qnbc20160201

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

2. RECENT ACCOUNTING PRONOUNCEMENTS

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09,

Revenue from Contracts with Customers (Topic 606).

This ASU was issued to help improve comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets. The ASU’s core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This ASU is effective for annual reporting periods beginning after December 15, 2018, including interim periods within that reporting period. Early adoption is permitted for annual reporting periods beginning after December 31, 2015. QNB does not anticipate the adoption of this guidance will have a material impact on its consolidated financial statements.

On January 9, 2015, the FASB issued ASU 2015-01,

Extraordinary and Unusual Items (Subtopic 225-20)

which eliminates from U.S. Generally Accepted Accounting Principles (GAAP) the concept of an extraordinary item. The Board released the new guidance as part of its simplification initiative, which, as explained in the ASU, is intended to “identify, evaluate, and improve areas of U.S. GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to the users of financial statements.” To be considered an extraordinary item under existing U.S. GAAP, an event or transaction must be unusual in nature and must occur infrequently. Stakeholders often questioned the decision-usefulness of labeling a transaction or event as extraordinary and indicated that it is difficult to ascertain whether an event or transaction satisfies both criteria. In light of this feedback and in a manner consistent with its simplification initiative, the FASB decided to eliminate the concept of an extraordinary item. As a result, an entity will no

longer (1) segregate an extraordinary item from the results of ordinary operations; (2) separately present an extraordinary item on its income statement, net of tax, after income from continuing operations; and (3) disclose income taxes and earnings-per-share data applicable to an extraordinary item. However, the ASU does not affect the reporting and disclosure requirements for an event that is unusual in nature or that occurs infrequently. For all entities, the ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods. Entities may apply the guidance prospectively or retrospectively to all prior periods presented in the financial statements. If an entity chooses to apply the guidance prospectively, it must disclose whether amounts included in income from continuing operations after adoption of the ASU are related to events and transactions previously recognized and classified as extraordinary items before the date of adoption. The adoption of this guidance did not have a material impact on QNB’s consolidated financial statements.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

2. RECENT ACCOUNTING PRONOUNCEMENTS (continued)

On February 18, 2015, the FASB issued ASU 2015-02,

Consolidation (Topic 810): Amendments to the Consolidation Analysis

, which amends the consolidation requirements in ASC 810 and significantly changes the consolidation analysis required under U.S. GAAP. The amendments include the following:

●

On April 7, 2015, the FASB issued ASU 2015-03,

Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs

, which changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. For public business entities, the guidance in the ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is allowed for all entities for financial statements that have not been previously issued. Entities would apply the new guidance retrospectively to all prior periods (i.e., the balance sheet for each period is adjusted). QNB has no debt issued at this time so the adoption of this ASU did not have a material impact on the Company.

On January 5, 2016, the FASB issued ASU 2016-01,

Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities

. This ASU was issued to enhance the reporting model for financial instruments to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. It will require the following:

●

Equity investments with readily determinable fair values must be measured at fair value with changes in fair value recognized in net income.

●

Entities must assess whether a valuation allowance is required for deferred tax assets related to available-for-sale debt securities.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

2. RECENT ACCOUNTING PRONOUNCEMENTS (continued)

On February 25, 2016, the FASB issued ASU 2016-02,

Leases (Topic 842)

. This new standard on accounting for leases introduces a lessee model that brings most leases on the balance sheet, but recognizes expenses in the income statement similar to how items are recorded today. The new standard eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The ASU also eliminates the current real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs and lease executory costs for all entities. All entities will classify leases to determine how to recognize the related revenue and expense and this classification will affect amounts that lessors record on the balance sheet. The new guidance will be effective for public companies for annual periods beginning after December 15, 2018, and interim periods therein. Early adoption is permitted. QNB is evaluating the impact of this new standard on its consolidated financial statements.

On March 15, 2016, the FASB issued ASU 2016-07,

Investments – Equity Method and Joint Ventures (Topic 323), Simplifying the Transition to the Equity Method of Accounting

. This ASU simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. The ASU further requires that unrealized holding gains or losses in accumulated other comprehensive income related to an available-for-sale security that becomes eligible for the equity method be recognized in earnings as of the date on which the investment qualifies for the equity method. The guidance in the ASU is effective for all entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years; early adoption is permitted for all entities. QNB does not anticipate the adoption of this guidance will have a material impact on its consolidated financial statements.

On March 17, 2016, the FASB issued ASU 2016-08,

Revenue from Contracts with Customers (Topic 606), Principal versus Agent Considerations (Reporting Revenue Gross versus Net)

. This ASU amends the principal-versus agent implementation guidance and illustrations in the Board’s new revenue standard (ASU 2014-09). The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard’s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle. This ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. The ASU has the same effective date as the new revenue standard (as amended by the one-year deferral and the early adoption provisions in ASU 2015-14).

On March 30, 2016, the FASB issued ASU 2016-09,

Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting

. This ASU simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. Entities will be required to recognize the income tax effects of awards in the income statement when awards vest or are settled which will eliminate additional-paid-in-capital or APIC pools. For public companies, the ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods.

QNB is evaluating this new standard, but does not anticipate the adoption of this guidance will have a material impact on its consolidated financial statements.

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=66092750

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

+ Details

XML 24 R13.htm IDEA: XBRL DOCUMENT

Note 3 - Stock-based Compensation and Shareholders' Equity

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

3. STOCK-BASED COMPENSATION AND SHAREHOLDERS’ EQUITY

The following assumptions were used in the option pricing model in determining the fair value of options granted during the period:

Three months ended March 31,	2016			2015
Risk free interest rate		1.14	%		1.06	%
Dividend yield		3.78			3.86
Volatility		22.62			26.74
Expected life (years)		4.20			5.00

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

3. STOCK-BASED COMPENSATION AND SHAREHOLDERS’ EQUITY (continued)

The fair market value of options granted in the first three months of 2016 and 2015 was $3.79 and $4.38, respectively.

Stock option activity during the three months ended March 31, 2016 and 2015 was as follows:

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (in years)		Aggregate intrinsic value
Outstanding at December 31, 2015		82,875		$	24.33
Granted		23,500			30.40
Exercised		(17,900	)		20.65
Forfeited		(9,225	)		25.77
Outstanding at March 31, 2016		79,250		$	26.79		3.22	$	264
Exercisable at March 31, 2016		24,125		$	22.38		1.37	$	184

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (in years)		Aggregate intrinsic value
Outstanding at December 31, 2014		88,375		$	23.27
Granted		21,000			29.25
Exercised		(10,875	)		17.58
Forfeited		(12,650	)		31.87
Outstanding at March 31, 2015		85,850		$	24.19		2.97	$	402
Exercisable at March 31, 2015		31,650		$	20.83		1.35	$	251

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

XML 25 R14.htm IDEA: XBRL DOCUMENT

Note 4 - Share Repurchase Plan	3 Months Ended
Note 4 - Share Repurchase Plan	Mar. 31, 2016
Notes to Financial Statements
Treasury Stock [Text Block]	4. SHARE REPURCHASE PLAN The Board of Directors has authorized the repurchase of up to 100,000 shares of its common stock in open market or privately negotiated transactions. The repurchase authorization does not bear a termination date. There were no shares repurchased during the three months ended March 31, 2016. As of March 31, 2016, 57,883 shares were repurchased under this authorization at an average price of $16.97 and a total cost of $982,000.

XML 26 R15.htm IDEA: XBRL DOCUMENT

Note 5 - Earnings Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Text Block]

5. EARNINGS PER SHARE

The following sets forth the computation of basic and diluted earnings per share:

Three months ended March 31,	2016		2015
Numerator for basic and diluted earnings per share - net income	$	2,265	$	2,136
Denominator for basic earnings per share - weighted average shares outstanding		3,369,782		3,321,688
Effect of dilutive securities - employee stock options		8,154		12,114
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,377,936		3,333,802
Earnings per share - basic	$	0.67	$	0.64
Earnings per share - diluted	$	0.67	$	0.64

XML 27 R16.htm IDEA: XBRL DOCUMENT

Note 6 - Comprehensive Income

3 Months Ended

Mar. 31, 2016

Comprehensive Income (Loss) Note [Text Block]

6. COMPREHENSIVE INCOME

The following shows the components of accumulated other comprehensive income at March 31, 2016 and December 31, 2015:

	March 31, 2016			December 31, 2015
Unrealized net holding gains (losses) on available-for-sale securities	$	3,538		$	(568	)
Unrealized losses on available-for-sale securities for which a portion of an other-than-temporary impairment loss has been recognized in earnings		(198	)		(259	)
Accumulated other comprehensive income (loss)		3,340			(827	)
Tax effect		(1,136	)		281
Accumulated other comprehensive income (loss), net of tax	$	2,204		$	(546	)

The following table presents amounts reclassified out of accumulated other comprehensive income for the three months ended March 31, 2016 and 2015:

	Amount reclassified from accumulated other comprehensive income
Details about accumulated other comprehensive income	2016			2015			Affected line item in the statement of income
Unrealized net holding gains on available-for-sale securities	$	389		$	503		Net gain on sale of investment securities
Other-than-temporary impairment losses on investment securities		(70	)		-		Net other-than-temporary impairment losses on investment securities
		319			503
Tax effect		(108	)		(171	)	Provision for income taxes
Total reclass out of accumulated other comprehensive income, net of tax	$	211		$	332		Net of tax

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

XML 28 R17.htm IDEA: XBRL DOCUMENT

Note 7 - Investment Securities

3 Months Ended

Mar. 31, 2016

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

7. INVESTMENT SECURITIES

Trading securities, at fair value, at March 31, 2016 and December 31, 2015 were as follows:

		March 31, 2016				December, 31 2015
State and municipal securities		$	4,006			$	4,189

The amortized cost and estimated fair values of investment securities available-for-sale at March 31, 2016 and December 31, 2015 were as follows:

March 31, 2016	Fair value		Gross unrealized holding gains		Gross unrealized holding losses			Amortized cost
U.S. Government agency	$	51,975	$	198	$	(37	)	$	51,814
State and municipal		75,310		1,822		(3	)		73,491
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		137,178		1,803		(61	)		135,436
Collateralized mortgage obligations (CMOs)		61,686		479		(335	)		61,542
Pooled trust preferred		2,655		269		(834	)		3,220
Corporate debt		9,078		23		(24	)		9,079
Equity		7,236		433		(393	)		7,196
Total investment securities available-for-sale	$	345,118	$	5,027	$	(1,687	)	$	341,778

December 31, 2015	Fair value		Gross unrealized holding gains		Gross unrealized holding losses			Amortized cost
U.S. Government agency	$	61,779	$	88	$	(490	)	$	62,181
State and municipal		78,954		1,554		(31	)		77,431
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		136,681		944		(920	)		136,657
Collateralized mortgage obligations (CMOs)		65,610		178		(1,178	)		66,610
Pooled trust preferred		2,653		259		(897	)		3,291
Corporate debt		9,004		15		(95	)		9,084
Equity		7,234		516		(770	)		7,488
Total investment securities available-for-sale	$	361,915	$	3,554	$	(4,381	)	$	362,742

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. INVESTMENT SECURITIES (continued)

March 31, 2016	Fair value		Amortized cost
Due in one year or less	$	6,069	$	6,020
Due after one year through five years		212,395		210,130
Due after five years through ten years		101,513		100,322
Due after ten years		17,905		18,110
Equity securities		7,236		7,196
Total investment securities available-for-sale	$	345,118	$	341,778

Proceeds from sales of investment securities available-for-sale were approximately $24,616,000 and $7,595,000 for the three months ended March 31, 2016 and 2015, respectively.

	Three months ended March 31, 2016										Three months ended March 31, 2015
	Gross realized gains		Gross realized losses			Other-than- temporary impairment losses			Net gains		Gross realized gains		Gross realized losses			Other-than- temporary impairment losses		Net gains
Equity securities	$	382		-		$	(70	)	$	312	$	426		-		$	-	$	426
Debt securities		80	$	(73	)		-			7		88	$	(11	)		-		77
Total	$	462	$	(73	)	$	(70	)	$	319	$	514	$	(11	)	$	-	$	503

The tax expense applicable to the net realized gains for the three-month periods ended March 31, 2016 and 2015 amounted to approximately $108,000 and $171,000, respectively.

QNB recognizes OTTI for debt securities classified as available-for-sale in accordance with FASB ASC 320,

Investments – Debt and Equity Securities

, which requires that we assess whether we intend to sell or it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis less any current-period credit losses. For debt securities that are considered other-than-temporarily impaired and that we do not intend to sell and will not be required to sell prior to recovery of our amortized cost basis, the amount of the impairment is separated into the amount that is credit related (credit loss component) and the amount due to all other factors. The credit loss component is recognized in earnings and is the difference between the security’s amortized cost basis and the present value of its expected future cash flows discounted at the security’s effective yield. The remaining difference between the security’s fair value and the present value of future expected cash flows is due to factors that are not credit related and, therefore, is not required to be recognized as a loss in the income statement, but is recognized in other comprehensive income. For equity securities, once a decline in value is determined to be other-than-temporary, the value of the equity security is reduced to fair value and a corresponding charge to earnings is recognized. QNB believes that we will fully collect the carrying value of securities on which we have recorded a non-credit related impairment in other comprehensive income.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. INVESTMENT SECURITIES (continued)

The following table presents a summary of the cumulative credit-related other-than-temporary impairment charges recognized as components of earnings for debt securities still held by QNB:

Three months ended March 31,	2016		2015
Balance, beginning of period	$	1,153	$	1,153
Reductions: gain on payoff		-		-
Additions:
Initial credit impairments		-		-
Subsequent credit impairments		-		-
Balance, end of period	$	1,153	$	1,153

The amortized cost and estimated fair values of investment securities held-to-maturity at March 31, 2016 and December 31, 2015 were as follows:

Held-To-Maturity
	March 31, 2016								December 31, 2015
	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Fair value		Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Fair value
State and municipal securities	$	147	$	3	$	-	$	150	$	147	$	4	$	-	$	151

March 31, 2016	Fair value		Amortized cost
Due in one year or less	$	150	$	147
Due after one year through five years		-		-
Due after five years through ten years		-		-
Due after ten years		-		-
Total investment securities held-to-maturity	$	150	$	147

There were no sales of investment securities classified as held-to-maturity during the three months ended March 31, 2016 or 2015.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. INVESTMENT SECURITIES (continued)

The following table indicates the length of time individual securities have been in a continuous unrealized loss position at March 31, 2016 and December 31, 2015:

March 31, 2016
			Less than 12 months					12 months or longer					Total
	No. of securities		Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
U.S. Government agency		7	$	8,971	$	(37	)	$	-	$	-		$	8,971	$	(37	)
State and municipal		6		1,128		(1	)		755		(2	)		1,883		(3	)
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		13		9,703		(16	)		9,731		(45	)		19,434		(61	)
Collateralized mortgage obligations (CMOs)		26		3,739		(21	)		23,981		(314	)		27,720		(335	)
Pooled trust preferred		5		-		-			2,224		(834	)		2,224		(834	)
Corporate debt		4		4,035		(24	)		-		-			4,035		(24	)
Equity		10		2,119		(160	)		671		(233	)		2,790		(393	)
Total		71	$	29,695	$	(259	)	$	37,362	$	(1,428	)	$	67,057	$	(1,687	)

