FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2016

FAIR VALUE.

Schedule of assets measured at fair value on a recurring basis

2016

			Quoted Prices
			In Active
			Markets for		Significant Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
U. S. government agencies	$	36,528	$	—	$	36,528	$	—
States and municipals		91,132		—		91,132		—
Mortgage-backed - residential		145,770		—		145,770		—
Equity securities		340		340		—		—
Trading Assets		5,592		1,608		3,984		—
Total	$	279,362	$	1,948	$	277,414	$	—

			Quoted Prices
			In Active
			Markets for		Significant Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
Description	Value		(Level 1)		(Level 2)		(Level 3)
U. S. government agencies	$	48,863	$	—	$	48,863	$	—
States and municipals		91,962		—		91,962		—
Mortgage-backed - residential		123,043		—		123,043		—
Equity securities		344		344		—		—
Trading Assets		5,531		1,617		3,914		—
Total	$	269,743	$	1,961	$	267,782	$	—

Schedule of assets measured at fair value on a non-recurring basis

	Fair Value Measurements at December 31, 2016 Using :
			Quoted Prices
			In Active
			Markets for		Significant Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
(In thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Description
Impaired loans:
Real Estate Mortgage:
1-4 family Residential	$	1,685	$	—	$	—	$	1,685
Agricultural		2,234		—		—		2,234
Other real estate owned, net:
Residential		956		—		—		956
Commercial		272		—		—		272
Loan servicing rights		1,083		—		—		1,083

	Fair Value Measurements at December 31, 2015 Using :
			Quoted Prices
			In Active
			Markets for		Significant Other		Significant
			Identical		Observable		Unobservable
	Carrying		Assets		Inputs		Inputs
(In thousands)	Value		(Level 1)		(Level 2)		(Level 3)
Description
Impaired loans:
Real Estate Mortgage:
Multi-family residential	$	540	$	—	$	—	$	540
Non-farm & non-residential		285		—		—		285
Agricultural		—		—		—		—
Other real estate owned, net:
Residential		1,504		—		—		1,504
Loan servicing rights		87		—		—		87

Schedule of quantitative information about level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis

					Range
December 31, 2016	Fair		Valuation	Unobservable	(Weighted
(In thousands)	Value		Technique(s)	Input(s)	Average)
Impaired loans
Real estate mortgage:
1-4 family residential	$	1,685	sales comparison	adjustment for differences between the comparable sales	0%-21%	(10)%
Agricultural		2,234	sales comparison	adjustment for differences between the comparable sales	2%-75%	(9)%
Other real estate owned:
Residential		956	sales comparison	adjustment for differences between the comparable sales	1%-16%	(9)%
Commercial		272	income approach	capitalization rate	10%-10%	(10)%
Loan Servicing Rights		1,083	discounted cash flow	constant prepayment rates	8%-45%	(13)%

					Range
December 31, 2015	Fair		Valuation	Unobservable	(Weighted
(In thousands)	Value		Technique(s)	Input(s)	Average)
Impaired loans
Real estate mortgage:
1-4 family residential	$	540	sales comparison	adjustment for differences between the comparable sales	1%-12%	(7)%
Non-farm & non-residential		285	sales comparison	adjustment for differences between the comparable sales	23%-31%	(27)%
Other real estate owned:
Residential		1,504	sales comparison	adjustment for differences between the comparable sales	10%-28%	(19)%
			income approach	capitalization rate	10%-10%	(10)%
Loan Servicing Rights		87	discounted cash flow	constant prepayment rates	8%-21%	(11)%

Schedule of carrying amounts and estimated fair values of financial instruments

December 31, 2016:

	Carrying
(in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	43,250	$	43,250	$	—	$	—	$	43,250
Interest bearing deposits		5,029		5,029		—		—		5,029
Securities		273,770		340		273,430		—		273,770
Trading assets		5,592		1,608		3,984		—		5,592
Loans held for sale		724		—		750		—		750
Loans, net		648,466		—		—		648,234		648,234
FHLB Stock		7,034		—		—		—		N/A
Interest receivable		3,715		—		1,334		2,381		3,715
Financial liabilities
Deposits	$	802,981	$	607,617	$	195,528	$	—	$	803,145
Securities sold under agreements to repurchase		20,873		—		21,006		—		21,006
Long-term Federal Home Loan Bank advances		92,500		—		91,015		—		91,015
Note payable		4,090				4,564				4,564
Subordinated debentures		7,217		—		—		7,210		7,210
Interest payable		692		—		639		53		692

December 31, 2015:

	Carrying
(in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	28,048	$	28,048	$	—	$	—	$	28,048
Interest bearing deposits		4,874		4,874		—		—		4,874
Securities		264,212		344		263,868		—		264,212
Trading assets		5,531		1,617		3,914		—		5,531
Mortgage loans held for sale		624		—		633		—		633
Loans, net		617,600		—		—		616,206		616,206
FHLB Stock		7,034		—		—		—		N/A
Interest receivable		3,681		—		1,358		2,323		3,681
Financial liabilities
Deposits	$	758,981	$	557,146	$	203,192	$	—	$	760,338
Securities sold under agreements to repurchase		18,514		—		18,523		—		18,523
FHLB advances		87,833		—		82,349		—		82,349
Note payable		4,794		—		5,431		—		5,431
Subordinated debentures		7,217		—		—		7,206		7,206
Interest payable		659		—		649		10		659