Note 15 - Balance Sheet Offsetting

9 Months Ended

Sep. 30, 2014

Disclosure Text Block Supplement [Abstract]

Supplemental Balance Sheet Disclosures [Text Block]

15.Balance Sheet Offsetting

Certain financial instruments, including resell and repurchase agreements, securities lending arrangements and derivatives, may be eligible for offset in the consolidated balance sheet and/or subject to master netting arrangements or similar agreements. The Company’s securities sold with agreement to repurchase and derivative transactions with upstream financial institution counterparties are generally executed under International Swaps and Derivative Association master agreements which include “right of set-off” provisions. In such cases there is generally a legally enforceable right to offset recognized amounts and there may be an intention to settle such amounts on a net basis. Nonetheless, the Company does not generally offset such financial instruments for financial reporting purposes.

Financial instruments that are eligible for offset in the condensed consolidated balance sheets, as of September 30, 2014, and December 31, 2013, are presented in the following table:

							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized		Gross Amounts Offset in the Balance Sheet		Net Amounts Presented in the Balance Sheet		Financial Instruments		Collateral Posted			Net Amount
	(In thousands)
September 30, 2014
Assets:
Derivatives	$	442	$	-	$	442	$	-	$	(442	)	$	-
Liabilities:
Securities sold under agreements to repurchase	$	550,000	$	-	$	550,000	$	-	$	(550,000	)	$	-
Derivatives	$	280	$	-	$	280	$	-	$	(280	)	$	-
December 31, 2013
Liabilities:
Securities sold under agreements to repurchase	$	800,000	$	-	$	800,000	$	-	$	(800,000	)	$	-