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Note 11 - Fair Value and Interest Rate Risk (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

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

		Quoted Prices in				Significant				Significant
(in thousands)		Active Markets				Observable				Unobservable				Balance
		for Identical Assets				Inputs				Inputs				as of
March 31, 2015		(Level 1)				(Level 2)				(Level 3)				March 31, 2015
U.S. Government agency mortgage- backed securities		$	-			$	16,276			$	-			$	16,276
U.S. Government agency bonds			-				7,496				-				7,496
Corporate bonds			-				8,966				-				8,966
Securities available for sale		$	-			$	32,738			$	-			$	32,738

		Quoted Prices in				Significant				Significant
		Active Markets				Observable				Unobservable				Balance
		for Identical Assets				Inputs				Inputs				as of
December 31, 2014		(Level 1)				(Level 2)				(Level 3)				December 31, 2014
U.S. Government agency mortgage- backed securities		$	-			$	17,337			$	-			$	17,337
U.S. Government agency bonds			-				7,409				-				7,409
Corporate bonds			-				8,936				-				8,936
Securities available for sale		$	-			$	33,682			$	-			$	33,682

Fair Value Measurements, Nonrecurring [Table Text Block]

		Quoted Prices in				Significant				Significant
(in thousands)		Active Markets				Observable				Unobservable
		for Identical Assets				Inputs				Inputs				Balance
		(Level 1)				(Level 2)				(Level 3)
March 31, 2015
Impaired loans		$	-			$	-			$	535			$	535
December 31, 2014
Impaired loans		$	-			$	-			$	859			$	859

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

(in thousands)		Quantitative Information about Level 3 Fair Value Measurements
Asset Description		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average)
March 31, 2015
Impaired loans		$	535		Fair Value of Collateral (1)		Appraised Value (2)			14%-23%	(16%)	(3)
December 31, 2014
Impaired loans		$	859		Fair Value of Collateral (1)		Appraised Value (2)			8%-22%	(13%)	(3)

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

			March 31, 2015								December 31, 2014
(in thousands)	Fair Value		Carrying				Estimated				Carrying				Estimated
	Hierarchy		Amount				Fair Value				Amount				Fair Value
Financial Assets:
Cash and noninterest bearing balances due from banks	Level 1		$	2,080			$	2,080			$	2,095			$	2,095
Interest-bearing deposits due from banks	Level 1			63,878				63,878				71,163				71,163
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock	Level 2			2,020				2,020				2,058				2,058
Federal Home Loan Bank stock	Level 2			6,628				6,628				6,628				6,628
Loans receivable, net	Level 3			494,166				499,383				471,984				476,631
Accrued interest receivable	Level 1			1,974				1,974				1,918				1,918
Financial Liabilities:
Demand deposits	Level 1		$	70,331			$	70,331			$	63,398			$	63,398
Savings deposits	Level 1			96,846				96,846				93,790				93,790
Money market deposits	Level 1			23,824				23,824				24,650				24,650
NOW accounts	Level 1			26,673				26,673				26,269				26,269
Time deposits	Level 2			191,224				191,331				204,216				204,262
Brokered Deposits	Level 1			48,209				48,209				30,710				30,710
FHLB Borrowings	Level 2			120,000				120,000				120,000				120,000
Subordinated debentures	Level 2			8,248				8,248				8,248				8,248
Accrued interest payable	Level 1			251				251				167				167

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 5

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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 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).

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

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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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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

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