QNB (QNBC) 10-Q 8 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 01, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	QNB CORP
Entity Central Index Key	750,558
Trading Symbol	qnbc
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		3,424,756
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 13,787	$ 8,897
Interest-bearing deposits in banks	6,755	1,824
Total cash and cash equivalents	20,542	10,721
Investment securities
Trading	2,358	3,596
Available-for-sale (amortized cost $387,489 and $396,168)	382,296	390,475
Restricted investment in bank stocks	910	1,017
Loans held-for-sale	903	789
Loans receivable	659,039	633,079
Allowance for loan losses	(7,719)	(7,394)
Net loans	651,320	625,685
Bank-owned life insurance	10,923	11,297
Premises and equipment, net	8,539	8,683
Accrued interest receivable	2,774	3,128
Net deferred tax assets	5,368	5,473
Other assets	3,074	2,277
Total assets	1,089,007	1,063,141
Deposits
Demand, non-interest bearing	121,778	119,010
Interest-bearing demand	262,076	255,754
Money market	80,099	74,762
Savings	252,471	238,247
Time	129,199	131,370
Time of $100 or more	97,268	94,212
Total deposits	942,891	913,355
Short-term borrowings	45,265	52,660
Accrued interest payable	303	335
Other liabilities	4,505	3,224
Total liabilities	992,964	969,574
Shareholders' Equity
Common stock, par value $0.625 per share; authorized 10,000,000 shares; 3,589,325 shares and 3,576,270 shares issued; 3,424,756 and 3,411,701 shares outstanding	2,243	2,235
Surplus	17,756	17,418
Retained earnings	81,948	80,147
Accumulated other comprehensive loss, net of tax	(3,428)	(3,757)
Treasury stock, at cost; 164,569 shares	(2,476)	(2,476)
Total shareholders' equity	96,043	93,567
Total liabilities and shareholders' equity	$ 1,089,007	$ 1,063,141

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement Of Financial Position [Abstract]
Available-for-sale, amortized cost	$ 387,489	$ 396,168
Common stock, par value (in dollars per share)	$ 0.625	$ 0.625
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	3,589,325	3,576,270
Common stock, shares outstanding (in shares)	3,424,756	3,411,701
Treasury stock, shares (in shares)	164,569	164,569

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest income
Interest and fees on loans	$ 7,072	$ 6,352
Interest and dividends on investment securities (AFS & HTM):
Taxable	1,563	1,356
Tax-exempt	465	516
Interest on trading securities	29	40
Interest on interest-bearing balances and other interest income	7	16
Total interest income	9,136	8,280
Interest on deposits
Interest-bearing demand	174	152
Money market	52	47
Savings	259	226
Time	368	373
Time of $100 or more	323	318
Interest on short-term borrowings	80	43
Total interest expense	1,256	1,159
Net interest income	7,880	7,121
Provision for loan losses	300	125
Net interest income after provision for loan losses	7,580	6,996
Non-interest income
Total other-than-temporary impairment loss on investment securities	0	(70)
Net other-than temporary impairment losses on investment securities		(70)
Net gain on sale of investment securities	749	389
Net gain on investment securities	749	319
Net gain on trading activities	17	34
Fees for services to customers	392	383
ATM and debit card	417	388
Retail brokerage and advisory	103	170
Bank-owned life insurance	71	71
Merchant	80	73
Net gain on sale of loans	50	49
Other	111	89
Total non-interest income	1,990	1,576
Non-interest expense
Salaries and employee benefits	3,086	3,054
Net occupancy	451	441
Furniture and equipment	429	425
Marketing	229	196
Third party services	394	403
Telephone, postage and supplies	200	186
State taxes	193	180
FDIC insurance premiums	141	170
Other	465	464
Total non-interest expense	5,588	5,519
Income before income taxes	3,982	3,053
Provision for income taxes	1,122	788
Net income	$ 2,860	$ 2,265
Earnings per share - basic	$ 0.84	$ 0.67
Earnings per share - diluted	0.83	0.67
Cash dividends per share	$ 0.31	$ 0.30

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net income, Before tax amount	$ 3,982	$ 3,053
Net unrealized holding gains on securities, Before tax amount:
Unrealized holding gains arising during the period, Before tax amount	1,249	4,486
Reclassification adjustment for gains included in net income, Before tax amount	(749)	(319)
Unrealized holding gains arising during the period, Tax expense (benefit)	425	1,525
Reclassification adjustment for gains included in net income, Tax expense (benefit)	(254)	(108)
Unrealized holding gains arising during the period, Net of tax amount	824	2,961
Reclassification adjustment for gains included in net income, Net of tax amount	(495)	(211)
Other comprehensive income, Before tax amount	500	4,167
Total comprehensive income, Before tax amount	4,482	7,220
Tax expense (benefit)	1,122	788
Other comprehensive income, Tax expense (benefit)	171	1,417
Total comprehensive income, Tax expense (benefit)	1,293	2,205
Net income	2,860	2,265
Other comprehensive income, Net of tax amount	329	2,750
Total comprehensive income, Net of tax amount	$ 3,189	$ 5,015

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]
Balance (in shares) at Dec. 31, 2015		3,359,794
Balance at Dec. 31, 2015	$ 90,443	$ 2,203	$ 15,973	$ 75,289	$ (546)	$ (2,476)
Net income	2,265			2,265
Other comprehensive income, net of tax	2,750				2,750
Cash dividends declared	(1,012)			(1,012)
Stock issued in connection with dividend reinvestment and stock purchase plan (in shares)		8,657
Stock issued in connection with dividend reinvestment and stock purchase plan	$ 246	$ 5	241
Stock issued for options exercised (in shares)	17,900	13,472
Stock issued for options exercised	$ 235	$ 9	226
Tax benefit of stock options exercised	12		12
Stock-based compensation expense	16		16
Balance (in shares) at Mar. 31, 2016		3,381,923
Balance at Mar. 31, 2016	$ 94,955	$ 2,217	16,468	76,542	2,204	(2,476)
Balance (in shares) at Dec. 31, 2016	3,411,701	3,411,701
Balance at Dec. 31, 2016	$ 93,567	$ 2,235	17,418	80,147	(3,757)	(2,476)
Net income	2,860			2,860
Other comprehensive income, net of tax	329				329
Cash dividends declared	(1,059)			(1,059)
Stock issued in connection with dividend reinvestment and stock purchase plan (in shares)		6,656
Stock issued in connection with dividend reinvestment and stock purchase plan	$ 242	$ 4	238
Stock issued for options exercised (in shares)	10,375	6,399
Stock issued for options exercised	$ 86	$ 4	82
Stock-based compensation expense	$ 18		18
Balance (in shares) at Mar. 31, 2017	3,424,756	3,424,756
Balance at Mar. 31, 2017	$ 96,043	$ 2,243	$ 17,756	$ 81,948	$ (3,428)	$ (2,476)

Consolidated Statement of Shar7

Consolidated Statement of Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Retained Earnings [Member]
Cash dividends declared, per share (in dollars per share)	$ 0.31	$ 0.30

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net income	$ 2,860	$ 2,265
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	202	222
Provision for loan losses	300	125
Net gain on investment securities available-for-sale	(749)	(319)
Net gain on sale of other real estate owned, repossessed assets and premises and equipment	(1)	(1)
Net gain on sale of loans	(50)	(49)
Proceeds from sales of residential mortgages held-for-sale	2,023	1,557
Origination of residential mortgages held-for-sale	(2,087)	(611)
Income on bank-owned life insurance	(71)	(71)
Stock-based compensation expense	18	16
Net decrease in trading securities	1,238	183
Deferred income tax provision	(67)	(17)
Net increase in income taxes payable	1,139	153
Net decrease (increase) in accrued interest receivable	354	(48)
Amortization of mortgage servicing rights and change in valuation allowance	20	17
Net amortization of premiums and discounts on investment securities	414	482
Net (decrease) increase in accrued interest payable	(32)	2
Increase in other assets	(817)	(553)
(Decrease) increase in other liabilities	(12)	73
Net cash provided by operating activities	4,682	3,426
Investing Activities
Proceeds from payments, maturities and calls of investment securities available-for-sale	14,116	22,102
Proceeds from the sale of investment securities available-for-sale	13,996	24,616
Purchases of investment securities available-for-sale	(18,943)	(26,740)
Proceeds from redemption of investment in restricted bank stock	1,930	1,482
Purchase of restricted bank stock	(1,823)	(1,482)
Net (increase) decrease in loans	(25,935)	13,461
Net purchases of premises and equipment	(58)	(37)
Redemption of bank-owned life insurance	446
Proceeds from sales of other real estate owned and repossessed assets		1
Net cash provided by (used in) investing activities	(16,271)	33,403
Financing Activities
Net increase in non-interest bearing deposits	2,768	7,117
Net increase (decrease) in interest-bearing deposits	26,768	(31,543)
Net (decrease) increase in short-term borrowings	(7,395)	3,263
Tax benefit from exercise of stock options		12
Cash dividends paid, net of reinvestment	(928)	(884)
Proceeds from issuance of common stock	197	353
Net cash provided by financing activities	21,410	(21,682)
Increase in cash and cash equivalents	9,821	15,147
Cash and cash equivalents at beginning of year	10,721	16,991
Cash and cash equivalents at end of period	20,542	32,138
Supplemental Cash Flow Disclosures
Interest paid	1,288	1,157
Income taxes paid	49	640
Non-cash transactions:
Unsettled trades to purchase securities	$ 155	546
Unsettled trades to sell securities		$ (875)

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements include the accounts of QNB Corp. and its wholly-owned subsidiary, QNB Bank (the “Bank”). The consolidated entity is referred to herein as “QNB” or the “Company”. All significant intercompany accounts and transactions are eliminated in the consolidated financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in QNB's 2016 Annual Report incorporated in the Form 10-K. Operating results for the three month period ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. The unaudited consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair presentation of the results of operations for the period and are of a normal and recurring nature. Tabular information, other than share and per share data, is presented in thousands of dollars. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from such estimates. The Company has evaluated events and transactions occurring subsequent to the balance sheet date of March 31, 2017, for items that should potentially be recognized or disclosed in these financial statements.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	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 On January 5, 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall Recognition and Measurement of Financial Assets and Financial Liabilities • Equity investments with readily determinable fair values must be measured at fair value with changes in fair value recognized in net income. • Equity investments without readily determinable fair values must be measured at either fair value or at cost adjusted for changes in observable prices minus impairment. Changes in value under either of these methods would be recognized in net income. • Entities that record financial liabilities at fair value due to a fair value option election must recognize changes in fair value in other comprehensive income if it is related to instrument-specific credit risk. • Entities must assess whether a valuation allowance is required for deferred tax assets related to available-for-sale debt securities. This ASU is effective for public companies for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. If QNB had adopted this guidance on March 31, 2017 it would have resulted in a decrease in net income of approximately $6,000. There would have been no impact on shareholder’s equity as the equity securities held by QNB are currently recorded at fair value through accumulated other comprehensive income (loss). On February 25, 2016, the FASB issued ASU 2016-02, Leases (Topic 842) 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) On March 30, 2016, the FASB issued ASU 2016-09, Stock Compensation (Topic 718), Improvements to Employee Share-Based Payment Accounting On June 16, 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326) To that end, the new guidance: • Eliminates the probable initial recognition threshold in current U.S. GAAP and, instead, reflects an organization’s current estimate of all expected credit losses over the contractual term of its financial assets • Broadens the information an entity can consider when measuring credit losses to include forward-looking information • Increases usefulness of the financial statements by requiring timely inclusion of forecasted information in forming expectations of credit losses • Increases comparability of purchased financial assets with credit deterioration (PCD assets) with other purchased assets that do not have credit deterioration as well as originated assets because credit losses that are expected will be recorded through an allowance for credit losses for all assets • Increases users’ understanding of underwriting standards and credit quality trends by requiring additional information about credit quality indicators by year of origination (vintage) • For available-for-sale debt securities, aligns the income statement recognition of credit losses with the reporting period in which changes occur by recording credit losses (and subsequent changes in credit losses) through an allowance rather than a write down The new guidance affects organizations that hold financial assets and net investments in leases that are not accounted for at fair value with changes in fair value reported in net income. The new guidance affects loans, debt securities, trade receivables, net investments in leases, off-balance-sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. QNB is evaluating the impact of this new standard on its consolidated financial statements. On March 30, 2017, the FASB issued ASU 2017-08, Premium Amortization on Purchased Callable Debt Securities

Note 3 - Stock-based Compensati

Note 3 - Stock-based Compensation and Shareholders' Equity	3 Months Ended
	Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation and Shareholders Equity	3. STOCK-BASED COMPENSATION AND SHAREHOLDERS’ EQUITY QNB sponsors stock-based compensation plans, administered by a Board Committee, under which both qualified and non-qualified stock options may be granted periodically to certain employees. Compensation cost has been measured using the fair value of an award on the grant date and is recognized over the service period, which is usually the vesting period. Stock-based compensation expense was $18,000 and $16,000 for the three months ended March 31, 2017 and 2016, respectively. As of March 31, 2017, there was approximately $150,000 of unrecognized compensation cost related to unvested share-based compensation award grants that is expected to be recognized over the next 35 months. Options are granted to certain employees at prices equal to the market value of the stock on the date the options are granted. The 2005 Plan authorized the issuance of 200,000 shares. The time period during which any option is exercisable under the Plan is determined by the Committee but shall not commence before the expiration of six months after the date of grant or continue beyond the expiration of five years after the date the option is awarded. The granted options vest after a three-year period. As of March 31, 2017, there were 184,200 options granted, 65,150 options forfeited, 79,075 options exercised, and 39,975 options outstanding under this Plan. The 2005 Plan expired on March 15, 2015. The 2015 Plan authorizes the issuance of 300,000 shares. The terms of the 2015 Plan are identical to the 2005 Plan. There were 48,500 options granted and outstanding under this Plan as of March 31, 2017. There were no options forfeited or exercised as of March 31, 2017. The 2015 Plan expires on February 24, 2025. The fair value of each option is amortized into compensation expense on a straight-line basis between the grant date for the option and each vesting date. QNB estimated the fair value of stock options on the date of the grant using the Black-Scholes option pricing model. The model requires the use of numerous assumptions, many of which are highly subjective in nature. 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, 2017 2016 Risk free interest rate 1.48 % 1.14 % Dividend yield 3.19 % 3.78 % Volatility 17.89 % 22.62 % Expected life (years) 4.20 4.20 The risk-free interest rate was selected based upon yields of U.S. Treasury issues with a term approximating the expected life of the option being valued. Historical information was the primary basis for the selection of the expected dividend yield, expected volatility and expected lives of the options. The fair market value of options granted in the first three months of 2017 and 2016 was $3.88 and $3.79, respectively. Stock option activity during the three months ended March 31, 2017 and 2016 is as follows: Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at December 31, 2016 73,950 $ 27.14 Granted 25,000 37.60 Exercised (10,375 ) 22.21 Forfeited (100 ) 21.35 Outstanding at March 31, 2017 88,475 $ 30.68 3.33 $ 661 Exercisable at March 31, 2017 22,125 $ 24.31 1.39 $ 306 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

Note 4 - Earnings Per Share & S

Note 4 - Earnings Per Share & Share Repurchase Plan	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share & Share Repurchase Plan	4. EARNINGS PER SHARE & SHARE REPURCHASE PLAN The following sets forth the computation of basic and diluted earnings per share: Three months ended March 31, 2017 2016 Numerator for basic and diluted earnings per share - net income $ 2,860 $ 2,265 Denominator for basic earnings per share - weighted average shares outstanding 3,415,065 3,369,782 Effect of dilutive securities - employee stock options 14,165 8,154 Denominator for diluted earnings per share - adjusted weighted average shares outstanding 3,429,230 3,377,936 Earnings per share - basic $ 0.84 $ 0.67 Earnings per share - diluted 0.83 0.67 There were 25,000 and 41,350 stock options that were anti-dilutive for the three-month periods ended March 31, 2017 and 2016, respectively. These stock options were not included in the above calculation. 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, 2017 and 2016. As of March 31, 2017, 57,883 shares were repurchased under this authorization at an average price of $16.97 and a total cost of $982,000.

