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

9 Months Ended

Sep. 30, 2016

Notes Tables

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

(in thousands)		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Balance as of September 30, 2016
September 30, 2016:
U.S. Government agency mortgage-backed securities		$	-				11,412				-				11,412
Corporate bonds			-				8,937				-				8,937
Subordinated Notes			-				3,025				-				3,025
Securities available for sale		$	-				23,374				-				23,374

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

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

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 )
September 30, 2016:
Other real estate owned		$	851		Appraised Value of Property (1)		Liquidation Costs (2)		9.6% / (9.6%) (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)			September 30, 2016								December 31, 2015
	Fair Value		Carrying				Estimated				Carrying				Estimated
Financial Assets:	Hierarchy		Amount				Fair Value				Amount				Fair Value
Cash and noninterest bearing balances due from banks	Level 1		$	2,454				2,454				2,588				2,588
Interest-bearing deposits due from banks	Level 1			43,060				43,060				82,812				82,812
Available for sale securities	Level 2			23,374				23,374				29,377				29,377
Other investments	Level 2			4,450				4,450				4,450				4,450
Federal Home Loan Bank and Federal Reserve Bank stock	Level 2			7,818				7,818				8,645				8,645
Loans receivable, net	Level 3			552,822				562,114				479,127				478,160
Accrued interest receivable	Level 2			2,308				2,308				2,010				2,010
Financial Liabilities:
Demand deposits	Level 2		$	77,304				77,304				85,812				85,812
Savings deposits	Level 2			130,901				130,901				106,291				106,291
Money market deposits	Level 2			17,230				17,230				19,508				19,508
NOW accounts	Level 2			24,672				24,672				27,951				27,951
Time deposits	Level 2			163,893				221,105				156,964				156,964
Brokered Deposits	Level 1			57,185				57,725				48,154				48,154
FHLB Borrowings	Level 2			135,000				135,497				132,000				132,000
Subordinated debentures	Level 2			8,248				8,248				8,248				8,248
Note Payable	Level 3			1,800				1,780				1,939				1,939
Accrued interest payable	Level 2			180				180				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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