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Note 8 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements at June 30, 2014 Using

 

Description

 

Balance as of
June 30, 2014

   

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

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable

Inputs
(Level 3)

 

U.S. Government agencies and corporations

  $ 161,886     $ ---     $ 161,886     $ ---  

States and political subdivisions

    22,335       ---       22,335       ---  

Mortgage-backed securities

    2,400       ---       2,400       ---  

Corporate debt securities

    8,669       ---       8,669       ---  

Other securities

    117       ---       117       ---  

Total securities available for sale

  $ 195,407     $ ---     $ 195,407     $ ---  
           

Fair Value Measurements at December 31, 2013 Using

 

Description

 

Balance as of
December 31,
2013

   

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

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable

Inputs
(Level 3)

 

U.S. Government agencies and corporations

  $ 147,854     $ ---     $ 147,854     $ ---  

States and political subdivisions

    23,456       ---       23,456       ---  

Mortgage-backed securities

    2,840       ---       2,840       ---  

Corporate debt securities

    7,395       ---       7,395       ---  

Other securities

    167       ---       167       ---  

Total securities available for sale

  $ 181,712     $ ---     $ 181,712     $ ---  
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:

                               

June 30, 2014

Impaired loans net of valuation allowance

  $ 2,698     $ ---     $ ---     $ 2,698  

December 31, 2013

Impaired loans net of valuation allowance

    1,989       ---       ---       1,989  
             

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:

                               

June 30, 2014

Other real estate owned net of valuation allowance

  $ 5,293     $ ---     $ ---     $ 5,293  

December 31, 2013

Other real estate owned net of valuation allowance

    4,712       ---       ---       4,712  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

 June 30, 2014

Valuation Technique

Unobservable Input

Range

(Weighted Average)

Impaired loans

Present value of cash flows

Market rate for borrower (discount rate)

5.88% -

9.50%

(7.35%)

June 30, 2014

Valuation Technique

Unobservable Input

Range (Weighted Average)

             
Other real estate owned Discounted appraised value Selling cost 0.00%(1) 10% (6.33%)
Other real estate owned Discounted appraised value Discount for lack of marketability and age of appraisal 0.00% - 46.92% (14.47%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

June 30, 2014

 
   

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

  $ 15,917     $ 15,917     $ ---     $ ---     $ 15,917  

Interest-bearing deposits

    106,112       106,112       ---       ---       106,112  

Securities

    358,363       ---       361,589       ---       361,589  

Restricted securities

    1,089       ---       1,089       ---       1,089  

Mortgage loans held for sale

    383       ---       383       ---       383  

Loans, net

    585,429       ---       ---       576,676       576,676  

Accrued interest receivable

    5,798       5,798       ---       ---       5,798  

Bank-owned life insurance

    21,491       21,491       ---       ---       21,491  

Financial Liabilities:

                                       

Deposits

  $ 967,463     $ 736,286     $ ---     $ 236,131     $ 972,417  

Accrued interest payable

    71       71       ---       ---       71  
   

December 31, 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

  $ 13,283     $ 13,283     $ ---     $ ---     $ 13,283  

Interest-bearing deposits

    98,066       98,066       ---       ---       98,066  

Securities

    345,695       ---       341,049       ---       341,049  

Restricted securities

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

Mortgage loans held for sale

    1,276       ---       1,276       ---       1,276  

Loans, net

    587,463       ---       ---       616,755       616,755  

Accrued interest receivable

    5,949       5,949       ---       ---       5,949  

Bank-owned life insurance

    21,181       21,181       ---       ---       21,181  

Financial Liabilities:

                                       

Deposits

  $ 960,036     $ 718,327     $ ---     $ 247,753     $ 966,080  

Accrued interest payable

    92       92       ---       ---       92