Note 5 - Comprehensive Income (

Note 5 - Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2017
Other Comprehensive Income Loss Tax [Abstract]
Comprehensive Income (Loss)	5. COMPREHENSIVE INCOME (LOSS) The following shows the components of accumulated other comprehensive income (loss) at March 31, 2017 and December 31, 2016: March 31, December 31, 2017 2016 Unrealized net holding losses on available-for-sale securities $ (5,079 ) $ (5,446 ) Unrealized losses on available-for-sale securities for which a portion of an other-than-temporary impairment loss has been recognized in earnings (114 ) (247 ) Accumulated other comprehensive loss (5,193 ) (5,693 ) Tax effect 1,765 1,936 Accumulated other comprehensive loss, net of tax $ (3,428 ) $ (3,757 ) The following tables present amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2017 and 2016: Three months ended March 31, Amount reclassified from accumulated other comprehensive income Details about accumulated other comprehensive income 2017 2016 Affected line item in statement of income Unrealized net holding gains on available-for-sale securities $ 749 $ 389 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 749 319 Tax effect (254 ) (108 ) Provision for income taxes Total reclass out of accumulated other comprehensive income, net of tax $ 495 $ 211 Net of tax

Note 6 - Investment Securities

Note 6 - Investment Securities	3 Months Ended
	Mar. 31, 2017
Investments Debt And Equity Securities [Abstract]
Investment Securities	6. INVESTMENT SECURITIES QNB engages in trading activities for its own account. Municipal securities that are held principally for resale in the near term are recorded in the trading account at fair value with changes in fair value recorded in non-interest income. There were net realized and unrealized gains of $17,000 at March 31, 2017 and net realized and unrealized losses of $40,000 recorded at December 31, 2016. Unrealized gains on trading activity related to trading securities still held at March 31, 2017 and December 31, 2016 totaled $20,000 and $69,000, respectively. Interest and dividends are included in interest income. Trading securities, at fair value, at March 31, 2017 and December 31, 2016 were as follows: March 31, December 31, 2017 2016 State and municipal securities $ 2,358 $ 3,596 The amortized cost and estimated fair values of investment securities available-for-sale at March 31, 2017 and December 31, 2016 were as follows: Gross Gross unrealized unrealized Fair holding holding Amortized March 31, 2017 value gains losses cost U.S. Government agency $ 70,646 $ 25 $ (1,847 ) $ 72,468 State and municipal 75,728 714 (272 ) 75,286 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 142,230 448 (2,080 ) 143,862 Collateralized mortgage obligations (CMOs) 77,106 67 (1,775 ) 78,814 Pooled trust preferred 2,423 295 (748 ) 2,876 Corporate debt 8,056 29 (40 ) 8,067 Equity 6,107 181 (190 ) 6,116 Total investment securities available-for-sale $ 382,296 $ 1,759 $ (6,952 ) $ 387,489 Gross Gross unrealized unrealized Fair holding holding Amortized December 31, 2016 value gains losses cost U.S. Government agency $ 76,650 $ 36 $ (2,118 ) $ 78,732 State and municipal 72,295 614 (398 ) 72,079 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 145,301 561 (2,241 ) 146,981 Collateralized mortgage obligations (CMOs) 77,415 109 (1,846 ) 79,152 Pooled trust preferred 2,281 263 (891 ) 2,909 Corporate debt 8,030 16 (57 ) 8,071 Equity 8,503 587 (328 ) 8,244 Total investment securities available-for-sale $ 390,475 $ 2,186 $ (7,879 ) $ 396,168 The amortized cost and estimated fair value of securities available-for-sale by contractual maturity at March 31, 2017 are shown in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities are assigned to categories based on contractual maturity except for mortgage-backed securities and CMOs which are based on the estimated average life of these securities and municipal securities that have been pre-refunded. Amortized March 31, 2017 Fair value cost Due in one year or less $ 8,664 $ 8,589 Due after one year through five years 171,182 172,475 Due after five years through ten years 176,653 180,017 Due after ten years 19,690 20,292 Equity securities 6,107 6,116 Total investment securities available-for-sale $ 382,296 $ 387,489 Proceeds from sales of investment securities available-for-sale were approximately $13,996,000 and $24,616,000 for the three months ended March 31, 2017 and 2016, respectively. At March 31, 2017 and December 31, 2016, investment securities available-for-sale totaling approximately $167,022,000 and $166,628,000, respectively, were pledged as collateral for repurchase agreements and deposits of public funds. The following table presents information related to the Company’s gains and losses on the sales of equity and debt securities, and losses recognized for the other-than-temporary impairment (“OTTI”) of these investments. Gains and losses on available-for-sale securities are computed on the specific identification method and included in non-interest income. Gross realized losses on equity and debt securities are net of other-than-temporary impairment charges: Three months ended March 31, 2017 Three months ended March 31, 2016 Other-than- Other-than- Gross Gross temporary Gross Gross temporary realized realized impairment realized realized impairment gains losses losses Net gains gains losses losses Net gains Equity securities $ 725 $ — $ — $ 725 $ 382 $ — $ (70 ) $ 312 Debt securities 78 (54 ) — 24 80 (73 ) — 7 Total $ 803 $ (54 ) $ — $ 749 $ 462 $ (73 ) $ (70 ) $ 319 The tax expense applicable to the net realized gains for the quarters and three-month periods ended March 31, 2017 and 2016 were $254,000 and $108,000, respectively. QNB recognizes OTTI for debt securities classified as available-for-sale in accordance with FASB ASC 320, Investments – Debt and Equity Securities The following table presents a roll forward of the credit loss component recognized in earnings. The credit loss component of the amortized cost represents the difference between the present value of expected future cash flows and the amortized cost basis of the security prior to considering credit losses. The beginning balance represents the credit loss component for debt securities for which OTTI occurred prior to the beginning of the year. Credit-impaired debt securities must be presented in two components based upon whether the current period is the first time the debt security was credit-impaired (initial credit impairment) or is not the first time the debt security was credit-impaired (subsequent credit impairments). No credit impairments were recognized on debt securities during first quarter of 2017 or 2016. The 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, 2017 2016 Balance, beginning of period $ 1,153 $ 1,153 Additions: Initial credit impairments — — Subsequent credit impairments — — Balance, end of period $ 1,153 $ 1,153 The following table indicates the length of time individual securities have been in a continuous unrealized loss position at March 31, 2017 and December 31, 2016: Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 securities value losses value losses value losses U.S. Government agency 50 $ 66,631 $ (1,847 ) $ — $ — $ 66,631 $ (1,847 ) State and municipal 66 26,959 (272 ) — — 26,959 (272 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 87 120,209 (2,080 ) — — 120,209 (2,080 ) Collateralized mortgage obligations (CMOs) 70 59,295 (1,236 ) 14,644 (539 ) 73,939 (1,775 ) Pooled trust preferred 5 — — 2,068 (748 ) 2,068 (748 ) Corporate debt 4 4,015 (40 ) — — 4,015 (40 ) Equity 8 2,004 (170 ) 183 (20 ) 2,187 (190 ) Total 290 $ 279,113 $ (5,645 ) $ 16,895 $ (1,307 ) $ 296,008 $ (6,952 ) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 securities value losses value losses value losses U.S. Government agency 55 $ 72,626 $ (2,118 ) $ — $ — $ 72,626 $ (2,118 ) State and municipal 70 29,280 (398 ) — — 29,280 (398 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 88 123,087 (2,241 ) — — 123,087 (2,241 ) Collateralized mortgage obligations (CMOs) 68 56,853 (1,269 ) 15,426 (577 ) 72,279 (1,846 ) Pooled trust preferred 5 — — 1,952 (891 ) 1,952 (891 ) Corporate debt 4 4,002 (57 ) — — 4,002 (57 ) Equity 16 2,985 (268 ) 888 (60 ) 3,873 (328 ) Total 306 $ 288,833 $ (6,351 ) $ 18,266 $ (1,528 ) $ 307,099 $ (7,879 ) Management evaluates debt securities, which are comprised of U.S. Government agencies, state and municipalities, mortgage-backed securities, CMOs and corporate debt securities, for other-than-temporary impairment and considers the current economic conditions, the length of time and the extent to which the fair value has been less than cost, interest rates and the bond rating of each security. The unrealized losses at March 31, 2017 in U.S. Government agency securities, state and municipal securities, mortgage-backed securities, CMOs and corporate debt securities are primarily the result of interest rate fluctuations. If held to maturity, these bonds will mature at par, and QNB will not realize a loss. The Company has the intent to hold the securities and does not believe it will be required to sell the securities before recovery occurs. The Company’s investment in marketable equity securities primarily consists of investments in large cap stock companies. These equity securities are analyzed for impairment on an ongoing basis. Management believes these equity securities will recover in the foreseeable future. QNB evaluated the near-term prospects of the issuers in relation to the severity and duration of the impairment. Based on that evaluation and the Company’s ability and intent to hold those securities for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company does not consider these equity securities to be other-than-temporarily impaired. QNB holds six pooled trust preferred securities as of March 31, 2017. These securities have a total amortized cost of approximately $2,876,000 and a fair value of $2,423,000. Five of the six securities have been in an unrealized loss position for more than twelve months. All of the pooled trust preferred securities are available-for-sale securities and are carried at fair value. The following table provides additional information related to pooled trust preferred securities (PreTSLs) as of March 31, 2017: Deal Class Book value Fair value Unrealized gains (losses) Realized OTTI credit loss (YTD 2017) 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 * $ 242 $ 188 $ (54 ) $ — $ (1 ) B1/BB 5 — 18.0 % 141.6 % PreTSL XVII Mezzanine 588 486 (102 ) — (222 ) C/CC 34 5 21.7 100.3 PreTSL XIX Mezzanine 837 498 (339 ) — — Caa1/CC 41 12 6.9 103.1 PreTSL XXV Mezzanine 766 541 (225 ) — (222 ) Ca/C 44 5 24.2 89.9 PreTSL XXVI Mezzanine 383 355 (28 ) — (270 ) Caa3/C 44 7 18.2 98.1 PreTSL XXVI Mezzanine 60 355 295 — (438 ) Caa3/C 44 7 18.2 98.1 $ 2,876 $ 2,423 $ (453 ) $ — $ (1,153 ) Mezzanine* - only class of bonds still outstanding (represents the senior-most obligation of the trust) On January 14, 2014, Regulators released a final rule authorizing retention of pooled trust preferred securities backed primarily by bank-issued trust preferred securities which included the PreTSLs held by QNB. Due to the uncertainty invoked between the original release of the Volcker Rule and the final rule, there was a noticeable increase in trading activity. However, we believe most of these trades occurred under distress and do not represent trades made in an orderly market. Despite the trades that took place as discussed previously, the market for these securities at March 31, 2017 was not active and markets for similar securities also are not active. The new issue market is also inactive and the market values for these securities are depressed relative to historical levels. Lack of liquidity in the market for trust preferred collateralized debt obligations, credit rating downgrades and market uncertainties related to the financial industry are all factors contributing to the temporary impairment of these securities. Although these securities are classified as available-for-sale, the Company has the intent to hold the securities and does not believe it will be required to sell the securities before recovery occurs. As illustrated in the previous table, these securities are comprised mainly of securities issued by banks, and to a lesser degree, insurance companies. QNB owns the mezzanine tranches of these securities, except for PreTSL IV which represents the senior-most obligation of the trust. On a quarterly basis we evaluate our debt securities for other-than-temporary impairment (OTTI), which involves the use of a third-party valuation firm to assist management with the valuation. When evaluating these investments a credit-related portion and a non-credit related portion of impairment are determined. The credit related portion is recognized in earnings and represents the expected shortfall in future cash flows. The non-credit related portion is recognized in other comprehensive income and represents the difference between the book value and the fair value of the security less any current quarter credit related impairment. For the first quarter of March 31, 2017 and 2016, no other-than-temporary impairment charges representing credit impairment were recognized on our pooled trust preferred collateralized debt obligations. A discounted cash flow analysis provides the best estimate of credit related OTTI for these securities. Additional information related to this analysis follows. 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 Results of a discounted cash flow test are significantly affected by other variables such as the estimate of future cash flows (including prepayments), credit worthiness of the underlying banks and insurance companies and determination of probability and severity of default of the underlying collateral. The following provides additional information for each of these variables: • Estimate of Future Cash Flows – Cash flows are constructed in an INTEXcalc valuation model. INTEX is a proprietary cash flow model recognized as the industry standard for analyzing all types of structured debt products. It includes each deal’s structural features updated with trustee information, including asset-by-asset detail, as it becomes available. The modeled cash flows are then used to determine if all the scheduled principal and interest payments of the investments will be returned. For purposes of the cash flow analysis, relatively modest rates of prepayment of 1% were forecasted. In addition to the base prepayment assumption, due to the enactment of the Dodd-Frank Act’s revised Tier 1 capital treatment, additional prepayment analysis was performed. Trust preferred securities issued by banks with more than $15 billion in total assets at December 31, 2009 were identified. The current credit rating of these institutions was reviewed and it was assumed that any U.S. bank holding company with an investment grade credit rating and any foreign banking organization would prepay their issuance as soon as possible. For those institutions rated below investment grade we assumed that any holding company that could refinance for a cost savings of more than 2% when compared to the approximate cost of long-term funding given their rating and marketplace interest rates, will refinance as soon as possible. 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. • Credit Analysis – A quarterly credit evaluation is performed for the companies comprising the collateral across the various pooled trust preferred securities. This credit evaluation considers any available evidence and focuses on capitalization, asset quality, profitability, liquidity, stock price performance, whether the institution has received TARP funding, whether the TARP funding was redeemed or resold through a Treasury Department auction at a premium or discount, and whether the institution has shown the ability to generate additional capital either internally or externally. • Probability of Default – A near-term probability of default is determined for each issuer based on its financial condition and is used to calculate the expected impact of future deferrals and defaults on the expected cash flows. Each issuer in the collateral pool is assigned a near-term probability of default based on individual performance and financial characteristics. Various studies suggest that the rate of bank failures between 1934 and 2015 were approximately 0.37%. Thus, in addition to the specific bank default assumptions used for the near term, for future defaults on the individual banks in the analysis for 2018 and beyond the rate used is calculated based on historic default averages and factoring that number based on a comparison of key financial ratios of active individual issuers without a short-term probability of default compared to all FDIC insured banks. Default factors used in the cash flow analysis range from 0.23% to 0.47%. • Severity of Loss – In addition to the probability of default discussed above, a severity of loss (projected recovery) is determined in all cases. In the current analysis, the severity of loss ranges from 0% to 100% depending on the estimated credit worthiness of the individual issuer. Based on information from various published studies, a 95% severity of loss was utilized for defaults projected in 2018 and thereafter. Based upon the analysis performed by management as of March 31, 2017, it is probable that we will collect all contractual principal and interest payments on one of our six pooled trust preferred securities, PreTSL XIX. The expected principal shortfall on the remaining pooled trust preferred securities has resulted in credit related other-than-temporary impairment charges in previous years. All of these pooled trust preferred securities held by QNB could be subject to additional write-downs in the future if additional deferrals and defaults occur.

