Skyline Bankshares (SLBK) 10-Q15 May 202020 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2020	May 14, 2020
Document Information [Line Items]
Entity Registrant Name	Parkway Acquisition Corp.
Entity Central Index Key	0001657642
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		6,067,275
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 12,704	$ 8,388
Interest-bearing deposits with banks	36,176	34,861
Federal funds sold	204	1,138
Investment securities available for sale	29,170	32,881
Restricted equity securities	2,416	2,394
Loans, net of allowance for loan losses of $4,252 at March 31, 2020 and $3,893 at December 31, 2019	572,939	566,460
Cash value of life insurance	17,963	17,855
Properties and equipment, net	25,950	23,437
Accrued interest receivable	1,936	2,072
Core deposit intangible	2,877	3,070
Goodwill	3,257	3,257
Deferred tax assets, net	970	985
Other assets	9,892	9,492
Assets, Total	716,454	706,290
Liabilities
Noninterest-bearing	172,533	165,900
Interest-bearing	448,772	445,311
Total deposits	621,305	611,211
FHLB advances	10,000	10,000
Accrued interest payable	204	132
Other liabilities	3,474	3,519
Liabilities, Total	634,983	624,862
Commitments and contingencies (Note 8)
Stockholders’ Equity
Preferred stock, no par value; 5,000,000 shares authorized, none issued
Common stock, no par value; 25,000,000 shares authorized, 6,067,275 and 6,137,275 issued and outstanding at March 31, 2020 and December 31, 2019, respectively
Surplus	39,952	40,752
Retained earnings	42,482	41,600
Accumulated other comprehensive loss	(963)	(924)
Stockholders' Equity Attributable to Parent, Ending Balance	81,471	81,428
Liabilities and Equity, Total	$ 716,454	$ 706,290

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Allowance for loan losses	$ 4,252	$ 3,893
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, issued (in shares)	6,067,275	6,137,275
Common stock, outstanding (in shares)	6,067,275	6,137,275

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest income
Loans and fees on loans	$ 7,419	$ 7,121
Interest-bearing deposits in banks	127	58
Federal funds sold	3	70
Interest on taxable securities	171	276
Dividends	18	14
Interest and Dividend Income, Operating, Total	7,738	7,539
Interest expense
Deposits	833	590
Interest on borrowings	21
Interest Expense, Total	854	590
Net interest income	6,884	6,949
Provision for loan losses	322	238
Net interest income after provision for loan losses	6,562	6,711
Noninterest income
Net realized gains (losses) on securities	212	(14)
Increase in cash value of life insurance	108	108
Other income	98	21
Noninterest Income, Total	1,461	1,072
Noninterest expenses
Salaries and employee benefits	3,469	3,157
Occupancy and equipment	783	725
Foreclosed asset expense, net		1
Data processing expense	416	369
FDIC Assessments	15	72
Advertising	106	135
Bank franchise tax	110	111
Director fees	70	60
Professional fees	142	182
Telephone expense	84	114
Core deposit intangible amortization	193	219
Other expense	541	556
Noninterest Expense, Total	5,929	5,701
Net income before income taxes	2,094	2,082
Income tax expense	418	417
Net income	$ 1,676	$ 1,665
Net income per share (in dollars per share)	$ 0.27	$ 0.27
Weighted average shares outstanding (in shares)	6,121,616	6,213,275
Dividends declared per share (in dollars per share)	$ 0.13	$ 0.12
Deposit Account [Member]
Noninterest income
Noninterest income	$ 421	$ 360
Financial Service, Other [Member]
Noninterest income
Noninterest income	493	513
Mortgage Banking [Member]
Noninterest income
Noninterest income	$ 129	$ 84

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net income	$ 1,676	$ 1,665
Unrealized gains (losses) on investment securities available for sale:
Unrealized gains arising during the period	163	703
Tax related to unrealized gains	(34)	(147)
Reclassification of net realized (gains) losses during the period	(212)	14
Tax related to realized gains (losses)	44	(3)
Total other comprehensive income (loss)	(39)	567
Total comprehensive income	$ 1,637	$ 2,232

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2018	6,213,275
Balance at Dec. 31, 2018		$ 41,660	$ 35,929	$ (1,967)	$ 75,622
Net income			1,665		1,665
Other comprehensive income (loss)				567	567
Dividends paid			(746)		(746)
Balance (in shares) at Mar. 31, 2019	6,213,275
Balance at Mar. 31, 2019		41,660	36,848	(1,400)	$ 77,108
Balance (in shares) at Dec. 31, 2019	6,137,275				6,137,275
Balance at Dec. 31, 2019		40,752	41,600	(924)	$ 81,428
Net income			1,676		1,676
Other comprehensive income (loss)				(39)	(39)
Dividends paid			(794)		(794)
Common stock repurchased (in shares)	(70,000)
Common stock repurchased		(800)			$ (800)
Balance (in shares) at Mar. 31, 2020	6,067,275				6,067,275
Balance at Mar. 31, 2020		$ 39,952	$ 42,482	$ (963)	$ 81,471

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Dividends paid per share (in dollars per share)	$ 0.13	$ 0.12

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Cash flows from operating activities
Net income	$ 1,676	$ 1,665
Adjustments to reconcile net income to net cash provided by operations:
Depreciation and amortization	339	303
Amortization of core deposit intangible	193	219
Accretion of loan discount and deposit premium, net	(506)	(643)
Provision for loan losses	322	238
Deferred income taxes	25	361
Net realized (gains) losses on securities	(212)	14
Accretion of discount on securities, net of amortization of premiums	75	125
Deferred compensation	(1)	(5)
Changes in assets and liabilities:
Cash value of life insurance	(108)	(108)
Accrued interest receivable	136	105
Other assets	(421)	467
Accrued interest payable	72	89
Other liabilities	(23)	(121)
Net cash provided by operating activities	1,567	2,709
Cash flows from investing activities
Purchases	(4,748)
Sales	7,798
Maturities/calls/paydowns	749	1,399
Purchases of restricted equity securities	(22)
Net decrease (increase) in loans	(6,355)	3,280
Proceeds from sale of foreclosed assets		753
Purchases of property and equipment	(2,852)	(510)
Net cash provided by (used in) investing activities	(5,430)	4,922
Cash flows from financing activities
Net increase (decrease) in deposits	10,154	(8,196)
Common stock repurchased	(800)
Dividends paid	(794)	(746)
Net cash provided by (used in) financing activities	8,560	(8,942)
Net increase (decrease) in cash and cash equivalents	4,697	(1,311)
Cash and cash equivalents, beginning	44,387	40,007	$ 40,007
Cash and cash equivalents, ending	49,084	38,696	$ 44,387
Supplemental disclosure of cash flow information
Interest paid	782	501
Taxes paid
Supplemental disclosure of noncash investing activities
Effect on equity of change in net unrealized (gain) loss on available for sale securities	(39)	567
Business combinations
Goodwill recorded		$ 59

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. Organization Parkway Acquisition Corp. (“Parkway” or the “Company”) was incorporated as a Virginia corporation on November 2, 2015. November 6, 2015, 1.76 1.30 60% 40% July 1, 2016. March 13, 2017, On March 1, 2018, July 1, 2018. 1.21 1,191,899 $15.5 The Bank was organized under the laws of the United States in 1900 twenty two three The consolidated financial statements as of March 31, 2020 March 31, 2020 2019 December 31, 2019, 10 December 31, 2019. three March 31, 2020 not Critical Accounting Policies Management believes the policies with respect to the methodology for the determination of the allowance for loan losses, and asset impairment judgments involve a higher degree of complexity and require management to make difficult and subjective judgments, such as the recoverability of intangible assets and other-than-temporary impairment of investment securities, involve a higher degree of complexity and require management to make difficult and subjective judgements that often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could cause reported results to differ materially. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors. Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, which is wholly owned. All significant, intercompany transactions and balances have been eliminated in consolidation. Business Segments The Company reports its activities as a single business segment. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment. Business Combinations Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations one one not No Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for loan and foreclosed real estate losses, management obtains independent appraisals for significant properties. Substantially all of the Bank’s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments. While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances may may may The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company’s tax returns are subject to examination by both Federal and State authorities. Such examinations may Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs may Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents includes cash and amounts due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Trading Securities The Company does not not Securities Held to Maturity Bonds, notes, and debentures for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. The Company does not Securities Available for Sale Available for sale securities are reported at fair value and consist of bonds, notes, debentures, and certain equity securities not Unrealized holding gains and losses, net of tax, on available for sale securities are reported as a net amount in a separate component of accumulated other comprehensive income. Realized gains and losses on the sale of available for sale securities are determined using the specific-identification method. The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Declines in the fair value of individual held to maturity and available for sale securities below cost that are other than temporary are reflected as write-downs of the individual securities to fair value. Related write-downs are included in earnings as realized losses. Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding principal amount adjusted for any charge-offs and the allowance for loan losses. Loan origination costs are capitalized and recognized as an adjustment to yield over the life of the related loan. Interest is accrued and credited to income based on the principal amount outstanding. The accrual of interest on impaired loans is discontinued when, in management’s opinion, the borrower may first Purchased Performing Loans – no Purchased Credit-Impaired (“PCI”) Loans not may not Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance, or portion thereof, is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon 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 The allowance consists of specific, general and unallocated components. The specific component is calculated on an individual basis for larger-balance, non-homogeneous loans, which are considered impaired. A specific allowance is established when the discounted cash flows, collateral value (less disposal costs), or observable market price of the impaired loan is lower than its carrying value. The specific component of the allowance for smaller- balance loans whose terms have been modified in a troubled debt restructuring (“TDR”) is calculated on a pooled basis considering historical experience adjusted for qualitative factors. The general component covers 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. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not Troubled Debt Restructurings Under GAAP, the Bank is required to account for certain loan modifications or restructurings as “troubled debt restructurings” or "troubled debt restructured loans." In general, the modification or restructuring of a debt constitutes a troubled debt restructuring if the Bank for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that the Bank would not not not Property and Equipment Land is carried at cost. Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 10 - 40 Furniture and equipment 5 - 12 Foreclosed Assets Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value less anticipated cost to sell at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in foreclosure expense on the consolidated statements of income. Pension Plan Prior to the Cardinal merger, both the Bank and Bank of Floyd (“Floyd”) had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both the Bank’s and Floyd’s plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the Cardinal merger. The Bank’s plan is a single-employer plan, the funded status of which is measured as the difference between the fair value of plan assets and the projected benefit obligation. Floyd’s plan is a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974 Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not Goodwill and Other Intangible A ssets Goodwill arises from business combinations and is generally determined as the excess of fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquire, over the fair value of the nets assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not July 1 Other intangible assets consist of core deposit intangibles that represent the value of long-term deposit relationships acquired in a business combination. Core deposit intangibles are amortized over the estimated useful lives of the deposit accounts acquired. The core deposit intangible as a result of the Cardinal merger, is amortized over an estimated useful life of twenty seven Revenue Recognition On January 1, 2018, 2014 9, Revenue from Contracts with Customers (“ASU Topic 606” 2014 09 not 2014 09 not 2014 09 January 1, 2018 no not 606 Service Charges on Deposit Accounts - Other Service Charges and Fees - O Credit and Debit Card Fees - Insurance and Investment - Leases In February 2016, December 15, 2018, Effective January 1, 2019, not 7 Income Taxes Provision for income taxes is based on amounts reported in the statements of income (after exclusion of non-taxable income such as interest on state and municipal securities) and consists of taxes currently due plus deferred taxes on temporary differences in the recognition of income and expense for tax and financial statement purposes. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50 not 50 not not not not Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the years presented is not Basic Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits and dividends. Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan which are also recognized as separate components of equity. The accumulated balances related to each component of other comprehensive income (loss) are as follows: Unrealized Gains And (Losses) (dollars in thousands) On Available for Defined Benefit Sale Securities Pension Items Total Balance, December 31, 2018 $ (929 ) $ (1,038 ) $ (1,967 ) Other comprehensive income before reclassifications 556 - 556 Amounts reclassified from accumulated other comprehensive income, net of tax 11 - 11 Balance March 31, 2019 $ (362 ) $ (1,038 ) $ (1,400 ) Balance, December 31, 2019 $ 51 $ (975 ) $ (924 ) Other comprehensive income before reclassifications 129 - 129 Amounts reclassified from accumulated other comprehensive income, net of tax (168 ) - (168 ) Balance March 31, 2020 $ 12 $ (975 ) $ (963 ) Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under line of credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded. Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 9. Reclassification Certain reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation. Net income and stockholders’ equity previously reported were not Recent Accounting Pronouncements The following accounting standards may In June 2016, No. 2016 13 July 2019, December 31, 2022, October 16, 2019 In November 2019, 2016 13, Financial Instruments—Credit Losses (Topic 326 not 2016 13, December 15, 2022, 2016 13. not In January 2017, not 2 not December 15, 2022. January 1, 2017. In May 2019, 2016 13, December 15, 2022. not In November 2019, not December 15, 2022, In December 2019, 740 December 15, 2020, not In January 2020, December 15, 2020, not In February 2020, No. 119 not In March 2020, 2016. 2016 13 2023. not Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not

