Note 23 - Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

23. Related Party Transactions

Intercompany Transactions

Intercompany transactions include activities between the Company and the Bank. Prior to June 2013, the Pension Plan assets were administered by the Bank’s Trust department and were managed by professional investment firms as well as by investment professionals that were teammates of the Bank. Administration and management of the Pension Plan assets were transferred to a third party in June 2013.

Related Party Transactions

Certain Directors, Executive Officers, and their related interests are loan clients of the Bank. All such loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions. The following table summarizes activity of all such loans at the dates and for the periods indicated (in thousands).

	At and for the years ended December 31,
	2014		2013
Related party loans, beginning of period	$	1,758	$	1,772
Additions:
Loan originations		30		-
Total additions		30		-
Reductions:
Paydowns and payoffs		66		14
Total reductions		66		14
Related party loans, end of period	$	1,722	$	1,758

All such loans outstanding at December 31, 2014 were performing based on contractual terms.