Note 7 - Loans & Allowance for

Note 7 - Loans & Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Loans & Allowance for Loan Losses	7. LOANS & ALLOWANCE FOR LOAN LOSSES Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at the principal amount outstanding, net of deferred loan fees and costs. Interest income is accrued on the principal amount outstanding. Loan origination and commitment fees and related direct costs are deferred and amortized to income over the term of the respective loan and loan commitment period as a yield adjustment. Loans held-for-sale consists of residential mortgage loans that are carried at the lower of aggregate cost or fair value. Net unrealized losses, if any, are recognized through a valuation allowance charged to income. Gains and losses on residential mortgages held-for-sale are included in non-interest income. QNB maintains an allowance for loan losses, which is intended to absorb probable known and inherent losses in the outstanding loan portfolio. The allowance is reduced by actual credit losses and is increased by the provision for loan losses and recoveries of previous losses. The provisions for loan losses are charged to earnings to bring the total allowance for loan losses to a level considered necessary by management. The allowance for loan losses is based on management’s continuing review and evaluation of the loan portfolio. The level of the allowance is determined by assigning specific reserves to individually identified problem credits and general reserves to all other loans. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. The portion of the allowance that is allocated to internally criticized and non-accrual loans is determined by estimating the inherent loss on each credit after giving consideration to the value of underlying collateral. The general component covers pools of loans by loan class including commercial loans not considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity and other consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates. These loss rates are based on a three year history of charge-offs and are more heavily weighted for recent experience for each of these categories of loans, adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off and recovery practices. 2. Effect of external factors, such as legal and regulatory requirements. 3. 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. 4. Nature and volume of the portfolio including growth. 5. Experience, ability, and depth of lending management and staff. 6. Volume and severity of past due, classified and nonaccrual loans. 7. Quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 8. 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. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. Management emphasizes loan quality and close monitoring of potential problem credits. Credit risk identification and review processes are utilized in order to assess and monitor the degree of risk in the loan portfolio. QNB’s lending and credit administration staff are charged with reviewing the loan portfolio and identifying changes in the economy or in a borrower’s circumstances which may affect the ability to repay debt or the value of pledged collateral. A loan classification and review system exists that identifies those loans with a higher than normal risk of uncollectibility. Each commercial loan is assigned a grade based upon an assessment of the borrower’s financial capacity to service the debt and the presence and value of collateral for the loan. An independent loan review group tests risk assessments and evaluates the adequacy of the allowance for loan losses. Management meets monthly to review the credit quality of the loan portfolio and quarterly to review the allowance for loan losses. In addition, various regulatory agencies, as an integral part of their examination process, periodically review QNB’s allowance for loan losses. Such agencies may require QNB to recognize additions to the allowance based on their judgments using information available to them at the time of their examination. Management believes that it uses the best information available to make determinations about the adequacy of the allowance and that it has established its existing allowance for loan losses in accordance with GAAP. If circumstances differ substantially from the assumptions used in making determinations, future adjustments to the allowance for loan losses may be necessary and results of operations could be affected. Because future events affecting borrowers and collateral cannot be predicted with certainty, there can be no assurance that increases to the allowance will not be necessary should the quality of any loans deteriorate as a result of the factors discussed above. Major classes of loans are as follows: March 31 December 31, 2017 2016 Commercial: Commercial and industrial $ 120,344 $ 110,233 Construction 40,244 39,268 Secured by commercial real estate 268,051 255,188 Secured by residential real estate 68,681 68,731 State and political subdivisions 35,523 35,260 Retail: 1-4 family residential mortgages 48,158 47,124 Home equity loans and lines 71,587 71,525 Consumer 6,317 5,670 Total loans 658,905 632,999 Net unearned costs 134 80 Loans receivable $ 659,039 $ 633,079 Loans secured by commercial real estate include all loans collateralized at least in part by commercial real estate. These loans may not be for the expressed purpose of conducting commercial real estate transactions. Overdrafts are reclassified as loans and are included in consumer loans above and total loans on the balance sheet. At March 31, 2017 and December 31, 2016, overdrafts were approximately $118,000 and $171,000, respectively. QNB generally lends in its trade area which is comprised of Quakertown and the surrounding communities. To a large extent, QNB makes loans collateralized at least in part by real estate. Its lending activities could be affected by changes in the general economy, the regional economy, or real estate values. Other than disclosed in the table above, at March 31, 2017, there were no concentrations of loans exceeding 10% of total loans. The Company engages in a variety of lending activities, including commercial, residential real estate and consumer transactions. The Company focuses its lending activities on individuals, professionals and small to medium sized businesses. Risks associated with lending activities include economic conditions and changes in interest rates, which can adversely impact both the ability of borrowers to repay their loans and the value of the associated collateral. Commercial and industrial loans, commercial real estate loans, construction loans and residential real estate loans with a business purpose are generally perceived as having more risk of default than residential real estate loans with a personal purpose and consumer loans. These types of loans involve larger loan balances to a single borrower or groups of related borrowers and are more susceptible to a risk of loss during a downturn in the business cycle. These loans may involve greater risk because the availability of funds to repay these loans depends on the successful operation of the borrower’s business. The assets financed are used within the business for its ongoing operation. Repayment of these kinds of loans generally comes from the cash flow of the business or the ongoing conversions of assets, such as accounts receivable and inventory, to cash. Typical collateral for commercial and industrial loans includes the borrower’s accounts receivable, inventory and machinery and equipment. Commercial real estate and residential real estate loans secured for a business purpose are originated primarily within the eastern Pennsylvania market area at conservative loan-to-value ratios and often backed by the individual guarantees of the borrowers or owners. Repayment of this kind of loan is dependent upon either the ongoing cash flow of the borrowing entity or the resale of or lease of the subject property. Commercial real estate loans may be affected to a greater extent than residential loans by adverse conditions in real estate markets or the economy because commercial real estate borrowers’ ability to repay their loans depends on successful development of their properties, as well as the factors affecting residential real estate borrowers. Loans to state and political subdivisions are tax-exempt or taxable loans to municipalities, school districts and housing and industrial development authorities. These loans can be general obligations of the municipality or school district repaid through their taxing authority, revenue obligations repaid through the income generated by the operations of the authority, such as a water or sewer authority, or loans issued to a housing and industrial development agency, for which a private corporation is responsible for payments on the loans. Indirect lease financing receivables represent loans to small businesses that are collateralized by equipment. These loans tend to have higher risk characteristics but generally provide higher rates of return. These loans are originated by a third party and purchased by QNB based on criteria specified by QNB. In October 2016, the Company sold its interest in these third-party originated lease financing receivables. The Company originates fixed-rate and adjustable-rate real estate-residential mortgage loans for personal purposes that are secured by first liens on the underlying 1-4 family residential properties. Credit risk exposure in this area of lending is minimized by the evaluation of the credit worthiness of the borrower, including debt-to-income ratios, credit scores and adherence to underwriting policies that emphasize conservative loan-to-value ratios of generally no more than 80%. Residential mortgage loans granted in excess of the 80% loan-to-value ratio criterion are generally insured by private mortgage insurance. The real estate-home equity portfolio consists of fixed-rate home equity loans and variable-rate home equity lines of credit. Risks associated with loans secured by residential properties are generally lower than commercial loans and include general economic risks, such as the strength of the job market, employment stability and the strength of the housing market. Since most loans are secured by a primary or secondary residence, the borrower’s continued employment is the greatest risk to repayment. The Company offers a variety of loans to individuals for personal and household purposes. Consumer loans are generally considered to have greater risk than first or second mortgages on real estate because they may be unsecured, or, if they are secured, the value of the collateral may be difficult to assess and is more likely to decrease in value than real estate. Credit risk in this portfolio is controlled by conservative underwriting standards that consider debt-to-income levels and the creditworthiness of the borrower and, if secured, collateral values. The Company employs an eight (8) grade risk rating system related to the credit quality of commercial loans, loans to state and political subdivisions and indirect lease financing of which the first four categories are pass categories (credits not adversely rated). The following is a description of the internal risk ratings and the likelihood of loss related to each risk rating. 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 The Company maintains a loan review system, which allows for a periodic review of our loan portfolio and the early identification of potential problem loans. Each loan officer assigns a rating to all loans in the portfolio at the time the loan is originated. Loans with risk ratings of one through three are reviewed annually based on the borrower’s fiscal year. Loans with risk ratings of four are reviewed every six to twelve months based on the dollar amount of the relationship with the borrower. Loans with risk ratings of five through eight are reviewed at least quarterly, and as often as monthly, at management’s discretion. The Company also utilizes an outside loan review firm to review the portfolio on a semi-annual basis to provide the Board of Directors and senior management an independent review of the Bank’s loan portfolio on an ongoing basis. These reviews are designed to recognize deteriorating credits in their earliest stages in an effort to reduce and control risk in the lending function as well as identifying potential shifts in the quality of the loan portfolio. The examinations by the outside loan review firm include the review of lending activities with respect to underwriting and processing new loans, monitoring the risk of existing loans and to provide timely follow-up and corrective action for loans showing signs of deterioration in quality. In addition, the outside firm reviews the methodology for the allowance for loan losses to determine compliance to policy and regulatory guidance. The following tables present the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of March 31, 2017 and December 31, 2016: March 31, 2017 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 110,818 $ 4,598 $ 4,928 $ — $ 120,344 Construction 40,237 — 7 — 40,244 Secured by commercial real estate 252,137 5,131 10,783 — 268,051 Secured by residential real estate 65,903 229 2,549 — 68,681 State and political subdivisions 35,523 — — — 35,523 Total $ 504,618 $ 9,958 $ 18,267 $ — $ 532,843 December 31, 2016 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 102,396 $ 686 $ 7,151 $ — $ 110,233 Construction 39,259 — 9 — 39,268 Secured by commercial real estate 238,290 5,185 11,713 — 255,188 Secured by residential real estate 65,169 231 3,331 — 68,731 State and political subdivisions 35,260 — — — 35,260 Total $ 480,374 $ 6,102 $ 22,204 $ — $ 508,680 For retail loans, the Company evaluates credit quality based on the performance of the individual credits. The following tables present the recorded investment in the retail classes of the loan portfolio based on payment activity as of March 31, 2017 and December 31, 2016: March 31, 2017 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 47,418 $ 740 $ 48,158 Home equity loans and lines 71,517 70 71,587 Consumer 6,226 91 6,317 Total $ 125,161 $ 901 $ 126,062 December 31, 2016 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 46,858 $ 266 $ 47,124 Home equity loans and lines 71,436 89 71,525 Consumer 5,577 93 5,670 Total $ 123,871 $ 448 $ 124,319 The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the past due status as of March 31, 2017 and December 31, 2016: March 31, 2017 30-59 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 $ 5,758 — — $ 5,758 $ 114,586 $ 120,344 Construction — — — — 40,244 40,244 Secured by commercial real estate 705 — $ 93 798 267,253 268,051 Secured by residential real estate 179 — 158 337 68,344 68,681 State and political subdivisions 76 — — 76 35,447 35,523 Retail: 1-4 family residential mortgages 875 — 481 1,356 46,802 48,158 Home equity loans and lines 168 $ 50 35 253 71,334 71,587 Consumer 29 11 — 40 6,277 6,317 Total $ 7,790 $ 61 $ 767 $ 8,618 $ 650,287 $ 658,905 December 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 $ 463 — — $ 463 $ 109,770 $ 110,233 Construction 214 — — 214 39,054 39,268 Secured by commercial real estate 64 $ 395 $ 1,596 2,055 253,133 255,188 Secured by residential real estate — — 285 285 68,446 68,731 State and political subdivisions — — — — 35,260 35,260 Retail: 1-4 family residential mortgages 1,459 323 — 1,782 45,342 47,124 Home equity loans and lines 107 15 — 122 71,403 71,525 Consumer 14 2 — 16 5,654 5,670 Total $ 2,321 $ 735 $ 1,881 $ 4,937 $ 628,062 $ 632,999 The following tables disclose the recorded investment in loans receivable that are either on non-accrual status or past due 90 days or more and still accruing interest as of March 31, 2017 and December 31, 2016: March 31, 2017 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 4,670 Construction — — Secured by commercial real estate — 2,215 Secured by residential real estate — 1,812 State and political subdivisions — — Retail: 1-4 family residential mortgages — 740 Home equity loans and lines — 70 Consumer — 91 Total $ — $ 9,598 December 31, 2016 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 4,798 Construction — — Secured by commercial real estate — 3,007 Secured by residential real estate — 1,866 State and political subdivisions — — Retail: 1-4 family residential mortgages — 266 Home equity loans and lines — 89 Consumer — 93 Total $ — $ 10,119 Activity in the allowance for loan losses for the three months ended March 31, 2017 and 2016 are as follows: Three months ended March 31, 2017 Balance, beginning of period Provision for (credit to) loan losses Charge-offs Recoveries Balance, end of period Commercial: Commercial and industrial $ 1,459 $ 507 — $ 12 $ 1,978 Construction 449 14 — — 463 Secured by commercial real estate 2,646 (71 ) — 2 2,577 Secured by residential real estate 1,760 (436 ) $ (3 ) 23 1,344 State and political subdivisions 123 1 — — 124 Retail: - 1-4 family residential mortgages 366 49 — — 415 Home equity loans and lines 353 (14 ) — 3 342 Consumer 76 13 (21 ) 9 77 Unallocated 162 237 N/A N/A 399 Total $ 7,394 $ 300 $ (24 ) $ 49 $ 7,719 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 Total $ 7,554 $ 125 $ (166 ) $ 43 $ 7,556 As previously discussed, the Company maintains a loan review system, which includes a continuous review of the loan portfolio by internal and external parties to aid in the early identification of potential impaired loans. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial loans, loans to state and political subdivisions and indirect lease financing loans by using either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential mortgage loans for impairment disclosures, unless such loans are part of a larger relationship that is impaired, or are classified as a troubled debt restructuring. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of the majority of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated certified appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable agings or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. From time to time, QNB may extend, restructure, or otherwise modify the terms of existing loans, on a case-by-case basis, to remain competitive and retain certain customers, as well as assist other customers that may be experiencing financial difficulties. A loan is considered to be a troubled debt restructuring (“TDR”) loan when the Company grants a concession to the borrower because of the borrower’s financial condition that it would not otherwise consider. Such concessions include the reduction of interest rates, forgiveness of principal or interest, or other modifications of interest rates to less than the current market rate for new obligations with similar risk. Loans classified as TDRs are considered non-performing and are also designated as impaired. The concessions made for TDRs involve lowering the monthly payments on loans through periods of interest only payments, a reduction in interest rate below a market rate or an extension of the term of the loan without a corresponding adjustment to the risk premium reflected in the interest rate, or a combination of these three methods. The restructurings rarely result in the forgiveness of principal or accrued interest. If the borrower has demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. TDR loans that are in compliance with their modified terms and that yield a market rate may be removed from the TDR status after a period of performance. Performing TDRs (not reported as non-accrual or past due 90 days or more and still accruing) totaled $1,425,000 and $1,819,000 as of March 31, 2017 and December 31, 2016, respectively. Non-performing TDRs totaled $3,531,000 and $3,555,000 as of March 31, 2017 and December 31, 2016, respectively. All TDRs are included in impaired loans. The following table illustrates the specific reserve for loan losses allocated to loans modified as TDRs. These specific reserves are included in the allowance for loan losses for loans individually evaluated for impairment. March 31, 2017 December 31, 2016 Unpaid principal balance Related allowance Unpaid principal balance Related allowance TDRs with no specific allowance recorded $ 3,653 — $ 3,992 — TDRs with an allowance recorded 1,303 $ 395 1,382 $ 761 Total $ 4,956 $ 395 $ 5,374 $ 761 There were no newly identified TDRs during the three months ended March 31, 2017. As of March 31, 2017 and December 31, 2016, QNB had commitments of $925,000 and $30,000, respectively, to lend additional funds to customers with loans whose terms have been modified in troubled debt restructurings. There were net charge-offs of $3,000 and $0 during the three months ended March 31, 2017 and 2016, respectively, resulting from loans previously modified as TDRs. The following tables present loans, by loan class, modified as TDRs during the three months ended March 31, 2017 and 2016. The pre-modification and post-modification outstanding recorded investments disclosed in the tables below, represent carrying amounts immediately prior to the modification and as of the period end indicated. Three months ended March 31, 2017 2016 Number 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 Total — $ — $ — 9 $ 1,557 $ 1,529 There were no loans modified as TDRs within 12 months prior to March 31, 2017 and 2016 for which there was a payment default (60 days or more past due) during the three months ended March 31, 2017 and 2016. The Company has three consumer mortgage loans secured by residential real estate for which foreclosure proceedings are in process at March 31, 2017. The recorded investment is $516,000. The following tables present the balance in the allowance for loan losses at March 31, 2017 and December 31, 2016 disaggregated on the basis of the Company’s impairment method by class of loans receivable along with the balance of loans receivable by class, excluding unearned fees and costs, disaggregated on the basis of the Company’s impairment methodology: Allowance for Loan Losses Loans Receivable March 31, 2017 Balance Balance 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 $ 1,978 $ 841 $ 1,137 $ 120,344 $ 4,877 $ 115,467 Construction 463 — 463 40,244 7 40,237 Secured by commercial real estate 2,577 52 2,525 268,051 5,532 262,519 Secured by residential real estate 1,344 176 1,168 68,681 2,249 66,432 State and political subdivisions 124 — 124 35,523 — 35,523 Retail: 1-4 family residential mortgages 415 4 411 48,158 1,081 47,077 Home equity loans and lines 342 — 342 71,587 92 71,495 Consumer 77 — 77 6,317 91 6,226 Unallocated 399 N/A N/A N/A N/A N/A Total $ 7,719 $ 1,073 $ 6,247 $ 658,905 $ 13,929 $ 644,976 Allowance for Loan Losses Loans Receivable December 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 $ 1,459 $ 696 $ 763 $ 110,233 $ 5,134 $ 105,099 Construction 449 — 449 39,268 224 39,044 Secured by commercial real estate 2,646 — 2,646 255,188 6,383 248,805 Secured by residential real estate 1,760 494 1,266 68,731 2,313 66,418 State and political subdivisions 123 — 123 35,260 — 35,260 Retail: 1-4 family residential mortgages 366 8 358 47,124 748 46,376 Home equity loans and lines 353 — 353 71,525 111 71,414 Consumer 76 — 76 5,670 93 5,577 Unallocated 162 N/A N/A N/A N/A N/A Total $ 7,394 $ 1,198 $ 6,034 $ 632,999 $ 15,006 $ 617,993 The following tables summarize additional information in regards to impaired loans by loan portfolio class as of March 31, 2017 and December 31, 2016: March 31, 2017 December 31, 2016 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 $ 2,313 $ 2,659 $ — $ 2,482 $ 2,862 $ — Construction 7 7 — 224 234 — Secured by commercial real estate 5,422 5,929 — 6,383 6,367 — Secured by residential real estate 1,020 1,430 — 1,046 1,438 — State and political subdivisions — — — — — — Retail: 1-4 family residential mortgages 908 928 — 570 589 — Home equity loans and lines 92 132 — 111 174 — Consumer 91 93 — 93 95 — Total $ 9,853 $ 11,178 $ — $ 10,909 $ 11,759 $ — With an allowance recorded: Commercial: Commercial and industrial $ 2,564 $ 2,742 $ 841 $ 2,652 $ 2,812 $ 696 Construction — — — — — — Secured by commercial real estate 110 112 52 — — — Secured by residential real estate 1,229 1,360 176 1,267 1,435 494 State and political subdivisions — — — — — — Retail: 1-4 family residential mortgages 173 190 4 178 193 8 Home equity loans and lines — — — — — — Consumer — — — — — — Total $ 4,076 $ 4,404 $ 1,073 $ 4,097 $ 4,440 $ 1,198 Total: Commercial: Commercial and industrial $ 4,877 $ 5,401 $ 841 $ 5,134 $ 5,674 $ 696 Construction 7 7 — 224 234 — Secured by commercial real estate 5,532 6,041 52 6,383 6,367 — Secured by residential real estate 2,249 2,790 176 2,313 2,873 494 State and political subdivisions — — — — — — Retail: 1-4 family residential mortgages 1,081 1,118 4 748 782 8 Home equity loans and lines 92 132 — 111 174 — Consumer 91 93 — 93 95 — Total $ 13,929 $ 15,582 $ 1,073 $ 15,006 $ 16,199 $ 1,198 Three Months Ended March 31, 2017 2016 Average recorded investment Interest income recognized Average recorded investment Interest income recognized Commercial: Commercial and industrial $ 4,995 $ 5 $ 4,570 $ 19 Construction 146 2 382 4 Secured by commercial real estate 6,128 40 6,554 34 Secured by residential real estate 2,278 7 2,070 4 State and political subdivisions — — — — Indirect lease financing — — 129 — Retail: 1-4 family residential mortgages 829 4 580 3 Home equity loans and lines 101 — 145 — Consumer 92 — — — Total $ 14,569 $ 58 $ 14,430 $ 64

