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Note 11 - Fair Value of Financial Instruments and Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Notes Tables  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 
 
Fair Value Measurements at
 
 
 
June 30, 2017
 
 
 
Carrying
 
 
Estimated
 
 
Level
 
 
Level
 
 
Level
 
 
 
Value
 
 
Fair Value
 
 
1
 
 
2
 
 
3
 
                                         
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and Short-Term Investments
 
$
30,059
 
 
$
30,059
 
 
$
30,059
 
 
$
-
 
 
$
-
 
Investment Securities Available for Sale
 
 
337,710
 
 
 
337,710
 
 
 
-
 
 
 
337,134
 
 
 
576
 
Federal Home Loan Bank Stock
 
 
3,255
 
 
 
3,255
 
 
 
3,255
 
 
 
-
 
 
 
-
 
Loans, Net
 
 
767,069
 
 
 
767,523
 
 
 
-
 
 
 
761,433
 
 
 
6,090
 
Bank-Owned Life Insurance
 
 
15,724
 
 
 
15,724
 
 
 
15,724
 
 
 
-
 
 
 
-
 
                                         
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
1,026,538
 
 
 
1,026,846
 
 
 
671,857
 
 
 
354,989
 
 
 
-
 
Subordinated Debentures
 
 
24,229
 
 
 
24,229
 
 
 
-
 
 
 
24,229
 
 
 
-
 
Other Borrowed Money
 
 
56,000
 
 
 
56,251
 
 
 
-
 
 
 
56,251
 
 
 
-
 
 
 
Fair Value Measurements at
 
 
 
December 31, 2016
 
 
 
Carrying
 
 
Estimated
 
 
Level
 
 
Level
 
 
Level
 
 
 
Value
 
 
Fair Value
 
 
1
 
 
2
 
 
3
 
                                         
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
     
-
 
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
 
June 30, 2017
 
Value
 
 
(Level 1)
 
 
Inputs (Level 2)
 
 
(Level 3)
 
                                 
Recurring
Securities Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government Agencies
Mortgage-Backed
 
$
330,742
 
 
$
-
 
 
$
330,742
 
 
$
-
 
State, County and Municipal
 
 
4,904
 
 
 
-
 
 
 
4,328
 
 
 
576
 
Corporate Bonds
 
 
2,064
 
 
 
 
 
 
 
2,064
 
 
 
-
 
 
 
$
337,710
 
 
$
-
 
 
$
337,134
 
 
$
576
 
                                 
Nonrecurring
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired Loans
 
$
6,090
 
 
$
-
 
 
$
-
 
 
$
6,090
 
                                 
Other Real Estate
 
$
1,857
 
 
$
-
 
 
$
-
 
 
$
1,857
 
 
 
 
 
 
 
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, 2016
 
Value
 
 
(Level 1)
 
 
Inputs (Level 2)
 
 
(Level 3)
 
                                 
Recurring
Securities Available for Sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Government Agencies
Mortgage-Backed
  $
319,097
    $
-
    $
319,097
    $
-
 
State, County and Municipal
   
4,561
     
-
     
3,985
     
576
 
    $
323,658
    $
-
    $
323,082
    $
576
 
                                 
Nonrecurring
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired Loans
  $
6,952
    $
-
    $
-
    $
6,952
 
                                 
Other Real Estate
  $
2,505
    $
-
    $
-
    $
2,505
 
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
 
 
 
 
 
Valuation
 
Unobservable
 
Range
 
 
 
June 30, 2017
 
Techniques
 
Inputs
 
Weighted Avg
 
                           
                           
Real Estate
                         
Commercial Construction
 
$
67
 
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
 
 
21
 
Sales Comparison
 
Adjustment for Differences
 
 
(22.00
)%
 -
(6.00)%
 
 
 
 
 
 
 
 
Between the Comparable Sales
 
 
 
(14.00
)%
 
 
                           
 
 
 
 
 
 
 
Management Adjustments for
 
 
10.00%
 -
25.00%
 
 
 
 
 
 
 
 
Age of Appraisals and/or Current
 
 
 
17.50%
 
 
 
 
 
 
 
 
 
Market Conditions
 
 
 
 
 
 
                           
Commercial Real Estate
 
 
5,652
 
Sales Comparison
 
Management Adjustments for
 
 
0.00%
 -
 10.00%
 
 
 
 
 
 
 
 
Age of Appraisals and/or Current
 
 
 
5.00%
 
 
 
 
 
 
 
 
 
Market Conditions
 
 
 
 
 
 
                           
 
 
 
 
 
Income Approach
 
Capitalization Rate
 
 
 
10.67%
 
 
                           
Farmland
 
 
350
 
Sales Comparison
 
Adjustment for Differences
 
 
0.00%
 - 
15.00%
 
 
 
 
 
 
 
 
Between the Comparable Sales
 
 
 
7.50%
 
 
                           
 
 
 
 
 
 
 
Management Adjustments for
 
 
10.00%
 -
 75.00%
 
 
 
 
 
 
 
 
Age of Appraisals and/or Current
 
 
 
42.50%
 
 
 
 
 
 
 
 
 
Market Conditions
 
 
 
 
 
 
                           
Other Real Estate Owned
 
 
1,857
 
Sales Comparison
 
Adjustment for Differences
 
 
(15.00
)%
 - 
37.60%
 
 
 
 
 
 
 
 
Between the Comparable Sales
 
 
 
11.30%
 
 
                     
 
   
 
 
 
 
 
 
 
Management Adjustments for
 
 
6.25%
 - 
81.27%
 
 
 
 
 
 
 
 
Age of Appraisals and/or Current
 
 
 
31.23%
 
 
 
 
 
 
 
 
 
Market Conditions
 
 
 
 
 
 
 
 
 
 
 
Valuation
 
Unobservable
 
Range
 
 
 
December 31, 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
   
1,105
 
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
   
5,445
 
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
   
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
   
2,505
 
Sales Comparison
 
Adjustment for Differences
   
(50.80)%
 -
316.00%
 
     
 
 
 
 
Between the Comparable Sales
   
 
132.60%
 
 
                           
     
 
 
 
 
Management Adjustment for
   
6.25% 
-
76.92%
 
     
 
 
 
 
Age of Appraisals and/or Current
   
 
36.31%
 
 
     
 
 
 
 
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
 
 
 
June 30, 2017
 
 
December 31, 2016
 
                 
Balance, Beginning
 
$
576
 
  $
930
 
Transfers out of Level 3
 
 
-
 
   
-
 
Maturities
   
 
     
(330
)
Loss on OTTI Impairment Included
in Noninterest Income
 
 
-
 
   
-
 
Unrealized Gains included in Other
Comprehensive Income (Loss)
 
 
-
 
   
(24
)
                 
                 
Balance, Ending
 
$
576
 
  $
576
 
Fair Value, Inputs, Level 3 [Member]  
Notes Tables  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
 
 
 
 
 
Valuation
 
Unobservable
 
Range
 
 
 
Fair Value
 
Techniques
 
Inputs
 
Weighted Avg
 
                       
State, County and Municipal
 
$
576
 
Discounted Cash Flow
 
Discount Rate
   
N/A*