Note 9 - Short-term Borrowings

12 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Short-term Debt [Text Block]

9. SHORT-TERM BORROWINGS

The year ended December 31 outstanding balances and related information of short-term borrowings, which includes securities sold under agreements to repurchase and short-term borrowings from other banks, are summarized as follows:

(Dollar amounts in thousands)	2014			2013
Balance at year-end	$	14,808		$	10,809
Average balance outstanding		8,379			8,806
Maximum month-end balance		19,970			17,351
Weighted-average rate at year-end		0.98	%		1.44	%
Weighted-average rate during the year		1.77	%		3.15	%

Average balances outstanding during the year represent daily average balances, and average interest rates represent interest expense divided by the related average balance.

The Company maintains a $4.0 million line of credit at an adjustable rate, currently 3.66%, and a $3.0 million line of credit at an adjustable rate, currently at 4.00%. At December 31, 2014, 2013, and 2012, outstanding borrowings under these lines were $3.1 million, $3.9 million, and $4.9 million, respectively.