Note 9 - Fair Value Measurements and Disclosures (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

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

September 30, 2015	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	$	-	$	3,625	$	-	$	3,625
Securities available-for-sale
U.S. Government agency securities		-	$	57,490		-	$	57,490
State and municipal securities		-		83,042		-		83,042
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities		-		133,281		-		133,281
Collateralized mortgage obligations (CMOs)		-		73,034		-		73,034
Pooled trust preferred securities		-		-	$	2,600		2,600
Corporate debt securities		-		6,029		-		6,029
Equity securities	$	7,092		-		-		7,092
Total securities available-for-sale	$	7,092	$	352,876	$	2,600	$	362,568
Total recurring fair value measurements	$	7,092	$	356,501	$	2,600	$	366,193
Nonrecurring fair value measurements
Impaired loans	$	-	$	-	$	903	$	903
Mortgage servicing rights		-		-		135		135
Total nonrecurring fair value measurements	$	-	$	-	$	1,038	$	1,038

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 securities	$	-	$	4,207	$	-	$	4,207
Securities available-for-sale
U.S. Government agency securities		-	$	62,665		-	$	62,665
State and municipal securities		-		72,569		-		72,569
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities		-		136,192		-		136,192
Collateralized mortgage obligations (CMOs)		-		87,662		-		87,662
Pooled trust preferred securities		-		-	$	2,439		2,439
Corporate debt securities		-		6,037		-		6,037
Equity securities	$	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

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
September 30, 2015 - Impaired loans	$	793	Appraisal of collateral (1)	Appraisal adjustments (2)		-10% to -100	%
				Liquidation expenses (3)		-10	%
September 30, 2015 - Impaired loans		110	Discounted cash flow (4)	Discount rate		6.375	%
September 30, 2015 - Mortgage servicing rights		135	Discounted cash flow	Remaining term		2 - 23 yrs
				Discount rate		10% to 12	%

	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	%

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, 2015	$	2,439
Payments received		(110	)
Total gains or losses (realized/unrealized)
Included in earnings		-
Included in other comprehensive income		271
Transfers in and/or out of Level 3		-
Balance, September 30, 2015	$	2,600

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

					Fair value measurements
September 30, 2015	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	$	69,704	$	69,704	$	69,704		-		-
Investment securities:
Trading		3,625		3,625		-	$	3,625		-
Available-for-sale		362,568		362,568		7,092		352,876	$	2,600
Held-to-maturity		147		153		-		153		-
Restricted investment in bank stocks		508		508		-		508		-
Loans held-for-sale		320		333		-		333		-
Net loans		574,586		579,168		-		-		579,168
Mortgage servicing rights		522		653		-		-		653
Accrued interest receivable		2,555		2,555		-		2,555		-
Financial liabilities
Deposits with no stated maturities	$	679,580	$	679,580	$	679,580		-	$	-
Deposits with stated maturities		229,094		230,844		-	$	230,844		-
Short-term borrowings		32,588		32,588		32,588		-		-
Accrued interest payable		323		323		-		323		-
Off-balance sheet instruments
Commitments to extend credit	$	-	$	-	$	-	$	-	$	-
Standby letters of credit		-		-		-		-		-

					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		-		-		-		-		-