Note 4 - Securities Sold Under Agreements to Repurchase

9 Months Ended

Sep. 30, 2015

Securities Sold under Agreements to Repurchase [Abstract]

Securities Sold Under Agreements To Repurchase [Text Block]

(4) Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, which represent excess funds from commercial customers as part of a cash management service, totaled $67.6 million and $69.6 million at September 30, 2015 and December 31, 2014, respectively. Bancorp enters into sales of securities under agreement to repurchase at a specified future date. At September 30, 2015, all of these financing arrangements had overnight maturities and were secured by government sponsored enterprise obligations and government agency mortgage-backed securities which were owned and under the control of Bancorp.