Note 14 - Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

14. Goodwill and Other Intangibles

The following table presents activity for goodwill and other intangible assets for the three months ended March 31, 2015 and 2014, respectively:

Three Months Ended March 31, 2015:	Goodwill		Other Intangibles			Total
Balance at December 31, 2014	$	4,218,576	$	2,182,909		$	6,401,485
Amortization		--		(71,848	)		(71,848	)
Balance at March 31, 2015	$	4,218,576	$	2,111,061		$	6,329,637
Three Months Ended March 31, 2014:
Balance at December 31, 2013	$	4,218,576	$	7,860		$	4,226,436
Amortization		--		(7,860	)		(7,860	)
Balance at March 31, 2014	$	4,218,576	$	--		$	4,218,576

The following table presents a rollforward of the gross carrying amount, new acquisitions, accumulated amortization and net book value for the Company’s core deposit intangible (CDI), which is the only identifiable intangible asset subject to amortization at March 31, 2015 and December 31, 2014:

	Other Intangibles
Gross carrying amount at December 31, 2013 (1)	$	287,832
Accumulated amortization		(279,972	)
Net book value at December 31, 2013		7,860
Accumulated amortization		(7,860	)
Acquisitions (2)		2,182,909
Net book value at December 31, 2014		2,182,909
Accumulated amortization		(71,848	)
Net book value at March 31, 2015	$	2,111,061

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(1) CDI related to the acquisition of Green Street Financial Corp on November 30, 1999.

(2) CDI related to the acquisition of branch offices from Bank of America, N.A. on December 12, 2014.

The following table presents estimated future amortization expense of the CDI. At December 31, 2014, the remaining life of the CDI was 10 years.

2015	$	215,548
2016		284,327
2017		241,678
2018		223,002
2019		223,002
Thereafter		923,504
Total	$	2,111,061