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Note 12 - Transactions With Related Parties | 12 Months Ended
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Dec. 31, 2016
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | NOTE 12: TRANSACTIONS WITH RELATED PARTIES At December 31, 2016 and 2015, the subsidiary bank had extensions of credit to executive officers and directors and to companies in which the subsidiary bank’s executive officers or directors were principal owners in the amount of $65.8 million in 2016 and $58.4 million in 2015.
(In thousands) |  | 2016 |  | 2015
Balance, beginning of year |  | $ | 58,404 |  |  | $ | 25,142 |
New extensions of credit |  |  | 18,298 |  |  |  | 48,529 |
Repayments |  |  | (10,868 | ) |  |  | (15,267 | )
Balance, end of year |  | $ | 65,834 |  |  | $ | 58,404 |
In management's opinion, such loans and other extensions of credit and deposits (which were not material) were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management's opinion, these extensions of credit did not involve more than the normal risk of collectability or present other unfavorable features.

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