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Note 4 - Derivatives and Hedging Activities (Tables)
9 Months Ended
Sep. 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

 

September 30, 2015

Fair Value

   

December 31, 2014

Fair Value

 

June 5, 2014

June 5, 2019

Other Assets

  $ 15,000,000  

Cash Flow Hedging

  $ 271,913     $ 608,189  

June 5, 2014

June 5, 2021

Other Assets

    15,000,000  

Cash Flow Hedging

    512,742       879,197  
        $ 30,000,000       $ 784,655     $ 1,487,386  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended

 
   

September 30, 2015

   

September 30, 2014

 

Unrealized loss at beginning of period, net of tax

  $ (574,311 )   $ (251,149 )

Amount reclassified from AOCI to noninterest income related to hedge ineffectiveness

    15,561       (10,968 )

Amount reclassified from AOCI to interest expense related to caplet amortization

    4,538       -  

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

    (292,591 )     109,692  

Unrealized loss at end of period

  $ (846,803 )   $ (152,425 )
   

Nine Months Ended

 
   

September 30, 2015

   

September 30, 2014

 

Unrealized loss at beginning of period, net of tax

  $ (399,367 )   $ -  

Amount reclassified from AOCI to noninterest income related to hedge ineffectiveness

    23,658       (10,968 )

Amount reclassified from AOCI to interest expense related to caplet amortization

    6,904       -  

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

    (477,998 )     (141,457 )

Unrealized loss at end of period

  $ (846,803 )   $ (152,425 )