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Note 12 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2015
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)

 
                                 

September 30, 2015

                               

Obligations of U.S. government-sponsored entities

  $ 126,684     $ -     $ 126,684     $ -  

Obligations of states and political subdivisions

    145,910       -       145,910       -  

Mortgage-backed securities – residential

    313,260       -       313,260       -  

Mortgage-backed securities – commercial

    16,074       -       16,074       -  

Corporate debt securities

    6,030       -       6,030       -  

Mutual funds and equity securities

    552       552       -       -  

Total

  $ 608,510     $ 552     $ 607,958     $ -  
           

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, 2014

                               

Obligations of U.S. government-sponsored entities

  $ 109,448     $ -     $ 109,448     $ -  

Obligations of states and political subdivisions

    135,766       -       135,766       -  

Mortgage-backed securities – residential

    370,489       -       370,489       -  

Mortgage-backed securities – commercial

    2,512       -       2,512       -  

Corporate debt securities

    6,307       -       6,307       -  

Mutual funds and equity securities

    1,866       1,866       -       -  

Total

  $ 626,388     $ 1,866     $ 624,522     $ -  
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)

 
                                 

September 30, 2015

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage – construction and land development

  $ 227                     $ 227  

Real estate mortgage – residential

    678     $ -     $ -       678  

Total

  $ 905     $ -     $ -     $ 905  
                                 

OREO

                               

Construction and land development

  $ 857     $ -     $ -     $ 857  

Residential real estate

    475       -       -       475  

Farmland and other commercial enterprises

    1,614       -       -       1,614  

Total

  $ 2,946     $ -     $ -     $ 2,946  
           

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, 2014

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage – construction and land development

  $ 284     $ -     $ -     $ 284  

Real estate mortgage – residential

    946       -       -       946  

Real estate mortgage – farmland and other commercial enterprises

    340       -       -       340  

Total

  $ 1,570     $ -     $ -     $ 1,570  
                                 

OREO

                               

Construction and land development

  $ 8,123     $ -     $ -     $ 8,123  

Residential real estate

    863       -       -       863  

Farmland and other commercial enterprises

    5,459       -       -       5,459  

Total

  $ 14,445     $ -     $ -     $ 14,445  
Asset Impairment Charges on Assets Nonrecurring [Table Text Block]
   

Three Months Ended

   

Nine Months Ended

 
   

September 30,

   

September 30,

 

(In thousands)

 

2015

   

2014

   

2015

   

2014

 

Impairment charges:

                               

Collateral-dependent impaired loans

  $ 24     $ 395     $ 45     $ 611  

OREO

    29       662       276       1,549  

Total

  $ 53     $ 1,057     $ 321     $ 2,160  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

(In thousands)

 

Fair Value at
September 30,

2015

   

Valuation Technique

 

Unobservable Inputs

 

Range

   

Average

 

Collateral-dependent impaired loans

  $ 905    

Discounted appraisals

 

Marketability discount

  0% - 8.0 %     6.0 %

OREO

  $ 2,946    

Discounted appraisals

 

Marketability discount

  2.3% - 26.9 %     6.1 %
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)

 

September 30, 2015

                                       

Assets

                                       

Cash and cash equivalents

  $ 107,855     $ 107,855     $ 107,855     $ -     $ -  

Held to maturity investment securities

    3,689       3,893       -       3,893       -  

Loans, net

    923,868       922,241       -       -       922,241  

Accrued interest receivable

    5,246       5,246       -       5,246       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,368    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,356,468       1,357,045       1,016,440       -       340,605  

Federal funds purchased and other short-term borrowings

    34,757       34,757       -       34,757       -  

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

    120,115       128,505       -       128,505       -  

Subordinated notes payable to unconsolidated trusts

    48,970       29,203       -       -       29,203  

Accrued interest payable

    859       859       -       859       -  
                                         

December 31, 2014

                                       

Assets

                                       

Cash and cash equivalents

  $ 100,914     $ 100,914     $ 100,914     $ -     $ -  

Held to maturity investment securities

    3,728       3,923       -       3,923       -  

Loans, net

    917,975       918,697       -       -       918,697  

Accrued interest receivable

    5,625       5,625       -       5,625       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,368    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,387,161       1,388,614       991,630       -       396,984  

Federal funds purchased and other short-term borrowings

    28,590       28,590       -       28,590       -  

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

    119,724       129,244       -       129,244       -  

Subordinated notes payable to unconsolidated trusts

    48,970       22,594       -       -       22,594  

Accrued interest payable

    944       944       -       944       -