XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.5.0.2

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] |
|  |  |  |  |  |  |  | Restated |  |  | Restated |
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 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
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
|  | Restated |  | Valuation |  | Unobservable |  | Range
RangeAsset Description |  | Fair Value |  | Technique |  | Input |  | (Weighted Average )
June 30, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Appraised |  | Liquidation Costs (2) |  |  |  | 9.6% |  | (9.6%) | (3)
Other real estate owned |  | $ | 851 |  | Value of 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] |
|  |  | Restated |  |  | Restated |  |  |  |
|  |  | June 30, 2016 |  |  | December 31, 2015 |
(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 |  |  | 521,445 |  |  |  | 524,635 |  |  |  | 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 |

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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration