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Note 2 - Securities (Tables)

9 Months Ended

Sep. 30, 2013

Investments Schedule [Abstract]

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

		As of September 30, 2013
		Amortized				Unrealized												Fair
		Cost				Gains				Losses				OTTI				Value
		(Dollars in thousands)
Securities available-for-sale
Debt securities
U.S. Treasury and other U.S. government sponsored enterprises and agencies		$	86,395			$	-			$	(4,649	)		$	-			$	81,746
Obligations of state and political subdivisions			17,899				156				(912	)			-				17,143
Corporate			6,063				216				-				-				6,279
Mortgage-backed securities and collateralized mortgage obligations
Government issued or guaranteed			63,874				782				(929	)			-				63,727
Privately issued residential			588				379				-				(299	)			668
Asset backed securities			152				143				-				(152	)			143
Equity Securities
Community Reinvestment Act (“CRA”) funds			14,352				-				(401	)			-				13,951
Total available-for-sale securities		$	189,323			$	1,676			$	(6,891	)		$	(451	)		$	183,657

Securities held-to-maturity
Obligations of state and political subdivisions		$	7,788			$	372			$	(52	)		$	-			$	8,108
Total held-to-maturity securities		$	7,788			$	372			$	(52	)		$	-			$	8,108

Other investments
Federal Home Loan Bank (“FHLB”)(1)/Federal Reserve Bank stock (2)		$	4,619			$	-			$	-			$	-			$	4,619
Investment in subsidiary trust (3)			1,083				-				-				-				1,083
Total other investments		$	5,702			$	-			$	-			$	-			$	5,702

		As of December 31, 2012
		Amortized				Unrealized												Fair
		Cost				Gains				Losses				OTTI				Value
Securities available-for-sale
Debt securities
U.S. Treasury and other U.S. government sponsored enterprises and agencies		$	70,892			$	362			$	(73	)		$	—			$	71,181
Obligations of state and political subdivisions			12,810				579				—				—				13,389
Corporate			6,080				270				—				—				6,350
Mortgage-backed securities and collateralized mortgage obligations:
Government issued or guaranteed			56,572				1,369				—				—				57,941
Privately issued residential			718				330				—				(365	)			683
Asset backed securities			187				129				—				(173	)			143
Equity securities
Investment in CRA funds			14,128				233				—				—				14,361

Total available-for-sale securities		$	161,387			$	3,272			$	(73	)		$	(538	)		$	164,048

Securities held-to-maturity
Obligations of state and political subdivisions		$	4,046			$	711			$	—			$	—			$	4,757

Total held-to-maturity securities		$	4,046			$	711			$	—			$	—			$	4,757

Other investments
FHLB (1)/Federal Reserve Bank (2) stock			4,509				—				—				—				4,509
Investment in subsidiary trust (3)			1,083				—				—				—				1,083

Total other investments		$	5,592			$	—			$	—			$	—			$	5,592

Unrealized Gain (Loss) on Investments [Table Text Block]

		As of September 30, 2013
		Less Than 12 Months								Greater Than 12 Months								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in thousands)
Securities available-for-sale
U.S. Treasury and other U.S. government sponsored enterprises and agencies		$	81,747			$	(4,649	)		$	—			$	—			$	81,747			$	(4,649	)
Obligations of state and political subdivisions			14,161				(912	)			—				—				14,161				(912	)
Mortgage-backed securities and collateralized mortgage obligations
Government issued or guaranteed			35,108				(929	)			—				—				35,108				(929	)
Privately issued residential			17				—				—				—				17				—
CRA funds			13,951				(401	)											13,951				(401	)
Total available-for-sale securities		$	144,984			$	(6,891	)		$	—			$	—			$	144,984			$	(6,891	)


Securities held-to-maturity
Obligations of state and political subdivisions		$	2,158			$	(52	)		$	—			$	—			$	2,158			$	(52	)
Total held-to-maturity securities		$	2,158			$	(52	)		$	—			$	—			$	2,158			$	(52	)

		As of December 31, 2012
		Less Than 12 Months								Greater Than 12 Months								Total
		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses
		(Dollars in thousands)
Securities available-for-sale
U.S. Treasury and other U.S. government sponsored enterprises and agencies		$	9,921			$	(73	)		$	—			$	—			$	9,921			$	(73	)
Mortgage-backed securities and collateralized mortgage obligations
Privately issued residential			—				—				72				—				72				—
Total securities		$	9,921			$	(73	)		$	72			$	—			$	9,993			$	(73	)

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

		Impairment related to credit losses
		Three months ended September 30, 2013				Nine months ended September 30, 2013
		(In thousands)
Credit losses at beginning of period		$	1,748			$	1,716
Additions to OTTI that were not previously recognized			3				3
Additions to OTTI that was previously recognized when there is no intent to sell and no requirement to sell before recovery of the amortized cost basis			4				4
Transfers from accumulated other comprehensive income (loss) to OTTI related to credit losses			3				35
Credit losses at end of period		$	1,758			$	1,758

Investments Classified by Contractual Maturity Date [Table Text Block]

		Securities Available-for-sale								Securities Held-to-maturity
		Amortized Cost				Fair Value				Amortized Cost				Fair Value
Within one year		$	—			$	—			$	—			$	—
Within two to five years			20,053				20,088				—				—
Within six to ten years			73,188				68,785				—				—
After ten years			17,268				16,438				7,788				8,108
Mortgage-backed securities and collateralized mortgage obligations			64,462				64,395				—				—
Total debt securities		$	174,971			$	169,706			$	7,788			$	8,108

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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