Note 11 - Derivatives
|12 Months Ended|
Dec. 31, 2018
|Notes to Financial Statements|
|Derivative Instruments and Hedging Activities Disclosure [Text Block]||
The Company has entered into agreements with secondary market investors to deliver loans on a “best efforts delivery” basis. When a rate is committed to a borrower, it is based on the best price that day and locked with the investor for the customer for a
30-day period. In the event the loan is
notdelivered to the investor, the Company has
norisk or exposure with the investor. The interest rate lock commitments related to loans that are originated for later sale are classified as derivatives. The fair values of the Company’s agreements with investors and rate lock commitments to customers as of
December 31, 2018and
December 31, 2017were
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
No definition available.