Ames National (ATLO) 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 29, 2016
Entity Registrant Name	AMES NATIONAL CORPORATION
Entity Central Index Key	1,132,651
Trading Symbol	atlo
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		9,310,913
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 21,620,875	$ 24,005,801
Interest bearing deposits in financial institutions	59,739,010	26,993,091
Securities available-for-sale	523,272,746	537,632,990
Loans receivable, net	695,627,262	701,328,171
Loans held for sale	443,571	539,370
Bank premises and equipment, net	16,768,218	17,007,798
Accrued income receivable	7,381,129	7,565,791
Other real estate owned	1,124,384	1,249,915
Deferred income taxes		1,276,571
Core deposit intangible, net	1,213,483	1,308,731
Goodwill	6,732,216	6,732,216
Other assets	975,895	1,106,698
Total assets	1,334,898,789	1,326,747,143
Deposits
Demand, noninterest bearing	193,177,754	202,542,011
NOW accounts	304,055,155	298,227,493
Savings and money market	369,326,455	354,026,475
Time, $250,000 and over	38,715,001	36,956,653
Other time	178,579,704	182,440,490
Total deposits	1,083,854,069	1,074,193,122
Securities sold under agreements to repurchase	50,379,586	54,289,915
Federal Home Loan Bank (FHLB) advances	15,500,000	18,542,203
Other borrowings	13,000,000	13,000,000
Deferred income taxes	139,019
Dividend payable	1,955,292	1,862,183
Accrued expenses and other liabilities	4,598,993	3,609,663
Total liabilities	1,169,426,959	1,165,497,086
STOCKHOLDERS' EQUITY
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,310,913 shares as of March 31, 2016 and December 31, 2015	18,621,826	18,621,826
Additional paid-in capital	20,878,728	20,878,728
Retained earnings	120,119,566	118,267,767
Accumulated other comprehensive income - net unrealized gain on securities available-for-sale	5,851,710	3,481,736
Total stockholders' equity	165,471,830	161,250,057
Total liabilities and stockholders' equity	$ 1,334,898,789	$ 1,326,747,143

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, shares authorized (in shares)	18,000,000	18,000,000
Common stock, shares issued (in shares)	9,310,913	9,310,913
Common stock, shares outstanding (in shares)	9,310,913	9,310,913

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Loans, including fees	$ 7,857,970	$ 7,399,690
Securities:
Taxable	1,495,310	1,566,398
Tax-exempt	1,400,031	1,486,360
Interest bearing deposits and federal funds sold	95,703	93,378
Total interest income	10,849,014	10,545,826
Interest expense:
Deposits	750,121	762,396
Other borrowed funds	263,370	338,163
Total interest expense	1,013,491	1,100,559
Net interest income	9,835,523	9,445,267
Provision for loan losses	192,014	77,300
Net interest income after provision for loan losses	9,643,509	9,367,967
Noninterest income:
Wealth management income	787,108	687,910
Service fees	397,091	394,559
Securities gains, net	201,693	4,949
Gain on sale of loans held for sale	176,757	213,986
Merchant and card fees	344,073	314,594
Other noninterest income	192,750	150,221
Total noninterest income	2,099,472	1,766,219
Noninterest expense:
Salaries and employee benefits	4,051,784	3,724,934
Data processing	761,132	664,535
Occupancy expenses, net	603,437	526,087
FDIC insurance assessments	163,988	182,996
Professional fees	267,916	292,438
Business development	235,160	232,844
Other real estate owned expense (income), net	(19,616)	148,063
Core deposit intangible amortization	95,248	113,623
Other operating expenses, net	275,675	253,337
Total noninterest expense	6,434,724	6,138,857
Income before income taxes	5,308,257	4,995,329
Provision for income taxes	1,501,166	1,360,400
Net income	$ 3,807,091	$ 3,634,929
Basic and diluted earnings per share (in dollars per share)	$ 0.41	$ 0.39
Cash dividends declared, per share (in dollars per share)	$ 0.21	$ 0.20

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net income	$ 3,807,091	$ 3,634,929
Other comprehensive income, before tax:
Unrealized holding gains arising during the period	3,963,557	3,494,946
Less: reclassification adjustment for gains realized in net income	201,693	4,949
Other comprehensive income, before tax	3,761,864	3,489,997
Tax effect related to other comprehensive income	(1,391,890)	(1,291,303)
Other comprehensive income, net of tax	2,369,974	2,198,694
Comprehensive income	$ 6,177,065	$ 5,833,623

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2014	$ 18,621,826	$ 20,878,728	$ 110,701,847	$ 4,472,017	$ 154,674,418
Net income			3,634,929		3,634,929
Other comprehensive income				2,198,694	2,198,694
Cash dividends declared			(1,862,183)		(1,862,183)
Balance at Mar. 31, 2015	18,621,826	20,878,728	112,474,593	6,670,711	158,645,858
Balance at Dec. 31, 2015	18,621,826	20,878,728	118,267,767	3,481,736	161,250,057
Net income			3,807,091		3,807,091
Other comprehensive income				2,369,974	2,369,974
Cash dividends declared			(1,955,292)		(1,955,292)
Balance at Mar. 31, 2016	$ 18,621,826	$ 20,878,728	$ 120,119,566	$ 5,851,710	$ 165,471,830

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Retained Earnings [Member]
Cash dividends declared, per share (in dollars per share)	$ 0.21	$ 0.20
Cash dividends declared, per share (in dollars per share)	$ 0.21	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 3,807,091	$ 3,634,929
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	192,014	77,300
Provision for off-balance sheet commitments	20,000
Amortization, net	760,460	887,871
Amortization of core deposit intangible asset	95,248	113,623
Depreciation	291,393	259,680
Deferred income taxes	23,700	(23,101)
Securities gains, net	(201,693)	(4,949)
Loss on sale of premises and equipment, net		1,132
Impairment of other real estate owned		27,453
(Gain) loss on sale of other real estate owned, net	(25,841)	55,742
Change in assets and liabilities:
Decrease in loans held for sale	95,799	352,650
(Increase) decrease in accrued income receivable	184,662	(47,118)
(Increase) decrease in other assets	129,371	(167,275)
Increase in accrued expenses and other liabilities	969,330	1,413,345
Net cash provided by operating activities	6,341,534	6,581,282
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available-for-sale	(6,944,567)	(23,877,871)
Proceeds from sale of securities available-for-sale	12,365,100	517,076
Proceeds from maturities and calls of securities available-for-sale	12,090,662	13,761,096
Net (increase) in interest bearing deposits in financial institutions	$ (32,745,919)	(30,745,866)
Decrease in federal funds sold		6,000
Net (increase) decrease in loans	$ 5,551,541	(2,390,660)
Net proceeds from the sale of other real estate owned	151,372	987,156
Purchase of bank premises and equipment, net	(50,381)	(100,967)
Net cash (used in) investing activities	(9,582,192)	(41,844,036)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in deposits	9,670,447	30,690,209
Increase (decrease) in securities sold under agreements to repurchase	(3,910,329)	7,536,306
Payments on FHLB borrowings and other borrowings	(3,042,203)	(73,616)
Dividends paid	(1,862,183)	(1,675,964)
Net cash provided by financing activities	855,732	36,476,935
Net increase (decrease) in cash and due from banks	(2,384,926)	1,214,181
Beginning	24,005,801	23,730,257
Ending	21,620,875	24,944,438
Cash payments for:
Interest	1,025,880	1,179,859
Income taxes	$ 12,000	$ 44,982