December 31, 2015
			Less than 12 months					12 months or longer					Total
	No. of securities		Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
U.S. Government agency		32	$	40,949	$	(418	)	$	4,426	$	(72	)	$	45,375	$	(490	)
State and municipal		20		6,646		(19	)		1,555		(12	)		8,201		(31	)
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		62		90,796		(871	)		1,403		(49	)		92,199		(920	)
Collateralized mortgage obligations (CMOs)		49		28,372		(261	)		26,354		(917	)		54,726		(1,178	)
Pooled trust preferred		5		-		-			2,193		(897	)		2,193		(897	)
Corporate debt		6		5,988		(95	)		-		-			5,988		(95	)
Equity		19		4,035		(695	)		193		(75	)		4,228		(770	)
Total		193	$	176,786	$	(2,359	)	$	36,124	$	(2,022	)	$	212,910	$	(4,381	)

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. INVESTMENT SECURITIES (continued)

The following table provides additional information related to pooled trust preferred securities (PreTSLs) as of March 31, 2016:

Deal	Class	Book value		Fair value		Unreal ized gains (losses)			Realized OTTI credit loss (YTD 2016)		Total recognized OTTI credit loss			Moody's /Fitch ratings	Current number of performing banks		Current number of performing insurance companies		Actual deferrals and defaults as a % of total collateral			Total performing collateral as a % of outstanding bonds
PreTSL IV	Mezzanine*	$	243	$	199	$	(44	)	$	-	$	(1	)	B1/BB		5		-		18.0	%		140.9	%
PreTSL XVII	Mezzanine		667		537		(130	)		-		(222	)	C/CC		33		5		26.7			91.8
PreTSL XIX	Mezzanine		958		591		(367	)		-		-		B3/CC		41		12		16.1			91.3
PreTSL XXV	Mezzanine		766		526		(240	)		-		(222	)	Ca/C		45		5		26.8			88.6
PreTSL XXVI	Mezzanine		424		371		(53	)		-		(270	)	Caa3/C		44		7		20.4			96.1
PreTSL XXVI	Mezzanine		162		431		269			-		(438	)	Caa3/C		44		7		20.4			96.1
		$	3,220	$	2,655	$	(565	)	$	-	$	(1,153	)

Mezzanine* - only class of bonds still outstanding (represents the senior-most obligation of the trust)

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. INVESTMENT SECURITIES (continued)

All of the pooled trust preferred collateralized debt obligations held by QNB are rated lower than AA and are measured for OTTI within the scope of ASC 325 (formerly known as EITF 99-20),

Recognition of Interest Income and Impairment on Purchased Beneficial Interests and Beneficial Interests That Continue to be Held by a Transferor in Securitized Financial Assets, and Amendments to the Impairment Guidance of EITF Issue No. 99-20

(formerly known as EITF 99-20-1). QNB performs a discounted cash flow analysis on all of its impaired debt securities to determine if the amortized cost basis of an impaired security will be recovered. In determining whether a credit loss exists, QNB uses its best estimate of the present value of cash flows expected to be collected from the debt security and discounts

●

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

7. INVESTMENT SECURITIES (continued)

The entire disclosure for investments in certain debt and equity securities.

XML 29 R18.htm IDEA: XBRL DOCUMENT

Note 8 - Loans & Allowance for Loan Losses

3 Months Ended

Mar. 31, 2016

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

8. LOANS & ALLOWANCE FOR LOAN LOSSES

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

Lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices.

Effect of external factors, such as legal and regulatory requirements.

National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans.

Nature and volume of the portfolio including growth.

Experience, ability, and depth of lending management and staff.

Volume and severity of past due, classified and nonaccrual loans.

Quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors.

Existence and effect of any concentrations of credit and changes in the level of such concentrations.

Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

Major classes of loans are as follows:

	March 31, 2016		December 31, 2015
Commercial:
Commercial and industrial	$	115,445	$	124,397
Construction		31,577		27,372
Secured by commercial real estate		225,085		235,171
Secured by residential real estate		64,674		63,164
State and political subdivisions		39,261		40,285
Indirect lease financing		10,170		10,371
Retail:
1-4 family residential mortgages		43,692		42,833
Home equity loans and lines		67,318		67,384
Consumer		4,392		4,286
Total loans		601,614		615,263
Net unearned costs		72		7
Loans receivable	$	601,686	$	615,270

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

1 - Excellent - no apparent risk

2 - Good - minimal risk

3 - Acceptable - average risk

4 - Watch List - greater than average risk

5 - Special Mention - potential weaknesses

6 - Substandard - well defined weaknesses

7 - Doubtful - full collection unlikely

8 - Loss - considered uncollectible

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

March 31, 2016	Pass		Special mention		Substandard		Doubtful		Total
Commercial:
Commercial and industrial	$	108,720	$	6	$	6,719	$	-	$	115,445
Construction		31,562		-		15		-		31,577
Secured by commercial real estate		209,141		815		15,129		-		225,085
Secured by residential real estate		61,908		-		2,766		-		64,674
State and political subdivisions		38,019		-		1,242		-		39,261
Indirect lease financing		10,071		-		99		-		10,170
	$	459,421	$	821	$	25,970	$	-	$	486,212

December 31, 2015	Pass		Special mention		Substandard		Doubtful		Total
Commercial:
Commercial and industrial	$	117,246		-	$	7,151	$	-	$	124,397
Construction		27,355		-		17		-		27,372
Secured by commercial real estate		218,958	$	361		15,852		-		235,171
Secured by residential real estate		60,286		34		2,844		-		63,164
State and political subdivisions		39,027		-		1,258		-		40,285
Indirect lease financing		10,168		-		203		-		10,371
	$	473,040	$	395	$	27,325	$	-	$	500,760

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

March 31, 2016	Performing		Non- performing		Total
Retail:
1-4 family residential mortgages	$	43,412	$	280	$	43,692
Home equity loans and lines		67,206		112		67,318
Consumer		4,392		-		4,392
	$	115,010	$	392	$	115,402

December 31, 2015	Performing		Non- performing		Total
Retail:
1-4 family residential mortgages	$	42,546	$	287	$	42,833
Home equity loans and lines		67,257		127		67,384
Consumer		4,286		-		4,286
	$	114,089	$	414	$	114,503

March 31, 2016	30-59 days past due		60-89 days past due		90 days or more past due		Total past due loans		Current		Total loans receivable
Commercial:
Commercial and industrial	$	444		-		-	$	444	$	115,001	$	115,445
Construction		-		-		-		-		31,577		31,577
Secured by commercial real estate		856		-	$	868		1,724		223,361		225,085
Secured by residential real estate		42		-		430		472		64,202		64,674
State and political subdivisions		-		-		-		-		39,261		39,261
Indirect lease financing		687	$	2		72		761		9,409		10,170
Retail:
1-4 family residential mortgages		304		-		-		304		43,388		43,692
Home equity loans and lines		260		-		-		260		67,058		67,318
Consumer		10		2		-		12		4,380		4,392
	$	2,603	$	4	$	1,370	$	3,977	$	597,637	$	601,614

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

December 31, 2015	30-59 days past due		60-89 days past due		90 days or more past due		Total past due loans		Current		Total loans receivable
Commercial:
Commercial and industrial	$	95	$	-		-	$	95	$	124,302	$	124,397
Construction		63		-		-		63		27,309		27,372
Secured by commercial real estate		443		-	$	935		1,378		233,793		235,171
Secured by residential real estate		-		97		369		466		62,698		63,164
State and political subdivisions		-		-		-		-		40,285		40,285
Indirect lease financing		320		53		130		503		9,868		10,371
Retail:
1-4 family residential mortgages		641		234		-		875		41,958		42,833
Home equity loans and lines		272		-		45		317		67,067		67,384
Consumer		12		10		-		22		4,264		4,286
	$	1,846	$	394	$	1,479	$	3,719	$	611,544	$	615,263

March 31, 2016	90 days or more past due (still accruing)		Non-accrual
Commercial:
Commercial and industrial		-	$	3,144
Construction		-		-
Secured by commercial real estate		-		3,488
Secured by residential real estate		-		1,733
State and political subdivisions		-		-
Indirect lease financing	$	8		77
Retail:
1-4 family residential mortgages		-		280
Home equity loans and lines		-		112
Consumer		-		-
	$	8	$	8,834

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

December 31, 2015	90 days or more past due (still accruing)		Non-accrual
Commercial:
Commercial and industrial		-	$	3,433
Construction		-		-
Secured by commercial real estate		-		3,627
Secured by residential real estate		-		1,803
State and political subdivisions		-		-
Indirect lease financing	$	11		143
Retail:
1-4 family residential mortgages		-		287
Home equity loans and lines		-		127
Consumer		-		-
	$	11	$	9,420

Activity in the allowance for loan losses for the three months ended March 31, 2016 and 2015 are as follows:

Three months ended March 31, 2016	Balance, beginning of period		Provision for (credit to) loan losses			Charge-offs			Recoveries		Balance, end of period
Commercial:
Commercial and industrial	$	1,521	$	(56	)	$	(140	)	$	9	$	1,334
Construction		286		66			-			-		352
Secured by commercial real estate		2,411		(121	)		-			2		2,292
Secured by residential real estate		1,812		(140	)		-			18		1,690
State and political subdivisions		222		(26	)		-			-		196
Indirect lease financing		164		53			(9	)		-		208
Retail:
1-4 family residential mortgages		350		2			-			-		352
Home equity loans and lines		428		(81	)		-			5		352
Consumer		76		1			(17	)		9		69
Unallocated		284		427			N/A			N/A		711
	$	7,554	$	125		$	(166	)	$	43	$	7,556

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

Three months ended March 31, 2015	Balance, beginning of period		Provision for (credit to) loan losses			Charge-offs			Recoveries		Balance, end of period
Commercial:
Commercial and industrial	$	1,892	$	(27	)		-		$	10	$	1,875
Construction		297		(12	)		-			-		285
Secured by commercial real estate		2,700		(105	)	$	(28	)		2		2,569
Secured by residential real estate		1,630		38			(4	)		2		1,666
State and political subdivisions		221		32			-			-		253
Indirect lease financing		93		1			(8	)		9		95
Retail:
1-4 family residential mortgages		312		(4	)		-			-		308
Home equity loans and lines		453		21			-			5		479
Consumer		85		11			(18	)		7		85
Unallocated		318		45			N/A			N/A		363
	$	8,001	$	-		$	(58	)	$	35	$	7,978

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

	March 31, 2016				December 31, 2015
	Unpaid principal balance		Related allowance		Unpaid principal balance		Related allowance

TDRs with no specific allowance recorded	$	2,875		-	$	1,787		-
TDRs with an allowance recorded		829	$	468		491	$	491
	$	3,704	$	468	$	2,278	$	491

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

Three months ended March 31,	2016						2015
	Number of contracts		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Number of contracts		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Commercial:
Commercial and industrial		6	$	1,074	$	1,050		-	$	-	$	-
Secured by residential real estate		3		483		479		-		-		-
		9	$	1,557	$	1,529		-	$	-	$	-

The Company has five mortgage loans secured by residential real estate for which foreclosure proceedings are in process at March 31, 2016. The recorded investment is $72,000.

	Allowance for Loan Losses						Loans Receivable
March 31, 2016	Balance		Balance related to loans individually evaluated for impairment		Balance related to loans collectively evaluated for impairment		Balance		Balance individually evaluated for impairment		Balance collectively evaluated for impairment
Commercial:
Commercial and industrial	$	1,334	$	560	$	774	$	115,445	$	4,324	$	111,121
Construction		352		-		352		31,577		367		31,210
Secured by commercial real estate		2,292		102		2,190		225,085		6,365		218,720
Secured by residential real estate		1,690		190		1,500		64,674		2,039		62,635
State and political subdivisions		196		-		196		39,261		-		39,261
Indirect lease financing		208		33		175		10,170		79		10,091
Retail:
1-4 family residential mortgages		352		20		332		43,692		574		43,118
Home equity loans and lines		352		-		352		67,318		136		67,182
Consumer		69		-		69		4,392		-		4,392
Unallocated		711		N/A		N/A		N/A		N/A		N/A
	$	7,556	$	905	$	5,940	$	601,614	$	13,884	$	587,730

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

	Allowance for Loan Losses						Loans Receivable
December 31, 2015	Balance		Balance related to loans individually evaluated for impairment		Balance related to loans collectively evaluated for impairment		Balance		Balance individually evaluated for impairment		Balance collectively evaluated for impairment
Commercial:
Commercial and industrial	$	1,521	$	712	$	809	$	124,397	$	4,586	$	119,811
Construction		286		-		286		27,372		364		27,008
Secured by commercial real estate		2,411		14		2,397		235,171		6,998		228,173
Secured by residential real estate		1,812		203		1,609		63,164		2,113		61,051
State and political subdivisions		222		-		222		40,285		-		40,285
Indirect lease financing		164		20		144		10,371		146		10,225
Retail:
1-4 family residential mortgages		350		25		325		42,833		583		42,250
Home equity loans and lines		428		-		428		67,384		151		67,233
Consumer		76		-		76		4,286		-		4,286
Unallocated		284		N/A		N/A		N/A		N/A		N/A
	$	7,554	$	974	$	6,296	$	615,263	$	14,941	$	600,322

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

The following table summarizes additional information in regards to impaired loans by loan portfolio class as of March 31, 2016 and December 31, 2015:

	March 31, 2016						December 31, 2015
	Recorded investment (after charge-offs)		Unpaid principal balance		Related allowance		Recorded investment (after charge-offs)		Unpaid principal balance		Related allowance
With no specific allowance recorded:
Commercial:
Commercial and industrial	$	3,564	$	3,880	$	-	$	3,629	$	3,923	$	-
Construction		367		367		-		364		364		-
Secured by commercial real estate		5,489		5,857		-		6,932		7,416		-
Secured by residential real estate		888		1,580		-		942		1,653		-
State and political subdivisions		-		-		-		-		-		-
Indirect lease financing		15		24		-		3		3		-
Retail:
1-4 family residential mortgages		389		403		-		393		406		-
Home equity loans and lines		136		191		-		151		201		-
Consumer		-		-		-		-		-		-
	$	10,848	$	12,302	$	-	$	12,414	$	13,966	$	-

With an allowance recorded:
Commercial:
Commercial and industrial	$	760	$	891	$	560	$	957	$	1,086	$	712
Construction		-		-		-		-		-		-
Secured by commercial real estate		876		1,023		102		66		66		14
Secured by residential real estate		1,151		1,268		190		1,171		1,279		203
State and political subdivisions		-		-		-		-		-		-
Indirect lease financing		64		66		33		143		145		20
Retail:
1-4 family residential mortgages		185		196		20		190		197		25
Home equity loans and lines		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
	$	3,036	$	3,444	$	905	$	2,527	$	2,773	$	974

Total:
Commercial:
Commercial and industrial	$	4,324	$	4,771	$	560	$	4,586	$	5,009	$	712
Construction		367		367		-		364		364		-
Secured by commercial real estate		6,365		6,880		102		6,998		7,482		14
Secured by residential real estate		2,039		2,848		190		2,113		2,932		203
State and political subdivisions		-		-		-		-		-		-
Indirect lease financing		79		90		33		146		148		20
Retail:
1-4 family residential mortgages		574		599		20		583		603		25
Home equity loans and lines		136		191		-		151		201		-
Consumer		-		-		-		-		-		-
	$	13,884	$	15,746	$	905	$	14,941	$	16,739	$	974

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

8. LOANS & ALLOWANCE FOR LOAN LOSSES (continued)

	Three Months Ended March 31, 2016				Year Ended December 31, 2015
	Average recorded investment		Interest income recognized		Average recorded investment		Interest income recognized
Commercial:
Commercial and industrial	$	4,570	$	19	$	6,108	$	169
Construction		382		4		396		20
Secured by commercial real estate		6,554		34		7,370		149
Secured by residential real estate		2,070		4		1,544		-
State and political subdivisions		-		-		-		-
Indirect lease financing		129		-		43		1
Retail:
1-4 family residential mortgages		580		3		448		6
Home equity loans and lines		145		-		135		1
Consumer		-		-		2		-
	$	14,430	$	64	$	16,046	$	346

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

XML 30 R19.htm IDEA: XBRL DOCUMENT

Note 9 - Fair Value Measurements and Disclosures

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Text Block]

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES

Financial Accounting Standards Board (FASB) ASC 820,

Fair Value Measurements and Disclosures

, defines fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants (fair values are not adjusted for transaction costs). ASC 820 also establishes a framework (fair value hierarchy) for measuring fair value under GAAP, and expands disclosures about fair value measurements.

