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Recent Accounting Pronouncements
3 Months Ended
Mar. 31, 2014
Recent Accounting Pronouncements  
Recent Accounting Pronouncements

Note 2:  Recent Accounting Pronouncements

 

ASU 2014-04, “Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) - Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.” ASU 2014-14 clarifies when an in-substance repossession or foreclosure occurs and requires interim and annual disclosures.  The new authoritative guidance will be for reporting periods after January 1, 2015 and is not expected to have a significant impact on the Company’s financial statements.