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Note 5 - Investment Securities (Tables)

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments [Table Text Block]

		At March 31, 2015
(dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value

Collateralized mortgage obligations		$	99,421			$	1,508			$	(142	)		$	100,787
Mortgage-backed securities			12,474				549				(45	)			12,978
Municipal securities			17,031				404				(47	)			17,388
Corporate bonds			33,817				555				(51	)			34,321
Asset-backed securities			18,164				222				-				18,386
Trust preferred securities			5,240				-				(2,198	)			3,042
Other securities			115				7				-				122
Total securities available for sale		$	186,262			$	3,245			$	(2,483	)		$	187,024

U.S. Government agencies		$	1			$	-			$	-			$	1
Collateralized mortgage obligations			66,721				1,136				-				67,857
Other securities			20				-				-				20
Total securities held to maturity		$	66,742			$	1,136			$	-			$	67,878

		At December 31, 2014
(dollars in thousands)		Amortized Cost				Gross Unrealized Gains				Gross Unrealized Losses				Fair Value

Collateralized mortgage obligations		$	98,626			$	692			$	(96	)		$	99,222
Mortgage-backed securities			13,271				564				(33	)			13,802
Municipal securities			15,784				363				(40	)			16,107
Corporate bonds			33,840				621				(34	)			34,427
Asset-backed securities			18,353				152				-				18,505
Trust preferred securities			5,261				-				(2,068	)			3,193
Other securities			115				8				-				123
Total securities available for sale		$	185,250			$	2,400			$	(2,271	)		$	185,379

U.S. Government agencies		$	1			$	-			$	-			$	1
Collateralized mortgage obligations			67,845				531				(144	)			68,232
Other securities			20				-				-				20
Total securities held to maturity		$	67,866			$	531			$	(144	)		$	68,253

Investments Classified by Contractual Maturity Date [Table Text Block]

		Available for Sale								Held to Maturity
(dollars in thousands)		Amortized Cost				Fair Value				Amortized Cost				Fair Value

Due in 1 year or less		$	13,398			$	13,498			$	-			$	-
After 1 year to 5 years			86,809				87,202				43,315				44,104
After 5 years to 10 years			75,048				75,062				23,427				23,774
After 10 years			11,007				11,262				-				-
Total		$	186,262			$	187,024			$	66,742			$	67,878

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

(dollars in thousands)		2015				2014

Beginning Balance, January 1^st		$	3,966			$	3,959
Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized			3				-
Reductions for securities paid off during the period			-				-
Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the Company intends to sell the security			-				-
Ending Balance, March 31^st		$	3,969			$	3,959

Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]

		At March 31, 2015
		Less than 12 months								12 months or more								Total
(dollars in thousands)		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses

Collateralized mortgage obligations		$	22,105			$	142			$	-			$	-			$	22,105			$	142
Mortgage-backed securities			5,128				24				1,057				21				6,185				45
Municipal securities			2,064				26				1,405				21				3,469				47
Corporate bonds			4,951				51				-				-				4,951				51
Trust preferred securities			-				-				3,042				2,198				3,042				2,198
Total Available for Sale		$	34,248			$	243			$	5,504			$	2,240			$	39,752			$	2,483

At March 31, 2015

Less than 12 months

12 months or more

Total

(dollars in thousands)

Fair

Value

Unrealized

Losses

Fair

Value

Unrealized

Losses

Fair

Value

Unrealized

Losses

Collateralized mortgage obligations

$

-

-

$

-

-

$

-

-

Total Held to Maturity

$

-

$

-

$

-

$

-

$

-

$

-

		At December 31, 2014
		Less than 12 months								12 months or more								Total
(dollars in thousands)		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses

Collateralized mortgage obligations		$	17,331			$	96			$	-			$	-			$	17,331			$	96
Mortgage-backed securities			3,997				2				1,069				31				5,066				33
Municipal securities			1,298				10				1,395				30				2,693				40
Corporate bonds			4,880				34				-				-				4,880				34
Trust preferred securities			-				-				3,193				2,068				3,193				2,068
Total Available for Sale		$	27,506			$	142			$	5,657			$	2,129			$	33,163			$	2,271

		At December 31, 2014
		Less than 12 months								12 months or more								Total
(dollars in thousands)		Fair Value				Unrealized Losses				Fair Value				Unrealized Losses				Fair Value				Unrealized Losses

Collateralized mortgage obligations		$	19,766				92			$	9,232				52			$	28,998				144
Total Held to Maturity		$	19,766			$	92			$	9,232			$	52			$	28,998			$	144

Schedule of Trust Preferred Securities [Table Text Block]

(dollars in thousands)	Class / Tranche		Amortized Cost				Fair Value				Unrealized Losses			Lowest Credit Rating Assigned		Number of Banks Currently Performing				Deferrals / Defaults as % of Current Balance				Conditional Default Rates for 2014 and beyond				Cumulative OTTI Life to Date
Preferred Term Securities IV	Mezzanine Notes		$	49			$	39			$	(10	)	B1			6				18	%			0.32	%		$	-
Preferred Term Securities VII	Mezzanine Notes			961				788				(173	)	D			12				50				0.45				2,173
TPREF Funding II	Class B Notes			732				371				(361	)	C			18				39				0.38				267
TPREF Funding III	Class B2 Notes			1,518				739				(779	)	C			15				36				0.30				483
Trapeza CDO I, LLC	Class C1 Notes			556				295				(261	)	C			8				50				0.31				470
ALESCO Preferred Funding IV	Class B1 Notes			604				396				(208	)	C			41				6				0.33				396
ALESCO Preferred Funding V	Class C1 Notes			820				414				(406	)	C			39				17				0.34				180
Total			$	5,240			$	3,042			$	(2,198	)				139				31	%						$	3,969

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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