Note 3 - Securities

9 Months Ended

Sep. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 3 – SECURITIES

The following table summarizes the amortized cost and estimated fair value of the available for sale and held to maturity securities portfolios at September 30, 2013 and December 31, 2012 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income for available for sale securities and gross unrecognized gains and losses for held to maturity securities:

Securities Available for Sale	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
September 30, 2013
U.S. Government sponsored entity securities	$	9,030	$	3	$	(178	)	$	8,855
Agency mortgage-backed securities, residential		78,730		1,734		(469	)		79,995
Total securities	$	87,760	$	1,737	$	(647	)	$	88,850
December 31, 2012
U.S. Government sponsored entity securities	$	1,009	$	3	$	----		$	1,012
Agency mortgage-backed securities, residential		91,521		2,432		----			93,953
Total securities	$	92,530	$	2,435	$	----		$	94,965

Securities Held to Maturity	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
September 30, 2013
Obligations of states and political subdivisions	$	23,315	$	631	$	(478	)	$	23,468
Agency mortgage-backed securities, residential		12		----		----			12
Total securities	$	23,327	$	631	$	(478	)	$	23,480
December 31, 2012
Obligations of states and political subdivisions	$	23,494	$	1,178	$	(65	)	$	24,607
Agency mortgage-backed securities, residential		17		----		----			17
Total securities	$	23,511	$	1,178	$	(65	)	$	24,624

The amortized cost and estimated fair value of the securities portfolio at September 30, 2013, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately.

	Available for Sale				Held to Maturity
Debt Securities:	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Due in one year or less	$	----	$	----	$	----	$	----
Due in over one to five years		9,030		8,855		6,116		6,414
Due in over five to ten years		----		----		9,315		9,277
Due after ten years		----		----		7,884		7,777
Agency mortgage-backed securities, residential		78,730		79,995		12		12
Total debt securities	$	87,760	$	88,850	$	23,327	$	23,480

The following table summarizes the investment securities with unrealized losses at September 30, 2013 and December 31, 2012 by aggregated major security type and length of time in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More				Total
September 30, 2013	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
Securities Available for Sale
U.S. Government sponsored entity securities	$	7,844	$	(178	)	$	----	$	----	$	7,844	$	(178	)
Agency mortgage-backed securities, residential		21,437		(469	)		----		----		21,437		(469	)
Total available for sale	$	29,281	$	(647	)	$	----	$	----	$	29,281	$	(647	)

	Less Than 12 Months					12 Months or More					Total
	Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss
Securities Held to Maturity
Obligations of states and political subdivisions	$	7,942	$	(450	)	$	234	$	(28	)	$	8,176	$	(478	)
Total held to maturity	$	7,972	$	(450	)	$	234	$	(28	)	$	8,176	$	(478	)

	Less Than 12 Months					12 Months or More					Total
December 31, 2012	Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss
Securities Held to Maturity
Obligations of states and political subdivisions	$	2,018	$	(63	)	$	260	$	(2	)	$	2,278	$	(65	)
Total held to maturity	$	2,018	$	(63	)	$	260	$	(2	)	$	2,278	$	(65	)

Unrealized losses on the Company's debt securities have not been recognized into income because the issuers' securities are of high credit quality and management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Management does not believe any individual unrealized loss at September 30, 2013 represents an other-than-temporary impairment.