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Note 10 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure Text Block [Abstract]

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
March 31, 2015
Investment securities available for sale:
U. S. Government agency securities		$	-			$	30,119			$	-			$	30,119
Residential mortgage backed securities			-				234,151				-				234,151
Municipal bonds			-				68,797				-				68,797
Other equity investments			245				-				219				464
Residential mortgage loans held for sale			-				62,758				-				62,758
Derivative assets			-				-				219				219
Total assets measured at fair value on a recurring basis as of March 31, 2015		$	245			$	395,825			$	438			$	396,508

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2014
Investment securities available for sale:
U. S. Government agency securities		$	-			$	29,894			$	-			$	29,894
Residential mortgage backed securities			-				240,320				-				240,320
Municipal bonds			-				111,712				-				111,712
Other equity investments			198				-				219				417
Residential mortgage loans held for sale			-				44,317				-				44,317
Derivative assets			-				-				146				146
Total assets measured at fair value on a recurring basis as of December 31, 2014		$	198			$	426,243			$	365			$	426,806

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Other Equity				Derivative
(dollars in thousands)		Investments				Assets/(Liability)				Total
Assets:
Beginning balance at December 31, 2014		$	219			$	146			$	365
Realized gain (loss) included in earnings - net derivatives			-				73				73
Principal redemption			-				-				-
Ending balance at March 31, 2015		$	219			$	219			$	438
Liabilities:
Beginning balance at December 31, 2014		$	-			$	(250	)		$	(250	)
Realized gain (loss) included in earnings - net derivatives			-				110				110
Principal redemption			-				-				-
Ending balance at March 31, 2015		$	-			$	(140	)		$	(140	)

		Other Equity				Derivative
(dollars in thousands)		Investments				Assets/(Liability)				Total
Assets:
Beginning balance at December 31, 2013		$	219			$	-			$	219
Realized gain (loss) included in earnings - net derivatives			-				146				146
Ending balance at December 31, 2014		$	219			$	146			$	365
Liabilities:
Beginning balance at December 31, 2013		$	-			$	-			$	-
Realized gain (loss) included in earnings - net derivatives			-				(250	)			(250	)
Ending balance at December 31, 2014		$	-			$	(250	)		$	(250	)

Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
March 31, 2015
Impaired loans:
Commercial		$	-			$	1,934			$	6,278			$	8,212
Income producing - commercial real estate			-				1,272				450				1,722
Owner occupied - commercial real estate			-				724				590				1,314
Real estate mortgage - residential			-				-				342				342
Construction - commercial and residential			-				-				3,058				3,058
Home equity			-				130				565				695
Other consumer			-				-				5				5
Other real estate owned			-				9,214				3,124				12,338
Derivative liabilities			-				-				140				140
Total assets measured at fair value on a nonrecurring basis as of March 31, 2015		$	-			$	13,274			$	14,552			$	27,826
(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2014
Impaired loans:
Commercial		$	-			$	781			$	7,171			$	7,952
Income producing - commercial real estate			-				703				1,199				1,902
Owner occupied - commercial real estate			-				-				824				824
Real estate mortgage - residential			-				-				346				346
Construction - commercial and residential			-				-				3,297				3,297
Home equity			-				5				963				968
Other consumer			-				-				13				13
Other real estate owned			-				9,184				4,040				13,224
Derivative liabilities			-				-				250				250
Total assets measured at fair value on a nonrecurring basis as of December 31, 2014		$	-			$	10,673			$	18,103			$	28,776

Fair Value, by Balance Sheet Grouping [Table Text Block]

										Fair Value Measurements
										Quoted Prices in Active Markets for Identical Assets or Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
(dollars in thousands)		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
March 31, 2015
Assets
Cash and due from banks		$	9,997			$	9,997			$	-			$	9,997			$	-
Federal funds sold			2,700				2,700				-				2,700				-
Interest bearing deposits with other banks			402,964				402,964				-				402,964				-
Investment securities			333,531				333,531				245				333,067				219
Federal Reserve and Federal Home Loan Bank stock			16,793				16,793				-				16,793				-
Loans held for sale			62,758				63,074				-				63,074				-
Loans			4,444,893				4,447,182				-				4,060				4,443,122
Bank owned life insurance			56,983				56,983				-				56,983				-
Annuity investment			12,269				12,269				-				12,269				-
Derivative assets			219				219				-				219				-
Liabilities
Noninterest bearing deposits			1,196,165				1,196,165				-				1,196,165				-
Interest bearing deposits			3,388,200				3,387,995				-				3,387,995				-
Borrowings			137,889				138,386				-				138,386				-
Derivative liabilities			140				140				-				-				140
December 31, 2014
Assets
Cash and due from banks		$	9,097			$	9,097			$	-			$	9,097			$	-
Federal funds sold			3,516				3,516				-				3,516				-
Interest bearing deposits with other banks			243,412				243,412				-				243,412				-
Investment securities			382,343				382,343				198				381,926				219
Federal Reserve and Federal Home Loan Bank stock			22,560				22,560				-				22,560				-
Loans held for sale			44,317				44,669				-				44,669				-
Loans			4,312,399				4,314,618				-				1,489				4,313,129
Bank owned life insurance			56,594				56,594				-				56,594				-
Annuity investment			11,277				11,277				-				11,277				-
Derivative assets			146				146				-				146				-
Liabilities
Noninterest bearing deposits			1,175,799				1,175,799				-				1,175,799				-
Interest bearing deposits			3,134,969				3,134,295				-				3,134,295				-
Borrowings			280,420				281,958				-				281,958				-
Derivative liabilities			250				250				-				-				250

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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