XML 118 R51.htm IDEA: XBRL DOCUMENT

Note 23 - Fair Value (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure Text Block [Abstract]

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

December 31, 2013		Carrying Amount				Estimated Fair Value				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In thousands of dollars)
Financial Assets:
Cash and cash equivalents		$	74,654			$	74,654			$	74,654			$	0			$	0
FDIC insured bank certificates of deposit			944				944				944				0				0
Trading account securities			18				18				18				0				0
Securities available for sale			343,602				343,602				570				323,582				19,450
Federal Home Loan Bank stock			7,266				7,266				0				0				7,266
Loans held for sale			401				401				0				401				0
Loans, net of allowance			969,149				968,072				0				0				968,072

Financial Liabilities:
Deposits			(1,232,792	)			(1,213,535	)			0				0				(1,213,535	)
Securities sold under agreements to repurchase and overnight borrowings			(47,635	)			(47,635	)			0				(47,635	)			0
Federal Home Loan Bank advances			(19,790	)			(20,098	)			0				0				(20,098	)
Subordinated debentures			(36,084	)			(21,084	)			0				0				(21,084	)

December 31, 2012		Carrying Amount				Estimated Fair Value				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
(In thousands of dollars)
Financial Assets:
Cash and cash equivalents		$	99,601			$	99,601			$	99,601			$	0			$	0
FDIC insured bank certificates of deposit			2,927				2,927				2,927				0				0
Trading account securities			6				6				6				0				0
Securities available for sale			353,678				353,678				91				331,717				21,870
Federal Home Loan Bank stock			7,266				7,266				0				0				7,266
Loans held for sale			2,921				2,921				0				2,921				0
Loans, net of allowance			942,422				930,354				0				0				930,354

Financial Liabilities:
Deposits			(1,241,401	)			(1,243,712	)			0				0				(1,243,712	)
Securities sold under agreements to repurchase and overnight borrowings			(42,785	)			(42,785	)			0				(42,785	)			0
Federal Home Loan Bank advances			(22,493	)			(24,122	)			0				0				(24,122	)
Subordinated debentures			(36,084	)			(36,093	)			0				0				(36,093	)

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

(Dollars in Thousands)		Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
December 31, 2013
Securities available for sale
U.S. Government Agency Bonds		$	0			$	101,604			$	0			$	101,604
Mortgage Backed Securities			0				59,259				0				59,259
U.S. Government Agency CMOs			570				33,916				0				34,486
States and political subdivisions			0				128,803				17,861				146,664
Equity and Other Securities			0				0				1,589				1,589
Total Securities available for sale		$	570			$	323,582			$	19,450			$	343,602

Trading equity securities		$	18			$	0			$	0			$	18

December 31, 2012
Securities available for sale
U.S. Government Agency Bonds		$	0			$	106,885			$	0			$	106,885
Mortgage Backed Securities			0				66,277				0				66,277
U.S. Government Agency CMOs			0				61,030				0				61,030
States and political subdivisions			0				97,525				20,289				117,814
Equity and Other Securities			91				0				1,581				1,672
Total Securities available for sale		$	91			$	331,717			$	21,870			$	353,678

Trading equity securities		$	6			$	0			$	0			$	6

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

(Dollars in Thousands)		2013				2012
Balance at beginning of year		$	21,870			$	16,914
Total realized and unrealized gains/(losses) included in income			0				0
Total unrealized gains/(losses) included in other comprehensive income			0				0
Purchases of securities			6,225				17,262
Sales of securities			0				0
Calls and maturities			(8,066	)			(12,663	)
Net transfers into (out of) Level 3			(579	)			357
Balance at December 31 of each year		$	19,450			$	21,870

Fair Value Measurements, Nonrecurring [Table Text Block]

(Dollars in Thousands)		Balance at December 31,				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
2013
Impaired loans		$	30,772			$	0			$	0			$	30,772
Other real estate owned		$	537			$	0			$	0			$	537

2012
Impaired loans		$	36,387			$	0			$	0			$	36,387
Other real estate owned		$	1,296			$	0			$	0			$	1,296
Other repossessed assets		$	250			$	0			$	0			$	250

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period 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 asset.

+ References+ Details

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

+ References+ Details