Note 6 - Other Assets

9 Months Ended

Sep. 30, 2014

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

Note 6: Other Assets

Other assets consisted of the following:

	At September 30, 2014		At December 31, 2013
	(In thousands)
Cost method equity investments:
Federal Reserve Bank stock (1)	$	14,069	$	14,069
Federal Home Loan Bank stock (2)		940		4,188
Other investments		286		376
Total cost method equity investments		15,295		18,633
Life insurance cash surrender value		45,583		43,896
Net deferred tax asset		48,873		53,281
Limited partnership investments		16,802		18,198
Interest receivable		17,388		18,925
FDIC indemnification receivable		-		4,032
Prepaid assets		5,123		5,229
Other assets		11,688		14,238
Total other assets	$	160,752	$	176,432

(1) A bank applying for membership in the Federal Reserve System is required to subscribe to stock in the Federal Reserve Bank of San Francisco (FRB) in a sum equal to six percent of the bank’s paid-up capital stock and surplus. One-half of the amount of the bank's subscription shall be paid to the FRB and the remaining half will be subject to call when deemed necessary by the Board of Governors of the Federal Reserve System.

(2) Borrowings from the FHLB must be supported by capital stock holdings. The minimum activity-based requirement is 4.7% of the outstanding advances. The requirement may be adjusted from time to time by the FHLB within limits established in the FHLB's Capital Plan.