Note 2 - Investment Securities

Note 2 - Investment Securities	3 Months Ended
Note 2 - Investment Securities	Mar. 31, 2020
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2 . Investment Securities Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost of securities and their approximate fair values at March 31, 2020 December 31, 2019 (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value March 31 , 20 20 Available for sale: Mortgage-backed securities $ 16,926 $ 320 $ (46 ) $ 17,200 Corporate securities 1,500 - (276 ) 1,224 State and municipal securities 10,729 46 (29 ) 10,746 $ 29,155 $ 366 $ (351 ) $ 29,170 December 31, 201 9 Available for sale: Mortgage-backed securities $ 19,540 $ 61 $ (97 ) $ 19,504 Corporate securities 1,500 - (67 ) 1,433 State and municipal securities 11,777 168 (1 ) 11,944 $ 32,817 $ 229 $ (165 ) $ 32,881 Restricted equity securities totaled $2.4 March 31, 2020 December 31, 2019, may The following tables details unrealized losses and related fair values in the Company’s available for sale investment securities portfolios. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2020 December 31, 2019. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31 , 20 20 Available for sale: Mortgage-backed securities $ 3,942 $ (46 ) $ - $ - $ 3,942 $ (46 ) Corporate securities - - 1,224 (276 ) 1,224 (276 ) State and municipal securities 1,886 (29 ) - - 1,886 (29 ) Total securities available for sale $ 5,828 $ (75 ) $ 1,224 $ (276 ) $ 7,052 $ (351 ) December 31, 201 9 Available for sale: Mortgage-backed securities $ 8,625 $ (97 ) $ - $ - $ 8,625 $ (97 ) Corporate securities - - 1,433 (67 ) 1,433 (67 ) State and municipal securities 1,010 (1 ) - - 1,010 (1 ) Total securities available for sale $ 9,635 $ (98 ) $ 1,433 $ (67 ) $ 11,068 $ (165 ) At March 31, 2020, 7 4.73 not not none March 31, 2020. no not Proceeds from the sale of investment securities available for sale were $7.8 three March 31, 2020. three March 31, 2019 $10 $220 three March 31, 2020 2019, three March 31, 2020 2019 Three Months Ended March 3 1 (dollars in thousands) 20 20 201 9 Realized gains $ 212 $ - Realized losses - (14 ) $ 212 $ (14 ) There were no may The scheduled maturities of securities available for sale at March 31, 2020, (dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 2,754 $ 2,754 Due after one year through five years 6,488 6,523 Due after five years through ten years 9,395 9,140 Due after ten years 10,518 10,753 $ 29,155 $ 29,170 Maturities of mortgage backed securities are based on contractual amounts. Actual maturity will vary as loans underlying the securities are prepaid. Investment securities with amortized cost of approximately $16.0 $15.5 March 31, 2020 December 31, 2019,

Note 3 - Loans Receivable

Note 3 - Loans Receivable	3 Months Ended
Note 3 - Loans Receivable	Mar. 31, 2020
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3 . Loans Receivable The major components of loans in the consolidated balance sheets at March 31, 2020 December 31, 2019 (dollars in thousands) 20 20 201 9 Construction & development $ 38,102 $ 39,649 Farmland 33,894 34,166 Residential 265,599 253,674 Commercial mortgage 185,779 190,817 Commercial & agricultural 34,298 32,426 Consumer & other 19,519 19,621 Total loans 577,191 570,353 Allowance for loan losses (4,252 ) (3,893 ) Loans, net of allowance for loan losses $ 572,939 $ 566,460 As of March 31, 2020 December 31, 2019, 1 4

Note 4 - Allowance for Loan Los

Note 4 - Allowance for Loan Losses and Impaired Loans	3 Months Ended
Note 4 - Allowance for Loan Losses and Impaired Loans	Mar. 31, 2020
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 4 . Allowance for Loan Losses and Impaired Loans Allowance for Loan Losses The allowance for loan losses is maintained at a level believed to be sufficient to provide for estimated loan losses based on evaluating known and inherent risks in the loan portfolio. The allowance is provided based upon management’s comprehensive analysis of the pertinent factors underlying the quality of the loan portfolio. These factors include changes in the amount and composition of the loan portfolio, delinquency levels, actual loss experience, current economic conditions, and detailed analysis of individual loans for which the full collectability may not A provision for loan losses is charged against operations and is added to the allowance for loan losses based on quarterly comprehensive analyses of the loan portfolio. The allowance for loan losses is allocated to certain loan categories based on the relative risk characteristics, asset classifications and actual loss experience of the loan portfolio. While management has allocated the allowance for loan losses to various loan portfolio segments, the allowance is general in nature and is available for the loan portfolio in its entirety. The following table presents activity in the allowance by loan category and information on the loans evaluated individually for impairment and collectively evaluated for impairment as of March 31, 2020 December 31, 2019: Allowance for Loan Losses and Recorded Investment in Loans (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Three Months Ended March 31 , 20 20 Allowance for loan losses: Balance, December 31, 2019 $ 305 $ 487 $ 1,822 $ 924 $ 211 $ 144 $ 3,893 Charge-offs - - - - - (53 ) (53 ) Recoveries 4 - 8 65 2 11 90 Provision 32 (22 ) 168 65 33 46 322 Balance, March 31, 2020 $ 341 $ 465 $ 1,998 $ 1,054 $ 246 $ 148 $ 4,252 For the Three Months Ended March 31, 2019 Allowance for loan losses: Balance, December 31, 2018 $ 246 $ 385 $ 1,807 $ 682 $ 281 $ 94 $ 3,495 Charge-offs - (14 ) (12 ) (41 ) (44 ) (52 ) (163 ) Recoveries - - 7 28 2 11 48 Provision 22 36 (69 ) 28 146 75 238 Balance, March 31, 2019 $ 268 $ 407 $ 1,733 $ 697 $ 385 $ 128 $ 3,618 March 31, 20 20 Allowance for loan losses: Ending Balance $ 341 $ 465 $ 1,998 $ 1,054 $ 246 $ 148 $ 4,252 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 341 $ 465 $ 1,998 $ 1,054 $ 246 $ 148 $ 4,252 Ending balance: purchased credit impaired loans $ - $ - $ - $ - $ - $ - $ - Loans outstanding: Ending Balance $ 38,102 $ 33,894 $ 265,599 $ 185,779 $ 34,298 $ 19,519 $ 577,191 Ending balance: individually evaluated for impairment $ - $ 2,858 $ 908 $ - $ - $ - $ 3,766 Ending balance: collectively evaluated for impairment $ 38,102 $ 31,036 $ 264,544 $ 185,465 $ 34,152 $ 19,519 $ 527,818 Ending balance: purchased credit impaired loans $ - $ - $ 147 $ 314 $ 146 $ - $ 607 December 31, 201 9 Allowance for loan losses: Ending Balance $ 305 $ 487 $ 1,822 $ 924 $ 211 $ 144 $ 3,893 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 305 $ 487 $ 1,822 $ 924 $ 211 $ 144 $ 3,893 Ending balance: purchased credit impaired loans $ - $ - $ - $ - $ - $ - $ - Loans outstanding: Ending Balance $ 39,649 $ 34,166 $ 253,674 $ 190,817 $ 32,426 $ 19,621 $ 570,353 Ending balance: individually evaluated for impairment $ - $ 3,240 $ 909 $ - $ - $ - $ 4,149 Ending balance: collectively evaluated for impairment $ 39,649 $ 30,926 $ 252,615 $ 190,496 $ 32,280 $ 19,621 $ 565,587 Ending balance: purchased credit impaired loans $ - $ - $ 150 $ 321 $ 146 $ - $ 617 As of March 31, 2020 December 31, 2019, no Management closely monitors the quality of the loan portfolio and has established a loan review process designed to help grade the quality of the Bank’s loan portfolio. The Bank’s loan ratings coincide with the “Substandard,” “Doubtful” and “Loss” classifications used by federal regulators in their examination of financial institutions. Generally, an asset is considered Substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. Substandard assets include those characterized by the distinct possibility that the insured financial institution will sustain some loss if the deficiencies are not not not one March 31, 2020 December 31, 2019, no During the first 2020, December 31, 2019 Loan Grades (dollars in thousands) Watch As Reported Reclass Watch Adjusted December 31, 2019 Real Estate Secured: Construction & development $ 4,801 $ (4,244 ) $ 557 Farmland 4,059 (2,565 ) 1,494 Residential 19,887 (19,349 ) 538 Commercial mortgage 21,960 (19,557 ) 2,403 Non-Real Estate Secured: Commercial & agricultural 4,346 (3,805 ) 541 Consumer & other 300 (300 ) - Total $ 55,353 $ (49,820 ) $ 5,533 Loan Grades (dollars in thousands) Pass As Reported Reclass Pass Adjusted December 31, 2019 Real Estate Secured: Construction & development $ 34,701 $ 4,244 $ 38,945 Farmland 22,969 2,565 25,534 Residential 231,629 19,349 250,978 Commercial mortgage 163,584 19,557 183,141 Non-Real Estate Secured: Commercial & agricultural 27,503 3,805 31,308 Consumer & other 19,314 300 19,614 Total $ 499,700 $ 49,820 $ 549,520 These reclassifications did not The following table lists the loan grades utilized by the Bank and the corresponding total of outstanding loans in each category as of March 31, 2020 December 31, 2019 ( Credit Risk Profile by Internally Assigned Grades Loan Grades (dollars in thousands) Pass Watch Special Mention Substandard Total March 31, 20 20 Real Estate Secured: Construction & development $ 37,412 $ 76 $ - $ 614 $ 38,102 Farmland 26,298 817 731 6,048 33,894 Residential 261,138 654 1,741 2,066 265,599 Commercial mortgage 178,154 2,288 837 4,500 185,779 Non-Real Estate Secured: Commercial & agricultural 33,093 503 147 555 34,298 Consumer & other 19,517 - - 2 19,519 Total $ 555,612 $ 4,338 $ 3,456 $ 13,785 $ 577,191 December 31, 201 9 Real Estate Secured: Construction & development $ 38,945 $ 557 $ - $ 147 $ 39,649 Farmland 25,534 1,494 673 6,465 34,166 Residential 250,978 538 176 1,982 253,674 Commercial mortgage 183,141 2,403 930 4,343 190,817 Non-Real Estate Secured: Commercial & agricultural 31,308 541 103 474 32,426 Consumer & other 19,614 - - 7 19,621 Total $ 549,520 $ 5,533 $ 1,882 $ 13,418 $ 570,353 Loans may may first The following table presents an age analysis of nonaccrual and past due loans by category as of March 31, 2020 December 31, 2019: Analysis of Past Due and Nonaccrual Loans (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans 90+ Days Past Due and Still Accruing Nonaccrual Loans March 31, 20 20 Real Estate Secured: Construction & development $ - $ - $ 10 $ 10 $ 38,092 $ 38,102 $ - $ 10 Farmland 1,218 - 116 1,334 32,560 33,894 - 3,734 Residential 257 47 258 562 265,037 265,599 - 364 Commercial mortgage 220 - 184 404 185,375 185,779 - 378 Non-Real Estate Secured: Commercial & agricultural 195 - 189 384 33,914 34,298 - 191 Consumer & other 22 - 2 24 19,495 19,519 - 2 Total $ 1,912 $ 47 $ 759 $ 2,718 $ 574,473 $ 577,191 $ - $ 4,679 December 31, 201 9 Real Estate Secured: Construction & development $ - $ - $ 10 $ 10 $ 39,639 $ 39,649 $ - $ 10 Farmland 893 - 971 1,864 32,302 34,166 - 4,192 Residential 292 48 365 705 252,969 253,674 - 412 Commercial mortgage 185 - - 185 190,632 190,817 - 198 Non-Real Estate Secured: Commercial & agricultural 135 8 163 306 32,120 32,426 - 165 Consumer & other 2 6 2 10 19,611 19,621 - 2 Total $ 1,507 $ 62 $ 1,511 $ 3,080 $ 567,273 $ 570,353 $ - $ 4,979 Impaired Loans A loan is considered impaired when it is probable that the Bank will be unable to collect all contractual principal and interest payments due in accordance with the original or modified terms of the loan agreement. Smaller balance homogenous loans may not may third third may As of March 31, 2020 December 31, 2019, $7.7 $7.8 March 31, 2020 December 31, 2019, $2.5 $2.9 March 31, 2020 December 31, 2019, $3.8 $4.1 not $5.2 $4.8 March 31, 2020 December 31, 2019, The categories of non-accrual loans and impaired loans overlap, although they are not Management collectively evaluates performing TDRs with a loan balance of $250,000 March 31, 2020 December 31, 2019, $3.9 $3.6 $190 $174 The following table is a summary of information related to impaired loans as of March 31, 2020 December 31, 2019: Impaired Loans Three months ended (dollars in thousands) Recorded Investment 1 Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized March 31, 20 20 With no related allowance recorded: Construction & development $ - $ - $ - $ - $ - Farmland 2,858 2,858 - 3,049 5 Residential 908 908 - 908 10 Commercial mortgage - - - - - Commercial & agricultural - - - - - Consumer & other - - - - - Subtotal 3,766 3,766 - 3,957 15 With an allowance recorded: Construction & development 414 414 21 420 6 Farmland 150 150 2 150 1 Residential 3,319 3,469 165 3,332 46 Commercial mortgage 10 55 1 11 1 Commercial & agricultural 30 30 1 30 - Consumer & other 2 2 - 3 - Subtotal 3,925 4,120 190 3,946 54 Totals: Construction & development 414 414 21 420 6 Farmland 3,008 3,008 2 3,199 6 Residential 4,227 4,377 165 4,240 56 Commercial mortgage 10 55 1 11 1 Commercial & agricultural 30 30 1 30 - Consumer & other 2 2 - 3 - Total $ 7,691 $ 7,886 $ 190 $ 7,903 $ 69 1 (dollars in thousands) Recorded Investment 1 Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2019 With no related allowance recorded: Construction & development $ - $ - $ - $ - $ - Farmland 3,240 3,240 - 3,505 25 Residential 909 909 - 921 40 Commercial mortgage - - - - - Commercial & agricultural - - - - - Consumer & other - - - - - Subtotal 4,149 4,149 - 4,426 65 With an allowance recorded: Construction & development 72 72 3 76 6 Farmland 150 150 2 1,545 70 Residential 3,345 3,495 166 4,161 225 Commercial mortgage 11 56 1 268 11 Commercial & agricultural 31 31 1 34 2 Consumer & other 3 3 1 4 - Subtotal 3,612 3,807 174 6,088 314 Totals: Construction & development 72 72 3 76 6 Farmland 3,390 3,390 2 5,050 95 Residential 4,254 4,404 166 5,082 265 Commercial mortgage 11 56 1 268 11 Commercial & agricultural 31 31 1 34 2 Consumer & other 3 3 1 4 - Total $ 7,761 $ 7,956 $ 174 $ 10,514 $ 379 1 Troubled Debt Restructuring A troubled debt restructured loan is a loan for which the Bank, for reasons related to the borrower’s financial difficulties, grants a concession to the borrower that the Bank would not The loan terms which have been modified or restructured due to a borrower’s financial difficulty, include but are not The following table sets forth information with respect to the Bank’s troubled debt restructurings as of March 31, 2020 March 31, 2019: For the Three Months Ended March 31 , 20 20 (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulte d (1) Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Construction & development 1 $ 344 $ 344 - $ - $ - Farmland - - - - - - Residential - - - - - - Commercial mortgage - - - - - - Commercial & agricultural - - - - - - Consumer & other - - - - - - Total 1 $ 344 $ 344 - $ - $ - ( 1 30 During the three March 31, 2020, one one No twelve March 31, 2020. For the Three Months Ended March 31, 2019 (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulte d (1) Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Construction & development - $ - $ - - $ - $ - Farmland - - - - - - Residential 1 117 129 - - - Commercial mortgage - - - - - - Commercial & agricultural - - - - - - Consumer & other - - - - - - Total 1 $ 117 $ 129 - $ - $ - ( 1 30 During the three March 31, 2019, one No twelve March 31, 2019. Purchased Credit Impaired Loans During 2018, not March 31, 2020 December 31, 2019 (dollars in thousands) 20 20 201 9 Residential $ 147 $ 150 Commercial mortgage 314 321 Commercial & agricultural 146 146 Outstanding balance $ 607 $ 617 Carrying amount $ 607 $ 617 There was no There were no three March 31, 2020 December 31, 2019. Income is not March 31, 2020 December 31, 2019 (dollars in thousands) 20 20 201 9 Loans at beginning of year $ 617 $ 714 Loans purchased during the year - - Loans at end of period $ 607 $ 617