Level 1:

Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2:

Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability.

Level 3:

Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity).

An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

March 31, 2016	Quoted prices in active markets for identical assets (Level 1)		Significant other observable input (Level 2)		Significant unobservable inputs (Level 3)		Balance at end of period
Recurring fair value measurements
Trading Securities
State and municipal securities		-	$	4,006		-	$	4,006

Securities available-for-sale
U.S. Government agency securities		-		51,975		-		51,975
State and municipal securities		-		75,310		-		75,310
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities		-		137,178		-		137,178
Collateralized mortgage obligations (CMOs)		-		61,686		-		61,686
Pooled trust preferred securities		-		-	$	2,655		2,655
Corporate debt securities		-		9,078		-		9,078
Equity securities	$	7,236		-		-		7,236
Total securities available-for-sale	$	7,236	$	335,227	$	2,655	$	345,118
Total recurring fair value measurements	$	7,236	$	339,233	$	2,655	$	349,124

Nonrecurring fair value measurements *
Impaired loans	$	-	$	-	$	2,131	$	2,131
Mortgage servicing rights		-		-		49		49
Total nonrecurring fair value measurements	$	-	$	-	$	2,180	$	2,180

* impairment

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

December 31, 2015	Quoted prices in active markets for identical assets (Level 1)		Significant other observable input (Level 2)		Significant unobservable inputs (Level 3)		Balance at end of period
Recurring fair value measurements
Trading Securities
State and municipal securities		-	$	4,189		-	$	4,189

Securities available-for-sale
U.S. Government agency securities		-		61,779		-		61,779
State and municipal securities		-		78,954		-		78,954
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities		-		136,681		-		136,681
Collateralized mortgage obligations (CMOs)		-		65,610		-		65,610
Pooled trust preferred securities		-		-	$	2,653		2,653
Corporate debt securities		-		9,004		-		9,004
Equity securities	$	7,234		-		-		7,234
Total securities available-for-sale	$	7,234	$	352,028	$	2,653	$	361,915
Total recurring fair value measurements	$	7,234	$	356,217	$	2,653	$	366,104

Nonrecurring fair value measurements *
Impaired loans	$	-	$	-	$	1,698	$	1,698
Mortgage servicing rights		-		-		133		133
Total nonrecurring fair value measurements	$	-	$	-	$	1,831	$	1,831

* impairment

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which QNB has utilized Level 3 inputs to determine fair value:

	Quantitative information about Level 3 fair value measurements
March 31, 2016	Fair value		Valuation techniques	Unobservable input	Value or range of values
Impaired loans	$	1,149	Appraisal of collateral (1)	Appraisal adjustments (2)	-10%	to	-60%
				Liquidation expenses (3)			-10%
Impaired loans		106	Used commercial vehicle and equipment guides	Guide value discounts (4)	0%	to	-30%
Impaired loans		126	Financial statement values for UCC collateral	Financial statement value discounts (5)			-25%
Impaired loans		750	Agreement of sale (6)
Mortgage servicing rights		49	Discounted cash flow	Remaining term (in years)	3	-	28
				Discount rate	10%	to	12%

	Quantitative information about Level 3 fair value measurements
December 31, 2015	Fair value		Valuation techniques	Unobservable input	Value or range of values
Impaired loans	$	1,331	Appraisal of collateral (1)	Appraisal adjustments (2)	-15%	to	-80%
				Liquidation expenses (3)			-10%
Impaired loans		199	Used commercial vehicle and equipment guides	Guide value discounts (4)	0%	to	-30%
Impaired loans		168	Financial statement values for UCC collateral	Financial statement value discounts (5)	-25%	to	-70%
Mortgage servicing rights		133	Discounted cash flow	Remaining term (in years)	3	-	28
				Discount rate	10%	to	12%

(1)	Fair value is primarily determined through appraisals of the underlying collateral by independent parties, which generally includes various level 3 inputs which are not always identifiable.
(2)	Appraisals may be adjusted by management for qualitative factors such as economic conditions and the age of the appraisal. The range is presented as a percent of the initial appraised value.
(3)	Appraisals and pending agreements of sale are adjusted by management for estimated liquidation expenses. The range is presented as a percent of the initial appraised value.
(4)	If lendable value (lower than wholesale) is utilized then no additional discounts are taken. If lendable value is not provided then additional discounts are applied.
(5)	Values obtained from financial statements for UCC collateral (fixed assets and inventory) are discounted to estimated realizable liquidation value.
(6)	Fair value is determined by the estimated net proceeds.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

	Fair value measurements using significant unobservable inputs (Level 3)
Balance, January 1, 2016	$	2,653
Payments received		(71	)
Total gains or losses (realized/unrealized):
Included in earnings		-
Included in other comprehensive income		73
Transfers in and/or out of Level 3		-
Balance, March 31, 2016	$	2,655

Given conditions in the debt markets today and the absence of observable transactions in the secondary and new issue markets, we determined:

●

The few observable transactions and market quotations that are available are not reliable for purposes of determining fair value at March 31, 2016;

●

PreTSLs will be classified within Level 3 of the fair value hierarchy because significant adjustments are required to determine fair value at the measurement date.

default is vectored to reflect the relative expected performance of the institutions modeled to default, with lower forecasted severities used for the higher quality institutions. Prepayments are modeled to take into account the disruption in the asset-backed securities marketplace and the lack of new pooled trust preferred issuances. For those institutions rated below investment grade the holding companies’ approximate cost of long-term funding given their rating and marketplace interest rate was estimated. The following assumption was made; any holding company that could refinance for a cost savings of more than 2% will refinance and will do so as soon as possible. Finally, for issuers not impacted by the Tier 1 regulatory capital legislation enacted by the Dodd-Frank Act, the issuers that have shown a recent history of prepayment of both floating rate and fixed rate issues were identified and it was assumed these issuers will prepay as soon as possible.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

●

the time value of money

●

the price for bearing uncertainty in cash flows

●

other factors that would be considered by market participants

The following methods and assumptions were used to estimate the fair values of each major classification of financial instrument and non-financial asset at March 31, 2016 and December 31, 2015:

Cash and cash equivalents, accrued interest receivable and accrued interest payable (carried at cost)

: The carrying amounts reported in the balance sheet approximate those assets’ fair value.

Investment securities - trading (carried at fair value), available-for-sale (carried at fair value) and held-to-maturity (carried at amortized cost)

: The fair value of securities are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. Level 2 debt securities are valued by a third-party pricing service commonly used in the banking industry. Level 2 fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution date, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. For certain securities which are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence (Level 3). In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support on certain Level 3 investments. Cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) were used to support fair values of certain Level 3 investments.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

Restricted investment in bank stocks (carried at cost)

: The fair value of stock in Atlantic Community Bankers Bank and the Federal Home Loan Bank is the carrying amount, based on redemption provisions, and considers the limited marketability of such securities.

Loans Held for Sale (carried at lower of cost or fair value):

The fair value of loans held for sale is determined, when possible, using quoted secondary market prices. If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for the specific attributes of that loan.

Loans Receivable (carried at cost)

: The fair values of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values.

Impaired Loans (generally carried at fair value)

: Impaired loans are loans, in which the Company has measured impairment generally based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. There were no loans at March 31, 2016 that had no specific reserves required, but were partially charged off at quarter end. Included in the fair value of impaired loans at December 31, 2015 were $145,000 of loans that had no specific reserves required at year end; however, were partially charged-off at year end.

Mortgage Servicing Rights (carried at lower of cost or fair value)

: The fair value of mortgage servicing rights is based on a valuation model that calculates the present value of estimated net servicing income. The mortgage servicing rights are stratified into tranches based on predominant characteristics, such as interest rate, loan type and investor type. The valuation incorporates assumptions that market participants would use in estimating future net servicing income.

Deposit liabilities (carried at cost)

: The fair value of deposits with no stated maturity (e.g. demand deposits, interest-bearing demand accounts, money market accounts and savings accounts) are by definition, equal to the amount payable on demand at the reporting date (i.e. their carrying amounts). This approach to estimating fair value excludes the significant benefit that results from the low-cost funding provided by such deposit liabilities, as compared to alternative sources of funding. Deposits with a stated maturity (time deposits) have been valued using the present value of cash flows discounted at rates approximating the current market for similar deposits.

Short-term borrowings (carried at cost)

: The carrying amount of short-term borrowings approximates their fair values.

Off-balance-sheet instruments (disclosed at cost)

: The fair values for the Bank’s off-balance sheet instruments (lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing.

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

The estimated fair values and carrying amounts of the Company’s financial and off-balance sheet instruments are summarized as follows:

					Fair value measurements
March 31, 2016	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)
Financial assets
Cash and cash equivalents	$	32,138	$	32,138	$	32,138		-		-
Investment securities:
Trading		4,006		4,006		-	$	4,006		-
Available-for-sale		345,118		345,118		7,236		335,227	$	2,655
Held-to-maturity		147		150		-		150		-
Restricted investment in bank stocks		508		508		-		508		-
Loans held-for-sale		90		94		-		94		-
Net loans		594,130		602,747		-		-		602,747
Mortgage servicing rights		498		609		-		-		609
Accrued interest receivable		2,610		2,610		-		2,610		-

Financial liabilities
Deposits with no stated maturities	$	638,257	$	638,257	$	638,257		-	$	-
Deposits with stated maturities		227,103		229,514		-	$	229,514		-
Short-term borrowings		40,426		40,426		40,426		-		-
Accrued interest payable		332		332		-		332		-

Off-balance sheet instruments
Commitments to extend credit	$	-	$	-	$	-	$	-	$	-
Standby letters of credit		-		-		-		-		-

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

9. FAIR VALUE MEASUREMENTS AND DISCLOSURES (continued)

					Fair value measurements
December 31, 2015	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)
Financial assets
Cash and cash equivalents	$	16,991	$	16,991	$	16,991		-		-
Investment securities:
Trading		4,189		4,189		-	$	4,189		-
Available-for-sale		361,915		361,915		7,234		352,028	$	2,653
Held-to-maturity		147		151		-		151		-
Restricted investment in bank stocks		508		508		-		508		-
Loans held-for-sale		987		1,004		-		1,004		-
Net loans		607,716		610,315		-		-		610,315
Mortgage servicing rights		504		642		-		-		642
Accrued interest receivable		2,562		2,562		-		2,562		-

Financial liabilities
Deposits with no stated maturities	$	662,410	$	662,410	$	662,410		-	$	-
Deposits with stated maturities		227,376		227,862		-	$	227,862		-
Short-term borrowings		37,163		37,163		37,163		-		-
Accrued interest payable		330		330		-		330		-

Off-balance sheet instruments
Commitments to extend credit	$	-	$	-	$	-	$	-	$	-
Standby letters of credit		-		-		-		-		-

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

XML 31 R20.htm IDEA: XBRL DOCUMENT

Note 10 - Off-balance-sheet Financial Instruments and Guarantees

3 Months Ended

Mar. 31, 2016

Commitments and Contingencies Disclosure [Text Block]

10. OFF-BALANCE-SHEET FINANCIAL INSTRUMENTS AND GUARANTEES

A summary of the Bank's financial instrument commitments is as follows:

	March 31, 2016		December 31, 2015
Commitments to extend credit and unused lines of credit	$	251,220	$	232,492
Standby letters of credit		9,879		9,493
Total financial instrument commitments	$	261,099	$	241,985

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

10. OFF-BALANCE-SHEET FINANCIAL INSTRUMENTS AND GUARANTEES (continued)

XML 32 R21.htm IDEA: XBRL DOCUMENT

Note 11 - Regulatory Restrictions

3 Months Ended

Mar. 31, 2016

Regulatory Capital Requirements under Banking Regulations [Text Block]

11. REGULATORY RESTRICTIONS

QNB CORP. AND SUBSIDIARY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

11. REGULATORY RESTRICTIONS (continued)

The Company and the Bank’s actual capital amounts and ratios are presented as follows:

	Capital levels
	Actual					Minimum required					Well capitalized
As of March 31, 2016	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total risk-based capital (to risk-weighted assets):
Consolidated	$	100,368		13.09	%	$	61,342		8.00	%	$	76,678		10.00	%
Bank		92,591		12.44			59,541		8.00			74,426		10.00

Tier I capital (to risk-weighted assets):
Consolidated		92,746		12.10			46,007		6.00			46,007		6.00
Bank		84,976		11.42			44,656		6.00			59,541		8.00

Common equity tier 1 capital (to risk-weighted assets):
Consolidated		92,746		12.10			34,505		4.50			N/A		N/A
Bank		84,976		11.42			33,492		4.50			48,377		6.50

Tier I capital (to average assets):
Consolidated		92,746		9.26			40,047		4.00			N/A		N/A
Bank		84,976		8.56			39,730		4.00			49,662		5.00

	Capital levels
	Actual					Minimum required					Well capitalized
As of December 31, 2015	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total risk-based capital (to risk-weighted assets):
Consolidated	$	98,432		12.58	%	$	62,613		8.00	%	$	78,266		10.00	%
Bank		91,091		11.97			60,874		8.00			76,093		10.00

Tier I capital (to risk-weighted assets):
Consolidated		90,819		11.60			46,960		6.00			46,960		6.00
Bank		83,478		10.97			45,656		6.00			60,874		8.00

Common equity tier 1 capital (to risk-weighted assets):
Consolidated		90,819		11.60			35,220		4.50			N/A		N/A
Bank		83,478		10.97			34,242		4.50			49,460		6.50

