Note 14 - Undivided Profits	9 Months Ended
Sep. 30, 2017
Notes to Financial Statements
Restrictions on Dividends, Loans and Advances [Text Block]	NOTE 14: UNDIVIDED PROFITS The Company’s subsidiary bank is subject to a legal limitation on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies. The approval of the Commissioner of the Arkansas State Bank Department is required if the total of all dividends declared by an Arkansas state bank in any calendar year exceeds seventy-five percent ( 75% ) of the total of its net profits, as defined, for that year combined with seventy-five percent ( 75% ) of its retained net profits of the preceding year. At September 30, 2017, the Company’s subsidiary bank had approximately $1.8 million available for payment of dividends to the Company, without prior regulatory approval. The risk-based capital guidelines of the Federal Reserve Board and the Arkansas State Bank Department include the definitions for ( 1 ) a well-capitalized institution, ( 2 ) an adequately-capitalized institution, and ( 3 ) an undercapitalized institution. Under the Basel III Rules effective January 1, 2015, the criteria for a well-capitalized institution are: a 5% "Tier l leverage capital" ratio, an 8% "Tier 1 risk-based capital" ratio, 10% "total risk-based capital" ratio; and a 6.50% “common equity Tier 1 ( CET1 )” ratio. The Company and Bank must hold a capital conservation buffer composed of CET1 capital above its minimum risk-based capital requirements. The implementation of the capital conservation buffer began on January 1, 2016, at the 0.625% level and will phase in over a four -year period (increasing by that amount on each subsequent January 1 until it reaches 2.5% on January 1, 2019). As of September 30, 2017, the Company and its subsidiary bank met all capital adequacy requirements under the Basel III Capital Rules, and management believes the Company and subsidiary bank would meet all Capital Rules on a fully phased-in basis if such requirements were currently effective. The Company's CET1 ratio was 11.97% at September 30, 2017.

NOTE

14:

UNDIVIDED PROFITS

The Company’s subsidiary bank is subject to a legal limitation on dividends that can be paid to the parent company without prior approval of the applicable regulatory agencies. The approval of the Commissioner of the Arkansas State Bank Department is required if the total of all dividends declared by an Arkansas state bank in any calendar year exceeds

seventy-five

percent (

75%

) of the total of its net profits, as defined, for that year combined with

seventy-five

percent (

75%

) of its retained net profits of the preceding year. At

September 30, 2017,

the Company’s subsidiary bank had approximately

$1.8

million available for payment of dividends to the Company, without prior regulatory approval.

The risk-based capital guidelines of the Federal Reserve Board and the Arkansas State Bank Department include the definitions for (

) a well-capitalized institution, (

) an adequately-capitalized institution, and (

) an undercapitalized institution. Under the Basel III Rules effective

January 1, 2015,

the criteria for a well-capitalized institution are: a

"Tier l leverage capital" ratio, an

"Tier

risk-based capital" ratio,

10%

"total risk-based capital" ratio; and a

6.50%

“common equity Tier

(

CET1

)” ratio.

The Company and Bank must hold a capital conservation buffer composed of

CET1

capital above its minimum risk-based capital requirements. The implementation of the capital conservation buffer began on

January 1, 2016,

at the

0.625%

level and will phase in over a

four

-year period (increasing by that amount on each subsequent

January 1

until it reaches

2.5%

January 1, 2019).

As of

September 30, 2017,

the Company and its subsidiary bank met all capital adequacy requirements under the Basel III Capital Rules, and management believes the Company and subsidiary bank would meet all Capital Rules on a fully phased-in basis if such requirements were currently effective. The Company's

CET1

ratio was

11.97%

September 30, 2017.