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Note 3 - Securities | 6 Months Ended
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Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract] |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | N OTE 3 – SECURITIES The following table summarizes the amortized cost and estimated fair value of the available for sale and held to maturity securities portfolios at June 30, 2015 and December 31, 2014 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income for available for sale securities and gross unrecognized gains and losses for held to maturity securities:
Securities Available for Sale |  | Amortized Cost |  |  | Gross Unrealized Gains |  |  | Gross Unrealized Losses |  |  | Estimated Fair Value |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government sponsored entity securities |  | $ | 9,015 |  |  | $ | 3 |  |  | $ | (32 | ) |  | $ | 8,986 |
Agency mortgage-backed securities, residential |  |  | 75,144 |  |  |  | 1,342 |  |  |  | (509 | ) |  |  | 75,977 |
Total securities |  | $ | 84,159 |  |  | $ | 1,345 |  |  | $ | (541 | ) |  | $ | 84,963 |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government sponsored entity securities |  | $ | 9,019 |  |  | $ | 2 |  |  | $ | (104 | ) |  | $ | 8,917 |
Agency mortgage-backed securities, residential |  |  | 74,762 |  |  |  | 1,693 |  |  |  | (136 | ) |  |  | 76,319 |
Total securities |  | $ | 83,781 |  |  | $ | 1,695 |  |  | $ | (240 | ) |  | $ | 85,236 |
Securities Held to Maturity |  | Amortized Cost |  |  | Gross Unrecognized Gains |  |  | Gross Unrecognized Losses |  |  | Estimated Fair Value |
June 30, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 21,906 |  |  | $ | 798 |  |  | $ | (174 | ) |  | $ | 22,530 |
Agency mortgage-backed securities, residential |  |  | 8 |  |  |  | ---- |  |  |  | ---- |  |  |  | 8 |
Total securities |  | $ | 21,914 |  |  | $ | 798 |  |  | $ | (174 | ) |  | $ | 22,538 |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 22,811 |  |  | $ | 939 |  |  | $ | (189 | ) |  | $ | 23,561 |
Agency mortgage-backed securities, residential |  |  | 9 |  |  |  | ---- |  |  |  | ---- |  |  |  | 9 |
Total securities |  | $ | 22,820 |  |  | $ | 939 |  |  | $ | (189 | ) |  | $ | 23,570 |
The amortized cost and estimated fair value of the securities portfolio at June 30, 2015, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because certain issuers may have the right to call or prepay the debt obligations prior to their contractual maturities. Securities not due at a single maturity are shown separately.
|  | Available for Sale |  |  | Held to Maturity |
Debt Securities: |  | Amortized Cost |  |  | Estimated Fair Value |  |  | Amortized Cost |  |  | Estimated Fair Value |
Due in one year or less |  | $ | 1,002 |  |  | $ | 1,005 |  |  | $ | 410 |  |  | $ | 422 |
Due in over one to five years |  |  | 8,013 |  |  |  | 7,981 |  |  |  | 6,417 |  |  |  | 6,754 |
Due in over five to ten years |  |  | ---- |  |  |  | ---- |  |  |  | 11,724 |  |  |  | 12,108 |
Due after ten years |  |  | ---- |  |  |  | ---- |  |  |  | 3,355 |  |  |  | 3,246 |
Agency mortgage-backed securities, residential |  |  | 75,144 |  |  |  | 75,977 |  |  |  | 8 |  |  |  | 8 |
Total debt securities |  | $ | 84,159 |  |  | $ | 84,963 |  |  | $ | 21,914 |  |  | $ | 22,538 |
The following table summarizes the investment securities with unrealized losses at June 30, 2015 and December 31, 2014 by aggregated major security type and length of time in a continuous unrealized loss position:
|  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
June 30, 201 5 |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government sponsored entity securities |  | $ | 3,991 |  |  | $ | (13 | ) |  | $ | 3,989 |  |  | $ | (19 | ) |  | $ | 7,980 |  |  | $ | (32 | )
Agency mortgage-backed securities, residential |  |  | 27,837 |  |  |  | (406 | ) |  |  | 3,869 |  |  |  | (103 | ) |  |  | 31,706 |  |  |  | (509 | )
Total available for sale |  | $ | 31,828 |  |  | $ | (419 | ) |  | $ | 7,858 |  |  | $ | (122 | ) |  | $ | 39,686 |  |  | $ | (541 | )
|  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Securities Held to Maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 2,488 |  |  | $ | (29 | ) |  | $ | 1,510 |  |  | $ | (145 | ) |  | $ | 3,998 |  |  | $ | (174 | )
Total held to maturity |  | $ | 2,488 |  |  | $ | (29 | ) |  | $ | 1,510 |  |  | $ | (145 | ) |  | $ | 3,998 |  |  | $ | (174 | )
|  | Less Than 12 Months |  |  | 12 Months or More |  | Total |
December 31, 201 4 |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |  |  | Fair Value |  |  | Unrealized Loss |
Securities Available for Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Government sponsored entity securities |  | $ | ---- |  |  | $ | ---- |  |  | $ | 7,911 |  |  | $ | (104 | ) |  | $ | 7,911 |  |  | $ | (104 | )
Agency mortgage-backed securities, residential |  |  | 11,232 |  |  |  | (20 | ) |  |  | 8,397 |  |  |  | (116 | ) |  |  | 19,629 |  |  |  | (136 | )
Total available for sale |  | $ | 11,232 |  |  | $ | (20 | ) |  | $ | 16,308 |  |  | $ | (220 | ) |  | $ | 27,540 |  |  | $ | (240 | )
|  | Less Than 12 Months |  |  | 12 Months or More |  |  | Total |
|  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |  |  | Fair Value |  |  | Unrecognized Loss |
Securities Held to Maturity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of states and political subdivisions |  | $ | 1,171 |  |  | $ | (9 | ) |  | $ | 2,916 |  |  | $ | (180 | ) |  | $ | 4,087 |  |  | $ | (189 | )
Total held to maturity |  | $ | 1,171 |  |  | $ | (9 | ) |  | $ | 2,919 |  |  | $ | (180 | ) |  | $ | 4,087 |  |  | $ | (189 | )
During the three and six months ended June 30, 2015 the Company had proceeds of $8,792 pertaining to securities sales on available for sale securities with gross gains recognized of $135 for both periods. There were no sales during the three and six months ended June 30, 2014. Unrealized losses on the Company's debt securities have not been recognized into income because the issuers' securities are of high credit quality at June 30, 2015, and management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Management does not believe any individual unrealized loss at June 30, 2015 and December 31, 2014 represents an other-than-temporary impairment.

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