Note 19 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

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

	Carrying		Estimated		Level
2016	Amount		Fair Value		1		2		3
	(in Thousands)
Assets
Cash and Short-Term Investments	$	75,167	$	75,167	$	75,167	$	-	$	-
Investment Securities Available for Sale		323,658		323,658		-		323,082		576
Federal Home Loan Bank Stock		3,010		3,010		3,010		-		-
Loans, Net		744,999		745,240		-		738,288		6,952
Bank-Owned Life Insurance		15,419		15,419		15,419		-		-

Liabilities
Deposits		1,044,357		1,045,726		677,129		368,597		-
Subordinated Debentures		24,229		24,229		-		24,229		-
Other Borrowed Money		46,000		46,232		-		46,232		-

2015

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
201 6	Total Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Recurring
Securities Available for Sale
U.S. Government Agencies
Mortgage-Backed	$	319,097,374	$	-	$	319,097,374	$	-
State, County and Municipal		4,560,496		-		3,984,112		576,384

	$	323,657,870	$	-	$	323,081,486	$	576,384
Nonrecurring
Impaired Loans	$	6,952,343	$	-	$	-	$	6,952,343

Other Real Estate	$	2,505,188	$	-	$	-	$	2,505,188

2015

Recurring
Securities Available for Sale
U.S. Government Agencies
Mortgage-Backed	$	291,049,853	$	-	$	291,049,853	$	-
State, County and Municipal		5,099,446		-		4,169,135		930,311

	$	296,149,299	$	-	$	295,218,988	$	930,311
Nonrecurring
Impaired Loans	$	8,544,993	$	-	$	-	$	8,544,993

Other Real Estate	$	2,535,884	$	-	$	-	$	2,535,884

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

	December 31, 201 6		Valuation Techniques	Unobservable Inputs	Range Weighted Avg

Real Estate
Commercial Construction	$	51,161	Sales Comparison	Adjustment for Differences		(5.00)%	-	99.00%
				Between the Comparable Sales			47.00%

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

Residential Real Estate		1,105,312	Sales Comparison	Adjustment for Differences		(22.00)%	-	0.00%
				Between the Comparable Sales			(11.00)%

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

Commercial Real Estate		5,445,192	Sales Comparison	Adjustment for Differences		(14.08)%	-	24.62%
				Between the Comparable Sales			5.27%

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

			Income Approach	Capitalization Rate			10.67 %

Farmland		350,678	Sales Comparison	Adjustment for Differences		(27.00)%	-	15.00%
				Between the Comparable Sales			(6.00)%

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

Other Real Estate Owned		2,505,188	Sales Comparison	Adjustment for Differences		(50.80)%	-	316.00%
				Between the Comparable Sales			132.60%

				Management Adjustments for Age		6.25%	-	76.92%
				of Appraisals and/or Current Market Conditions			36.31%

			Income Approach	Discount Rate			12.50 %

	December 31, 201 5		Valuation Techniques	Unobservable Inputs	Range Weighted Avg

Commercial	$	28,390	Sales Comparison	Adjustment for Differences		(31.77)%	-	34.00%
				Between the Comparable Sales			1.12%

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

			Income Approach	Capitalization Rate			11.00%

Real Estate Commercial Construction		51,300	Sales Comparison	Adjustment for Differences		(5.00)%	-	99.00%
				Between the Comparable Sales			47.00%

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

Residential Real Estate		767,179	Sales Comparison	Adjustment for Differences		(22.00)%	-	10.80%
				Between the Comparable Sales			(5.60%)

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

Commercial Real Estate		7,347,541	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 Market Conditions			5.00%

			Income Approach	Capitalization Rate			10.25%

Farmland		350,583	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 Market Conditions			42.50%

Other Real Estate Owned		2,535,884	Sales Comparison	Adjustment for Differences		(50.80)%	-	142.90%
				Between the Comparable Sales			46.05%

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

			Income Approach	Discount Rate			12.50%

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

	Available for Sale Securities
	201 6			2015			2014

Balance, Beginning	$	930,311		$	948,390		$	941,265

Transfers into Level 3					-			-
Transfers out of Level 3					-			-
Securities Purchased During the Year					-			-
Securities Matured During the Year		(330,000	)		-			-
Loss on OTTI Impairment Included in Noninterest Income					-			-
Unrealized Gains(Losses) Included in Other Comprehensive Income		(23,927	)		(18,079	)		7,125

Balance, Ending	$	576,384		$	930,311		$	948,390

Fair Value, Inputs, Level 3 [Member]

Notes Tables

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

December 31, 2016

Fair

Value

Valuation

Techniques

Unobservable

Inputs

Range

(Weighted

Avg)

State, County and Municipal

576,384

Discounted Cash Flow

Discount Rate

or Yield

N/A*

December 31, 2015

State, County and Municipal

930,311

Discounted Cash Flow

Discount Rate

or Yield

N/A*

- 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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