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Note 15 - Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2017
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
   
Fair Value Measurements as of
September
30
, 2017
Using
 
   
Totals
At
September
30
,
2017
   
Quoted
Prices in
Active
Markets For
Identical
Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
   
(Dollars in Thousands)
 
Investment securities, available-for-sale
                               
Mortgage-backed securities:
                               
Residential
  $
83,550
    $
    $
83,550
    $
 
Commercial
   
67,138
     
     
67,138
     
 
Obligations of states and political subdivisions
   
5,655
     
     
5,655
     
 
Obligations of U.S. government-sponsored agencies
   
2,002
     
     
2,002
     
 
U.S. Treasury securities    
80
     
     
80
     
 
Other assets - derivatives
   
291
     
     
291
     
 
   
Fair Value Measurements as of December 31, 2016
Using
 
   
Totals
At
December
31,
2016
   
Quoted
Prices in
Active
Markets For
Identical
Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
   
(Dollars in Thousands)
 
Investment securities, available-for-sale
                               
Mortgage-backed securities:
                               
Residential
  $
98,409
    $
    $
98,409
    $
 
Commercial
   
70,530
     
     
70,530
     
 
Obligations of states and political subdivisions
   
10,142
     
     
10,142
     
 
Obligations of U.S. government-sponsored agencies
   
1,993
     
     
1,993
     
 
Corporate notes
   
756
     
     
756
     
 
U.S. Treasury securities
   
80
     
     
80
     
 
Other assets - derivatives
   
346
     
     
346
     
 
Fair Value Assets Measured On Nonrecurring Basis [Table Text Block]
   
Fair Value Measurements as of
September
30
, 2017
Using
 
   
Totals
At
September
30
,
2017
   
Quoted
Prices in
Active
Markets For
Identical
Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
   
(Dollars in Thousands)
 
Impaired loans
  $
686
    $
    $
    $
686
 
OREO    
3,819
     
     
     
3,819
 
Other assets
   
228
     
     
     
228
 
   
Fair Value Measurements as of December 31, 2016
Using
 
   
Totals
At
December 31,
2016
   
Quoted
Prices in
Active
Markets
For Identical
Assets
(Level 1)
   
Significant
Other
Observable
Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
   
(Dollars in Thousands)
 
Impaired loans
  $
1,568
    $
    $
    $
1,568
 
OREO    
4,858
     
     
     
4,858
 
Other assets
   
280
     
     
     
280
 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
 
 
Level 3 Significant Unobservable Input Assumptions
 
 
Fair Value
September
30
,
2017
 
 
Valuation Technique
 
Unobservable
 
Input
 
Quantitative
 
Range
of Unobservable
Inputs
(Weighted
Average)
 
 
(Dollars in Thousands)
Non-recurring fair value measurements:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans
 
$
686
 
 
Multiple data points, including discount to appraised value of collateral based on recent market activity
 
Appraisal comparability adjustment (discount)
 
9
% - 10%
(
9.5%)
 
 
 
 
 
 
 
 
 
 
 
OREO   $
3,819
   
Discount to appraised
 value of property based on recent market activity for sales of similar properties
 
Appraisal comparability
 adjustment (discount)
 
9
% - 10%
(
9.5%)
                     
Other assets
 
$
228
 
 
Discount to appraised value of property based on recent market activity for sales of similar properties
 
Appraisal comparability adjustment (discount)
 
9
% - 10%
(9
.5%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
   
September
30
, 2017
 
   
Carrying
Amount
   
Estimated
Fair Value
   
Level 1
   
Level 2
   
Level 3
 
   
(Dollars in Thousands)
 
Assets:
                                       
Cash and cash equivalents
  $
32,554
    $
32,554
    $
32,554
    $
    $
 
Investment securities available-for-sale
   
158,425
     
158,425
     
     
158,425
     
 
Investment securities held-to-maturity
   
27,377
     
27,303
     
     
27,303
     
 
Federal Home Loan Bank stock
   
1,396
     
1,396
     
     
     
1,396
 
Loans, net of allowance for loan losses
   
338,026
     
327,251
     
     
     
327,251
 
Other assets - derivatives    
291
     
291
     
     
291
     
 
Liabilities:
                                       
Deposits
   
508,385
     
507,298
     
     
507,298
     
 
Short-term borrowings
   
10,635
     
10,634
     
     
10,634
     
 
Long-term debt    
10,000
     
10,000
     
     
10,000
     
 
   
December 31, 2016
 
   
Carrying
Amount
   
Estimated
Fair Value
   
Level 1
   
Level 2
   
Level 3
 
   
(Dollars in Thousands)
 
Assets:
                                       
Cash and cash equivalents
  $
23,530
    $
23,530
    $
23,530
    $
    $
 
Investment securities available-for-sale
   
181,910
     
181,910
     
     
181,910
     
 
Investment securities held-to-maturity
   
25,904
     
25,508
     
     
25,508
     
 
Federal Home Loan Bank stock
   
1,581
     
1,581
     
     
     
1,581
 
Loans, net of allowance for loan losses
   
322,772
     
319,881
     
     
     
319,881
 
Other assets -
derivatives
   
346
     
346
     
     
346
     
 
Liabilities:
                                       
Deposits
   
497,556
     
497,037
     
     
497,037
     
 
Short-term borrowings
   
10,119
     
10,119
     
     
10,119
     
 
Long-term debt
   
15,000
     
14,998
     
     
14,998