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Note 4 - Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Disclosure Text Block [Abstract]

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

March 31, 2014 (In thousands of dollars)		Carrying Amount				Estimated Fair Value				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents		$	94,752			$	94,752			$	94,752			$	0			$	0
FDIC insured bank certificates of deposit			746				746				746				0				0
Trading account securities			18				18				18				0				0
Securities available for sale			359,863				359,863				0				341,196				18,667
Federal Home Loan Bank stock			7,266				7,266				0				0				7,266
Loans held for sale			69				69				0				69				0
Loans, net			952,573				946,946				0				0				946,946

Financial Liabilities:
Deposits			(1,249,536	)			(1,229,907	)			0				0				(1,229,907	)
Securities sold under agreements to repurchase and overnight borrowings			(55,741	)			(55,741	)			0				(55,741	)			0
Federal Home Loan Bank advances and other borrowing			(12,000	)			(12,145	)			0				0				(12,145	)
Subordinated debentures			(36,084	)			(21,084	)			0				0				(21,084	)

December 31, 2013 (In thousands of dollars)		Carrying Amount				Estimated Fair Value				Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
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			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 and other borrowing			(19,790	)			(20,098	)			0				0				(20,098	)
Subordinated debentures			(36,084	)			(21,084	)			0				0				(21,084	)

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

(In thousands of dollars)		Quoted Prices in Active Markets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
March 31, 2014
Securities available for sale
U.S. governmental agency		$	0			$	109,852			$	0			$	109,852
Mortgage backed securities			0				67,863				0				67,863
Collateralized Mortgage Obligations			0				32,153				0				32,153
States and political subdivisions			0				131,328				17,103				148,431
Equity and other securities			0				0				1,564				1,564
Total securities available for sale		$	0			$	341,196			$	18,667			$	359,863

Trading equity securities		$	18			$	0			$	0			$	18

December 31, 2013
Securities available for sale
U.S. governmental agency		$	0			$	101,604			$	0			$	101,604
Mortgage backed securities			0				59,259				0				59,259
Collateralized Mortgage Obligations			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

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

(In thousands of dollars)		2014				2013
Balance at beginning of year		$	19,450			$	21,870
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			325				165
Sales of securities			0				0
Calls and maturities			(1,108	)			0
Net transfers into Level 3			0				0
Balance at March 31 of each year		$	18,667			$	22,035

Fair Value Measurements, Nonrecurring [Table Text Block]

(In thousands of dollars)		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
March 31, 2014
Impaired loans		$	29,014			$	0			$	0			$	29,014
Other real estate owned		$	285			$	0			$	0			$	285

December 31, 2013
Impaired loans		$	30,772			$	0			$	0			$	30,772
Other real estate owned		$	537			$	0			$	0			$	537

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.

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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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