Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

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

			Valuation	Unobservable	Range
	Fair Value		Techniques	Inputs	Weighted Avg

State, County and Municipal	$	596	Discounted Cash Flow	Discount Rate		N/A*

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

	Fair Value Measurements at
	September 30, 2016
	Carrying		Estimated			Level		Level		Level
	Value		Fair Value			1		2		3

Assets
Cash and Short-Term Investments	$	31,675	$	31,675	$	31,675	$	-	$	-
Investment Securities Available for Sale		286,089		286,089		-		285,493		596
Federal Home Loan Bank Stock		3,010		3,010		3,010		-		-
Loans, Net		766,532		767,161		-		760,499		6,662
Bank-Owned Life Insurance		15,246		15,246		15,246		-		-

Liabilities
Deposits		978,590		979,967		603,615		376,352		-
Subordinated Debentures		24,229		24,229		-		24,229		-
Other Borrowed Money		46,000		46,541		-		46,541		-

	Fair Value Measurements at
	December 31, 2015
	Carrying		Estimated			Level		Level		Level
	Value		Fair Value			1		2		3

Assets
Cash and Short-Term Investments	$	60,872	$	60,872	$	60,872	$	-	$	-
Investment Securities Available for Sale		296,149		296,149		-		295,219		930
Federal Home Loan Bank Stock		2,731		2,731		2,731		-		-
Loans, Net		749,675		750,412		-		741,867		8,545
Bank-Owned Life Insurance		14,830		14,830		14,830		-		-

Liabilities
Deposits		1,011,554		1,013,111		611,822		401,289		-
Subordinated Debentures		24,229		24,229		-		24,229		-
Other Borrowed Money		40,000		40,421		-		40,421		-

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
	Total Fair		Identical Assets		Observable		Inputs
September 30, 2016	Value		(Level 1)		Inputs (Level 2)		(Level 3)

Recurring Securities Available for Sale
U.S. Government Agencies
Mortgage-Backed	$	281,381	$	-	$	281,381	$	-
State, County and Municipal		4,708		-		4,112		596
	$	286,089	$	-	$	285,493	$	596

Nonrecurring
Impaired Loans	$	6,662	$	-	$	-	$	6,662

Other Real Estate	$	2,850	$	-	$	-	$	2,850

			Fair Value Measurements at Reporting Date Using
			Quoted Prices in				Significant
			Active Markets for		Significant Other		Unobservable
	Total Fair		Identical Assets		Observable		Inputs
December 31, 2015	Value		(Level 1)		Inputs (Level 2)		(Level 3)

Recurring Securities Available for Sale
U.S. Government Agencies
Mortgage-Backed	$	291,050	$	-	$	291,050	$	-
State, County and Municipal		5,099		-		4,169		930
	$	296,149	$	-	$	295,219	$	930

Nonrecurring
Impaired Loans	$	8,545	$	-	$	-	$	8,545

Other Real Estate	$	2,536	$	-	$	-	$	2,536

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

			Valuation	Unobservable	Range
	September 30, 2016		Techniques	Inputs	Weighted Avg

Real Estate
Commercial Construction		51	Sales Comparison	Adjustment for Differences	(5.00 )%	-	99.00%
				Between the Comparable Sales		47.00 %

				Management Adjustments for	0.00%	-	10.00%
				Age of Appraisals and/or Current		5.00 %
				Market Conditions

Residential Real Estate		416	Sales Comparison	Adjustment for Differences	(22.00 )%	-	0.00%
				Between the Comparable Sales		(11.00 )%

				Management Adjustments for	0.00%	-	40.00%
				Age of Appraisals and/or Current		20.00%
				Market Conditions

Commercial Real Estate		5,846	Sales Comparison	Adjustment for Differences	(14.08 )%	-	24.62%
				Between the Comparable Sales		5.27%

				Management Adjustments for	0.00%	-	100.00%
				Age of Appraisals and/or Current		50.00%
				Market Conditions

			Income Approach	Capitalization Rate		10.67 %

Farmland		349	Sales Comparison	Adjustment for Differences	(27.00 )%	-	15.00%
				Between the Comparable Sales		(6.00 )%

				Management Adjustments for	10.00%	-	75.00%
				Age of Appraisals and/or Current		42.50%
				Market Conditions

Other Real Estate Owned		2,850	Sales Comparison	Adjustment for Differences	(50.80 )%	-	142.90%
				Between the Comparable Sales		46.05%

				Management Adjustments for	0.62%	-	72.75%
				Age of Appraisals and/or Current		29.23%
				Market Conditions

			Income Approach	Discount Rate		12.50%

			Valuation	Unobservable	Range
	December 31, 2015		Techniques	Inputs	Weighted Avg

Commercial	$	28	Sales Comparison	Adjustment for Differences	(31.77)%	-	34.00%
				Between the Comparable Sales		1.12%

				Management Adjustment for	0.00%	-	10.00%
				Age of Appraisals and/or Current		5.00%
				Market Conditions

			Income Approach	Capitalization Rate		11.00%

Real Estate
Commercial Construction		51	Sales Comparison	Adjustment for Differences	(5.00)%	-	99.00%
				Between the Comparable Sales		47.00%

				Management Adjustments for	0.00%	-	10.00%
				Age of Appraisals and/or Current		5.00%
				Market Conditions

Residential Real Estate		767	Sales Comparison	Adjustment for Differences	(22.00)%	-	10.80%
				Between the Comparable Sales		5.60%

				Management Adjustments for	0.00%	-	25.00%
				Age of Appraisals and/or Current		12.50%
				Market Conditions

Commercial Real Estate		7,348	Sales Comparison	Adjustment for differences	(31.77)%	-	34.00%
				Between the comparable Sales		1.12%

				Management Adjustments for	0.00%	-	10.00%
				Age of Appraisals and/or Current		5.00%
				Market Conditions

			Income Approach	Capitalization Rate		10.25%

Farmland		351	Sales Comparison	Adjustment for Differences	(27.00)%	-	15.00%
				Between the Comparable Sales		(6.00)%

				Management Adjustments for	10.00%	-	75.00%
				Age of Appraisals and/or Current		42.50%
				Market Conditions

Other Real Estate Owned		2,536	Sales Comparison	Adjustment for Differences	(50.80)%	-	142.90%
				Between the Comparable Sales		46.05%

				Management Adjustment for	15.53%	-	72.75%
				Age of Appraisals and/or Current		43.37%
				Market Conditions

			Income Approach	Discount Rate		12.50%

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Available for Sale Securities
	September 30, 2016			December 31, 2015

Balance, Beginning	$	930		$	948
Transfers out of Level 3		-			-
Maturities		(330	)		-
Loss on OTTI Impairment Included		-
in Noninterest Income		-			-
Unrealized Gains included in Other Comprehensive Income (Loss)		(4	)		(18	)


Balance, Ending	$	596		$	930

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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