XML 43 R32.htm IDEA: XBRL DOCUMENT v3.7.0.1
Note 2 - Summary of Significant Accounting Policies - Valuation Assumptions (Details)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dividend yield(1) [1] 0.00% 0.00%
Assumed forfeiture rate(5) [2] 6.00% 10.00%
Minimum [Member]    
Expected volatility(2) [3] 45.50% 47.59%
Risk-free interest rate(3) [4] 1.89% 1.23%
Expected life(4) (in years) (Year) [5] 5 years 182 days 5 years 182 days
Maximum [Member]    
Expected volatility(2) [3] 50.09% 52.54%
Risk-free interest rate(3) [4] 2.26% 1.82%
Expected life(4) (in years) (Year) [5] 7 years 7 years
[1] A dividend yield of 0.0% is utilized because cash dividends have never been paid.
[2] Forfeiture rate is determined through forfeited and expired options as a percentage of options granted over the current three year period.
[3] Expected volatility is based on Bloomberg's five and one-half to seven year volatility calculation for "FRBK" stock.
[4] The risk-free interest rate is based on the five to seven year Treasury bond.
[5] The expected life reflects a 1 to 4 year vesting period, the maximum ten year term and review of historical behavior.