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Note 12 - Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
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, 2016

                               

Obligations of U.S. government-sponsored entities

  $ 122,151     $ -     $ 122,151     $ -  

Obligations of states and political subdivisions

    128,966       -       128,966       -  

Mortgage-backed securities – residential

    306,958       -       306,958       -  

Mortgage-backed securities – commercial

    21,710       -       21,710       -  

Corporate debt securities

    6,027       -       6,027       -  

Mutual funds and equity securities

    870       870       -       -  

Total

  $ 586,682     $ 870     $ 585,812     $ -  
           

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     $ -  
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, 2016

                               

Collateral-dependent Impaired Loans

                               

Real estate mortgage – residential

  $ 88     $ -     $ -     $ 88  

Real estate mortgage – farmland and other commercial enterprises

    5       -       -       5  

Total

  $ 93     $ -     $ -     $ 93  
                                 

OREO

                               

Construction and land development

  $ 2,442       -       -       2,442  

Residential real estate

    14       -       -       14  

Farmland and other commercial enterprises

    423       -       -       423  

Total

  $ 2,879     $ -     $ -     $ 2,879  
           

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  
Asset Impairment Charges on Assets Nonrecurring [Table Text Block]
                 

(In thousands)

               

Three months ended March 31,

 

2016

   

2015

 

Impairment charges:

               

Collateral-dependent impaired loans

  $ 41     $ 49  

OREO

    597       -  

Total

  $ 638     $ 49  
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]
                     

(In thousands)

 

Fair Value

 

Valuation Technique

Unobservable Inputs

 

Range

 

Average

 

March 31, 2016

                           

Collateral-dependent impaired loans

  $ 93  

Discounted appraisals

Marketability discount

    - %     - %

OREO

  $ 2,879  

Discounted appraisals

Marketability discount

   2.7% - 45.4%     22.1 %

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 %
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, 2016

                                       

Assets

                                       

Cash and cash equivalents

  $ 114,288     $ 114,288     $ 114,288     $ -     $ -  

Held to maturity investment securities

    3,598       3,826       -       3,826       -  

Loans, net

    952,461       946,067       -       -       946,067  

Accrued interest receivable

    5,111       5,111       -       5,111       -  

Federal Home Loan Bank and Federal Reserve Bank Stock

    9,840       N/A       -       -       -  
                                         

Liabilities

                                       

Deposits

    1,374,459       1,374,490       1,063,722       -       310,768  

Federal funds purchased and other short-term borrowings

    34,487       34,487       -       34,487       -  

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

    120,044       126,507       -       126,507       -  

Subordinated notes payable to unconsolidated trusts

    33,506       19,539       -       -       19,539  

Accrued interest payable

    845       845       -       845       -  
                                         

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       -