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Note 11 - Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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)

 
                                 

March 31, 2015

                               

Obligations of U.S. government-sponsored entities

  $ 135,663     $ -     $ 135,663     $ -  

Obligations of states and political subdivisions

    142,497       -       142,497       -  

Mortgage-backed securities – residential

    351,914       -       351,914       -  

Mortgage-backed securities – commercial

    11,807       -       11,807       -  

Corporate debt securities

    6,381       -       6,381       -  

Mutual funds and equity securities

    776       776       -       -  

Total

  $ 649,038     $ 776     $ 648,262     $ -  
               
           

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, 2014

                               

Obligations of U.S. government-sponsored entities

  $ 109,448     $ -     $ 109,448     $ -  

Obligations of states and political subdivisions

    135,766       -       135,766       -  

Mortgage-backed securities – residential

    370,489       -       370,489       -  

Mortgage-backed securities – commercial

    2,512       -       2,512       -  

Corporate debt securities

    6,307       -       6,307       -  

Mutual funds and equity securities

    1,866       1,866       -       -  

Total

  $ 626,388     $ 1,866     $ 624,522     $ -  
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)

 
                                 

March 31, 2015

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage – residential

  $ 177     $ -     $ -     $ 177  

Real estate mortgage – farmland and other commercial enterprises

    242       -       -       242  

Total

  $ 419     $ -     $ -     $ 419  
                                 

OREO

                               

Total

  $ -     $ -     $ -     $ -  
               
           

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, 2014

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage - construction and land development

  $ 284     $ -     $ -     $ 284  

Real estate mortgage - residential

    946       -       -       946  

Real estate mortgage - farmland and other commercial enterprises

    340       -       -       340  

Total

  $ 1,570     $ -     $ -     $ 1,570  
                                 

OREO

                               

Construction and land development

  $ 8,123     $ -     $ -     $ 8,123  

Residential real estate

    863       -       -       863  

Farmland and other commercial enterprises

    5,459       -       -       5,459  

Total

  $ 14,445     $ -     $ -     $ 14,445  
Asset Impairment Charges on Assets Nonrecurring [Table Text Block]
                 

(In thousands)

               

Three months ended March 31,

 

2015

   

2014

 

Impairment charges:

               

Collateral-dependent impaired loans

  $ 49     $ 940  

OREO

    -       906  

Total

  $ 49     $ 1,846  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
                       

(In thousands)

 

Fair Value at
March 31, 2015

 

Valuation Technique

Unobservable Inputs

 

Range

   

Average

 

Collateral-dependent impaired loans

  $ 419  

Discounted appraisals

Marketability discount

    0%-10.0 %     8.3 %

OREO

  $ -  

Discounted appraisals

Marketability discount

    - %     - %
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)

 

March 31, 2015

                                       

Assets

                                       

Cash and cash equivalents

  $ 118,848     $ 118,848     $ 118,848     $ -     $ -  

Held to maturity investment securities

    3,715       3,905       -       3,905       -  

Loans, net

    914,783       917,747       -       -       917,747  

Accrued interest receivable

    5,361       5,361       -       5,361       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,368    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,416,376       1,417,528       1,041,526       -       376,002  

Federal funds purchased and other short-term borrowings

    26,383       26,383       -       26,383       -  

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

    119,690       129,110       -       129,110       -  

Subordinated notes payable to unconsolidated trusts

    48,970       22,471       -       -       22,471  

Accrued interest payable

    885       885       -       885       -  
                                         

December 31, 2014

                                       

Assets

                                       

Cash and cash equivalents

  $ 100,914     $ 100,914     $ 100,914     $ -     $ -  

Held to maturity investment securities

    3,728       3,923       -       3,923       -  

Loans, net

    917,975       918,697       -       -       918,697  

Accrued interest receivable

    5,625       5,625       -       5,625       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,368    

N/A

      -       -       -  
                                         

Liabilities

                                       

Deposits

    1,387,161       1,388,614       991,630       -       396,984  

Federal funds purchased and other short-term borrowings

    28,590       28,590       -       28,590       -  

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

    119,724       129,244       -       129,244       -  

Subordinated notes payable to unconsolidated trusts

    48,970       22,594       -       -       22,594  

Accrued interest payable

    944       944       -       944       -