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Note 12 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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)
September 30, 2016
Assets:
Investment securities available for sale:
U. S. agency securities		$	-			$	56,364			$	-			$	56,364
Residential mortgage backed securities			-				266,035				-				266,035
Municipal bonds			-				99,877				-				99,877
Corporate bonds			-				8,054				-				8,054
Other equity investments			119				-				219				338
Loans held for sale			-				78,118				-				78,118
Mortgage banking derivatives			-				-				217				217
Total assets measured at fair value on a recurring basis as of September 30, 2016		$	119			$	508,448			$	436			$	509,003
Liabilities:
Mortgage banking derivatives		$	-			$	-			$	222			$	222
Interest rate swap derivatives			-				9,030				-				9,030
Total liabilities measured at fair value on a recurring basis as of September 30, 2016		$	-			$	9,030			$	222			$	9,252
December 31, 2015
Assets:
Investment securities available for sale:
U. S. agency securities		$	-			$	56,975			$	-			$	56,975
Residential mortgage backed securities			-				297,241				-				297,241
Municipal bonds			-				118,381				-				118,381
Corporate bonds			-				14,938				-				14,938
Other equity investments			115				-				219				334
Loans held for sale			-				47,492				-				47,492
Mortgage banking derivatives			-				-				24				24
Total assets measured at fair value on a recurring basis as of December 31, 2015		$	115			$	535,027			$	243			$	535,385
Liabilities:
Mortgage banking derivatives		$	-			$	-			$	30			$	30
Interest rate swap derivatives			-				1,417				-				1,417
Total liabilities measured at fair value on a recurring basis as of December 31, 2015		$	-			$	1,417			$	30			$	1,447

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

		Other Equity				Mortgage Banking
(dollars in thousands)		Investments				Derivatives				Total
Assets:
Beginning balance at January 1, 2016		$	219			$	24			$	243
Realized gain (loss) included in earnings - net mortgage banking derivatives			-				193				193
Principal redemption			-				-				-
Ending balance at September 30, 2016		$	219			$	217			$	436
Liabilities:
Beginning balance at January 1, 2016		$	-			$	30			$	30
Realized loss (gain) included in earnings - net mortgage banking derivatives			-				192				192
Principal redemption			-				-				-
Ending balance at September 30, 2016		$	-			$	222			$	222

		Other Equity				Mortgage Banking
(dollars in thousands)		Investments				Derivatives				Total
Assets:
Beginning balance at January 1, 2015		$	219			$	146			$	365
Realized (loss) gain included in earnings - net mortgage banking derivatives			-				(122	)			(122	)
Principal redemption			-				-				-
Ending balance at December 31, 2015		$	219			$	24			$	243
Liabilities:
Beginning balance at January 1, 2015		$	-			$	250			$	250
Realized (gain) loss included in earnings - net mortgage banking derivatives			-				(220	)			(220	)
Principal redemption			-				-				-
Ending balance at December 31, 2015		$	-			$	30			$	30

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)
September 30, 2016
Impaired loans:
Commercial		$	-			$	-			$	10,451			$	10,451
Income producing - commercial real estate			-				-				12,934				12,934
Owner occupied - commercial real estate			-				-				2,157				2,157
Real estate mortgage - residential			-				-				244				244
Construction - commercial and residential			-				-				4,578				4,578
Home equity			-				-				13				13
Other real estate owned			-				-				5,194				5,194
Total assets measured at fair value on a nonrecurring basis as of September 30, 2016		$	-			$	-			$	35,571			$	35,571

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2015
Impaired loans:
Commercial		$	-			$	-			$	9,201			$	9,201
Income producing - commercial real estate			-				-				5,085				5,085
Owner occupied - commercial real estate			-				-				1,353				1,353
Real estate mortgage - residential			-				-				329				329
Construction - commercial and residential			-				-				9,504				9,504
Home equity			-				-				123				123
Other consumer			-				-				19				19
Other real estate owned			-				-				5,852				5,852
Total assets measured at fair value on a nonrecurring basis as of December 31, 2015		$	-			$	-			$	31,466			$	31,466

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)
September 30, 2016
Assets
Cash and due from banks		$	10,615			$	10,615			$	-			$	10,615			$	-
Federal funds sold			5,262				5,262				-				5,262				-
Interest bearing deposits with other banks			503,150				503,150				-				503,150				-
Investment securities			430,668				430,668				119				430,330				219
Federal Reserve and Federal Home Loan Bank stock			19,920				19,920				-				19,920				-
Loans held for sale			78,118				78,118				-				78,118				-
Loans			5,481,975				5,485,301				-				-				5,485,301
Bank owned life insurance			59,747				59,747				-				59,747				-
Annuity investment			11,931				11,931				-				11,931				-
Mortgage banking derivatives			217				217				-				-				217
Liabilities
Noninterest bearing deposits			1,668,271				1,668,271				-				1,668,271				-
Interest bearing deposits			3,100,492				3,100,492				-				3,100,492				-
Certificates of deposit			789,386				789,316				-				789,316				-
Customer repurchase agreements			71,642				71,642				-				71,642				-
Borrowings			266,419				269,168				-				269,168				-
Mortgage banking derivatives			222				222				-				-				222
Interst rate swap derivatives			9,030				9,030				-				9,030				-
December 31, 2015
Assets
Cash and due from banks		$	10,270			$	10,270			$	-			$	10,270			$	-
Federal funds sold			3,791				3,791				-				3,791				-
Interest bearing deposits with other banks			284,302				284,302				-				284,302				-
Investment securities			487,869				487,869				115				487,535				219
Federal Reserve and Federal Home Loan Bank stock			16,903				16,903				-				16,903				-
Loans held for sale			47,492				47,492				-				47,492				-
Loans			4,998,368				5,000,717				-				-				5,000,717
Bank owned life insurance			58,682				58,682				-				58,682				-
Annuity investment			12,136				12,136				-				12,136				-
Mortgage banking derivatives			24				24				-				-				24
Interest rate swap derivatives			-				-				-				-				-
Liabilities
Noninterest bearing deposits			1,405,067				1,405,067				-				1,405,067				-
Interest bearing deposits			3,014,122				3,014,122				-				3,014,122				-
Certificates of deposit			739,255				736,973				-				736,973				-
Customer repurchase agreements			72,356				72,356				-				72,356				-
Borrowings			70,000				69,992				-				69,992				-
Mortgage banking derivatives			30				30				-				-				30
Interest rate swap derivatives			1,417				1,417				-				1,417				-

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- Definition

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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