Note 7 - Investment in Limited Partnership

12 Months Ended

Dec. 31, 2016

Variable Interest Entity Disclosure [Text Block]

7.	INVESTMENT IN LIMITED PARTNERSHIP

The Bank holds an investment in an affordable housing project for which it provides funding as a limited partner

and has received tax credits related to its investment in the project based on its partnership share. The net assets of the partnership consist primarily of apartment complexes, and the primary liabilities consist of those associated with the operation of the partnership. The Company has determined that this investment requires consolidation as a VIE under

ASC Topic

810,

Consolidation

. The Company holds a

99.9%

interest in the limited partnership. Assets recorded by the Company as a result of the consolidation were less than

$0.1

million as of both

December

31,

2016

and

2015.