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Note 8 - Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2015

Dec. 31, 2014

Fair Value Disclosures [Abstract]

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

		Carrying Value
(In thousands)		Level 1				Level 2				Level 3				Total
June 30, 2015
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	0			$	34,338			$	0			$	34,338
Agency CMO			0				11,462				0				11,462
Agency notes and bonds			0				18,533				0				18,533
Municipal obligations			0				32,551				0				32,551
Mutual funds			1,477				0				0				1,477
Total securities available for sale		$	1,477			$	96,884			$	0			$	98,361
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	0			$	0			$	1,344			$	1,344
Land			0				0				20				20
Construction			0				0				0				0
Commercial real estate			0				0				1,792				1,792
Commercial business			0				0				0				0
Home equity and second mortgage			0				0				133				133
Total impaired loans		$	0			$	0			$	3,289			$	3,289
Loans held for sale		$	0			$	1,673			$	0			$	1,673
Foreclosed real estate:
Residential real estate		$	0			$	0			$	87			$	87
Commercial real estate			0				0				480				480
Total foreclosed real estate		$	0			$	0			$	567			$	567
December 31, 2014
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	0			$	32,296			$	0			$	32,296
Agency CMO			0				14,385				0				14,385
Agency notes and bonds			0				18,120				0				18,120
Municipal obligations			0				33,342				0				33,342
Mutual funds			2,083				0				0				2,083
Total securities available for sale		$	2,083			$	98,143			$	0			$	100,226
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	0			$	0			$	1,364			$	1,364
Land			0				0				16				16
Construction			0				0				0				0
Commercial real estate			0				0				1,808				1,808
Commercial business			0				0				349				349
Home equity and second mortgage			0				0				151				151
Total impaired loans		$	0			$	0			$	3,688			$	3,688
Loans held for sale		$	0			$	1,608			$	0			$	1,608
Foreclosed real estate:
Residential real estate		$	0			$	0			$	78			$	78
Total foreclosed real estate		$	0			$	0			$	78			$	78

		Carrying Value
		Level 1				Level 2				Level 3				Total
		(In thousands)
December 31, 2014:
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	0			$	32,296			$	0			$	32,296
Agency CMO			0				14,385				0				14,385
Agency notes and bonds			0				18,120				0				18,120
Municipal obligations			0				33,342				0				33,342
Mutual funds			2,083				0				0				2,083
Total securities available for sale		$	2,083			$	98,143			$	0			$	100,226
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	0			$	0			$	1,364			$	1,364
Land			0				0				16				16
Commercial real estate			0				0				1,808				1,808
Commercial business			0				0				349				349
Home equity and second mortgage			0				0				151				151
Total impaired loans		$	0			$	0			$	3,688			$	3,688
Loans held for sale		$	0			$	1,608			$	0			$	1,608
Foreclosed real estate:
Residential real estate		$	0			$	0			$	78			$	78
Total foreclosed real estate		$	0			$	0			$	78			$	78

		Carrying Value
		Level 1				Level 2				Level 3				Total
		(In thousands)
December 31, 2013:
Assets Measured on a Recurring Basis
Securities available for sale:
Agency mortgage-backed securities		$	0			$	18,369			$	0			$	18,369
Agency CMO			0				20,241				0				20,241
Agency notes and bonds			0				30,914				0				30,914
Municipal obligations			0				36,040				0				36,040
Mutual funds			3,198				0				0				3,198
Total securities available for sale		$	3,198			$	105,564			$	0			$	108,762
Assets Measured on a Nonrecurring Basis
Impaired loans:
Residential real estate		$	0			$	0			$	1,928			$	1,928
Land			0				0				120				120
Commercial real estate			0				0				2,441				2,441
Commercial business			0				0				639				639
Home equity and second mortgage			0				0				263				263
Total impaired loans		$	0			$	0			$	5,391			$	5,391
Loans held for sale		$	0			$	1,611			$	0			$	1,611
Foreclosed real estate:
Residential real estate		$	0			$	0			$	466			$	466
Total foreclosed real estate		$	0			$	0			$	466			$	466

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

		Carrying				Fair				Fair Vale Measurements Using
(In thousands)		Value				Value				Level 1				Level 2				Level 3
June 30, 2015
Financial assets:
Cash and cash equivalents		$	39,647			$	39,647			$	39,647			$	0			$	0
Interest-bearing time deposits			9,515				9,618				0				9,618				0
Securities available for sale			98,361				98,361				1,477				96,884				0
Securities held to maturity			5				5				0				5				0
Loans held for sale			1,673				1,708				0				1,708				0
Loans, net			298,865				298,602				0				0				298,602
FHLB stock			1,550				1,550				0				1,550				0
Accrued interest receivable			1,538				1,538				0				1,538				0
Cost method investment (included in other assets)			711				711				0				711				0
Financial liabilities:
Deposits			416,247				415,785				0				0				415,785
Accrued interest payable			94				94				0				94				0
December 31, 2014:
Financial assets:
Cash and cash equivalents		$	33,243			$	33,243			$	33,243			$	0			$	0
Interest-bearing time deposits			8,270				8,370				0				8,370				0
Securities available for sale			100,226				100,226				2,083				98,143				0
Securities held to maturity			6				6				0				6				0
Loans held for sale			1,608				1,641				0				1,641				0
Loans, net			300,603				301,864				0				0				301,864
FHLB stock			2,241				2,241				0				2,241				0
Accrued interest receivable			1,580				1,580				0				1,580				0
Cost method investment (included in other assets)			711				711				0				711				0
Financial liabilities:
Deposits			412,636				412,282				0				0				412,282
Accrued interest payable			127				127				0				127				0

										Fair Value Measurements Using
(In thousands)		Carrying Value				Fair Value				Level 1				Level 2				Level 3
December 31, 2014:
Financial assets:
Cash and cash equivalents		$	33,243			$	33,243			$	33,243			$	0			$	0
Interest-bearing time deposits			8,270				8,370				0				8,370				0
Securities available for sale			100,226				100,226				2,083				98,143				0
Securities held to maturity			6				6				0				6				0
Loans held for sale			1,608				1,641				0				1,641				0
Loans, net			300,603				301,864				0				0				301,864
FHLB stock			2,241				2,241				0				2,241				0
Accrued interest receivable			1,580				1,580				0				1,580				0
Cost method investment (included in other assets)			711				711				0				711				0
Financial liabilities:
Deposits			412,636				412,282				0				0				412,282
Accrued interest payable			127				127				0				127				0
December 31, 2013:
Financial assets:
Cash and cash equivalents		$	11,136			$	11,136			$	11,136			$	0			$	0
Interest-bearing time deposits			4,425				4,458				0				4,458				0
Securities available for sale			108,762				108,762				3,198				105,564				0
Securities held to maturity			9				9				0				9				0
Loans held for sale			1,611				1,644				0				1,644				0
Loans, net			288,506				287,753				0				0				287,753
FHLB stock			2,820				2,820				0				2,820				0
Accrued interest receivable			1,716				1,716				0				1,716				0
Cost method investment (included in other assets)			540				540				0				540				0
Financial liabilities:
Deposits			373,830				373,883				0				0				373,883
Retail repurchase agreements			9,310				9,310				0				9,310				0
Advances from FHLB			5,500				5,500				0				5,500				0
Accrued interest payable			192				192				0				192				0

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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-Publisher FASB



-Name Accounting Standards Codification



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