Note 8 - Fair Value Measurement

Note 8 - Fair Value Measurements and Disclosures	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	8. FAIR VALUE MEASUREMENTS AND DISCLOSURES Financial Accounting Standards Board (FASB) ASC 820, Fair Value Measurements and Disclosures ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: 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. The measurement of fair value should be consistent with one of the following valuation techniques: market approach, income approach, and/or cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). For example, valuation techniques consistent with the market approach often use market multiples derived from a set of comparables. Multiples might lie in ranges with a different multiple for each comparable. The selection of where within the range the appropriate multiple falls requires judgment, considering factors specific to the measurement (qualitative and quantitative). Valuation techniques consistent with the market approach include matrix pricing. Matrix pricing is a mathematical technique used principally to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the security’s relationship to other benchmark quoted securities. The following table sets forth QNB’s financial assets measured at fair value on a recurring and nonrecurring basis and the fair value measurements by level within the fair value hierarchy as of March 31, 2017: March 31, 2017 Quoted 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 $ — $ 2,358 $ — $ 2,358 Securities available-for-sale U.S. Government agency securities — $ 70,646 — $ 70,646 State and municipal securities — 75,728 — 75,728 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 142,230 — 142,230 Collateralized mortgage obligations (CMOs) — 77,106 — 77,106 Pooled trust preferred securities — — $ 2,423 2,423 Corporate debt securities — 8,056 — 8,056 Equity securities $ 6,107 — — 6,107 Total securities available-for-sale $ 6,107 $ 373,766 $ 2,423 $ 382,296 Total recurring fair value measurements $ 6,107 $ 376,124 $ 2,423 $ 384,654 Nonrecurring fair value measurements Impaired loans $ — $ — $ 3,003 $ 3,003 Mortgage servicing rights — — 43 43 Total nonrecurring fair value measurements $ — $ — $ 3,046 $ 3,046 There were no transfers in and out of Level 1 and Level 2 fair value measurements during the three months ended March 31, 2017. There were also no transfers in or out of level 3 for the same period. There were no losses included in earnings attributable to the change in unrealized gains or losses relating to the available-for-sale securities above with fair value measurements utilizing significant unobservable inputs for the three-month period ended March 31, 2017. The following table sets forth QNB’s financial assets measured at fair value on a recurring and nonrecurring basis, the fair value measurements by level within the fair value hierarchy as of December 31, 2016: December 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 $ — $ 3,596 $ — $ 3,596 Securities available-for-sale U.S. Government agency securities — $ 76,650 — $ 76,650 State and municipal securities — 72,295 — 72,295 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 145,301 — 145,301 Collateralized mortgage obligations (CMOs) — 77,415 — 77,415 Pooled trust preferred securities — — $ 2,281 2,281 Corporate debt securities — 8,030 — 8,030 Equity securities $ 8,503 — — 8,503 Total securities available-for-sale $ 8,503 $ 379,691 $ 2,281 $ 390,475 Total recurring fair value measurements $ 8,503 $ 383,287 $ 2,281 $ 394,071 Nonrecurring fair value measurements Impaired loans $ — $ — $ 2,899 $ 2,899 Mortgage servicing rights — — 58 58 Total nonrecurring fair value measurements $ — $ — $ 2,957 $ 2,957 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, 2017 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 1,281 Appraisal of collateral (1) Appraisal adjustments (2) -10% to -80% Liquidation expenses (3) -10% Impaired loans 24 Used commercial vehicle and equipment guides Guide value discounts (4) 0% to -25% Impaired loans 1,698 Financial statement values for UCC collateral Financial statement value discounts (5) -20% to -50% Mortgage servicing rights 43 Discounted cash flow Remaining term 2 to 27 yrs Discount rate 14% to 16% Quantitative information about Level 3 fair value measurements December 31, 2016 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 938 Appraisal of collateral (1) Appraisal adjustments (2) -10% to -80% Liquidation expenses (3) -10% Impaired loans 76 Used commercial vehicle and equipment guides Guide value discounts (4) 0% to -25% Impaired loans 1,880 Financial statement values for UCC collateral Financial statement value discounts (5) -20% to -50% Impaired loans 5 Agreement of sale (6) Mortgage servicing rights 58 Discounted cash flow Remaining term 2 to 27 yrs Discount rate 14% to 16% (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, 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 net amount due. The following table presents additional information about the securities available-for-sale measured at fair value on a recurring basis and for which QNB utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the three months ended March 31, 2017 and 2016: Fair value measurements using significant unobservable inputs (Level 3) 2017 2016 Balance, January 1, $ 2,281 $ 2,653 Payments received (34 ) (71 ) Total gains or losses (realized/unrealized) Included in earnings — — Included in other comprehensive income 176 73 Transfers in and/or out of Level 3 — — Balance, March 31, $ 2,423 $ 2,655 The Level 3 securities consist of six collateralized debt obligation securities, PreTSL securities, which are backed by trust preferred securities issued by banks, thrifts, and insurance companies. As discussed in Note 7, despite the fact that there were some trades over the past few years, the market for these securities at March 31, 2017 was not active and markets for similar securities also are not active. The inactivity was evidenced first by a significant widening of the bid-ask spread in the brokered markets in which PreTSLs trade and then by a significant decrease in the volume of trades relative to historical levels. The new issue market is also inactive and there are currently very few market participants who are willing and or able to transact for these securities. 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, 2017; • An income valuation approach technique (present value technique) that maximizes the use of relevant observable inputs and minimizes the use of unobservable inputs will be equally or more representative of fair value than the market approach valuation technique used at prior measurement dates; and • 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. The Bank is aware of several factors indicating that recent transactions of PreTSL securities are not orderly including an increased spread between bid/ask prices, lower sales transaction volumes for these types of securities, and a lack of new issuances. As a result, the Bank engaged an independent third party to value the securities using a discounted cash flow analysis. The estimated cash flows are based on specific assumptions about defaults, deferrals and prepayments of the trust preferred securities underlying each PreTSL. The resulting collateral cash flows are allocated to the bond waterfall using the INTEXcalc valuation model. Default rates are calculated based upon a comparison of key financial ratios of active individual issuers without a short-term probability of default compared to all FDIC insured banks. The base loss severity assumption and long-term loss severity assumptions are modeled at 95%. The severity factor for near-term 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. The internal rate of return is the pre-tax yield used to discount the best estimate of future cash flows after credit losses. The cash flows have been discounted using estimated market discount rates of 3-month LIBOR plus spreads ranging from 5.18% to 7.72%. The determination of appropriate market discount rates involved the consideration of the following: • the time value of money • the price for bearing uncertainty in cash flows • other factors that would be considered by market participants The analysis of discount rates involved the review of corporate bond spreads for banks, U.S. Treasury yields, credit default swap rates for financial companies (utilized as a proxy for credit), the swap/LIBOR yield curve and the characteristics of the individual securities being valued. For a further discussion of PreTSL valuation, see Note 6, Investment Securities. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of QNB’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between QNB’s disclosures and those of other companies may not be meaningful. 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, 2017 and December 31, 2016: Cash and cash equivalents, accrued interest receivable and accrued interest payable (carried at cost) Investment securities - trading (carried at fair value), available for sale (carried at fair value) and held-to-maturity (carried at amortized cost) Restricted investment in bank stocks (carried at cost) Loans Held-for-Sale (carried at lower of cost or fair value) Loans Receivable (carried at cost) Impaired Loans (generally carried at fair value) Mortgage Servicing Rights (carried at lower of cost or fair value) Deposit liabilities (carried at cost) Short-term borrowings (carried at cost) Off-balance-sheet instruments (disclosed at cost) Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in sales transaction on the dates indicated. The estimated fair value amounts have been measured as of the respective period ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period end. 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, 2017 Carrying amount Fai r 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 $ 20,542 $ 20,542 $ 20,542 — — Investment securities: Trading 2,358 2,358 — $ 2,358 — Available-for-sale 382,296 382,296 6,107 373,766 $ 2,423 Restricted investment in bank stocks 910 910 — 910 — Loans held-for-sale 903 925 — 925 — Net loans 651,320 649,870 — — 649,870 Mortgage servicing rights 494 595 — — 595 Accrued interest receivable 2,774 2,774 — 2,774 — Financial liabilities Deposits with no stated maturities $ 716,424 $ 716,424 $ 716,424 — $ — Deposits with stated maturities 226,467 225,847 — $ 225,847 — Short-term borrowings 45,265 45,265 45,265 — — Accrued interest payable 303 303 — 303 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — — — — — Fair value measurements December 31, 2016 Carrying amount Fai r 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 $ 10,721 $ 10,721 $ 10,721 — — Investment securities: Trading 3,596 3,596 — $ 3,596 — Available-for-sale 390,475 390,475 8,503 379,691 $ 2,281 Restricted investment in bank stocks 1,017 1,017 — 1,017 — Loans held-for-sale 789 789 — 789 — Net loans 625,685 626,052 — — 626,052 Mortgage servicing rights 498 579 — — 579 Accrued interest receivable 3,128 3,128 — 3,128 — Financial liabilities Deposits with no stated maturities $ 687,773 $ 687,773 $ 687,773 — $ — Deposits with stated maturities 225,582 225,403 — $ 225,403 — Short-term borrowings 52,660 52,660 52,660 — — Accrued interest payable 335 335 — 335 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — — — — —

Note 9 - Off-balance-sheet Fina

Note 9 - Off-balance-sheet Financial Instruments and Guarantees	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Off-balance-sheet Financial Instruments and Guarantees	9. OFF-BALANCE-SHEET FINANCIAL INSTRUMENTS AND GUARANTEES In the normal course of business there are various legal proceedings, commitments, and contingent liabilities which are not reflected in the consolidated financial statements. Management does not anticipate any material losses as a result of these transactions and activities. They include, among other things, commitments to extend credit and standby letters of credit. The maximum exposure to credit loss, which represents the possibility of sustaining a loss due to the failure of the other parties to a financial instrument to perform according to the terms of the contract, is represented by the contractual amount of these instruments. QNB uses the same lending standards and policies in making credit commitments as it does for on-balance sheet instruments. The activity is controlled through credit approvals, control limits, and monitoring procedures. A summary of the Bank's financial instrument commitments is as follows: March 31, December 31, 2017 2016 Commitments to extend credit and unused lines of credit $ 277,444 $ 277,216 Standby letters of credit 14,207 16,490 Total financial instrument commitments $ 291,651 $ 293,706 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. QNB evaluates each customer’s creditworthiness on a case-by-case basis. Standby letters of credit are conditional commitments issued by the Bank to guarantee the financial or performance obligation of a customer to a third party. QNB’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making conditional obligations as it does for on-balance sheet instruments. These standby letters of credit expire within three years. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending other loan commitments. The Bank requires collateral and personal guarantees supporting these letters of credit as deemed necessary. Management believes that the proceeds obtained through a liquidation of such collateral and the enforcement of personal guarantees would be sufficient to cover the maximum potential amount of future payments required under the corresponding guarantees. The amount of the liability as of March 31, 2017 and December 31, 2016 for guarantees under standby letters of credit issued is not material. The amount of collateral obtained for letters of credit and commitments to extend credit is based on management’s credit evaluation of the customer. Collateral varies, but may include real estate, accounts receivable, marketable securities, pledged deposits, inventory or equipment.

Note 10 - Regulatory Restrictio

Note 10 - Regulatory Restrictions	3 Months Ended
	Mar. 31, 2017
Banking And Thrift [Abstract]
Regulatory Restrictions	10. REGULATORY RESTRICTIONS Dividends payable by the Company and the Bank are subject to various limitations imposed by statutes, regulations and policies adopted by bank regulatory agencies. Under Pennsylvania banking law, the Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. Under Federal Reserve regulations, the Bank is limited as to the amount it may lend affiliates, including QNB Corp., unless such loans are collateralized by specific obligations. Both the Company and the Bank are subject to regulatory capital requirements administered by Federal banking agencies. Failure to meet minimum capital requirements can initiate actions by regulators that could have an effect on the financial statements. Under the framework for prompt corrective action, both the Company and the Bank must meet capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items. The capital amounts and classification are also subject to qualitative judgments by the regulators. Management believes, as of March 31, 2017, that the Company and the Bank met capital adequacy requirements to which they were subject. As of the most recent notification, the primary regulator of the Bank considered it to be “well capitalized” under the regulatory framework. There are no conditions or events since that notification that management believes have changed the classification. To be categorized as well capitalized, the Company and the Bank must maintain minimum ratios as set forth in the following table below. The Company and the Bank’s actual capital amounts and ratios are presented as follows: Capital levels Actual Adequately capitalized Well capitalized As of March 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): Consolidated $ 107,237 12.77 % $ 67,195 8.00 % $ 83,993 10.00 % Bank 98,389 11.98 65,682 8.00 82,103 10.00 Tier I capital (to risk-weighted assets): Consolidated 99,459 11.84 50,396 6.00 50,396 6.00 Bank 90,611 11.04 49,262 6.00 65,682 8.00 Common equity tier 1 capital (to risk-weighted assets): Consolidated 99,459 11.84 37,797 4.50 N/A N/A Bank 90,611 11.04 36,946 4.50 53,367 6.50 Tier I capital (to average assets): Consolidated 99,459 9.24 43,036 4.00 N/A N/A Bank 90,611 8.49 42,683 4.00 53,353 5.00 Capital levels Actual Adequately capitalized Well capitalized As of December 31, 2016 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): Consolidated $ 104,820 12.75 % $ 65,777 8.00 % $ 82,221 10.00 % Bank 96,478 12.10 63,792 8.00 79,740 10.00 Tier I capital (to risk-weighted assets): Consolidated 97,320 11.84 49,333 6.00 49,333 6.00 Bank 89,025 11.16 47,844 6.00 63,792 8.00 Common equity tier 1 capital (to risk-weighted assets): Consolidated 97,320 11.84 36,999 4.50 N/A N/A Bank 89,025 11.16 35,883 4.50 51,831 6.50 Tier I capital (to average assets): Consolidated 97,320 9.16 42,479 4.00 N/A N/A Bank 89,025 8.45 42,144 4.00 52,680 5.00

Note 3 - Stock-based Compensa19

Note 3 - Stock-based Compensation and Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Assumptions Used in Option Pricing Model	Three months ended March 31, 2017 2016 Risk free interest rate 1.48 % 1.14 % Dividend yield 3.19 % 3.78 % Volatility 17.89 % 22.62 % Expected life (years) 4.20 4.20
Stock Option Activity	Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at December 31, 2016 73,950 $ 27.14 Granted 25,000 37.60 Exercised (10,375 ) 22.21 Forfeited (100 ) 21.35 Outstanding at March 31, 2017 88,475 $ 30.68 3.33 $ 661 Exercisable at March 31, 2017 22,125 $ 24.31 1.39 $ 306 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

