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Note 18 - Commitments and Contingencies
 12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]
(18) COMMITMENTS AND CONTINGENCIES

In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the consolidated financial statements.


Commitments under outstanding standby letters of credit totaled $1.3 million and $693,000 at December 31, 2015 and 2014, respectively.


The following is a summary of the commitments to extend credit at December 31, 2015 and 2014:


(In thousands)   2015   2014
         
Loan commitments:                
Fixed rate   $ 4,007     $ 351  
Adjustable rate     3,854       7,062  
                 
Unused lines of credit on credit cards     4,429       4,732  
Undisbursed commercial and personal lines of credit     29,359       19,390  
Undisbursed portion of construction loans in process     4,869       3,325  
Undisbursed portion of home equity lines of credit     26,910       24,206  
                 
Total commitments to extend credit   $ 73,428     $ 59,066  

At December 31, 2015, the Company had a commitment of approximately $543,000, net of a $20,000 deposit previously paid, to acquire land for a future branch site. The transaction is expected to be completed in 2016.