Note 13 - Shareholders' Equity

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

13. Shareholders’ Equity

Common Shares

At December 31, 2014, the Company had 75,000,000 authorized shares of common stock of which 12,810,388 were issued and outstanding. As of February 23, 2015, the Company has reserved a total of 554,645 shares for future issuance under various equity incentive plans.

For disclosure regarding actual and potential share issuances under the Company’s equity award plans, see Note 16, Equity-Based Compensation.

Accumulated Other Comprehensive Loss

The following table summarizes the components of accumulated other comprehensive loss, net of tax at the dates indicated (in thousands).

	December 31,
	2014			2013			2012
Net unrealized loss on investment securities available for sale	$	(819	)	$	(2,990	)	$	1,491
Net unrealized defined benefit pension plan actuarial loss		(9,084	)		(7,303	)		(8,208	)
Total accumulated other comprehensive loss, net of tax	$	(9,903	)	$	(10,293	)	$	(6,717	)

Authorized Preferred Shares

The Company has authorized for issuance 2,500,000 shares of preferred stock with such preferences, limitations and relative rights within legal limits of the class, or one or more series within the class, as are set by the Board of Directors. To date, the Company has not issued any preferred shares.

Cash Dividends

Dividends from the Bank are the Company’s primary source of funds for payment of dividends to its common shareholders. During the year ended December 31, 2014, the Company declared and paid cash dividends on its common stock as follows:

Declaration date	Record date	Payment date	Cash dividend per common share
7/17/2014	8/4/2014	8/18/2014	$	0.05
10/16/2014	11/3/2014	11/17/2014		0.05

Subsequently, the Company paid dividends of $0.08 per common share on February 16, 2015.

The dividends payable to shareholders were funded by dividends paid to the Company by the Bank.