Note 4 - Earnings Per Share &20

Note 4 - Earnings Per Share & Share Repurchase Plan (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following sets forth the computation of basic and diluted earnings per share: Three months ended March 31, 2017 2016 Numerator for basic and diluted earnings per share - net income $ 2,860 $ 2,265 Denominator for basic earnings per share - weighted average shares outstanding 3,415,065 3,369,782 Effect of dilutive securities - employee stock options 14,165 8,154 Denominator for diluted earnings per share - adjusted weighted average shares outstanding 3,429,230 3,377,936 Earnings per share - basic $ 0.84 $ 0.67 Earnings per share - diluted 0.83 0.67

Note 5 - Comprehensive Income21

Note 5 - Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2017
Other Comprehensive Income Loss Tax [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following shows the components of accumulated other comprehensive income (loss) at March 31, 2017 and December 31, 2016: March 31, December 31, 2017 2016 Unrealized net holding losses on available-for-sale securities $ (5,079 ) $ (5,446 ) Unrealized losses on available-for-sale securities for which a portion of an other-than-temporary impairment loss has been recognized in earnings (114 ) (247 ) Accumulated other comprehensive loss (5,193 ) (5,693 ) Tax effect 1,765 1,936 Accumulated other comprehensive loss, net of tax $ (3,428 ) $ (3,757 )
Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss)	The following tables present amounts reclassified out of accumulated other comprehensive income (loss) for the three months ended March 31, 2017 and 2016: Three months ended March 31, Amount reclassified from accumulated other comprehensive income Details about accumulated other comprehensive income 2017 2016 Affected line item in statement of income Unrealized net holding gains on available-for-sale securities $ 749 $ 389 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 749 319 Tax effect (254 ) (108 ) Provision for income taxes Total reclass out of accumulated other comprehensive income, net of tax $ 495 $ 211 Net of tax

Note 6 - Investment Securities

Note 6 - Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Investments Debt And Equity Securities [Abstract]
Trading Securities	Trading securities, at fair value, at March 31, 2017 and December 31, 2016 were as follows: March 31, December 31, 2017 2016 State and municipal securities $ 2,358 $ 3,596
Investment Securities Available-for-sale	The amortized cost and estimated fair values of investment securities available-for-sale at March 31, 2017 and December 31, 2016 were as follows: Gross Gross unrealized unrealized Fair holding holding Amortized March 31, 2017 value gains losses cost U.S. Government agency $ 70,646 $ 25 $ (1,847 ) $ 72,468 State and municipal 75,728 714 (272 ) 75,286 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 142,230 448 (2,080 ) 143,862 Collateralized mortgage obligations (CMOs) 77,106 67 (1,775 ) 78,814 Pooled trust preferred 2,423 295 (748 ) 2,876 Corporate debt 8,056 29 (40 ) 8,067 Equity 6,107 181 (190 ) 6,116 Total investment securities available-for-sale $ 382,296 $ 1,759 $ (6,952 ) $ 387,489 Gross Gross unrealized unrealized Fair holding holding Amortized December 31, 2016 value gains losses cost U.S. Government agency $ 76,650 $ 36 $ (2,118 ) $ 78,732 State and municipal 72,295 614 (398 ) 72,079 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 145,301 561 (2,241 ) 146,981 Collateralized mortgage obligations (CMOs) 77,415 109 (1,846 ) 79,152 Pooled trust preferred 2,281 263 (891 ) 2,909 Corporate debt 8,030 16 (57 ) 8,071 Equity 8,503 587 (328 ) 8,244 Total investment securities available-for-sale $ 390,475 $ 2,186 $ (7,879 ) $ 396,168
Investment Securities by Contractual Maturity	The amortized cost and estimated fair value of securities available-for-sale by contractual maturity at March 31, 2017 are shown in the following table. Amortized March 31, 2017 Fair value cost Due in one year or less $ 8,664 $ 8,589 Due after one year through five years 171,182 172,475 Due after five years through ten years 176,653 180,017 Due after ten years 19,690 20,292 Equity securities 6,107 6,116 Total investment securities available-for-sale $ 382,296 $ 387,489
Realized Gain (Loss) on Investments	The following table presents information related to the Company’s gains and losses on the sales of equity and debt securities, and losses recognized for the other-than-temporary impairment (“OTTI”) of these investments. Three months ended March 31, 2017 Three months ended March 31, 2016 Other-than- Other-than- Gross Gross temporary Gross Gross temporary realized realized impairment realized realized impairment gains losses losses Net gains gains losses losses Net gains Equity securities $ 725 $ — $ — $ 725 $ 382 $ — $ (70 ) $ 312 Debt securities 78 (54 ) — 24 80 (73 ) — 7 Total $ 803 $ (54 ) $ — $ 749 $ 462 $ (73 ) $ (70 ) $ 319
Credit-related Other-than-temporary Impairment	The 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, 2017 2016 Balance, beginning of period $ 1,153 $ 1,153 Additions: Initial credit impairments — — Subsequent credit impairments — — Balance, end of period $ 1,153 $ 1,153
Securities in a Continuous Unrealized Loss Position	The following table indicates the length of time individual securities have been in a continuous unrealized loss position at March 31, 2017 and December 31, 2016: Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2017 securities value losses value losses value losses U.S. Government agency 50 $ 66,631 $ (1,847 ) $ — $ — $ 66,631 $ (1,847 ) State and municipal 66 26,959 (272 ) — — 26,959 (272 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 87 120,209 (2,080 ) — — 120,209 (2,080 ) Collateralized mortgage obligations (CMOs) 70 59,295 (1,236 ) 14,644 (539 ) 73,939 (1,775 ) Pooled trust preferred 5 — — 2,068 (748 ) 2,068 (748 ) Corporate debt 4 4,015 (40 ) — — 4,015 (40 ) Equity 8 2,004 (170 ) 183 (20 ) 2,187 (190 ) Total 290 $ 279,113 $ (5,645 ) $ 16,895 $ (1,307 ) $ 296,008 $ (6,952 ) Less than 12 months 12 months or longer Total No. of Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 securities value losses value losses value losses U.S. Government agency 55 $ 72,626 $ (2,118 ) $ — $ — $ 72,626 $ (2,118 ) State and municipal 70 29,280 (398 ) — — 29,280 (398 ) U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed 88 123,087 (2,241 ) — — 123,087 (2,241 ) Collateralized mortgage obligations (CMOs) 68 56,853 (1,269 ) 15,426 (577 ) 72,279 (1,846 ) Pooled trust preferred 5 — — 1,952 (891 ) 1,952 (891 ) Corporate debt 4 4,002 (57 ) — — 4,002 (57 ) Equity 16 2,985 (268 ) 888 (60 ) 3,873 (328 ) Total 306 $ 288,833 $ (6,351 ) $ 18,266 $ (1,528 ) $ 307,099 $ (7,879 )
Pooled Trust Preferred Securities	The following table provides additional information related to pooled trust preferred securities (PreTSLs) as of March 31, 2017: Deal Class Book value Fair value Unrealized gains (losses) Realized OTTI credit loss (YTD 2017) 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 * $ 242 $ 188 $ (54 ) $ — $ (1 ) B1/BB 5 — 18.0 % 141.6 % PreTSL XVII Mezzanine 588 486 (102 ) — (222 ) C/CC 34 5 21.7 100.3 PreTSL XIX Mezzanine 837 498 (339 ) — — Caa1/CC 41 12 6.9 103.1 PreTSL XXV Mezzanine 766 541 (225 ) — (222 ) Ca/C 44 5 24.2 89.9 PreTSL XXVI Mezzanine 383 355 (28 ) — (270 ) Caa3/C 44 7 18.2 98.1 PreTSL XXVI Mezzanine 60 355 295 — (438 ) Caa3/C 44 7 18.2 98.1 $ 2,876 $ 2,423 $ (453 ) $ — $ (1,153 )

Note 7 - Loans & Allowance fo23

Note 7 - Loans & Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Major Classes of Loans	March 31 December 31, 2017 2016 Commercial: Commercial and industrial $ 120,344 $ 110,233 Construction 40,244 39,268 Secured by commercial real estate 268,051 255,188 Secured by residential real estate 68,681 68,731 State and political subdivisions 35,523 35,260 Retail: 1-4 family residential mortgages 48,158 47,124 Home equity loans and lines 71,587 71,525 Consumer 6,317 5,670 Total loans 658,905 632,999 Net unearned costs 134 80 Loans receivable $ 659,039 $ 633,079
Internal Risk Ratings and Payment Activity	March 31, 2017 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 110,818 $ 4,598 $ 4,928 $ — $ 120,344 Construction 40,237 — 7 — 40,244 Secured by commercial real estate 252,137 5,131 10,783 — 268,051 Secured by residential real estate 65,903 229 2,549 — 68,681 State and political subdivisions 35,523 — — — 35,523 Total $ 504,618 $ 9,958 $ 18,267 $ — $ 532,843 December 31, 2016 Pass Special mention Substandard Doubtful Total Commercial: Commercial and industrial $ 102,396 $ 686 $ 7,151 $ — $ 110,233 Construction 39,259 — 9 — 39,268 Secured by commercial real estate 238,290 5,185 11,713 — 255,188 Secured by residential real estate 65,169 231 3,331 — 68,731 State and political subdivisions 35,260 — — — 35,260 Total $ 480,374 $ 6,102 $ 22,204 $ — $ 508,680 March 31, 2017 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 47,418 $ 740 $ 48,158 Home equity loans and lines 71,517 70 71,587 Consumer 6,226 91 6,317 Total $ 125,161 $ 901 $ 126,062 December 31, 2016 Performing Non-performing Total Retail: 1-4 family residential mortgages $ 46,858 $ 266 $ 47,124 Home equity loans and lines 71,436 89 71,525 Consumer 5,577 93 5,670 Total $ 123,871 $ 448 $ 124,319
Past Due Loans	March 31, 2017 30-59 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 $ 5,758 — — $ 5,758 $ 114,586 $ 120,344 Construction — — — — 40,244 40,244 Secured by commercial real estate 705 — $ 93 798 267,253 268,051 Secured by residential real estate 179 — 158 337 68,344 68,681 State and political subdivisions 76 — — 76 35,447 35,523 Retail: 1-4 family residential mortgages 875 — 481 1,356 46,802 48,158 Home equity loans and lines 168 $ 50 35 253 71,334 71,587 Consumer 29 11 — 40 6,277 6,317 Total $ 7,790 $ 61 $ 767 $ 8,618 $ 650,287 $ 658,905 December 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 $ 463 — — $ 463 $ 109,770 $ 110,233 Construction 214 — — 214 39,054 39,268 Secured by commercial real estate 64 $ 395 $ 1,596 2,055 253,133 255,188 Secured by residential real estate — — 285 285 68,446 68,731 State and political subdivisions — — — — 35,260 35,260 Retail: 1-4 family residential mortgages 1,459 323 — 1,782 45,342 47,124 Home equity loans and lines 107 15 — 122 71,403 71,525 Consumer 14 2 — 16 5,654 5,670 Total $ 2,321 $ 735 $ 1,881 $ 4,937 $ 628,062 $ 632,999
Non-accrual Loans	March 31, 2017 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 4,670 Construction — — Secured by commercial real estate — 2,215 Secured by residential real estate — 1,812 State and political subdivisions — — Retail: 1-4 family residential mortgages — 740 Home equity loans and lines — 70 Consumer — 91 Total $ — $ 9,598 December 31, 2016 90 due (still accruing) Non-accrual Commercial: Commercial and industrial $ — $ 4,798 Construction — — Secured by commercial real estate — 3,007 Secured by residential real estate — 1,866 State and political subdivisions — — Retail: 1-4 family residential mortgages — 266 Home equity loans and lines — 89 Consumer — 93 Total $ — $ 10,119
Allowance for Loan Losses	Three months ended March 31, 2017 Balance, beginning of period Provision for (credit to) loan losses Charge-offs Recoveries Balance, end of period Commercial: Commercial and industrial $ 1,459 $ 507 — $ 12 $ 1,978 Construction 449 14 — — 463 Secured by commercial real estate 2,646 (71 ) — 2 2,577 Secured by residential real estate 1,760 (436 ) $ (3 ) 23 1,344 State and political subdivisions 123 1 — — 124 Retail: - 1-4 family residential mortgages 366 49 — — 415 Home equity loans and lines 353 (14 ) — 3 342 Consumer 76 13 (21 ) 9 77 Unallocated 162 237 N/A N/A 399 Total $ 7,394 $ 300 $ (24 ) $ 49 $ 7,719 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 Total $ 7,554 $ 125 $ (166 ) $ 43 $ 7,556 March 31, 2017 December 31, 2016 Unpaid principal balance Related allowance Unpaid principal balance Related allowance TDRs with no specific allowance recorded $ 3,653 — $ 3,992 — TDRs with an allowance recorded 1,303 $ 395 1,382 $ 761 Total $ 4,956 $ 395 $ 5,374 $ 761
Loans by Loan Class Modified as TDRs	Three months ended March 31, 2017 2016 Number 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 Total — $ — $ — 9 $ 1,557 $ 1,529
Loans Disaggregated by Impairment Method	Allowance for Loan Losses Loans Receivable March 31, 2017 Balance Balance 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 $ 1,978 $ 841 $ 1,137 $ 120,344 $ 4,877 $ 115,467 Construction 463 — 463 40,244 7 40,237 Secured by commercial real estate 2,577 52 2,525 268,051 5,532 262,519 Secured by residential real estate 1,344 176 1,168 68,681 2,249 66,432 State and political subdivisions 124 — 124 35,523 — 35,523 Retail: 1-4 family residential mortgages 415 4 411 48,158 1,081 47,077 Home equity loans and lines 342 — 342 71,587 92 71,495 Consumer 77 — 77 6,317 91 6,226 Unallocated 399 N/A N/A N/A N/A N/A Total $ 7,719 $ 1,073 $ 6,247 $ 658,905 $ 13,929 $ 644,976 Allowance for Loan Losses Loans Receivable December 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 $ 1,459 $ 696 $ 763 $ 110,233 $ 5,134 $ 105,099 Construction 449 — 449 39,268 224 39,044 Secured by commercial real estate 2,646 — 2,646 255,188 6,383 248,805 Secured by residential real estate 1,760 494 1,266 68,731 2,313 66,418 State and political subdivisions 123 — 123 35,260 — 35,260 Retail: 1-4 family residential mortgages 366 8 358 47,124 748 46,376 Home equity loans and lines 353 — 353 71,525 111 71,414 Consumer 76 — 76 5,670 93 5,577 Unallocated 162 N/A N/A N/A N/A N/A Total $ 7,394 $ 1,198 $ 6,034 $ 632,999 $ 15,006 $ 617,993
Impaired Loans	March 31, 2017 December 31, 2016 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 $ 2,313 $ 2,659 $ — $ 2,482 $ 2,862 $ — Construction 7 7 — 224 234 — Secured by commercial real estate 5,422 5,929 — 6,383 6,367 — Secured by residential real estate 1,020 1,430 — 1,046 1,438 — State and political subdivisions — — — — — — Retail: 1-4 family residential mortgages 908 928 — 570 589 — Home equity loans and lines 92 132 — 111 174 — Consumer 91 93 — 93 95 — Total $ 9,853 $ 11,178 $ — $ 10,909 $ 11,759 $ — With an allowance recorded: Commercial: Commercial and industrial $ 2,564 $ 2,742 $ 841 $ 2,652 $ 2,812 $ 696 Construction — — — — — — Secured by commercial real estate 110 112 52 — — — Secured by residential real estate 1,229 1,360 176 1,267 1,435 494 State and political subdivisions — — — — — — Retail: 1-4 family residential mortgages 173 190 4 178 193 8 Home equity loans and lines — — — — — — Consumer — — — — — — Total $ 4,076 $ 4,404 $ 1,073 $ 4,097 $ 4,440 $ 1,198 Total: Commercial: Commercial and industrial $ 4,877 $ 5,401 $ 841 $ 5,134 $ 5,674 $ 696 Construction 7 7 — 224 234 — Secured by commercial real estate 5,532 6,041 52 6,383 6,367 — Secured by residential real estate 2,249 2,790 176 2,313 2,873 494 State and political subdivisions — — — — — — Retail: 1-4 family residential mortgages 1,081 1,118 4 748 782 8 Home equity loans and lines 92 132 — 111 174 — Consumer 91 93 — 93 95 — Total $ 13,929 $ 15,582 $ 1,073 $ 15,006 $ 16,199 $ 1,198 Three Months Ended March 31, 2017 2016 Average recorded investment Interest income recognized Average recorded investment Interest income recognized Commercial: Commercial and industrial $ 4,995 $ 5 $ 4,570 $ 19 Construction 146 2 382 4 Secured by commercial real estate 6,128 40 6,554 34 Secured by residential real estate 2,278 7 2,070 4 State and political subdivisions — — — — Indirect lease financing — — 129 — Retail: 1-4 family residential mortgages 829 4 580 3 Home equity loans and lines 101 — 145 — Consumer 92 — — — Total $ 14,569 $ 58 $ 14,430 $ 64

