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Note 11 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2015
Investment securities available for sale:
U. S. Government agency securities		$	-			$	59,703			$	-			$	59,703
Residential mortgage backed securities			-				255,663				-				255,663
Municipal bonds			-				92,838				-				92,838
Corporate bonds			-				15,041				-				15,041
Other equity investments			245				-				219				464
Loans held for sale			-				132,683				-				132,683
Mortgage banking derivatives			-				-				165				165
Interest rate swap derivatives			-				3,181				-				3,181
Total assets measured at fair value on a recurring basis as of June 30, 2015		$	245			$	559,109			$	384			$	559,738

(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
Loans held for sale			-				44,317				-				44,317
Mortgage banking derivatives			-				-				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/(Liabilities)				Total
Assets:
Beginning balance at December 31, 2014		$	219			$	146			$	365
Realized gain (loss) included in earnings - net derivatives			-				19				19
Principal redemption			-				-				-
Ending balance at June 30, 2015		$	219			$	165			$	384
Liabilities:
Beginning balance at December 31, 2014		$	-			$	(250	)		$	(250	)
Realized gain (loss) included in earnings - net derivatives			-				235				235
Principal redemption			-				-				-
Ending balance at June 30, 2015		$	-			$	(15	)		$	(15	)

		Other Equity				Derivative
(dollars in thousands)		Investments				Assets/(Liabilities)				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)
June 30, 2015
Impaired loans:
Commercial		$	-			$	1,675			$	4,214			$	5,889
Income producing - commercial real estate			-				1,263				8,098				9,361
Owner occupied - commercial real estate			-				725				720				1,445
Real estate mortgage - residential			-				-				338				338
Construction - commercial and residential			-				35				4,803				4,838
Home equity			-				-				594				594
Other consumer			-				-				18				18
Other real estate owned			-				10,715				-				10,715
Total assets measured at fair value on a nonrecurring basis as of June 30, 2015		$	-			$	14,413			$	18,785			$	33,198

(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
Total assets measured at fair value on a nonrecurring basis as of December 31, 2014		$	-			$	10,673			$	17,853			$	28,526

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)
June 30, 2015
Assets
Cash and due from banks		$	10,284			$	10,284			$	-			$	10,284			$	-
Federal funds sold			6,276				6,276				-				6,276				-
Interest bearing deposits with other banks			380,336				380,336				-				380,336				-
Investment securities			423,709				423,709				245				423,245				219
Federal Reserve and Federal Home Loan Bank stock			16,828				16,828				-				16,828				-
Loans held for sale			132,683				132,683				-				132,683				-
Loans			4,550,897				4,557,057				-				3,698				4,553,359
Bank owned life insurance			57,889				57,889				-				57,889				-
Annuity investment			12,146				12,146				-				12,146				-
Mortgage banking derivatives			165				165				-				-				165
Interst rate swap derivatives			3,181				3,181				-				3,181				-
Liabilities
Noninterest bearing deposits			1,370,590				1,370,590				-				1,370,590				-
Interest bearing deposits			2,659,719				3,454,590				-				3,454,590				-
Certificates of deposit			795,124				794,871				-				794,871				-
Customer repurchase agreements			53,394				53,394				-				53,394				-
Borrowings			127,444				127,476				-				127,476				-
Mortgage banking derivatives			15				15				-				-				15
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				-
Mortgage banking derivatives			146				146				-				-				146
Liabilities
Noninterest bearing deposits			1,175,799				1,175,799				-				1,175,799				-
Interest bearing deposits			2,446,228				3,134,295				-				3,134,295				-
Certificates of deposit			688,741				688,067				-				688,067				-
Customer repurchase agreements			61,120				61,120				-				61,120				-
Borrowings			280,420				281,958				-				281,958				-
Mortgage banking derivatives			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 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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