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Note 15 - Fair Value Measurements and Fair Values of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

(dollars in thousands)

 

Total

   

(Level 1)

Quoted Prices in Active Markets

for Identical

Assets

   

(Level 2)

Significant

Other

Observable

Inputs

   

(Level 3)

Significant Unobservable

Inputs

 

December 31, 2015

                               
                                 

Collateralized mortgage obligations

  $ 178,145     $ -     $ 178,145     $ -  

Agency mortgage-backed securities

    10,171       -       10,171       -  

Municipal securities

    23,344       -       23,344       -  

Corporate bonds

    54,129       -       51,295       2,834  

Asset-backed securities

    17,005       -       17,005       -  

Trust Preferred Securities

    1,883       -       -       1,883  

Other securities

    118       -       118       -  

Securities Available for Sale

  $ 284,795     $ -     $ 280,078     $ 4,717  
                                 

SBA Servicing Assets

  $ 4,886                     $ 4,886  

December 31, 2014

                               
                                 

Collateralized mortgage obligations

  $ 99,222     $ -     $ 99,222     $ -  

Agency mortgage-backed securities

    13,802       -       13,802       -  

Municipal securities

    16,107       -       16,107       -  

Corporate bonds

    34,427       -       31,422       3,005  

Asset-backed securities

    18,505       -       18,505       -  

Trust Preferred Securities

    3,193       -       -       3,193  

Other securities

    123       -       123       -  

Securities Available for Sale

  $ 185,379     $ -     $ 179,181     $ 6,198  
                                 

SBA Servicing Assets

  $ 4,099                     $ 4,099  
Schedule of Servicing Assets at Fair Value [Table Text Block]

(dollars in thousands)

 

2015

   

2014

   

2013

 

Beginning balance, January 1st

  $ 4,099     $ 3,477     $ 2,340  

Additions

    801       1,277       1,349  

Fair value adjustments

    (14 )     (655 )     (212 )

Ending balance, December 31st

  $ 4,886     $ 4,099     $ 3,477  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   

Year Ended

December 31, 2015

   

Year Ended

December 31, 2014

   

Year Ended

December 31, 2013

 

Level 3 Investments Only

(dollars in thousands)

 

Trust

Preferred

Securities

   

Corporate

Bonds

   

Trust

Preferred

Securities

   

Corporate

Bonds

   

Trust

Preferred

Securities

   

Corporate

Bonds

 

Balance, January 1,

  $ 3,193     $ 3,005     $ 2,850     $ 3,006     $ 3,187     $ 3,007  

Security transferred to Level 3 measurement

    -       -       -       -       -       -  

Unrealized gains (losses)

    882       (171 )     360       (1 )     171       (1 )

Paydowns

    (19 )     -       (10 )     -       (508 )     -  

Proceeds from sales

    (1,952 )     -       -       -       -       -  

Realized losses

    (218 )     -       -       -       -       -  

Impairment charges on Level 3

    (3 )     -       (7 )     -       -       -  

Balance, December 31,

  $ 1,883     $ 2,834     $ 3,193     $ 3,005     $ 2,850     $ 3,006  
Fair Value Measurements, Nonrecurring [Table Text Block]

(dollars in thousands)

 

Total

   

(Level 1)

Quoted Prices

in Active

Markets for

Identical Assets

   

(Level 2)

Significant

Other

Observable

Inputs

   

(Level 3)

Significant Unobservable

Inputs

 

December 31, 2015:

                               

Impaired loans

  $ 5,734     $ -     $ -     $ 5,734  

Other real estate owned

    10,034       -       -       10,034  
                                 

December 31, 2014:

                               

Impaired loans

  $ 15,838     $ -     $ -     $ 15,838  

Other real estate owned

    2,135       -       -       2,135  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
   

Quantitative Information about Level 3 Fair Value Measurements

Asset Description

 

Fair Value

 

Valuation

Technique

 

Unobservable

Input

 

Range Weighted

Average

December 31, 2015:

                         

Corporate bonds

  $ 2,834  

Discounted

Cash Flows

 

Discount Rate

    (4.11%)      
                           

Trust preferred securities

  $ 1,883  

Discounted

Cash Flows

 

Discount Rate

  7.31% - 7.81% (7.77%)  
                           
             

Conditional

Prepayment Rate

    (6.27%)      

SBA servicing assets

  $ 4,886  

Discounted Cash Flows

 

Discount Rate

    (10.00%)      
                           
                           

Impaired loans

  $ 5,734  

Appraised Valueof Collateral (1)

 

Liquidation expenses (2)

  12% - 78% (20%) (3)
                           
Other real estate owned   $ 10,034    Appraised Value of Collateral (1)  