Tier I capital (to average assets):
Consolidated		90,819		8.87			40,934		4.00			N/A		N/A
Bank		83,478		8.22			40,632		4.00			50,790		5.00

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958577-112826

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958572-112826

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1E
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958574-112826

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1H
-URI http://asc.fasb.org/extlink&oid=35709795&loc=d3e65071-112826

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958569-112826

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958570-112826

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958575-112826

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958568-112826

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1D
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958573-112826

+ Details

XML 33 R22.htm IDEA: XBRL DOCUMENT

Note 3 - Stock-based Compensation and Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Three months ended March 31,	2016			2015
Risk free interest rate		1.14	%		1.06	%
Dividend yield		3.78			3.86
Volatility		22.62			26.74
Expected life (years)		4.20			5.00

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (in years)		Aggregate intrinsic value
Outstanding at December 31, 2015		82,875		$	24.33
Granted		23,500			30.40
Exercised		(17,900	)		20.65
Forfeited		(9,225	)		25.77
Outstanding at March 31, 2016		79,250		$	26.79		3.22	$	264
Exercisable at March 31, 2016		24,125		$	22.38		1.37	$	184

	Number of options			Weighted average exercise price		Weighted average remaining contractual term (in years)		Aggregate intrinsic value
Outstanding at December 31, 2014		88,375		$	23.27
Granted		21,000			29.25
Exercised		(10,875	)		17.58
Forfeited		(12,650	)		31.87
Outstanding at March 31, 2015		85,850		$	24.19		2.97	$	402
Exercisable at March 31, 2015		31,650		$	20.83		1.35	$	251

XML 34 R23.htm IDEA: XBRL DOCUMENT

Note 5 - Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Three months ended March 31,	2016		2015
Numerator for basic and diluted earnings per share - net income	$	2,265	$	2,136
Denominator for basic earnings per share - weighted average shares outstanding		3,369,782		3,321,688
Effect of dilutive securities - employee stock options		8,154		12,114
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,377,936		3,333,802
Earnings per share - basic	$	0.67	$	0.64
Earnings per share - diluted	$	0.67	$	0.64

XML 35 R24.htm IDEA: XBRL DOCUMENT

Note 6 - Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	March 31, 2016			December 31, 2015
Unrealized net holding gains (losses) on available-for-sale securities	$	3,538		$	(568	)
Unrealized losses on available-for-sale securities for which a portion of an other-than-temporary impairment loss has been recognized in earnings		(198	)		(259	)
Accumulated other comprehensive income (loss)		3,340			(827	)
Tax effect		(1,136	)		281
Accumulated other comprehensive income (loss), net of tax	$	2,204		$	(546	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

	Amount reclassified from accumulated other comprehensive income
Details about accumulated other comprehensive income	2016			2015			Affected line item in the statement of income
Unrealized net holding gains on available-for-sale securities	$	389		$	503		Net gain on sale of investment securities
Other-than-temporary impairment losses on investment securities		(70	)		-		Net other-than-temporary impairment losses on investment securities
		319			503
Tax effect		(108	)		(171	)	Provision for income taxes
Total reclass out of accumulated other comprehensive income, net of tax	$	211		$	332		Net of tax

XML 36 R25.htm IDEA: XBRL DOCUMENT

Note 7 - Investment Securities (Tables)

3 Months Ended

Mar. 31, 2016

Trading Securities [Table Text Block]

		March 31, 2016				December, 31 2015
State and municipal securities		$	4,006			$	4,189

Available-for-sale Securities [Table Text Block]

March 31, 2016	Fair value		Gross unrealized holding gains		Gross unrealized holding losses			Amortized cost
U.S. Government agency	$	51,975	$	198	$	(37	)	$	51,814
State and municipal		75,310		1,822		(3	)		73,491
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		137,178		1,803		(61	)		135,436
Collateralized mortgage obligations (CMOs)		61,686		479		(335	)		61,542
Pooled trust preferred		2,655		269		(834	)		3,220
Corporate debt		9,078		23		(24	)		9,079
Equity		7,236		433		(393	)		7,196
Total investment securities available-for-sale	$	345,118	$	5,027	$	(1,687	)	$	341,778

December 31, 2015	Fair value		Gross unrealized holding gains		Gross unrealized holding losses			Amortized cost
U.S. Government agency	$	61,779	$	88	$	(490	)	$	62,181
State and municipal		78,954		1,554		(31	)		77,431
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		136,681		944		(920	)		136,657
Collateralized mortgage obligations (CMOs)		65,610		178		(1,178	)		66,610
Pooled trust preferred		2,653		259		(897	)		3,291
Corporate debt		9,004		15		(95	)		9,084
Equity		7,234		516		(770	)		7,488
Total investment securities available-for-sale	$	361,915	$	3,554	$	(4,381	)	$	362,742

Investments Classified by Contractual Maturity Date [Table Text Block]

March 31, 2016	Fair value		Amortized cost
Due in one year or less	$	6,069	$	6,020
Due after one year through five years		212,395		210,130
Due after five years through ten years		101,513		100,322
Due after ten years		17,905		18,110
Equity securities		7,236		7,196
Total investment securities available-for-sale	$	345,118	$	341,778

March 31, 2016	Fair value		Amortized cost
Due in one year or less	$	150	$	147
Due after one year through five years		-		-
Due after five years through ten years		-		-
Due after ten years		-		-
Total investment securities held-to-maturity	$	150	$	147

Realized Gain (Loss) on Investments [Table Text Block]

	Three months ended March 31, 2016										Three months ended March 31, 2015
	Gross realized gains		Gross realized losses			Other-than- temporary impairment losses			Net gains		Gross realized gains		Gross realized losses			Other-than- temporary impairment losses		Net gains
Equity securities	$	382		-		$	(70	)	$	312	$	426		-		$	-	$	426
Debt securities		80	$	(73	)		-			7		88	$	(11	)		-		77
Total	$	462	$	(73	)	$	(70	)	$	319	$	514	$	(11	)	$	-	$	503

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

Three months ended March 31,	2016		2015
Balance, beginning of period	$	1,153	$	1,153
Reductions: gain on payoff		-		-
Additions:
Initial credit impairments		-		-
Subsequent credit impairments		-		-
Balance, end of period	$	1,153	$	1,153

Held-to-maturity Securities [Table Text Block]

Held-To-Maturity
	March 31, 2016								December 31, 2015
	Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Fair value		Amortized cost		Gross unrealized holding gains		Gross unrealized holding losses		Fair value
State and municipal securities	$	147	$	3	$	-	$	150	$	147	$	4	$	-	$	151

Schedule of Unrealized Loss on Investments [Table Text Block]

March 31, 2016
			Less than 12 months					12 months or longer					Total
	No. of securities		Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
U.S. Government agency		7	$	8,971	$	(37	)	$	-	$	-		$	8,971	$	(37	)
State and municipal		6		1,128		(1	)		755		(2	)		1,883		(3	)
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		13		9,703		(16	)		9,731		(45	)		19,434		(61	)
Collateralized mortgage obligations (CMOs)		26		3,739		(21	)		23,981		(314	)		27,720		(335	)
Pooled trust preferred		5		-		-			2,224		(834	)		2,224		(834	)
Corporate debt		4		4,035		(24	)		-		-			4,035		(24	)
Equity		10		2,119		(160	)		671		(233	)		2,790		(393	)
Total		71	$	29,695	$	(259	)	$	37,362	$	(1,428	)	$	67,057	$	(1,687	)

December 31, 2015
			Less than 12 months					12 months or longer					Total
	No. of securities		Fair value		Unrealized losses			Fair value		Unrealized losses			Fair value		Unrealized losses
U.S. Government agency		32	$	40,949	$	(418	)	$	4,426	$	(72	)	$	45,375	$	(490	)
State and municipal		20		6,646		(19	)		1,555		(12	)		8,201		(31	)
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed		62		90,796		(871	)		1,403		(49	)		92,199		(920	)
Collateralized mortgage obligations (CMOs)		49		28,372		(261	)		26,354		(917	)		54,726		(1,178	)
Pooled trust preferred		5		-		-			2,193		(897	)		2,193		(897	)
Corporate debt		6		5,988		(95	)		-		-			5,988		(95	)
Equity		19		4,035		(695	)		193		(75	)		4,228		(770	)
Total		193	$	176,786	$	(2,359	)	$	36,124	$	(2,022	)	$	212,910	$	(4,381	)

Schedule Of Pooled Trust Preferred Securities [Table Text Block]

Deal	Class	Book value		Fair value		Unreal ized gains (losses)			Realized OTTI credit loss (YTD 2016)		Total recognized OTTI credit loss			Moody's /Fitch ratings	Current number of performing banks		Current number of performing insurance companies		Actual deferrals and defaults as a % of total collateral			Total performing collateral as a % of outstanding bonds
PreTSL IV	Mezzanine*	$	243	$	199	$	(44	)	$	-	$	(1	)	B1/BB		5		-		18.0	%		140.9	%
PreTSL XVII	Mezzanine		667		537		(130	)		-		(222	)	C/CC		33		5		26.7			91.8
PreTSL XIX	Mezzanine		958		591		(367	)		-		-		B3/CC		41		12		16.1			91.3
PreTSL XXV	Mezzanine		766		526		(240	)		-		(222	)	Ca/C		45		5		26.8			88.6
PreTSL XXVI	Mezzanine		424		371		(53	)		-		(270	)	Caa3/C		44		7		20.4			96.1
PreTSL XXVI	Mezzanine		162		431		269			-		(438	)	Caa3/C		44		7		20.4			96.1
		$	3,220	$	2,655	$	(565	)	$	-	$	(1,153	)

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

Tabular disclosure of all investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

Troubled Debt Restructuring [Member]

XML 37 R26.htm IDEA: XBRL DOCUMENT

Note 8 - Loans & Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2016

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	March 31, 2016				December 31, 2015
	Unpaid principal balance		Related allowance		Unpaid principal balance		Related allowance

TDRs with no specific allowance recorded	$	2,875		-	$	1,787		-
TDRs with an allowance recorded		829	$	468		491	$	491
	$	3,704	$	468	$	2,278	$	491

Total Retail Loans [Member]

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2016	Performing		Non- performing		Total
Retail:
1-4 family residential mortgages	$	43,412	$	280	$	43,692
Home equity loans and lines		67,206		112		67,318
Consumer		4,392		-		4,392
	$	115,010	$	392	$	115,402

December 31, 2015	Performing		Non- performing		Total
Retail:
1-4 family residential mortgages	$	42,546	$	287	$	42,833
Home equity loans and lines		67,257		127		67,384
Consumer		4,286		-		4,286
	$	114,089	$	414	$	114,503

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	March 31, 2016		December 31, 2015
Commercial:
Commercial and industrial	$	115,445	$	124,397
Construction		31,577		27,372
Secured by commercial real estate		225,085		235,171
Secured by residential real estate		64,674		63,164
State and political subdivisions		39,261		40,285
Indirect lease financing		10,170		10,371
Retail:
1-4 family residential mortgages		43,692		42,833
Home equity loans and lines		67,318		67,384
Consumer		4,392		4,286
Total loans		601,614		615,263
Net unearned costs		72		7
Loans receivable	$	601,686	$	615,270

Financing Receivable Credit Quality Indicators [Table Text Block]

March 31, 2016	Pass		Special mention		Substandard		Doubtful		Total
Commercial:
Commercial and industrial	$	108,720	$	6	$	6,719	$	-	$	115,445
Construction		31,562		-		15		-		31,577
Secured by commercial real estate		209,141		815		15,129		-		225,085
Secured by residential real estate		61,908		-		2,766		-		64,674
State and political subdivisions		38,019		-		1,242		-		39,261
Indirect lease financing		10,071		-		99		-		10,170
	$	459,421	$	821	$	25,970	$	-	$	486,212

December 31, 2015	Pass		Special mention		Substandard		Doubtful		Total
Commercial:
Commercial and industrial	$	117,246		-	$	7,151	$	-	$	124,397
Construction		27,355		-		17		-		27,372
Secured by commercial real estate		218,958	$	361		15,852		-		235,171
Secured by residential real estate		60,286		34		2,844		-		63,164
State and political subdivisions		39,027		-		1,258		-		40,285
Indirect lease financing		10,168		-		203		-		10,371
	$	473,040	$	395	$	27,325	$	-	$	500,760

Past Due Financing Receivables [Table Text Block]

March 31, 2016	30-59 days past due		60-89 days past due		90 days or more past due		Total past due loans		Current		Total loans receivable
Commercial:
Commercial and industrial	$	444		-		-	$	444	$	115,001	$	115,445
Construction		-		-		-		-		31,577		31,577
Secured by commercial real estate		856		-	$	868		1,724		223,361		225,085
Secured by residential real estate		42		-		430		472		64,202		64,674
State and political subdivisions		-		-		-		-		39,261		39,261
Indirect lease financing		687	$	2		72		761		9,409		10,170
Retail:
1-4 family residential mortgages		304		-		-		304		43,388		43,692
Home equity loans and lines		260		-		-		260		67,058		67,318
Consumer		10		2		-		12		4,380		4,392
	$	2,603	$	4	$	1,370	$	3,977	$	597,637	$	601,614

December 31, 2015	30-59 days past due		60-89 days past due		90 days or more past due		Total past due loans		Current		Total loans receivable
Commercial:
Commercial and industrial	$	95	$	-		-	$	95	$	124,302	$	124,397
Construction		63		-		-		63		27,309		27,372
Secured by commercial real estate		443		-	$	935		1,378		233,793		235,171
Secured by residential real estate		-		97		369		466		62,698		63,164
State and political subdivisions		-		-		-		-		40,285		40,285
Indirect lease financing		320		53		130		503		9,868		10,371
Retail:
1-4 family residential mortgages		641		234		-		875		41,958		42,833
Home equity loans and lines		272		-		45		317		67,067		67,384
Consumer		12		10		-		22		4,264		4,286
	$	1,846	$	394	$	1,479	$	3,719	$	611,544	$	615,263

Schedule of Financing Receivables, Non Accrual Status [Table Text Block]

March 31, 2016	90 days or more past due (still accruing)		Non-accrual
Commercial:
Commercial and industrial		-	$	3,144
Construction		-		-
Secured by commercial real estate		-		3,488
Secured by residential real estate		-		1,733
State and political subdivisions		-		-
Indirect lease financing	$	8		77
Retail:
1-4 family residential mortgages		-		280
Home equity loans and lines		-		112
Consumer		-		-
	$	8	$	8,834

December 31, 2015	90 days or more past due (still accruing)		Non-accrual
Commercial:
Commercial and industrial		-	$	3,433
Construction		-		-
Secured by commercial real estate		-		3,627
Secured by residential real estate		-		1,803
State and political subdivisions		-		-
Indirect lease financing	$	11		143
Retail:
1-4 family residential mortgages		-		287
Home equity loans and lines		-		127
Consumer		-		-
	$	11	$	9,420

Allowance for Credit Losses on Financing Receivables [Table Text Block]

