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Note 9 - Short-term Borrowings
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Short-term Debt [Text Block]
9.
SHORT-TERM BORROWINGS
 
Short-term borrowings consist of federal funds purchased, securities sold under repurchase agreements, and short-term Federal Home Loan Bank
(“FHLB”) advances with original maturities of
one
year or less. Short-term borrowings totaled
$10.1
million and
$7.4
million as of
December
31,
2016
and
2015,
respectively.  
 
Federal funds purchased, which represent unsecured lines of credit that generally mature within
one
to
four
days, are availabl
e to the Bank through arrangements with correspondent banks and the Federal Reserve. As of both
December
31,
2016
and
2015,
there were no federal funds purchased outstanding, and the Bank had
$18.8
million in available unused lines of credit with correspondent banks and the Federal Reserve.
 
Securities sold under repurchase agreements, which are secured borrowings, generally are reflected at the amount of cash received in connection with the transaction. T
he Bank
may
be required to provide additional collateral based on the fair value of the underlying securities. The Bank monitors the fair value of the underlying securities on a daily basis. Securities sold under repurchase agreements as of 
December
31,
2016
and
2015
totaled
$0.1
million and
$0.4
million, respectively.
 
Short-term FHLB advances are secured borrowings available to the Bank as an alternative funding source.
  As of
December
31,
2016,
the Bank had
$10.0
million in outstanding FHLB advances with original maturities of less than
one
year. As of
December
31,
2015,
the Bank had 
$7.0
million in outstanding FHLB advances with original maturities of less than
one
year.