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Note O - Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

		Fair Value Measurements at December 31, 2016, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government sponsored entity securities			----			$	10,544				----
Agency mortgage-backed securities, residential			----				85,946				----

		Fair Value Measurements at December 31, 2015, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government sponsored entity securities			----			$	8,965				----
Agency mortgage-backed securities, residential			----				82,686				----

		Fair Value Measurements at December 31, 2016, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Impaired loans:
Commercial real estate:
Owner-occupied			----				----			$	3,536
Nonowner-occupied			----				----				1,985
Commercial and industrial			----				----				298
Other real estate owned:
Commercial real estate:
Construction			----				----				754

		Fair Value Measurements at December 31, 2015, Using
		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Assets:
Impaired loans:
Commercial real estate:
Nonowner-occupied			----				----			$	2,473
Commercial and industrial			----				----				3,779
Other real estate owned:
Commercial real estate:
Construction			----				----				1,147

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

December 31, 2016		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range					(Weighted Average)
Impaired loans:
Commercial real estate:
Owner-occupied		$	3,536		Sales approach		Adjustment to comparables		0%	to	65%				13.7%
					Cost approach		Adjustment to comparables		0%	to	29.5%				14.8%
Nonowner-occupied			1,985		Sales approach		Adjustment to comparables		0%	to	250%				58.6%
Commercial and industrial			298		Sales approach		Adjustment to comparables		0.9%	to	9.7%				5.2%
Other real estate owned:
Commercial real estate:
Construction			754		Sales approach		Adjustment to comparables		0%	to	30%				11.7%

December 31, 2015

Fair Value

Valuation Technique(s)

Unobservable Input(s)

Range

(Weighted Average)

Impaired loans:

Commercial real estate:

Nonowner-occupied

$

2,473

Sales approach

Adjustment to comparables

0%

to

12.5%

5.7%

Commercial and industrial

3,779

Sales approach

Adjustment to comparables

0.9%

to

30%

14.3%

Other real estate owned:

Commercial real estate:

Construction

1,147

Sales approach

Adjustment to comparables

0%

to

35%

15.2%

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

						Fair Value Measurements at December 31, 2016 Using:
		Carrying Value				Level 1				Level 2				Level 3				Total
Financial Assets:
Cash and cash equivalents		$	40,166			$	40,166			$	----			$	----			$	40,166
Certificates of deposit in financial institutions			1,670				----				1,670				----				1,670
Securities available for sale			96,490				----				96,490				----				96,490
Securities held to maturity			18,665				----				9,541				9,630				19,171
Restricted investments in bank stocks			7,506				N/A				N/A				N/A				N/A
Loans, net			727,202				----				----				727,079				727,079
Accrued interest receivable			2,315				----				224				2,091				2,315
Financial Liabilities:
Deposits			790,452				209,576				581,340				----				790,916
Other borrowed funds			37,085				----				35,948				----				35,948
Subordinated debentures			8,500				----				5,821				----				5,821
Accrued interest payable			513				4				509				----				513

						Fair Value Measurements at December 31, 2015 Using:
		Carrying Value				Level 1				Level 2				Level 3				Total
Financial Assets:
Cash and cash equivalents		$	45,530			$	45,530			$	----			$	----			$	45,530
Certificates of deposit in financial institutions			1,715				----				1,715				----				1,715
Securities available for sale			91,651				----				91,651				----				91,651
Securities held to maturity			19,903				----				9,814				10,976				20,790
Federal Home Loan Bank and Federal Reserve Bank stock			6,576				N/A				N/A				N/A				N/A
Loans, net			579,104				----				----				582,427				582,427
Accrued interest receivable			1,819				----				224				1,595				1,819
Financial Liabilities:
Deposits			660,746				176,499				484,636				----				661,135
Other borrowed funds			23,946				----				23,672				----				23,672
Subordinated debentures			8,500				----				5,368				----				5,368
Accrued interest payable			449				4				445				----				449

X

- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

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+ References

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