XML 64 R48.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 19 - Fair Value Measurements (Tables)
 12 Months Ended
Dec. 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)

  
                                 

December 31, 2015

                                

Obligations of U.S. government-sponsored entities

   $ 106,906     $ -     $ 106,906     $ -  

Obligations of states and political subdivisions

     150,266       -       150,266       -  

Mortgage-backed securities – residential

     297,861       -       297,861       -  

Mortgage-backed securities – commercial

     20,584       -       20,584       -  

Corporate debt securities

     5,840       -       5,840       -  

Mutual funds and equity securities

     745       745       -       -  

Total

   $ 582,202     $ 745     $ 581,457     $ -  
                                 

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)

  

December 31, 2015

                                

Collateral-dependent Impaired Loans

                                

Real estate mortgage – construction and land development

   $ 2,908     $ -     $ -     $ 2,908  

Real estate mortgage – residential

     3,720       -       -       3,720  

Total

   $ 6,628     $ -     $ -     $ 6,628  
                                 

OREO

                                

Construction and land development

   $ 2,252     $ -     $ -     $ 2,252  

Residential real estate

     406       -       -       406  

Farmland and other commercial enterprises

     2,868       -       -       2,868  

Total

   $ 5,526     $ -     $ -     $ 5,526  
               
           

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)

Years Ended December 31,

  

2015

    

2014

  

Impairment charges:

                

Collateral-dependent impaired loans

   $ 259     $ 575  

OREO

     768       1,595  

Total

   $ 1,027     $ 2,170  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
                       

(In thousands)

  

Fair Value

 

Valuation Technique

Unobservable Inputs

  

Range

    

Weighted Average

  

December 31, 2015

                              

Collateral-dependent impaired loans

   $ 6,628  

Discounted appraisals

Marketability discount

   0% - 8.3%       7.9 %

OREO

   $ 5,526  

Discounted appraisals

Marketability discount

   2.3% - 26.9%       6.5 %

December 31, 2014

                              

Collateral-dependent impaired loans

   $ 1,570  

Discounted appraisals

Marketability discount

   0% - 6.0%       1.0 %

OREO

   $ 14,445  

Discounted appraisals

Marketability discount

   1.3% - 19.9%       6.2 %
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, 2015

                                        

Assets

                                        

Cash and cash equivalents

   $ 120,493     $ 120,493     $ 120,493     $ -     $ -  

Held to maturity investment securities

     3,611       3,809       -       3,809       -  

Loans, net

     948,960       945,809       -       -       945,809  

Accrued interest receivable

     5,392       5,392       -       5,392       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

     9,368       N/A       -       -       -  
                                         

Liabilities

                                        

Deposits

     1,368,994       1,369,016       1,043,616       -       325,400  

Federal funds purchased and other short-term borrowings

     34,353       34,353       -       34,353       -  

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

     120,280       126,964       -       126,964       -  

Subordinated notes payable to unconsolidated trusts

     48,970       31,515       -       -       31,515  

Accrued interest payable

     851       851       -       851       -  
                                         

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       -