Liquidation expenses (2)

  6% - 30% (10%) (3)
              Appraisal adjustment (2)     (50%)      
                           

 

       

Sales Price

 

Liquidation expenses (2)

  7% - 9% (9%) (3)
                           

December 31, 2014:

                         

Corporate bonds

  $ 3,005  

Discounted

Cash Flows

 

Discount Rate

    (3.48%)      
                           

Trust preferred securities

  $ 3,193  

Discounted

Cash Flows

 

Discount Rate

  4.34% - 9.25% (9.19%)  
                           
             

Conditional

Prepayment Rate

    (7.45%)      

SBA servicing assets

  $ 4,099  

Discounted Cash Flows

 

Discount Rate

    (12.48%)      
                           

Impaired loans

  $ 15,838  

Appraised Value of Collateral (1)

 

Liquidation expenses (2)

  0% - 78% (24%) (3)
                           
                           

Other real estate owned

  $ 2,135  

Appraised Value of Collateral (1)

 

Liquidation expenses (2)

  4% - 31% (16%) (3)
              Appraisal adjustment (2)   20% - 40% (32%)  
                           
          Sales Price   Liquidation expenses (2)     (12%)      (3)
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]

(dollars in thousands)

 

December 31, 2015

   

December 31, 2014

 
                 

SBA Servicing Asset

               
                 

Fair Value of SBA Servicing Asset

  $ 4,886     $ 4,099  
                 

Composition of SBA Loans Serviced for Others

               

Fixed-rate SBA loans

    0 %     0 %

Adjustable-rate SBA loans

    100 %     100 %

Total

    100 %     100 %
                 
Weighted Average Remaining Term (years)     20.9       21.2  
                 

Prepayment Speed

    6.27 %     7.45 %

Effect on fair value of a 10% increase

  $ (151 )   $ (116 )

Effect on fair value of a 20% increase

    (296 )     (226 )
                 

Weighted Average Discount Rate

    10.00 %     12.48 %

Effect on fair value of a 10% increase

  $ (206 )   $ (195 )

Effect on fair value of a 20% increase

    (397 )     (378 )
Fair Value, by Balance Sheet Grouping [Table Text Block]
    Fair Value Measurements at December 31, 2015  
(dollars in thousands)   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)

 
Balance Sheet Data                                        
Financial assets:                                        

Cash and cash equivalents

  $ 27,139     $ 27,139     $ 27,139     $ -     $ -  

Investment securities available for sale

    284,795       284,795       -       280,078       4,717  

Investment securities held to maturity

    172,277       171,845       -       171,845       -  

Restricted stock

    3,059       3,059       -       3,059       -  

Loans held for sale

    3,653       3,831       -       -       3,831  

Loans receivable, net

    866,066       849,578       -       -       849,578  

SBA servicing assets

    4,886       4,886       -       -       4,886  

Accrued interest receivable

    4,216       4,216       -       4,216       -  
                                         

Financial liabilities:

                                       

Deposits

                                       

Demand, savings and money market

  $ 1,181,720     $ 1,181,720     $ -     $ 1,181,720     $ -  

Time

    67,578       67,422       -       67,422       -  
Short-term borrowings     47,000       47,000       -       47,000       -  

Subordinated debt

    22,476       18,972       -       -       18,972  

Accrued interest payable

    245       245       -       245       -  
                                         

Off-Balance Sheet Data

                                       

Commitments to extend credit

    -       -                          

Standby letters-of-credit

    -       -                          
   

Fair Value Measurements at December 31, 2014

 

(dollars in thousands)

 

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)

 

Balance Sheet Data

                                       

Financial assets:

                                       

Cash and cash equivalents

  $ 128,826     $ 128,826     $ 128,826     $ -     $ -  

Investment securities available for sale

    185,379       185,379       -       179,181       6,198  

Investment securities held to maturity

    67,866       68,253       -       68,253       -  

Restricted stock

    1,157       1,157       -       1,157       -  

Loans held for sale

    1,676       1,699       -       -       1,699  

Loans receivable, net

    770,404       760,163       -       -       760,163  

SBA servicing assets

    4,099       4,099       -       -       4,099  

Accrued interest receivable

    3,226       3,226       -       3,226       -  
                                         

Financial liabilities:

                                       

Deposits

                                       

Demand, savings and money market

  $ 996,861     $ 996,861     $ -     $ 996,861     $ -  

Time

    75,369       75,592       -       75,592       -  

Subordinated debt

    22,476       18,221       -       -       18,221  

Accrued interest payable

    265       265       -       265       -  
                                         

Off-Balance Sheet Data

                                       

Commitments to extend credit

    -       -                          

Standby letters-of-credit

    -       -