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Note 11 - Lines of Credit
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Debt Disclosure [Text Block]
(11) LINES OF CREDIT

In connection with the acquisition of Peoples Bank, the Bank obtained an unsecured federal funds purchased line of credit through The Bankers’ Bank of Kentucky with a maximum borrowing amount of $5.0 million. At December 31, 2015, the Bank had no outstanding federal funds purchased under the line of credit.


On July 31, 2015, the Company entered into a $1.0 million revolving line of credit with Stock Yards Bank & Trust Company secured by the stock of the Bank held by the Company. The interest rate charged under the line of credit is the prime rate less 0.25%. At December 31, 2015, the Company had no outstanding borrowings under the line of credit.