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Note 7 - Derivatives and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2015
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

  $ 437,694  

June 5, 2014

June 5, 2021

Other Assets

    15,000,000  

Cash Flow Hedging

    676,407  
        $ 30,000,000       $ 1,114,101  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended

March 31, 2015

 

Unrealized loss at beginning of period, net of tax

  $ (399,367 )

Amount reclassified from accumulated other comprehensive income to noninterest income related to hedge ineffectiveness

    341  

Amount reclassified from accumulated other comprehensive income to interest expense related to caplet amortization

    560  

Amount of loss recognized in other comprehensive income, net of tax

    (238,571 )

Unrealized loss at end of period

  $ (637,037 )