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Note 8 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements at June 30, 2013 Using

 

Description

 

Balance as of
June 30, 2013

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 

U.S. Treasury

  $ 2,032     $ ---     $ 2,032     $ ---  

U.S. Government agencies

    161,786       ---       161,786       ---  

States and political subdivisions

    27,887       ---       27,887       ---  

Mortgage-backed securities

    3,581       ---       3,581       ---  

Corporate

    8,438       ---       8,438       ---  

Other securities

    2,224       ---       2,224       ---  

Total Securities Available for Sale

  $ 205,948     $ ---     $ 205,948     $ ---  
           

Fair Value Measurements at December 31, 2012 Using

 

Description

 

Balance as of
December 31,
2012

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 

U.S. Treasury

  $ 2,073     $ ---     $ 2,073     $ ---  

U.S. Government agencies

    129,564       ---       129,564       ---  

States and political subdivisions

    36,779       ---       36,779       ---  

Mortgage-backed securities

    4,569       ---       4,569       ---  

Corporate

    14,575       ---       14,575       ---  

Other securities

    2,255       ---       2,255       ---  

Total Securities Available for Sale

  $ 189,815     $ ---     $ 189,815     $ ---  
Fair Value Measurements, Nonrecurring [Table Text Block]
             

Carrying Value

 

Date

Description

 

Balance

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 
 

Assets:

                               

June 30, 2013

Impaired loans net of valuation allowance

  $ 1,176     $ ---     $ ---     $ 1,176  

December 31, 2012

Impaired loans net of valuation allowance

    928       ---       ---       928  
             

Carrying Value

 

Date

Description

 

Balance

   

Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 
 

Assets:

                               

June 30, 2013

Other real estate owned net of valuation allowance

  $ 969     $ ---     $ ---     $ 969  

December 31, 2012

Other real estate owned net of valuation allowance

    1,435       ---       ---       1,435  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

June 30, 2013

Valuation Technique

Unobservable Input

 

Range

(Weighted Average) 

               

Impaired loans 

Discounted appraised value 

Selling cost 

    10%(1)    

Impaired loans 

Present value of cash flows 

Discount rate 

  6.25% - 7.75% (6.63%)

December 31, 2012

Valuation Technique

Unobservable Input

 

Range

(Weighted Average) 

               

Impaired loans 

Discounted appraised value 

Selling cost 

  0% - 10.00% (2.00%)

Impaired loans 

Discounted appraised value 

Discount for lack of marketability and age of appraisal 

  0% - 60.00% (52.00%)

Impaired loans 

Present value of cash flows 

Discount rate 

  6.00% - 7.50% (6.28%)

June 30, 2013

Valuation Technique

Unobservable Input

 

Range

(Weighted Average) 

 
               

Other real estate owned 

Discounted appraised value 

Selling cost 

  0.00%(1) 9.95%

(2.66%)

Other real estate owned 

Discounted appraised value 

Discount for lack of marketability and age of appraisal 

  0.00% - 3.65% (0.61%)

December 31, 2012

Valuation Technique

Unobservable Input

 

Range

(Weighted Average) 

 
               

Other real estate owned 

Discounted appraised value 

Selling cost 

  0.00%(1) 6.00%

(4.30%) 

Other real estate owned 

Discounted appraised value 

Discount for lack of marketability and age of appraisal 

  0.00% - 30.90% (4.68%)
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

June 30, 2013

 
   

Carrying
Amount

   

Quoted Prices in Active Markets for Identical Assets

Level 1  

   

Significant Other Observable Inputs

Level 2  

   

Significant Unobservable Inputs

Level 3  

   

Total Estimated

Fair Value

 

Financial Assets:

                                       

Cash and due from banks

  $ 13,474     $ 13,474     $ ---     $ ---     $ 13,474  

Interest-bearing deposits

    63,731       63,731       ---       ---       63,731  

Securities

    372,863       ---       369,832       ---       369,832  

Restricted securities

    1,414       ---       1,414       ---       1,414  

Mortgage loans held for sale

    1,950       ---       1,950       ---       1,950  

Loans, net

    580,109       ---       ---       600,826       600,826  

Accrued interest receivable

    6,291       6,291       ---       ---       6,291  

Bank-owned life insurance

    20,858       20,858       ---       ---       20,858  

Financial Liabilities:

                                       

Deposits

  $ 938,521     $ 678,921     $ ---     $ 258,326     $ 937,247  

Accrued interest payable

    126       126       ---       ---       126  
   

December 31, 2012

 
   

Carrying
Amount

   

Quoted Prices in Active Markets for Identical Assets

Level 1  

   

Significant Other Observable Inputs

Level 2  

   

Significant Unobservable Inputs

Level 3  

   

Total Estimated

Fair Value

 

Financial Assets:

                                       

Cash and due from banks

  $ 14,783     $ 14,783     $ ---     $ ---     $ 14,783  

Interest-bearing deposits

    96,597       96,597       ---       ---       96,597  

Securities

    350,354       ---       360,661       ---       360,661  

Restricted securities

    1,689       ---       1,689       ---       1,689  

Mortgage loans held for sale

    2,796       ---       2,796       ---       2,796  

Loans, net

    583,813       ---       ---       570,471       570,471  

Accrued interest receivable

    6,247       6,247       ---       ---       6,247  

Bank-owned life insurance

    20,523       20,523       ---       ---       20,523  

Financial Liabilities:

                                       

Deposits

  $ 946,766     $ 669,028     $ ---     $ 272,820     $ 941,848  

Accrued interest payable

    139       139       ---       ---       139