XML 29 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 18 - Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements Using

 

(In thousands)


Available For Sale Investment Securities

 

Fair Value

   

Quoted Prices in

Active Markets for

Identical Assets
(Level 1)

   

Significant Other

Observable

Inputs
(Level 2)

   

Significant

Unobservable

Inputs
(Level 3)

 
                                 

December 31, 2013

                               

Obligations of U.S. government-sponsored entities

  $ 93,750     $ -     $ 93,750     $ -  

Obligations of states and political subdivisions

    131,970       -       131,970       -  

Mortgage-backed securities – residential

    378,077       -       378,077       -  

Mortgage-backed securities – commercial

    689       -       689       -  

Corporate debt securities

    6,257       -       6,257       -  

Mutual funds and equity securities

    2,077       2,077       -       -  

Total

  $ 612,820     $ 2,077     $ 610,743     $ -  
                                 

December 31, 2012

                               

Obligations of U.S. government-sponsored entities

  $ 76,095     $ -     $ 76,095     $ -  

Obligations of states and political subdivisions

    118,755       -       118,755       -  

Mortgage-backed securities – residential

    370,439       -       370,439       -  

Corporate debt securities

    5,826       -       5,826       -  

Mutual funds and equity securities

    1,993       1,993       -       -  

Total

  $ 573,108     $ 1,993     $ 571,115     $ -  
Fair Value Measurements, Nonrecurring [Table Text Block]
           

Fair Value Measurements Using

 

(In thousands)



Description

 

Fair Value

   

Quoted Prices in

Active Markets

for Identical

Assets
(Level 1)

   

Significant

Other

Observable

Inputs
(Level 2)

   

Significant

Unobservable

Inputs
(Level 3)

 

December 31, 2013

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage - construction and land development

  $ 334     $ -     $ -     $ 334  

Real estate mortgage - residential

    2,085       -       -       2,085  

Real estate mortgage - farmland and other commercial enterprises

    3,152       -       -       3,152  

Commercial and industrial

    88       -       -       88  

Total

  $ 5,659     $ -     $ -     $ 5,659  
                                 

OREO

                               

Construction and land development

  $ 14,465     $ -     $ -     $ 14,465  

Residential real estate

    1,116       -       -       1,116  

Farmland and other commercial enterprises

    9,152       -       -       9,152  

Total

  $ 24,733     $ -     $ -     $ 24,733  
           

Fair Value Measurements Using

 

(In thousands)



Description

 

Fair Value

   

Quoted Prices in

Active Markets

for Identical

Assets
(Level 1)

   

Significant

Other

Observable

Inputs
(Level 2)

   

Significant

Unobservable

Inputs
(Level 3)

 

December 31, 2012

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage - construction and land development

  $ 17,921     $ -     $ -     $ 17,921  

Real estate mortgage - residential

    2,273       -       -       2,273  

Real estate mortgage - farmland and other commercial enterprises

    3,523       -       -       3,523  

Commercial and industrial

    9       -       -       9  

Consumer - secured

    4       -       -       4  

Consumer - unsecured

    113       -       -       113  

Total

  $ 23,843     $ -     $ -     $ 23,843  
                                 

OREO

                               

Construction and land development

  $ 15,873     $ -     $ -     $ 15,873  

Residential real estate

    1,483       -       -       1,483  

Farmland and other commercial enterprises

    3,826       -       -       3,826  

Total

  $ 21,182     $ -     $ -     $ 21,182  
Asset Impairment Charges [Text Block]
             

(In thousands)

Years Ended December 31,

 

2013

   

2012

 

Impairment charges:

               

Collateral-dependent impaired loans

  $ 787     $ 4,755  

OREO

    4,689       3,120  

Total

  $ 5,476     $ 7,875  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
                     

(In thousands)

 

Fair Value at
December 31, 2013

 

Valuation Technique

Unobservable Inputs

 

Range

 

Weighted Average

 

Collateral-dependent impaired loans

  $ 5,659  

Discounted appraisals

Marketability discount

  0% - 6.3%     1.6 %

OREO

  $ 24,733  

Discounted appraisals

Marketability discount

  .8% - 67.5%     11.3 %
Fair Value, by Balance Sheet Grouping [Table Text Block]
                   

Fair Value Measurements Using

 

(In thousands)

 

Carrying
Amount

   

Fair
Value

   

Quoted Prices in Active Markets for Identical Assets
(Level 1)

   

Significant Other Observable Inputs
(Level 2)

   

Significant Unobservable Inputs
(Level 3)

 

December 31, 2013

                                       

Assets

                                       

Cash and cash equivalents

  $ 68,253     $ 68,253     $ 68,253     $ -     $ -  

Held to maturity investment securities

    765       827       -       827       -  

Loans, net

    979,306       977,846       -       -       977,846  

Accrued interest receivable

    5,901       5,901       -       5,901       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,516    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,410,215       1,412,572       938,700       -       473,872  

Federal funds purchased and other short-term borrowings

    29,123       29,123       -       29,123       -  

Securities sold under agreements to repurchase and other long-term borrowings

    127,880       139,375       -       139,375       -  

Subordinated notes payable to unconsolidated trusts

    48,970       26,070       -       -       26,070  

Accrued interest payable

    1,137       1,137       -       1,137       -  
                                         

December 31, 2012

                                       

Assets

                                       

Cash and cash equivalents

  $ 95,855     $ 95,855     $ 95,855     $ -     $ -  

Held to maturity investment securities

    820       956       -       956       -  

Loans, net

    980,550       979,301       -       -       979,301  

Accrued interest receivable

    6,074       6,074       -       6,074       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,516    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,410,810       1,414,395       870,145       -       544,250  

Federal funds purchased and other short-term borrowings

    24,083       24,083       -       24,083       -  

Securities sold under agreements to repurchase and other long-term borrowings

    129,297       148,680       -       148,680       -  

Subordinated notes payable to unconsolidated trusts

    48,970       21,015       -       -       21,015  

Accrued interest payable

    1,370       1,370       -       1,370       -