Note 5 - Employee Benefit Plan

Note 5 - Employee Benefit Plan	3 Months Ended
Note 5 - Employee Benefit Plan	Mar. 31, 2020
Notes to Financial Statements
Retirement Benefits [Text Block]	Note 5 . Employee Benefit Plan The Bank has a qualified noncontributory defined benefit pension plan that covers substantially all of its employees. Effective December 31, 2012, three March 31, 2020 2019. Three Months Ended March 31, (dollars in thousands) 2020 2019 Interest cost $ 41 $ 46 Expected return on plan assets (157 ) (138 ) Recognized net actuarial loss 7 10 Net periodic benefit cost $ (109 ) $ (82 ) It has been Company practice to contribute the maximum tax-deductible amount each year as determined by the plan administrator. As a result of prior year contributions exceeding the minimum requirements, a Prefunding Balance existed as of December 31, 2019 no 2020. not 2020.

Note 6 - Goodwill and Intangibl

Note 6 - Goodwill and Intangible Assets	3 Months Ended
Note 6 - Goodwill and Intangible Assets	Mar. 31, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 6. Goodwill The change in goodwill during the three March 31, 2020 December 31, 2019 March 31, December 31, (dollars in thousands) 2020 2019 Beginning of year $ 3,257 $ 3,198 Measurement period adjustment - 59 Impairment - - End of the period $ 3,257 $ 3,257 Intangible Assets The following table presents the activity for the Company’s core deposit intangible assets, which are the only identifiable intangible assets subject to amortization. Core deposit intangibles at March 31, 2020 December 31, 2019 March 31, December 31, (dollars in thousands) 2020 2019 Balance at beginning of year, net $ 3,070 $ 3,892 Amortization expense (193 ) (822 ) Net book value $ 2,877 $ 3,070 Aggregate amortization expense was $193 $219 three March 31, 2020 2019,

Note 7 - Leases

Note 7 - Leases	3 Months Ended
Note 7 - Leases	Mar. 31, 2020
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 7 . Leases On January 1, 2019, No. 2016 02 “Leases (Topic 842 842. Contracts that commence subsequent to adoption are evaluated to determine whether they are or contain a lease in accordance with Topic 842. 842 not not 12 2019 Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. For our incremental borrowing rate, we used the Federal Home Loan Bank available at the time of lease inception. The right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The contracts in which the Company is lessee are with parties external to the Company and not March 31, December 31, (dollars in thousands) 2020 2019 Lease liabilities $ 708 $ 729 Right-of-use assets $ 708 $ 729 Weighted average remaining lease term (years) 7.93 8.06 Weighted average discount rate 2.65 % 2.39 % Three Months Ended March 31, (dollars in thousands) 2020 2019 Lease Expense Operating lease expense $ 25 $ 11 Short-term lease expense 16 38 Total lease expense $ 41 $ 49 Cash paid for amounts included in lease liabilities $ 25 $ 11 The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liabilities: (dollars in thousands) Nine months ending December 31, 2020 $ 98 Twelve months ending December 31, 2021 128 Twelve months ending December 31, 2022 97 Twelve months ending December 31, 2023 66 Twelve months ending December 31, 2024 68 Thereafter 330 Total undiscounted cash flows $ 787 Less discount (79 ) Lease liabilities $ 708

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	3 Months Ended
Note 8 - Commitments and Contingencies	Mar. 31, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 8. Litigation In the normal course of business the Bank is involved in various legal proceedings. After consultation with legal counsel, management believes that any liability resulting from such proceedings will not Financial Instruments with Off-Balance Sheet Risk The Bank is 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 and standby letters of credit. These instruments involve, to varying degrees, credit risk in excess of the amount recognized in the consolidated balance sheets. The Bank’s exposure to credit loss in the event of nonperformance 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 Bank uses the same credit policies in making commitments and conditional obligations as for on-balance sheet instruments. A summary of the Bank’s commitments at March 31, 2020 December 31, 2019 March 31, December 31, (dollars in thousands) 2020 2019 Commitments to extend credit $ 105,654 $ 95,190 Standby letters of credit 1,243 1,313 $ 106,897 $ 96,503 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third Concentrations of Credit Risk Substantially all of the Bank’s loans, commitments to extend credit, and standby letters of credit have been granted to customers in the Bank’s market area and such customers are generally depositors of the Bank. Investments in state and municipal securities involve governmental entities within and outside the Bank’s market area. The concentrations of credit by type of loan are set forth in Note 3. not $5,000,000.

Note 9 - Financial Instruments

Note 9 - Financial Instruments	3 Months Ended
Note 9 - Financial Instruments	Mar. 31, 2020
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	Note 9 . Financial Instruments The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments not March 31, 2020 December 31, 2019. no For loans, the carrying amount is net of unearned income and the allowance for loan losses. In accordance with the prospective adoption of ASU No. 2016 01, March 31, 2020 December 31, 2019, Fair Value Measurements Quoted Prices in Active Markets for Identical Assets or Significant Other Observable Significant Unobservable (dollars in thousands) Carrying Amount Fair Value Liabilities (Level 1) Inputs (Level 2) Inputs (Level 3) March 31, 20 20 Financial Instruments – Assets Net Loans $ 572,939 $ 560,260 $ - $ 560,058 $ 202 Financial Instruments – Liabilities Time Deposits 189,347 191,921 - 191,921 - FHLB Advances 10,000 9,677 - 9,677 - December 31, 201 9 Financial Instruments – Assets Net Loans $ 566,460 $ 557,054 $ - $ 556,851 $ 203 Financial Instruments – Liabilities Time Deposits 191,988 192,365 - 192,365 - FHLB Advances 10,000 10,021 - 10,021 - The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may Fair Value Hierarchy Under FASB ASC 820, three Level 1 Level 2 not Level 3 one not may Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Investment Securities Available for Sale Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not 1 2 3 Impaired Loans The Company does not not one not March 31, 2020, 2. no 3. Assets Recorded at Fair Value on a Recurring Basis (dollars in thousands) Total Level 1 Level 2 Level 3 March 31, 2020 Investment securities available for sale Mortgage-backed securities $ 17,200 $ - $ 17,200 $ - Corporate securities 1,224 - 1,224 - State and municipal securities 10,746 - 10,746 - Total assets at fair value $ 29,170 $ - $ 29,170 $ - December 31, 201 9 Investment securities available for sale Mortgage-backed securities $ 19,504 $ - $ 19,504 $ - Corporate securities 1,433 - 1,433 - State and municipal securities 11,944 - 11,944 - Total assets at fair value $ 32,881 $ - $ 32,881 $ - No March 31, 2020 December 31, 2019. no three March 31, 2020 December 31, 2019. Assets Recorded at Fair Value on a Nonrecurring Basis The Company may No March 31, 2020 December 31, 2019. (dollars in thousands) Total Level 1 Level 2 Level 3 March 31, 20 20 Impaired loans $ 202 $ - $ - $ 202 Total assets at fair value $ 202 $ - $ - $ 202 (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 201 9 Impaired loans $ 203 $ - $ - $ 203 Total assets at fair value $ 203 $ - $ - $ 203 For Level 3 March 31, 2020 December 31, 2019, Fair Value at March 31, 2020 Fair Value at December 31, 2019 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 202 $ 203 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10%

Note 10 - Short-term Debt

Note 10 - Short-term Debt	3 Months Ended
Note 10 - Short-term Debt	Mar. 31, 2020
Notes to Financial Statements
Short-term Debt [Text Block]	Note 10 . Short-Term Debt At March 31, 2020 December 31, 2019, no At March 31, 2020, $50.0 $166.4

Note 11 - Long-term Debt

Note 11 - Long-term Debt	3 Months Ended
Note 11 - Long-term Debt	Mar. 31, 2020
Notes to Financial Statements
Long-term Debt [Text Block]	Note 1 1 . Long-Term Debt At March 31, 2020 December 31, 2019, $10.0 1 4 December 6, 2029. 0.819 June 8, 2020.

