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

6 Months Ended

Jun. 30, 2016

Notes Tables

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

(in thousands)		Quoted Prices in				Significant				Significant
June 30, 2016		Active Markets for Identical Assets (Level 1)				Observable Inputs (Level 2)				Unobservable Inputs (Level 3)				Balance as of June 30, 2016
U.S. Government agency mortgage- backed securities		$	-			$	12,139			$	-			$	12,139
Corporate bonds			-				8,898				-				8,898
Subordinated Notes			-				2,000				-				2,000
Securities available for sale		$	-			$	23,037			$	-			$	23,037

December 31, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)					Significant Unobservable Inputs (Level 3)				Balance as of June 30, 2016
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]

Asset Description		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)					Balance
June 30, 2016
Impaired loans		$	-			$	-			$	1,959			$	1,959
Other real estate owned		$	-			$	-			$	851			$	851
December 31, 2015
Impaired loans		$	-			$	-			$	363			$	363
Other real estate owned		$	-			$	-			$	-			$	-

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

(dollars in thousands)		Quantitative Information about Level 3 Fair Value Measurements
RangeAsset Description		Fair Value			Valuation Technique		Unobservable Input		Range (Weighted Average )
June 30, 2016
Impaired loans		$	1,959		Appraised Value of Collateral (1)		Liquidation Costs (2)			14%	-	23%	(16%)	(3)
					Appraised Value of		Liquidation Costs (2)				9.6%		(9.6%)	(3)
Other real estate owned		$	851		Property (1)		Appraisal Adjustment (2)				13%		(13%)	(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]

(in thousands)	Fair Value Hierarchy		Carrying Amount				Estimated Fair Value				Carrying Amount				Estimated Fair Value
Financial Assets:
Cash and noninterest bearing balances due from banks	Level 1		$	2,893			$	2,893			$	2,588			$	2,588
Interest-bearing deposits due from banks	Level 1			43,594				43,594				82,812				82,812
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock	Level 2			2,123				2,123				2,075				2,075
Federal Home Loan Bank stock	Level 2			5,859				5,859				6,570				6,570
Loans receivable, net	Level 3			523,404				526,594				479,127				478,160
Accrued interest receivable	Level 2			2,120				2,120				2,010				2,010
Financial Liabilities:
Demand deposits	Level 2		$	75,244			$	75,244			$	85,065			$	85,065
Savings deposits	Level 2			124,196				124,196				108,658				108,658
Money market deposits	Level 2			18,486				18,486				19,522				19,522
NOW accounts	Level 2			28,745				28,745				28,684				28,684
Time deposits	Level 2			142,480				122,965				156,964				156,363
Brokered Deposits	Level 1			57,185				57,160				48,154				48,062
FHLB Borrowings	Level 2			128,000				128,441				132,000				131,903
Subordinated debentures	Level 2			8,248				8,248				8,248				8,248
Note Payable	Level 3			1,846				1,887				1,939				1,904
Accrued interest payable	Level 2			592				592				532				532

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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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