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Note 4 - Fair Value Disclosure Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

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

						June 30, 2017
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	9,514			$	-			$	9,514
Obligations of states and political subdivisions			-				77,635				-				77,635
Mortgage-backed securities in government-sponsored entities			-				17,512				-				17,512
Total debt securities			-				104,661				-				104,661
Equity securities in financial institutions			-				290				-				290
Total		$	-			$	104,951			$	-			$	104,951

						December 31, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a recurring basis:
U.S. government agency securities		$	-			$	10,236			$	-			$	10,236
Obligations of states and political subdivisions			-				81,223				-				81,223
Mortgage-backed securities in government-sponsored entities			-				20,069				-				20,069
Private-label mortgage-backed securities			-				1,709				-				1,709
Total debt securities			-				113,237				-				113,237
Equity securities in financial institutions			-				1,139				-				1,139
Total		$	-			$	114,376			$	-			$	114,376

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

						June 30, 2017
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	3,183			$	3,183
Other real estate owned			-				-				88				88

						December 31, 2016
(Dollar amounts in thousands)		Level I				Level II				Level III				Total
Assets measured on a nonrecurring basis:
Impaired loans		$	-			$	-			$	6,498			$	6,498
Other real estate owned			-				-				511				511

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

Quantitative Information about Level III Fair Value Measurements

(Dollar amounts in thousands)

Range (Weighted

Fair Value Estimate

Valuation Techniques

Unobservable Input

Average)

June 30, 2017

Impaired loans

$

3,183

Appraisal of collateral (1)

Appraisal adjustments (2)

3.3%

to

8.3%

(5.1%)

Other real estate owned

$

88

Appraisal of collateral (1)

Appraisal adjustments (2)

0.0%

to

10.0%

		Quantitative Information about Level III Fair Value Measurements
(Dollar amounts in thousands)									Range (Weighted
		Fair Value Estimate			Valuation Techniques		Unobservable Input		Average)
December 31, 2016
Impaired loans		$	4,928		Discounted cash flow		Discount rate			3.1%	to	7.0%	(5.1%)
			1,570		Appraisal of collateral (1)		Appraisal adjustments (2)			0.0%	to	59.7%	(28.2%)
Other real estate owned		$	511		Appraisal of collateral (1)		Appraisal adjustments (2)			0%	to	10.0%

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

		June 30, 2017
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	39,571			$	39,571			$	-			$	-			$	39,571
Investment securities
Available for sale			104,951								104,951				-				104,951
Loans held for sale			9,791				8,476				1,315				-				9,791
Net loans			861,259				-				-				874,014				874,014
Bank-owned life insurance			15,432				15,432				-				-				15,432
Federal Home Loan Bank stock			3,589				3,589				-				-				3,589
Accrued interest receivable			2,764				2,764				-				-				2,764
Financial liabilities:
Deposits		$	846,783			$	601,400			$	-			$	246,121			$	847,521
Short-term borrowings			63,388				63,388				-				-				63,388
Other borrowings			39,346				-				-				15,703				15,703
Accrued interest payable			498				498				-				-				498

		December 31, 2016
		Carrying																Total
		Value				Level I				Level II				Level III				Fair Value
		(Dollar amounts in thousands)
Financial assets:
Cash and cash equivalents		$	32,495			$	32,495			$	-			$	-			$	32,495
Investment securities
Available for sale			114,376				-				114,376				-				114,376
Loans held for sale			634				-				634				-				634
Net loans			602,542				-				-				604,447				604,447
Bank-owned life insurance			13,540				13,540				-				-				13,540
Restricted stock			2,204				2,204				-				-				2,204
Accrued interest receivable			2,246				2,426				-				-				2,426
Financial liabilities:
Deposits		$	629,934			$	440,500			$	-			$	189,871			$	630,371
Short-term borrowings			68,359				68,359				-				-				68,359
Other borrowings			9,437				-								9,512				9,512
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
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-SubTopic 10
-Section 50
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