Note 12 - Capital Requirements

Note 12 - Capital Requirements	3 Months Ended
Note 12 - Capital Requirements	Mar. 31, 2020
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 1 2 . Capital Requirements The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve Board’s Small Bank Holding Company Policy Statement, and is not March 31, 2020 December 31, 2019, January 1, 2015. Actual For Capital Adequacy Purposes To Be Well- Capitalized Amount Ratio Amount Ratio Amount Ratio March 31, 20 20 Total Capital (to risk weighted assets) $ 79,814 13.48 % $ 47,370 8.00 % $ 59,212 10.00 % Tier 1 Capital (to risk weighted assets) $ 75,529 12.76 % $ 35,527 6.00 % $ 47,370 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 75,529 12.76 % $ 26,646 4.50 % $ 38,488 6.50 % Tier 1 Capital (to average total assets) $ 75,529 10.70 % $ 28,245 4.00 % $ 35,307 5.00 % December 31, 201 9 Total Capital (to risk weighted assets) $ 78,652 13.53 % $ 46,499 8.00 % $ 58,124 10.00 % Tier 1 Capital (to risk weighted assets) $ 74,726 12.86 % $ 34,874 6.00 % $ 46,499 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 74,726 12.86 % $ 26,156 4.50 % $ 37,780 6.50 % Tier 1 Capital (to average total assets) $ 74,726 10.80 % $ 27,680 4.00 % $ 34,599 5.00 % On September 17, 2019 In order to qualify for the CBLR framework, a community banking organization must have a Tier 1 9.00%, $10.0 not The CBLR framework was available for banks to use in their March 31, 2020, not may

Note 13 - Subsequent Events

Note 13 - Subsequent Events	3 Months Ended
Note 13 - Subsequent Events	Mar. 31, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	Note 1 3 . Subsequent Events Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not no As a qualified Small Business Administration (“SBA”) lender, we were automatically authorized to originate Paycheck Protection Program (“PPP”) loans and began taking applications on April 3, 2020. 1 2.5 2 $10.0 1.0%, two six 100% 75% 25% As of April 30, 2020, $62.4 To bolster to effectiveness of the PPP, the Federal Reserve provides liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The Payroll Protection Program Liquidity Facility (“PPPLF”) extends credit on a non-recourse basis to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value. On April 20, 2020, $5.4 April 15, 2022 $5.4 35 may September 30, 2020.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Critical Accounting Policies Management believes the policies with respect to the methodology for the determination of the allowance for loan losses, and asset impairment judgments involve a higher degree of complexity and require management to make difficult and subjective judgments, such as the recoverability of intangible assets and other-than-temporary impairment of investment securities, involve a higher degree of complexity and require management to make difficult and subjective judgements that often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could cause reported results to differ materially. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, which is wholly owned. All significant, intercompany transactions and balances have been eliminated in consolidation.
Segment Reporting, Policy [Policy Text Block]	Business Segments The Company reports its activities as a single business segment. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment.
Business Combinations Policy [Policy Text Block]	Business Combinations Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations one one not No
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for loan and foreclosed real estate losses, management obtains independent appraisals for significant properties. Substantially all of the Bank’s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments. While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances may may may The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company’s tax returns are subject to examination by both Federal and State authorities. Such examinations may Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs may
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents includes cash and amounts due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold.
Marketable Securities, Trading Securities [Policy Text Block]	Trading Securities The Company does not not
Marketable Securities, Held-to-maturity Securities [Policy Text Block]	Securities Held to Maturity Bonds, notes, and debentures for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for premiums and discounts that are recognized in interest income using the interest method over the period to maturity. The Company does not
Marketable Securities, Available-for-sale Securities [Policy Text Block]	Securities Available for Sale Available for sale securities are reported at fair value and consist of bonds, notes, debentures, and certain equity securities not Unrealized holding gains and losses, net of tax, on available for sale securities are reported as a net amount in a separate component of accumulated other comprehensive income. Realized gains and losses on the sale of available for sale securities are determined using the specific-identification method. The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Declines in the fair value of individual held to maturity and available for sale securities below cost that are other than temporary are reflected as write-downs of the individual securities to fair value. Related write-downs are included in earnings as realized losses.
Policy Loans Receivable, Policy [Policy Text Block]	Loans Receivable Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding principal amount adjusted for any charge-offs and the allowance for loan losses. Loan origination costs are capitalized and recognized as an adjustment to yield over the life of the related loan. Interest is accrued and credited to income based on the principal amount outstanding. The accrual of interest on impaired loans is discontinued when, in management’s opinion, the borrower may first Purchased Performing Loans – no Purchased Credit-Impaired (“PCI”) Loans not may not
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance, or portion thereof, is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon 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 The allowance consists of specific, general and unallocated components. The specific component is calculated on an individual basis for larger-balance, non-homogeneous loans, which are considered impaired. A specific allowance is established when the discounted cash flows, collateral value (less disposal costs), or observable market price of the impaired loan is lower than its carrying value. The specific component of the allowance for smaller- balance loans whose terms have been modified in a troubled debt restructuring (“TDR”) is calculated on a pooled basis considering historical experience adjusted for qualitative factors. The general component covers 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. A loan is considered impaired when, based on current information and events, it is probable that we will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Bank does not
Troubled Debt Restructuring [Policy Text Block]	Troubled Debt Restructurings Under GAAP, the Bank is required to account for certain loan modifications or restructurings as “troubled debt restructurings” or "troubled debt restructured loans." In general, the modification or restructuring of a debt constitutes a troubled debt restructuring if the Bank for economic or legal reasons related to the borrower’s financial difficulties grants a concession to the borrower that the Bank would not not not
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Land is carried at cost. Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 10 - 40 Furniture and equipment 5 - 12
Financing Receivable, Held-for-investment, Foreclosed Asset [Policy Text Block]	Foreclosed Assets Real estate properties acquired through, or in lieu of, loan foreclosure are to be sold and are initially recorded at fair value less anticipated cost to sell at the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed by management and the real estate is carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in foreclosure expense on the consolidated statements of income.
Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block]	Pension Plan Prior to the Cardinal merger, both the Bank and Bank of Floyd (“Floyd”) had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both the Bank’s and Floyd’s plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the Cardinal merger. The Bank’s plan is a single-employer plan, the funded status of which is measured as the difference between the fair value of plan assets and the projected benefit obligation. Floyd’s plan is a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block]	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible A ssets Goodwill arises from business combinations and is generally determined as the excess of fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquire, over the fair value of the nets assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not July 1 Other intangible assets consist of core deposit intangibles that represent the value of long-term deposit relationships acquired in a business combination. Core deposit intangibles are amortized over the estimated useful lives of the deposit accounts acquired. The core deposit intangible as a result of the Cardinal merger, is amortized over an estimated useful life of twenty seven
Revenue [Policy Text Block]	Revenue Recognition On January 1, 2018, 2014 9, Revenue from Contracts with Customers (“ASU Topic 606” 2014 09 not 2014 09 not 2014 09 January 1, 2018 no not 606 Service Charges on Deposit Accounts - Other Service Charges and Fees - O Credit and Debit Card Fees - Insurance and Investment -
Lessee, Leases [Policy Text Block]	Leases In February 2016, December 15, 2018, Effective January 1, 2019, not 7
Income Tax, Policy [Policy Text Block]	Income Taxes Provision for income taxes is based on amounts reported in the statements of income (after exclusion of non-taxable income such as interest on state and municipal securities) and consists of taxes currently due plus deferred taxes on temporary differences in the recognition of income and expense for tax and financial statement purposes. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50 not 50 not not not not
Advertising Cost [Policy Text Block]	Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the years presented is not
Earnings Per Share, Policy [Policy Text Block]	Basic Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits and dividends.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan which are also recognized as separate components of equity. The accumulated balances related to each component of other comprehensive income (loss) are as follows: Unrealized Gains And (Losses) (dollars in thousands) On Available for Defined Benefit Sale Securities Pension Items Total Balance, December 31, 2018 $ (929 ) $ (1,038 ) $ (1,967 ) Other comprehensive income before reclassifications 556 - 556 Amounts reclassified from accumulated other comprehensive income, net of tax 11 - 11 Balance March 31, 2019 $ (362 ) $ (1,038 ) $ (1,400 ) Balance, December 31, 2019 $ 51 $ (975 ) $ (924 ) Other comprehensive income before reclassifications 129 - 129 Amounts reclassified from accumulated other comprehensive income, net of tax (168 ) - (168 ) Balance March 31, 2020 $ 12 $ (975 ) $ (963 )
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under line of credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 9.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassification Certain reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation. Net income and stockholders’ equity previously reported were not
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements The following accounting standards may In June 2016, No. 2016 13 July 2019, December 31, 2022, October 16, 2019 In November 2019, 2016 13, Financial Instruments—Credit Losses (Topic 326 not 2016 13, December 15, 2022, 2016 13. not In January 2017, not 2 not December 15, 2022. January 1, 2017. In May 2019, 2016 13, December 15, 2022. not In November 2019, not December 15, 2022, In December 2019, 740 December 15, 2020, not In January 2020, December 15, 2020, not In February 2020, No. 119 not In March 2020, 2016. 2016 13 2023. not Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Useful Lives of Property, Plant and Equipment [Table Text Block]	Years Buildings and improvements 10 - 40 Furniture and equipment 5 - 12
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains And (Losses) (dollars in thousands) On Available for Defined Benefit Sale Securities Pension Items Total Balance, December 31, 2018 $ (929 ) $ (1,038 ) $ (1,967 ) Other comprehensive income before reclassifications 556 - 556 Amounts reclassified from accumulated other comprehensive income, net of tax 11 - 11 Balance March 31, 2019 $ (362 ) $ (1,038 ) $ (1,400 ) Balance, December 31, 2019 $ 51 $ (975 ) $ (924 ) Other comprehensive income before reclassifications 129 - 129 Amounts reclassified from accumulated other comprehensive income, net of tax (168 ) - (168 ) Balance March 31, 2020 $ 12 $ (975 ) $ (963 )

Note 2 - Investment Securities

Note 2 - Investment Securities (Tables)	3 Months Ended
Note 2 - Investment Securities (Tables)	Mar. 31, 2020
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	(dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value March 31 , 20 20 Available for sale: Mortgage-backed securities $ 16,926 $ 320 $ (46 ) $ 17,200 Corporate securities 1,500 - (276 ) 1,224 State and municipal securities 10,729 46 (29 ) 10,746 $ 29,155 $ 366 $ (351 ) $ 29,170 December 31, 201 9 Available for sale: Mortgage-backed securities $ 19,540 $ 61 $ (97 ) $ 19,504 Corporate securities 1,500 - (67 ) 1,433 State and municipal securities 11,777 168 (1 ) 11,944 $ 32,817 $ 229 $ (165 ) $ 32,881
Schedule of Unrealized Loss on Investments [Table Text Block]	Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31 , 20 20 Available for sale: Mortgage-backed securities $ 3,942 $ (46 ) $ - $ - $ 3,942 $ (46 ) Corporate securities - - 1,224 (276 ) 1,224 (276 ) State and municipal securities 1,886 (29 ) - - 1,886 (29 ) Total securities available for sale $ 5,828 $ (75 ) $ 1,224 $ (276 ) $ 7,052 $ (351 ) December 31, 201 9 Available for sale: Mortgage-backed securities $ 8,625 $ (97 ) $ - $ - $ 8,625 $ (97 ) Corporate securities - - 1,433 (67 ) 1,433 (67 ) State and municipal securities 1,010 (1 ) - - 1,010 (1 ) Total securities available for sale $ 9,635 $ (98 ) $ 1,433 $ (67 ) $ 11,068 $ (165 )
Schedule of Realized Gain (Loss) [Table Text Block]	Three Months Ended March 3 1 (dollars in thousands) 20 20 201 9 Realized gains $ 212 $ - Realized losses - (14 ) $ 212 $ (14 )
Investments Classified by Contractual Maturity Date [Table Text Block]	(dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 2,754 $ 2,754 Due after one year through five years 6,488 6,523 Due after five years through ten years 9,395 9,140 Due after ten years 10,518 10,753 $ 29,155 $ 29,170

Note 3 - Loans Receivable (Tabl

Note 3 - Loans Receivable (Tables)	3 Months Ended
Note 3 - Loans Receivable (Tables)	Mar. 31, 2020
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(dollars in thousands) 20 20 201 9 Construction & development $ 38,102 $ 39,649 Farmland 33,894 34,166 Residential 265,599 253,674 Commercial mortgage 185,779 190,817 Commercial & agricultural 34,298 32,426 Consumer & other 19,519 19,621 Total loans 577,191 570,353 Allowance for loan losses (4,252 ) (3,893 ) Loans, net of allowance for loan losses $ 572,939 $ 566,460

