans by Credi

Note 4 - Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans	$ 1,028,776	$ 1,013,115
Commercial Real Estate Portfolio Segment [Member]
Loans	661,683	661,331
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	22,505	32,459
Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	553,098	540,556
Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	5,232	5,318
Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	80,848	82,998
Commercial Portfolio Segment [Member]
Loans	314,506	292,006
Consumer Portfolio Segment [Member]
Loans	589	636
Residential Portfolio Segment [Member]
Loans	30,208	30,887
Agriculture [Member]
Loans	21,790	28,255
Pass [Member]
Loans	1,014,906	1,000,380
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	22,505	32,459
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	543,596	531,507
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	4,395	4,469
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	78,818	81,972
Pass [Member] | Commercial Portfolio Segment [Member]
Loans	313,064	290,504
Pass [Member] | Consumer Portfolio Segment [Member]
Loans	567	613
Pass [Member] | Residential Portfolio Segment [Member]
Loans	30,171	30,849
Pass [Member] | Agriculture [Member]
Loans	21,790	28,007
Special Mention [Member]
Loans	9,977	9,898
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	0	0
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	9,140	9,049
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	837	849
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	0	0
Special Mention [Member] | Commercial Portfolio Segment [Member]
Loans	0	0
Special Mention [Member] | Consumer Portfolio Segment [Member]
Loans	0	0
Special Mention [Member] | Residential Portfolio Segment [Member]
Loans	0	0
Special Mention [Member] | Agriculture [Member]
Loans	0	0
Substandard [Member]
Loans	3,893	2,837
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Loans	0	0
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Mortgage Loans [Member]
Loans	362	0
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Land Loans [Member]
Loans	0	0
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Farmland Loans [Member]
Loans	2,030	1,026
Substandard [Member] | Commercial Portfolio Segment [Member]
Loans	1,442	1,502
Substandard [Member] | Consumer Portfolio Segment [Member]
Loans	22	23
Substandard [Member] | Residential Portfolio Segment [Member]
Loans	37	38
Substandard [Member] | Agriculture [Member]
Loans	$ 0	$ 248

Note 4 - Loans - Allowance for

Note 4 - Loans - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Beginning balance	$ 11,297	$ 9,146
Charge-offs	(5)	(14)
Recoveries	20	4
Provision for loan losses	0	450
Ending balance	11,312	9,586
Loans and Leases Receivable, Allowance, Ending Balance	11,297	9,586	$ 11,312	$ 11,297
Loans and Leases Receivable, Gross, Total			1,028,776	1,013,115
Commercial Real Estate Portfolio Segment [Member]
Beginning balance	9,310	7,277
Charge-offs	0	0
Recoveries	16	0
Provision for loan losses	194	414
Ending balance	9,520	7,691
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			9,520	9,310
Loans and Leases Receivable, Allowance, Ending Balance	9,520	7,691	9,520	9,310
Individually evaluated for impairment			362	0
Collectively evaluated for impairment			661,321	661,331
Loans and Leases Receivable, Gross, Total			661,683	661,331
Commercial Portfolio Segment [Member]
Beginning balance	1,079	1,000
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	(64)	68
Ending balance	1,015	1,068
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			1,015	1,079
Loans and Leases Receivable, Allowance, Ending Balance	1,015	1,068	1,015	1,079
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			314,506	292,006
Loans and Leases Receivable, Gross, Total			314,506	292,006
Consumer Portfolio Segment [Member]
Beginning balance	22	38
Charge-offs	(5)	(12)
Recoveries	4	3
Provision for loan losses	(2)	4
Ending balance	19	33
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			19	22
Loans and Leases Receivable, Allowance, Ending Balance	19	33	19	22
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			589	636
Loans and Leases Receivable, Gross, Total			589	636
Residential Portfolio Segment [Member]
Beginning balance	325	306
Charge-offs	0	(2)
Recoveries	0	1
Provision for loan losses	11	23
Ending balance	336	328
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			336	325
Loans and Leases Receivable, Allowance, Ending Balance	336	328	336	325
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			30,208	30,887
Loans and Leases Receivable, Gross, Total			30,208	30,887
Agriculture [Member]
Beginning balance	561	525
Charge-offs	0	0
Recoveries	0	0
Provision for loan losses	(139)	(59)
Ending balance	422	466
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			422	561
Loans and Leases Receivable, Allowance, Ending Balance	422	$ 466	422	561
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			21,790	28,255
Loans and Leases Receivable, Gross, Total			21,790	28,255
Unallocated Financing Receivables [Member]
Beginning balance	11,297
Ending balance	11,312
Individually evaluated for impairment			0	0
Collectively evaluated for impairment			11,312	11,297
Loans and Leases Receivable, Allowance, Ending Balance	$ 11,297		11,312	11,297
Individually evaluated for impairment			362	0
Collectively evaluated for impairment			1,028,414	1,013,115
Loans and Leases Receivable, Gross, Total			$ 1,028,776	$ 1,013,115

