Note 2 - Cash and Cash Equivalents

6 Months Ended

Jun. 30, 2014

Cash and cash equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

2.     Cash and Cash Equivalents

Required Reserve Balances

The Federal Reserve Act requires each depository institution to maintain cash reserves against certain liabilities. The Bank reports these liabilities to the Board of Governors of the Federal Reserve System (the “Federal Reserve”) on a weekly basis and maintains reserves on these liabilities with a 30-day lag. As of June 30, 2014, after taking into consideration the Bank’s levels of vault cash, reserves of $5.7 million were maintained with the Federal Reserve.

Concentrations and Restrictions

From time to time, the Company may sell federal funds to, or place deposits with, other financial institutions. Federal funds and any deposits in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits are essentially uncollateralized overnight loans. The Company regularly evaluates the risk associated with the potential counterparties to these  transactions to ensure that it would not be exposed to any significant risks with regard to cash and cash equivalent balances if it were to sell federal funds or place deposits in amounts in excess of FDIC insurance limits. At June 30, 2014, the Company had $3.1 million in a money market deposit account with another financial institution that is well-capitalized under the regulatory capital classification rules.

Restricted cash and cash equivalents pledged as collateral relative to public funds and other agreements totaled $273 thousand and $706 thousand at June 30, 2014 and December 31, 2013, respectively.