Note 1 - Significant Accounting

Note 1 - Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Significant Accounting Policies The consolidated financial statements for the three months ended March 31, 2016 and 2015 are unaudited. In the opinion of the management of Ames National Corporation (the "Company"), these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary to present fairly these consolidated financial statements. The results of operations for the interim periods are not necessarily indicative of results which may be expected for an entire year. Certain information and footnote disclosures normally included in complete financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the requirements for interim financial statements. The interim financial statements and notes thereto should be read in conjunction with the year-end audited financial statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report”). The consolidated financial statements include the accounts of the Company and its wholly-owned banking subsidiaries (the “Banks”). All significant intercompany balances and transactions have been eliminated in consolidation. Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not amortized, but is tested for impairment annually or whenever events change and circumstances indicate that it is more likely than not that an impairment loss has occurred. Goodwill is tested for impairment using a two-step process that begins with an estimation of the fair value of a reporting unit. The second step, if necessary, measures the amount of impairment, if any. Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At March 31, 2016, Company management has performed a goodwill impairment assessment and determined goodwill was not impaired. New Accounting Pronouncements: In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, Leases (Topic 842). The ASU requires a lessee to recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with current Generally Accepted Accounting Principles (“GAAP”), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. Unlike current GAAP, which requires that only capital leases be recognized on the balance sheet, the ASC requires that both types of leases by recognized on the balance sheet. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2018. Early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Among other items the ASC requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017. The effect of the adoption of this guidance has not yet been determined by the Company.

Note 2 - Dividends

Note 2 - Dividends	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Dividends Disclosure [Text Block]	2. Dividends On February 10, 2016, the Company declared a cash dividend on its common stock, payable on May 16, 2016 to stockholders of record as of May 1, 2016, equal to $0.21 per share.

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	3. Earnings Per Share Earnings per share amounts were calculated using the weighted average shares outstanding during the periods presented. The weighted average outstanding shares for the three months ended March 31, 2016 and 2015 were 9,310,913. The Company had no potentially dilutive securities outstanding during the periods presented.

Note 4 - Off-balance Sheet Arra

Note 4 - Off-balance Sheet Arrangements	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Loans and Leases Receivable Commitments [Text Block]	4. Off-Balance Sheet Arrangements The Company is party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the balance sheet. No material changes in the Company’s off-balance sheet arrangements have occurred since December 31, 2015.

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5. Fair Value Measurements Assets and liabilities carried at fair value are required to be classified and disclosed according to the process for determining fair value. There are three levels of determining fair value. Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatility, prepayment speeds, credit risk); or inputs derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The following table presents the balances of assets measured at fair value on a recurring basis by level as of March 31, 2016 and December 31, 2015. (in thousands) Description Total Level 1 Level 2 Level 3 2016 U.S. government treasuries $ 1,491 $ 1,491 $ - $ - U.S. government agencies 105,708 - 105,708 - U.S. government mortgage-backed securities 90,614 - 90,614 - State and political subdivisions 270,394 - 270,394 - Corporate bonds 52,026 - 52,026 - Equity securities, other 3,040 - 3,040 - $ 523,273 $ 1,491 $ 521,782 $ - 2015 U.S. government treasuries $ 1,467 $ 1,467 $ - $ - U.S. government agencies 106,445 - 106,445 - U.S. government mortgage-backed securities 98,079 - 98,079 - State and political subdivisions 277,597 - 277,597 - Corporate bonds 50,889 - 50,889 - Equity securities, other 3,156 - 3,156 - $ 537,633 $ 1,467 $ 536,166 $ - Level 1 securities include U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets. U.S government mortgage-backed securities, state and political subdivisions, most corporate bonds and other equity securities are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the security’s terms and conditions, among other things. The Company's policy is to recognize transfers between levels at the end of each reporting period, if applicable. There were no transfers between levels of the fair value hierarchy during the three months ended March 31, 2016. Certain assets are measured at fair value on a nonrecurring basis; that is, they are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following table presents the assets carried on the balance sheet (after specific reserves) by caption and by level within the valuation hierarchy as of March 31, 2016 and December 31, 2015. (in thousands) Description Total Level 1 Level 2 Level 3 2016 Loans receivable $ 1,012 $ - $ - $ 1,012 Other real estate owned 1,124 - - 1,124 Total $ 2,136 $ - $ - $ 2,136 2015 Loans receivable $ 603 $ - $ - $ 603 Other real estate owned 1,250 - - 1,250 Total $ 1,853 $ - $ - $ 1,853 Loans Receivable : Loans in the tables above consist of impaired credits held for investment. In accordance with the loan impairment guidance, impairment was measured based on the fair value of collateral less estimated selling costs for collateral dependent loans. Fair value for impaired loans is based upon appraised values of collateral adjusted for trends observed in the market. A valuation allowance was recorded for the excess of the loan’s recorded investment over the amounts determined by the collateral value method. This valuation allowance is a component of the allowance for loan losses. The Company considers these fair value measurements as level 3. Other Real Estate Owned: The significant inputs used in the fair value measurements for Level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2016 and December 31, 2015 are as follows: (in thousands) 2016 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 1,012 Evaluation of collateral Estimation of value NM* Other real estate owned $ 1,124 Appraisal Appraisal adjustment 3% - 10% (6%) 2015 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 603 Evaluation of collateral Estimation of value NM* Other real estate owned $ 1,250 Appraisal Appraisal adjustment 6% - 10% (8%) * Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered included aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful. Accounting principles generally accepted in the United States of America (GAAP) requires disclosure of the fair value of financial assets and financial liabilities, including those that are not measured and reported at fair value on a recurring basis or nonrecurring basis. The methodologies for estimating the fair value of financial assets and financial liabilities that are measured at fair value on a recurring or nonrecurring basis are discussed above. The methodologies for other financial assets and financial liabilities are discussed below. Fair value of financial instruments: Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated balance sheets. In cases in which quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases could not be realized in immediate settlement of the instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. The following disclosures represent financial instruments in which the ending balances at March 31, 2016 and December 31, 2015 are not carried at fair value in their entirety on the consolidated balance sheets. Cash and due from banks and interest bearing deposits in financial institutions: Securities available-for-sale U.S government mortgage-backed securities, state and political subdivisions, some corporate bonds and other equity securities are reported at fair value utilizing Level 2 inputs. Loans receivable Loans held for sale Deposit s Securities sold under agreements to repurchase FHLB advances and other borrowings: Accrued income receivable and accrued interest payable Commitments to extend credit and standby letters of credit: Limitations The estimated fair values of the Company’s financial instruments as described above as of March 31, 2016 and December 31, 2015 are as follows: (in thousands) 2016 2015 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 21,621 $ 21,621 $ 24,006 $ 24,006 Interest bearing deposits Level 1 59,739 59,739 26,993 26,993 Securities available-for-sale See previous table 523,273 523,273 537,633 537,633 Loans receivable, net Level 2 695,627 691,935 701,328 702,438 Loans held for sale Level 2 444 444 539 539 Accrued income receivable Level 1 7,381 7,381 7,566 7,566 Financial liabilities: Deposits Level 2 $ 1,083,854 $ 1,085,214 $ 1,074,193 $ 1,075,289 Securities sold under agreements to repurchase Level 1 50,380 50,380 54,290 54,290 FHLB advances Level 2 15,500 15,897 18,542 19,017 Other borrowings Level 2 13,000 13,727 13,000 13,807 Accrued interest payable Level 1 410 410 413 413 The methodologies used to determine fair value as of March 31, 2016 did not change from the methodologies described in the December 31, 2015 Annual Financial Statements.

