Note 3 - Acquisition

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Business Combination Disclosure [Text Block]

(3)

Acquisition

In

2013,

Bancorp completed the acquisition of

100%

of the outstanding shares of THE BANCorp, Inc. (“Oldham”), parent company of THE BANK – Oldham County, Inc. The transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration transferred were recorded at estimated fair value on the acquisition date. Bancorp recorded a core deposit intangible of

$2.5

million which is being amortized using methods that anticipate the life of the underlying deposits to which the intangible is attributable. At

December

31,

2016,

the unamortized core deposit intangible was

$1.4

million. See Note

7

for details on the core deposit intangible.