Note 4 - Allowance for Loan L_2

Note 4 - Allowance for Loan Losses and Impaired Loans (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	(dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Three Months Ended March 31 , 20 20 Allowance for loan losses: Balance, December 31, 2019 $ 305 $ 487 $ 1,822 $ 924 $ 211 $ 144 $ 3,893 Charge-offs - - - - - (53 ) (53 ) Recoveries 4 - 8 65 2 11 90 Provision 32 (22 ) 168 65 33 46 322 Balance, March 31, 2020 $ 341 $ 465 $ 1,998 $ 1,054 $ 246 $ 148 $ 4,252 For the Three Months Ended March 31, 2019 Allowance for loan losses: Balance, December 31, 2018 $ 246 $ 385 $ 1,807 $ 682 $ 281 $ 94 $ 3,495 Charge-offs - (14 ) (12 ) (41 ) (44 ) (52 ) (163 ) Recoveries - - 7 28 2 11 48 Provision 22 36 (69 ) 28 146 75 238 Balance, March 31, 2019 $ 268 $ 407 $ 1,733 $ 697 $ 385 $ 128 $ 3,618 March 31, 20 20 Allowance for loan losses: Ending Balance $ 341 $ 465 $ 1,998 $ 1,054 $ 246 $ 148 $ 4,252 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 341 $ 465 $ 1,998 $ 1,054 $ 246 $ 148 $ 4,252 Ending balance: purchased credit impaired loans $ - $ - $ - $ - $ - $ - $ - Loans outstanding: Ending Balance $ 38,102 $ 33,894 $ 265,599 $ 185,779 $ 34,298 $ 19,519 $ 577,191 Ending balance: individually evaluated for impairment $ - $ 2,858 $ 908 $ - $ - $ - $ 3,766 Ending balance: collectively evaluated for impairment $ 38,102 $ 31,036 $ 264,544 $ 185,465 $ 34,152 $ 19,519 $ 527,818 Ending balance: purchased credit impaired loans $ - $ - $ 147 $ 314 $ 146 $ - $ 607 December 31, 201 9 Allowance for loan losses: Ending Balance $ 305 $ 487 $ 1,822 $ 924 $ 211 $ 144 $ 3,893 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 305 $ 487 $ 1,822 $ 924 $ 211 $ 144 $ 3,893 Ending balance: purchased credit impaired loans $ - $ - $ - $ - $ - $ - $ - Loans outstanding: Ending Balance $ 39,649 $ 34,166 $ 253,674 $ 190,817 $ 32,426 $ 19,621 $ 570,353 Ending balance: individually evaluated for impairment $ - $ 3,240 $ 909 $ - $ - $ - $ 4,149 Ending balance: collectively evaluated for impairment $ 39,649 $ 30,926 $ 252,615 $ 190,496 $ 32,280 $ 19,621 $ 565,587 Ending balance: purchased credit impaired loans $ - $ - $ 150 $ 321 $ 146 $ - $ 617
Reclassification of Financing Receivable by Credit Quality Indicator [Table Text Block]	Loan Grades (dollars in thousands) Watch As Reported Reclass Watch Adjusted December 31, 2019 Real Estate Secured: Construction & development $ 4,801 $ (4,244 ) $ 557 Farmland 4,059 (2,565 ) 1,494 Residential 19,887 (19,349 ) 538 Commercial mortgage 21,960 (19,557 ) 2,403 Non-Real Estate Secured: Commercial & agricultural 4,346 (3,805 ) 541 Consumer & other 300 (300 ) - Total $ 55,353 $ (49,820 ) $ 5,533 Loan Grades (dollars in thousands) Pass As Reported Reclass Pass Adjusted December 31, 2019 Real Estate Secured: Construction & development $ 34,701 $ 4,244 $ 38,945 Farmland 22,969 2,565 25,534 Residential 231,629 19,349 250,978 Commercial mortgage 163,584 19,557 183,141 Non-Real Estate Secured: Commercial & agricultural 27,503 3,805 31,308 Consumer & other 19,314 300 19,614 Total $ 499,700 $ 49,820 $ 549,520
Financing Receivable Credit Quality Indicators [Table Text Block]	Loan Grades (dollars in thousands) Pass Watch Special Mention Substandard Total March 31, 20 20 Real Estate Secured: Construction & development $ 37,412 $ 76 $ - $ 614 $ 38,102 Farmland 26,298 817 731 6,048 33,894 Residential 261,138 654 1,741 2,066 265,599 Commercial mortgage 178,154 2,288 837 4,500 185,779 Non-Real Estate Secured: Commercial & agricultural 33,093 503 147 555 34,298 Consumer & other 19,517 - - 2 19,519 Total $ 555,612 $ 4,338 $ 3,456 $ 13,785 $ 577,191 December 31, 201 9 Real Estate Secured: Construction & development $ 38,945 $ 557 $ - $ 147 $ 39,649 Farmland 25,534 1,494 673 6,465 34,166 Residential 250,978 538 176 1,982 253,674 Commercial mortgage 183,141 2,403 930 4,343 190,817 Non-Real Estate Secured: Commercial & agricultural 31,308 541 103 474 32,426 Consumer & other 19,614 - - 7 19,621 Total $ 549,520 $ 5,533 $ 1,882 $ 13,418 $ 570,353
Financing Receivable, Past Due [Table Text Block]	(dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans 90+ Days Past Due and Still Accruing Nonaccrual Loans March 31, 20 20 Real Estate Secured: Construction & development $ - $ - $ 10 $ 10 $ 38,092 $ 38,102 $ - $ 10 Farmland 1,218 - 116 1,334 32,560 33,894 - 3,734 Residential 257 47 258 562 265,037 265,599 - 364 Commercial mortgage 220 - 184 404 185,375 185,779 - 378 Non-Real Estate Secured: Commercial & agricultural 195 - 189 384 33,914 34,298 - 191 Consumer & other 22 - 2 24 19,495 19,519 - 2 Total $ 1,912 $ 47 $ 759 $ 2,718 $ 574,473 $ 577,191 $ - $ 4,679 December 31, 201 9 Real Estate Secured: Construction & development $ - $ - $ 10 $ 10 $ 39,639 $ 39,649 $ - $ 10 Farmland 893 - 971 1,864 32,302 34,166 - 4,192 Residential 292 48 365 705 252,969 253,674 - 412 Commercial mortgage 185 - - 185 190,632 190,817 - 198 Non-Real Estate Secured: Commercial & agricultural 135 8 163 306 32,120 32,426 - 165 Consumer & other 2 6 2 10 19,611 19,621 - 2 Total $ 1,507 $ 62 $ 1,511 $ 3,080 $ 567,273 $ 570,353 $ - $ 4,979
Impaired Financing Receivables [Table Text Block]	Three months ended (dollars in thousands) Recorded Investment 1 Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized March 31, 20 20 With no related allowance recorded: Construction & development $ - $ - $ - $ - $ - Farmland 2,858 2,858 - 3,049 5 Residential 908 908 - 908 10 Commercial mortgage - - - - - Commercial & agricultural - - - - - Consumer & other - - - - - Subtotal 3,766 3,766 - 3,957 15 With an allowance recorded: Construction & development 414 414 21 420 6 Farmland 150 150 2 150 1 Residential 3,319 3,469 165 3,332 46 Commercial mortgage 10 55 1 11 1 Commercial & agricultural 30 30 1 30 - Consumer & other 2 2 - 3 - Subtotal 3,925 4,120 190 3,946 54 Totals: Construction & development 414 414 21 420 6 Farmland 3,008 3,008 2 3,199 6 Residential 4,227 4,377 165 4,240 56 Commercial mortgage 10 55 1 11 1 Commercial & agricultural 30 30 1 30 - Consumer & other 2 2 - 3 - Total $ 7,691 $ 7,886 $ 190 $ 7,903 $ 69 (dollars in thousands) Recorded Investment 1 Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2019 With no related allowance recorded: Construction & development $ - $ - $ - $ - $ - Farmland 3,240 3,240 - 3,505 25 Residential 909 909 - 921 40 Commercial mortgage - - - - - Commercial & agricultural - - - - - Consumer & other - - - - - Subtotal 4,149 4,149 - 4,426 65 With an allowance recorded: Construction & development 72 72 3 76 6 Farmland 150 150 2 1,545 70 Residential 3,345 3,495 166 4,161 225 Commercial mortgage 11 56 1 268 11 Commercial & agricultural 31 31 1 34 2 Consumer & other 3 3 1 4 - Subtotal 3,612 3,807 174 6,088 314 Totals: Construction & development 72 72 3 76 6 Farmland 3,390 3,390 2 5,050 95 Residential 4,254 4,404 166 5,082 265 Commercial mortgage 11 56 1 268 11 Commercial & agricultural 31 31 1 34 2 Consumer & other 3 3 1 4 - Total $ 7,761 $ 7,956 $ 174 $ 10,514 $ 379
Financing Receivable, Troubled Debt Restructuring [Table Text Block]	(dollars in thousands) TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulte d (1) Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Construction & development 1 $ 344 $ 344 - $ - $ - Farmland - - - - - - Residential - - - - - - Commercial mortgage - - - - - - Commercial & agricultural - - - - - - Consumer & other - - - - - - Total 1 $ 344 $ 344 - $ - $ - (dollars in thousands) TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulte d (1) Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Construction & development - $ - $ - - $ - $ - Farmland - - - - - - Residential 1 117 129 - - - Commercial mortgage - - - - - - Commercial & agricultural - - - - - - Consumer & other - - - - - - Total 1 $ 117 $ 129 - $ - $ -
Schedule of Business Acquisition, Carrying Amount of Acquired Loans [Table Text Block]	(dollars in thousands) 20 20 201 9 Residential $ 147 $ 150 Commercial mortgage 314 321 Commercial & agricultural 146 146 Outstanding balance $ 607 $ 617 Carrying amount $ 607 $ 617
Carrying Amount of Purchased Credit Impaired Loans [Table Text Block]	(dollars in thousands) 20 20 201 9 Loans at beginning of year $ 617 $ 714 Loans purchased during the year - - Loans at end of period $ 607 $ 617

Note 5 - Employee Benefit Plan

Note 5 - Employee Benefit Plan (Tables)	3 Months Ended
Note 5 - Employee Benefit Plan (Tables)	Mar. 31, 2020
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Three Months Ended March 31, (dollars in thousands) 2020 2019 Interest cost $ 41 $ 46 Expected return on plan assets (157 ) (138 ) Recognized net actuarial loss 7 10 Net periodic benefit cost $ (109 ) $ (82 )

Note 6 - Goodwill and Intangi_2

Note 6 - Goodwill and Intangible Assets (Tables)	3 Months Ended
Note 6 - Goodwill and Intangible Assets (Tables)	Mar. 31, 2020
Notes Tables
Schedule of Goodwill [Table Text Block]	March 31, December 31, (dollars in thousands) 2020 2019 Beginning of year $ 3,257 $ 3,198 Measurement period adjustment - 59 Impairment - - End of the period $ 3,257 $ 3,257
Schedule of Finite-Lived Intangible Assets [Table Text Block]	March 31, December 31, (dollars in thousands) 2020 2019 Balance at beginning of year, net $ 3,070 $ 3,892 Amortization expense (193 ) (822 ) Net book value $ 2,877 $ 3,070

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)	3 Months Ended
Note 7 - Leases (Tables)	Mar. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	March 31, December 31, (dollars in thousands) 2020 2019 Lease liabilities $ 708 $ 729 Right-of-use assets $ 708 $ 729 Weighted average remaining lease term (years) 7.93 8.06 Weighted average discount rate 2.65 % 2.39 %
Lessee, Operating Lease, Disclosure [Table Text Block]	Three Months Ended March 31, (dollars in thousands) 2020 2019 Lease Expense Operating lease expense $ 25 $ 11 Short-term lease expense 16 38 Total lease expense $ 41 $ 49 Cash paid for amounts included in lease liabilities $ 25 $ 11
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	(dollars in thousands) Nine months ending December 31, 2020 $ 98 Twelve months ending December 31, 2021 128 Twelve months ending December 31, 2022 97 Twelve months ending December 31, 2023 66 Twelve months ending December 31, 2024 68 Thereafter 330 Total undiscounted cash flows $ 787 Less discount (79 ) Lease liabilities $ 708

Note 8 - Commitments and Cont_2

Note 8 - Commitments and Contingencies (Tables)	3 Months Ended
Note 8 - Commitments and Contingencies (Tables)	Mar. 31, 2020
Notes Tables
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	March 31, December 31, (dollars in thousands) 2020 2019 Commitments to extend credit $ 105,654 $ 95,190 Standby letters of credit 1,243 1,313 $ 106,897 $ 96,503

