Note 23 - Subsequent Events

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Subsequent Events [Text Block]

23. SUBSEQUENT EVENTS

On

January

18,

2017,

the Company announced that its Board of Directors authorized a

$0.03

per share cash dividend to shareholders of record at the close of business on

February

1,

2017

payable on

February

15,

2017.

On

January

20,

2017,

the Company paid down the outstanding balance of

$5.0

million related to its line of credit. The available credit line remains

$14.75

million. On

January

20,

2017

and

March

1,

2017,

the Company also paid a total of

$3.1

million towards reducing the principal balance of the term notes due

May

2019.

The aircraft recorded in office properties and equipment held for sale with a net book value of

$459,000

was sold in

February

2017

for

$575,000

resulting in a loss to the Company of

$28,000.