Three months ended March 31, 2016	Balance, beginning of period		Provision for (credit to) loan losses			Charge-offs			Recoveries		Balance, end of period
Commercial:
Commercial and industrial	$	1,521	$	(56	)	$	(140	)	$	9	$	1,334
Construction		286		66			-			-		352
Secured by commercial real estate		2,411		(121	)		-			2		2,292
Secured by residential real estate		1,812		(140	)		-			18		1,690
State and political subdivisions		222		(26	)		-			-		196
Indirect lease financing		164		53			(9	)		-		208
Retail:
1-4 family residential mortgages		350		2			-			-		352
Home equity loans and lines		428		(81	)		-			5		352
Consumer		76		1			(17	)		9		69
Unallocated		284		427			N/A			N/A		711
	$	7,554	$	125		$	(166	)	$	43	$	7,556

Three months ended March 31, 2015	Balance, beginning of period		Provision for (credit to) loan losses			Charge-offs			Recoveries		Balance, end of period
Commercial:
Commercial and industrial	$	1,892	$	(27	)		-		$	10	$	1,875
Construction		297		(12	)		-			-		285
Secured by commercial real estate		2,700		(105	)	$	(28	)		2		2,569
Secured by residential real estate		1,630		38			(4	)		2		1,666
State and political subdivisions		221		32			-			-		253
Indirect lease financing		93		1			(8	)		9		95
Retail:
1-4 family residential mortgages		312		(4	)		-			-		308
Home equity loans and lines		453		21			-			5		479
Consumer		85		11			(18	)		7		85
Unallocated		318		45			N/A			N/A		363
	$	8,001	$	-		$	(58	)	$	35	$	7,978

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

Three months ended March 31,	2016						2015
	Number of contracts		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Number of contracts		Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment
Commercial:
Commercial and industrial		6	$	1,074	$	1,050		-	$	-	$	-
Secured by residential real estate		3		483		479		-		-		-
		9	$	1,557	$	1,529		-	$	-	$	-

Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block]

	Allowance for Loan Losses						Loans Receivable
March 31, 2016	Balance		Balance related to loans individually evaluated for impairment		Balance related to loans collectively evaluated for impairment		Balance		Balance individually evaluated for impairment		Balance collectively evaluated for impairment
Commercial:
Commercial and industrial	$	1,334	$	560	$	774	$	115,445	$	4,324	$	111,121
Construction		352		-		352		31,577		367		31,210
Secured by commercial real estate		2,292		102		2,190		225,085		6,365		218,720
Secured by residential real estate		1,690		190		1,500		64,674		2,039		62,635
State and political subdivisions		196		-		196		39,261		-		39,261
Indirect lease financing		208		33		175		10,170		79		10,091
Retail:
1-4 family residential mortgages		352		20		332		43,692		574		43,118
Home equity loans and lines		352		-		352		67,318		136		67,182
Consumer		69		-		69		4,392		-		4,392
Unallocated		711		N/A		N/A		N/A		N/A		N/A
	$	7,556	$	905	$	5,940	$	601,614	$	13,884	$	587,730

	Allowance for Loan Losses						Loans Receivable
December 31, 2015	Balance		Balance related to loans individually evaluated for impairment		Balance related to loans collectively evaluated for impairment		Balance		Balance individually evaluated for impairment		Balance collectively evaluated for impairment
Commercial:
Commercial and industrial	$	1,521	$	712	$	809	$	124,397	$	4,586	$	119,811
Construction		286		-		286		27,372		364		27,008
Secured by commercial real estate		2,411		14		2,397		235,171		6,998		228,173
Secured by residential real estate		1,812		203		1,609		63,164		2,113		61,051
State and political subdivisions		222		-		222		40,285		-		40,285
Indirect lease financing		164		20		144		10,371		146		10,225
Retail:
1-4 family residential mortgages		350		25		325		42,833		583		42,250
Home equity loans and lines		428		-		428		67,384		151		67,233
Consumer		76		-		76		4,286		-		4,286
Unallocated		284		N/A		N/A		N/A		N/A		N/A
	$	7,554	$	974	$	6,296	$	615,263	$	14,941	$	600,322

Impaired Financing Receivables [Table Text Block]

	March 31, 2016						December 31, 2015
	Recorded investment (after charge-offs)		Unpaid principal balance		Related allowance		Recorded investment (after charge-offs)		Unpaid principal balance		Related allowance
With no specific allowance recorded:
Commercial:
Commercial and industrial	$	3,564	$	3,880	$	-	$	3,629	$	3,923	$	-
Construction		367		367		-		364		364		-
Secured by commercial real estate		5,489		5,857		-		6,932		7,416		-
Secured by residential real estate		888		1,580		-		942		1,653		-
State and political subdivisions		-		-		-		-		-		-
Indirect lease financing		15		24		-		3		3		-
Retail:
1-4 family residential mortgages		389		403		-		393		406		-
Home equity loans and lines		136		191		-		151		201		-
Consumer		-		-		-		-		-		-
	$	10,848	$	12,302	$	-	$	12,414	$	13,966	$	-

With an allowance recorded:
Commercial:
Commercial and industrial	$	760	$	891	$	560	$	957	$	1,086	$	712
Construction		-		-		-		-		-		-
Secured by commercial real estate		876		1,023		102		66		66		14
Secured by residential real estate		1,151		1,268		190		1,171		1,279		203
State and political subdivisions		-		-		-		-		-		-
Indirect lease financing		64		66		33		143		145		20
Retail:
1-4 family residential mortgages		185		196		20		190		197		25
Home equity loans and lines		-		-		-		-		-		-
Consumer		-		-		-		-		-		-
	$	3,036	$	3,444	$	905	$	2,527	$	2,773	$	974

Total:
Commercial:
Commercial and industrial	$	4,324	$	4,771	$	560	$	4,586	$	5,009	$	712
Construction		367		367		-		364		364		-
Secured by commercial real estate		6,365		6,880		102		6,998		7,482		14
Secured by residential real estate		2,039		2,848		190		2,113		2,932		203
State and political subdivisions		-		-		-		-		-		-
Indirect lease financing		79		90		33		146		148		20
Retail:
1-4 family residential mortgages		574		599		20		583		603		25
Home equity loans and lines		136		191		-		151		201		-
Consumer		-		-		-		-		-		-
	$	13,884	$	15,746	$	905	$	14,941	$	16,739	$	974

	Three Months Ended March 31, 2016				Year Ended December 31, 2015
	Average recorded investment		Interest income recognized		Average recorded investment		Interest income recognized
Commercial:
Commercial and industrial	$	4,570	$	19	$	6,108	$	169
Construction		382		4		396		20
Secured by commercial real estate		6,554		34		7,370		149
Secured by residential real estate		2,070		4		1,544		-
State and political subdivisions		-		-		-		-
Indirect lease financing		129		-		43		1
Retail:
1-4 family residential mortgages		580		3		448		6
Home equity loans and lines		145		-		135		1
Consumer		-		-		2		-
	$	14,430	$	64	$	16,046	$	346

XML 38 R27.htm IDEA: XBRL DOCUMENT

Note 9 - Fair Value Measurements and Disclosures (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

March 31, 2016	Quoted prices in active markets for identical assets (Level 1)		Significant other observable input (Level 2)		Significant unobservable inputs (Level 3)		Balance at end of period
Recurring fair value measurements
Trading Securities
State and municipal securities		-	$	4,006		-	$	4,006

Securities available-for-sale
U.S. Government agency securities		-		51,975		-		51,975
State and municipal securities		-		75,310		-		75,310
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities		-		137,178		-		137,178
Collateralized mortgage obligations (CMOs)		-		61,686		-		61,686
Pooled trust preferred securities		-		-	$	2,655		2,655
Corporate debt securities		-		9,078		-		9,078
Equity securities	$	7,236		-		-		7,236
Total securities available-for-sale	$	7,236	$	335,227	$	2,655	$	345,118
Total recurring fair value measurements	$	7,236	$	339,233	$	2,655	$	349,124

Nonrecurring fair value measurements *
Impaired loans	$	-	$	-	$	2,131	$	2,131
Mortgage servicing rights		-		-		49		49
Total nonrecurring fair value measurements	$	-	$	-	$	2,180	$	2,180

December 31, 2015	Quoted prices in active markets for identical assets (Level 1)		Significant other observable input (Level 2)		Significant unobservable inputs (Level 3)		Balance at end of period
Recurring fair value measurements
Trading Securities
State and municipal securities		-	$	4,189		-	$	4,189

Securities available-for-sale
U.S. Government agency securities		-		61,779		-		61,779
State and municipal securities		-		78,954		-		78,954
U.S. Government agencies and sponsored enterprises (GSEs):
Mortgage-backed securities		-		136,681		-		136,681
Collateralized mortgage obligations (CMOs)		-		65,610		-		65,610
Pooled trust preferred securities		-		-	$	2,653		2,653
Corporate debt securities		-		9,004		-		9,004
Equity securities	$	7,234		-		-		7,234
Total securities available-for-sale	$	7,234	$	352,028	$	2,653	$	361,915
Total recurring fair value measurements	$	7,234	$	356,217	$	2,653	$	366,104

Nonrecurring fair value measurements *
Impaired loans	$	-	$	-	$	1,698	$	1,698
Mortgage servicing rights		-		-		133		133
Total nonrecurring fair value measurements	$	-	$	-	$	1,831	$	1,831

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Quantitative information about Level 3 fair value measurements
March 31, 2016	Fair value		Valuation techniques	Unobservable input	Value or range of values
Impaired loans	$	1,149	Appraisal of collateral (1)	Appraisal adjustments (2)	-10%	to	-60%
				Liquidation expenses (3)			-10%
Impaired loans		106	Used commercial vehicle and equipment guides	Guide value discounts (4)	0%	to	-30%
Impaired loans		126	Financial statement values for UCC collateral	Financial statement value discounts (5)			-25%
Impaired loans		750	Agreement of sale (6)
Mortgage servicing rights		49	Discounted cash flow	Remaining term (in years)	3	-	28
				Discount rate	10%	to	12%

	Quantitative information about Level 3 fair value measurements
December 31, 2015	Fair value		Valuation techniques	Unobservable input	Value or range of values
Impaired loans	$	1,331	Appraisal of collateral (1)	Appraisal adjustments (2)	-15%	to	-80%
				Liquidation expenses (3)			-10%
Impaired loans		199	Used commercial vehicle and equipment guides	Guide value discounts (4)	0%	to	-30%
Impaired loans		168	Financial statement values for UCC collateral	Financial statement value discounts (5)	-25%	to	-70%
Mortgage servicing rights		133	Discounted cash flow	Remaining term (in years)	3	-	28
				Discount rate	10%	to	12%

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

	Fair value measurements using significant unobservable inputs (Level 3)
Balance, January 1, 2016	$	2,653
Payments received		(71	)
Total gains or losses (realized/unrealized):
Included in earnings		-
Included in other comprehensive income		73
Transfers in and/or out of Level 3		-
Balance, March 31, 2016	$	2,655

Fair Value, by Balance Sheet Grouping [Table Text Block]

					Fair value measurements
March 31, 2016	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)
Financial assets
Cash and cash equivalents	$	32,138	$	32,138	$	32,138		-		-
Investment securities:
Trading		4,006		4,006		-	$	4,006		-
Available-for-sale		345,118		345,118		7,236		335,227	$	2,655
Held-to-maturity		147		150		-		150		-
Restricted investment in bank stocks		508		508		-		508		-
Loans held-for-sale		90		94		-		94		-
Net loans		594,130		602,747		-		-		602,747
Mortgage servicing rights		498		609		-		-		609
Accrued interest receivable		2,610		2,610		-		2,610		-

Financial liabilities
Deposits with no stated maturities	$	638,257	$	638,257	$	638,257		-	$	-
Deposits with stated maturities		227,103		229,514		-	$	229,514		-
Short-term borrowings		40,426		40,426		40,426		-		-
Accrued interest payable		332		332		-		332		-

Off-balance sheet instruments
Commitments to extend credit	$	-	$	-	$	-	$	-	$	-
Standby letters of credit		-		-		-		-		-

					Fair value measurements
December 31, 2015	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)
Financial assets
Cash and cash equivalents	$	16,991	$	16,991	$	16,991		-		-
Investment securities:
Trading		4,189		4,189		-	$	4,189		-
Available-for-sale		361,915		361,915		7,234		352,028	$	2,653
Held-to-maturity		147		151		-		151		-
Restricted investment in bank stocks		508		508		-		508		-
Loans held-for-sale		987		1,004		-		1,004		-
Net loans		607,716		610,315		-		-		610,315
Mortgage servicing rights		504		642		-		-		642
Accrued interest receivable		2,562		2,562		-		2,562		-

Financial liabilities
Deposits with no stated maturities	$	662,410	$	662,410	$	662,410		-	$	-
Deposits with stated maturities		227,376		227,862		-	$	227,862		-
Short-term borrowings		37,163		37,163		37,163		-		-
Accrued interest payable		330		330		-		330		-

Off-balance sheet instruments
Commitments to extend credit	$	-	$	-	$	-	$	-	$	-
Standby letters of credit		-		-		-		-		-

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

XML 39 R28.htm IDEA: XBRL DOCUMENT

Note 10 - Off-balance-sheet Financial Instruments and Guarantees (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

	March 31, 2016		December 31, 2015
Commitments to extend credit and unused lines of credit	$	251,220	$	232,492
Standby letters of credit		9,879		9,493
Total financial instrument commitments	$	261,099	$	241,985

XML 40 R29.htm IDEA: XBRL DOCUMENT

Note 11 - Regulatory Restrictions (Tables)

3 Months Ended

Mar. 31, 2016

Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]

	Capital levels
	Actual					Minimum required					Well capitalized
As of March 31, 2016	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total risk-based capital (to risk-weighted assets):
Consolidated	$	100,368		13.09	%	$	61,342		8.00	%	$	76,678		10.00	%
Bank		92,591		12.44			59,541		8.00			74,426		10.00

Tier I capital (to risk-weighted assets):
Consolidated		92,746		12.10			46,007		6.00			46,007		6.00
Bank		84,976		11.42			44,656		6.00			59,541		8.00

Common equity tier 1 capital (to risk-weighted assets):
Consolidated		92,746		12.10			34,505		4.50			N/A		N/A
Bank		84,976		11.42			33,492		4.50			48,377		6.50

Tier I capital (to average assets):
Consolidated		92,746		9.26			40,047		4.00			N/A		N/A
Bank		84,976		8.56			39,730		4.00			49,662		5.00

	Capital levels
	Actual					Minimum required					Well capitalized
As of December 31, 2015	Amount		Ratio			Amount		Ratio			Amount		Ratio
Total risk-based capital (to risk-weighted assets):
Consolidated	$	98,432		12.58	%	$	62,613		8.00	%	$	78,266		10.00	%
Bank		91,091		11.97			60,874		8.00			76,093		10.00

Tier I capital (to risk-weighted assets):
Consolidated		90,819		11.60			46,960		6.00			46,960		6.00
Bank		83,478		10.97			45,656		6.00			60,874		8.00

Common equity tier 1 capital (to risk-weighted assets):
Consolidated		90,819		11.60			35,220		4.50			N/A		N/A
Bank		83,478		10.97			34,242		4.50			49,460		6.50

Tier I capital (to average assets):
Consolidated		90,819		8.87			40,934		4.00			N/A		N/A
Bank		83,478		8.22			40,632		4.00			50,790		5.00

