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Note 9 - Fair Value Measurements and Disclosures (Tables)
6 Months Ended
Jun. 30, 2016
Notes Tables  
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
                         
                         
June 30, 2016
 
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
    -     $ 3,459       -     $ 3,459  
                                 
Securities available-for-sale
                               
U.S. Government agency securities
    -       60,510       -       60,510  
State and municipal securities
    -       73,888       -       73,888  
U.S. Government agencies and sponsored enterprises (GSEs):
                               
Mortgage-backed securities
    -       129,027       -       129,027  
Collateralized mortgage
obligations (CMOs)
    -       62,545       -       62,545  
Pooled trust preferred securities
    -       -     $ 2,400       2,400  
Corporate debt securities
    -       8,110       -       8,110  
Equity securities
  $ 7,773       -       -       7,773  
Total securities available-for-sale
  $ 7,773     $ 334,080     $ 2,400     $ 344,253  
Total recurring fair value measurements
  $ 7,773     $ 337,539     $ 2,400     $ 347,712  
                                 
Nonrecurring fair value measurements *
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans
  $ -     $ -     $ 1,962     $ 1,962  
Mortgage servicing rights
    -       -       45       45  
Total nonrecurring fair value measurements
  $ -     $ -     $ 2,007     $ 2,007  
                         
                         
December 31, 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
    -     $ 4,189       -     $ 4,189  
                                 
Securities available-for-sale
                               
U.S. Government agency securities
    -       61,779       -       61,779  
State and municipal securities
    -       78,954       -       78,954  
U.S. Government agencies and sponsored enterprises (GSEs):
                               
Mortgage-backed securities
    -       136,681       -       136,681  
Collateralized mortgage
obligations (CMOs)
    -       65,610       -       65,610  
Pooled trust preferred securities
    -       -     $ 2,653       2,653  
Corporate debt securities
    -       9,004       -       9,004  
Equity securities
  $ 7,234       -       -       7,234  
Total securities available-for-sale
  $ 7,234     $ 352,028     $ 2,653     $ 361,915  
Total recurring fair value measurements
  $ 7,234     $ 356,217     $ 2,653     $ 366,104  
                                 
Nonrecurring fair value measurements *
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans
  $ -     $ -     $ 1,698     $ 1,698  
Mortgage servicing rights
    -       -       133       133  
Total nonrecurring fair value measurements
  $ -     $ -     $ 1,831     $ 1,831  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
 
 
Quantitative information about Level 3 fair value measurements
 
June 30, 2016
 
Fair value
   
Valuation
techniques
 
Unobservable
input
 
Value or range
of values
 
Impaired loans
  $ 972    
Appraisal of collateral (1)
 
Appraisal adjustments (2)
    -10% to -70%  
               
Liquidation expenses (3)
      -10%    
Impaired loans
    115    
Used commercial vehicle and equipment guides
 
Guide value discounts (4)
    0% to -40%  
Impaired loans
    125    
Financial statement values for UCC collateral
 
Financial statement value discounts (5)
      -25%    
Impaired loans
    750    
Agreement of
sale (6)
               
Mortgage servicing rights
    45    
Discounted cash flow
 
Remaining term
    3 - 27yrs  
               
Discount rate
    10% to 12%  
 
 
Quantitative information about Level 3 fair value measurements
 
December 31, 2015
 
Fair value
 
Valuation
techniques
 
Unobservable
input
 
Value or range
of values
 
Impaired loans
  $ 1,331  
Appraisal of collateral (1)
 
Appraisal adjustmen
ts (2)
    -15% to -80%  
             
Liquidation expenses (3)
      -10%    
Impaired loans
    199  
Used commercial vehicle and equipment guides
 
Guide value discounts (4)
    0% to -30%  
Impaired loans
    168  
Financial statement values for UCC collateral
 
Financial statement value discounts (5)
    -25% to -70%  
Mortgage servicing rights
    133  
Discounted
cash flow
 
Remaining term
    3 - 28yrs  
             
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, 2016
  $ 2,653  
Payments received
    (197 )
Total gains or losses (realized/unrealized):
       
Included in earnings
    -  
Included in other comprehensive income (loss)
    (56 )
Transfers in and/or out of Level 3
    -  
Balance, June 30, 2016
  $ 2,400  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 
 
 
 
 
 
 
 
 
 
Fair value measurements
 
June 30, 2016
 
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
  $ 57,949     $ 57,949     $ 57,949       -       -  
Investment securities:
                                       
Trading
    3,459       3,459       -     $ 3,459       -  
Available-for-sale
    344,253       344,253       7,773       334,080     $ 2,400  
Held-to-maturity
    147       149       -       149       -  
Restricted investment in bank stocks
    522       522       -       522       -  
Loans held-for-sale
    184       191       -       191       -  
Net loans
    596,928       607,603       -       -       607,603  
Mortgage servicing rights
    495       578       -       -       578  
Accrued interest receivable
    2,376       2,376       -       2,376       -  
                                         
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits with no stated maturities
  $ 664,912     $ 664,912     $ 664,912       -     $ -  
Deposits with stated maturities
    228,373       231,803       -     $ 231,803       -  
Short-term borrowings
    36,693       36,693       36,693       -       -  
Accrued interest payable
    330       330       -       330       -  
                                         
Off-balance sheet instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments to extend credit
  $ -     $ -     $ -     $ -     $ -  
Standby letters of credit
    -       -       -       -       -  
 
 
 
 
 
 
 
 
 
 
Fair value measurements
 
December 31, 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
  $ 16,991     $ 16,991     $ 16,991       -       -  
Investment securities:
                                       
Trading
    4,189       4,189       -     $ 4,189       -  
Available-for-sale
    361,915       361,915       7,234       352,028     $ 2,653  
Held-to-maturity
    147       151       -       151       -  
Restricted investment in bank stocks
    508       508       -       508       -  
Loans held-for-sale
    987       1,004       -       1,004       -  
Net loans
    607,716       610,315       -       -       610,315  
Mortgage servicing rights
    504       642       -       -       642  
Accrued interest receivable
    2,562       2,562       -       2,562       -  
                                         
Financial liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits with no stated maturities
  $ 662,410     $ 662,410     $ 662,410       -     $ -  
Deposits with stated maturities
    227,376       227,862       -     $ 227,862       -  
Short-term borrowings
    37,163       37,163       37,163       -       -  
Accrued interest payable
    330       330       -       330       -  
                                         
Off-balance sheet instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commitments to extend credit
  $ -     $ -     $ -     $ -     $ -  
Standby letters of credit
    -       -       -       -       -