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Note 2 - Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2017
Notes Tables |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] |
|  | Fair Value Measurements at June 30, 2017 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 |  |  | ---- |  |  | $ | 13,642 |  |  |  | ---- |
Agency mortgage-backed securities, residential |  |  | ---- |  |  |  | 89,055 |  |  |  | ---- |
|  | 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 June 30, 2017, 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 |  |  | ---- |  |  |  | ---- |  |  | $ | 2,462 |
Construction |  |  | ---- |  |  |  | ---- |  |  |  | 290 |
Commercial and industrial |  |  | ---- |  |  |  | ---- |  |  |  | 373 |
Other real estate owned: |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | ---- |  |  |  | ---- |  |  |  | 754 |
|  | 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 Inputs, Assets, Quantitative Information [Table Text Block] |
June 30, 2017 |  | Fair Value |  | Valuation Technique(s) |  | Unobservable Input(s) |  | Range |  |  | (Weighted Average) |
Impaired loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonowner-occupied |  | $ | 2,462 |  | Sales approach |  | Adjustment to comparables |  |  | 0% | to | 250% |  |  |  | 56.4% |
|  |  |  |  | Income approach |  | Capitalization Rate |  |  |  | 9% |  |  |  |  | 9% |
Construction |  |  | 290 |  | Sales approach |  | Adjustment to comparables |  |  | 15.7% | to | 52% |  |  |  | 31.7% |
Commercial and industrial |  |  | 373 |  | Sales approach |  | Adjustment to comparables |  |  | 2% | to | 14.2% |  |  |  | 8.1% |
Other real estate owned: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction |  |  | 754 |  | Sales approach |  | Adjustment to comparables |  |  | 0% | to | 30% |  |  |  | 11.7% |
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% |
Fair Value, by Balance Sheet Grouping [Table Text Block] |
|  |  |  |  |  | Fair Value Measurements at June 30, 2017 Using: |
|  | Carrying Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 35,486 |  |  | $ | 35,486 |  |  | $ | ---- |  |  | $ | ---- |  |  | $ | 35,486 |
Certificates of deposit in financial institutions |  |  | 1,820 |  |  |  | ---- |  |  |  | 1,820 |  |  |  | ---- |  |  |  | 1,820 |
Securities available for sale |  |  | 102,697 |  |  |  | ---- |  |  |  | 102,697 |  |  |  | ---- |  |  |  | 102,697 |
Securities held to maturity |  |  | 18,605 |  |  |  | ---- |  |  |  | 9,977 |  |  |  | 9,353 |  |  |  | 19,330 |
Restricted investments in bank stocks |  |  | 7,506 |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |  |  |  | N/A |
Loans, net |  |  | 749,953 |  |  |  | ---- |  |  |  | ---- |  |  |  | 733,487 |  |  |  | 733,487 |
Accrued interest receivable |  |  | 2,264 |  |  |  | ---- |  |  |  | 264 |  |  |  | 2,000 |  |  |  | 2,264 |
Financial liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 808,192 |  |  |  | 227,064 |  |  |  | 581,060 |  |  |  | ---- |  |  |  | 808,124 |
Other borrowed funds |  |  | 40,655 |  |  |  | ---- |  |  |  | 39,839 |  |  |  | ---- |  |  |  | 39,839 |
Subordinated debentures |  |  | 8,500 |  |  |  | ---- |  |  |  | 6,287 |  |  |  | ---- |  |  |  | 6,287 |
Accrued interest payable |  |  | 607 |  |  |  | 2 |  |  |  | 605 |  |  |  | ---- |  |  |  | 607 |
|  |  |  |  |  | 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 |

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- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -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 + Details
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