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Note 8 - Mergers and Acquisitions	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	NOTE 8 – MERGERS AND ACQUISITIONS As of the close of business on August 5, 2016, Ohio Valley completed its merger with Milton Bancorp, Inc. (“Milton Bancorp”), pursuant to the terms of the Agreement and Plan of Merger dated as of January 7, 2016, by and between Ohio Valley and Milton Bancorp (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, Milton Bancorp was merged with and into Ohio Valley (the “Merger”). Immediately following the Merger, Milton Bancorp’s wholly-owned subsidiary, The Milton Banking Company, was merged with and into the Bank. As a result of the Merger and in accordance with the terms of the Merger Agreement, each Milton Bancorp share was converted into the right to receive either 1,636 Ohio Valley common shares, no par value, or cash in the amount of $37,219, subject to certain allocation procedures set forth in the Merger Agreement pursuant to which 80% of the 400 outstanding Milton Bancorp common shares were converted into the right to receive Ohio Valley common shares and the remaining 20% of the outstanding Milton Bancorp common shares were converted into the right to receive cash. After paying cash in lieu of fractional shares, Ohio Valley’s outstanding common shares increased by 523,518 shares as of August 5, 2016. Ohio Valley financed part of the cash portion of the purchase price through $5,000 in borrowed funds. After the Merger, the Company's assets totaled approximately $950 million and branches increased to 19 locations. At the acquisition date, Milton had $113,320 in loans, $119,219 in deposits and no borrowings. We are currently working through the initial accounting for the acquisition which is not complete with respect to determination of fair value adjustments associated with acquired assets and assumed liabilities as well as valuation of intangible assets and goodwill.

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The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings.

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