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Note 10 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

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

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
June 30, 2014
Investment securities available for sale:
U. S. Government agency securities		$	-			$	44,388			$	-			$	44,388
Residential mortgage backed securities			-				220,903				-				220,903
Municipal bonds			-				113,312				-				113,312
Other equity investments			168				-				219				387
Residential mortgage loans held for sale			-				35,411				-				35,411
Total assets measured at fair value on a recurring basis as of June 30, 2014		$	168			$	414,014			$	219			$	414,401

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2013
Investment securities available for sale:
U. S. Government agency securities		$	-			$	47,335			$	-			$	47,335
Residential mortgage backed securities			-				228,674				-				228,674
Municipal bonds			-				101,740				-				101,740
Other equity investments			165				-				219				384
Residential mortgage loans held for sale			-				42,030				-				42,030
Total assets measured at fair value on a recurring basis as of December 31, 2013		$	165			$	419,779			$	219			$	420,163

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

		Other Equity Investments
(dollars in thousands)		June 30, 2014				December 31, 2013
Balance, beginning of period		$	219			$	230
Realized gains included in other noninterest income			-				-
Principal redemption			-				(11	)
Balance, end of period		$	219			$	219

Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
June 30, 2014
Impaired loans:
Commercial		$	-			$	4,202			$	968			$	5,170
Income producing - commercial real estate			-				252				5,057				5,309
Owner occupied - commercial real estate			-				243				1,885				2,128
Real estate mortgage - residential			-				-				650				650
Construction - commercial and residential			-				-				9,813				9,813
Home equity			-				89				106				195
Other consumer			-				-				-				-
Other real estate owned			-				8,843				-				8,843
Total assets measured at fair value on a nonrecurring basis as of June 30, 2014		$	-			$	13,629			$	18,479			$	32,108

(dollars in thousands)		Quoted Prices (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Other Unobservable Inputs (Level 3)				Total (Fair Value)
December 31, 2013
Impaired loans:
Commercial		$	-			$	4,367			$	1,089			$	5,456
Income producing - commercial real estate			-				2,806				1,998				4,804
Owner occupied - commercial real estate			-				2,712				887				3,599
Real estate mortgage - residential			-				86				774				860
Construction - commercial and residential			-				4,228				7,080				11,308
Home equity			-				50				47				97
Other consumer			-				-				2				2
Other real estate owned			-				9,225				-				9,225
Total assets measured at fair value on a nonrecurring basis as of December 31, 2013		$	-			$	23,474			$	11,877			$	35,351

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

										Fair Value Measurements
										Quoted Prices in Active Markets for Identical Assets or Liabilities				Significant Other Observable Inputs				Significant Unobservable Inputs
(dollars in thousands)		Carrying Value				Fair Value				(Level 1)				(Level 2)				(Level 3)
June 30, 2014
Assets
Cash and due from banks		$	8,602			$	8,602			$	-			$	8,602			$	-
Federal funds sold			9,480				9,480				-				9,480				-
Interest bearing deposits with other banks			97,400				97,400				-				97,400				-
Investment securities			378,990				378,990				168				378,603				219
Federal Reserve and Federal Home Loan Bank stock			10,626				10,626				-				10,626				-
Loans held for sale			35,411				35,411				-				35,411				-
Loans			3,279,429				3,312,300				-				4,786				3,307,514
Bank owned life insurance			40,361				40,361				-				40,361				-
Annuity investment			11,196				11,196				-				11,196				-
Derivative assets			223				223				-				-				223

Liabilities
Noninterest bearing deposits			945,485				945,485				-				945,485				-
Interest bearing deposits			2,422,442				2,422,032				-				2,422,032				-
Borrowings			99,946				101,019				-				101,019				-
Derivative liabilites			159				159				-				-				159

December 31, 2013
Assets
Cash and due from banks		$	9,577			$	9,577			$	-			$	9,577			$	-
Federal funds sold			5,695				5,695				-				5,695				-
Interest bearing deposits with other banks			291,688				291,688				-				291,688				-
Investment securities			378,133				378,133				165				377,749				219
Federal Reserve and Federal Home Loan Bank stock			11,272				11,272				-				11,272				-
Loans held for sale			42,030				42,030				-				42,030				-
Loans			2,945,158				2,979,180				-				14,249				2,964,931
Bank owned life insurance			39,738				39,738				-				39,738				-
Annuity investment			11,227				11,227				-				11,227				-

Liabilities
Noninterest bearing deposits			849,409				849,409				-				849,409				-
Interest bearing deposits			2,376,005				2,375,861				-				2,375,861				-
Borrowings			119,771				120,764				-				120,764				-

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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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+ Details