Note 4 - Loans - Changes in the

Note 4 - Loans - Changes in the Allowance, Off-balance-sheet Commitments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Balance, beginning of period	$ 379	$ 427
Provision to (reversal of) Operations for Off Balance Sheet Commitments	49	(31)
Balance, end of period	$ 428	$ 396

Note 5 - Financial Instrument_3

Note 5 - Financial Instruments and Fair Value Measurements - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Cash and cash equivalents	$ 366,760	$ 226,656
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	366,760	226,656
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Restricted equity securities	4,758	4,757
Interest receivable	5,081	5,689
Interest payable	(21)	(20)
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Restricted equity securities	4,758	4,757
Interest receivable	5,081	5,689
Interest payable	(21)	(20)
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Loans, net	1,011,423	997,246
Deposits	(1,517,785)	(1,367,809)
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Loans, net	1,023,476	1,006,335
Deposits	(1,517,814)	(1,367,874)
(in thousands)	$ 1,641	$ 1,457

Note 5 - Financial Instrument_4

Note 5 - Financial Instruments and Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring and Non Recurring Basis (Details) - USD ($)	Mar. 31, 2021		Dec. 31, 2020
Available-for-sale securities, fair market value	$ 215,480,000		$ 217,164,000
Equity Securities	3,397,000		3,425,000
Fair Value, Recurring [Member] | Commercial Real Estate Portfolio Segment [Member]
Commercial real estate - mortgages	362,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Portfolio Segment [Member]
Commercial real estate - mortgages	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Portfolio Segment [Member]
Commercial real estate - mortgages	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Portfolio Segment [Member]
Commercial real estate - mortgages	362,000
US Government Agencies Debt Securities [Member]
Available-for-sale securities, fair market value	21,739,000		23,692,000
US Government Agencies Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value	21,739,000		23,692,000
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	21,739,000		23,692,000
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	1,167,000		1,223,000
Collateralized Mortgage Obligations [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value	1,167,000		1,223,000
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	1,167,000		1,223,000
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	126,875,000		125,602,000
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value	126,875,000		125,602,000
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	126,875,000		125,602,000
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	4,725,000		5,008,000
SBA Pool [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value	4,725,000		5,008,000
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	4,725,000		5,008,000
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	14,008,000		14,352,000
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value	14,008,000		14,352,000
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	14,008,000		14,352,000
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	46,966,000		47,287,000
Asset-backed Securities [Member] | Fair Value, Recurring [Member]
Available-for-sale securities, fair market value	46,966,000		47,287,000
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	46,966,000		47,287,000
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	3,397,000	[1]	3,425,000
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Equity Securities	3,397,000	[1]	3,425,000
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Equity Securities	0	[1]	0
Mutual Fund [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Equity Securities	$ 0	[1]	$ 0
[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 6 - Earnings Per Share (De

Note 6 - Earnings Per Share (Details Textual)	3 Months Ended
	Mar. 31, 2021
Number Of Forms Of Outstanding Common Stock	2

Note 6 - Earnings Per Share - E

Note 6 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net income	$ 4,357	$ 2,709
Weighted average shares outstanding (in shares)	8,135	8,115
Net income per common share (in dollars per share)	$ 0.54	$ 0.33
Effect of dilutive non-vested restricted shares (in shares)	31	20
Weighted average shares of common stock and common stock equivalents (in shares)	8,166	8,135
Net income per diluted common share (in dollars per share)	$ 0.53	$ 0.33

Note 7 - Risks and Uncertaint_2

Note 7 - Risks and Uncertainties (Details Textual)	Mar. 31, 2020
Administrative Staff [Member]
Effect of COVID-19, Percent of Staff Working Remotely	81.00%
Branch Staff [Member]
Effect of COVID-19, Percent of Staff Working Remotely	17.00%