Acquisition (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The fair values of assets acquired and liabilities assumed, including fair value adjustments and purchase accounting entries are as follows:

(Dollars in thousands)	As of November 1, 2013
	Citizens		Fair value		Acquired
	Bank		adjustments		balances
Assets
Cash and cash equivalents	$	31,316	$	(6,288)	$	25,028
Investment securities available-for-sale		56,720		(941)		55,779
Bank stocks, at cost		565		-		565
Loans, net		97,051		(1,933)		95,118
Loans held for sale, net		3,470		-		3,470
Premises and equipment, net		4,358		1,611		5,969
Goodwill		-		4,456		4,456
Other intangible assets, net		161		2,060		2,221
Accrued interest and other assets		1,720		35		1,755
Total assets	$	195,361	$	(1,000)	$	194,361

Liabilities and Stockholders’ Equity
Liabilities:
Total deposits	$	181,875	$	-	$	181,875
Other borrowings		7,489		-		7,489
Subordinated debentures		5,155		(1,000)		4,155
Accrued interest, taxes, and other liabilities		842		-		842
Total liabilities	$	195,361	$	(1,000)	$	194,361

Business Acquisition, Pro Forma Information [Table Text Block]

Unaudited pro forma consolidated operating results for the years ended December 31, 2013 and December 31, 2012, as if the acquisition was consummated on January 1 of that year are as follows:

(Dollars in thousands, except per share amounts)	Years ended December 31,
	2013		2012

Total interest income	$	29,055	$	31,661
Net earnings		6,537		8,038
Earnings per share:
Basic		1.92		2.38
Diluted		1.89		2.35