Note 18 - Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

Balance Sheet
December 31, 2014 and 2013
(Dollars in thousands)
	December 31, 2014		December 31, 2013
ASSETS
Cash	$	9,471	$	697
Corporation-obligated mandatorily redeemable capital securities of subsidiary trust holding junior obligations of the corporation		676		676
Investment in subsidiaries		121,278		80,666
Other assets		3,880		3,354
Total Assets	$	135,305	$	85,393
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities
Accrued expenses	$	18	$	18
Corporation-obligated mandatorily redeemable         securities of subsidiary trust holding solely junior         subordinated debentures of the corporation		22,476		22,476
Total Liabilities		22,494		22,494
Shareholders’ Equity
Total Shareholders’ Equity		112,811		62,899
Total Liabilities and Shareholders’ Equity	$	135,305	$	85,393

Statements of Operations, Comprehensive Income (Loss), and Changes in Shareholders' Equity [Table Text Block]

Statements of Operations, Comprehensive Income (Loss), and Changes in Shareholders’ Equity
For the years ended December 31, 2014, 2013, and 2012
(Dollars in thousands)
	2014			2013			2012
Interest income	$	33		$	33		$	34
Dividend income from subsidiaries		-			1,859			-
Total income		33			1,892			34
Trust preferred interest expense		1,107			1,112			1,134
Expenses		424			318			317
Total expenses		1,531			1,430			1,451
Net income (loss) before taxes		(1,498	)		462			(1,417	)
Benefit for income taxes		(524	)		(489	)		(496	)
Income (loss) before undistributed income (loss) of subsidiaries		(974	)		951			(921	)
Equity in undistributed income (loss) of subsidiaries		3,416			(4,431	)		4,535
Net income (loss)	$	2,442		$	(3,480	)	$	3,614
Net income (loss)	$	2,442		$	(3,480	)	$	3,614
Total other comprehensive income (loss)		2,196			(3,848	)		1,067
Total comprehensive income (loss)	$	4,638		$	(7,328	)	$	4,681
Shareholders’ equity, beginning of year	$	62,899		$	69,902		$	64,851
Shares issued under common stock offering		44,853			-			-
Stock based compensation		420			325			370
Exercise of stock options		1			-			-
Net income (loss)		2,442			(3,480	)		3,614
Total other comprehensive income (loss)		2,196			(3,848	)		1,067
Shareholders’ equity, end of year	$	112,811		$	62,899		$	69,902

Condensed Cash Flow Statement [Table Text Block]

Statements of Cash Flows
For the years ended December 31, 2014, 2013 and 2012
(Dollars in thousands)
	2014			2013			2012
Cash flows from operating activities:
Net income (loss)	$	2,442		$	(3,480	)	$	3,614
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Share based compensation		420			325			370
Increase in other assets		(526	)		(506	)		(542	)
Decrease in other liabilities		-			(809	)		(226	)
Equity in undistributed (income) losses of subsidiaries		(3,416	)		4,431			(4,535	)
Net cash used in operating activities		(1,080	)		(39	)		(1,319	)
Cash flows from investing activities:
Investment in subsidiary		(35,000	)		-			-
Net cash used in investing activities		(35,000	)		-			-
Cash flows from financing activities:
Net proceeds from stock offering		44,853			-			-
Exercise of stock options		1			-			-
Net cash provided by financing activities		44,854			-			-
Increase (decrease) in cash		8,774			(39	)		(1,319	)
Cash, beginning of period		697			736			2,055
Cash, end of period	$	9,471		$	697		$	736