XML 31 R10.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Note 2 - Securities | 12 Months Ended
--- | ---
Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract] |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note B - Securities The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at December 31, 2015 and 2014 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:
|  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government sponsored entity securities |  | $ | 9,011 |  |  | $ | ---- |  |  |  | (46 | ) |  | $ | 8,965 |
Agency mortgage-backed securities, residential |  |  | 82,178 |  |  |  | 981 |  |  |  | (473 | ) |  |  | 82,686 |
Total securities |  | $ | 91,189 |  |  | $ | 981 |  |  |  | (519 | ) |  | $ | 91,651 |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government sponsored entity securities |  | $ | 9,019 |  |  | $ | 2 |  |  |  | (104 | ) |  | $ | 8,917 |
Agency mortgage-backed securities, residential |  |  | 74,762 |  |  |  | 1,693 |  |  |  | (136 | ) |  |  | 76,319 |
Total securities |  | $ | 83,781 |  |  | $ | 1,695 |  |  |  | (240 | ) |  | $ | 85,236 |
|  | Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Estimated Fair Value |
Securities Held to Maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 19,898 |  |  | $ | 892 |  |  | $ | (5 | ) |  | $ | 20,785 |
Agency mortgage-backed securities, residential |  |  | 5 |  |  |  | ---- |  |  |  | ---- |  |  |  | 5 |
Total securities |  | $ | 19,903 |  |  | $ | 892 |  |  | $ | (5 | ) |  | $ | 20,790 |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 22,811 |  |  | $ | 939 |  |  | $ | (189 | ) |  | $ | 23,561 |
Agency mortgage-backed securities, residential |  |  | 9 |  |  |  | ---- |  |  |  | ---- |  |  |  | 9 |
Total securities |  | $ | 22,820 |  |  | $ | 939 |  |  | $ | (189 | ) |  | $ | 23,570 |
At year-end 2015 and 2014, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders’ equity. During 2015, proceeds from the sales of debt securities totaled $10,550 with gross gains of $163 recognized. There were no sales of debt securities during 2014 and 2013. Securities with a carrying value of approximately $59,267 at December 31, 2015 and $68,238 at December 31, 2014 were pledged to secure public deposits and repurchase agreements and for other purposes as required or permitted by law. The amortized cost and estimated fair value of debt securities at December 31, 2015, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately.
|  | Available for Sale |  |  | Held to Maturity |
Debt Securities: |  | Amortized Cost |  |  | Estimated Fair Value |  |  | Amortized Cost |  |  | Estimated Fair Value |
Due in one year or less |  | $ | 1,001 |  |  | $ | 1,001 |  |  | $ | 377 |  |  | $ | 386 |
Due in one to five years |  |  | 8,010 |  |  |  | 7,964 |  |  |  | 6,909 |  |  |  | 7,242 |
Due in five to ten years |  |  | ---- |  |  |  | ---- |  |  |  | 10,529 |  |  |  | 11,057 |
Due after ten years |  |  | ---- |  |  |  | ---- |  |  |  | 2,083 |  |  |  | 2,100 |
Agency mortgage-backed securities, residential |  |  | 82,178 |  |  |  | 82,686 |  |  |  | 5 |  |  |  | 5 |
Total debt securities |  | $ | 91,189 |  |  | $ | 91,651 |  |  | $ | 19,903 |  |  | $ | 20,790 |
The following table summarizes securities with unrealized losses at December 31, 2015 and December 31, 2014, aggregated by major security type and length of time in a continuous unrealized loss position:
December 31, 2015 |  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Available for Sale |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Government sponsored entity securities |  | $ | 7,964 |  |  | $ | (46 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 7,964 |  |  | $ | (46 | )
Agency mortgage-backed securities, residential |  |  | 42,112 |  |  |  | (407 | ) |  |  | 3,645 |  |  |  | (66 | ) |  |  | 45,757 |  |  |  | (473 | )
Total available for sale |  | $ | 50,076 |  |  | $ | (453 | ) |  | $ | 3,645 |  |  | $ | (66 | ) |  | $ | 53,721 |  |  | $ | (519 | )
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Held to Maturity |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Obligations of states and political subdivisions |  | $ | 995 |  |  | $ | (5 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 995 |  |  | $ | (5 | )
Total held to maturity |  | $ | 995 |  |  | $ | (5 | ) |  | $ | ---- |  |  | $ | ---- |  |  | $ | 995 |  |  | $ | (5 | )
December 31, 2014 |  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Available for Sale |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
U.S. Government sponsored entity securities |  | $ | ---- |  |  | $ | ---- |  |  | $ | 7,911 |  |  | $ | (104 | ) |  | $ | 7,911 |  |  | $ | (104 | )
Agency mortgage-backed securities, residential |  |  | 11,232 |  |  |  | (20 | ) |  |  | 8,397 |  |  |  | (116 | ) |  |  | 19,629 |  |  |  | (136 | )
Total available for sale |  | $ | 11,232 |  |  | $ | (20 | ) |  | $ | 16,308 |  |  | $ | (220 | ) |  | $ | 27,540 |  |  | $ | (240 | )
|  | Less than 12 Months |  |  | 12 Months or More |  |  | Total |
Securities Held to Maturity |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Obligations of states and political subdivisions |  | $ | 1,171 |  |  | $ | (9 | ) |  | $ | 2,916 |  |  | $ | (180 | ) |  | $ | 4,087 |  |  | $ | (189 | )
Total held to maturity |  | $ | 1,171 |  |  | $ | (9 | ) |  | $ | 2,916 |  |  | $ | (180 | ) |  | $ | 4,087 |  |  | $ | (189 | )
Unrealized losses on the Company’s debt securities have not been recognized into income because the issuers’ securities are of high credit quality as of December 31, 2015, and management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Management does not believe any individual unrealized loss at December 31, 2015 and 2014 represents an other-than-temporary impairment.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27405-111563 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration