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Note 9 - Fair Value and Interest Rate Risk (Tables)

3 Months Ended

Mar. 31, 2017

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)				Total
March 31, 2017:
U. S. Government agency mortgage-backed securities		$	-				4,656				-				4,656
Corporate bonds			-				8,937				-				8,937
Subordinated Notes			-				5,608				2,000				7,608
Available-for-sale securities		$	-				19,201				2,000				21,201
December 31, 2016:
U. S. Government agency mortgage-backed securities		$	-				10,441				-				10,441
Corporate bonds			-				8,961				-				8,961
Subordinated Notes			-				3,026				2,000				5,026
Available-for-sale securities		$	-				22,428				2,000				24,428

Fair Value Measurements, Nonrecurring [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)				Total
December 31, 2016:
Other real estate owned ("OREO")		$	-				-				851				851

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

		December 31, 2016
		Other Real Estate Owned (“OREO”)
Fair Value		$	851
Valuation technique (1)		Independent appraised value of collateral
Unobservable Input (2)		Liquidation cost
Weighting of qualitative factors (3)		22.6% and (22.6)%

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

(In thousands)				March 31, 2017								December 31, 2016
		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		$	5,087				5,087				2,596				2,596
Interest-bearing deposits due from banks		Level 1			55,179				55,179				89,693				89,693
U. S. Government agency mortgage-backed securities		Level 2			4,656				4,656				10,441				10,441
Corporate bonds		Level 2			8,937				8,937				8,961				8,961
Subordinated Notes		Level 2			5,608				5,608				3,026				3,026
Subordinated Notes		Level 3			2,000				2,000				2,000				2,000
Other investments		Level 2			4,450				4,450				4,450				4,450
Federal Reserve Bank stock		Level 2			2,358				2,358				2,109				2,109
Federal Home Loan Bank stock		Level 2			5,489				5,489				5,609				5,609
Loans receivable, net		Level 3			625,030				623,915				576,982				576,757
Accrued interest receivable		Level 2			3,063				3,063				2,726				2,726
Financial assets, total					721,857				720,742				708,593				708,368
Financial Liabilities:
Demand deposits		Level 2			78,372				78,372				76,772				76,772
Savings deposits		Level 2			140,352				140,352				131,429				131,429
Money market deposits		Level 2			15,304				15,304				15,593				15,593
NOW accounts		Level 2			26,156				26,156				29,912				29,912
Time deposits		Level 2			242,183				242,023				211,686				210,321
Brokered deposits		Level 1			58,592				58,539				63,932				63,897
FHLB and correspondent bank borrowings		Level 2			124,000				124,120				138,000				138,149
Senior notes		Level 2			11,647				11,647				11,628				11,628
Subordinated debentures		Level 2			8,080				8,080				8,079				8,079
Note payable		Level 3			1,722				1,570				1,769				1,565
Accrued interest payable		Level 2			343				343				118				118
Financial liabilities, total					706,751				706,506				688,918				687,463

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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