Note 6 - Debt and Equity Securi

Note 6 - Debt and Equity Securities	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	6. Debt and Equity Securities The amortized cost of securities available-for-sale and their fair values as of March 31, 2016 and December 31, 2015 are summarized below: (in thousands) 2016: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,448 $ 43 $ - $ 1,491 U.S. government agencies 103,728 1,996 (16 ) 105,708 U.S. government mortgage-backed securities 88,414 2,217 (17 ) 90,614 State and political subdivisions 265,624 5,135 (365 ) 270,394 Corporate bonds 51,730 562 (266 ) 52,026 Equity securities, other 3,040 - - 3,040 $ 513,984 $ 9,953 $ (664 ) $ 523,273 2015: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,444 $ 23 $ - $ 1,467 U.S. government agencies 105,948 797 (300 ) 106,445 U.S. government mortgage-backed securities 96,373 1,828 (123 ) 98,078 State and political subdivisions 273,771 4,359 (533 ) 277,597 Corporate bonds 51,414 227 (751 ) 50,890 Equity securities, other 3,156 - - 3,156 $ 532,106 $ 7,234 $ (1,707 ) $ 537,633 The proceeds, gains and losses from securities available-for-sale are summarized as follows: (in thousands) Three Months Ended March 31, 2016 2015 Proceeds from sales of securities available-for-sale $ 12,365 $ 517 Gross realized gains on securities available-for-sale 208 5 Gross realized losses on securities available-for-sale (6 ) - Tax provision applicable to net realized gains on securities available-for-sale 71 2 Unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are summarized as of March 31, 2016 and December 31, 2015 are as follows: (in thousands) Less than 12 Months 12 Months or More Total 2016: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 3,038 $ (16 ) $ - $ - $ 3,038 $ (16 ) U.S. government mortgage-backed securities 2,503 (2 ) 2,791 (15 ) 5,294 (17 ) State and political subdivisions 21,955 (337 ) 3,874 (28 ) 25,829 (365 ) Corporate bonds 6,823 (47 ) 9,369 (219 ) 16,192 (266 ) $ 34,319 $ (402 ) $ 16,034 $ (262 ) $ 50,353 $ (664 ) Less than 12 Months 12 Months or More Total 2015: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 30,245 $ (253 ) $ 3,121 $ (47 ) $ 33,366 $ (300 ) U.S. government mortgage-backed securities 22,842 (123 ) - - 22,842 (123 ) State and political subdivisions 38,202 (414 ) 11,096 (119 ) 49,298 (533 ) Corporate bonds 22,091 (249 ) 14,614 (502 ) 36,705 (751 ) $ 113,380 $ (1,039 ) $ 28,831 $ (668 ) $ 142,211 $ (1,707 ) Gross unrealized losses on debt securities totaled $664,000 as of March 31, 2016. These unrealized losses are generally due to changes in interest rates or general market conditions. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, state or political subdivision, or corporations. Management then determines whether downgrades by bond rating agencies have occurred, and reviews industry analysts’ reports. The Company’s procedures for evaluating investments in states, municipalities and political subdivisions include but are not limited to reviewing the offering statement and the most current available financial information, comparing yields to yields of bonds of similar credit quality, confirming capacity to repay, assessing operating and financial performance, evaluating the stability of tax revenues, considering debt profiles and local demographics, and for revenue bonds, assessing the source and strength of revenue structures for municipal authorities. These procedures, as applicable, are utilized for all municipal purchases and are utilized in whole or in part for monitoring the portfolio of municipal holdings. The Company does not utilize third party credit rating agencies as a primary component of determining if the municipal issuer has an adequate capacity to meet the financial commitments under the security for the projected life of the investment, and, therefore, does not compare internal assessments to those of the credit rating agencies. Credit rating downgrades are utilized as an additional indicator of credit weakness and as a reference point for historical default rates. Management concluded that the gross unrealized losses on debt securities were temporary. Due to potential changes in conditions, it is at least reasonably possible that changes in fair values and management’s assessments will occur in the near term and that such changes could materially affect the amounts reported in the Company’s financial statements.

