Note 9 - Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2017

Notes Tables

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

			Fair Value Measurements at June 30, 2017 Using:
	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	68,851	$	68,851					$	68,851
Investment securities		112,329			$	112,329				112,329
Loans, net		471,418					$	471,540		471,540
FHLB stock		2,685								N/A
Accrued interest receivable		2,059		11		463		1,585		2,059
Financial liabilities:
Deposits		616,159		569,729		46,444				616,173
Repurchase agreements		4,325				4,325				4,325
Junior subordinated deferrable interest debentures		10,310						7,680		7,680
Accrued interest payable		58		9		36		13		58

			Fair Value Measurements at December 31, 2016 Using:
	Carrying Value		Level 1		Level 2		Level 3		Total Fair Value
Financial assets:
Cash and cash equivalents	$	62,646	$	62,646					$	62,646
Investment securities		101,595			$	101,595				101,595
Loans, net		456,580					$	459,618		459,618
FHLB stock		2,438								N/A
Accrued interest receivable		2,312		7		398		1,907		2,312
Financial liabilities:
Deposits		582,353		532,750		49,586				582,336
Repurchase agreements		7,547				7,547				7,547
Note payable		2,375						2,375		2,375
Junior subordinated deferrable interest debentures		10,310						7,762		7,762
Accrued interest payable		59		9		36		14		59

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

			Fair Value Measurements at June 30 , 2017 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 collateralized by mortgage obligations- residential	$	80,416			$	80,416
Obligations of states and political subdivisions		31,913				31,913
	$	112,329	$	-	$	112,329	$	-

			Fair Value Measurements at December 31, 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 collateralized by mortgage obligations- residential	$	74,911			$	74,911
Obligations of states and political subdivisions		26,684				26,684
	$	101,595	$	-	$	101,595	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

			Fair Value Measurements at June 30, 2017 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)		Total Gains (Losses) Six Months Ended June 30, 2017
Assets:
Impaired loans:
Real estate – commercial	$	450	$	-	$	-	$	450	$	5
Equity lines of credit		102						102		(19	)
Total impaired loans		552		-		-		552		(14	)
Other real estate:
Real estate – residential		10						10		-
Real estate – commercial		193						193		(9	)
Real estate – construction and land development		641						641		-
Total other real estate		844		-		-		844		(9	)
	$	1,396	$	-	$	-	$	1,396	$	(23	)

			Fair Value Measurements at December 31, 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)		Total Gains (Losses) Six Months Ended June 30, 2016
Assets:
Impaired loans:
Real estate – commercial	$	453					$	453	$	(81	)
Equity lines of credit		83						83		1
Total impaired loans		536		-		-		536		(80	)
Other real estate:
Real estate – residential		10						10		-
Real estate – commercial		84						84		(9	)
Real estate – construction and land development		641						641		-
Total other real estate		735		-		-		735		(9	)
	$	1,271	$	-	$	-	$	1,271	$	(89	)

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

Description	Fair Value 6/30/2017		Fair Value 12/31/201 6		Valuation Technique	Significant Unobservable Input	Range (Weighted Average) 6/30/2017				Range (Weighted Average) 12/31/201 6
Impaired Loans:
RE – Commercial	$	45 0	$	453	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs			12%	(12%)			12%	(12%)
Equity Lines of Credit	$	102	$	83	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	8%	-	10 %	( 8%)			8%	(8%)
Other Real Estate:
RE – Residential	$	10	$	10	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs			48%	(48%)			48%	(48%)
RE – Commercial	$	193	$	84	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs			7 %	( 7%)			4 0%	( 40%)
Land and Construction	$	641	$	641	Third Party appraisals	Management Adjustments to Reflect Current Conditions and Selling Costs	10%	-	36%	(33%)	10%	-	36%	(33%)