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Note 4 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

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

						September 30, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	22,018			$	-			$	22,018
Obligations of states and political subdivisions			-				94,173				-				94,173
Mortgage-backed securities in government- sponsored entities							25,669								25,669
Private-label mortgage-backed securities			-				2,387				-				2,387
Total debt securities			-				144,247				-				144,247
Equity securities in financial institutions			5				894				-				899
Total		$	5			$	145,141			$	-			$	145,146

						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]

						September 30, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	11,277			$	11,277
Other real estate owned			-				-				2,006				2,006

						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)
September 30, 2015
Impaired loans		$	5,687		Discounted cash flow	Discount rate		-3.1%	to	-7.9%	-5.1%
			5,590		Appraisal of collateral (1)	Appraisal adjustments (2)		0.0%	to	-73.6%	-26.2%
Other real estate owned		$	2,006		Appraisal of collateral (1)	Appraisal adjustments (2)		0.0%	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]

		September 30, 2015
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	23,295			$	23,295			$	-			$	-			$	23,295
Investment securities Available for sale			145,146				-				145,146				-				145,146
Loans held for sale			620				-				620				-				620
Net loans			503,912				-				-				514,215				514,215
Bank-owned life insurance			13,354				13,354				-				-				13,354
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,576				2,576				-				-				2,576
Financial liabilities:
Deposits		$	626,548			$	439,184			$	-			$	170,815			$	609,999
Short-term borrowings			4,047				4,047				-				-				4,047
Other borrowings			10,300				-				-				12,482				12,482
Accrued interest payable			373				373				-				-				373

		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 stock0			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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