XML 54 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 2 - Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]
    Fair Value Measurements at March 31, 2014, Using  
   

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

                       

U.S. Government sponsored entity securities

    ----     $ 8,869       ----  

Agency mortgage-backed securities, residential

    ----       79,989       ----  
    Fair Value Measurements at December 31, 2013, Using  
   

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

                       

U.S. Government sponsored entity securities

    ----     $ 8,852       ----  

Agency mortgage-backed securities, residential

    ----       75,216       ----  
    Fair Value Measurements at March 31, 2014, Using  
   

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

                       

Impaired loans:

                       

Residential real estate

    ----       ----     $ 443  

Commercial real estate:

                       

Owner-occupied

    ----       ----       133  

Nonowner-occupied

    ----       ----       1,970  

Commercial and industrial

    ----       ----       2,809  
                         

Other real estate owned:

                       

Commercial real estate:

                       

Construction

    ----       ----       1,058  
    Fair Value Measurements at December 31, 2013, Using  
   

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

                       

Impaired loans:

                       

Residential real estate

    ----       ----     $ 234  

Commercial real estate:

                       

Owner-occupied

    ----       ----       133  

Nonowner-occupied

    ----       ----       1,973  

Commercial and industrial

    ----       ----       2,863  
                         

Other real estate owned:

                       

Commercial real estate:

                       

Construction

    ----       ----       1,058  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

March 31, 2014

 

 

Fair Value

 

Valuation

Technique(s)

 

Unobservable

Input(s)

 

 

Range

 

(Weighted

Average)

 

Impaired loans:

                             

Commercial real estate:

                             

Nonowner-occupied

  $ 1,970  

Sales approach

 

Adjustment to comparables

  5%  to 10%     8 %

Commercial and industrial

    2,809  

Sales approach

 

Adjustment to comparables

  0%  to 20%     16 %
                               

Other real estate owned:

                             

Commercial real estate:

                             

Construction

    1,058  

Sales approach

 

Adjustment to comparables

  5%  to 35%     19 %

December 31, 2013

 

 

Fair Value

 

Valuation

Technique(s)

 

Unobservable

Input(s)

 

 

Range

 

(Weighted

Average)

 

Impaired loans:

                             

Commercial real estate:

                             

Nonowner-occupied

  $ 1,973  

Sales approach

 

Adjustment to comparables

  5%  to 10%     8 %

Commercial and industrial

    2,863  

Sales approach

 

Adjustment to comparables

  0%  to 20%     16 %
                               

Other real estate owned:

                             

Commercial real estate:

                             

Construction

    1,058  

Sales approach

 

Adjustment to comparables

  5%  to 35%     19 %
Fair Value, by Balance Sheet Grouping [Table Text Block]
    Fair Value Measurements at March 31, 2014 Using:  
   

Carrying

Value

   

Level 1

   

Level 2

   

Level 3

   

Total

 

Financial Assets:

                                       

Cash and cash equivalents

  $ 95,604     $ 95,604     $ ----     $ ----     $ 95,604  

Securities available for sale

    88,858       ----       88,858       ----       88,858  

Securities held to maturity

    22,620       ----       11,741       11,151       22,892  

Federal Home Loan Bank and

                                       

Federal Reserve Bank stock

    6,576    

N/A

   

N/A

   

N/A

   

N/A

 

Loans, net

    567,865       ----       ----       572,175       572,175  

Accrued interest receivable

    1,933       ----       387       1,546       1,933  
                                         

Financial liabilities:

                                       

Deposits

    701,960       218,514       483,491       ----       702,005  

Other borrowed funds

    20,161       ----       19,324       ----       19,324  

Subordinated debentures

    8,500       ----       4,905       ----       4,905  

Accrued interest payable

    751       3       748       ----       751  
            Fair Value Measurements at December 31, 2013 Using:  
   

Carrying

Value

   

Level 1

   

Level 2

   

Level 3

   

Total

 

Financial Assets:

                                       

Cash and cash equivalents

  $ 28,344     $ 28,344     $ ----     $ ----     $ 28,344  

Securities available for sale

    84,068       ----       84,068       ----       84,068  

Securities held to maturity

    22,826       ----       11,502       11,482       22,984  

Federal Home Loan Bank and

                                       

Federal Reserve Bank stock

    7,776    

N/A

   

N/A

   

N/A

   

N/A

 

Loans, net

    560,164       ----       ----       564,589       564,589  

Accrued interest receivable

    1,901       ----       241       1,660       1,901  
                                         

Financial liabilities:

                                       

Deposits

    628,877       148,847       479,962       ----       628,809  

Other borrowed funds

    18,748       ----       17,453       ----       17,453  

Subordinated debentures

    8,500       ----       4,896       ----       4,896  

Accrued interest payable

    792       3       789       ----       792