Note 9 - Financial Instruments

Note 9 - Financial Instruments (Tables)	3 Months Ended
Note 9 - Financial Instruments (Tables)	Mar. 31, 2020
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements Quoted Prices in Active Markets for Identical Assets or Significant Other Observable Significant Unobservable (dollars in thousands) Carrying Amount Fair Value Liabilities (Level 1) Inputs (Level 2) Inputs (Level 3) March 31, 20 20 Financial Instruments – Assets Net Loans $ 572,939 $ 560,260 $ - $ 560,058 $ 202 Financial Instruments – Liabilities Time Deposits 189,347 191,921 - 191,921 - FHLB Advances 10,000 9,677 - 9,677 - December 31, 201 9 Financial Instruments – Assets Net Loans $ 566,460 $ 557,054 $ - $ 556,851 $ 203 Financial Instruments – Liabilities Time Deposits 191,988 192,365 - 192,365 - FHLB Advances 10,000 10,021 - 10,021 -
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 March 31, 2020 Investment securities available for sale Mortgage-backed securities $ 17,200 $ - $ 17,200 $ - Corporate securities 1,224 - 1,224 - State and municipal securities 10,746 - 10,746 - Total assets at fair value $ 29,170 $ - $ 29,170 $ - December 31, 201 9 Investment securities available for sale Mortgage-backed securities $ 19,504 $ - $ 19,504 $ - Corporate securities 1,433 - 1,433 - State and municipal securities 11,944 - 11,944 - Total assets at fair value $ 32,881 $ - $ 32,881 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 March 31, 20 20 Impaired loans $ 202 $ - $ - $ 202 Total assets at fair value $ 202 $ - $ - $ 202 (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 201 9 Impaired loans $ 203 $ - $ - $ 203 Total assets at fair value $ 203 $ - $ - $ 203
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value at March 31, 2020 Fair Value at December 31, 2019 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 202 $ 203 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10%

Note 12 - Capital Requirements

Note 12 - Capital Requirements (Tables)	3 Months Ended
Note 12 - Capital Requirements (Tables)	Mar. 31, 2020
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual For Capital Adequacy Purposes To Be Well- Capitalized Amount Ratio Amount Ratio Amount Ratio March 31, 20 20 Total Capital (to risk weighted assets) $ 79,814 13.48 % $ 47,370 8.00 % $ 59,212 10.00 % Tier 1 Capital (to risk weighted assets) $ 75,529 12.76 % $ 35,527 6.00 % $ 47,370 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 75,529 12.76 % $ 26,646 4.50 % $ 38,488 6.50 % Tier 1 Capital (to average total assets) $ 75,529 10.70 % $ 28,245 4.00 % $ 35,307 5.00 % December 31, 201 9 Total Capital (to risk weighted assets) $ 78,652 13.53 % $ 46,499 8.00 % $ 58,124 10.00 % Tier 1 Capital (to risk weighted assets) $ 74,726 12.86 % $ 34,874 6.00 % $ 46,499 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 74,726 12.86 % $ 26,156 4.50 % $ 37,780 6.50 % Tier 1 Capital (to average total assets) $ 74,726 10.80 % $ 27,680 4.00 % $ 34,599 5.00 %

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) $ in Millions	Jul. 01, 2018USD ($)shares	Jul. 01, 2016	Mar. 31, 2020
Grayson Bankshares, Inc [Member]
Business Acquisition, Equity Interest Issued or Issuable, Exchange Ratio		1.76
Grayson Bankshares, Inc [Member] \| Parkway Acquisition Corp. [Member]
Ownership Percentage in Newly Issued Shares		60.00%
Cardinal Bankshares Corporation [Member]
Business Acquisition, Equity Interest Issued or Issuable, Exchange Ratio		1.3
Cardinal Bankshares Corporation [Member] \| Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			20 years
Cardinal Bankshares Corporation [Member] \| Parkway Acquisition Corp. [Member]
Ownership Percentage in Newly Issued Shares		40.00%
Great State Bank [Member]
Business Acquisition, Equity Interest Issued or Issuable, Exchange Ratio	1.21
Stock Issued During Period, Shares, Acquisitions (in shares) \| shares	1,191,899
Stock Issued During Period, Value, Acquisitions \| $	$ 15.5
Great State Bank [Member] \| Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			7 years

Note 1 - Organization and Sum_4

Note 1 - Organization and Summary of Significant Accounting Policies - Property and Equipment Useful Lives (Details)	3 Months Ended
	Mar. 31, 2020
Building and Building Improvements [Member] \| Minimum [Member]
Property and equipment useful life (Year)	10 years
Building and Building Improvements [Member] \| Maximum [Member]
Property and equipment useful life (Year)	40 years
Furniture and Equipment [Member] \| Minimum [Member]
Property and equipment useful life (Year)	5 years
Furniture and Equipment [Member] \| Maximum [Member]
Property and equipment useful life (Year)	12 years

Note 1 - Organization and Sum_5

Note 1 - Organization and Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Balance	$ 81,428	$ 75,622
Balance	81,471	77,108
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Balance	51	(929)
Other comprehensive income before reclassifications	129	556
Amounts reclassified from accumulated other comprehensive income, net of tax	(168)	11
Balance	12	(362)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(975)	(1,038)
Other comprehensive income before reclassifications
Amounts reclassified from accumulated other comprehensive income, net of tax
Balance	(975)	(1,038)
AOCI Attributable to Parent [Member]
Balance	(924)	(1,967)
Other comprehensive income before reclassifications	129	556
Amounts reclassified from accumulated other comprehensive income, net of tax	(168)	11
Balance	$ (963)	$ (1,400)

Note 2 - Investment Securitie_2

Note 2 - Investment Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Restricted Investments	$ 2,416		$ 2,394
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions	7
Percentage of Debt Securities with Unrealized Losses Depreciated	4.73%
Proceeds from Sale of Available-for-sale Securities, Equity	$ 7,800
Available for Sale Securities Called, Gross Realized Losses	10	$ 220
Deposit Liabilities, Collateral Issued, Financial Instruments	$ 16,000		$ 15,500

Note 2 - Investment Securitie_3

Note 2 - Investment Securities - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Amortized cost	$ 29,155	$ 32,817
Unrealized gains	366	229
Unrealized losses	(351)	(165)
Fair value	29,170	32,881
Collateralized Mortgage Backed Securities [Member]
Amortized cost	16,926	19,540
Unrealized gains	320	61
Unrealized losses	(46)	(97)
Fair value	17,200	19,504
Corporate Debt Securities [Member]
Amortized cost	1,500	1,500
Unrealized gains
Unrealized losses	(276)	(67)
Fair value	1,224	1,433
US States and Political Subdivisions Debt Securities [Member]
Amortized cost	10,729	11,777
Unrealized gains	46	168
Unrealized losses	(29)	(1)
Fair value	$ 10,746	$ 11,944

Note 2 - Investment Securitie_4

Note 2 - Investment Securities - Continuous Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Less than 12 months, fair value	$ 5,828	$ 9,635
Less than 12 months, unrealized losses	(75)	(98)
12 months or more, fair value	1,224	1,433
12 months or more, unrealized losses	(276)	(67)
Fair value	7,052	11,068
Unrealized losses	(351)	(165)
Collateralized Mortgage Backed Securities [Member]
Less than 12 months, fair value	3,942	8,625
Less than 12 months, unrealized losses	(46)	(97)
12 months or more, fair value
12 months or more, unrealized losses
Fair value	3,942	8,625
Unrealized losses	(46)	(97)
Corporate Debt Securities [Member]
Less than 12 months, fair value
Less than 12 months, unrealized losses
12 months or more, fair value	1,224	1,433
12 months or more, unrealized losses	(276)	(67)
Fair value	1,224	1,433
Unrealized losses	(276)	(67)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value	1,886	1,010
Less than 12 months, unrealized losses	(29)	(1)
12 months or more, fair value
12 months or more, unrealized losses
Fair value	1,886	1,010
Unrealized losses	$ (29)	$ (1)

Note 2 - Investment Securitie_5

Note 2 - Investment Securities - Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Realized gains	$ 212
Realized losses		(14)
Debt Securities, Available-for-sale, Realized Gain (Loss), Total	$ 212	$ (14)

Note 2 - Investment Securitie_6

Note 2 - Investment Securities - Maturities of Securities Available for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Due in one year or less, amortized cost	$ 2,754
Due in one year or less, fair value	2,754
Due after one year through five years, amortized cost	6,488
Due after one year through five years, fair value	6,523
Due after five years through ten years, amortized cost	9,395
Due after five years through ten years, fair value	9,140
Due after ten years, amortized cost	10,518
Due after ten years, fair value	10,753
Amortized cost	29,155	$ 32,817
Fair value	$ 29,170	$ 32,881

Note 3 - Loans Receivable - Com

Note 3 - Loans Receivable - Components of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Loans receivable	$ 577,191	$ 570,353
Allowance for loan losses	(4,252)	(3,893)	$ (3,618)	$ (3,495)
Loans, net of allowance for loan losses	572,939	566,460
Construction and Development Loan [Member]
Loans receivable	38,102	39,649
Allowance for loan losses	(341)	(305)	(268)	(246)
Farmland Loan [Member]
Loans receivable	33,894	34,166
Allowance for loan losses	(465)	(487)	(407)	(385)
Residential Loan [Member]
Loans receivable	265,599	253,674
Allowance for loan losses	(1,998)	(1,822)	(1,733)	(1,807)
Commercial Mortgage Loan [Member]
Loans receivable	185,779	190,817
Allowance for loan losses	(1,054)	(924)	(697)	(682)
Commercial and Agricultural Loan [Member]
Loans receivable	34,298	32,426
Allowance for loan losses	(246)	(211)	(385)	(281)
Consumer and Other Loan [Member]
Loans receivable	19,519	19,621
Allowance for loan losses	$ (148)	$ (144)	$ (128)	$ (94)

Note 4 - Allowance for Loan L_3

Note 4 - Allowance for Loan Losses and Impaired Loans (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2015USD ($)
Provision for Loan and Lease Losses, Total	$ 322,000	$ 238,000
Loans and Leases Receivable, Gross, Total	577,191,000		$ 570,353,000
Impaired Financing Receivable, Recorded Investment, Total	7,691,000		7,761,000
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	3,766,000		4,149,000
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	5,200,000		4,800,000
Financing Receivable, Troubled Debt Restructuring, Collectively Evaluated for impairment	3,900,000		3,600,000
Financing Receivable, Troubled Debt Restructuring, Related Allowance	$ 190,000		174,000
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts	0	0
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Ending Balance	$ 0		0
Purchase Credit Impaired Loans	0		0
Maximum [Member]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment				$ 250,000
Collateral Pledged [Member]
Impaired Financing Receivable, Recorded Investment, Total	2,500,000		2,900,000
Doubtful [Member]
Loans and Leases Receivable, Gross, Total	0		0
Unlikely to be Collected Financing Receivable [Member]
Loans and Leases Receivable, Gross, Total	0		0
Unallocated Financing Receivables [Member]
Provision for Loan and Lease Losses, Total	$ 0		$ 0

Note 4 - Allowance for Loan L_4

Note 4 - Allowance for Loan Losses and Impaired Loans - Allowance for Loan Losses and Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Balance	$ 3,893	$ 3,495	$ 3,495
Charge-offs	(53)	(163)
Recoveries	90	48
Provision for Loan and Lease Losses, Total	322	238
Balance	4,252	3,618	3,893
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	4,252		3,893
Ending Balance	577,191		570,353
Allowance for loan losses, ending balance: individually evaluated for impairment	3,766		4,149
Allowance for loan losses, ending balance: collectively evaluated for impairment	527,818		565,587
Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance	607		617
Construction and Development Loan [Member]
Balance	305	246	246
Charge-offs
Recoveries	4
Provision for Loan and Lease Losses, Total	32	22
Balance	341	268	305
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	341		305
Ending Balance	38,102		39,649
Allowance for loan losses, ending balance: individually evaluated for impairment
Allowance for loan losses, ending balance: collectively evaluated for impairment	38,102		39,649
Construction and Development Loan [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance
Farmland Loan [Member]
Balance	487	385	385
Charge-offs		(14)
Recoveries
Provision for Loan and Lease Losses, Total	(22)	36
Balance	465	407	487
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	465		487
Ending Balance	33,894		34,166
Allowance for loan losses, ending balance: individually evaluated for impairment	2,858		3,240
Allowance for loan losses, ending balance: collectively evaluated for impairment	31,036		30,926
Farmland Loan [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance
Residential Loan [Member]
Balance	1,822	1,807	1,807
Charge-offs		(12)
Recoveries	8	7
Provision for Loan and Lease Losses, Total	168	(69)
Balance	1,998	1,733	1,822
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,998		1,822
Ending Balance	265,599		253,674
Allowance for loan losses, ending balance: individually evaluated for impairment	908		909
Allowance for loan losses, ending balance: collectively evaluated for impairment	264,544		252,615
Residential Loan [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance	147		150
Commercial Mortgage Loan [Member]
Balance	924	682	682
Charge-offs		(41)
Recoveries	65	28
Provision for Loan and Lease Losses, Total	65	28
Balance	1,054	697	924
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	1,054		924
Ending Balance	185,779		190,817
Allowance for loan losses, ending balance: individually evaluated for impairment
Allowance for loan losses, ending balance: collectively evaluated for impairment	185,465		190,496
Commercial Mortgage Loan [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance	314		321
Commercial and Agricultural Loan [Member]
Balance	211	281	281
Charge-offs		(44)
Recoveries	2	2
Provision for Loan and Lease Losses, Total	33	146
Balance	246	385	211
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	246		211
Ending Balance	34,298		32,426
Allowance for loan losses, ending balance: individually evaluated for impairment
Allowance for loan losses, ending balance: collectively evaluated for impairment	34,152		32,280
Commercial and Agricultural Loan [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance	146		146
Consumer and Other Loan [Member]
Balance	144	94	94
Charge-offs	(53)	(52)
Recoveries	11	11
Provision for Loan and Lease Losses, Total	46	75
Balance	148	$ 128	144
Ending balance: individually evaluated for impairment
Ending balance: collectively evaluated for impairment	148		144
Ending Balance	19,519		19,621
Allowance for loan losses, ending balance: individually evaluated for impairment
Allowance for loan losses, ending balance: collectively evaluated for impairment	19,519		19,621
Consumer and Other Loan [Member] \| Financial Asset Acquired with Credit Deterioration [Member]
Balance
Balance
Ending Balance

