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Note 6 - Other Borrowed Funds | 3 Months Ended
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Mar. 31, 2013
Federal Home Loan Bank Advances, Disclosure [Text Block] | NOTE 6 - OTHER BORROWED FUNDS Other borrowed funds at March 31, 2013 and December 31, 2012 are comprised of advances from the Federal Home Loan Bank (“FHLB”) of Cincinnati and promissory notes.
|  | FHLB Borrowings |  |  | Promissory Notes |  |  | Totals |
March 31, 2013 |  | $ | 10,926 |  |  | $ | 3,526 |  |  | $ | 14,452 |
December 31, 2012 |  | $ | 10,759 |  |  | $ | 3,526 |  |  | $ | 14,285 |
Pursuant to collateral agreements with the FHLB, advances are secured by $203,773 in qualifying mortgage loans, $96,434 in commercial loans and $6,281 in FHLB stock at March 31, 2013. Fixed-rate FHLB advances of $10,926 mature through 2042 and have interest rates ranging from 1.53% to 3.31% and a year-to-date weighted average cost of 2.24%. There were no variable-rate FHLB borrowings at March 31, 2013. At March 31, 2013, the Company had a cash management line of credit enabling it to borrow up to $95,000 from the FHLB. All cash management advances have an original maturity of 90 days. The line of credit must be renewed on an annual basis. There was $95,000 available on this line of credit at March 31, 2013. Based on the Company's current FHLB stock ownership, total assets and pledgeable loans, the Company had the ability to obtain borrowings from the FHLB up to a maximum of $207,282 at March 31, 2013. Of this maximum borrowing capacity, the Company had $173,155 available to use as additional borrowings, of which $95,000 could be used for short-term, cash management advances, as mentioned above. Promissory notes, issued primarily by Ohio Valley, have fixed rates of 1.15% to 5.00% and are due at various dates through a final maturity date of December 8, 2014. At March 31, 2013, there were no promissory notes payable by Ohio Valley to related parties. Letters of credit issued on the Bank's behalf by the FHLB to collateralize certain public unit deposits as required by law totaled $23,200 at March 31, 2013 and $14,200 at December 31, 2012. Scheduled principal payments as of March 31, 2013:
|  | FHLB Borrowings |  |  | Promissory Notes |  |  | Totals |
2013 |  | $ | 1,161 |  |  | $ | 1,743 |  |  | $ | 2,904 |
2014 |  |  | 1,177 |  |  |  | 1,783 |  |  |  | 2,960 |
2015 |  |  | 1,080 |  |  |  | ---- |  |  |  | 1,080 |
2016 |  |  | 996 |  |  |  | ---- |  |  |  | 996 |
2017 |  |  | 924 |  |  |  | ---- |  |  |  | 924 |
Thereafter |  |  | 5,588 |  |  |  | ---- |  |  |  | 5,588 |
|  | $ | 10,926 |  |  | $ | 3,526 |  |  | $ | 14,452 |

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- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 47 -Paragraph 17 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Audit and Accounting Guide (AAG) -Number AAG-DEP -Paragraph 37 -IssueDate 2006-05-01 -Chapter 15 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher OTS -Name Federal Regulation (FR) -Number Title 12 -Section 563c.102 -Paragraph 15, 18 -Chapter V -Subsection I -LegacyDoc This is a non-GAAP reference that was included in the 2009 taxonomy. It will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 14 -Subparagraph h -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(a)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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