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Note 17 - Fair Value Measurements and Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

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


December 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			-			$	4,207				-			$	4,207
Securities available-for-sale
U.S. Government agency			-				62,665				-				62,665
State and municipal			-				72,569				-				72,569
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed			-				136,192				-				136,192
Collateralized mortgage obligations (CMOs)			-				87,662				-				87,662
Pooled trust preferred			-				-			$	2,439				2,439
Corporate debt			-				6,037				-				6,037
Equity		$	7,655				-				-				7,655
Total securities available-for-sale		$	7,655			$	365,125			$	2,439			$	375,219
Total recurring fair value measurements		$	7,655			$	369,332			$	2,439			$	379,426

Nonrecurring fair value measurements
Impaired loans		$	-			$	-			$	3,715			$	3,715
Mortgage servicing rights			-				-				112				112
Total nonrecurring fair value measurements		$	-			$	-			$	3,827			$	3,827


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			-			$	71,639				-			$	71,639
State and municipal			-				87,199				-				87,199
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed			-				139,723				-				139,723
Collateralized mortgage obligations (CMOs)			-				75,394				-				75,394
Pooled trust preferred			-				-			$	2,069				2,069
Corporate debt			-				6,021				-				6,021
Equity		$	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			-				-				192				192
Total nonrecurring fair value measurements		$	-			$	-			$	3,299			$	3,299

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


		Quantitative information about Level 3 fair value measurements
		Fair value			Valuation techniques	Unobservable input		Value or range of values
December 31, 2014 - Impaired loans		$	953		Appraisal of collateral (1)	Appraisal adjustments (2)			-20% to -100	%
						Liquidation expenses (3)			-10	%
December 31, 2014 - Impaired loans		$	112		Discounted cash flow (4)	Discount rate			6.375	%
December 31, 2014 - Impaired loans		$	2,650		Agreement of sale (5)
December 31, 2014 - Mortgage servicing rights		$	112		Discounted cash flow	Remaining term		2 - 28 yrs
						Discount rate			10% to 12	%
December 31, 2013 - Impaired loans		$	3,107		Appraisal of collateral (1)	Appraisal adjustments (2)			-10% to -30	%
						Liquidation expenses (3)			0%-10	%
December 31, 2013 - Mortgage servicing rights		$	192		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)
Securities available-for-sale		2014				2013
Balance, beginning of year		$	2,069			$	1,962
Settlements			-				-
Total gains or losses (realized/unrealized)
Included in earnings			-				-
Included in other comprehensive income			370				107
Transfers in and/or out of Level 3			-				-
Balance, end of year		$	2,439			$	2,069

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


										Fair value measurements
December 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		$	18,245			$	18,245			$	18,245				-				-
Investment securities:
Trading			4,207				4,207				-			$	4,207				-
Available-for-sale			375,219				375,219				7,655				365,125			$	2,439
Held-to-maturity			146				156				-				156				-
Restricted investment in bank stocks			647				647				-				647				-
Loans held-for-sale			380				394				-				394				-
Net loans			547,281				544,126				-				-				544,126
Mortgage servicing rights			504				601				-				-				601
Accrued interest receivable			2,568				2,568				-				2,568				-

Financial liabilities
Deposits with no stated maturities		$	608,345			$	608,345			$	608,345				-			$	-
Deposits with stated maturities			243,247				244,152				-			$	244,152				-
Short-term borrowings			35,189				35,189				35,189				-				-
Accrued interest payable			344				344				-				344				-

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
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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