Note 7 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

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

(Dollars In Thousands)			Carrying value at September 30, 2013
Description	Balance as of September 30, 2013		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 agency securities	$	27,417		$	27,417
Mortgaged-backed securities		16,336			16,336
Municipal securities		15,856			15,856

(Dollars In Thousands)			Carrying value at December 31, 2012
Description	Balance as of December 31, 2012		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 agency securities	$	29,842		$	29,842
Mortgaged-backed securities		21,984			21,984
Municipal securities		11,640			11,640
Derivative assets		67			67
Liabilities:
Derivative liabilities	$	67		$	67

Fair Value Measurements, Nonrecurring [Table Text Block]

(Dollars In Thousands)			Carrying value at September 30, 2013
Description	Balance as of September 30, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Impaired Loans, net of valuation allowance	$	309	$	-	$	309	$	-
Other real estate owned, net of valuation allowance		8,400		-		6,407		1,993

(Dollars In Thousands)			Carrying value at December 31, 2012
Description	Balance as of December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Impaired Loans, net of valuation allowance	$	1,130	$	-	$	62	$	1,068
Other real estate owned, net of valuation allowance		8,938		-		4,382		4,556

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

(Dollars In Thousands)	Quantitative information about Level 3 Fair Value Measurements for September 30, 2013
Assets	Fair Value		Valuation Technique(s)	Unobservable input	Range (Weighted Average)
Impaired loans	$	309	Discounted appraised value	Selling cost	10%	-	10%	(10%)
				Discount for lack of marketability and age of appraisal	32%	-	32%	(32%)
Other real estate owned	$	1,458	Discounted appraised value	Selling cost	6%	-	6%	(6%)
				Discount for lack of marketability and age	4%	-	4%	(4%)
	$	535	Internal evaluations	Internal evaluations	0%	-	25%	(4%)

(Dollars In Thousands)	Quantitative information about Level 3 Fair Value Measurements for December 31, 2012
Assets	Fair Value		Valuation Technique(s)	Unobservable input	Range (Weighted Average)
Impaired loans	$	1,068	Discounted appraised value	Selling cost	6%	-	10%	(10%)
				Discount for lack of marketability and age of appraisal	0%	-	10%	(7%)
Other real estate owned	$	2,177	Discounted appraised value	Selling cost	6%	-	10%	(10%)
				Discount for lack of marketability and age	0%	-	30%	(1%)
	$	2,379	Internal evaluations	Internal evaluations	10%	-	50%	(13%)

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

(Dollars In Thousands)			Fair value at September 30, 2013
Description	Carrying value as of September 30, 2013		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Approximate Fair Values
Financial assets
Cash and due from banks	$	14,464	$	12,464			$	1,999	$	14,463
Federal funds sold		1,420		1,420						1,420
Securities available-for-sale		59,609				59,609				59,609
Restricted equity securities		2,414				2,414				2,414
Loans, net		283,640						284,832		284,832
Accrued income		1,781				1,781				1,781
Financial liabilities
Total deposits		325,368				325,614				325,614
Short term borrowings		522				522				522
FHLB borrowings		19,000				19,615				19,615
Accrued interest payable		309				309				309

(Dollars In Thousands)			Fair value at December 31, 2012
Description	Carrying value as of December 31, 2012		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Approximate Fair Values
Financial assets
Cash and due from banks	$	9,812	$	9,812					$	9,812
Federal funds sold		196		196						196
Securities available-for-sale		63,466				63,466				63,466
Restricted equity securities		2,591				2,591				2,591
Loans, net		271,147						272,981		272,981
Accrued income		1,590				1,590				1,590
Derivative assets		67				67				67
Financial liabilities
Total deposits		309,997				310,453				310,453
Short term borrowings		216				216				216
FHLB borrowings		22,000				22,862				22,862
Accrued interest payable		332				332				332
Derivative liabilities		67				67				67