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Note 8 - Derivatives and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

Effective Date

Maturity Date

Balance Sheet

Location

 

Notional Amount

 

Accounting Treatment

 

Fair Value

 

June 5, 2014

June 5, 2019

Other Assets

  $ 15,000,000  

Cash Flow Hedging

  $ 751,668  

June 5, 2014

June 5, 2021

Other Assets

    15,000,000  

Cash Flow Hedging

    1,096,451  
        $ 30,000,000       $ 1,848,119  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended

September 30, 2014

   

Nine Months Ended

September 30, 2014

 

Unrealized loss at beginning of period

  $ (251,149 )   $ -  

Amount reclassified from accumulated other comprehensive income to noninterest income

    (10,968 )     (10,968 )

Amount of gain (loss) recognized in other comprehensive income

    109,692       (141,457 )

Unrealized loss at end of period

  $ (152,425 )   $ (152,425 )