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Note 8 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2013
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements at September 30, 2013 Using

 

Description

 

Balance as of
September 30, 2013

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 

U.S. Treasury

  $ 2,012     $ ---     $ 2,012     $ ---  

U.S. Government agencies

    152,143       ---       152,143       ---  

States and political subdivisions

    24,404       ---       24,404       ---  

Mortgage-backed securities

    3,153       ---       3,153       ---  

Corporate

    8,377       ---       8,377       ---  

Other securities

    2,136       ---       2,136       ---  

Total Securities Available for Sale

  $ 192,225     $ ---     $ 192,225     $ ---  
           

Fair Value Measurements at December 31, 2012 Using

 

Description

 

Balance as of
December 31,
2012

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 

U.S. Treasury

  $ 2,073     $ ---     $ 2,073     $ ---  

U.S. Government agencies

    129,564       ---       129,564       ---  

States and political subdivisions

    36,779       ---       36,779       ---  

Mortgage-backed securities

    4,569       ---       4,569       ---  

Corporate

    14,575       ---       14,575       ---  

Other securities

    2,255       ---       2,255       ---  

Total Securities Available for Sale

  $ 189,815     $ ---     $ 189,815     $ ---  
Fair Value Measurements, Nonrecurring [Table Text Block]
             

Carrying Value

 

Date

Description

 

Balance

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 
 

Assets:

                               

September 30, 2013

Impaired loans net of valuation allowance

  $ 1,541     $ ---     $ ---     $ 1,541  

December 31, 2012

Impaired loans net of valuation allowance

    928       ---       ---       928  
             

Carrying Value

 

Date

Description

 

Balance

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 
 

Assets:

                               

September 30, 2013

Other real estate owned net of valuation allowance

  $ 973     $ ---     $ ---     $ 973  

December 31, 2012

Other real estate owned net of valuation allowance

    1,435       ---       ---       1,435  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

September 30, 2013

Valuation Technique

Unobservable Input

 

Range

(Weighted Average)

               

Impaired loans

Discounted appraised value

Selling cost

    10.00%(1)    

Impaired loans

Present value of cash flows

Discount rate

   6.25% 9.50% (6.75%)

December 31, 2012

Valuation Technique

Unobservable Input

 

Range

(Weighted Average)

               

Impaired loans

Discounted appraised value

Selling cost

   0%  -  10.00% (2.00%)

Impaired loans

Discounted appraised value

Discount for lack of marketability and age of appraisal

   0%  -  60.00% (52.00%)

Impaired loans

Present value of cash flows

Discount rate

   6.00%  -  7.50% (6.28%)

September 30, 2013

Valuation Technique

Unobservable Input

Range

(Weighted Average)

Other real estate owned Discounted appraised value Selling cost  0.00%(1) 9.95% 2.99%)

Other real estate owned

Discounted appraised value

Discount for lack of marketability and age of appraisal

  0.00% 20.71% (3.48%)

December 31, 2012

Valuation Technique

Unobservable Input

Range

(Weighted Average)

Other real estate owned Discounted appraised value Selling cost  0.00%(1) 6.00%

(4.30%)

Other real estate owned

Discounted appraised value

Discount for lack of marketability and age of appraisal

 0.00% 30.90% (4.68%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

September 30, 2013

   

Carrying
Amount

   

Quoted Prices in Active Markets for Identical Assets

Level 1

   

Significant Other Observable Inputs

Level 2

   

Significant Unobservable Inputs

Level 3

   

Total Estimated

Fair Value

   

Financial Assets:

                                         

Cash and due from banks

  $ 13,806     $ 13,806     $ ---     $ ---     $ 13,806    

Interest-bearing deposits

    62,776       62,776       ---       ---       62,776    

Securities

    356,977       ---       352,901       ---       352,901    

Restricted securities

    1,414       ---       1,414       ---       1,414    

Mortgage loans held for sale

    617       ---       617       ---       617    

Loans, net

    582,574       ---       ---       590,117       590,117    

Accrued interest receivable

    6,044       6,044       ---       ---       6,044    

Bank-owned life insurance

    21,020       21,020       ---       ---       21,020    

Financial Liabilities:

                                         

Deposits

  $ 923,498     $ 674,924     $ ---     $ 250,304     $ 925,228    

Accrued interest payable

    97       97       ---       ---       97    
   

December 31, 2012

   

Carrying
Amount

   

Quoted Prices in Active Markets for Identical Assets

Level 1

   

Significant Other Observable Inputs

Level 2

   

Significant Unobservable Inputs

Level 3

   

Total Estimated

Fair Value

   

Financial Assets:

                                         

Cash and due from banks

  $ 14,783     $ 14,783     $ ---     $ ---     $ 14,783    

Interest-bearing deposits

    96,597       96,597       ---       ---       96,597    

Securities

    350,354       ---       360,661       ---       360,661    

Restricted securities

    1,689       ---       1,689       ---       1,689    

Mortgage loans held for sale

    2,796       ---       2,796       ---       2,796    

Loans, net

    583,813       ---       ---       570,471       570,471    

Accrued interest receivable

    6,247       6,247       ---       ---       6,247    

Bank-owned life insurance

    20,523       20,523       ---       ---       20,523    

Financial Liabilities:

                                         

Deposits

  $ 946,766     $ 669,028     $ ---     $ 272,820     $ 941,848    

Accrued interest payable

    139       139       ---       ---       139