Note 12 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 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)
September 3 0 , 201 7
Obligations of U.S. government-sponsored entities	$	72,740	$	-	$	72,740	$	-
Obligations of states and political subdivisions		121,587		-		121,587		-
Mortgage-backed securities – residential		199,599		-		199,599		-
Mortgage-backed securities – commercial		45,060		-		45,060		-
Corporate debt securities		7,624		-		7,624		-
Mutual funds and equity securities		905		905		-		-
Total	$	447,515	$	905	$	446,610	$	-

			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, 201 6
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)
September 3 0 , 201 7
Collateral-dependent Impaired Loans
Real estate mortgage – construction and land development	$	1,324	$	-	$	-	$	1,324
Real estate mortgage – residential		769		-		-		769
Real estate mortgage – farmland and other commercial enterprises		962		-		-		962
Total	$	3,055	$	-	$	-	$	3,055
OREO
C onstruction and land development	$	3,118	$	-	$	-	$	3,118
R esidential real estate		204		-		-		204
F armland and other commercial enterprises		836		-		-		836
Total	$	4,158	$	-	$	-	$	4,158

			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					Nine months ended
	September 30,					September 30,
(In thousands)	201 7			201 6		2017		2016
Net (increase) decrease in fair value:
Collateral-dependent i mpaired loans	$	(3	)	$	33	$	12	$	540
OREO		235			599		435		1,165
Total	$	232		$	632	$	447	$	1,705

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

(In thousands)	Fair Value		Valuation Technique	Unobservable Inputs	Range			Average
September 30, 2017
Collateral-dependent i mpaired loans	$	3,055	Discounted appraisals	Marketability discount	1.1%	-	22.8%		9.7	%
OREO	$	4,158	Discounted appraisals	Marketability discount	0%	-	52.4%		17.5	%
December 31, 201 6
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)
September 3 0 , 201 7
Assets
Cash and cash equivalents	$	117,608	$	117,608	$	117,608	$	-	$	-
Held to maturity investment securities		3,448		3,597		-		3,597		-
Loans, net		986,063		976,344		-		-		976,344
Accrued interest receivable		4,695		4,695		-		4,695		-
Federal Home Loan Bank and Federal Reserve Bank Stock		13,235		13,235		-		-		13,235
Liabilities
Deposits		1,361,824		1,361,653		1,128,645		-		233,008
S ecurities sold under agreements to repurchase		35,537		35,542		-		35,542		-
Federal Home Loan Bank advances		3,521		3,608		-		3,608		-
Subordinated notes payable to unconsolidated trusts		33,506		21,142		-		-		21,142
Accrued interest payable		344		344		-		344		-
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
S ecurities 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		-