XML 41 R30.htm IDEA: XBRL DOCUMENT

Note 2 - Recent Accounting Pronouncements (Details Textual)	3 Months Ended
	Mar. 31, 2016 USD ($)
Increase in Net Income That Would Have Resulted if ASU 2016-01 Had Been Early Adopted [Member] \| Pro Forma [Member]
Current Period Reclassification Adjustment	$ 26,000

XML 42 R31.htm IDEA: XBRL DOCUMENT

Note 3 - Stock-based Compensation and Shareholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
The 1998 Plan [Member] \| Employee Stock Option [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	180 days
The 1998 Plan [Member] \| Employee Stock Option [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
The 1998 Plan [Member] \| Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
The 1998 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	60,244
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	164,814
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	220,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	225,058
The 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	23,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	23,500
The 2005 Plan [Member] \| Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
The 2005 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	55,750
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	64,550
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	63,900
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	184,200
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	200,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	79,250	85,850	82,875	88,375
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	17,900	10,875
Allocated Share-based Compensation Expense	$ 16,000	$ 21,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 138,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 330 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	23,500	21,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 3.79	$ 4.38

XML 43 R32.htm IDEA: XBRL DOCUMENT

Note 3 - Assumptions Used in Option Pricing Model (Details)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Risk free interest rate	1.14%	1.06%
Dividend yield	3.78%	3.86%
Volatility	22.62%	26.74%
Expected life (years)	4 years 73 days	5 years

XML 44 R33.htm IDEA: XBRL DOCUMENT

Note 3 - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Outstanding-Number of options (in shares)	82,875	88,375
Outstanding-Weighted average exercise price (in dollars per share)	$ 24.33	$ 23.27
Granted-Number of options (in shares)	23,500	21,000
Granted-Weighted average exercise price (in dollars per share)	$ 30.40	$ 29.25
Exercised-Number of options (in shares)	(17,900)	(10,875)
Exercised-Weighted average exercise price (in dollars per share)	$ 20.65	$ 17.58
Forfeited-Number of options (in shares)	(9,225)	(12,650)
Forfeited-Weighted average exercise price (in dollars per share)	$ 25.77	$ 31.87
Outstanding ending-Number of options (in shares)	79,250	85,850
Outstanding ending-Weighted average exercise price (in dollars per share)	$ 26.79	$ 24.19
Outstanding ending-Weighted average remaining contractual term	3 years 80 days	2 years 354 days
Outstanding ending-Aggregate intrinsic value	$ 264	$ 402
Exercisable-Number of options (in shares)	24,125	31,650
Exercisable-Weighted average exercise price (in dollars per share)	$ 22.38	$ 20.83
Exercisable-Weighted average remaining contractual term	1 year 135 days	1 year 127 days
Exercisable-Aggregate intrinsic value	$ 184	$ 251

XML 45 R34.htm IDEA: XBRL DOCUMENT

Note 4 - Share Repurchase Plan (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share Repurchase Program 1 [Member]
Treasury Stock, Shares, Acquired	0
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	100,000
Treasury Stock, Shares	57,883
Treasury Stock Shares Average Price Per Share Acquired	$ 16.97
Treasury Stock, Value	$ 982,000
Treasury Stock, Shares	164,569	164,569
Treasury Stock, Value	$ 2,476,000	$ 2,476,000

XML 46 R35.htm IDEA: XBRL DOCUMENT

Note 5 - Earnings Per Share (Details Textual) - shares	3 Months Ended
Note 5 - Earnings Per Share (Details Textual) - shares	Mar. 31, 2016	Mar. 31, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	41,350	21,000

XML 47 R36.htm IDEA: XBRL DOCUMENT

Note 5 - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 2,265	$ 2,136
Denominator for basic earnings per share - weighted average shares outstanding (in shares)	3,369,782	3,321,688
Effect of dilutive securities - employee stock options (in shares)	8,154	12,114
Denominator for diluted earnings per share - adjusted weighted average shares outstanding (in shares)	3,377,936	3,333,802
Earnings per share - basic (in dollars per share)	$ 0.67	$ 0.64
Earnings per share - diluted (in dollars per share)	$ 0.67	$ 0.64

XML 48 R37.htm IDEA: XBRL DOCUMENT

Note 6 - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Unrealized net holding gains (losses) on available-for-sale securities	$ 3,538	$ (568)
Accumulated Other-than-Temporary Impairment Attributable to Parent [Member]
Unrealized net holding gains (losses) on available-for-sale securities	(198)	(259)
Unrealized net holding gains (losses) on available-for-sale securities	3,340	(827)
Tax effect	(1,136)	281
Accumulated other comprehensive income (loss), net of tax	$ 2,204	$ (546)

XML 49 R38.htm IDEA: XBRL DOCUMENT

Note 6 - Amounts Reclassified Out of Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reclassification out of Accumulated Other Comprehensive Income [Member]
Unrealized net holding gains on available-for-sale securities	$ 389,000	$ 503,000
Other-than-temporary impairment losses on investment securities	(70)
	319,000	$ 503,000
Tax effect	(108,000)	(171,000)
Total reclass out of accumulated other comprehensive income, net of tax	211,000	332,000
	3,053,000	2,837,000
Tax effect	(788,000)	(701,000)
Total reclass out of accumulated other comprehensive income, net of tax	$ 2,265,000	$ 2,136,000

XML 50 R39.htm IDEA: XBRL DOCUMENT

Note 7 - Investment Securities (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Collateralized Debt Obligations [Member] \| Minimum [Member]
Fair Value Inputs, Loss Severity	0.00%
Fair Value Inputs, Probability of Default	0.29%
Collateralized Debt Obligations [Member] \| Maximum [Member]
Fair Value Inputs, Loss Severity	100.00%
Fair Value Inputs, Probability of Default	0.53%
Collateralized Debt Obligations [Member]
Number Of Trust Preferred Securities	6
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	5
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$ 0	$ 0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	0
Available-for-sale Securities, Amortized Cost Basis	3,220,000		$ 3,291,000
Available-for-sale Securities	2,655,000		2,653,000
U.S. Government Agency and Sponsored Enterprises Securities [Member]
Available-for-sale Securities Pledged as Collateral	164,005,000		197,149,000
Noninterest Income [Member]
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	70,000
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$ 0	0
Fair Value Inputs, Prepayment Rate	1.00%
Threshold For Identifying Banks With Trust Preferred Securities	$ 15,000,000,000
Fair Value Inputs, Loss Severity	95.00%
Net Realized and Unrealized Gain (Loss) on Trading Securities	$ 34,000		33,000
Trading Securities, Change in Unrealized Holding Gain (Loss)	40,000		31,000
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	24,616,000	7,595,000
Income Tax Expense Benefit Related to Net Realized Gains Losses on Sales of Securities	108,000	$ 171,000
Available-for-sale Securities, Amortized Cost Basis	341,778,000		362,742,000
Available-for-sale Securities	$ 345,118,000		$ 361,915,000
Minimum Cost Saving for Refinance	2.00%
Bank Failure Rate	0.37%

XML 51 R40.htm IDEA: XBRL DOCUMENT

Note 7 - Trading Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member]
State and municipal securities	$ 4,006	$ 4,189
State and municipal securities	$ 4,006	$ 4,189

XML 52 R41.htm IDEA: XBRL DOCUMENT

Note 7 - Investment Securities Available-for-sale (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Investment securities available-for-sale	$ 51,975,000	$ 61,779,000
Investment securities available-for-sale, gross unrealized holding gains	198,000	88,000
Investment securities available-for-sale, gross unrealized holding losses	(37,000)	(490,000)
Available-for-sale, amortized cost	51,814,000	62,181,000
US States and Political Subdivisions Debt Securities [Member]
Investment securities available-for-sale	75,310,000	78,954,000
Investment securities available-for-sale, gross unrealized holding gains	1,822,000	1,554,000
Investment securities available-for-sale, gross unrealized holding losses	(3,000)	(31,000)
Available-for-sale, amortized cost	73,491,000	77,431,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Investment securities available-for-sale	137,178,000	136,681,000
Investment securities available-for-sale, gross unrealized holding gains	1,803,000	944,000
Investment securities available-for-sale, gross unrealized holding losses	(61,000)	(920,000)
Available-for-sale, amortized cost	135,436,000	136,657,000
Collateralized Mortgage Obligations [Member]
Investment securities available-for-sale	61,686,000	65,610,000
Investment securities available-for-sale, gross unrealized holding gains	479,000	178,000
Investment securities available-for-sale, gross unrealized holding losses	(335,000)	(1,178,000)
Available-for-sale, amortized cost	61,542,000	66,610,000
Collateralized Debt Obligations [Member]
Investment securities available-for-sale	2,655,000	2,653,000
Investment securities available-for-sale, gross unrealized holding gains	269,000	259,000
Investment securities available-for-sale, gross unrealized holding losses	(834,000)	(897,000)
Available-for-sale, amortized cost	3,220,000	3,291,000
Corporate Debt Securities [Member]
Investment securities available-for-sale	9,078,000	9,004,000
Investment securities available-for-sale, gross unrealized holding gains	23,000	15,000
Investment securities available-for-sale, gross unrealized holding losses	(24,000)	(95,000)
Available-for-sale, amortized cost	9,079,000	9,084,000
Equity Securities [Member]
Investment securities available-for-sale	7,236,000	7,234,000
Investment securities available-for-sale, gross unrealized holding gains	433,000	516,000
Investment securities available-for-sale, gross unrealized holding losses	(393,000)	(770,000)
Available-for-sale, amortized cost	7,196,000	7,488,000
Investment securities available-for-sale	345,118,000	361,915,000
Investment securities available-for-sale, gross unrealized holding gains	5,027,000	3,554,000
Investment securities available-for-sale, gross unrealized holding losses	(1,687,000)	(4,381,000)
Available-for-sale, amortized cost	$ 341,778,000	$ 362,742,000

XML 53 R42.htm IDEA: XBRL DOCUMENT

Note 7 - Investment Securities by Contractual Maturity (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Due in one year or less	$ 6,069,000
Due in one year or less	6,020,000
Due after one year through five years	212,395,000
Due after one year through five years	210,130,000
Due after five years through ten years	101,513,000
Due after five years through ten years	100,322,000
Due after ten years	17,905,000
Due after ten years	18,110,000
Equity securities	7,236,000
Equity securities	7,196,000
Available-for-sale Securities	345,118,000	$ 361,915,000
Available-for-sale Securities, Amortized Cost Basis	341,778,000	362,742,000
Due in one year or less	150,000
Due in one year or less	147,000
Due after one year through five years	0
Due after one year through five years	0
Due after five years through ten years	0
Due after five years through ten years	0
Due after ten years	0
Due after ten years	0
Total investment securities held-to-maturity	150,000	151,000
Total investment securities held-to-maturity	$ 147,000	$ 147,000

XML 54 R43.htm IDEA: XBRL DOCUMENT

Note 7 - Gross Realized Losses on Equity and Debt Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Equity Securities [Member]
Gross realized gains	$ 382,000	$ 426,000
Gross realized losses	0	0
Other-than-temporary impairment losses	(70,000)	0
Net gains	312,000	426,000
Debt Securities [Member]
Gross realized gains	80,000	88,000
Gross realized losses	(73,000)	(11,000)
Other-than-temporary impairment losses	0	0
Net gains	7,000	77,000
Gross realized gains	462,000	514,000
Gross realized losses	(73,000)	(11,000)
Other-than-temporary impairment losses	(70,000)	0
Net gains	$ 319,000	$ 503,000

XML 55 R44.htm IDEA: XBRL DOCUMENT

Note 7 - Credit-related Other-than-temporary Impairment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Balance, beginning of period	$ 1,153,000	$ 1,153,000
Reductions: gain on payoff	0	0
Initial credit impairments	0	0
Subsequent credit impairments	0	0
Balance, end of period	$ 1,153,000	$ 1,153,000

XML 56 R45.htm IDEA: XBRL DOCUMENT

Note 7 - Investment Securities Held-to-maturity (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
US States and Political Subdivisions Debt Securities [Member]
Held-to-maturity (fair value $150 and $151)	$ 147,000	$ 147,000
State and municipal securities	3,000	4,000
State and municipal securities	0	0
Held-to-maturity, fair value	150,000	151,000
Held-to-maturity (fair value $150 and $151)	147,000	147,000
Held-to-maturity, fair value	$ 150,000	$ 151,000

XML 57 R46.htm IDEA: XBRL DOCUMENT

Note 7 - Securities in a Continuous Unrealized Loss Position (Details)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)
US Government Agencies Debt Securities [Member]
No. of securities	7	32
Securities in an unrealized loss position less than 12 months, fair value	$ 8,971,000	$ 40,949,000
Securities in an unrealized loss position less than 12 months, unrealized losses	(37,000)	(418,000)
Securities in an unrealized loss position 12 months or longer, fair value	0	4,426,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	0	(72,000)
Securities in an unrealized loss position, fair value	8,971,000	45,375,000
Securities in an unrealized loss position, unrealized losses	$ (37,000)	$ (490,000)
US States and Political Subdivisions Debt Securities [Member]
No. of securities	6	20
Securities in an unrealized loss position less than 12 months, fair value	$ 1,128,000	$ 6,646,000
Securities in an unrealized loss position less than 12 months, unrealized losses	(1,000)	(19,000)
Securities in an unrealized loss position 12 months or longer, fair value	755,000	1,555,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	(2,000)	(12,000)
Securities in an unrealized loss position, fair value	1,883,000	8,201,000
Securities in an unrealized loss position, unrealized losses	$ (3,000)	$ (31,000)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
No. of securities	13	62
Securities in an unrealized loss position less than 12 months, fair value	$ 9,703,000	$ 90,796,000
Securities in an unrealized loss position less than 12 months, unrealized losses	(16,000)	(871,000)
Securities in an unrealized loss position 12 months or longer, fair value	9,731,000	1,403,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	(45,000)	(49,000)
Securities in an unrealized loss position, fair value	19,434,000	92,199,000
Securities in an unrealized loss position, unrealized losses	$ (61,000)	$ (920,000)
Collateralized Mortgage Obligations [Member]
No. of securities	26	49
Securities in an unrealized loss position less than 12 months, fair value	$ 3,739,000	$ 28,372,000
Securities in an unrealized loss position less than 12 months, unrealized losses	(21,000)	(261,000)
Securities in an unrealized loss position 12 months or longer, fair value	23,981,000	26,354,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	(314,000)	(917,000)
Securities in an unrealized loss position, fair value	27,720,000	54,726,000
Securities in an unrealized loss position, unrealized losses	$ (335,000)	$ (1,178,000)
Collateralized Debt Obligations [Member]
No. of securities	5	5
Securities in an unrealized loss position less than 12 months, fair value	$ 0	$ 0
Securities in an unrealized loss position less than 12 months, unrealized losses	0	0
Securities in an unrealized loss position 12 months or longer, fair value	2,224,000	2,193,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	(834,000)	(897,000)
Securities in an unrealized loss position, fair value	2,224,000	2,193,000
Securities in an unrealized loss position, unrealized losses	$ (834,000)	$ (897,000)
Corporate Debt Securities [Member]
No. of securities	4	6
Securities in an unrealized loss position less than 12 months, fair value	$ 4,035,000	$ 5,988
Securities in an unrealized loss position less than 12 months, unrealized losses	(24,000)	(95)
Securities in an unrealized loss position 12 months or longer, fair value	0	0
Securities in an unrealized loss position 12 months or longer, unrealized losses	0	0
Securities in an unrealized loss position, fair value	4,035,000	5,988
Securities in an unrealized loss position, unrealized losses	$ (24,000)	$ (95)
Equity Securities [Member]
No. of securities	10	19
Securities in an unrealized loss position less than 12 months, fair value	$ 2,119,000	$ 4,035,000
Securities in an unrealized loss position less than 12 months, unrealized losses	(160,000)	(695,000)
Securities in an unrealized loss position 12 months or longer, fair value	671,000	193,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	(233,000)	(75,000)
Securities in an unrealized loss position, fair value	2,790,000	4,228,000
Securities in an unrealized loss position, unrealized losses	$ (393,000)	$ (770,000)
No. of securities	71	193
Securities in an unrealized loss position less than 12 months, fair value	$ 29,695,000	$ 176,786,000
Securities in an unrealized loss position less than 12 months, unrealized losses	(259,000)	(2,359,000)
Securities in an unrealized loss position 12 months or longer, fair value	37,362,000	36,124,000
Securities in an unrealized loss position 12 months or longer, unrealized losses	(1,428,000)	(2,022,000)
Securities in an unrealized loss position, fair value	67,057,000	212,910,000
Securities in an unrealized loss position, unrealized losses	$ (1,687,000)	$ (4,381,000)

