Note 9 - Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

			Fair Value Measurements at September 30, 2016 Using:
Financial assets:	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Cash and cash equivalents	$	77,048	$	77,048					$	77,048
Investment securities		100,618			$	100,618				100,618
Loans, net		442,399					$	447,482		447,482
FHLB stock		2,438								N/A
Accrued interest receivable		1,915		1		333		1,581		1,915
Financial liabilities:
Deposits		581,421		531,832		49,572				581,404
Repurchase agreements		8,166				8,166				8,166
Note payable		2,500						2,500		2,500
Junior subordinated deferrable interest debentures		10,310						6,210		6,210
Accrued interest payable		57		9		36		12		57

			Fair Value Measurements at December 31, 2015 Using:
Financial assets:	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Cash and cash equivalents	$	68,195	$	68,195					$	68,195
Investment securities		96,704			$	96,704				96,704
Loans, net		396,833					$	395,338		395,338
FHLB stock		2,380								N/A
Accrued interest receivable		2,048		26		328		1,694		2,048
Financial liabilities:
Deposits		527,276		475,013		52,287				527,300
Repurchase agreements		7,671				7,671				7,671
Note payable		4,875						4,875		4,875
Junior subordinated deferrable interest debentures		10,310						6,662		6,662
Accrued interest payable		58		8		38		12		58

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

			Fair Value Measurements at September 30, 2016 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government-sponsored agencies	$	2,000	$	-	$	2,000	$	-
U.S. Government-sponsored agencies collateralized by mortgage obligations- residential		73,300				73,300
Obligations of states and political subdivisions		25,318				25,318
	$	100,618	$	-	$	100,618	$	-

			Fair Value Measurements at December 31, 2015 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
U.S. Government- sponsored agencies	$	1,977	$	-	$	1,977	$	-
U.S. Government-sponsored agencies collateralized by mortgage obligations- residential		72,370				72,370
Obligations of states and political subdivisions		22,357				22,357
	$	96,704	$	-	$	96,704	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

			Fair Value Measurements at September 30, 2016 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Nine Months Ended September 30, 201 6 Total Gains (Losses)
Assets:
Impaired loans:
Real estate – commercial	$	451	$	-	$	-	$	451	$	(83	)
Real estate – construction and land		22						22		(1	)
Equity lines of credit		83						83		4
Total impaired loans		556		-		-		556		(80	)
Other real estate:
Real estate – commercial		1,000						1,000		(9	)
Real estate – construction and land		1,517						1,517		-
Total other real estate		2,517		-		-		2,517		(9	)
	$	3,073	$	-	$	-	$	3,073	$	(89	)

			Fair Value Measurements at December 31, 2015 Using
	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Nine Months Ended September 30, 201 5 Total Gains (Losses)
Assets:
Impaired loans:
Commercial	$	-	$	-	$	-	$	-	$	(13	)
Real estate – commercial		1,214						1,214		-
Real estate – construction and land		30						30		(16	)
Equity lines of credit		83						83		4
Total impaired loans		1,327		-		-		1,327		(25	)
Other real estate:
Commercial		-		-		-		-		(39	)
Real estate – commercial		156						156		(127	)
Real estate – construction and land		1,516						1,516		114
Equity lines of credit		84						84		(27	)
Total other real estate		1,756		-		-		1,756		(79	)
	$	3,083	$	-	$	-	$	3,083	$	(104	)

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

Description	Fair Value 9/30/2016		Fair Value 12/31/2015		Valuation Technique	Significant Unobservable Input	Range (Weighted Average) 9/30/2016				Range (Weighted Average) 12/31/2015
Collateral-Dependent Impaired Loans:
Real estate – commercial	$	451	$	1,214	Third Party Appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		12%		(12%)	9%	-	12%	(10%)
Real estate – construction and land development	$	22	$	30	Third Party Appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		10%		(10%)		8%		(8%)
Equity lines of credit	$	83	$	83	Third Party Appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		8%		(8%)		8%		(8%)
Other Real Estate:
Real estate – construction and land development	$	1,517	$	1,516	Third Party Appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	10%	-	36%	(25%)		10%		(10%)
Real estate – commercial	$	1,000	$	156	Third Party Appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		20%		(20%)		10%		(10%)
Equity lines of credit	$	-	$	84	Third Party Appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs		N/A				10%		(10%)