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Note 9 - Fair Value Measurements and Disclosures (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

March 31, 2014		Quoted prices in active markets for identical assets (Level 1)				Significant other observable input (Level 2)				Significant unobservable inputs (Level 3)				Balance at end of period
Recurring fair value measurements
Trading Securities
State and municipal securities			-			$	4,485				-			$	4,485
Securities available-for-sale
U.S. Government agency securities			-				62,094				-				62,094
State and municipal securities			-				80,235				-				80,235
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities			-				129,762				-				129,762
Collateralized mortgage obligations (CMOs)			-				72,330				-				72,330
Pooled trust preferred securities			-				-			$	2,238				2,238
Corporate debt securities			-				6,050				-				6,050
Equity securities		$	6,743				-				-				6,743
Total securities available-for-sale		$	6,743			$	350,471			$	2,238			$	359,452
Total recurring fair value measurements		$	6,743			$	354,956			$	2,238			$	363,937

Nonrecurring fair value measurements
Impaired loans			-				-			$	2,528			$	2,528
Mortgage servicing rights			-				-				509				509
Total nonrecurring fair value measurements		$	-			$	-			$	3,037			$	3,037

December 31, 2013		Quoted prices in active markets for identical assets (Level 1)				Significant other observable input (Level 2)				Significant unobservable inputs (Level 3)				Balance at end of period
Recurring fair value measurements
Securities available-for-sale
U.S. Government agency securities			-			$	71,639				-			$	71,639
State and municipal securities			-				87,199				-				87,199
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities			-				139,723				-				139,723
Collateralized mortgage obligations (CMOs)			-				75,394				-				75,394
Pooled trust preferred securities			-				-			$	2,069				2,069
Corporate debt securities			-				6,021				-				6,021
Equity securities		$	6,625				-				-				6,625
Total securities available-for-sale		$	6,625			$	379,976			$	2,069			$	388,670
Total recurring fair value measurements		$	6,625			$	379,976			$	2,069			$	388,670

Nonrecurring fair value measurements
Impaired loans		$	-			$	-			$	3,107			$	3,107
Mortgage servicing rights			-				-				519				519
Total nonrecurring fair value measurements		$	-			$	-			$	3,626			$	3,626

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

		Quantitative information about Level 3 fair value measurements
March 31, 2014		Fair value			Valuation techniques		Unobservable input		Value or range of values
Impaired loans		$	2,528		Appraisal of collateral (1)		Appraisal adjustments (2)			-10% to -30	%
							Liquidation expenses (2)			0% to -10	%
Mortgage servicing rights		$	509		Discounted cash flow		Remaining term		3 - 29		yrs
							Discount rate			10% to 12	%

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

		Fair value measurements using significant unobservable inputs (Level 3)
Balance, January 1, 2014		$	2,069
Settlements			-
Total gains or losses (realized/unrealized)
Included in earnings			-
Included in other comprehensive income			169
Transfers in and/or out of Level 3			-
Balance, March 31, 2014		$	2,238

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

										Fair value measurements
March 31, 2014		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)
Financial assets
Cash and cash equivalents		$	22,341			$	22,341			$	22,341				-				-
Investment securities:
Trading			4,485				4,485				-			$	4,485				-
Available-for-sale			359,452				359,452				6,743				350,471			$	2,238
Held-to-maturity			146				161				-				161				-
Restricted investment in bank stocks			1,764				1,764				1,764				-				-
Net loans			513,037				513,395				-				-				513,395
Mortgage servicing rights			509				630				-				-				630
Accrued interest receivable			2,602				2,602				-				2,602				-

Financial liabilities
Deposits with no stated maturities		$	575,163			$	575,163			$	575,163				-			$	-
Deposits with stated maturities			239,071				241,015				-			$	241,015				-
Short-term borrowings			32,935				32,935				32,935				-				-
Long-term debt			5,000				5,000				-				5,000				-
Accrued interest payable			374				374				-				374				-

Off-balance sheet instruments
Commitments to extend credit		$	-			$	-			$	-			$	-			$	-
Standby letters of credit			-				-				-				-				-

										Fair value measurements
December 31, 2013		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)
Financial assets
Cash and cash equivalents		$	16,286			$	16,286			$	16,286				-				-
Investment securities available-for-sale			388,670				388,670				6,625			$	379,976			$	2,069
Investment securities held-to-maturity			146				162				-				162				-
Restricted investment in bank stocks			1,764				1,764				1,764				-				-
Net loans			492,791				491,635				-				-				491,635
Mortgage servicing rights			519				643				-				-				643
Accrued interest receivable			2,579				2,579				-				2,579				-

Financial liabilities
Deposits with no stated maturities		$	574,987			$	574,987			$	574,987				-			$	-
Deposits with stated maturities			239,545				241,959				-			$	241,959				-
Short-term borrowings			35,156				35,156				35,156				-				-
Long-term debt			5,000				5,056				-				5,056				-
Accrued interest payable			392				392				-				392				-

Off-balance sheet instruments
Commitments to extend credit		$	-			$	-			$	-			$	-			$	-
Standby letters of credit			-				-				-				-				-

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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