Note 4 - Allowance for Loan L_5

Note 4 - Allowance for Loan Losses and Impaired Loans - Reclassification of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans receivable	$ 577,191	$ 570,353
Construction and Development Loan [Member]
Loans receivable	38,102	39,649
Farmland Loan [Member]
Loans receivable	33,894	34,166
Residential Loan [Member]
Loans receivable	265,599	253,674
Commercial Mortgage Loan [Member]
Loans receivable	185,779	190,817
Commercial and Agricultural Loan [Member]
Loans receivable	34,298	32,426
Consumer and Other Loan [Member]
Loans receivable	19,519	19,621
Watch [Member]
Loans receivable	4,338	5,533
Watch [Member] \| Previously Reported [Member]
Loans receivable		55,353
Watch [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(49,820)
Watch [Member] \| Construction and Development Loan [Member]
Loans receivable	76	557
Watch [Member] \| Construction and Development Loan [Member] \| Previously Reported [Member]
Loans receivable		4,801
Watch [Member] \| Construction and Development Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(4,244)
Watch [Member] \| Farmland Loan [Member]
Loans receivable	817	1,494
Watch [Member] \| Farmland Loan [Member] \| Previously Reported [Member]
Loans receivable		4,059
Watch [Member] \| Farmland Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(2,565)
Watch [Member] \| Residential Loan [Member]
Loans receivable	654	538
Watch [Member] \| Residential Loan [Member] \| Previously Reported [Member]
Loans receivable		19,887
Watch [Member] \| Residential Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(19,349)
Watch [Member] \| Commercial Mortgage Loan [Member]
Loans receivable	2,288	2,403
Watch [Member] \| Commercial Mortgage Loan [Member] \| Previously Reported [Member]
Loans receivable		21,960
Watch [Member] \| Commercial Mortgage Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(19,557)
Watch [Member] \| Commercial and Agricultural Loan [Member]
Loans receivable	503	541
Watch [Member] \| Commercial and Agricultural Loan [Member] \| Previously Reported [Member]
Loans receivable		4,346
Watch [Member] \| Commercial and Agricultural Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(3,805)
Watch [Member] \| Consumer and Other Loan [Member]
Loans receivable
Watch [Member] \| Consumer and Other Loan [Member] \| Previously Reported [Member]
Loans receivable		300
Watch [Member] \| Consumer and Other Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		(300)
Pass [Member]
Loans receivable	555,612	549,520
Pass [Member] \| Previously Reported [Member]
Loans receivable		499,700
Pass [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		49,820
Pass [Member] \| Construction and Development Loan [Member]
Loans receivable	37,412	38,945
Pass [Member] \| Construction and Development Loan [Member] \| Previously Reported [Member]
Loans receivable		34,701
Pass [Member] \| Construction and Development Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		4,244
Pass [Member] \| Farmland Loan [Member]
Loans receivable	26,298	25,534
Pass [Member] \| Farmland Loan [Member] \| Previously Reported [Member]
Loans receivable		22,969
Pass [Member] \| Farmland Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		2,565
Pass [Member] \| Residential Loan [Member]
Loans receivable	261,138	250,978
Pass [Member] \| Residential Loan [Member] \| Previously Reported [Member]
Loans receivable		231,629
Pass [Member] \| Residential Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		19,349
Pass [Member] \| Commercial Mortgage Loan [Member]
Loans receivable	178,154	183,141
Pass [Member] \| Commercial Mortgage Loan [Member] \| Previously Reported [Member]
Loans receivable		163,584
Pass [Member] \| Commercial Mortgage Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		19,557
Pass [Member] \| Commercial and Agricultural Loan [Member]
Loans receivable	33,093	31,308
Pass [Member] \| Commercial and Agricultural Loan [Member] \| Previously Reported [Member]
Loans receivable		27,503
Pass [Member] \| Commercial and Agricultural Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		3,805
Pass [Member] \| Consumer and Other Loan [Member]
Loans receivable	$ 19,517	19,614
Pass [Member] \| Consumer and Other Loan [Member] \| Previously Reported [Member]
Loans receivable		19,314
Pass [Member] \| Consumer and Other Loan [Member] \| Revision of Prior Period, Reclassification, Adjustment [Member]
Loans receivable		$ 300

Note 4 - Allowance for Loan L_6

Note 4 - Allowance for Loan Losses and Impaired Loans - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Loans receivable	$ 577,191	$ 570,353
Construction and Development Loan [Member]
Loans receivable	38,102	39,649
Farmland Loan [Member]
Loans receivable	33,894	34,166
Residential Loan [Member]
Loans receivable	265,599	253,674
Commercial Mortgage Loan [Member]
Loans receivable	185,779	190,817
Commercial and Agricultural Loan [Member]
Loans receivable	34,298	32,426
Consumer and Other Loan [Member]
Loans receivable	19,519	19,621
Pass [Member]
Loans receivable	555,612	549,520
Pass [Member] \| Construction and Development Loan [Member]
Loans receivable	37,412	38,945
Pass [Member] \| Farmland Loan [Member]
Loans receivable	26,298	25,534
Pass [Member] \| Residential Loan [Member]
Loans receivable	261,138	250,978
Pass [Member] \| Commercial Mortgage Loan [Member]
Loans receivable	178,154	183,141
Pass [Member] \| Commercial and Agricultural Loan [Member]
Loans receivable	33,093	31,308
Pass [Member] \| Consumer and Other Loan [Member]
Loans receivable	19,517	19,614
Watch [Member]
Loans receivable	4,338	5,533
Watch [Member] \| Construction and Development Loan [Member]
Loans receivable	76	557
Watch [Member] \| Farmland Loan [Member]
Loans receivable	817	1,494
Watch [Member] \| Residential Loan [Member]
Loans receivable	654	538
Watch [Member] \| Commercial Mortgage Loan [Member]
Loans receivable	2,288	2,403
Watch [Member] \| Commercial and Agricultural Loan [Member]
Loans receivable	503	541
Watch [Member] \| Consumer and Other Loan [Member]
Loans receivable
Special Mention [Member]
Loans receivable	3,456	1,882
Special Mention [Member] \| Construction and Development Loan [Member]
Loans receivable
Special Mention [Member] \| Farmland Loan [Member]
Loans receivable	731	673
Special Mention [Member] \| Residential Loan [Member]
Loans receivable	1,741	176
Special Mention [Member] \| Commercial Mortgage Loan [Member]
Loans receivable	837	930
Special Mention [Member] \| Commercial and Agricultural Loan [Member]
Loans receivable	147	103
Special Mention [Member] \| Consumer and Other Loan [Member]
Loans receivable
Substandard [Member]
Loans receivable	13,785	13,418
Substandard [Member] \| Construction and Development Loan [Member]
Loans receivable	614	147
Substandard [Member] \| Farmland Loan [Member]
Loans receivable	6,048	6,465
Substandard [Member] \| Residential Loan [Member]
Loans receivable	2,066	1,982
Substandard [Member] \| Commercial Mortgage Loan [Member]
Loans receivable	4,500	4,343
Substandard [Member] \| Commercial and Agricultural Loan [Member]
Loans receivable	555	474
Substandard [Member] \| Consumer and Other Loan [Member]
Loans receivable	$ 2	$ 7

Note 4 - Allowance for Loan L_7

Note 4 - Allowance for Loan Losses and Impaired Loans - Analysis of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Past due	$ 2,718	$ 3,080
Current	574,473	567,273
Loans receivable	577,191	570,353
Past due and still accruing
Nonaccrual loans	4,679	4,979
Construction and Development Loan [Member]
Past due	10	10
Current	38,092	39,639
Loans receivable	38,102	39,649
Past due and still accruing
Nonaccrual loans	10	10
Farmland Loan [Member]
Past due	1,334	1,864
Current	32,560	32,302
Loans receivable	33,894	34,166
Past due and still accruing
Nonaccrual loans	3,734	4,192
Residential Loan [Member]
Past due	562	705
Current	265,037	252,969
Loans receivable	265,599	253,674
Past due and still accruing
Nonaccrual loans	364	412
Commercial Mortgage Loan [Member]
Past due	404	185
Current	185,375	190,632
Loans receivable	185,779	190,817
Past due and still accruing
Nonaccrual loans	378	198
Commercial and Agricultural Loan [Member]
Past due	384	306
Current	33,914	32,120
Loans receivable	34,298	32,426
Past due and still accruing
Nonaccrual loans	191	165
Consumer and Other Loan [Member]
Past due	24	10
Current	19,495	19,611
Loans receivable	19,519	19,621
Past due and still accruing
Nonaccrual loans	2	2
Financial Asset, 30 to 59 Days Past Due [Member]
Past due	1,912	1,507
Financial Asset, 30 to 59 Days Past Due [Member] \| Construction and Development Loan [Member]
Past due
Financial Asset, 30 to 59 Days Past Due [Member] \| Farmland Loan [Member]
Past due	1,218	893
Financial Asset, 30 to 59 Days Past Due [Member] \| Residential Loan [Member]
Past due	257	292
Financial Asset, 30 to 59 Days Past Due [Member] \| Commercial Mortgage Loan [Member]
Past due	220	185
Financial Asset, 30 to 59 Days Past Due [Member] \| Commercial and Agricultural Loan [Member]
Past due	195	135
Financial Asset, 30 to 59 Days Past Due [Member] \| Consumer and Other Loan [Member]
Past due	22	2
Financial Asset, 60 to 89 Days Past Due [Member]
Past due	47	62
Financial Asset, 60 to 89 Days Past Due [Member] \| Construction and Development Loan [Member]
Past due
Financial Asset, 60 to 89 Days Past Due [Member] \| Farmland Loan [Member]
Past due
Financial Asset, 60 to 89 Days Past Due [Member] \| Residential Loan [Member]
Past due	47	48
Financial Asset, 60 to 89 Days Past Due [Member] \| Commercial Mortgage Loan [Member]
Past due
Financial Asset, 60 to 89 Days Past Due [Member] \| Commercial and Agricultural Loan [Member]
Past due		8
Financial Asset, 60 to 89 Days Past Due [Member] \| Consumer and Other Loan [Member]
Past due		6
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Past due	759	1,511
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Construction and Development Loan [Member]
Past due	10	10
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Farmland Loan [Member]
Past due	116	971
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Residential Loan [Member]
Past due	258	365
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Commercial Mortgage Loan [Member]
Past due	184
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Commercial and Agricultural Loan [Member]
Past due	189	163
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] \| Consumer and Other Loan [Member]
Past due	$ 2	$ 2

