Note 25 - Acquisition

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

NOTE 25. ACQUISITION

On October 28, 2015, we announced the execution of a definitive agreement to purchase five northern California branches from Bank of America, National Association (the “Branch Acquisition”) which will close on March 11, 2016. Upon completion of the Branch Acquisition, we expect to acquire approximately $160.0 million of deposits and $4.0 million of premises and equipment. We agreed to pay an amount equal to 2.83% of the average daily closing balance (including accrued interest) of the deposits for the thirty (30) calendar day period prior to the closing date. The branches being acquired are located in Colusa, Corning, Orland, Willows, and Yreka. The 2015 fourth quarter earnings include $347 thousand of branch acquisition costs.