Note 7 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

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

(Dollars In Thousands)			Carrying value at September 30, 2015
Description	Balance as of September 30, 2015		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	$	24,583	$	–	$	24,583	$	–
Mortgaged-backed securities		8,870		–		8,870		–
Municipal securities		17,233		–		17,233		–

(Dollars In Thousands)			Carrying value at December 31, 2014
Description	Balance as of December 31, 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	$	26,965	$	–	$	26,965	$	–
Mortgaged-backed securities		9,739		–		9,739		–
Municipal securities		17,899		–		17,899		–

Fair Value Measurements, Nonrecurring [Table Text Block]

(Dollars In Thousands)			Carrying value at September 30, 2015
Description	Balance as of September 30, 2015		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	$	–	$	–	$	–	$	–
Loans held for sale		394		–		394		–
Other real estate owned		6,708		–		328		6,380

(Dollars In Thousands)			Carrying value at December 31, 2014
Description	Balance as of December 31, 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	$	–	$	–	$	–	$	–
Loans held for sale		242		–		242		–
Other real estate owned		6,986		–		3,255		3,731

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

(Dollars In Thousands)	Quantitative information about Level 3 Fair Value Measurements for September 30, 2015
Assets	Fair Value		Valuation Technique(s)	Unobservable input	Range (Weighted Average)
Impaired loans	$	–	Discounted appraised value	Selling cost	6%	-	6%	(6%)
				Discount for lack of marketability and age of appraisal	94%	-	94%	(94%)
Other real estate owned	$	4,245	Discounted appraised value	Selling cost	6%	-	6%	(6%)
				Discount for lack of marketability and age of appraisal	0%	-	20%	(10%)
	$	2,135	Internal evaluations	Internal evaluations	4%	-	39%	(14%)

(Dollars In Thousands)	Quantitative information about Level 3 Fair Value Measurements for December 31, 2014
Assets	Fair Value		Valuation Technique(s)	Unobservable input	Range (Weighted Average)
Impaired loans	$	–	Discounted appraised value	Selling cost	6%	-	6%	(6%)
				Discount for lack of marketability and age of appraisal	94%	-	94%	(94%)
Other real estate owned	$	1,458	Discounted appraised value	Selling cost	6%	-	6%	(6%)
				Discount for lack of marketability and age of appraisal	4%	-	4%	(4%)
	$	2,273	Internal evaluations	Internal evaluations	0%	-	33%	(11%)

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

(Dollars In Thousands)			Fair value at September 30, 2015
Description	Carrying value as of September 30, 2015		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	$	30,377	$	28,377	$	2,008	$	–	$	30,385
Federal funds sold		1,675		1,675		–		–		1,675
Securities available-for-sale		50,686		–		50,686		–		50,686
Restricted equity securities		2,694		–		2,694		–		2,694
Loans held for sale		394		–		394		–		394
Loans, net		356,847		–		–		360,535		360,535
Bank owned life insurance		6,242		–		6,242		–		6,242
Accrued income		1,873		–		1,873		–		1,873
Financial liabilities
Total deposits		400,227		–		400,788		–		400,788
FHLB borrowings		24,900		–		25,171		–		25,171
Other borrowings		861		–		861		–		861
Accrued interest payable		439		–		439		–		439

(Dollars In Thousands)			Fair value at December 31, 2014
Description	Carrying value as of December 31, 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	$	13,795	$	11,794	$	2,012	$	-	$	13,806
Federal funds sold		649		649		-		-		649
Securities available-for-sale		54,603		-		54,603		-		54,603
Restricted equity securities		2,476		-		2,476		-		2,476
Loans held for sale		242		-		242		-		242
Loans, net		328,347		-		-		332,167		332,167
Bank owned life insurance		3,622		-		3,622		-		3,622
Accrued income		1,924		-		1,924		-		1,924
Financial liabilities
Total deposits		362,595		-		350,418		-		350,418
FHLB borrowings		20,000		-		20,356		-		20,356
Other borrowings		422		-		422		-		422
Accrued interest payable		272		-		272		-		272