Note 5 - Investment Securities (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

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

	At September 3 0 , 201 6
(dollars in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized  Losses			Fair Value
Collateralized mortgage obligations	$	199,622	$	1,414	$	(640	)	$	200,396
Agency mortgage-backed securities		11,632		73		(19	)		11,686
Municipal securities		23,383		1,067		(8	)		24,442
Corporate bonds		46,737		32		(1,341	)		45,428
Asset-backed securities		16,183		-		(466	)		15,717
Trust preferred securities		3,063		-		(1,372	)		1,691
Other securities		25		-		-			25
Total securities available for sale	$	300,645	$	2,586	$	(3,846	)	$	299,385
U.S. Government agencies	$	28,468	$	310	$	(58	)	$	28,720
Collateralized mortgage obligations		155,098		2,396		(219	)		157,275
Agency mortgage-backed securities		35,884		348		-			36,232
Other securities		1,020		-		-			1,020
Total securities held to maturity	$	220,470	$	3,054	$	(277	)	$	223,247

	At December 31, 201 5
(dollars in thousands)	Amortized  Cost		Gross  Unrealized  Gains		Gross Unrealized  Losses			Fair Value
Collateralized mortgage obligations	$	180,795	$	523	$	(3,173	)	$	178,145
Agency mortgage-backed securities		10,073		176		(78	)		10,171
Municipal securities		22,814		562		(32	)		23,344
Corporate bonds		54,294		135		(300	)		54,129
Asset-backed securities		17,631		-		(626	)		17,005
Trust preferred securities		3,070		-		(1,187	)		1,883
Other securities		115		3		-			118
Total securities available for sale	$	288,792	$	1,399	$	(5,396	)	$	284,795
U.S. Government agencies	$	17,067	$	39	$	(72	)	$	17,034
Collateralized mortgage obligations		146,458		402		(780	)		146,080
Agency mortgage-backed securities		7,732		-		(21	)		7,711
Other securities		1,020		-		-			1,020
Total securities held to maturity	$	172,277	$	441	$	(873	)	$	171,845

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	$	675	$	677	$	-	$	-
After 1 year to 5 years		12,096		12,260		4,651		4,640
After 5 years to 10 years		53,126		51,671		24,837		25,100
After 10 years		23,494		22,695		-		-
Collateralized mortgage obligations		199,622		200,396		155,098		157,275
Agency mortgage-backed securities		11,632		11,686		35,884		36,232
Total	$	300,645	$	299,385	$	220,470	$	223,247

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

	Three Months Ended September 30,
(dollars in thousands)	201 6		201 5
Beginning Balance, July 1 st	$	935	$	1,400
Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized		2		-
Reductions for securities paid off during the period		-		-
Reductions for securities sold during the period		-		(470	)
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, September 30 th	$	937	$	930

	Nine Months Ended September 30,
(dollars in thousands)	2016		2015
Beginning Balance, January 1 st	$	930	$	3,966
Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized		7		3
Reductions for securities paid off during the period		-		-
Reductions for securities sold during the period		-		(3,039	)
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, September 30 th	$	937	$	930

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

		At September 30, 2016
	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	$	76,185	$	573	$	8,199	$	67	$	84,384	$	640
Agency mortgage-backed securities		2,584		14		3,432		5		6,016		19
Municipal securities		486		8		-		-		486		8
Corporate bonds		28,859		1,142		10,796		199		39,655		1,341
Asset backed securities		-		-		15,717		466		15,717		466
Trust preferred securities		-		-		1,691		1,372		1,691		1,372
Total Available for Sale	$	108,114	$	1,737	$	39,835	$	2,109	$	147,949	$	3,846

	At September 30, 2016
	Less than 12 months				12 months or more				Total
(dollars in thousands)	Fair Value		Unrealized  Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
U.S. Government agencies	$	7,067	$	47	$	3,621	$	11	$	10,688	$	58
Collateralized mortgage obligations		26,469		219		-		-		26,469		219
Total Held to Maturity	$	33,536	$	266	$	3,621	$	11	$	37,157	$	277

	At December 31 , 201 5
	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	$	116,161	$	3,173	$	-	$	-	$	116,161	$	3,173
Agency mortgage-backed securities		2,389		14		5,502		64		7,891		78
Municipal securities		886		15		1,814		17		2,700		32
Corporate bonds		9,583		258		2,952		42		12,535		300
Asset backed securities		17,005		626		-		-		17,005		626
Trust preferred securities		-		-		1,883		1,187		1,883		1,187
Total Available for Sale	$	146,024	$	4,086	$	12,151	$	1,310	$	158,175	$	5,396

	At December 31 , 201 5
	Less than 12 months				12 months or more				Total
(dollars in thousands)	Fair Value		Unrealized  Losses		Fair Value		Unrealized  Losses		Fair Value		Unrealized  Losses
U.S. Government agencies	$	11,954	$	72	$	-	$	-	$	11,954	$	72
Collateralized mortgage obligations		68,888		732		15,956		48		84,844		780
Agency mortgage-backed securities		7,711		21		-		-		7,711		21
Total Held to Maturity	$	88,553	$	825	$	15,956	$	48	$	104,509	$	873

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 2016 and  beyond			Cumulative  OTTI Life to Date
TPREF Funding II	Class B Notes	$	725	$	377	$	(348	)	C		19		37	%		0.42	%	$	274
TPREF Funding III	Class B2 Notes		1,518		804		(714	)	C		15		32			0.43			483
ALESCO Preferred Funding V	Class C1 Notes		820		510		(310	)	C		42		14			0.41			180
Total		$	3,063	$	1,691	$	(1,372	)			76		27	%				$	937