Note 4 - Allowance for Loan L_8

Note 4 - Allowance for Loan Losses and Impaired Loans - Impaired Loans (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Recorded investment with no related allowance		$ 3,766	$ 4,149
Unpaid principal balance with no related allowance		3,766	4,149
Average recorded investment with no related allowance		3,957	4,426
Interest income recognized with no related allowance		15	65
Recorded investment with related allowance	[1]	3,925	3,612
Unpaid principal balance with related allowance		4,120	3,807
Related allowance		190	174
Average recorded investment with related allowance		3,946	6,088
Interest income recognized with related allowance		54	314
Recorded investment		7,691	7,761
Unpaid principal balance		7,886	7,956
Average recorded investment		7,903	10,514
Interest income recognized		69	379
Construction and Development Loan [Member]
Recorded investment with no related allowance	[1]
Unpaid principal balance with no related allowance
Average recorded investment with no related allowance
Interest income recognized with no related allowance
Recorded investment with related allowance	[1]	414	72
Unpaid principal balance with related allowance		414	72
Related allowance		21	3
Average recorded investment with related allowance		420	76
Interest income recognized with related allowance		6	6
Recorded investment	[1]	414	72
Unpaid principal balance		414	72
Average recorded investment		420	76
Interest income recognized		6	6
Farmland Loan [Member]
Recorded investment with no related allowance	[1]	2,858	3,240
Unpaid principal balance with no related allowance		2,858	3,240
Average recorded investment with no related allowance		3,049	3,505
Interest income recognized with no related allowance		5	25
Recorded investment with related allowance	[1]	150	150
Unpaid principal balance with related allowance		150	150
Related allowance		2	2
Average recorded investment with related allowance		150	1,545
Interest income recognized with related allowance		1	70
Recorded investment	[1]	3,008	3,390
Unpaid principal balance		3,008	3,390
Average recorded investment		3,199	5,050
Interest income recognized		6	95
Residential Loan [Member]
Recorded investment with no related allowance	[1]	908	909
Unpaid principal balance with no related allowance		908	909
Average recorded investment with no related allowance		908	921
Interest income recognized with no related allowance		10	40
Recorded investment with related allowance	[1]	3,319	3,345
Unpaid principal balance with related allowance		3,469	3,495
Related allowance		165	166
Average recorded investment with related allowance		3,332	4,161
Interest income recognized with related allowance		46	225
Recorded investment	[1]	4,227	4,254
Unpaid principal balance		4,377	4,404
Average recorded investment		4,240	5,082
Interest income recognized		56	265
Commercial Mortgage Loan [Member]
Recorded investment with no related allowance	[1]
Unpaid principal balance with no related allowance
Average recorded investment with no related allowance
Interest income recognized with no related allowance
Recorded investment with related allowance	[1]	10	11
Unpaid principal balance with related allowance		55	56
Related allowance		1	1
Average recorded investment with related allowance		11	268
Interest income recognized with related allowance		1	11
Recorded investment	[1]	10	11
Unpaid principal balance		55	56
Average recorded investment		11	268
Interest income recognized		1	11
Commercial and Agricultural Loan [Member]
Recorded investment with no related allowance	[1]
Unpaid principal balance with no related allowance
Average recorded investment with no related allowance
Interest income recognized with no related allowance
Recorded investment with related allowance	[1]	30	31
Unpaid principal balance with related allowance		30	31
Related allowance		1	1
Average recorded investment with related allowance		30	34
Interest income recognized with related allowance			2
Recorded investment	[1]	30	31
Unpaid principal balance		30	31
Average recorded investment		30	34
Interest income recognized			2
Consumer and Other Loan [Member]
Recorded investment with no related allowance	[1]
Unpaid principal balance with no related allowance
Average recorded investment with no related allowance
Interest income recognized with no related allowance
Recorded investment with related allowance	[1]	2	3
Unpaid principal balance with related allowance		2	3
Related allowance			1
Average recorded investment with related allowance		3	4
Interest income recognized with related allowance
Recorded investment	[1]	2	3
Unpaid principal balance		2	3
Average recorded investment		3	4
Interest income recognized

[1]	Recorded investment is the loan balance, net of any charge-offs

Note 4 - Allowance for Loan L_9

Note 4 - Allowance for Loan Losses and Impaired Loans - Troubled Debt Restructuring (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)
Number of contracts		1	1
Premodification		$ 344	$ 117
Postmodification		$ 344	$ 129
Number of contracts, subsequently defaulted		0	0
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]
Construction and Development Loan [Member]
Number of contracts		1
Premodification		$ 344
Postmodification		$ 344
Number of contracts, subsequently defaulted	[1]
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]
Farmland Loan [Member]
Number of contracts
Premodification
Postmodification
Number of contracts, subsequently defaulted	[1]
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]
Residential Loan [Member]
Number of contracts			1
Premodification			$ 117
Postmodification			$ 129
Number of contracts, subsequently defaulted	[1]
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]
Commercial Mortgage Loan [Member]
Number of contracts
Premodification
Postmodification
Number of contracts, subsequently defaulted	[1]
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]
Commercial and Agricultural Loan [Member]
Number of contracts
Premodification
Postmodification
Number of contracts, subsequently defaulted	[1]
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]
Consumer and Other Loan [Member]
Number of contracts
Premodification
Postmodification
Number of contracts, subsequently defaulted	[1]
Premodification, subsequently defaulted	[1]
Postmodification, subsequently defaulted	[1]

[1]	Loans past due 30 days or more are considered to be in default.

Note 4 - Allowance for Loan _10

Note 4 - Allowance for Loan Losses and Impaired Loans - Carrying Amount of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Outstanding balance	$ 607	$ 617
Carrying amount	607	617
Residential Loan [Member]
Outstanding balance	147	150
Commercial Mortgage Loan [Member]
Outstanding balance	314	321
Commercial and Agricultural Loan [Member]
Outstanding balance	$ 146	$ 146

Note 4 - Allowance for Loan _11

Note 4 - Allowance for Loan Losses and Impaired Loans - Summary of Carrying Amount of Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Loans	$ 617
Loans	607	$ 617
Financial Asset Acquired with Credit Deterioration [Member]
Loans	617	714
Loans purchased during the year
Loans	$ 607	$ 617

Note 5 - Employee Benefit Pla_2

Note 5 - Employee Benefit Plan - Net Periodic Pension Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest cost	$ 41	$ 46
Expected return on plan assets	(157)	(138)
Recognized net actuarial loss	7	10
Net periodic benefit cost	$ (109)	$ (82)

Note 6 - Goodwill and Intangi_3

Note 6 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Amortization of Intangible Assets, Total	$ 193	$ 219

Note 6 - Goodwill and Intangi_4

Note 6 - Goodwill and Intangible Assets - Change in Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Beginning of year	$ 3,257	$ 3,198
Measurement period adjustment		59
Impairment
End of the period	$ 3,257	$ 3,257

Note 6 - Goodwill and Intangi_5

Note 6 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Net book value, balance	$ 3,070
Net book value, balance	2,877	$ 3,070
Core Deposits [Member]
Net book value, balance	3,070	3,892
Amortization expense	(193)	(822)
Net book value, balance	$ 2,877	$ 3,070

Note 7 - Leases - Present Infor

Note 7 - Leases - Present Information About Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Right-of-use assets	$ 708	$ 729
Weighted average remaining lease term (years) (Year)	7 years 339 days	8 years 21 days
Weighted average discount rate	2.65%	2.39%
Other Liabilities [Member]
Lease liabilities	$ 708	$ 729

Note 7 - Leases - Lease expense

Note 7 - Leases - Lease expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating lease expense	$ 25	$ 11
Short-term lease expense	16	38
Total lease expense	41	49
Cash paid for amounts included in lease liabilities	$ 25	$ 11

Note 7 - Lease - Maturity Sched

Note 7 - Lease - Maturity Schedule of Undiscounted Cash flow (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Nine months ending December 31, 2020	$ 98
Twelve months ending December 31, 2021	128
Twelve months ending December 31, 2022	97
Twelve months ending December 31, 2023	66
Twelve months ending December 31, 2024	68
Thereafter	330
Total undiscounted cash flows	787
Less discount	(79)
Other Liabilities [Member]
Lease liabilities	$ 708	$ 729

Note 8 - Commitments and Cont_3

Note 8 - Commitments and Contingencies (Details Textual)	3 Months Ended
Note 8 - Commitments and Contingencies (Details Textual)	Mar. 31, 2020USD ($)
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure	$ 5,000,000

Note 8 - Commitments and Cont_4

Note 8 - Commitments and Contingencies - Summary of Bank's Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Financial instruments with off balance sheet risk	$ 106,897	$ 96,503
Commitments to Extend Credit [Member]
Financial instruments with off balance sheet risk	105,654	95,190
Standby Letters of Credit [Member]
Financial instruments with off balance sheet risk	$ 1,243	$ 1,313

Note 9 - Financial Instrument_2

Note 9 - Financial Instruments (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Nonrecurring [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 0	$ 0

Note 9 - Financial Instrument_3

Note 9 - Financial Instruments - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Reported Value Measurement [Member]
Net Loans	$ 572,939	$ 566,460
Time Deposits	189,347	191,988
FHLB Advances	10,000	10,000
Estimate of Fair Value Measurement [Member]
Net Loans	560,260	557,054
Time Deposits	191,921	192,365
FHLB Advances	9,677	10,021
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 1 [Member]
Net Loans
Time Deposits
FHLB Advances
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 2 [Member]
Net Loans	560,058	556,851
Time Deposits	191,921	192,365
FHLB Advances	9,677	10,021
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Net Loans	202	203
Time Deposits
FHLB Advances

Note 9 - Financial Instrument_4

Note 9 - Financial Instruments - Assets Recorded at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Investment securities available for sale	$ 29,170	$ 32,881
Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale
Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	29,170	32,881
Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale
Collateralized Mortgage Backed Securities [Member]
Investment securities available for sale	17,200	19,504
Collateralized Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale
Collateralized Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	17,200	19,504
Collateralized Mortgage Backed Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale
Corporate Debt Securities [Member]
Investment securities available for sale	1,224	1,433
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	1,224	1,433
Corporate Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale
US States and Political Subdivisions Debt Securities [Member]
Investment securities available for sale	10,746	11,944
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	10,746	11,944
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale

Note 9 - Financial Instrument_5

Note 9 - Financial Instruments - Assets Recorded at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Impaired Loans [Member]
Assets at fair value	$ 202	$ 203
Fair Value, Nonrecurring [Member]
Assets at fair value	202	203
Fair Value, Nonrecurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Fair Value, Nonrecurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Fair Value, Nonrecurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Assets at fair value	202	203
Fair Value, Nonrecurring [Member] \| Impaired Loans [Member]
Assets at fair value	202	203
Fair Value, Nonrecurring [Member] \| Impaired Loans [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Fair Value, Nonrecurring [Member] \| Impaired Loans [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Fair Value, Nonrecurring [Member] \| Impaired Loans [Member] \| Fair Value, Inputs, Level 3 [Member]
Assets at fair value	$ 202	$ 203

Note 9 - Financial Instrument_6

Note 9 - Financial Instruments - Significant Unobservable Inputs Used Fair Value Measurements (Details) $ in Thousands	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Minimum [Member] \| Measurement Input, Discount Rate [Member]
Impaired loans, significant unobservable inputs	0
Maximum [Member] \| Measurement Input, Discount Rate [Member]
Impaired loans, significant unobservable inputs	0.1
Impaired Loans [Member]
Assets at fair value	$ 202	$ 203

Note 10 - Short-term Debt (Deta

Note 10 - Short-term Debt (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Short-term Debt, Total	$ 0	$ 0
Unsecured Lines of Credit [Member]
Line of Credit Facility, Current Borrowing Capacity	50,000
Unsecured Lines of Credit [Member] \| Federal Home Loan Bank [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 166,400

Note 11 - Long-term Debt (Detai

Note 11 - Long-term Debt (Details Textual) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Advances from Federal Home Loan Banks, Total	$ 10	$ 10
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Interest Rate	0.819%

Note 12 - Capital Requirement_2

Note 12 - Capital Requirements - Capital Amounts and Ratios (Details)	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Capital	$ 79,814	$ 78,652
Capital, ratio	0.1348	0.1353
Capital required for capital adequacy	$ 47,370	$ 46,499
Capital required for capital adequacy, ratio	0.08	0.08
Capital required to be well capitalized	$ 59,212	$ 58,124
Capital required to be well capitalized, ratio	0.1	0.1
Tier 1 capital risk	$ 75,529	$ 74,726
Tier 1 capital risk, raio	0.1276	0.1286
Tier 1 Capital risk required for capital adequacy	$ 35,527	$ 34,874
Tier 1 Capital risk required for capital adequacy, ratio	0.06	0.06
Tier 1 Capital risk required to be well capitalized	$ 47,370	$ 46,499
Tier 1 Capital risk required to be well capitalized, ratio	0.08	0.08
Common equity Tier 1	$ 75,529	$ 74,726
Common equity Tier 1, raio	0.1276	0.1286
Common equity Tier 1 required for capital adequacy	$ 26,646	$ 26,156
Common equity Tier 1 required for capital adequacy, raio	0.045	0.045
Common equity Tier 1 required to be well capitalized	$ 38,488	$ 37,780
Common equity Tier 1 required to be well capitalized, ratio	0.065	0.065
Tier 1 capital average	$ 75,529	$ 74,726
Tier 1 capital average, ratio	0.107	0.108
Tier 1 capital average required for capital adequacy	$ 28,245	$ 27,680
Tier 1 capital average required for capital adequacy, ratio	0.04	0.04
Tier 1 capital average required to be well capitalized	$ 35,307	$ 34,599
Tier 1 capital average required to be well capitalized, ratio	0.05	0.05

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual) - Subsequent Event [Member] - USD ($) $ in Millions	Apr. 20, 2020	Apr. 30, 2020
Financing Receivable, PPP Loans		$ 62.4
Proceeds from PPLF Funding	$ 5.4
Debt Instrument, Collateral Amount	$ 5.4