XML 51 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8

Note 4 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

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

						March 31, 2014
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	25,905			$	-			$	25,905
Obligations of states and political subdivisions			-				88,359				-				88,359
Mortgage-backed securities in government- sponsored entities							37,444								37,444
Private-label mortgage-backed securities			-				3,476				-				3,476
Total debt securities			-				155,184				-				155,184
Equity securities in financial institutions			5				751				-				756
Total		$	5			$	155,935			$	-			$	155,940

						December 31, 2013
		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	25,763			$	-			$	25,763
Obligations of states and political subdivisions			-				88,614				-				88,614
Mortgage-backed securities in government- sponsored entities			-				38,323				-				38,323
Private-label mortgage-backed securities			-				3,693				-				3,693
Total debt securities			-				156,393				-				156,393
Equity securities in financial institutions			5				745				-				750
Total		$	5			$	157,138			$	-			$	157,143

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

						March 31, 2014
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	15,510			$	15,510
Other real estate owned			-				-				2,656				2,656

						December 31, 2013
		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	17,158			$	17,158
Other real estate owned			-				-				2,698				2,698

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Fair Value Estimate

Valuation Techniques

Unobservable Input

Range (Weighted Average)

March 31, 2014

December 31, 2013

Impaired loans

$

15,510

$

17,158

Appraisal of collateral (1)

Appraisal adjustments (2)

0% to -55.0%

-27.3%

Other real estate owned

$

2,656

$

2,698

Appraisal of collateral (1)

Appraisal adjustments (2)

0% to -10.0%

-7.5%

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

		March 31, 2014
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	42,810			$	42,810			$	-			$	-			$	42,810
Investment securities
Available for sale			155,940				5				155,935				-				155,940
Net loans			436,714				-				-				447,832				447,832
Bank-owned life insurance			8,883				8,883								-				8,883
Federal Home Loan Bank stock			1,887				1,887								-				1,887
Accrued interest receivable			2,526				2,526				-				-				2,526
Financial liabilities:
Deposits		$	594,766			$	404,762			$	-			$	178,074			$	582,836
Short-term borrowings			5,320				5,320				-				-				5,320
Other borrowings			11,468				-				-				11,736				11,736
Accrued interest payable			345				345				-				-				345

		December 31, 2013
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	26,193			$	26,193			$	-			$	-			$	26,193
Investment securities
Available for sale			157,143				5				157,138				-				157,143
Net loans			428,679				-				-				430,502				430,502
Bank-owned life insurance			8,816				8,816				-				-				8,816
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,135				2,135				-				-				2,135
Financial liabilities:
Deposits		$	568,836			$	394,422			$	-			$	175,854			$	570,276
Short-term borrowings			10,809				10,809				-				-				10,809
Other borrowings			11,609				-								11,787				11,787
Accrued interest payable			364				364				-				-				364

X

- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisValuationTechniquesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13433-108611



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13467-108611



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=28364263&loc=d3e13476-108611



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

-URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration