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Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(in thousands)		Year Ended December 31,
		2014				2013				2012
Current
Federal		$	(15,979	)		$	-			$	-
State			268				(21	)			-
Total			(15,711	)			(21	)			-
Deferred
Federal			839				(318	)			-
State			122				-				-
Total			961				(318	)			-
Benefit for income taxes		$	(14,750	)		$	(339	)		$	-

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		Year Ended December 31,
(in thousands)		2014				2013				2012
Income taxes at
statutory Federal rate		$	326			$	(2,593	)		$	(182	)
State taxes, net of Federal benefit			48				(21	)			-
Nondeductible expenses			175				6				5
Change in cash surrender value of life insurance			-				(178	)			(176	)
Taxes on BOLI income			1,701				-				-
Valuation allowance			(16,812	)			-				-
Tangible Property Review IRC Sec 481(a)			(644	)
Current Year Change in valuation allowance			(39	)			2,447				329
Other			495				-				24
Total benefit for income taxes		$	(14,750	)		$	(339	)		$	-

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(in thousands)		2014				2013				2012
Deferred tax assets:
Allowance for loan losses		$	1,918			$	2,213			$	2,343
Nonaccrual interest			1,508				1,474				1,325
Depriciation of premises and equipment			523				1,276				1,074
Accrued expenses			292				376				225
Share-based Compensation			-				-				72
OREO Writedowns			63				-				-
Capital loss carryover			572				572				572
State NOL carryforward benefit			3,435				3,613				3,237
Federal NOL carryforward benefit			17,372				18,427				15,850
NOL write-off for § 382 Limitation			(10,382	)			(10,382	)			(10,382	)
Federal AMT benefit estimate			-				-				318
Unrealized loss AFS			176				462				251
Other			21				37				154
Gross deferred tax assets			15,498				18,068				15,039
Valuation allowance			(572	)			(18,068	)			(15,039	)
Deferred tax assets, net of valuation allowance			14,926				-				-
Deferred tax asset, net		$	14,926			$	-			$	-

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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