Note 7 - Loans Receivable and C

Note 7 - Loans Receivable and Credit Disclosures	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Financing Receivables [Text Block]	7. Loans Receivable and Credit Disclosures Activity in the allowance for loan losses, on a disaggregated basis, for the three months ended March 31, 2016 and 2015 is as follows: (in thousands) Three Months Ended March 31, 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 Provision (credit) for loan losses (212 ) (51 ) 206 57 105 66 21 192 Recoveries of loans charged-off - 2 - - 1 - 1 4 Loans charged-off - - - - (77 ) - (5 ) (82 ) Balance, March 31, 2016 $ 787 $ 1,757 $ 3,763 $ 817 $ 1,400 $ 1,322 $ 256 $ 10,102 Three Months Ended March 31, 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2014 $ 495 $ 1,648 $ 3,214 $ 737 $ 1,247 $ 1,312 $ 186 $ 8,839 Provision (credit) for loan losses 36 100 24 32 (111 ) (14 ) 10 77 Recoveries of loans charged-off 5 4 - - 1 1 1 12 Loans charged-off - - - - - (2 ) - (2 ) Balance, March 31, 2015 $ 536 $ 1,752 $ 3,238 $ 769 $ 1,137 $ 1,297 $ 197 $ 8,926 Allowance for loan losses disaggregated on the basis of impairment analysis method as of March 31, 2016 and December 31, 2015 is as follows: (in thousands ) 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 162 $ - $ - $ 207 $ - $ - $ 369 Collectively evaluated for impairment 787 1,595 3,763 817 1,193 1,322 256 9,733 Balance March 31, 2016 $ 787 $ 1,757 $ 3,763 $ 817 $ 1,400 $ 1,322 $ 256 $ 10,102 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 273 $ 2 $ - $ 164 $ - $ - $ 439 Collectively evaluated for impairment 999 1,533 3,555 760 1,207 1,256 239 9,549 Balance December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 Loans receivable disaggregated on the basis of impairment analysis method as of March 31, 2016 and December 31, 2015 is as follows (in thousands) 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,140 $ 505 $ - $ 744 $ 11 $ 85 $ 2,485 Collectively evaluated for impairment 48,933 133,997 276,840 66,868 75,261 79,218 22,216 703,333 Balance March 31, 2016 $ 48,933 $ 135,137 $ 277,345 $ 66,868 $ 76,005 $ 79,229 $ 22,301 $ 705,818 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,050 $ 558 $ - $ 197 $ 11 $ 2 $ 1,818 Collectively evaluated for impairment 66,268 126,026 251,331 62,530 102,318 79,522 21,597 709,592 Balance December 31, 2015 $ 66,268 $ 127,076 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 21,599 $ 711,410 A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payment of principal and interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. The Company will apply its normal loan review procedures to identify loans that should be evaluated for impairment. The following is a recap of impaired loans, on a disaggregated basis, as of March 31, 2016 and December 31, 2015: (in thousands) 2016 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ 31 $ - $ - $ 31 $ - Real estate - 1 to 4 family residential 493 508 - 296 304 - Real estate - commercial 505 1,096 - 456 1,030 - Real estate - agricultural - - - - - - Commercial 10 17 - 11 17 - Agricultural 11 13 - 11 13 - Consumer and other 85 86 - 2 2 - Total loans with no specific reserve: 1,104 1,751 - 776 1,397 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 647 786 162 754 891 273 Real estate - commercial - - - 102 111 2 Real estate - agricultural - - - - - - Commercial 734 744 207 186 262 164 Agricultural - - - - - - Consumer and other - - - - - - Total loans with specific reserve: 1,381 1,530 369 1,042 1,264 439 Total Real estate - construction - 31 - - 31 - Real estate - 1 to 4 family residential 1,140 1,294 162 1,050 1,195 273 Real estate - commercial 505 1,096 - 558 1,141 2 Real estate - agricultural - - - - - - Commercial 744 761 207 197 279 164 Agricultural 11 13 - 11 13 - Consumer and other 85 86 - 2 2 - $ 2,485 $ 3,281 $ 369 $ 1,818 $ 2,661 $ 439 The following is a recap of the average recorded investment and interest income recognized on impaired loans for the three months ended March 31, 2016 and 2015: (in thousands) Three Months Ended March 31, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ 192 $ - Real estate - 1 to 4 family residential 395 1 72 - Real estate - commercial 481 - 633 - Real estate - agricultural - - - - Commercial 11 - 458 3 Agricultural 11 - 15 - Consumer and other 44 - 6 1 Total loans with no specific reserve: 942 1 1,376 4 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 701 5 783 - Real estate - commercial 51 - 157 - Real estate - agricultural - - - - Commercial 460 - 81 - Agricultural - - - - Consumer and other - - - - Total loans with specific reserve: 1,212 5 1,021 - Total Real estate - construction - - 192 - Real estate - 1 to 4 family residential 1,096 6 855 - Real estate - commercial 532 - 790 - Real estate - agricultural - - - - Commercial 471 - 539 3 Agricultural 11 - 15 - Consumer and other 44 - 6 1 $ 2,154 $ 6 $ 2,397 $ 4 The interest foregone on nonaccrual loans for the three months ended March 31, 2016 and 2015 was approximately $39,000 and $44,000, respectively. The Company had loans meeting the definition of a troubled debt restructuring (TDR) of $806,000 as of March 31, 2016, of which all were included in impaired loans and nonaccrual loans. The Company had TDRs of $780,000 as of December 31, 2015, all of which were included in impaired and nonaccrual loans. The following tables sets forth information on the Company’s TDRs, on a disaggregated basis, occurring in the three months ended March 31, 2016 and 2015: ( dollars in thousands) Three Months Ended March 31, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other 3 70 70 - - - 3 $ 70 $ 70 - $ - $ - During the three months ended March 31, 2016, the Company granted concessions to borrowers experiencing financial difficulties for three loans. The three consumer loans were extended beyond normal terms at an interest rate below a market interest rate. The Company did not grant any concessions on any significant loans experiencing financial difficulties during the three months ended March 31, 2015. The Company considers TDR loans to have payment default when it is past due 60 days or more. No TDR loan modified during the twelve months ended March 31, 2016 and 2015 had a payment default. There were no charge-offs related to TDRs for the three months ended March 31, 2016 and 2015. An aging analysis of the recorded investments in loans, on a disaggregated basis, as of March 31, 2016 and December 31, 2015, is as follows: (in thousands) 2016 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 48,933 $ 48,933 $ - Real estate - 1 to 4 family residential 1,124 184 1,308 133,829 135,137 - Real estate - commercial - - - 277,345 277,345 - Real estate - agricultural - - - 66,868 66,868 - Commercial 1,968 94 2,062 73,943 76,005 - Agricultural 174 - 174 79,055 79,229 - Consumer and other 48 3 51 22,250 22,301 - $ 3,314 $ 281 $ 3,595 $ 702,223 $ 705,818 $ - 2015 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 66,268 $ 66,268 $ - Real estate - 1 to 4 family residential 1,311 307 1,618 125,458 127,076 75 Real estate - commercial 1,356 - 1,356 250,533 251,889 - Real estate - agricultural - - - 62,530 62,530 - Commercial 266 204 470 102,045 102,515 - Agricultural - - - 79,533 79,533 - Consumer and other 79 - 79 21,520 21,599 - $ 3,012 $ 511 $ 3,523 $ 707,887 $ 711,410 $ 75 The credit risk profile by internally assigned grade, on a disaggregated basis, as of March 31, 2016 and December 31, 2015 is as follows: (in thousands) 2016 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 43,139 $ 254,233 $ 54,996 $ 59,317 $ 59,092 $ 470,777 Watch 4,625 16,027 11,392 13,940 18,141 64,125 Special Mention - 770 - 185 41 996 Substandard 1,169 5,810 480 1,819 1,944 11,222 Substandard-Impaired - 505 - 744 11 1,260 $ 48,933 $ 277,345 $ 66,868 $ 76,005 $ 79,229 $ 548,380 2015 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 60,700 $ 227,425 $ 55,503 $ 91,096 $ 71,457 $ 506,181 Watch 4,487 17,523 6,865 8,329 7,156 44,360 Special Mention - 388 - 224 81 693 Substandard 1,081 5,995 162 2,669 828 10,735 Substandard-Impaired - 558 - 197 11 766 $ 66,268 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 562,735 The credit risk profile based on payment activity, on a disaggregated basis, as of March 31, 2016 and December 31, 2015 is as follows: 2016 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 133,994 $ 22,221 $ 156,215 Non-performing 1,143 80 1,223 $ 135,137 $ 22,301 $ 157,438 2015 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 125,951 $ 21,597 $ 147,548 Non-performing 1,125 2 1,127 $ 127,076 $ 21,599 $ 148,675

Note 8 - Other Real Estate Owne

Note 8 - Other Real Estate Owned	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Real Estate Owned [Text Block]	8. Other Real Estate Owned The following table provides the composition of other real estate owned as of March 31, 2016 and December 31, 2015: (in thousands) 2016 2015 Construction and land development $ 739 $ 739 1 to 4 family residential real estate 385 511 $ 1,124 $ 1,250 The Company is actively marketing the assets referred to in the table above. Management uses appraised values and adjusts for trends observed in the market and for disposition costs in determining the value of other real estate owned. The assets above are primarily located in the Ames, Iowa area.

