Note 11 - Intangible Assets

9 Months Ended

Sep. 30, 2015

Disclosure Text Block [Abstract]

Intangible Assets Disclosure [Text Block]

(11) Intangible Assets

The gross carrying amount of intangible assets and the associated accumulated amortization at September 30, 2015 and 2014 is presented in the table below. Amortization expense for intangible assets was $436,000 and $385,000 respectively, for the nine-month periods ended September 30, 2015 and 2014.

	September 30, 2015
	Gross
(Dollars in thousands)	Carrying Amount		Accumulated Amortization			Unamortized Intangible Assets
Mortgage servicing rights	$	3,736		(2,290	)		1,446
Core deposit intangible		420		(9	)		411
Total	$	4,156		(2,299	)		1,857

	September 30, 2014
	Gross
(Dollars in thousands)	Carrying Amount		Accumulated Amortization			Unamortized Intangible Assets
Mortgage servicing rights	$	3,597		(2,055	)		1,542
Total	$	3,597		(2,055	)		1,542

The following table indicates the estimated future amortization expense for intangible assets:

(Dollars in thousands)	Mortgage Servicing Rights		Core Deposit Intangible		Total
Year ended December 31,
2015	$	111		19		130
2016		414		74		488
2017		335		74		409
2018		243		74		317
2019		182		74		256
Thereafter		161		96		257
Total	$	1,446		411		1,857

Projections of amortization are based on existing asset balances and the existing interest rate environment as of September 30, 2015. The Company's actual experience may be significantly different depending upon changes in mortgage interest rates and other market conditions.