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Note 4 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

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

						June 30, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	22,222			$	-			$	22,222
Obligations of states and political subdivisions			-				105,059				-				105,059
Mortgage-backed securities in government- sponsored entities							26,682								26,682
Private-label mortgage-backed securities			-				2,715				-				2,715
Total debt securities			-				156,678				-				156,678
Equity securities in financial institutions			5				894				-				899
Total		$	5			$	157,572			$	-			$	157,577

						December 31, 2014
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	22,896			$	-			$	22,896
Obligations of states and political subdivisions			-				98,345				-				98,345
Mortgage-backed securities in government- sponsored entities			-				29,391				-				29,391
Private-label mortgage-backed securities			-				2,919				-				2,919
Total debt securities			-				153,551				-				153,551
Equity securities in financial institutions			5				778				-				783
Total		$	5			$	154,329			$	-			$	154,334

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

						June 30, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	17,307			$	17,307
Other real estate owned			-				-				2,308				2,308

						December 31, 2014
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	12,772			$	12,772
Other real estate owned			-				-				2,590				2,590

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)
June 30, 2015
Impaired loans		$	14,013		Discounted cash flow	Discount rate			-3.1% to -7.9%	-5.2%
			3,294		Appraisal of collateral (1)	Appraisal adjustments (2)			0% to -94.1%	-29.6%
Other real estate owned		$	2,308		Appraisal of collateral (1)	Appraisal adjustments (2)			0% to -10.0%	-7.4%

		Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)
		Fair Value Estimate			Valuation Techniques	Unobservable Input		Range (Weighted Average)
December 31, 2014
Impaired loans		$	12,772		Appraisal of collateral (1)	Appraisal adjustments (2)			0% to -84.6%	-25.5%
Other real estate owned		$	2,590		Appraisal of collateral (1)	Appraisal adjustments (2)			0% to -10.0%	-7.5%

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

		June 30, 2015
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	22,651			$	22,651			$	-			$	-			$	22,651
Investment securities Available for sale			157,577				-				157,577				-				157,577
Loans held for sale			398				-				398				-				398
Net loans			486,547				-				-				497,323				497,323
Bank-owned life insurance			13,253				13,253				-				-				13,253
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,252				2,252				-				-				2,252
Financial liabilities:
Deposits		$	623,524			$	421,638			$	-			$	179,295			$	600,933
Short-term borrowings			4,517				4,517				-				-				4,517
Other borrowings			10,465				-				-				12,410				12,410
Accrued interest payable			389				389				-				-				389

		December 31, 2014
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	25,639			$	25,639			$	-			$	-			$	25,639
Investment securities Available for sale			154,334				-				154,334				-				154,334
Loans held for sale			438				-				438				-				438
Net loans			463,738				-				-				475,019				475,019
Bank-owned life insurance			9,092				9,092				-				-				9,092
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,095				2,095				-				-				2,095
Financial liabilities:
Deposits		$	586,112			$	416,254			$	-			$	170,542			$	586,796
Short-term borrowings			14,808				14,808				-				-				14,808
Other borrowings			10,624				-								10,822				10,822
Accrued interest payable			315				315				-				-				315

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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