Note 8 - Fair Value Measureme24

Note 8 - Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Financial Assets Measured at Fair Value on a Recurring and Nonrecurring Basis	March 31, 2017 Quoted 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 $ — $ 2,358 $ — $ 2,358 Securities available-for-sale U.S. Government agency securities — $ 70,646 — $ 70,646 State and municipal securities — 75,728 — 75,728 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 142,230 — 142,230 Collateralized mortgage obligations (CMOs) — 77,106 — 77,106 Pooled trust preferred securities — — $ 2,423 2,423 Corporate debt securities — 8,056 — 8,056 Equity securities $ 6,107 — — 6,107 Total securities available-for-sale $ 6,107 $ 373,766 $ 2,423 $ 382,296 Total recurring fair value measurements $ 6,107 $ 376,124 $ 2,423 $ 384,654 Nonrecurring fair value measurements Impaired loans $ — $ — $ 3,003 $ 3,003 Mortgage servicing rights — — 43 43 Total nonrecurring fair value measurements $ — $ — $ 3,046 $ 3,046 December 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 $ — $ 3,596 $ — $ 3,596 Securities available-for-sale U.S. Government agency securities — $ 76,650 — $ 76,650 State and municipal securities — 72,295 — 72,295 U.S. Government agencies and sponsored enterprises (GSEs): Mortgage-backed securities — 145,301 — 145,301 Collateralized mortgage obligations (CMOs) — 77,415 — 77,415 Pooled trust preferred securities — — $ 2,281 2,281 Corporate debt securities — 8,030 — 8,030 Equity securities $ 8,503 — — 8,503 Total securities available-for-sale $ 8,503 $ 379,691 $ 2,281 $ 390,475 Total recurring fair value measurements $ 8,503 $ 383,287 $ 2,281 $ 394,071 Nonrecurring fair value measurements Impaired loans $ — $ — $ 2,899 $ 2,899 Mortgage servicing rights — — 58 58 Total nonrecurring fair value measurements $ — $ — $ 2,957 $ 2,957
Quantitative Information about Assets Measured at Fair Value	Quantitative information about Level 3 fair value measurements March 31, 2017 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 1,281 Appraisal of collateral (1) Appraisal adjustments (2) -10% to -80% Liquidation expenses (3) -10% Impaired loans 24 Used commercial vehicle and equipment guides Guide value discounts (4) 0% to -25% Impaired loans 1,698 Financial statement values for UCC collateral Financial statement value discounts (5) -20% to -50% Mortgage servicing rights 43 Discounted cash flow Remaining term 2 to 27 yrs Discount rate 14% to 16% Quantitative information about Level 3 fair value measurements December 31, 2016 Fair value Valuation techniques Unobservable input Value or range of values Impaired loans $ 938 Appraisal of collateral (1) Appraisal adjustments (2) -10% to -80% Liquidation expenses (3) -10% Impaired loans 76 Used commercial vehicle and equipment guides Guide value discounts (4) 0% to -25% Impaired loans 1,880 Financial statement values for UCC collateral Financial statement value discounts (5) -20% to -50% Impaired loans 5 Agreement of sale (6) Mortgage servicing rights 58 Discounted cash flow Remaining term 2 to 27 yrs Discount rate 14% to 16%
Available-for-sale Securities Measured at Fair Value Using Significant Unobservable Inputs	Fair value measurements using significant unobservable inputs (Level 3) 2017 2016 Balance, January 1, $ 2,281 $ 2,653 Payments received (34 ) (71 ) Total gains or losses (realized/unrealized) Included in earnings — — Included in other comprehensive income 176 73 Transfers in and/or out of Level 3 — — Balance, March 31, $ 2,423 $ 2,655
Financial and Off-balance Sheet Instruments	Fair value measurements March 31, 2017 Carrying amount Fai r 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 $ 20,542 $ 20,542 $ 20,542 — — Investment securities: Trading 2,358 2,358 — $ 2,358 — Available-for-sale 382,296 382,296 6,107 373,766 $ 2,423 Restricted investment in bank stocks 910 910 — 910 — Loans held-for-sale 903 925 — 925 — Net loans 651,320 649,870 — — 649,870 Mortgage servicing rights 494 595 — — 595 Accrued interest receivable 2,774 2,774 — 2,774 — Financial liabilities Deposits with no stated maturities $ 716,424 $ 716,424 $ 716,424 — $ — Deposits with stated maturities 226,467 225,847 — $ 225,847 — Short-term borrowings 45,265 45,265 45,265 — — Accrued interest payable 303 303 — 303 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — — — — — Fair value measurements December 31, 2016 Carrying amount Fai r 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 $ 10,721 $ 10,721 $ 10,721 — — Investment securities: Trading 3,596 3,596 — $ 3,596 — Available-for-sale 390,475 390,475 8,503 379,691 $ 2,281 Restricted investment in bank stocks 1,017 1,017 — 1,017 — Loans held-for-sale 789 789 — 789 — Net loans 625,685 626,052 — — 626,052 Mortgage servicing rights 498 579 — — 579 Accrued interest receivable 3,128 3,128 — 3,128 — Financial liabilities Deposits with no stated maturities $ 687,773 $ 687,773 $ 687,773 — $ — Deposits with stated maturities 225,582 225,403 — $ 225,403 — Short-term borrowings 52,660 52,660 52,660 — — Accrued interest payable 335 335 — 335 — Off-balance sheet instruments Commitments to extend credit $ — $ — $ — $ — $ — Standby letters of credit — — — — —

Note 9 - Off-balance-sheet Fi25

Note 9 - Off-balance-sheet Financial Instruments and Guarantees (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Financial Instrument Commitments	A summary of the Bank's financial instrument commitments is as follows: March 31, December 31, 2017 2016 Commitments to extend credit and unused lines of credit $ 277,444 $ 277,216 Standby letters of credit 14,207 16,490 Total financial instrument commitments $ 291,651 $ 293,706

Note 10 - Regulatory Restrict26

Note 10 - Regulatory Restrictions (Tables)	3 Months Ended
	Mar. 31, 2017
Banking And Thrift [Abstract]
Capital Ratios and Regulatory Minimum Requirements	Capital levels Actual Adequately capitalized Well capitalized As of March 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): Consolidated $ 107,237 12.77 % $ 67,195 8.00 % $ 83,993 10.00 % Bank 98,389 11.98 65,682 8.00 82,103 10.00 Tier I capital (to risk-weighted assets): Consolidated 99,459 11.84 50,396 6.00 50,396 6.00 Bank 90,611 11.04 49,262 6.00 65,682 8.00 Common equity tier 1 capital (to risk-weighted assets): Consolidated 99,459 11.84 37,797 4.50 N/A N/A Bank 90,611 11.04 36,946 4.50 53,367 6.50 Tier I capital (to average assets): Consolidated 99,459 9.24 43,036 4.00 N/A N/A Bank 90,611 8.49 42,683 4.00 53,353 5.00 Capital levels Actual Adequately capitalized Well capitalized As of December 31, 2016 Amount Ratio Amount Ratio Amount Ratio Total risk-based capital (to risk-weighted assets): Consolidated $ 104,820 12.75 % $ 65,777 8.00 % $ 82,221 10.00 % Bank 96,478 12.10 63,792 8.00 79,740 10.00 Tier I capital (to risk-weighted assets): Consolidated 97,320 11.84 49,333 6.00 49,333 6.00 Bank 89,025 11.16 47,844 6.00 63,792 8.00 Common equity tier 1 capital (to risk-weighted assets): Consolidated 97,320 11.84 36,999 4.50 N/A N/A Bank 89,025 11.16 35,883 4.50 51,831 6.50 Tier I capital (to average assets): Consolidated 97,320 9.16 42,479 4.00 N/A N/A Bank 89,025 8.45 42,144 4.00 52,680 5.00

Note 2 - Recent Accounting Pr27

Note 2 - Recent Accounting Pronouncements (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)
New Accounting Pronouncement, Early Adoption, Effect [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income	$ (6,000)

Note 3 - Stock-based Compensa28

Note 3 - Stock-based Compensation and Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$ 18	$ 16
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 150
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	35 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	25,000	23,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	10,375	17,900
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	88,475	79,250	73,950	82,875
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 3.88	$ 3.79
The 2005 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
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, Grants in Period, Gross	184,200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period	65,150
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	79,075
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	39,975
The 2015 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	48,500
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, Options, Outstanding, Number	48,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)	300,000
Employee Stock Option [Member] | The 2005 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Employee Stock Option [Member] | Minimum [Member] | The 2005 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	6 months
Employee Stock Option [Member] | Maximum [Member] | The 2005 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years

Note 3 - Assumptions Used in Op

Note 3 - Assumptions Used in Option Pricing Model (Details)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk free interest rate	1.48%	1.14%
Dividend yield	3.19%	3.78%
Volatility	17.89%	22.62%
Expected life (years)	4 years 2 months 12 days	4 years 2 months 12 days

Note 3 - Stock Option Activity

Note 3 - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Roll Forward
Outstanding-Number of options (in shares)	73,950	82,875
Granted-Number of options (in shares)	25,000	23,500
Exercised-Number of options (in shares)	(10,375)	(17,900)
Forfeited-Number of options (in shares)	(100)	(9,225)
Outstanding ending-Number of options (in shares)	88,475	79,250
Exercisable-Number of options (in shares)	22,125	24,125
Outstanding-Weighted average exercise price (in dollars per share)	$ 27.14	$ 24.33
Granted-Weighted average exercise price (in dollars per share)	37.60	30.40
Exercised-Weighted average exercise price (in dollars per share)	22.21	20.65
Forfeited-Weighted average exercise price (in dollars per share)	21.35	25.77
Outstanding ending-Weighted average exercise price (in dollars per share)	30.68	26.79
Exercisable-Weighted average exercise price (in dollars per share)	$ 24.31	$ 22.38
Outstanding ending-Weighted average remaining contractual term	3 years 3 months 29 days	3 years 2 months 19 days
Exercisable-Weighted average remaining contractual term	1 year 4 months 21 days	1 year 4 months 13 days
Outstanding ending-Aggregate intrinsic value	$ 661	$ 264
Exercisable-Aggregate intrinsic value	$ 306	$ 184

Note 4 - Computation of Basic a

Note 4 - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Numerator for basic and diluted earnings per share - net income	$ 2,860	$ 2,265
Denominator for basic earnings per share - weighted average shares outstanding	3,415,065	3,369,782
Effect of dilutive securities - employee stock options	14,165	8,154
Denominator for diluted earnings per share - adjusted weighted average shares outstanding	3,429,230	3,377,936
Earnings per share - basic	$ 0.84	$ 0.67
Earnings per share - diluted	$ 0.83	$ 0.67

Note 4 - Earnings Per Share &32

Note 4 - Earnings Per Share & Share Repurchase Plan (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Earnings Per Share and Share Repurchase Plan [Line Items]
Treasury Stock, Shares	164,569		164,569
Treasury Stock, Value	$ 2,476		$ 2,476
Share Repurchase Program 1 [Member]
Earnings Per Share and Share Repurchase Plan [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	100,000
Treasury Stock, Shares, Acquired	0	0
Treasury Stock, Shares	57,883
Treasury Stock Shares Average Price Per Share Acquired	$ 16.97
Treasury Stock, Value	$ 982
Employee Stock Option [Member]
Earnings Per Share and Share Repurchase Plan [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	25,000	41,350

Note 5 - Components of Accumula

Note 5 - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	$ (5,193)	$ (5,693)
Tax effect	1,765	1,936
Accumulated other comprehensive loss, net of tax	(3,428)	(3,757)
Accumulated Net Investment Loss Attributable to Parent [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	(5,079)	(5,446)
Accumulated Other-than-Temporary Impairment Attributable to Parent [Member]
Accumulated Other Comprehensive Income Loss [Line Items]
Accumulated other comprehensive loss	$ (114)	$ (247)

Note 5 - Amounts Reclassified O

Note 5 - Amounts Reclassified Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	$ 3,982	$ 3,053
Tax effect	(1,122)	(788)
Net income	2,860	2,265
Reclassification out of Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items]
Unrealized net holding gains on available-for-sale securities	749	389
Other-than-temporary impairment losses on investment securities		(70)
Income before income taxes	749	319
Tax effect	(254)	(108)
Net income	$ 495	$ 211

Note 6 - Investment Securitie35

Note 6 - Investment Securities (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)security	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Investment Securities [Line Items]
Net (loss) gain on trading activities	$ 17,000	$ 34,000	$ (40,000)
Trading Securities, Change in Unrealized Holding Gain (Loss)	20,000		69,000
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	13,996,000	24,616,000
Available-for-sale Securities Pledged as Collateral	167,022,000		166,628,000
Income Tax Expense Benefit Related to Net Realized Gains Losses on Sales of Securities	254,000	108,000
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	0	0
Available-for-sale, amortized cost	387,489,000		396,168,000
Fair value	$ 382,296,000		390,475,000
Fair Value Inputs, Prepayment Rate	1.00%
Threshold For Identifying Banks With Trust Preferred Securities	$ 15,000,000,000
Minimum Cost Saving for Refinance	2.00%
Bank Failure Rate	0.37%
Fair Value Inputs, Loss Severity	95.00%
Collateralized Debt Obligations [Member]
Investment Securities [Line Items]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$ 0	$ 0
Number Of Trust Preferred Securities | security	6
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | security	5
Available-for-sale, amortized cost	$ 2,876,000		2,909,000
Fair value	$ 2,423,000		$ 2,281,000
Collateralized Debt Obligations [Member] | Minimum [Member]
Investment Securities [Line Items]
Fair Value Inputs, Probability of Default	0.23%
Fair Value Inputs, Loss Severity	0.00%
Collateralized Debt Obligations [Member] | Maximum [Member]
Investment Securities [Line Items]
Fair Value Inputs, Probability of Default	0.47%
Fair Value Inputs, Loss Severity	100.00%

Note 6 - Trading Securities (De

Note 6 - Trading Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule Of Trading Securities And Other Trading Assets [Line Items]
State and municipal securities	$ 2,358	$ 3,596
US States and Political Subdivisions Debt Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
State and municipal securities	$ 2,358	$ 3,596

Note 6 - Investment Securitie37

Note 6 - Investment Securities Available-for-sale (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	$ 382,296	$ 390,475
Investment securities available-for-sale, gross unrealized holding gains	1,759	2,186
Investment securities available-for-sale, gross unrealized holding losses	(6,952)	(7,879)
Investment securities available-for-sale, amortized cost	387,489	396,168
US Government Agencies Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	70,646	76,650
Investment securities available-for-sale, gross unrealized holding gains	25	36
Investment securities available-for-sale, gross unrealized holding losses	(1,847)	(2,118)
Investment securities available-for-sale, amortized cost	72,468	78,732
US States and Political Subdivisions Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	75,728	72,295
Investment securities available-for-sale, gross unrealized holding gains	714	614
Investment securities available-for-sale, gross unrealized holding losses	(272)	(398)
Investment securities available-for-sale, amortized cost	75,286	72,079
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	142,230	145,301
Investment securities available-for-sale, gross unrealized holding gains	448	561
Investment securities available-for-sale, gross unrealized holding losses	(2,080)	(2,241)
Investment securities available-for-sale, amortized cost	143,862	146,981
Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	77,106	77,415
Investment securities available-for-sale, gross unrealized holding gains	67	109
Investment securities available-for-sale, gross unrealized holding losses	(1,775)	(1,846)
Investment securities available-for-sale, amortized cost	78,814	79,152
Collateralized Debt Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	2,423	2,281
Investment securities available-for-sale, gross unrealized holding gains	295	263
Investment securities available-for-sale, gross unrealized holding losses	(748)	(891)
Investment securities available-for-sale, amortized cost	2,876	2,909
Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	8,056	8,030
Investment securities available-for-sale, gross unrealized holding gains	29	16
Investment securities available-for-sale, gross unrealized holding losses	(40)	(57)
Investment securities available-for-sale, amortized cost	8,067	8,071
Equity Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale	6,107	8,503
Investment securities available-for-sale, gross unrealized holding gains	181	587
Investment securities available-for-sale, gross unrealized holding losses	(190)	(328)
Investment securities available-for-sale, amortized cost	$ 6,116	$ 8,244

