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Note 18 - Subsequent Events | 12 Months Ended
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Dec. 31, 2015
Subsequent Events [Abstract] |
Subsequent Events [Text Block] | Note R – Subsequent Events On January 7, 2016, Ohio Valley and Milton Bancorp, Inc. (“MB”), entered into an Agreement and Plan of Merger “Merger Agreement”). The Merger Agreement provides for a business combination whereby MB will merge with and into Ohio Valley and MB’s banking subsidiary, The Milton Banking Company, will merge with and into the Bank. At December 31, 2015, MB operates five branches with assets of $141 million, loans of $110 million and deposits of $126 million. After the merger, the Company's total assets will exceed $900 million and branches will increase to 19 locations. The merger consideration was valued at approximately $20 million at the time of signing the merger agreement. The transaction is subject to certain conditions, including the approval of regulatory authorities and the shareholders of MB. The merger is expected to be completed by the third quarter of 2016.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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