Note 9 - Goodwill

Note 9 - Goodwill	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Goodwill Disclosure [Text Block]	9. Goodwill Goodwill is not amortized but is evaluated for impairment at least annually. For income tax purposes, goodwill is amortized over fifteen years.

Note 10 - Core Deposit Intangib

Note 10 - Core Deposit Intangible Asset	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	10. Core deposit intangible asset The following sets forth the carrying amounts and accumulated amortization of core deposit intangible assets at March 31, 2016 and December 31, 2015: (in thousands) 2016 2015 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 2,518 $ 1,304 $ 2,518 $ 1,209 The weighted average life of the core deposit intangible is 3 years as of March 31, 2016 and December 31, 2015. The following sets forth the activity related to core deposit intangible assets for the three months ended March 31, 2016 and 2015: (in thousands) Three Months Ended March 31, 2016 2015 Beginning core deposit intangible, net $ 1,309 $ 1,730 Amortization (95 ) (113 ) Ending core deposit intangible, net $ 1,214 $ 1,617 Estimated remaining amortization expense on core deposit intangible for the years ending December 31 st (in thousands) 2016 $ 258 2017 298 2018 251 2019 128 2020 71 2021 71 After 137 $ 1,214

Note 11 - Secured Borrowings

Note 11 - Secured Borrowings	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	11. Secured Borrowings The following sets forth the pledged collateral at estimated fair value related to securities sold under repurchase agreements and term repurchase agreements as of March 31, 2016 and December 31, 2015: (in thousands) 2016 2015 Remaining Contractual Maturity of the Agreements Greater than Greater than Overnight 90 days Total Overnight 90 days Total Securities sold under agreements to repurchase: U.S. government treasuries $ 1,491 $ - $ 1,491 $ 1,467 $ - $ 1,467 U.S. government agencies 47,371 - 47,371 46,755 - 46,755 U.S. government mortgage-backed securities 37,678 - 37,678 41,657 - 41,657 Total $ 86,540 $ - $ 86,540 $ 89,879 $ - $ 89,879 Term repurchase agreements (Other 3borrowings): U.S. government agencies $ - $ 14,324 $ 14,324 $ - $ 12,503 $ 12,503 U.S. government mortgage-backed securities - 449 449 - 676 676 Total $ - $ 14,773 $ 14,773 $ - $ 13,179 $ 13,179 Total pledged collateral $ 86,540 $ 14,773 $ 101,313 $ 89,879 $ 13,179 $ 103,058 In the event the repurchase agreements exceed the estimated fair value of the pledged securities available-for-sale, the Company has unpledged securities available-for-sale that may be pledged on the repurchase agreements.

Note 12 - Regulatory Matters

Note 12 - Regulatory Matters	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	12. Regulatory Matters The Company and the Banks capital amounts and ratios are as follows: ( dollars in thousands To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of March 31, 2016: Total capital (to risk- weighted assets): Consolidated $ 157,291 16.615 % $ 75,735 8.000 % N/A N/A Boone Bank & Trust 14,675 15.281 7,683 8.000 $ 9,603 10.000 % First National Bank 75,026 15.751 38,107 8.000 47,633 10.000 Reliance State Bank 24,683 13.655 14,461 8.000 18,076 10.000 State Bank & Trust 19,861 16.720 9,503 8.000 11,878 10.000 United Bank & Trust 14,714 20.822 5,653 8.000 7,067 10.000 Tier 1 capital (to risk- weighted assets): Consolidated $ 146,660 15.492 % $ 56,801 6.000 % N/A N/A Boone Bank & Trust 13,719 14.286 5,762 6.000 $ 7,683 8.000 % First National Bank 69,982 14.692 28,580 6.000 38,107 8.000 Reliance State Bank 22,745 12.583 10,846 6.000 14,461 8.000 State Bank & Trust 18,373 15.468 7,127 6.000 9,503 8.000 United Bank & Trust 13,950 19.741 4,240 6.000 5,653 8.000 Tier 1 capital (to average- weighted assets): Consolidated $ 146,660 11.306 % $ 51,888 4.000 % N/A N/A Boone Bank & Trust 13,719 10.309 5,323 4.000 $ 6,654 5.000 % First National Bank 69,982 10.112 27,682 4.000 34,603 5.000 Reliance State Bank 22,745 10.791 8,431 4.000 10,539 5.000 State Bank & Trust 18,373 11.936 6,157 4.000 7,697 5.000 United Bank & Trust 13,950 12.527 4,454 4.000 5,568 5.000 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 146,660 15.492 % $ 42,601 4.500 % N/A N/A Boone Bank & Trust 13,719 14.286 4,321 4.500 $ 6,242 6.500 % First National Bank 69,982 14.692 21,435 4.500 30,962 6.500 Reliance State Bank 22,745 12.583 8,134 4.500 11,750 6.500 State Bank & Trust 18,373 15.468 5,345 4.500 7,721 6.500 United Bank & Trust 13,950 19.741 3,180 4.500 4,593 6.500 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015: Total capital (to risk- weighted assets): Consolidated $ 157,926 16.6 % $ 76,179 8.0 % N/A N/A Boone Bank & Trust 14,525 15.5 7,477 8.0 $ 9,346 10.0 % First National Bank 74,210 15.3 38,859 8.0 48,574 10.0 Reliance State Bank 24,287 13.8 14,101 8.0 17,626 10.0 State Bank & Trust 19,658 16.2 9,729 8.0 12,161 10.0 United Bank & Trust 14,621 20.6 5,693 8.0 7,116 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 147,430 15.5 % $ 57,134 6.0 % N/A N/A Boone Bank & Trust 13,569 14.5 5,608 6.0 $ 7,477 8.0 % First National Bank 69,157 14.2 29,144 6.0 38,859 8.0 Reliance State Bank 22,491 12.8 10,575 6.0 14,101 8.0 State Bank & Trust 18,135 14.9 7,297 6.0 9,729 8.0 United Bank & Trust 13,858 19.5 4,269 6.0 5,693 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 147,430 11.3 % $ 52,657 4.0 % N/A N/A Boone Bank & Trust 13,569 9.8 5,557 4.0 $ 6,946 5.0 % First National Bank 69,157 9.9 27,970 4.0 34,963 5.0 Reliance State Bank 22,491 10.7 8,380 4.0 10,476 5.0 State Bank & Trust 18,135 11.5 6,332 4.0 7,915 5.0 United Bank & Trust 13,858 12.5 4,452 4.0 5,565 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 147,430 15.5 % $ 42,851 4.5 % N/A N/A Boone Bank & Trust 13,569 14.5 4,206 4.5 $ 6,075 6.5 % First National Bank 69,157 14.2 21,858 4.5 31,573 6.5 Reliance State Bank 22,491 12.8 7,932 4.5 11,457 6.5 State Bank & Trust 18,135 14.9 5,473 4.5 7,905 6.5 United Bank & Trust 13,858 19.5 3,202 4.5 4,625 6.5 As disclosed in the Company's Form 10-K filed with the Securities and Exchange Commission on March 11, 2016, in July of 2013, the Federal Reserve Board and the FDIC issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revise minimum capital requirements and adjust prompt corrective action thresholds. The final rules revise the regulatory capital elements, add a new common equity Tier I capital ratio, increase the minimum Tier 1 capital ratio requirements and implement a new capital conservation buffer. The rules also permit certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. The Company and the Banks have made the election to retain the existing treatment for accumulated other comprehensive income. The final rules took effect for the Company and the Banks on January 1, 2015, subject to a transition period for certain parts of the rules. Beginning in 2016, an additional capital conservation buffer will be added to the minimum requirements for capital adequacy purposes, subject to a three year phase-in period. The capital conservation buffer will be fully phased-in on January 1, 2019 at 2.5 percent. A banking organization with a conservation buffer of less than 2.5 percent (or the required phase-in amount in years prior to 2019) will be subject to limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. At the present time, the ratios for the Company and the Banks are sufficient to meet the fully phased-in conservation buffer.

