Note 27 - Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 27. RELATED PARTY TRANSACTIONS

Some of the directors, and executive officers (and their associated or affiliated companies) were customers of and had banking transactions with us in the ordinary course of our business and we expect to have such transactions in the future. All deposits, loans and commitments to fund loans included in such transactions were made in compliance with the applicable laws on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons of similar creditworthiness.

The following table presents a summary of aggregate activity involving related party borrowers for the years ended December 31, 2015 and 2014.

(Amounts in thousands)	2015			2014
Balance at beginning of year	$	13,654		$	10,961
New loan additions		916			2,962
Advances on existing lines of credit		19,643			19,628
Principal repayments		(20,487	)		(21,252	)
Reclassifications (1)		(19	)		1,355
Balance at end of year	$	13,707		$	13,654

⁽¹⁾ Represents loans that were once considered related party but are no longer considered related party, or loans that were not related party that subsequently became related party loans.

At December 31, 2015 and 2014, deposits of related parties amounted to $4.1 million and $3.5 million, respectively. As of December 31, 2015 and 2014, there were no related party loans which were past due or adversely classified. At December 31, 2015 and 2014 there was $8.4 million, and $7.1 million, respectively, in outstanding loan commitments to related parties. In our opinion, these transactions did not involve more than a normal risk of collectability or present other unfavorable terms.