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Note 6 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements Using

 

(In thousands)


Available For Sale Investment Securities

 

Fair Value

   

Quoted Prices in

Active Markets for Identical Assets
(Level 1)

   

Significant Other

Observable Inputs
(Level 2)

   

Significant

Unobservable Inputs
(Level 3)

 
                                 

June 30, 2013

                               

Obligations of U.S. government-sponsored entities

  $ 77,925     $ -     $ 77,925     $ -  

Obligations of states and political subdivisions

    129,701       -       129,701       -  

Mortgage-backed securities – residential

    346,345       -       346,345       -  

Corporate debt securities

    5,837       -       5,837       -  

Mutual funds and equity securities

    1,698       1,698       -       -  

Total

  $ 561,506     $ 1,698     $ 559,808     $ -  
           

Fair Value Measurements Using

 

(In thousands)


Available For Sale Investment Securities

 

Fair Value

   

Quoted Prices in

Active Markets for Identical Assets
(Level 1)

   

Significant Other

Observable Inputs
(Level 2)

   

Significant

Unobservable Inputs
(Level 3)

 
                                 

December 31, 2012

                               

Obligations of U.S. government-sponsored entities

  $ 76,095     $ -     $ 76,095     $ -  

Obligations of states and political subdivisions

    118,755       -       118,755       -  

Mortgage-backed securities – residential

    370,439       -       370,439       -  

Corporate debt securities

    5,826       -       5,826       -  

Mutual funds and equity securities

    1,993       1,993       -       -  

Total

  $ 573,108     $ 1,993     $ 571,115     $ -  
Fair Value Measurements, Nonrecurring [Table Text Block]
           

Fair Value Measurements Using

 

(In thousands)


Description

 

Fair Value

   

Quoted Prices in Active Markets for Identical Assets
(Level 1)

   

Significant Other Observable Inputs
(Level 2)

   

Significant Unobservable Inputs
(Level 3)

 
                                 

June 30, 2013

                               

Collateral-dependent Impaired Loans

                               

Real estate – construction and land development

  $ 339     $ -     $ -     $ 339  

Real estate mortgage – residential

    3,720       -       -       3,720  

Real estate mortgage – farmland and other commercial enterprises

    2,669       -       -       2,669  

Commercial and industrial

    85       -       -       85  

Total

  $ 6,813     $ -     $ -     $ 6,813  
                                 

OREO

                               

Real estate – construction and land development

  $ 7,911     $ -     $ -     $ 7,911  

Real estate mortgage – residential

    1,573       -       -       1,573  

Real estate mortgage – farmland and other commercial enterprises

    6,205       -       -       6,205  

Total

  $ 15,689     $ -     $ -     $ 15,689  
           

Fair Value Measurements Using

 

(In thousands)


Description

 

Fair Value

   

Quoted Prices in Active Markets for Identical Assets
(Level 1)

   

Significant Other Observable Inputs
(Level 2)

   

Significant Unobservable Inputs
(Level 3)

 
                                 

December 31, 2012

                               

Collateral-dependent Impaired Loans

                               

Real estate – construction and land development

  $ 17,921     $ -     $ -     $ 17,921  

Real estate mortgage – residential

    2,273       -       -       2,273  

Real estate mortgage – farmland and other commercial enterprises

    3,523       -       -       3,523  

Commercial and industrial

    9       -       -       9  

Consumer – secured

    4       -       -       4  

Consumer – unsecured

    113       -       -       113  

Total

  $ 23,843     $ -     $ -     $ 23,843  
                                 

OREO

                               

Real estate – construction and land development

  $ 15,873     $ -     $ -     $ 15,873  

Real estate mortgage – residential

    1,483       -       -       1,483  

Real estate mortgage – farmland and other commercial enterprises

    3,826       -       -       3,826  

Total

  $ 21,182     $ -     $ -     $ 21,182  
Asset Impairment Charges [Text Block]
   

Three Months Ended

June 30,

   

Six Months Ended

June 30,

 

(In thousands)

 

2013

   

2012

   

2013

   

2012

 

Impairment charges:

                               

Collateral-dependent impaired loans

  $ 839     $ 1,398     $ 1,210     $ 5,233  

OREO

    1,005       641       1,694       1,150  

Total

  $ 1,844     $ 2,039     $ 2,904     $ 6,383  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

(In thousands)

 

Fair Value at
June 30, 2013

 

Valuation Technique

Unobservable Inputs

 

Range

 

Average

 

Collateral-dependent impaired loans

  $ 6,813  

Discounted appraisals

Marketability discount

  0% - 24.6%     1.4 %

OREO

  $ 15,689  

Discounted appraisals

Marketability discount

  1.0% - 50.0%     4.5 %
Fair Value, by Balance Sheet Grouping [Table Text Block]
                   

Fair Value Measurements Using

 

(In thousands)

 

Carrying
Amount

   

Fair
Value

   

Quoted Prices in Active Markets for Identical Assets
(Level 1)

   

Significant Other Observable Inputs
(Level 2)

   

Significant Unobservable Inputs
(Level 3)

 

June 30, 2013

                                       

Assets

                                       

Cash and cash equivalents

  $ 97,589     $ 97,589     $ 97,589     $ -     $ -  

Held to maturity investment securities

    820       910       -       910       -  

Loans, net

    981,823       981,038       -       -       981,038  

Accrued interest receivable

    5,755       5,755       -       5,755       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,516    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,402,515       1,405,324       893,438       -       511,886  

Federal funds purchased and other short-term borrowings

    28,810       28,810       -       28,810       -  

Securities sold under agreements to repurchase and other long-term borrowings

    127,204       141,631       -       141,631       -  

Subordinated notes payable to unconsolidated trusts

    48,970       24,146       -       -       24,146  

Accrued interest payable

    1,310       1,310       -       1,310       -  
                                         

December 31, 2012

                                       

Assets

                                       

Cash and cash equivalents

  $ 95,855     $ 95,855     $ 95,855     $ -     $ -  

Held to maturity investment securities

    820       956       -       956       -  

Loans, net

    980,550       979,301       -       -       979,301  

Accrued interest receivable

    6,074       6,074       -       6,074       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,516    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,410,810       1,414,395       870,145       -       544,250  

Federal funds purchased and other short-term borrowings

    24,083       24,083       -       24,083       -  

Securities sold under agreements to repurchase and other long-term borrowings

    129,297       148,680       -       148,680       -  

Subordinated notes payable to unconsolidated trusts

    48,970       21,015       -       -       21,015  

Accrued interest payable

    1,370       1,370       -       1,370       -