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Note 4 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

						September 30, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	10,863			$	-			$	10,863
Obligations of states and political subdivisions			-				87,525				-				87,525
Mortgage-backed securities in government- sponsored entities			-				21,380				-				21,380
Private-label mortgage-backed securities			-				2,068				-				2,068
Total debt securities			-				121,836				-				121,836
Equity securities in financial institutions			5				1,213				-				1,218
Total		$	5			$	123,049			$	-			$	123,054

						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]

						September 30, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	11,102			$	11,102
Other real estate owned			-				-				1,205				1,205

						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)
September 30, 2016
Impaired loans		$	7,743		Discounted cash flow	Discount rate			3.1%	to	7.0%	(5.0%)
			3,359		Appraisal of collateral (1)	Appraisal adjustments (2)			0.0%	to	55.7%	(34.6%)
Other real estate owned		$	1,205		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, 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]

		September 30, 2016
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	23,276			$	23,276			$	-			$	-			$	23,276
Investment securities
Available for sale			123,054				5				123,049				-				123,054
Loans held for sale			880				-				880				-				880
Net loans			579,995				-				-				586,739				586,739
Bank-owned life insurance			13,438				13,438				-				-				13,438
Federal Home Loan Bank stock			1,887				1,887				-				-				1,887
Accrued interest receivable			2,526				2,526				-				-				2,526
Financial liabilities:
Deposits		$	639,342			$	454,427			$	-			$	188,668			$	643,095
Short-term borrowings			32,803				32,803				-				-				32,803
Other borrowings			9,713				-				-				10,003				10,003
Accrued interest payable			391				391				-				-				391

		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

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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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