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Note 13 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2018
Notes Tables  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
           
Fair Value Measurements Using
 
(In thousands)


June
3
0
, 2018
 
Fair Value
   
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
   
Significant Other
Observable Inputs
(Level 2)
   
Significant
Unobservable
Inputs
(Level 3)
 
                                 
Available For Sale Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities
  $
33,824
    $
-
    $
33,824
    $
-
 
Obligations of states and political subdivisions
   
103,429
     
-
     
103,429
     
-
 
Mortgage-backed securities – residential
   
172,838
     
-
     
172,838
     
-
 
Mortgage-backed securities – commercial
   
46,909
     
-
     
46,909
     
-
 
Asset-backed securities
   
15,499
     
-
     
15,499
     
-
 
Corporate debt securities
   
7,480
     
-
     
7,480
     
-
 
Total available for sale securities
  $
379,979
    $
-
    $
379,979
    $
-
 
Equity Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mutual funds and equity securities
  $
1,573
    $
1,573
    $
-
    $
-
 
                                 
December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                 
Available For Sale Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities
  $
43,208
    $
-
    $
43,208
    $
-
 
Obligations of states and political subdivisions
   
114,249
     
-
     
114,249
     
-
 
Mortgage-backed securities – residential
   
193,393
     
-
     
193,393
     
-
 
Mortgage-backed securities – commercial
   
49,352
     
-
     
49,352
     
-
 
Asset-backed securities
   
15,574
     
-
     
15,574
     
-
 
Corporate debt securities
   
7,542
     
-
     
7,542
     
-
 
Total available for sale securities
  $
423,318
    $
-
    $
423,318
    $
-
 
Equity Securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mutual funds and equity securities
  $
935
    $
935
    $
-
    $
-
 
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
3
0
, 201
8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collateral-dependent
Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage – construction and land development
  $
1,271
    $
-
    $
-
    $
1,271
 
Real estate mortgage – residential
   
4,163
     
-
     
-
     
4,163
 
Total
  $
5,434
    $
-
    $
-
    $
5,434
 
                                 
OREO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
  $
1,074
    $
-
    $
-
    $
1,074
 
Total
  $
1,074
    $
-
    $
-
    $
1,074
 
           
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, 201
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collateral-dependent
Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage – construction and land development
  $
1,553
    $
-
    $
-
    $
1,553
 
Real estate mortgage – residential
   
4,687
     
-
     
-
     
4,687
 
Real estate mortgage – farmland and other commercial enterprises
   
2,645
     
-
     
-
     
2,645
 
Total
  $
8,885
    $
-
    $
-
    $
8,885
 
                                 
OREO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
  $
3,468
    $
-
    $
-
    $
3,468
 
Residential real estate
   
157
     
-
     
-
     
157
 
Farmland and other commercial enterprises
   
821
     
-
     
-
     
821
 
Total
  $
4,446
    $
-
    $
-
    $
4,446
 
Asset Impairment Charges on Assets Nonrecurring [Table Text Block]
   
Three months ended June 30,
   
Six months ended June 30,
 
(In thousands)
 
2018
   
2017
   
2018
   
2017
 
Net decrease in fair value:
                               
Collateral-dependent impaired loans
  $
22
    $
25
    $
47
    $
27
 
OREO
   
462
     
138
     
479
     
202
 
Total
  $
484
    $
163
    $
526
    $
229
 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
(In thousands)
 
Fair Value
 
Valuation Technique
Unobservable Inputs
 
Range
   
Weighted Average
 
June
3
0
, 201
8
 
 
 
 
     
 
 
 
 
 
 
 
 
Collateral-dependent impaired loans
  $
5,434
 
Discounted appraisals
Marketability discount
 
 
-%
 
     
-
%
OREO
  $
1,074
 
Discounted appraisals
Marketability discount
 
 0%
-
6.0%
     
5.3
%
December 31, 201
7
 
 
 
 
     
 
 
 
 
 
 
 
 
Collateral-dependent impaired loans
  $
8,885
 
Discounted appraisals
Marketability discount
 
 0%
-
22.8%
     
3.1
%
OREO
  $
4,446
 
Discounted appraisals
Marketability discount
 
 0%
-
71.7%
     
4.0
%
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
3
0
, 201
8
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
  $
93,246
    $
93,246
    $
93,246
    $
-
    $
-
 
Held to maturity investment securities
   
2,837
     
2,868
     
-
     
2,868
     
-
 
Loans, net
   
1,054,214
     
1,035,437
     
-
     
-
     
1,035,437
 
Accrued interest receivable
   
4,797
     
4,797
     
-
     
4,797
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
12,996
     
12,996
     
-
     
-
     
12,996
 
                                         
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
   
1,334,787
     
1,334,390
     
1,135,600
     
-
     
198,790
 
Securities sold under agreements to repurchase
   
33,532
     
33,534
     
-
     
33,534
     
-
 
Federal Home Loan Bank advances
   
3,392
     
3,439
     
-
     
3,439
     
-
 
Subordinated notes payable to unconsolidated trusts
   
33,506
     
24,301
     
-
     
-
     
24,301
 
Accrued interest payable
   
396
     
396
     
-
     
396
     
-
 
                                         
December 31, 201
7
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
  $
120,408
    $
120,408
    $
120,408
    $
-
    $
-
 
Held to maturity investment securities
   
3,364
     
3,478
     
-
     
3,478
     
-
 
Loans, net
   
1,025,480
     
1,012,959
     
-
     
-
     
1,012,959
 
Accrued interest receivable
   
4,935
     
4,935
     
-
     
4,935
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
13,235
     
13,235
     
-
     
-
     
13,235
 
                                         
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
   
1,379,903
     
1,380,122
     
1,157,045
     
-
     
223,077
 
Securities sold under agreements to repurchase
   
34,252
     
34,257
     
-
     
34,257
     
-
 
Federal Home Loan Bank advances
   
3,479
     
3,546
     
-
     
3,546
     
-
 
Subordinated notes payable to unconsolidated trusts
   
33,506
     
22,709
     
-
     
-
     
22,709
 
Accrued interest payable
   
261
     
261
     
-
     
261
     
-