Note 2 - Securities

12 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

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

Note B - Securities

The following table summarizes the amortized cost and fair value of securities available for sale and securities held to maturity at December 31, 2015 and 2014 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses:

	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Estimated Fair Value
Securities Available for Sale
December 31, 2015
U.S. Government sponsored entity securities	$	9,011	$	----		(46	)	$	8,965
Agency mortgage-backed securities, residential		82,178		981		(473	)		82,686
Total securities	$	91,189	$	981		(519	)	$	91,651
December 31, 2014
U.S. Government sponsored entity securities	$	9,019	$	2		(104	)	$	8,917
Agency mortgage-backed securities, residential		74,762		1,693		(136	)		76,319
Total securities	$	83,781	$	1,695		(240	)	$	85,236

	Amortized Cost		Gross Unrecognized Gains		Gross Unrecognized Losses			Estimated Fair Value
Securities Held to Maturity
December 31, 2015
Obligations of states and political subdivisions	$	19,898	$	892	$	(5	)	$	20,785
Agency mortgage-backed securities, residential		5		----		----			5
Total securities	$	19,903	$	892	$	(5	)	$	20,790
December 31, 2014
Obligations of states and political subdivisions	$	22,811	$	939	$	(189	)	$	23,561
Agency mortgage-backed securities, residential		9		----		----			9
Total securities	$	22,820	$	939	$	(189	)	$	23,570

At year-end 2015 and 2014, there were no holdings of securities of any one issuer, other than the U.S. Government and its agencies, in an amount greater than 10% of shareholders’ equity.

During 2015, proceeds from the sales of debt securities totaled $10,550 with gross gains of $163 recognized. There were no sales of debt securities during 2014 and 2013.

Securities with a carrying value of approximately $59,267 at December 31, 2015 and $68,238 at December 31, 2014 were pledged to secure public deposits and repurchase agreements and for other purposes as required or permitted by law.

The amortized cost and estimated fair value of debt securities at December 31, 2015, 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	$	1,001	$	1,001	$	377	$	386
Due in one to five years		8,010		7,964		6,909		7,242
Due in five to ten years		----		----		10,529		11,057
Due after ten years		----		----		2,083		2,100
Agency mortgage-backed securities, residential		82,178		82,686		5		5
Total debt securities	$	91,189	$	91,651	$	19,903	$	20,790

The following table summarizes securities with unrealized losses at December 31, 2015 and December 31, 2014, aggregated by major security type and length of time in a continuous unrealized loss position:

December 31, 2015	Less than 12 Months					12 Months or More					Total
Securities Available for Sale	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Government sponsored entity securities	$	7,964	$	(46	)	$	----	$	----		$	7,964	$	(46	)
Agency mortgage-backed securities, residential		42,112		(407	)		3,645		(66	)		45,757		(473	)
Total available for sale	$	50,076	$	(453	)	$	3,645	$	(66	)	$	53,721	$	(519	)

	Less than 12 Months					12 Months or More				Total
Securities Held to Maturity	Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss		Fair Value		Unrecognized Loss
Obligations of states and political subdivisions	$	995	$	(5	)	$	----	$	----	$	995	$	(5	)
Total held to maturity	$	995	$	(5	)	$	----	$	----	$	995	$	(5	)

December 31, 2014	Less than 12 Months					12 Months or More					Total
Securities Available for Sale	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
U.S. Government sponsored entity securities	$	----	$	----		$	7,911	$	(104	)	$	7,911	$	(104	)
Agency mortgage-backed securities, residential		11,232		(20	)		8,397		(116	)		19,629		(136	)
Total available for sale	$	11,232	$	(20	)	$	16,308	$	(220	)	$	27,540	$	(240	)

	Less than 12 Months					12 Months or More					Total
Securities Held to Maturity	Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss			Fair Value		Unrecognized Loss
Obligations of states and political subdivisions	$	1,171	$	(9	)	$	2,916	$	(180	)	$	4,087	$	(189	)
Total held to maturity	$	1,171	$	(9	)	$	2,916	$	(180	)	$	4,087	$	(189	)

Unrealized losses on the Company’s debt securities have not been recognized into income because the issuers’ securities are of high credit quality as of December 31, 2015, 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 December 31, 2015 and 2014 represents an other-than-temporary impairment.