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Note 4 - Derivatives and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 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

 

June 30, 2015

Fair Value

   

December 31, 2014

Fair Value

 

June 5, 2014

June 5, 2019

Other Assets

  $ 15,000,000  

Cash Flow Hedging

  $ 450,020     $ 608,189  

June 5, 2014

June 5, 2021

Other Assets

    15,000,000  

Cash Flow Hedging

    773,954       879,197  
        $ 30,000,000       $ 1,223,973     $ 1,487,386  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended

 
   

June 30, 2015

   

June 30, 2014

 

Unrealized loss at beginning of period, net of tax

  $ (637,037 )   $ -  

Amount reclassified from AOCI to noninterest income related to hedge ineffectiveness

    7,755       -  

Amount reclassified from AOCI to interest expense related to caplet amortization

    1,806       -  

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

    53,165       (251,149 )

Unrealized loss at end of period

  $ (574,311 )   $ (251,149 )
   

Six Months Ended

 
   

June 30, 2015

   

June 30, 2014

 

Unrealized loss at beginning of period, net of tax

  $ (399,367 )   $ -  

Amount reclassified from AOCI to noninterest income related to hedge ineffectiveness

    8,097       -  

Amount reclassified from AOCI to interest expense related to caplet amortization

    2,366       -  

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

    (185,407 )     (251,149 )

Unrealized loss at end of period

  $ (574,311 )   $ (251,149 )