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Note 3 - Note Receivable (Tables)
9 Months Ended
Sep. 30, 2014
Note Receivable [Abstract]  
Note Receivable Settlement [Table Text Block]

(Dollars in thousands)

 

Amount

 

Proceeds

       

Cash received

  $ 686  

1-4 family mortgage note (fair value)

    560  

Net proceeds received

  $ 1,246  

Assets derecognized

       

Note due from the Mortgage Company

  $ 2,753  

Warehouse line of credit

    259  

Discount on the Note

    (374 )

Total Assets derecognized

  $ 2,638  

Loss on settlement of the Note

  $ 1,392