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Note 18 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

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

						December 31, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	21,629			$	-			$	21,629
Obligations of states and political subdivisions			-				97,290				-				97,290
Mortgage-backed securities in government-sponsored entities			-				24,524				-				24,524
Private-label mortgage-backed securities			-				2,263				-				2,263
Total debt securities			-				145,706				-				145,706
Equity securities in financial institutions			-				814				-				814
Total		$	-			$	146,520			$	-			$	146,520

						December 31, 2014
		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			-				783				-				783
Total		$	-			$	154,334			$	-			$	154,334

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

						December 31, 2015
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a non-recurring basis:
Impaired loans		$	-			$	-			$	12,848			$	12,848
Other real estate owned			-				-				1,412				1,412

						December 31, 2014
		Level I				Level II				Level III				Total
Assets measured on a non-recurring 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)
December 31, 2015
Impaired loans		$	6,867		Discounted cash flow		Discount rate		3.1%	to	7.9%	(5.0%)
			5,981		Appraisal of collateral (1)		Appraisal adjustments (2)		0.0%	to	87.1%	(23.3%)
Other real estate owned		$	1,412		Appraisal of collateral (1)		Appraisal adjustments (2)		0.0%	to	10.0%	(7.3%)

		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]

		December 31, 2015
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(in thousands)
Financial assets:
Cash and cash equivalents		$	23,750			$	23,750			$	-			$	-			$	23,750
Investment securities available for sale			146,520				-				146,520				-				146,520
Loans held for sale			1,107				-				1,107				-				1,107
Net loans			527,325				-				-				534,021				534,021
Bank-owned life insurance			13,141				13,141				-				-				13,141
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,387				2,387				-				-				2,387
Financial liabilities:
Deposits		$	624,447			$	433,226			$	-			$	191,747			$	624,973
Short-term borrowings			35,825				35,825				-				-				35,825
Other borrowings			9,939				-								10,063				10,063
Accrued interest payable			395				395				-				-				395

		December 31, 2014
		Carrying Value				Level I				Level II				Level III				Total Fair Value
		(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.

+ References

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-Publisher FASB
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-Topic 820
-SubTopic 10
-Section 50
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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.

+ References

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