Note 6 - Investment Securitie38

Note 6 - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investments Debt And Equity Securities [Abstract]
Due in one year or less	$ 8,664
Due after one year through five years	171,182
Due after five years through ten years	176,653
Due after ten years	19,690
Equity securities	6,107
Total investment securities available-for-sale	382,296	$ 390,475
Due in one year or less	8,589
Due after one year through five years	172,475
Due after five years through ten years	180,017
Due after ten years	20,292
Equity securities	6,116
Investment securities available-for-sale, amortized cost	$ 387,489	$ 396,168

Note 6 - Gross Realized Losses

Note 6 - Gross Realized Losses on Equity and Debt Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gross realized gains	$ 803	$ 462
Gross realized losses	(54)	(73)
Total other-than-temporary impairment loss on investment securities	0	(70)
Net gain on investment securities	749	319
Equity Securities [Member]
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gross realized gains	725	382
Gross realized losses	0	0
Total other-than-temporary impairment loss on investment securities	0	(70)
Net gain on investment securities	725	312
Debt Securities [Member]
Schedule Of Gain Loss On Investments Including Marketable Securities And Investments Held At Cost Income Statement Reported Amounts Summary [Line Items]
Gross realized gains	78	80
Gross realized losses	(54)	(73)
Total other-than-temporary impairment loss on investment securities	0	0
Net gain on investment securities	$ 24	$ 7

Note 6 - Credit-related Other-t

Note 6 - Credit-related Other-than-temporary Impairment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Investments Debt And Equity Securities [Abstract]
Balance, beginning of period	$ 1,153	$ 1,153
Initial credit impairments	0	0
Subsequent credit impairments	0	0
Balance, end of period	$ 1,153	$ 1,153

Note 6 - Securities in a Contin

Note 6 - Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2017USD ($)security	Dec. 31, 2016USD ($)security
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	290	306
Securities in an unrealized loss position less than 12 months, fair value	$ 279,113	$ 288,833
Securities in an unrealized loss position less than 12 months, unrealized losses	(5,645)	(6,351)
Securities in an unrealized loss position 12 months or longer, fair value	16,895	18,266
Securities in an unrealized loss position 12 months or longer, unrealized losses	(1,307)	(1,528)
Securities in an unrealized loss position, fair value	296,008	307,099
Securities in an unrealized loss position, unrealized losses	$ (6,952)	$ (7,879)
US Government Agencies Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	50	55
Securities in an unrealized loss position less than 12 months, fair value	$ 66,631	$ 72,626
Securities in an unrealized loss position less than 12 months, unrealized losses	(1,847)	(2,118)
Securities in an unrealized loss position, fair value	66,631	72,626
Securities in an unrealized loss position, unrealized losses	$ (1,847)	$ (2,118)
US States and Political Subdivisions Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	66	70
Securities in an unrealized loss position less than 12 months, fair value	$ 26,959	$ 29,280
Securities in an unrealized loss position less than 12 months, unrealized losses	(272)	(398)
Securities in an unrealized loss position, fair value	26,959	29,280
Securities in an unrealized loss position, unrealized losses	$ (272)	$ (398)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	87	88
Securities in an unrealized loss position less than 12 months, fair value	$ 120,209	$ 123,087
Securities in an unrealized loss position less than 12 months, unrealized losses	(2,080)	(2,241)
Securities in an unrealized loss position, fair value	120,209	123,087
Securities in an unrealized loss position, unrealized losses	$ (2,080)	$ (2,241)
Collateralized Mortgage Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	70	68
Securities in an unrealized loss position less than 12 months, fair value	$ 59,295	$ 56,853
Securities in an unrealized loss position less than 12 months, unrealized losses	(1,236)	(1,269)
Securities in an unrealized loss position 12 months or longer, fair value	14,644	15,426
Securities in an unrealized loss position 12 months or longer, unrealized losses	(539)	(577)
Securities in an unrealized loss position, fair value	73,939	72,279
Securities in an unrealized loss position, unrealized losses	$ (1,775)	$ (1,846)
Collateralized Debt Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	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	2,068	1,952
Securities in an unrealized loss position 12 months or longer, unrealized losses	(748)	(891)
Securities in an unrealized loss position, fair value	2,068	1,952
Securities in an unrealized loss position, unrealized losses	$ (748)	$ (891)
Corporate Debt Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	4	4
Securities in an unrealized loss position less than 12 months, fair value	$ 4,015	$ 4,002
Securities in an unrealized loss position less than 12 months, unrealized losses	(40)	(57)
Securities in an unrealized loss position, fair value	4,015	4,002
Securities in an unrealized loss position, unrealized losses	$ (40)	$ (57)
Equity Securities [Member]
Schedule Of Available For Sale Securities [Line Items]
No. of securities | security	8	16
Securities in an unrealized loss position less than 12 months, fair value	$ 2,004	$ 2,985
Securities in an unrealized loss position less than 12 months, unrealized losses	(170)	(268)
Securities in an unrealized loss position 12 months or longer, fair value	183	888
Securities in an unrealized loss position 12 months or longer, unrealized losses	(20)	(60)
Securities in an unrealized loss position, fair value	2,187	3,873
Securities in an unrealized loss position, unrealized losses	$ (190)	$ (328)

Note 6 - Pooled Trust Preferred

Note 6 - Pooled Trust Preferred Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)bankInsuranceCompany	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, amortized cost	$ 387,489		$ 396,168
Fair value	382,296		390,475
Total recognized OTTI credit loss	$ 0	$ (70)
PreTSL IV [Member]
Schedule Of Available For Sale Securities [Line Items]
Class	Mezzanine*
Investment securities available-for-sale, amortized cost	$ 242
Fair value	188
Unrealized gains (losses)	(54)
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ (1)
Moody's/Fitch ratings	B1/BB
Current number of performing banks | bank	5
Current number of performing insurance companies | InsuranceCompany	0
Actual deferrals and defaults as a % of total collateral	18.00%
Total performing collateral as a % of outstanding bonds	141.60%
PreTSL XVII [Member]
Schedule Of Available For Sale Securities [Line Items]
Class	Mezzanine
Investment securities available-for-sale, amortized cost	$ 588
Fair value	486
Unrealized gains (losses)	(102)
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ (222)
Moody's/Fitch ratings	C/CC
Current number of performing banks | bank	34
Current number of performing insurance companies | InsuranceCompany	5
Actual deferrals and defaults as a % of total collateral	21.70%
Total performing collateral as a % of outstanding bonds	100.30%
PreTSL XIX [Member]
Schedule Of Available For Sale Securities [Line Items]
Class	Mezzanine
Investment securities available-for-sale, amortized cost	$ 837
Fair value	498
Unrealized gains (losses)	(339)
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ 0
Moody's/Fitch ratings	Caa1/CC
Current number of performing banks | bank	41
Current number of performing insurance companies | InsuranceCompany	12
Actual deferrals and defaults as a % of total collateral	6.90%
Total performing collateral as a % of outstanding bonds	103.10%
PreTSL XXV [Member]
Schedule Of Available For Sale Securities [Line Items]
Class	Mezzanine
Investment securities available-for-sale, amortized cost	$ 766
Fair value	541
Unrealized gains (losses)	(225)
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ (222)
Moody's/Fitch ratings	Ca/C
Current number of performing banks | bank	44
Current number of performing insurance companies | InsuranceCompany	5
Actual deferrals and defaults as a % of total collateral	24.20%
Total performing collateral as a % of outstanding bonds	89.90%
PreTSL XXVI [Member] | Security One [Member]
Schedule Of Available For Sale Securities [Line Items]
Class	Mezzanine
Investment securities available-for-sale, amortized cost	$ 383
Fair value	355
Unrealized gains (losses)	(28)
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ (270)
Moody's/Fitch ratings	Caa3/C
Current number of performing banks | bank	44
Current number of performing insurance companies | InsuranceCompany	7
Actual deferrals and defaults as a % of total collateral	18.20%
Total performing collateral as a % of outstanding bonds	98.10%
PreTSL XXVI [Member] | Security Two [Member]
Schedule Of Available For Sale Securities [Line Items]
Class	Mezzanine
Investment securities available-for-sale, amortized cost	$ 60
Fair value	355
Unrealized gains (losses)	295
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ (438)
Moody's/Fitch ratings	Caa3/C
Current number of performing banks | bank	44
Current number of performing insurance companies | InsuranceCompany	7
Actual deferrals and defaults as a % of total collateral	18.20%
Total performing collateral as a % of outstanding bonds	98.10%
Collateralized Debt Obligations [Member]
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, amortized cost	$ 2,876		2,909
Fair value	2,423		$ 2,281
Unrealized gains (losses)	(453)
Realized OTTI credit loss	0
Total recognized OTTI credit loss	$ (1,153)

Note 7 - Major Classes of Loans

Note 7 - Major Classes of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	$ 658,905	$ 632,999
Net unearned costs	134	80
Loans receivable	659,039	633,079
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	120,344	110,233
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	40,244	39,268
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	268,051	255,188
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	68,681	68,731
State and Political Subdivisions Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	35,523	35,260
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	6,317	5,670
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	48,158	47,124
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans and leases receivable	$ 71,587	$ 71,525

Note 7 - Loans & Allowance fo44

Note 7 - Loans & Allowance for Loan Losses (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)contractloan	Mar. 31, 2016USD ($)contract	Dec. 31, 2016USD ($)
Accounts Notes And Loans Receivable [Line Items]
Bank Overdrafts	$ 118,000		$ 171,000
Financing Receivable, Modifications, Recorded Investment	$ 4,956,000		5,374,000
Number of TDRs | contract	0	9
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 925,000		30,000
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 3,000	$ 0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | contract	0	0
Consumer Mortgage Loan on Real Estate Number of Loan in Foreclosure | loan	3
Performing Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Modifications, Recorded Investment	$ 1,425,000		1,819,000
Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, Modifications, Recorded Investment	3,531,000		$ 3,555,000
Residential Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Consumer Mortgage Loans in Process of Foreclosure, Amount	$ 516,000
Residential Portfolio Segment [Member] | Maximum [Member]
Accounts Notes And Loans Receivable [Line Items]
Loan to Value Ratio	80.00%

Note 7 - Internal Risk Ratings

Note 7 - Internal Risk Ratings and Payment Activity (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 658,905	$ 632,999
Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	532,843	508,680
Pass [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	504,618	480,374
Special Mention [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	9,958	6,102
Substandard [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	18,267	22,204
Doubtful [Member] | Excluding Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	120,344	110,233
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	40,244	39,268
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	268,051	255,188
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	68,681	68,731
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	110,818	102,396
Commercial Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	40,237	39,259
Commercial Portfolio Segment [Member] | Pass [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	252,137	238,290
Commercial Portfolio Segment [Member] | Pass [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	65,903	65,169
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	4,598	686
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Special Mention [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	5,131	5,185
Commercial Portfolio Segment [Member] | Special Mention [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	229	231
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	4,928	7,151
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	7	9
Commercial Portfolio Segment [Member] | Substandard [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	10,783	11,713
Commercial Portfolio Segment [Member] | Substandard [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	2,549	3,331
Commercial Portfolio Segment [Member] | Doubtful [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	35,523	35,260
State and Political Subdivisions Portfolio Segment [Member] | Pass [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	35,523	35,260
State and Political Subdivisions Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member] | Substandard [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	0	0
State and Political Subdivisions Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 0	$ 0

Note 7 - Retail Loans by Credit

Note 7 - Retail Loans by Credit Quality (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 658,905	$ 632,999
Total Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	126,062	124,319
Performing Financial Instruments [Member] | Total Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	125,161	123,871
Nonperforming Financial Instruments [Member] | Total Retail Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	901	448
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	6,317	5,670
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	48,158	47,124
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	71,587	71,525
Retail Portfolio Segment [Member] | Performing Financial Instruments [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	6,226	5,577
Retail Portfolio Segment [Member] | Performing Financial Instruments [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	47,418	46,858
Retail Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	71,517	71,436
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	91	93
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	740	266
Retail Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment [Line Items]
Loans and leases receivable	$ 70	$ 89

Note 7 - Past Due Loans (Detail

Note 7 - Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	$ 8,618	$ 4,937
Loans current	650,287	628,062
Loans and leases receivable	658,905	632,999
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	7,790	2,321
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	61	735
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	767	1,881
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	5,758	463
Loans current	114,586	109,770
Loans and leases receivable	120,344	110,233
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	5,758	463
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	214
Loans current	40,244	39,054
Loans and leases receivable	40,244	39,268
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	214
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	798	2,055
Loans current	267,253	253,133
Loans and leases receivable	268,051	255,188
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	705	64
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	395
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	93	1,596
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	337	285
Loans current	68,344	68,446
Loans and leases receivable	68,681	68,731
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	179	0
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	158	285
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	76	0
Loans current	35,447	35,260
Loans and leases receivable	35,523	35,260
State and Political Subdivisions Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	76	0
State and Political Subdivisions Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
State and Political Subdivisions Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	0
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	1,356	1,782
Loans current	46,802	45,342
Loans and leases receivable	48,158	47,124
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	875	1,459
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	0	323
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	481	0
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	253	122
Loans current	71,334	71,403
Loans and leases receivable	71,587	71,525
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	168	107
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	50	15
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	35	0
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	40	16
Loans current	6,277	5,654
Loans and leases receivable	6,317	5,670
Retail Portfolio Segment [Member] | Consumer Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	29	14
Retail Portfolio Segment [Member] | Consumer Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	11	2
Retail Portfolio Segment [Member] | Consumer Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans past due	$ 0	$ 0

Note 7 - Non-accrual Loans (Det

Note 7 - Non-accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	$ 0	$ 0
Loans receivable	9,598	10,119
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	4,670	4,798
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	0	0
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	2,215	3,007
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	1,812	1,866
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	0	0
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	91	93
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	740	266
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Loans receivable	0	0
Loans receivable	$ 70	$ 89

Note 7 - Allowance for Loan Los

Note 7 - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	$ 7,394	$ 7,554
Provision for (credit to) loan losses	300	125
Charge-offs	(24)	(166)
Recoveries	49	43
Allowance for loan losses, end of period	7,719	7,556
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	1,459	1,521
Provision for (credit to) loan losses	507	(56)
Charge-offs	0	(140)
Recoveries	12	9
Allowance for loan losses, end of period	1,978	1,334
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	449	286
Provision for (credit to) loan losses	14	66
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	463	352
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	2,646	2,411
Provision for (credit to) loan losses	(71)	(121)
Charge-offs	0	0
Recoveries	2	2
Allowance for loan losses, end of period	2,577	2,292
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	1,760	1,812
Provision for (credit to) loan losses	(436)	(140)
Charge-offs	(3)	0
Recoveries	23	18
Allowance for loan losses, end of period	1,344	1,690
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	123	222
Provision for (credit to) loan losses	1	(26)
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	124	196
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	76	76
Provision for (credit to) loan losses	13	1
Charge-offs	(21)	(17)
Recoveries	9	9
Allowance for loan losses, end of period	77	69
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	366	350
Provision for (credit to) loan losses	49	2
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	415	352
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	353	428
Provision for (credit to) loan losses	(14)	(81)
Charge-offs	0	0
Recoveries	3	5
Allowance for loan losses, end of period	342	352
Unallocated Financing Receivables [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period	162	284
Provision for (credit to) loan losses	237	427
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses, end of period	$ 399	711
Finance Leases Portfolio Segment [Member]
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for loan losses, beginning of period		164
Provision for (credit to) loan losses		53
Charge-offs		(9)
Recoveries		0
Allowance for loan losses, end of period		$ 208

Note 7 - Specific Reserve for L

Note 7 - Specific Reserve for Loans Modified as TDR's (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
TDRs with no specific allowance recorded - unpaid principal balance	$ 3,653	$ 3,992
TDRs with an allowance recorded - unpaid principal balance	1,303	1,382
Unpaid principal balance	4,956	5,374
TDRs with an allowance recorded - related allowance	$ 395	$ 761

Note 7 - Loans by Loan Class Mo

Note 7 - Loans by Loan Class Modified as TDRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017contract	Mar. 31, 2016USD ($)contract
Financing Receivable Modifications [Line Items]
Number of contracts | contract	0	9
Pre-modification outstanding recorded investment		$ 1,557
Post-modification outstanding recorded investment		$ 1,529
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Number of contracts | contract		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]
Financing Receivable Modifications [Line Items]
Number of contracts | contract		3
Pre-modification outstanding recorded investment		$ 483
Post-modification outstanding recorded investment		$ 479