XML 58 R47.htm IDEA: XBRL DOCUMENT

Note 7 - Pooled Trust Preferred Securities (Details)

3 Months Ended

Mar. 31, 2016

USD ($)

Mar. 31, 2015

USD ($)

Dec. 31, 2015

USD ($)

PreTSL IV [Member]

^[1]

Mezzanine*

$ 243,000

199,000

(44,000)

$ (1,000)

B1/BB

Actual deferrals and defaults as a % of total collateral

18.00%

Total performing collateral as a % of outstanding bonds

140.90%

PreTSL XVII [Member]

Mezzanine

$ 667,000

537,000

(130,000)

$ (222,000)

C/CC

Actual deferrals and defaults as a % of total collateral

26.70%

Total performing collateral as a % of outstanding bonds

91.80%

PreTSL XIX [Member]

Mezzanine

$ 958,000

591,000

(367,000)

$ 0

B3/CC

Actual deferrals and defaults as a % of total collateral

16.10%

Total performing collateral as a % of outstanding bonds

91.30%

PreTSL XXV [Member]

Mezzanine

$ 766,000

526,000

(240,000)

$ (222,000)

Ca/C

Actual deferrals and defaults as a % of total collateral

26.80%

Total performing collateral as a % of outstanding bonds

88.60%

PreTSL XXVI [Member] | Security One [Member]

Mezzanine

$ 424,000

371,000

(53,000)

$ (270,000)

Caa3/C

Actual deferrals and defaults as a % of total collateral

20.40%

Total performing collateral as a % of outstanding bonds

96.10%

PreTSL XXVI [Member] | Security Two [Member]

Mezzanine

$ 162,000

431,000

269,000

$ (438,000)

Caa3/C

Actual deferrals and defaults as a % of total collateral

20.40%

Total performing collateral as a % of outstanding bonds

96.10%

Collateralized Debt Obligations [Member]

$ 3,220,000

$ 3,291,000

2,655,000

2,653,000

(565,000)

(1,153,000)

341,778,000

362,742,000

345,118,000

$ 361,915,000

US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]

$ (70,000)

$ 0

[1]	Mezzanine* - only class of bonds still outstanding (represents the senior-most obligation of the trust)

XML 59 R48.htm IDEA: XBRL DOCUMENT

Note 8 - Loans & Allowance for Loan Losses (Details Textual)	3 Months Ended
	Mar. 31, 2016 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($)
Residential Portfolio Segment [Member] \| Maximum [Member]
Loan to Value Ratio	80.00%
Residential Portfolio Segment [Member]
Mortgage Loans in Process of Foreclosure, Amount	$ 72,000
Performing Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	1,268,000		$ 1,288,000
Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Recorded Investment	2,436,000		990,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 0	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Bank Overdrafts	$ 102,000		203,000
Financing Receivable, Modifications, Recorded Investment	3,704,000		2,278,000
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 1,927,000		$ 1,919,000

XML 60 R49.htm IDEA: XBRL DOCUMENT

Note 8 - Major Classes of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Loans and leases receivable	$ 115,445	$ 124,397
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Loans and leases receivable	31,577	27,372
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Loans and leases receivable	225,085	235,171
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Loans and leases receivable	64,674	63,164
State and Political Subdivisions Portfolio Segment [Member]
Loans and leases receivable	39,261	40,285
Finance Leases Portfolio Segment [Member]
Loans and leases receivable	10,170	10,371
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Loans and leases receivable	43,692	42,833
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Loans and leases receivable	67,318	67,384
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Loans and leases receivable	4,392	4,286
Loans and leases receivable	601,614	615,263
Net unearned costs	72	7
Loans receivable	$ 601,686	$ 615,270

XML 61 R50.htm IDEA: XBRL DOCUMENT

Note 8 - Internal Risk Ratings and Payment Activity (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Pass [Member]
Loans and leases receivable	$ 108,720,000	$ 117,246,000
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Special Mention [Member]
Loans and leases receivable	6,000	0
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Substandard [Member]
Loans and leases receivable	6,719,000	7,151,000
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Loans and leases receivable	115,445,000	124,397,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Pass [Member]
Loans and leases receivable	31,562,000	27,355,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Special Mention [Member]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Substandard [Member]
Loans and leases receivable	15,000	17,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Loans and leases receivable	31,577,000	27,372,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Pass [Member]
Loans and leases receivable	209,141,000	218,958,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Special Mention [Member]
Loans and leases receivable	815,000	361,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Substandard [Member]
Loans and leases receivable	15,129,000	15,852,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Loans and leases receivable	225,085,000	235,171,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Pass [Member]
Loans and leases receivable	61,908,000	60,286,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Special Mention [Member]
Loans and leases receivable	0	34,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Substandard [Member]
Loans and leases receivable	2,766,000	2,844,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Loans and leases receivable	64,674,000	63,164,000
State and Political Subdivisions Portfolio Segment [Member] \| Pass [Member]
Loans and leases receivable	38,019,000	39,027,000
State and Political Subdivisions Portfolio Segment [Member] \| Special Mention [Member]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member] \| Substandard [Member]
Loans and leases receivable	1,242,000	1,258,000
State and Political Subdivisions Portfolio Segment [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member]
Loans and leases receivable	39,261,000	40,285,000
Finance Leases Portfolio Segment [Member] \| Pass [Member]
Loans and leases receivable	10,071,000	10,168,000
Finance Leases Portfolio Segment [Member] \| Special Mention [Member]
Loans and leases receivable	0	0
Finance Leases Portfolio Segment [Member] \| Substandard [Member]
Loans and leases receivable	99,000	203,000
Finance Leases Portfolio Segment [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
Finance Leases Portfolio Segment [Member]
Loans and leases receivable	10,170,000	10,371,000
Excluding Retail Loans [Member] \| Pass [Member]
Loans and leases receivable	459,421,000	473,040,000
Excluding Retail Loans [Member] \| Special Mention [Member]
Loans and leases receivable	821,000	395,000
Excluding Retail Loans [Member] \| Substandard [Member]
Loans and leases receivable	25,970,000	27,325,000
Excluding Retail Loans [Member] \| Doubtful [Member]
Loans and leases receivable	0	0
Excluding Retail Loans [Member]
Loans and leases receivable	486,212,000	500,760,000
Loans and leases receivable	$ 601,614,000	$ 615,263,000

XML 62 R51.htm IDEA: XBRL DOCUMENT

Note 8 - Retail Loans by Credit Quality (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member] \| Performing Financial Instruments [Member]
Loans and leases receivable	$ 43,412,000	$ 42,546,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member] \| Nonperforming Financial Instruments [Member]
Loans and leases receivable	280,000	287,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Loans and leases receivable	43,692,000	42,833,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member] \| Performing Financial Instruments [Member]
Loans and leases receivable	67,206,000	67,257,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member] \| Nonperforming Financial Instruments [Member]
Loans and leases receivable	112,000	127,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Loans and leases receivable	67,318,000	67,384,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member] \| Performing Financial Instruments [Member]
Loans and leases receivable	4,392,000	4,286,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member] \| Nonperforming Financial Instruments [Member]
Loans and leases receivable	0	0
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Loans and leases receivable	4,392,000	4,286,000
Total Retail Loans [Member] \| Performing Financial Instruments [Member]
Loans and leases receivable	115,010,000	114,089,000
Total Retail Loans [Member] \| Nonperforming Financial Instruments [Member]
Loans and leases receivable	392,000	414,000
Total Retail Loans [Member]
Loans and leases receivable	115,402,000	114,503,000
Loans and leases receivable	$ 601,614,000	$ 615,263,000

XML 63 R52.htm IDEA: XBRL DOCUMENT

Note 8 - Past Due Loans (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	$ 444,000	$ 95,000
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Loans past due	444,000	95,000
Loans current	115,001,000	124,302,000
Loans and leases receivable	115,445,000	124,397,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	0	63,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member] \| Construction Loans [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Loans past due	0	63,000
Loans current	31,577,000	27,309,000
Loans and leases receivable	31,577,000	27,372,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	856,000	443,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	868,000	935,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Loans past due	1,724,000	1,378,000
Loans current	223,361,000	233,793,000
Loans and leases receivable	225,085,000	235,171,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	42,000	0
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	97,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	430,000	369,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Loans past due	472,000	466,000
Loans current	64,202,000	62,698,000
Loans and leases receivable	64,674,000	63,164,000
State and Political Subdivisions Portfolio Segment [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	0	0
State and Political Subdivisions Portfolio Segment [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
State and Political Subdivisions Portfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
State and Political Subdivisions Portfolio Segment [Member]
Loans past due	0	0
Loans current	39,261,000	40,285,000
Loans and leases receivable	39,261,000	40,285,000
Finance Leases Portfolio Segment [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	687,000	320,000
Finance Leases Portfolio Segment [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	2,000	53,000
Finance Leases Portfolio Segment [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	72,000	130,000
Finance Leases Portfolio Segment [Member]
Loans past due	761,000	503,000
Loans current	9,409,000	9,868,000
Loans and leases receivable	10,170,000	10,371,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	304,000	641,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	234,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Loans past due	304,000	875,000
Loans current	43,388,000	41,958,000
Loans and leases receivable	43,692,000	42,833,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	260,000	272,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	0	0
Retail Portfolio Segment [Member] \| Home Equity Loan [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	45,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Loans past due	260,000	317,000
Loans current	67,058,000	67,067,000
Loans and leases receivable	67,318,000	67,384,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member] \| Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	10,000	12,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member] \| Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	2,000	10,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member] \| Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	0	0
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Loans past due	12,000	22,000
Loans current	4,380,000	4,264,000
Loans and leases receivable	4,392,000	4,286,000
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans past due	2,603,000	1,846,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans past due	4,000	394,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans past due	1,370,000	1,479,000
Loans past due	3,977,000	3,719,000
Loans current	597,637,000	611,544,000
Loans and leases receivable	$ 601,614,000	$ 615,263,000

XML 64 R53.htm IDEA: XBRL DOCUMENT

Note 8 - Non-accrual Loans (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Loans receivable	$ 0	$ 0
Loans receivable	3,144,000	3,433,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Loans receivable	0	0
Loans receivable	0	0
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Loans receivable	0	0
Loans receivable	3,488,000	3,627,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Loans receivable	0	0
Loans receivable	1,733,000	1,803,000
State and Political Subdivisions Portfolio Segment [Member]
Loans receivable	0	0
Loans receivable	0	0
Finance Leases Portfolio Segment [Member]
Loans receivable	8,000	11,000
Loans receivable	77,000	143,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Loans receivable	0	0
Loans receivable	280,000	287,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Loans receivable	0	0
Loans receivable	112,000	127,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Loans receivable	0	0
Loans receivable	0	0
Loans receivable	8,000	11,000
Loans receivable	$ 8,834,000	$ 9,420,000

XML 65 R54.htm IDEA: XBRL DOCUMENT

Note 8 - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended
Note 8 - Allowance for Loan Losses (Details) - USD ($)	Mar. 31, 2016	Mar. 31, 2015
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Allowance for loan losses, beginning of period	$ 1,521,000	$ 1,892,000
Provision for loan losses	(56,000)	(27,000)
Charge-offs	(140,000)	0
Recoveries	9,000	10,000
Allowance for loan losses, end of period	1,334,000	1,875,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Allowance for loan losses, beginning of period	286,000	297,000
Provision for loan losses	66,000	(12,000)
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	352,000	285,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Allowance for loan losses, beginning of period	2,411,000	2,700,000
Provision for loan losses	(121,000)	(105,000)
Charge-offs	0	(28,000)
Recoveries	2,000	2,000
Allowance for loan losses, end of period	2,292,000	2,569,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Allowance for loan losses, beginning of period	1,812,000	1,630,000
Provision for loan losses	(140,000)	38,000
Charge-offs	0	(4,000)
Recoveries	18,000	2,000
Allowance for loan losses, end of period	1,690,000	1,666,000
State and Political Subdivisions Portfolio Segment [Member]
Allowance for loan losses, beginning of period	222,000	221,000
Provision for loan losses	(26,000)	32,000
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	196,000	253,000
Finance Leases Portfolio Segment [Member]
Allowance for loan losses, beginning of period	164,000	93,000
Provision for loan losses	53,000	1,000
Charge-offs	(9,000)	(8,000)
Recoveries	0	9,000
Allowance for loan losses, end of period	208,000	95,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Allowance for loan losses, beginning of period	350,000	312,000
Provision for loan losses	2,000	(4,000)
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	352,000	308,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Allowance for loan losses, beginning of period	428,000	453,000
Provision for loan losses	(81,000)	21,000
Charge-offs	0	0
Recoveries	5,000	5,000
Allowance for loan losses, end of period	352,000	479,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Allowance for loan losses, beginning of period	76,000	85,000
Provision for loan losses	1,000	11,000
Charge-offs	(17,000)	(18,000)
Recoveries	9,000	7,000
Allowance for loan losses, end of period	69,000	85,000
Unallocated Financing Receivables [Member]
Allowance for loan losses, beginning of period	284,000	318,000
Provision for loan losses	427,000	45,000
Allowance for loan losses, end of period	711,000	363,000
Allowance for loan losses, beginning of period	7,554,000	$ 8,001,000
Provision for loan losses	125,000
Charge-offs	(166,000)	$ (58,000)
Recoveries	43,000	35,000
Allowance for loan losses, end of period	$ 7,556,000	$ 7,978,000