Note 13 - Subsequent Events

Note 13 - Subsequent Events	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	13. Subsequent Events Management evaluated subsequent events through the date the financial statements were issued. There were no significant events or transactions occurring after March 31, 2016, but prior to May 6, 2016, that provided additional evidence about conditions that existed at March 31, 2016. There were no other significant events or transactions that provided evidence about conditions that did not exist at March 31, 2016.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	The consolidated financial statements for the three months ended March 31, 2016 and 2015 are unaudited. In the opinion of the management of Ames National Corporation (the "Company"), these financial statements reflect all adjustments, consisting only of normal recurring accruals, necessary to present fairly these consolidated financial statements. The results of operations for the interim periods are not necessarily indicative of results which may be expected for an entire year. Certain information and footnote disclosures normally included in complete financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted in accordance with the requirements for interim financial statements. The interim financial statements and notes thereto should be read in conjunction with the year-end audited financial statements contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report”). The consolidated financial statements include the accounts of the Company and its wholly-owned banking subsidiaries (the “Banks”). All significant intercompany balances and transactions have been eliminated in consolidation.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill: Goodwill represents the excess of cost over the fair value of net assets acquired. Goodwill resulting from acquisitions is not amortized, but is tested for impairment annually or whenever events change and circumstances indicate that it is more likely than not that an impairment loss has occurred. Goodwill is tested for impairment using a two-step process that begins with an estimation of the fair value of a reporting unit. The second step, if necessary, measures the amount of impairment, if any. Significant judgment is applied when goodwill is assessed for impairment. This judgment includes developing cash flow projections, selecting appropriate discount rates, identifying relevant market comparables, incorporating general economic and market conditions and selecting an appropriate control premium. At March 31, 2016, Company management has performed a goodwill impairment assessment and determined goodwill was not impaired.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements: In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, Leases (Topic 842). The ASU requires a lessee to recognize on the balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with current Generally Accepted Accounting Principles (“GAAP”), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. Unlike current GAAP, which requires that only capital leases be recognized on the balance sheet, the ASC requires that both types of leases by recognized on the balance sheet. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2018. Early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Among other items the ASC requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2017. The effect of the adoption of this guidance has not yet been determined by the Company.

Note 5 - Fair Value Measureme23

Note 5 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Description Total Level 1 Level 2 Level 3 2016 U.S. government treasuries $ 1,491 $ 1,491 $ - $ - U.S. government agencies 105,708 - 105,708 - U.S. government mortgage-backed securities 90,614 - 90,614 - State and political subdivisions 270,394 - 270,394 - Corporate bonds 52,026 - 52,026 - Equity securities, other 3,040 - 3,040 - $ 523,273 $ 1,491 $ 521,782 $ - 2015 U.S. government treasuries $ 1,467 $ 1,467 $ - $ - U.S. government agencies 106,445 - 106,445 - U.S. government mortgage-backed securities 98,079 - 98,079 - State and political subdivisions 277,597 - 277,597 - Corporate bonds 50,889 - 50,889 - Equity securities, other 3,156 - 3,156 - $ 537,633 $ 1,467 $ 536,166 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Description Total Level 1 Level 2 Level 3 2016 Loans receivable $ 1,012 $ - $ - $ 1,012 Other real estate owned 1,124 - - 1,124 Total $ 2,136 $ - $ - $ 2,136 2015 Loans receivable $ 603 $ - $ - $ 603 Other real estate owned 1,250 - - 1,250 Total $ 1,853 $ - $ - $ 1,853
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	2016 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 1,012 Evaluation of collateral Estimation of value NM* Other real estate owned $ 1,124 Appraisal Appraisal adjustment 3% - 10% (6%) 2015 Estimated Valuation Range Fair Value Techniques Unobservable Inputs (Average) Impaired Loans $ 603 Evaluation of collateral Estimation of value NM* Other real estate owned $ 1,250 Appraisal Appraisal adjustment 6% - 10% (8%)
Fair Value, by Balance Sheet Grouping [Table Text Block]	2016 2015 Fair Value Estimated Estimated Hierarchy Carrying Fair Carrying Fair Level Amount Value Amount Value Financial assets: Cash and due from banks Level 1 $ 21,621 $ 21,621 $ 24,006 $ 24,006 Interest bearing deposits Level 1 59,739 59,739 26,993 26,993 Securities available-for-sale See previous table 523,273 523,273 537,633 537,633 Loans receivable, net Level 2 695,627 691,935 701,328 702,438 Loans held for sale Level 2 444 444 539 539 Accrued income receivable Level 1 7,381 7,381 7,566 7,566 Financial liabilities: Deposits Level 2 $ 1,083,854 $ 1,085,214 $ 1,074,193 $ 1,075,289 Securities sold under agreements to repurchase Level 1 50,380 50,380 54,290 54,290 FHLB advances Level 2 15,500 15,897 18,542 19,017 Other borrowings Level 2 13,000 13,727 13,000 13,807 Accrued interest payable Level 1 410 410 413 413

