Note 8 - Servicing Rights

3 Months Ended

Mar. 31, 2015

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

8.     Servicing Rights

Residential Mortgage-Servicing Rights

The following table summarizes the changes in residential mortgage-servicing rights at the dates and for the periods indicated (in thousands).

	At and for the three months ended March 31,
	2015			2014
Mortgage-servicing rights portfolio, net of valuation allowance, beginning of period	$	2,248		$	2,431
Capitalized mortgage-servicing rights		126			115
Mortgage-servicing rights portfolio amortization and impairment		(140	)		(140	)
Mortgage-servicing rights portfolio, net of valuation allowance, end of period	$	2,234		$	2,406

The estimated fair value of residential mortgage-servicing rights was $3.3 million and $3.4 million at March 31, 2015 and December 31, 2014, respectively.

There was no activity in the valuation allowance for impairment of the residential mortgage-servicing rights portfolio during the three months ended March 31, 2015 or 2014. The valuation allowance totaled $21 thousand and $31 thousand at March 31, 2015 and March 31, 2014, respectively.

SBA Servicing Rights

The following table summarizes the changes in SBA servicing rights at the dates and for the periods indicated (in thousands).

	At and for the three months ended March 31,
	2015			2014
SBA servicing rights portfolio, net of valuation allowance, beginning of period	$	77		$	64
Capitalized SBA servicing rights		43			31
SBA servicing rights portfolio amortization and impairment		(2	)		(5	)
SBA servicing rights portfolio, net of valuation allowance, end of period	$	118		$	90

The estimated fair value of SBA servicing rights was $126 thousand and $84 thousand at March 31, 2015 and December 31, 2014, respectively.

The following table summarizes the activity in the valuation allowance for impairment of the SBA servicing rights portfolio at the dates and for the periods indicated (in thousands).

	At and for the three months ended March 31,
	2015			2014
Valuation allowance, beginning of period	$	12		$	8
Additions charged (reductions credited) to operations, net		(1	)		3
Valuation allowance, end of period	$	11		$	11