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Note 12 - Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2017
Notes Tables  
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, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities
  $
94,883
    $
-
    $
94,883
    $
-
 
Obligations of states and political subdivisions
   
129,595
     
-
     
129,595
     
-
 
Mortgage-backed securities – residential
   
212,639
     
-
     
212,639
     
-
 
Mortgage-backed securities – commercial
   
47,535
     
-
     
47,535
     
-
 
Corporate debt securities
   
7,393
     
-
     
7,393
     
-
 
Mutual funds and equity securities
   
861
     
861
     
-
     
-
 
Total
  $
492,906
    $
861
    $
492,045
    $
-
 
           
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, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Obligations of U.S. government-sponsored entities
  $
71,694
    $
-
    $
71,694
    $
-
 
Obligations of states and political subdivisions
   
132,292
     
-
     
132,292
     
-
 
Mortgage-backed securities – residential
   
224,307
     
-
     
224,307
     
-
 
Mortgage-backed securities – commercial
   
45,613
     
-
     
45,613
     
-
 
Corporate debt securities
   
6,125
     
-
     
6,125
     
-
 
Mutual funds and equity securities
   
833
     
833
     
-
     
-
 
Total
  $
480,864
    $
833
    $
480,031
    $
-
 
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, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collateral-dependent
Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage – residential
  $
353
    $
-
    $
-
    $
353
 
Commercial, financial, and agriculture
   
64
     
-
     
-
     
64
 
Total
  $
417
    $
-
    $
-
    $
417
 
                                 
OREO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
  $
1,231
     
-
     
-
     
1,231
 
Residential real estate
   
27
     
-
     
-
     
27
 
Farmland and other commercial enterprises
   
132
     
-
     
-
     
132
 
Total
  $
1,390
    $
-
    $
-
    $
1,390
 
           
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, 201
6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Collateral-dependent
Impaired Loans
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Real estate mortgage – construction and land development
  $
2,909
    $
-
    $
-
    $
2,909
 
Real estate mortgage – residential
   
3,137
     
-
     
-
     
3,137
 
Real estate mortgage – farmland and other commercial enterprises
   
351
     
 
     
 
     
351
 
Total
  $
6,397
    $
-
    $
-
    $
6,397
 
                                 
OREO
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
  $
4,883
    $
-
    $
-
    $
4,883
 
Residential real estate
   
234
     
-
     
-
     
234
 
Farmland and other commercial enterprises
   
1,070
     
-
     
-
     
1,070
 
Total
  $
6,187
    $
-
    $
-
    $
6,187
 
Asset Impairment Charges on Assets Nonrecurring [Table Text Block]
(In thousands)
               
Three months ended March 31,
 
2017
   
2016
 
Impairment charges:
               
Collateral-dependent impaired loans
  $
65
    $
41
 
OREO
   
110
     
597
 
Total
  $
175
    $
638
 
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, 2017
                             
Collateral-dependent impaired loans
  $
417
 
Discounted appraisals
Marketability discount
 
0%
-
37.0%
     
6.4
%
OREO
  $
1,390
 
Discounted appraisals
Marketability discount
 
5.4%
-
55.9%
     
44.0
%
December 31, 2016
                           
Collateral-dependent impaired loans
  $
6,397
 
Discounted appraisals
Marketability discount
 
0%
-
67.8%
     
3.5
%
OREO
  $
6,187
 
Discounted appraisals
Marketability discount
 
0%
-
50.0%
     
11.2
%
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)
 
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
  $
95,564
    $
95,564
    $
95,564
    $
-
    $
-
 
Held to maturity investment securities
   
3,475
     
3,600
     
-
     
3,600
     
-
 
Loans, net
   
980,326
     
980,178
     
-
     
-
     
980,178
 
Accrued interest receivable
   
4,585
     
4,585
     
-
     
4,585
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
13,410
     
13,410
     
-
     
-
     
13,410
 
                                         
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
   
1,388,077
     
1,388,247
     
1,128,850
     
-
     
259,397
 
Federal funds purchased and short-term securities sold under agreements to repurchase
   
32,786
     
32,786
     
-
     
32,786
     
-
 
Securities sold under agreements to repurchase and other long-term borrowings
   
14,892
     
15,215
     
-
     
15,215
     
-
 
Subordinated notes payable to unconsolidated trusts
   
33,506
     
21,521
     
-
     
-
     
21,521
 
Accrued interest payable
   
289
     
289
     
-
     
289
     
-
 
                                         
December 31, 201
6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
  $
113,534
    $
113,534
    $
113,534
    $
-
    $
-
 
Held to maturity investment securities
   
3,488
     
3,597
     
-
     
3,597
     
-
 
Loans, net
   
961,631
     
962,437
     
-
     
-
     
962,437
 
Accrued interest receivable
   
5,019
     
5,019
     
-
     
5,019
     
-
 
Federal Home Loan Bank and Federal Reserve Bank Stock
   
9,840
     
9,840
     
-
     
-
     
9,840
 
                                         
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
   
1,369,907
     
1,369,567
     
1,099,211
     
-
     
270,356
 
Federal funds purchased and short-term securities sold under agreements to repurchase
   
35,085
     
35,085
     
-
     
35,085
     
-
 
Securities sold under agreements to repurchase and other long-term borrowings
   
19,931
     
20,410
     
-
     
20,410
     
-
 
Subordinated notes payable to unconsolidated trusts
   
33,506
     
21,234
     
-
     
-
     
21,234
 
Accrued interest payable
   
321
     
321
     
-
     
321
     
-