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Note 4 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

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

						September 30, 2014
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	22,883			$	-			$	22,883
Obligations of states and political subdivisions			-				99,249				-				99,249
Mortgage-backed securities in government- sponsored entities							29,984								29,984
Private-label mortgage-backed securities			-				3,122				-				3,122
Total debt securities			-				155,238				-				155,238
Equity securities in financial institutions			33				750				-				783
Total		$	33			$	155,988			$	-			$	156,021

						December 31, 2013
(Dollar amounts in thousands)		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]

						September 30, 2014
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	13,773			$	13,773
Other real estate owned			-				-				2,674				2,674

						December 31, 2013
(Dollar amounts in thousands)		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)
		September 30, 2014				December 31, 2013
Impaired loans		$	13,773			$	17,158		Appraisal of collateral (1)	Appraisal adjustments (2)	-19%	to	-100.0%		-29.3%
Other real estate owned		$	2,674			$	2,698		Appraisal of collateral (1)	Appraisal adjustments (2)		-10.0%			-10.0%

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

		September 30, 2014
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	29,302			$	29,302			$	-			$	-			$	29,302
Investment securities available for sale			156,021				33				155,988				-				156,021
Loans held for sale			201				201				-				-				201
Net loans			460,719				-				-				473,103				473,103
Bank-owned life insurance			9,022				9,022				-				-				9,022
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,432				2,432				-				-				2,432
Financial liabilities:
Deposits		$	600,020			$	422,311			$	-			$	169,856			$	592,167
Short-term borrowings			5,131				5,131				-				-				5,131
Other borrowings			11,105				-				-				11,347				11,347
Accrued interest payable			338				338				-				-				338

		December 31, 2013
		Carrying																Total
		Value				Level I				Level II				Level III				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.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

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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 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.

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