Note 7 - Loans Disaggregated by

Note 7 - Loans Disaggregated by Impairment Method (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	$ 7,719	$ 7,394	$ 7,556	$ 7,554
Allowance for loan losses - individually evaluated for impairment	1,073	1,198
Allowance for loan losses - collectively evaluated for impairment	6,247	6,034
Loans and leases receivable	658,905	632,999
Loans - individually evaluated for impairment	13,929	15,006
Loans - collectively evaluated for impairment	644,976	617,993
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	1,978	1,459	1,334	1,521
Allowance for loan losses - individually evaluated for impairment	841	696
Allowance for loan losses - collectively evaluated for impairment	1,137	763
Loans and leases receivable	120,344	110,233
Loans - individually evaluated for impairment	4,877	5,134
Loans - collectively evaluated for impairment	115,467	105,099
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	463	449	352	286
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	463	449
Loans and leases receivable	40,244	39,268
Loans - individually evaluated for impairment	7	224
Loans - collectively evaluated for impairment	40,237	39,044
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	2,577	2,646	2,292	2,411
Allowance for loan losses - individually evaluated for impairment	52	0
Allowance for loan losses - collectively evaluated for impairment	2,525	2,646
Loans and leases receivable	268,051	255,188
Loans - individually evaluated for impairment	5,532	6,383
Loans - collectively evaluated for impairment	262,519	248,805
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	1,344	1,760	1,690	1,812
Allowance for loan losses - individually evaluated for impairment	176	494
Allowance for loan losses - collectively evaluated for impairment	1,168	1,266
Loans and leases receivable	68,681	68,731
Loans - individually evaluated for impairment	2,249	2,313
Loans - collectively evaluated for impairment	66,432	66,418
State and Political Subdivisions Portfolio Segment [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	124	123	196	222
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	124	123
Loans and leases receivable	35,523	35,260
Loans - individually evaluated for impairment	0	0
Loans - collectively evaluated for impairment	35,523	35,260
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	77	76	69	76
Allowance for loan losses - individually evaluated for impairment	0	0
Allowance for loan losses - collectively evaluated for impairment	77	76
Loans and leases receivable	6,317	5,670
Loans - individually evaluated for impairment	91	93
Loans - collectively evaluated for impairment	6,226	5,577
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	415	366	352	350
Allowance for loan losses - individually evaluated for impairment	4	8
Allowance for loan losses - collectively evaluated for impairment	411	358
Loans and leases receivable	48,158	47,124
Loans - individually evaluated for impairment	1,081	748
Loans - collectively evaluated for impairment	47,077	46,376
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	342	353	352	428
Allowance for loan losses - individually evaluated for impairment	0
Allowance for loan losses - collectively evaluated for impairment	342	353
Loans and leases receivable	71,587	71,525
Loans - individually evaluated for impairment	92	111
Loans - collectively evaluated for impairment	71,495	71,414
Unallocated Financing Receivables [Member]
Credit Losses Related To Financing Receivables Current And Noncurrent [Line Items]
Allowance for loan losses	$ 399	$ 162	$ 711	$ 284

Note 7 - Impaired Loans (Detail

Note 7 - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	$ 9,853		$ 10,909
Unpaid principal balance - with no specific allowance	11,178		11,759
Recorded investment - with an allowance	4,076		4,097
Unpaid principal balance - with an allowance	4,404		4,440
Related allowance	1,073		1,198
Unpaid principal balance	15,582		16,199
Recorded investment	13,929		15,006
Average recorded investment	14,569	$ 14,430
Interest income recognized	58	64
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	2,313		2,482
Unpaid principal balance - with no specific allowance	2,659		2,862
Recorded investment - with an allowance	2,564		2,652
Unpaid principal balance - with an allowance	2,742		2,812
Related allowance	841		696
Unpaid principal balance	5,401		5,674
Recorded investment	4,877		5,134
Average recorded investment	4,995	4,570
Interest income recognized	5	19
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	7		224
Unpaid principal balance - with no specific allowance	7		234
Recorded investment - with an allowance	0		0
Unpaid principal balance - with an allowance	0		0
Related allowance	0		0
Unpaid principal balance	7		234
Recorded investment	7		224
Average recorded investment	146	382
Interest income recognized	2	4
Commercial Portfolio Segment [Member] | Secured by Commercial Real Estate [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	5,422		6,383
Unpaid principal balance - with no specific allowance	5,929		6,367
Recorded investment - with an allowance	110		0
Unpaid principal balance - with an allowance	112		0
Related allowance	52		0
Unpaid principal balance	6,041		6,367
Recorded investment	5,532		6,383
Average recorded investment	6,128	6,554
Interest income recognized	40	34
Commercial Portfolio Segment [Member] | Secured by Residential Real Estate [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	1,020		1,046
Unpaid principal balance - with no specific allowance	1,430		1,438
Recorded investment - with an allowance	1,229		1,267
Unpaid principal balance - with an allowance	1,360		1,435
Related allowance	176		494
Unpaid principal balance	2,790		2,873
Recorded investment	2,249		2,313
Average recorded investment	2,278	2,070
Interest income recognized	7	4
State and Political Subdivisions Portfolio Segment [Member]
Financing Receivable Impaired [Line Items]
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
Unpaid principal balance	0		0
Recorded investment	0		0
Average recorded investment	0	0
Interest income recognized	0	0
Retail Portfolio Segment [Member] | Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	91		93
Unpaid principal balance - with no specific allowance	93		95
Recorded investment - with an allowance	0		0
Unpaid principal balance - with an allowance	0		0
Related allowance	0		0
Unpaid principal balance	93		95
Recorded investment	91		93
Average recorded investment	92	0
Interest income recognized	0	0
Retail Portfolio Segment [Member] | Family Residential Mortgages [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	908		570
Unpaid principal balance - with no specific allowance	928		589
Recorded investment - with an allowance	173		178
Unpaid principal balance - with an allowance	190		193
Related allowance	4		8
Unpaid principal balance	1,118		782
Recorded investment	1,081		748
Average recorded investment	829	580
Interest income recognized	4	3
Retail Portfolio Segment [Member] | Home Equity Loans and Lines [Member]
Financing Receivable Impaired [Line Items]
Recorded investment - with no specific allowance	92		111
Unpaid principal balance - with no specific allowance	132		174
Recorded investment - with an allowance	0		0
Unpaid principal balance - with an allowance	0		0
Related allowance	0		0
Unpaid principal balance	132		174
Recorded investment	92		$ 111
Average recorded investment	101	145
Interest income recognized	0	0
Finance Leases Portfolio Segment [Member]
Financing Receivable Impaired [Line Items]
Average recorded investment	0	129
Interest income recognized	$ 0	$ 0

Note 8 - Financial Assets Measu

Note 8 - Financial Assets Measured at Fair Value on a Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading Securities	$ 2,358	$ 3,596
Investment securities available-for-sale	382,296	390,475
Recurring fair value measurements	384,654	394,071
Nonrecurring fair value measurements	3,046	2,957
Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Nonrecurring fair value measurements	3,003	2,899
Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Nonrecurring fair value measurements	43	58
Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	6,107	8,503
Recurring fair value measurements	6,107	8,503
Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading Securities	2,358	3,596
Investment securities available-for-sale	373,766	379,691
Recurring fair value measurements	376,124	383,287
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	2,423	2,281
Recurring fair value measurements	2,423	2,281
Nonrecurring fair value measurements	3,046	2,957
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Nonrecurring fair value measurements	3,003	2,899
Fair Value, Inputs, Level 3 [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Nonrecurring fair value measurements	43	58
US Government Agencies Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	70,646	76,650
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	70,646	76,650
US States and Political Subdivisions Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Trading Securities	2,358	3,596
Investment securities available-for-sale	75,728	72,295
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	75,728	72,295
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	142,230	145,301
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	142,230	145,301
Collateralized Mortgage Obligations [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	77,106	77,415
Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	77,106	77,415
Pooled Trust Preferred Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	2,423	2,281
Pooled Trust Preferred Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	2,423	2,281
Corporate Debt Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	8,056	8,030
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	8,056	8,030
Equity Securities [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	6,107	8,503
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 6,107	$ 8,503

Note 8 - Fair Value Measureme55

Note 8 - Fair Value Measurements and Disclosures (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)security	Mar. 31, 2016USD ($)
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Loss Severity	95.00%
Minimum Cost Saving for Refinance	2.00%
Collateralized Debt Obligations [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number Of Trust Preferred Securities | security	6
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | $	$ 0	$ 0
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Number Of Trust Preferred Securities | security	6
Maximum [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Loss Severity	100.00%
Minimum [Member] | Collateralized Debt Obligations [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Loss Severity	0.00%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings | $	$ 0
Fair Value Inputs, Loss Severity	95.00%
Minimum Cost Saving for Refinance	2.00%
Debt Instrument, Basis Spread on Variable Rate	7.72%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Debt Instrument, Basis Spread on Variable Rate	5.18%

Note 8 - Quantitative Informati

Note 8 - Quantitative Information about Assets Measured at Fair Value (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		$ 3,046	$ 2,957
Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		3,003	2,899
Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		43	58
Fair Value, Inputs, Level 3 [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		3,046	2,957
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		$ 3,003	2,899
Nonrecurring fair value liquidation inputs	[1]	(10.00%)
Fair Value, Inputs, Level 3 [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		$ 43	58
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements	[2]	$ 1,281	$ 938
Nonrecurring fair value liquidation inputs	[1],[2]		(10.00%)
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[2],[3]	10.00%	10.00%
Fair Value, Inputs, Level 3 [Member] | Appraisal Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[2],[3]	80.00%	80.00%
Fair Value, Inputs, Level 3 [Member] | Commercial Vehicle and Equipment Guides Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements	[4]	$ 24	$ 76
Fair Value, Inputs, Level 3 [Member] | Commercial Vehicle and Equipment Guides Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[4]	0.00%	0.00%
Fair Value, Inputs, Level 3 [Member] | Commercial Vehicle and Equipment Guides Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[4]	25.00%	25.00%
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements	[5]	$ 1,698	$ 1,880
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[5]	20.00%	20.00%
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs	[5]	50.00%	50.00%
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Mortgage Servicing Rights [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements		$ 43	$ 58
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Mortgage Servicing Rights [Member] | Minimum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs		14.00%	14.00%
Nonrecurring fair value expected term		2 years	2 years
Fair Value, Inputs, Level 3 [Member] | Discounted Cash Flow Valuation Technique [Member] | Mortgage Servicing Rights [Member] | Maximum [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value range of value inputs		16.00%	16.00%
Nonrecurring fair value expected term		27 years	27 years
Fair Value, Inputs, Level 3 [Member] | Agreement of Sale [Member] | Impaired Loans [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Nonrecurring fair value measurements	[6]		$ 5
[1]	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.
[2]	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.
[3]	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.
[4]	If lendable value (lower than wholesale) is utilized then no additional discounts are taken. If lendable value is not provided, 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 net amount due.

Note 8 - Available-for-sale Sec

Note 8 - Available-for-sale Securities Measured at Fair Value Using Significant Unobservable Inputs (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, January 1,	$ 2,281	$ 2,653
Payments received	(34)	(71)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	0	0
Included in other comprehensive income	176	73
Transfers in and/or out of Level 3	0	0
Balance, March 31,	$ 2,423	$ 2,655

Note 8 - Financial and Off-bala

Note 8 - Financial and Off-balance Sheet Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 20,542	$ 10,721	$ 32,138	$ 16,991
Trading	2,358	3,596
Investment securities available-for-sale	382,296	390,475
Restricted investment in bank stocks	910	1,017
Loans held-for-sale	903	789
Net loans	651,320	625,685
Mortgage servicing rights	494	498
Accrued interest receivable	2,774	3,128
Deposits with no stated maturities	942,891	913,355
Short-term borrowings	45,265	52,660
Accrued interest payable	303	335
Cash and cash equivalents	20,542	10,721
Restricted investment in bank stocks	910	1,017
Loans held-for-sale	925	789
Net loans	649,870	626,052
Mortgage servicing rights	595	579
Accrued interest receivable	2,774	3,128
Short-term borrowings	45,265	52,660
Accrued interest payable	303	335
Fair Value, Inputs, Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment securities available-for-sale	6,107	8,503
Cash and cash equivalents	20,542	10,721
Short-term borrowings	45,265	52,660
Fair Value, Inputs, Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Trading	2,358	3,596
Investment securities available-for-sale	373,766	379,691
Restricted investment in bank stocks	910	1,017
Loans held-for-sale	925	789
Accrued interest receivable	2,774	3,128
Accrued interest payable	303	335
Fair Value, Inputs, Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Investment securities available-for-sale	2,423	2,281
Net loans	649,870	626,052
Mortgage servicing rights	595	579
With No Stated Maturities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits with no stated maturities	716,424	687,773
Deposits with no stated maturities	716,424	687,773
With No Stated Maturities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits with no stated maturities	716,424	687,773
With Stated Maturities [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits with no stated maturities	226,467	225,582
Deposits with no stated maturities	225,847	225,403
With Stated Maturities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Deposits with no stated maturities	$ 225,847	$ 225,403

Note 9 - Financial Instrument C

Note 9 - Financial Instrument Commitments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Commitments And Contingencies Disclosure [Line Items]
Commitments to extend credit and unused lines of credit	$ 291,651	$ 293,706
Commitments to Extend Credit [Member]
Commitments And Contingencies Disclosure [Line Items]
Commitments to extend credit and unused lines of credit	277,444	277,216
Standby Letters of Credit [Member]
Commitments And Contingencies Disclosure [Line Items]
Commitments to extend credit and unused lines of credit	$ 14,207	$ 16,490

Note 9 - Financial Instrument60

Note 9 - Financial Instrument Commitments (Details Textual)	3 Months Ended
	Mar. 31, 2017
Maximum [Member]
Commitments And Contingencies Disclosure [Line Items]
Standby letters of credit expiration period	3 years

Note 10 - Capital Ratios and Re

Note 10 - Capital Ratios and Regulatory Minimum Requirements (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Consolidated Entities [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital	$ 107,237	$ 104,820
Tier 1 capital	99,459	97,320
Common equity tier 1 capital	99,459	97,320
Tier 1 leverage capital	$ 99,459	$ 97,320
Capital to risk-weighted assets	12.77%	12.75%
Tier 1 capital to risk-weighted assets	11.84%	11.84%
Common equity tier 1 capital to risk-weighted assets	11.84%	11.84%
Tier 1 leverage capital to average assets	9.24%	9.16%
Capital required for capital adequacy	$ 67,195	$ 65,777
Tier 1 capital required for capital adequacy	50,396	49,333
Common equity tier 1 capital required for capital adequacy	37,797	36,999
Tier 1 leverage capital required for capital adequacy	$ 43,036	$ 42,479
Capital required for capital adequacy to risk-weighted assets	8.00%	8.00%
Tier 1 capital required for capital adequacy to risk-weighted assets	6.00%	6.00%
Common equity tier 1 capital required for capital adequacy to risk-weighted assets	4.50%	4.50%
Tier 1 leverage capital required for capital adequacy to average assets	4.00%	4.00%
Capital required to be well capitalized	$ 83,993	$ 82,221
Tier 1 capital required to be well capitalized	$ 50,396	$ 49,333
Capital required to be well capitalized to risk-weighted assets	10.00%	10.00%
Tier 1 capital required to be well capitalized to risk-weighted assets	6.00%	6.00%
Bank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital	$ 98,389	$ 96,478
Tier 1 capital	90,611	89,025
Common equity tier 1 capital	90,611	89,025
Tier 1 leverage capital	$ 90,611	$ 89,025
Capital to risk-weighted assets	11.98%	12.10%
Tier 1 capital to risk-weighted assets	11.04%	11.16%
Common equity tier 1 capital to risk-weighted assets	11.04%	11.16%
Tier 1 leverage capital to average assets	8.49%	8.45%
Capital required for capital adequacy	$ 65,682	$ 63,792
Tier 1 capital required for capital adequacy	49,262	47,844
Common equity tier 1 capital required for capital adequacy	36,946	35,883
Tier 1 leverage capital required for capital adequacy	$ 42,683	$ 42,144
Capital required for capital adequacy to risk-weighted assets	8.00%	8.00%
Tier 1 capital required for capital adequacy to risk-weighted assets	6.00%	6.00%
Common equity tier 1 capital required for capital adequacy to risk-weighted assets	4.50%	4.50%
Tier 1 leverage capital required for capital adequacy to average assets	4.00%	4.00%
Capital required to be well capitalized	$ 82,103	$ 79,740
Tier 1 capital required to be well capitalized	65,682	63,792
Common equity tier 1 capital required to be well capitalized	53,367	51,831
Tier 1 leverage capital required to be well capitalized	$ 53,353	$ 52,680
Capital required to be well capitalized to risk-weighted assets	10.00%	10.00%
Tier 1 capital required to be well capitalized to risk-weighted assets	8.00%	8.00%
Common equity tier 1 capital required to be well capitalized to risk-weighted assets	6.50%	6.50%
Tier 1 leverage capital required to be well capitalized to average assets	5.00%	5.00%