Note 3 - Comprehensive Income and Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

3. Comprehensive Income and Accumulated Other Comprehensive Income. Comprehensive income includes net income and changes in other comprehensive income. The components of other comprehensive income primarily include net changes in unrealized gains and losses on available for sale securities, and the reclassification of net gains and losses on available for sale securities recognized in income during the respective reporting periods. The following table presents changes in accumulated other comprehensive income (AOCI), net of taxes for the three months ended March 31, 2015 and 2014:

	Unrealized Holding Gains on Investment Securities Available-For-Sale			Unrealized Holding Losses on Cash Flow Hedging Activities			Total Accumulated Other Comprehensive Income
Quarter Ended March 31, 2015	(In Thousands)
Balance at December 31, 2014	$	3,422		$	(254	)	$	3,168
Other comprehensive income (loss) before reclassifications		1,303			(65	)		1,238
Amounts reclassified from AOCI		(185	)		-			(185	)
Net current period other comprehensive income (loss)		1,118			(65	)		1,053
Balance at March 31, 2015	$	4,540		$	(319	)	$	4,221
Quarter Ended March 31, 2014
Balance at December 31, 2013	$	125		$	(22	)	$	103
Other comprehensive income (loss) before reclassifications		1,527			(68	)		1,459
Amounts reclassified from AOCI		(8	)		-			(8	)
Net current period other comprehensive income (loss)		1,519			(68	)		1,451
Balance at March 31, 2014	$	1,644		$	(90	)	$	1,554