Note 4 - Loans
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]
(4)
Loans
Loan balances outstanding as of
December
31
consist of the following
(000s
omitted):
 
 
 
2016
 
 
2015
 
Residential real estate loans
 
$
216,436
 
   $
213,989
 
Commercial real estate loans
 
 
252,169
 
    
243,220
 
Construction real estate loans
 
 
19,454
 
    
15,919
 
Agriculture and agricultural real estate loans
 
 
21,518
 
    
19,243
 
Commercial and industrial loans
 
 
96,761
 
    
84,438
 
Loans to individuals for household, family, and other personal expenditures
 
 
45,999
 
    
40,499
 
Total loans, gross
 
$
652,337
 
   $
617,308
 
Less: Allowance for loan losses
 
 
8,458
 
    
10,896
 
 
 
$
643,879
 
   $
606,412
 
 
Included in Loans are loans to certain officers, directors, and companies in which such officers and directors have
10
percent or more beneficial ownership in the aggregate amount of
$5,654,000
and
$4,058,000
at
December
31,
2016
and
2015,
respectively. In
2016,
new loans and other additions amounted to
$2,202,000,
and repayments and other reductions amounted to
$607,000.
In
2015,
new loans and other additions amounted to
$1,546,000,
and repayments and other reductions amounted to
$301,000.
In Management’s judgment, these loans were made on substantially the same terms and conditions as those made to other borrowers, and do not represent more than the normal risk of collectibility or present other unfavorable features.
 
No
loans were pledged to secure debt or for any other purposes as of
December
31,
2016
and
December
31,
2015.