Note 9 - Servicing Rights

6 Months Ended

Jun. 30, 2015

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

9.     Servicing Rights

Residential Mortgage-Servicing Rights

The following table summarizes the changes in residential mortgage-servicing rights at the dates and for the periods indicated (in thousands).

	At and for the three months ended June 30,						At and for the six months ended June 30,
	2015			2014			2015			2014
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period	$	2,234		$	2,406		$	2,248		$	2,431
Capitalized mortgage-servicing rights		136			127			262			242
Mortgage-servicing rights portfolio amortization and impairment		(163	)		(149	)		(303	)		(289	)
Mortgage-servicing rights portfolio, net of valuation allowance, end of period	$	2,207		$	2,384		$	2,207		$	2,384

The estimated fair value of residential mortgage-servicing rights was $3.4 million at both June 30, 2015 and December 31, 2014.

The following table summarizes the activity in the valuation allowance for impairment of the residential mortgage-servicing rights portfolio at the dates and for the periods indicated (in thousands).

	At and for the three months ended June 30,				At and for the six months ended June 30,
	2015		2014		2015		2014
Valuation allowance, beginning of period	$	21	$	31	$	21	$	31
Additions charged to operations, net		1		2		1		2
Valuation allowance, end of period	$	22	$	33	$	22	$	33

SBA Servicing Rights

The following table summarizes the changes in SBA servicing rights at the dates and for the periods indicated (in thousands).

	At and for the three months ended June 30,						At and for the six months ended June 30,
	2015			2014			2015			2014
SBA servicing rights portfolio, net of valuation allowance, beginning of period	$	118		$	90		$	77		$	64
Capitalized SBA servicing rights		26			-			69			31
SBA servicing rights portfolio amortization and impairment		(9	)		(3	)		(11	)		(8	)
SBA servicing rights portfolio, net of valuation allowance, end of period	$	135		$	87		$	135		$	87

The estimated fair value of SBA servicing rights was $142 thousand and $84 thousand at June 30, 2015 and December 31, 2014, respectively.

The following table summarizes the activity in the valuation allowance for impairment of the SBA servicing rights portfolio at the dates and for the periods indicated (in thousands).

	At and for the three months ended June 30,					At and for the six months ended June 30,
	2015		2014			2015		2014
Valuation allowance, beginning of period	$	11	$	11		$	12	$	8
Additions charged (reductions credited) to operations, net		2		(2	)		1		1
Valuation allowance, end of period	$	13	$	9		$	13	$	9