Note 14 - Shareholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

14.     Shareholders’ Equity

Common Shares

At June 30, 2015, the Company had 75,000,000 authorized shares of common stock of which 12,813,442 were issued and outstanding. As of July 24, 2015, the Company has reserved a total of 554,647 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 17, 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).

	June 30,			December 31,
	2015			2014
Net unrealized loss on investment securities available for sale	$	(209	)	$	(819	)
Net unrealized defined benefit pension plan actuarial loss		(9,084	)		(9,084	)
Total accumulated other comprehensive loss, net of tax	$	(9,293	)	$	(9,903	)

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 six months ended June 30, 2015, the Company declared and paid cash dividends on its common stock as follows:

Declaration date	Record date	Payment date	Cash dividend per common share
1/15/2015	2/2/2015	2/16/2015	$	0.08
4/16/2015	5/4/2015	5/18/2015		0.08

Subsequently, the Company declared a cash dividend of $0.08 per common share on July 16, 2015 payable on August 17, 2015.

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