Note 6 - Debt and Equity Secu24

Note 6 - Debt and Equity Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	2016: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,448 $ 43 $ - $ 1,491 U.S. government agencies 103,728 1,996 (16 ) 105,708 U.S. government mortgage-backed securities 88,414 2,217 (17 ) 90,614 State and political subdivisions 265,624 5,135 (365 ) 270,394 Corporate bonds 51,730 562 (266 ) 52,026 Equity securities, other 3,040 - - 3,040 $ 513,984 $ 9,953 $ (664 ) $ 523,273 2015: Gross Gross Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value U.S. government treasuries $ 1,444 $ 23 $ - $ 1,467 U.S. government agencies 105,948 797 (300 ) 106,445 U.S. government mortgage-backed securities 96,373 1,828 (123 ) 98,078 State and political subdivisions 273,771 4,359 (533 ) 277,597 Corporate bonds 51,414 227 (751 ) 50,890 Equity securities, other 3,156 - - 3,156 $ 532,106 $ 7,234 $ (1,707 ) $ 537,633
Realized Gain (Loss) on Investments [Table Text Block]	Three Months Ended March 31, 2016 2015 Proceeds from sales of securities available-for-sale $ 12,365 $ 517 Gross realized gains on securities available-for-sale 208 5 Gross realized losses on securities available-for-sale (6 ) - Tax provision applicable to net realized gains on securities available-for-sale 71 2
Schedule of Unrealized Loss on Investments [Table Text Block]	Less than 12 Months 12 Months or More Total 2016: Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 3,038 $ (16 ) $ - $ - $ 3,038 $ (16 ) U.S. government mortgage-backed securities 2,503 (2 ) 2,791 (15 ) 5,294 (17 ) State and political subdivisions 21,955 (337 ) 3,874 (28 ) 25,829 (365 ) Corporate bonds 6,823 (47 ) 9,369 (219 ) 16,192 (266 ) $ 34,319 $ (402 ) $ 16,034 $ (262 ) $ 50,353 $ (664 ) Less than 12 Months 12 Months or More Total 2015: Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Securities available-for-sale: U.S. government agencies $ 30,245 $ (253 ) $ 3,121 $ (47 ) $ 33,366 $ (300 ) U.S. government mortgage-backed securities 22,842 (123 ) - - 22,842 (123 ) State and political subdivisions 38,202 (414 ) 11,096 (119 ) 49,298 (533 ) Corporate bonds 22,091 (249 ) 14,614 (502 ) 36,705 (751 ) $ 113,380 $ (1,039 ) $ 28,831 $ (668 ) $ 142,211 $ (1,707 )

Note 7 - Loans Receivable and25

Note 7 - Loans Receivable and Credit Disclosures (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended March 31, 2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988 Provision (credit) for loan losses (212 ) (51 ) 206 57 105 66 21 192 Recoveries of loans charged-off - 2 - - 1 - 1 4 Loans charged-off - - - - (77 ) - (5 ) (82 ) Balance, March 31, 2016 $ 787 $ 1,757 $ 3,763 $ 817 $ 1,400 $ 1,322 $ 256 $ 10,102 Three Months Ended March 31, 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Balance, December 31, 2014 $ 495 $ 1,648 $ 3,214 $ 737 $ 1,247 $ 1,312 $ 186 $ 8,839 Provision (credit) for loan losses 36 100 24 32 (111 ) (14 ) 10 77 Recoveries of loans charged-off 5 4 - - 1 1 1 12 Loans charged-off - - - - - (2 ) - (2 ) Balance, March 31, 2015 $ 536 $ 1,752 $ 3,238 $ 769 $ 1,137 $ 1,297 $ 197 $ 8,926
Allowance for Loan Losses Disaggregated on Basis of Impairment Analysis Method [Table Text Block]	2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 162 $ - $ - $ 207 $ - $ - $ 369 Collectively evaluated for impairment 787 1,595 3,763 817 1,193 1,322 256 9,733 Balance March 31, 2016 $ 787 $ 1,757 $ 3,763 $ 817 $ 1,400 $ 1,322 $ 256 $ 10,102 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 273 $ 2 $ - $ 164 $ - $ - $ 439 Collectively evaluated for impairment 999 1,533 3,555 760 1,207 1,256 239 9,549 Balance December 31, 2015 $ 999 $ 1,806 $ 3,557 $ 760 $ 1,371 $ 1,256 $ 239 $ 9,988
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	2016 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,140 $ 505 $ - $ 744 $ 11 $ 85 $ 2,485 Collectively evaluated for impairment 48,933 133,997 276,840 66,868 75,261 79,218 22,216 703,333 Balance March 31, 2016 $ 48,933 $ 135,137 $ 277,345 $ 66,868 $ 76,005 $ 79,229 $ 22,301 $ 705,818 2015 1-4 Family Construction Residential Commercial Agricultural Consumer Real Estate Real Estate Real Estate Real Estate Commercial Agricultural and Other Total Individually evaluated for impairment $ - $ 1,050 $ 558 $ - $ 197 $ 11 $ 2 $ 1,818 Collectively evaluated for impairment 66,268 126,026 251,331 62,530 102,318 79,522 21,597 709,592 Balance December 31, 2015 $ 66,268 $ 127,076 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 21,599 $ 711,410
Impaired Financing Receivables [Table Text Block]	2016 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no specific reserve recorded: Real estate - construction $ - $ 31 $ - $ - $ 31 $ - Real estate - 1 to 4 family residential 493 508 - 296 304 - Real estate - commercial 505 1,096 - 456 1,030 - Real estate - agricultural - - - - - - Commercial 10 17 - 11 17 - Agricultural 11 13 - 11 13 - Consumer and other 85 86 - 2 2 - Total loans with no specific reserve: 1,104 1,751 - 776 1,397 - With an allowance recorded: Real estate - construction - - - - - - Real estate - 1 to 4 family residential 647 786 162 754 891 273 Real estate - commercial - - - 102 111 2 Real estate - agricultural - - - - - - Commercial 734 744 207 186 262 164 Agricultural - - - - - - Consumer and other - - - - - - Total loans with specific reserve: 1,381 1,530 369 1,042 1,264 439 Total Real estate - construction - 31 - - 31 - Real estate - 1 to 4 family residential 1,140 1,294 162 1,050 1,195 273 Real estate - commercial 505 1,096 - 558 1,141 2 Real estate - agricultural - - - - - - Commercial 744 761 207 197 279 164 Agricultural 11 13 - 11 13 - Consumer and other 85 86 - 2 2 - $ 2,485 $ 3,281 $ 369 $ 1,818 $ 2,661 $ 439
Average Investment in Impaired Loans and Interest Income Recognized [Table Text Block]	Three Months Ended March 31, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no specific reserve recorded: Real estate - construction $ - $ - $ 192 $ - Real estate - 1 to 4 family residential 395 1 72 - Real estate - commercial 481 - 633 - Real estate - agricultural - - - - Commercial 11 - 458 3 Agricultural 11 - 15 - Consumer and other 44 - 6 1 Total loans with no specific reserve: 942 1 1,376 4 With an allowance recorded: Real estate - construction - - - - Real estate - 1 to 4 family residential 701 5 783 - Real estate - commercial 51 - 157 - Real estate - agricultural - - - - Commercial 460 - 81 - Agricultural - - - - Consumer and other - - - - Total loans with specific reserve: 1,212 5 1,021 - Total Real estate - construction - - 192 - Real estate - 1 to 4 family residential 1,096 6 855 - Real estate - commercial 532 - 790 - Real estate - agricultural - - - - Commercial 471 - 539 3 Agricultural 11 - 15 - Consumer and other 44 - 6 1 $ 2,154 $ 6 $ 2,397 $ 4
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended March 31, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Real estate - construction - $ - $ - - $ - $ - Real estate - 1 to 4 family residential - - - - - - Real estate - commercial - - - - - - Real estate - agricultural - - - - - - Commercial - - - - - - Agricultural - - - - - - Consumer and other 3 70 70 - - - 3 $ 70 $ 70 - $ - $ -
Past Due Financing Receivables [Table Text Block]	2016 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 48,933 $ 48,933 $ - Real estate - 1 to 4 family residential 1,124 184 1,308 133,829 135,137 - Real estate - commercial - - - 277,345 277,345 - Real estate - agricultural - - - 66,868 66,868 - Commercial 1,968 94 2,062 73,943 76,005 - Agricultural 174 - 174 79,055 79,229 - Consumer and other 48 3 51 22,250 22,301 - $ 3,314 $ 281 $ 3,595 $ 702,223 $ 705,818 $ - 2015 90 Days 90 Days 30-89 or Greater Total or Greater Past Due Past Due Past Due Current Total Accruing Real estate - construction $ - $ - $ - $ 66,268 $ 66,268 $ - Real estate - 1 to 4 family residential 1,311 307 1,618 125,458 127,076 75 Real estate - commercial 1,356 - 1,356 250,533 251,889 - Real estate - agricultural - - - 62,530 62,530 - Commercial 266 204 470 102,045 102,515 - Agricultural - - - 79,533 79,533 - Consumer and other 79 - 79 21,520 21,599 - $ 3,012 $ 511 $ 3,523 $ 707,887 $ 711,410 $ 75
Financing Receivable Credit Quality Indicators [Table Text Block]	2016 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 43,139 $ 254,233 $ 54,996 $ 59,317 $ 59,092 $ 470,777 Watch 4,625 16,027 11,392 13,940 18,141 64,125 Special Mention - 770 - 185 41 996 Substandard 1,169 5,810 480 1,819 1,944 11,222 Substandard-Impaired - 505 - 744 11 1,260 $ 48,933 $ 277,345 $ 66,868 $ 76,005 $ 79,229 $ 548,380 2015 Construction Commercial Agricultural Real Estate Real Estate Real Estate Commercial Agricultural Total Pass $ 60,700 $ 227,425 $ 55,503 $ 91,096 $ 71,457 $ 506,181 Watch 4,487 17,523 6,865 8,329 7,156 44,360 Special Mention - 388 - 224 81 693 Substandard 1,081 5,995 162 2,669 828 10,735 Substandard-Impaired - 558 - 197 11 766 $ 66,268 $ 251,889 $ 62,530 $ 102,515 $ 79,533 $ 562,735
Credit Risk Profile Based on Payment Activity on Disaggregated Basis [Table Text Block]	2016 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 133,994 $ 22,221 $ 156,215 Non-performing 1,143 80 1,223 $ 135,137 $ 22,301 $ 157,438 2015 1-4 Family Residential Consumer Real Estate and Other Total Performing $ 125,951 $ 21,597 $ 147,548 Non-performing 1,125 2 1,127 $ 127,076 $ 21,599 $ 148,675

