Note 7 - Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

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

(Dollars In Thousands)			Carrying value at September 30, 2014
Description	Balance as of September 30, 2014		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	$	27,192		-	$	27,192		-
Mortgaged-backed securities		11,282		-		11,282		-
Municipal securities		18,188		-		18,188		-

(Dollars In Thousands)			Carrying value at December 31, 2013
Description	Balance as of December 31, 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	$	26,284		-	$	26,284		-
Mortgaged-backed securities		15,361		-		15,361		-
Municipal securities		16,277		-		16,277		-

Fair Value Measurements, Nonrecurring [Table Text Block]

(Dollars In Thousands)			Carrying value at September 30, 2014
Description	Balance as of September 30, 2014		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	$	6		-	$	-	$	6
Other real estate owned		8,686		-		3,475		5,211

(Dollars In Thousands)			Carrying value at December 31, 2013
Description	Balance as of December 31, 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	$	306		-	$	-	$	306
Other real estate owned		8,143		-		3,745		4,398

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

(Dollars In Thousands)	Quantitative information about Level 3 Fair Value Measurements for September 30, 2014
Assets	Fair Value		Valuation Technique(s)	Unobservable input	Range (Weighted Average)
Impaired loans	$	6	Discounted appraised value	Selling cost		20	%	-	20	%	(20	%)
				Discount for lack of marketability and age of appraisal		0	%	-	0	%	(0	%)
Other real estate owned	$	1,457	Discounted appraised value	Selling cost		0	%	-	6	%	(5	%)
				Discount for lack of marketability and age		4	%	-	33	%	(8	%)
	$	3,754	Internal evaluations	Internal evaluations		10	%	-	10	%	(10	%)

(Dollars In Thousands)	Quantitative information about Level 3 Fair Value Measurements for December 31, 2013
Assets	Fair Value		Valuation Technique(s)	Unobservable input	Range (Weighted Average)
Impaired loans	$	306	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		0	%	-	6	%	(5	%)
				Discount for lack of marketability and age		0	%	-	25	%	(9	%)
	$	2,940	Internal evaluations	Internal evaluations		10	%	-	10	%	(10	%)

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

(Dollars In Thousands)			Fair value at September 30, 2014
Description	Carrying value as of September 30, 2014		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	$	14,051	$	12,051	$	-	$	2,028	$	14,079
Federal funds sold		111		111		-		-		111
Securities available-for-sale		56,662		-		56,662		-		56,662
Restricted equity securities		2,577		-		2,577		-		2,577
Loans held for sale		317		-		317		-		317
Loans, net		315,842		-		-		316,414		316,414
Bank owned life insurance		3,595		-		3,595		-		3,595
Accrued income		1,777		-		1,777		-		1,777
Financial liabilities
Total deposits		351,477		-		338,622		-		338,622
Short term borrowings		469		-		469		-		469
FHLB borrowings		22,250		-		22,629		-		22,629
Accrued interest payable		295		-		295		-		295

(Dollars In Thousands)			Fair value at December 31, 2013
Description	Carrying value as of December 31, 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	$	19,537	$	17,537	$	-	$	2,004	$	19,541
Federal funds sold		738		738		-		-		738
Securities available-for-sale		57,922		-		57,922		-		57,922
Restricted equity securities		2,564		-		2,564		-		2,564
Loans, net		294,212		-		-		293,135		293,135
Bank owned life insurance		3,518		-		3,518		-		3,518
Accrued income		1,877		-		1,877		-		1,877
Financial liabilities
Total deposits		339,770		-		327,514		-		327,514
Short term borrowings		258		-		258		-		258
FHLB borrowings		22,000		-		22,560		-		22,560
Accrued interest payable		286		-		286		-		286