Note 12 - Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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)
June 30, 2017
Obligations of U.S. government-sponsored entities	$	79,517	$	-	$	79,517	$	-
Obligations of states and political subdivisions		126,573		-		126,573		-
Mortgage-backed securities – residential		202,163		-		202,163		-
Mortgage-backed securities – commercial		46,826		-		46,826		-
Corporate debt securities		7,666		-		7,666		-
Mutual funds and equity securities		875		875		-		-
Total	$	463,620	$	875	$	462,745	$	-

			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)
June 30, 2017
Collateral-dependent Impaired Loans
Real estate mortgage – construction and land development	$	1,315	$	-	$	-	$	1,315
Real estate mortgage – residential		395		-		-		395
Commercial, financial, and agriculture		13		-		-		13
Total	$	1,723	$	-	$	-	$	1,723
OREO
Construction and land development	$	2,588	$	-	$	-	$	2,588
Residential real estate		90		-		-		90
Farmland and other commercial enterprises		729		-		-		729
Total	$	3,407	$	-	$	-	$	3,407

			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]

	Three months ended				Six months ended
	June 30,				June 30,
(In thousands)	2017		2016		2017		2016
Impairment charges:
Collateral-dependent impaired loans	$	25	$	494	$	27	$	524
OREO		138		116		202		566
Total	$	163	$	610	$	229	$	1,090

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

(In thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range				Average
June 30, 2017
Collateral-dependent impaired loans	$	1,723	Discounted appraisals	Marketability discount		0%	-	10.7%		4.1	%
OREO	$	3,407	Discounted appraisals	Marketability discount		0%	-	40.5%		20.2	%
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)
June 30, 2017
Assets
Cash and cash equivalents	$	98,014	$	98,014	$	98,014	$	-	$	-
Held to maturity investment securities		3,461		3,617		-		3,617		-
Loans, net		979,827		973,781		-		-		973,781
Accrued interest receivable		4,707		4,707		-		4,707		-
Federal Home Loan Bank and Federal Reserve Bank Stock		13,410		13,410		-		-		13,410
Liabilities
Deposits		1,352,838		1,352,783		1,109,354		-		243,429
Securities sold under agreements to repurchase		32,569		32,576		-		32,576		-
Federal Home Loan Bank advances		13,562		13,855		-		13,855		-
Subordinated notes payable to unconsolidated trusts		33,506		21,110		-		-		21,110
Accrued interest payable		279		279		-		279		-
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
Securities sold under agreements to repurchase		36,370		36,381		-		36,381		-
Federal Home Loan Bank advances		18,646		19,114		-		19,114		-
Subordinated notes payable to unconsolidated trusts		33,506		21,234		-		-		21,234
Accrued interest payable		321		321		-		321		-