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Note 6 - Interest Rate Swap Derivatives (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Schedule of Derivative Instruments [Table Text Block]

		Swap				Notional							Balance Sheet
September 30, 2016		Number				Amount				Fair Value			Category		Receive Rate		Pay Rate			Maturity
(dollars in thousands)
Interest rate swap			(1	)		$	75,000			$	(1,877	)	Other Liabilities		1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points			1.71	%	March 31, 2020
Interest rate swap			(2	)			100,000				(3,901	)	Other Liabilities		Federal Funds Effective Rate +10 basis points			1.74	%	April 15, 2021
Interest rate swap			(3	)			75,000				(3,252	)	Other Liabilities		1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points			1.92	%	March 31, 2022
		Total					250,000				(9,030	)

		Swap				Notional							Balance Sheet
December 31, 2015		Number				Amount				Fair Value			Category		Receive Rate		Pay Rate			Maturity
(dollars in thousands)
Interest rate swap			(1	)		$	75,000			$	(368	)	Other Liabilities		1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points			1.71	%	March 31, 2020
Interest rate swap			(2	)			100,000				(665	)	Other Liabilities		Federal Funds Effective Rate +10 basis points			1.74	%	April 15, 2021
Interest rate swap			(3	)			75,000				(384	)	Other Liabilities		1 month USD-LIBOR-BBA w/ -1 day lookback +10 basis points			1.92	%	March 31, 2022
		Total					250,000				(1,417	)

Derivative Instruments, Gain (Loss) [Table Text Block]

						Nine Months Ended September 30, 2016
						Effective Portion								Ineffective Portion
									Reclassified from AOCI					Recognized in Income
						Amount of			into income					on Derivatives
		Swap				Pre-tax gain (loss)					Amount of					Amount of
		Number				Recognized in OCI			Category		Gain (Loss)			Category		Gain (Loss)
(dollars in thousands)
Interest rate swap			(1	)		$	(1,877	)	Interest Expense		$	(429	)	Other Expense		$	-
Interest rate swap			(2	)			(3,901	)	Interest Expense			(581	)	Other Expense			-
Interest rate swap			(3	)			(3,252	)	Interest Expense			(508	)	Other Expense			-
		Total				$	(9,030	)			$	(1,518	)			$	-

						Year Ended December 31, 2015
						Effective Portion								Ineffective Portion
									Reclassified from AOCI					Recognized in Income
						Amount of			into income					on Derivatives
		Swap				Pre-tax gain (loss)					Amount of					Amount of
		Number				Recognized in OCI			Category		Gain (Loss)			Category		Gain (Loss)
(dollars in thousands)
Interest rate swap			(1	)		$	(368	)			$	-				$	-
Interest rate swap			(2	)			(665	)				-					-
Interest rate swap			(3	)			(384	)				-					-
		Total				$	(1,417	)			$	-				$	-

X

- Definition

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