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Note 8 - Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Note 8 - Fair Value Measurements (Tables) [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
           

Fair Value Measurements at September 30, 2014 Using

 

Description

 

Balance as of
September 30, 2014

   

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

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 

U.S. Government agencies and corporations

  $ 174,444     $ ---     $ 174,444     $ ---  

States and political subdivisions

    20,545       ---       20,545       ---  

Mortgage-backed securities

    2,206       ---       2,206       ---  

Corporate debt securities

    7,692       ---       7,692       ---  

Other securities

    133       ---       133       ---  

Total securities available for sale

  $ 205,020     $ ---     $ 205,020     $ ---  
           

Fair Value Measurements at December 31, 2013 Using

 

Description

 

Balance as of
December 31,
2013

   

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

   

Significant
Other
Observable
Inputs
(Level 2)

   

Significant
Unobservable Inputs
(Level 3)

 

U.S. Government agencies and corporations

  $ 147,854     $ ---     $ 147,854     $ ---  

States and political subdivisions

    23,456       ---       23,456       ---  

Mortgage-backed securities

    2,840       ---       2,840       ---  

Corporate debt securities

    7,395       ---       7,395       ---  

Other securities

    167       ---       167       ---  

Total securities available for sale

  $ 181,712     $ ---     $ 181,712     $ ---  
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:                                

September 30, 2014

Impaired loans net of valuation allowance   $ 5,668     $ ---     $ ---     $ 5,668  

December 31, 2013

Impaired loans net of valuation allowance     1,989       ---       ---       1,989  
             

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:                                

September 30, 2014

Other real estate owned net of valuation allowance   $ 5,145     $ ---     $ ---     $ 5,145  

December 31, 2013

Other real estate owned net of valuation allowance     4,712       ---       ---       4,712  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

September 30, 2014

 
   

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

  $ 12,815     $ 12,815     $ ---     $ ---     $ 12,815    

Interest-bearing deposits

    87,621       87,621       ---       ---       87,621    

Securities

    367,477       ---       372,429       ---       372,429    

Restricted securities

    1,089       ---       1,089       ---       1,089    

Mortgage loans held for sale

    725       ---       725       ---       725    

Loans, net

    587,770       ---       ---       649,041       649,041    

Accrued interest receivable

    5,708       5,708       ---       ---       5,708    

Bank-owned life insurance

    21,643       21,643       ---       ---       21,643    

Financial Liabilities:

                                         

Deposits

  $ 948,923     $ 724,993     $ ---     $ 223,261     $ 948,254    

Accrued interest payable

    67       67       ---       ---       67    
    December 31, 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

  $ 13,283     $ 13,283     $ ---     $ ---     $ 13,283  

Interest-bearing deposits

    98,066       98,066       ---       ---       98,066  

Securities

    345,695       ---       341,049       ---       341,049  

Restricted securities

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

Mortgage loans held for sale

    1,276       ---       1,276       ---       1,276  

Loans, net

    587,463       ---       ---       616,755       616,755  

Accrued interest receivable

    5,949       5,949       ---       ---       5,949  

Bank-owned life insurance

    21,181       21,181       ---       ---       21,181  

Financial Liabilities:

                                       

Deposits

  $ 960,036     $ 718,327     $ ---     $ 247,753     $ 966,080  

Accrued interest payable

    92       92       ---       ---       92  
Impaired Loans [Member]
 
Note 8 - Fair Value Measurements (Tables) [Line Items]  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

 September 30, 2014

 

Valuation Technique

 

Unobservable Input

 

Range

(Weighted Average)

 

Impaired loans

 

Present value of cash flows

 

Market rate for borrower (discount rate)

  5.88%

– 9.50%

6.11%    

Impaired loans

 

Discounted appraised value

 

Selling cost

   

 

  10% (1) 
Other Real Estate Owned [Member]
 
Note 8 - Fair Value Measurements (Tables) [Line Items]  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

September 30, 2014

 

Valuation Technique

 

Unobservable Input

 

Range

(Weighted Average)

 
                       

Other real estate owned

 

Discounted appraised value

 

Selling cost

  0.00% (1) – 10%

 

9.13%  

Other real estate owned

 

Discounted appraised value

 

Discount for lack of marketability and age of appraisal

  3.76%   – 48.33%

 

14.64%