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Note 8 - Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2016
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
 
 
 
 
 
 
Fair Value Measurements at June 30, 2016 Using
 
Description
 
Balance as of
June 30, 2016
 
 
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
 
$
281,723
 
 
$
---
 
 
$
281,723
 
 
$
---
 
States and political subdivisions
 
 
13,993
 
 
 
---
 
 
 
13,993
 
 
 
---
 
Mortgage-backed securities
 
 
1,144
 
 
 
---
 
 
 
1,144
 
 
 
---
 
Corporate debt securities
 
 
6,241
 
 
 
---
 
 
 
6,241
 
 
 
---
 
Other securities
 
 
141
 
 
 
---
 
 
 
141
 
 
 
---
 
Total securities available for sale
 
$
303,242
 
 
$
---
 
 
$
303,242
 
 
$
---
 
 
 
 
 
 
 
Fair Value Measurements at December 31, 2015 Using
 
Description
 
Balance as of
December 31,
2015
 
 
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
  $ 212,464     $ ---     $ 212,464     $ ---  
States and political subdivisions
    16,475       ---       16,475       ---  
Mortgage-backed securities
    1,319       ---       1,319       ---  
Corporate debt securities
    5,746       ---       5,746       ---  
Other securities
    127       ---       127       ---  
Total securities available for sale
  $ 236,131     $ ---     $ 236,131     $ ---  
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, 2016
Impaired loans net of valuation allowance
 
$
1,727
 
 
 
 
 
 
 
 
 
 
$
1,727
 
December 31, 2015
Impaired loans net of valuation allowance
    2,328       ---       ---       2,328  
 
 
 
 
 
 
 
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, 2016
Other real estate owned net of valuation allowance
 
$
3,425
 
 
 
 
 
 
 
 
 
 
$
3,425
 
December 31, 2015
Other real estate owned net of valuation allowance
    4,165       ---       ---       4,165  
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]
June 30, 2016
Valuation Technique
Unobservable Input
 
Range
(Weighted Average)
 
Impaired loans
Present value of cash flows
Market rate for borrower (discount rate)
  5.50% - 8.00% (6.45%)  
December 31, 2015
Valuation Technique
Unobservable Input
 
Range
(Weighted Average)
 
Impaired loans
Present value of cash flows
Discount rate
  6.00% - 7.38% (6.56%)  
June 30, 2016
Valuation Technique
Unobservable Input
 
Range
(Weighted Average)
 
                 
Other real estate owned
Discounted appraised value
Selling cost
  0%
(1)
10.00%  (5.95%)  
Other real estate owned
Discounted appraised value
Discount for lack of marketability and age of appraisal
  0%  53.46% (10.14%)  
December 31, 2015
Valuation Technique
Unobservable Input
 
Range
(Weighted Average)
 
                 
Other real estate owned
Discounted appraised value
Selling cost
  0%
(1)
10.00%  (5.89%)  
Other real estate owned
Discounted appraised value
Discount for lack of marketability and age of appraisal
  0% - 50.01% (10.16%)  
Fair Value, by Balance Sheet Grouping [Table Text Block]
 
 
June 30, 2016
 
 
 
Carrying
Amount
 
 
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 due from banks
 
$
14,320
 
 
$
14,320
 
 
$
---
 
 
$
---
 
Interest-bearing deposits
 
 
75,892
 
 
 
75,892
 
 
 
---
 
 
 
---
 
Securities
 
 
441,666
 
 
 
---
 
 
 
449,483
 
 
 
---
 
Restricted securities
 
 
1,170
 
 
 
---
 
 
 
1,170
 
 
 
---
 
Loans held for sale
 
 
663
 
 
 
---
 
 
 
663
 
 
 
---
 
Loans, net
 
 
622,721
 
 
 
---
 
 
 
---
 
 
 
638,760
 
Accrued interest receivable
 
 
5,259
 
 
 
---
 
 
 
5,259
 
 
 
---
 
Bank-owned life insurance
 
 
22,699
 
 
 
---
 
 
 
22,699
 
 
 
---
 
Financial Liabilities:
                               
Deposits
 
$
1,021,738
 
 
$
---
 
 
$
842,198
 
 
$
178,399
 
Accrued interest payable
 
 
56
 
 
 
---
 
 
 
56
 
 
 
---
 
 
 
December 31, 2015
 
 
 
Carrying
Amount
 
 
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 due from banks
  $ 12,152     $ 12,152     $ ---     $ ---  
Interest-bearing deposits
    130,811       130,811       ---       ---  
Securities
    388,159       ---       394,163       ---  
Restricted securities
    1,129       ---       1,129       ---  
Mortgage loans held for sale
    634       ---       634       ---  
Loans, net
    610,711       ---       ---       621,590  
Accrued interest receivable
    5,769       ---       5,769       ---  
Bank-owned life insurance
    22,401       ---       22,401       ---  
Financial Liabilities:
                               
Deposits
  $ 1,018,859     $ ---     $ 826,476     $ 193,912  
Accrued interest payable
    56       ---       56       ---