Note 8 - Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Level 3			Total
March 31, 2013
Available for sale securities:
U.S. Government agencies	$	-	$	22,149	$	-		$	22,149
Residential mortgage-backed securities		-		80,228		-			80,228
Municipal securities		-		19,449		-			19,449
Corporate debt securities		-		4,272		-			4,272
Asset-backed securities		-		16,820		-			16,820
Total available-for-sale securities		-		142,918		-			142,918
Loans held for sale		-		-		1,426			1,426
Total net assets measured at fair value on a recurring basis	$	-	$	142,918	$	1,426		$	144,344
December 31, 2012
Available for sale securities:
U.S. Government agencies	$	-	$	30,589	$	-		$	30,589
Residential mortgage-backed securities		-		61,660		-			61,660
Municipal securities		-		19,273		-			19,273
Corporate debt securities		-		2,996		-			2,996
Asset-backed securities		-		13,304		-			13,304
Total available-for-sale securities		-		127,822		-			127,822
Loans held for sale		-		-		1,548			1,548
Total net assets measured at fair value on a recurring basis	$	-	$	127,822	$	1,548		$	129,370
March 31, 2012
Available for sale securities:
U.S. Government agencies	$	-	$	26,998	$	-		$	26,998
Residential mortgage-backed securities		-		86,878		-			86,878
Municipal securities		-		4,813		-			4,813
Corporate debt securities		-		3,039		-			3,039
Asset-backed securities		-		6,894		-			6,894
Total available-for-sale securities		-		128,622		-			128,622
Loans held for sale		-		-		5,874			5,874
Warrant liability		-		-		(200	)		(200	)
Total net assets measured at fair value on a recurring basis	$	-	$	128,622	$	5,674		$	134,296

Fair Value Measurements, Nonrecurring [Table Text Block]

(in thousands)	Fair Value Measurements Using								Current Period Gains
March 31, 2013	Level 1		Level 2		Level 3		Total		(Losses)
Financial assets measured at fair value on a non-recurring basis:
Impaired loans, net of specific reserves--
Commercial and industrial	$	-	$	-	$	97	$	97	$	(83	)
Residential real estate		-		-		496		496		4
Commercial real estate - owner-occupied		-		-		1,423		1,423		19
Commercial real estate - non-owner-occupied		-		-		679		679		12
All other real estate		-		-		24		24		1
Construction and land development		-		-		201		201		2
Total impaired loans, net of charge-offs and specific reserves	$	-	$	-	$	2,920	$	2,920	$	(45	)
Non-financial assets measured at fair value on a non-recurring basis:
Other real estate owned	$	-	$	-	$	818	$	818	$	-

	Fair Value Measurements Using								Full Year Gains
December 31, 2012	Level 1		Level 2		Level 3		Total		(Losses)
Financial assets measured at fair value on a non-recurring basis:
Impaired loans, net of specific reserves--
Commercial and industrial	$	-	$	-	$	1,969	$	1,969	$	7
Residential real estate		-		-		570		570		(324	)
Commercial real estate - owner-occupied		-		-		2,232		2,232		(20	)
Commercial real estate - non-owner-occupied		-		-		683		683		(66	)
All other real estate		-		-		27		27		(2	)
Construction and land development		-		-		452		452		(96	)
Total impaired loans, net of charge-offs and specific reserves	$	-	$	-	$	5,933	$	5,933	$	(501	)
Non-financial assets measured at fair value on a non-recurring basis:
Other real estate owned	$	-	$	-	$	818	$	818	$	(463	)

	Fair Value Measurements Using								Current Period  Gains
March 31, 2012	Level 1		Level 2		Level 3		Total		(Losses)
Financial assets measured at fair value on a non-recurring basis:
Impaired loans, net of specific reserves--
Commercial and industrial	$	-	$	-	$	582	$	582	$	-
Residential real estate		-		-		61		61		-
Commercial real estate - owner-occupied		-		-		1,571		1,571		-
Commercial real estate - non-owner-occupied		-		-		-		-		(128	)
All other real estate		-		-		-		-		-
Construction and land development		-		-		-		-		(190	)
Total impaired loans, net of charge-offs and specific reserves	$	-	$	-	$	2,214	$	2,214	$	(318	)
Non-financial assets measured at fair value on a non-recurring basis:
Other real estate owned	$	-	$	-	$	2,224	$	2,224	$	(358	)

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

(in thousands)	Level 3 Securities Available for Sale, Loans Held for Sale and Warrant Liability
	Three Months Ended March 31
	2013			2012
Balance at beginning of year	$	1,548		$	(1,464	)
Net (decrease) increase in SBA loans held for sale		(66	)		61
Loans held for sale transfered into Level 3		-			4,282
Settlements - principal reductions in loans held for sale		(197	)		(21	)
Loan participations sold to related party		-			(2,168	)
Reduction in loans held for sale valuation reserve		141			-
Cancellation of warrants accounted for as liabilities		-			4,955
Changes in fair value of warrant liability		-			30
Balance at end of period	$	1,426		$	5,675

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

(in thousands)	March 31, 2013				December 31, 2012				March 31, 2012
	Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and due from banks	$	10,063	$	10,063	$	25,635	$	25,635	$	67,093	$	67,093
Interest-bearing deposits in other banks		3,210		3,210		3,706		3,706		3,492		3,492
Investment securities		142,918		142,918		127,822		127,822		128,622		128,622
Loans held for sale		1,426		1,426		1,548		1,548		5,874		5,874
Loans, net of allowance for loan and lease losses		239,827		240,666		239,499		244,979		216,534		215,233
Federal Home Loan Bank and other stocks		6,868		6,868		6,822		6,822		3,801		3,801
Accrued interest receivable		1,238		1,238		1,361		1,361		1,216		1,216
Financial Liabilities:
Deposits		386,347		386,619		387,268		387,589		405,280		405,582
Junior subordinated debt securities		5,632		4,611		5,604		4,607		5,519		4,612
Accrued interest payable		115		115		111		111		205		205
Warrant liability		-		-		-		-		199		199