XML 66 R55.htm IDEA: XBRL DOCUMENT

Note 8 - Specific Reserve for Loans Modified as TDR's (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
TDRs with no specific allowance recorded - unpaid principal balance	$ 2,875	$ 1,787
TDRs with no specific allowance recorded - unpaid principal balance	2,875	1,787
TDRs with an allowance recorded - unpaid principal balance	829	491
TDRs with an allowance recorded - related allowance	468	491
Unpaid principal balance	$ 3,704	$ 2,278

XML 67 R56.htm IDEA: XBRL DOCUMENT

Note 8 - Loans by Loan Class Modified as TDRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016 USD ($)	Mar. 31, 2015 USD ($)
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Number of contracts	6
Pre-modification outstanding recorded investment	$ 1,074
Post-modification outstanding recorded investment	$ 1,050
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Number of contracts	3
Pre-modification outstanding recorded investment	$ 483
Post-modification outstanding recorded investment	$ 479
Number of contracts	9
Pre-modification outstanding recorded investment	$ 1,557
Post-modification outstanding recorded investment	$ 1,529

XML 68 R57.htm IDEA: XBRL DOCUMENT

Note 8 - Loans Disaggregated by Impairment Method (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Allowance for loan losses	$ 1,334,000	$ 1,521,000	$ 1,875,000	$ 1,892,000
Allowance for loan losses - individually evaluated for impairment	560,000	712,000
Allowance for loan losses - collectively evaluated for impairment	774,000	809,000
Loans and leases receivable	115,445,000	124,397,000
Loans - individually evaluated for impairment	4,324,000	4,586,000
Loans - collectively evaluated for impairment	111,121,000	119,811,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Allowance for loan losses	352,000	286,000	285,000	297,000
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	352,000	286,000
Loans and leases receivable	31,577,000	27,372,000
Loans - individually evaluated for impairment	367,000	364,000
Loans - collectively evaluated for impairment	31,210,000	27,008,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Allowance for loan losses	2,292,000	2,411,000	2,569,000	2,700,000
Allowance for loan losses - individually evaluated for impairment	102,000	14,000
Allowance for loan losses - collectively evaluated for impairment	2,190,000	2,397,000
Loans and leases receivable	225,085,000	235,171,000
Loans - individually evaluated for impairment	6,365,000	6,998,000
Loans - collectively evaluated for impairment	218,720,000	228,173,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Allowance for loan losses	1,690,000	1,812,000	1,666,000	1,630,000
Allowance for loan losses - individually evaluated for impairment	190,000	203,000
Allowance for loan losses - collectively evaluated for impairment	1,500,000	1,609,000
Loans and leases receivable	64,674,000	63,164,000
Loans - individually evaluated for impairment	2,039,000	2,113,000
Loans - collectively evaluated for impairment	62,635,000	61,051,000
State and Political Subdivisions Portfolio Segment [Member]
Allowance for loan losses	196,000	222,000	253,000	221,000
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	196,000	222,000
Loans and leases receivable	39,261,000	40,285,000
Loans - individually evaluated for impairment	0	0
Loans - collectively evaluated for impairment	39,261,000	40,285,000
Finance Leases Portfolio Segment [Member]
Allowance for loan losses	208,000	164,000	95,000	93,000
Allowance for loan losses - individually evaluated for impairment	33,000	20,000
Allowance for loan losses - collectively evaluated for impairment	175,000	144,000
Loans and leases receivable	10,170,000	10,371,000
Loans - individually evaluated for impairment	79,000	146,000
Loans - collectively evaluated for impairment	10,091,000	10,225,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Allowance for loan losses	352,000	350,000	308,000	312,000
Allowance for loan losses - individually evaluated for impairment	20,000	25,000
Allowance for loan losses - collectively evaluated for impairment	332,000	325,000
Loans and leases receivable	43,692,000	42,833,000
Loans - individually evaluated for impairment	574,000	583,000
Loans - collectively evaluated for impairment	43,118,000	42,250,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Allowance for loan losses	352,000	428,000	479,000	453,000
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	352,000	428,000
Loans and leases receivable	67,318,000	67,384,000
Loans - individually evaluated for impairment	136,000	151,000
Loans - collectively evaluated for impairment	67,182,000	67,233,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Allowance for loan losses	69,000	76,000	85,000	85,000
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	69,000	76,000
Loans and leases receivable	4,392,000	4,286,000
Loans - individually evaluated for impairment	0	0
Loans - collectively evaluated for impairment	4,392,000	4,286,000
Unallocated Financing Receivables [Member]
Allowance for loan losses	711,000	284,000	363,000	318,000
Allowance for loan losses	7,556,000	7,554,000	$ 7,978,000	$ 8,001,000
Allowance for loan losses - individually evaluated for impairment	905,000	974,000
Allowance for loan losses - collectively evaluated for impairment	5,940,000	6,296,000
Loans and leases receivable	601,614,000	615,263,000
Loans - individually evaluated for impairment	13,884,000	14,941,000
Loans - collectively evaluated for impairment	$ 587,730,000	$ 600,322,000

XML 69 R58.htm IDEA: XBRL DOCUMENT

Note 8 - Impaired Loans (Details) - USD ($)	3 Months Ended	12 Months Ended
Note 8 - Impaired Loans (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Commercial Portfolio Segment [Member] \| Commercial and Industrial [Member]
Recorded investment - with no specific allowance	$ 3,564,000	$ 3,629,000
Unpaid principal balance - with no specific allowance	3,880,000	3,923,000
Recorded investment - with an allowance	760,000	957,000
Unpaid principal balance - with an allowance	891,000	1,086,000
Related allowance	560,000	712,000
Recorded investment	4,324,000	4,586,000
Unpaid principal balance	4,771,000	5,009,000
Average recorded investment	4,570,000	6,108,000
Interest income recognized	19,000	169,000
Commercial Portfolio Segment [Member] \| Construction Loans [Member]
Recorded investment - with no specific allowance	367,000	364,000
Unpaid principal balance - with no specific allowance	367,000	364,000
Recorded investment - with an allowance	0	0
Unpaid principal balance - with an allowance	0	0
Related allowance	0	0
Recorded investment	367,000	364,000
Unpaid principal balance	367,000	364,000
Average recorded investment	382,000	396,000
Interest income recognized	4,000	20,000
Commercial Portfolio Segment [Member] \| Secured by Commercial Real Estate [Member]
Recorded investment - with no specific allowance	5,489,000	6,932,000
Unpaid principal balance - with no specific allowance	5,857,000	7,416,000
Recorded investment - with an allowance	876,000	66,000
Unpaid principal balance - with an allowance	1,023,000	66,000
Related allowance	102,000	14,000
Recorded investment	6,365,000	6,998,000
Unpaid principal balance	6,880,000	7,482,000
Average recorded investment	6,554,000	7,370,000
Interest income recognized	34	149,000
Commercial Portfolio Segment [Member] \| Secured by Residential Real Estate [Member]
Recorded investment - with no specific allowance	888,000	942,000
Unpaid principal balance - with no specific allowance	1,580,000	1,653,000
Recorded investment - with an allowance	1,151,000	1,171,000
Unpaid principal balance - with an allowance	1,268,000	1,279,000
Related allowance	190,000	203,000
Recorded investment	2,039,000	2,113,000
Unpaid principal balance	2,848,000	2,932,000
Average recorded investment	2,070,000	1,544,000
Interest income recognized	4,000	0
State and Political Subdivisions Portfolio Segment [Member]
Recorded investment - with no specific allowance	0	0
Unpaid principal balance - with no specific allowance	0	0
Recorded investment - with an allowance	0	0
Unpaid principal balance - with an allowance	0	0
Related allowance	0	0
Recorded investment	0	0
Unpaid principal balance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Finance Leases Portfolio Segment [Member]
Recorded investment - with no specific allowance	15,000	3,000
Unpaid principal balance - with no specific allowance	24,000	3,000
Recorded investment - with an allowance	64,000	143,000
Unpaid principal balance - with an allowance	66,000	145,000
Related allowance	33,000	20,000
Recorded investment	79,000	146,000
Unpaid principal balance	90,000	148,000
Average recorded investment	129,000	43,000
Interest income recognized	0	1,000
Retail Portfolio Segment [Member] \| Family Residential Mortgages [Member]
Recorded investment - with no specific allowance	389,000	393,000
Unpaid principal balance - with no specific allowance	403,000	406,000
Recorded investment - with an allowance	185,000	190,000
Unpaid principal balance - with an allowance	196,000	197,000
Related allowance	20,000	25,000
Recorded investment	574,000	583,000
Unpaid principal balance	599,000	603,000
Average recorded investment	580,000	448,000
Interest income recognized	3,000	6,000
Retail Portfolio Segment [Member] \| Home Equity Loan [Member]
Recorded investment - with no specific allowance	136,000	151,000
Unpaid principal balance - with no specific allowance	191,000	201,000
Recorded investment - with an allowance	0	0
Unpaid principal balance - with an allowance	0	0
Related allowance	0	0
Recorded investment	136,000	151,000
Unpaid principal balance	191,000	201,000
Average recorded investment	145,000	135,000
Interest income recognized	0	1,000
Retail Portfolio Segment [Member] \| Consumer Loans [Member]
Recorded investment - with no specific allowance	0	0
Unpaid principal balance - with no specific allowance	0	0
Recorded investment - with an allowance	0	0
Unpaid principal balance - with an allowance	0	0
Related allowance	0	0
Recorded investment	0	0
Unpaid principal balance	0	0
Average recorded investment	0	2,000
Interest income recognized	0	0
Recorded investment - with no specific allowance	10,848,000	12,414,000
Unpaid principal balance - with no specific allowance	12,302,000	13,966,000
Recorded investment - with an allowance	3,036,000	2,527,000
Unpaid principal balance - with an allowance	3,444,000	2,773,000
Related allowance	905,000	974,000
Recorded investment	13,884,000	14,941,000
Unpaid principal balance	15,746,000	16,739,000
Average recorded investment	14,430,000	16,046,000
Interest income recognized	$ 64,000	$ 346,000

XML 70 R59.htm IDEA: XBRL DOCUMENT

Note 9 - Fair Value Measurements and Disclosures (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Fair Value, Inputs, Level 3 [Member] \| Collateralized Debt Obligations [Member]
Number Of Trust Preferred Securities	6
Collateralized Debt Obligations [Member] \| Minimum [Member]
Fair Value Inputs, Loss Severity	0.00%
Collateralized Debt Obligations [Member] \| Maximum [Member]
Fair Value Inputs, Loss Severity	100.00%
Collateralized Debt Obligations [Member]
Number Of Trust Preferred Securities	6
London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	4.23%
London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	7.01%
Partial Charge-offs [Member]
Impaired Financing Receivable, with Related Allowance, Recorded Investment			$ 145,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	$ 0	$ 0
Fair Value Inputs, Loss Severity	95.00%
Minimum Cost Saving for Refinance	2.00%
Impaired Financing Receivable, with Related Allowance, Recorded Investment	$ 3,036,000		$ 2,527,000

XML 71 R60.htm IDEA: XBRL DOCUMENT

Note 9 - Financial Assets Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($)

Mar. 31, 2016

Dec. 31, 2015

US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]

$ 4,006,000

$ 4,189,000

US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]

$ 75,310,000

$ 78,954,000

US States and Political Subdivisions Debt Securities [Member]

$ 4,006,000

$ 4,189,000

US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]

$ 75,310,000

$ 78,954,000

US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]

US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]

$ 51,975,000

$ 61,779,000

US Government Agencies Debt Securities [Member]

Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member]

$ 51,975,000

$ 61,779,000

Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]

Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member]

$ 137,178,000

$ 136,681,000

Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]

Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member]

$ 137,178,000

$ 136,681,000

Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member]

Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member]

$ 61,686,000

$ 65,610,000

Collateralized Mortgage Obligations [Member]

Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]

$ 61,686,000

$ 65,610,000

Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]

Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]

Collateralized Debt Obligations [Member]

$ 2,655,000

$ 2,653,000

Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]

$ 2,655,000

$ 2,653,000

Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]

Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]

$ 9,078,000

$ 9,004,000

Corporate Debt Securities [Member]

Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]

$ 9,078,000

$ 9,004,000

Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]

$ 7,236,000

$ 7,234,000

Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]

Equity Securities [Member]

Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]

$ 7,236,000

$ 7,234,000

Fair Value, Inputs, Level 1 [Member] | Mortgage Servicing Rights [Member]

^[1]

Fair Value, Inputs, Level 1 [Member]

^[1]

$ 7,236,000

$ 7,234,000

$ 7,236,000

$ 7,234,000

Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]

^[1]

Fair Value, Inputs, Level 2 [Member] | Mortgage Servicing Rights [Member]

^[1]

Fair Value, Inputs, Level 2 [Member]

^[1]

$ 4,006,000

$ 4,189,000

335,227,000

352,028,000

$ 339,233,000

$ 356,217,000

Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]

^[1]

Fair Value, Inputs, Level 3 [Member] | Mortgage Servicing Rights [Member]

^[1]

$ 2,131,000

$ 1,698,000

Fair Value, Inputs, Level 3 [Member]

^[1]

$ 49,000

$ 133,000

$ 2,655,000

$ 2,653,000

2,655,000

2,653,000

^[1]

2,180,000

1,831,000

Impaired Loans [Member]

Mortgage Servicing Rights [Member]

^[1]

2,131,000

1,698,000

^[1]

49,000

133,000

4,006,000

4,189,000

345,118,000

361,915,000

349,124,000

366,104,000

Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]

^[1]

$ 2,180,000

$ 1,831,000

[1]	impairment

XML 72 R61.htm IDEA: XBRL DOCUMENT

Note 9 - Quantitative Information about Assets Measured at Fair Value (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

Appraisal adjustments

^[1],[2]

10.00%

15.00%

Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]

Appraisal adjustments

^[1],[2]

60.00%

80.00%

Impaired Loans [Member] | Income Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]

Impaired Loans [Member] | Commercial Vehicle and Equipment Guides Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]

^[1],[2]

$ 1,149

$ 1,331

Liquidation expenses

^[3]

10.00%

Impaired Loans [Member] | Commercial Vehicle and Equipment Guides Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]

^[4]

0.00%

Impaired Loans [Member] | Commercial Vehicle and Equipment Guides Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]

^[4]

30.00%

Impaired Loans [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]

^[4]

$ 106

$ 199

Impaired Loans [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]

^[5]

25.00%

Impaired Loans [Member] | Market Approach Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]

^[5]

70.00%

^[5]

$ 126

$ 168

Impaired Loans [Member] | Agreement of Sale [Member] | Fair Value, Inputs, Level 3 [Member]

25.00%

Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]

^[6]

$ 750

^[7]

2,131

1,698

Impaired Loans [Member]

Mortgage Servicing Rights [Member] | Discounted Cash Flow Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]

^[7]

$ 2,131

$ 1,698

Mortgage Servicing Rights [Member] | Discounted Cash Flow Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]

10.00%

Remaining term

3 years

Mortgage Servicing Rights [Member] | Discounted Cash Flow Valuation Technique [Member] | Fair Value, Inputs, Level 3 [Member]

12.00%

Remaining term

28 years

Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]

$ 49

$ 133

Mortgage Servicing Rights [Member]

^[7]

133

Fair Value, Inputs, Level 3 [Member]

^[7]

133

^[7]

2,180

1,831