Note 20 - Derivative Financial Instruments and Hedging Activities

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

20.     Derivative FinancialInstruments and Hedging Activities

At June 30, 2014 and December 31, 2013, the Company’s only derivative instruments related to residential mortgage-banking activities.

At June 30, 2014, the notional amount of commitments to originate conforming mortgage loans held for sale totaled $7.1 million. These derivative loan commitments had positive fair values, included in Other assets in the Consolidated Balance Sheets, totaling $232 thousand. At December 31, 2013, the notional amount of commitments to originate conforming mortgage loans held for sale totaled $7.3 million. These derivative loan commitments had positive fair values, included in Other assets in the Consolidated Balance Sheets, totaling $176 thousand and negative fair values, included in Other liabilities in the Consolidated Balance Sheets, totaling $3 thousand. The net change in derivative loan commitment fair values during the three months ended June 30, 2014 and 2013 resulted in income (expense) of $57 thousand and $(237) thousand, respectively. The net change in derivative loan commitment fair values during the six months ended June 30, 2014 and 2013 resulted in income (expense) of $(65) thousand and $160 thousand, respectively.

The notional amount of forward sales commitments totaled $9.5 million at June 30, 2014. These forward sales commitments had positive fair values, included in Other assets in the Consolidated Balance Sheets, totaling $1 thousand and negative fair values, included in Other liabilities in the Consolidated Balance Sheets, totaling $42 thousand. The notional amount of forward sales commitments totaled $6.8 million at December 31, 2013. These forward sales commitments had positive fair values, included in Other assets in the Consolidated Balance Sheets, totaling $28 thousand and negative fair values, included in Other liabilities in the Consolidated Balance Sheets, totaling $4 thousand. The net change in forward sales commitment fair values during the three months ended June 30, 2014 and 2013 resulted in income (expense) of $(46) thousand and $249 thousand, respectively. The net change in forward sales commitment fair values during the six months ended June 30, 2014 and 2013 resulted in income (expense) of $(65) thousand and $160 thousand, respectively.