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Note 12 - Fair Value and Interest Rate Risk (Tables)

3 Months Ended

Mar. 31, 2016

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, 2016		(Level 1)				(Level 2)				(Level 3)				March 31, 2016
U.S. Government agency bonds		$	-			$	4,989			$	-			$	4,989
U.S. Government agency mortgage- backed securities			-				12,849				-				12,849
Corporate bonds			-				8,897				-				8,897
Subordinated Notes			-				2,000				-				2,000
Securities available for sale		$	-			$	28,735			$	-			$	28,735

		Quoted Prices in				Significant				Significant
		Active Markets				Observable				Unobservable				Balance
		for Identical Assets				Inputs				Inputs				as of
December 31, 2015		(Level 1)				(Level 2)				(Level 3)				December 31, 2015
U.S. Government agency bonds		$	-			$	4,954			$	-			$	4,954
U.S. Government agency mortgage- backed securities			-				13,413				-				13,413
Corporate bonds			-				9,010				-				9,010
Subordinated Notes			-				2,000				-				2,000
Securities available for sale		$	-			$	29,377			$	-			$	29,377

Fair Value Measurements, Nonrecurring [Table Text Block]

		Quoted Prices in				Significant				Significant
(in thousands)		Active Markets				Observable				Unobservable
		for Identical Assets				Inputs				Inputs				Balance
Asset Description		(Level 1)				(Level 2)				(Level 3)
March 31, 2016
Impaired loans		$	-			$	-			$	2,240			$	2,240
December 31, 2015
Impaired loans		$	-			$	-			$	363			$	363

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

(dollars in thousands)		Quantitative Information about Level 3 Fair Value Measurements
Asset Description		Fair Value				Valuation Technique				Unobservable Input				Range (Weighted Average )
March 31, 2016
Impaired loans		$	2,240				Appriased Value of Collateral (1)				Liquidation Costs (2)				14%	-	23%	(16%)	(3)
December 31, 2015
Impaired loans		$	363				Appraised Value of Collateral (1)				Liquidation Costs (2)					8%		(8%)	(3)

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

			March 31, 2016								December 31, 2015
(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		$	2,931			$	2,931			$	2,588			$	2,588
Interest-bearing deposits due from banks	Level 1			64,075				64,075				82,812				82,812
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock	Level 2			2,099				2,099				2,075				2,075
Federal Home Loan Bank stock	Level 2			6,570				6,570				6,570				6,570
Loans receivable, net	Level 3			479,936				481,893				479,127				478,160
Accrued interest receivable	Level 2			2,075				2,075				2,010				2,010
Financial Liabilities:
Demand deposits	Level 2		$	79,483			$	79,483			$	85,065			$	85,065
Savings deposits	Level 2			120,051				120,051				108,658				108,658
Money market deposits	Level 2			19,007				19,007				19,522				19,522
NOW accounts	Level 2			28,913				28,913				28,684				28,684
Time deposits	Level 2			145,010				144,775				156,964				156,363
Brokered Deposits	Level 1			33,173				33,177				48,154				48,062
FHLB Borrowings	Level 2			134,900				134,900				132,000				131,903
Subordinated debentures	Level 2			8,248				8,248				8,248				8,248
Note Payable	Level 3			1,893				1,829				1,939				1,904
Accrued interest payable	Level 2			586				586				532				532

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).

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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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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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