XML 34 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Fair Value of Assets and Liabilities (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
   

June 30, 2014

 

(Dollars in thousands)

 

Fair Value Measurements Using

   

 

 
   

Level 1

   

Level 2

   

Level 3

     

Assets at Fair

Value 

 

Assets:

                               

Securities available for sale

                               

U.S. government agencies and corporations

  $     $ 28,902     $     $ 28,902  

Mortgage-backed securities

          57,752             57,752  

Obligations of states and political subdivisions

          130,654             130,654  

Total securities available for sale

          217,308             217,308  

Loans held for sale

          33,603             33,603  

Interest rate lock commitments included in other assets

          950             950  

Total assets measured at fair value on a recurring basis

  $     $ 251,861     $     $ 251,861  
                                 

Liabilities:

                               

Derivative liability - cash flow hedges

  $     $ 245     $     $ 245  
   

December 31, 2013

 

(Dollars in thousands)

 

Fair Value Measurements Using

   

 

 
   

Level 1

   

Level 2

   

Level 3

       Assets at Fair

Value

 

Assets:

                               

Securities available for sale

                               

U.S. Treasury securities

  $     $ 10,000     $     $ 10,000  

U.S. government agencies and corporations

            29,950               29,950  

Mortgage-backed securities

          50,863             50,863  

Obligations of states and political subdivisions

          127,139             127,139  

Preferred stock

          158             158  

Total securities available for sale

          218,110             218,110  

Loans held for sale

          35,879             35,879  

Interest rate lock commitments included in other assets

          511             511  

Forward sales commitments included in other assets

          22             22  

Total assets

  $     $ 254,522     $     $ 254,522  
                                 

Liabilities:

                               

Derivative liability - cash flow hedges

  $     $ 331     $     $ 331  
Fair Value Measurements, Nonrecurring [Table Text Block]
   

June 30, 2014

 
   

Fair Value Measurements Using

   

 

 

(Dollars in thousands)

 

Level 1

   

Level 2

   

Level 3

     

Assets at Fair

Value 

 

Impaired loans, net

  $     $     $ 2,583     $ 2,583  

Other real estate owned, net

                817       817  

Total

  $     $     $ 3,400     $ 3,400  
   

December 31, 2013

 
   

Fair Value Measurements Using

   

 

 

(Dollars in thousands)

 

Level 1

   

Level 2

   

Level 3

     

Assets at Fair

Value 

 

Impaired loans, net

  $     $     $ 3,646     $ 3,646  

Other real estate owned, net

                2,769       2,769  

Total

  $     $     $ 6,415     $ 6,415  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
   

Fair Value Measurements at June 30, 2014

 

(Dollars in thousands)

 

Fair Value

 

Valuation Technique(s)

 

Unobservable Inputs

 

Range of Inputs

 

Impaired loans, net

  $ 2,583  

Appraisals

 

Discount for current market conditions and estimated selling costs

    0%-50%  

Other real estate owned, net

  $ 817  

Appraisals

 

Discount for current market conditions and estimated selling costs

    0%-25%  

Total

  $ 3,400                
Fair Value, by Balance Sheet Grouping [Table Text Block]
           

Fair Value Measurements at June 30, 2014 Using

 

(Dollars in thousands)

 

Carrying Value

   

Level 1

   

Level 2

   

Level 3

   

Total Fair Value

 

Financial assets:

                                       

Cash and cash equivalents

  $ 182,354     $ 182,354     $     $     $ 182,354  

Securities available for sale

    217,308             217,308             217,308  

Restricted stocks

    3,690       3,690                   3,690  

Loans, net

    791,170                   806,770       806,770  

Loans held for sale

    33,603             33,603             33,603  

Accrued interest receivable

    6,255       6,255                   6,255  

BOLI

    14,176             14,176             14,176  

Derivative asset

    950             950             950  

Financial liabilities:

                                       

Demand deposits

  $ 659,964     $ 659,964     $     $     $ 659,964  

Time deposits

    379,788             382,934             382,934  

Borrowings

    169,608             162,368             162,368  

Derivative liability

    245             245             245  

Accrued interest payable

    807       807                   807  
           

Fair Value Measurements at December 31, 2013 Using

 

(Dollars in thousands)

 

Carrying Value

   

Level 1

   

Level 2

   

Level 3

   

Total Fair Value

 

Financial assets:

                                       

Cash and cash equivalents

  $ 148,139     $ 148,139     $     $     $ 148,139  

Securities available for sale

    218,110             218,110             218,110  

Restricted stocks

    4,336       4,336                   4,336  

Loans, net

    785,532                   800,488       800,488  

Loans held for sale

    35,879             35,879             35,879  

Accrued interest receivable

    6,360       6,360                   6,360  

BOLI

    13,988             13,988             13,988  

Derivative asset

    533             533             533  

Financial liabilities:

                                       

Demand deposits

  $ 608,409     $ 608,409     $     $     $ 608,409  

Time deposits

    399,883             403,291             403,291  

Borrowings

    169,835             162,194             162,194  

Derivative liability

    331               331               331  

Accrued interest payable

    843       843                   843