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Note 4 - Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

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

						March 31, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	18,853			$	-			$	18,853
Obligations of states and political subdivisions			-				97,001				-				97,001
Mortgage-backed securities in government- sponsored entities							23,813								23,813
Private-label mortgage-backed securities			-				2,079				-				2,079
Total debt securities			-				141,746				-				141,746
Equity securities in financial institutions			5				809				-				814
Total		$	5			$	142,555			$	-			$	142,560

						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			5				809				-				814
Total		$	5			$	146,515			$	-			$	146,520

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

						March 31, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	14,836			$	14,836
Other real estate owned			-				-				1,447				1,447

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

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, 2016
Impaired loans		$	10,350		Discounted cash flow	Discount rate	3.1%	to	7.9%	(4.9%)
			4,486		Appraisal of collateral (1)	Appraisal adjustments (2)	0.0%	to	66.4%	(38.2%)
Other real estate owned		$	1,447		Appraisal of collateral (1)	Appraisal adjustments (2)	0.0%	to	10.0%	(7.2%)

		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%	to	10.0%	(7.3%)

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

		March 31, 2016
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	30,220			$	30,220			$	-			$	-			$	30,220
Investment securities
Available for sale			142,560				5				142,555				-				142,560
Loans held for sale			176				-				176				-				176
Net loans			523,999				-				-				531,917				531,917
Bank-owned life insurance			13,240				13,240				-				-				13,240
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,650				2,650				-				-				2,650
Financial liabilities:
Deposits		$	631,406			$	442,970			$	-			$	180,127			$	623,097
Short-term borrowings			26,124				26,124				-				-				26,124
Other borrowings			9,875				-				-				12,606				12,606
Accrued interest payable			389				389				-				-				389

		December 31, 2015
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	23,750			$	23,750			$	-			$	-			$	23,750
Investment securities
Available for sale			146,520				5				146,515				-				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

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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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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).

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 2
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+ References

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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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