Note 8 - Other Real Estate Ow26

Note 8 - Other Real Estate Owned (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Other Real Estate, Roll Forward [Table Text Block]	2016 2015 Construction and land development $ 739 $ 739 1 to 4 family residential real estate 385 511 $ 1,124 $ 1,250

Note 10 - Core Deposit Intang27

Note 10 - Core Deposit Intangible Asset (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	2016 2015 Gross Accumulated Gross Accumulated Amount Amortization Amount Amortization Core deposit intangible asset $ 2,518 $ 1,304 $ 2,518 $ 1,209
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Three Months Ended March 31, 2016 2015 Beginning core deposit intangible, net $ 1,309 $ 1,730 Amortization (95 ) (113 ) Ending core deposit intangible, net $ 1,214 $ 1,617
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2016 $ 258 2017 298 2018 251 2019 128 2020 71 2021 71 After 137 $ 1,214

Note 11 - Secured Borrowings (T

Note 11 - Secured Borrowings (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]	2016 2015 Remaining Contractual Maturity of the Agreements Greater than Greater than Overnight 90 days Total Overnight 90 days Total Securities sold under agreements to repurchase: U.S. government treasuries $ 1,491 $ - $ 1,491 $ 1,467 $ - $ 1,467 U.S. government agencies 47,371 - 47,371 46,755 - 46,755 U.S. government mortgage-backed securities 37,678 - 37,678 41,657 - 41,657 Total $ 86,540 $ - $ 86,540 $ 89,879 $ - $ 89,879 Term repurchase agreements (Other 3borrowings): U.S. government agencies $ - $ 14,324 $ 14,324 $ - $ 12,503 $ 12,503 U.S. government mortgage-backed securities - 449 449 - 676 676 Total $ - $ 14,773 $ 14,773 $ - $ 13,179 $ 13,179 Total pledged collateral $ 86,540 $ 14,773 $ 101,313 $ 89,879 $ 13,179 $ 103,058

Note 12 - Regulatory Matters (T

Note 12 - Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of March 31, 2016: Total capital (to risk- weighted assets): Consolidated $ 157,291 16.615 % $ 75,735 8.000 % N/A N/A Boone Bank & Trust 14,675 15.281 7,683 8.000 $ 9,603 10.000 % First National Bank 75,026 15.751 38,107 8.000 47,633 10.000 Reliance State Bank 24,683 13.655 14,461 8.000 18,076 10.000 State Bank & Trust 19,861 16.720 9,503 8.000 11,878 10.000 United Bank & Trust 14,714 20.822 5,653 8.000 7,067 10.000 Tier 1 capital (to risk- weighted assets): Consolidated $ 146,660 15.492 % $ 56,801 6.000 % N/A N/A Boone Bank & Trust 13,719 14.286 5,762 6.000 $ 7,683 8.000 % First National Bank 69,982 14.692 28,580 6.000 38,107 8.000 Reliance State Bank 22,745 12.583 10,846 6.000 14,461 8.000 State Bank & Trust 18,373 15.468 7,127 6.000 9,503 8.000 United Bank & Trust 13,950 19.741 4,240 6.000 5,653 8.000 Tier 1 capital (to average- weighted assets): Consolidated $ 146,660 11.306 % $ 51,888 4.000 % N/A N/A Boone Bank & Trust 13,719 10.309 5,323 4.000 $ 6,654 5.000 % First National Bank 69,982 10.112 27,682 4.000 34,603 5.000 Reliance State Bank 22,745 10.791 8,431 4.000 10,539 5.000 State Bank & Trust 18,373 11.936 6,157 4.000 7,697 5.000 United Bank & Trust 13,950 12.527 4,454 4.000 5,568 5.000 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 146,660 15.492 % $ 42,601 4.500 % N/A N/A Boone Bank & Trust 13,719 14.286 4,321 4.500 $ 6,242 6.500 % First National Bank 69,982 14.692 21,435 4.500 30,962 6.500 Reliance State Bank 22,745 12.583 8,134 4.500 11,750 6.500 State Bank & Trust 18,373 15.468 5,345 4.500 7,721 6.500 United Bank & Trust 13,950 19.741 3,180 4.500 4,593 6.500 To Be Well Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes Action Provisions Amount Ratio Amount Ratio Amount Ratio As of December 31, 2015: Total capital (to risk- weighted assets): Consolidated $ 157,926 16.6 % $ 76,179 8.0 % N/A N/A Boone Bank & Trust 14,525 15.5 7,477 8.0 $ 9,346 10.0 % First National Bank 74,210 15.3 38,859 8.0 48,574 10.0 Reliance State Bank 24,287 13.8 14,101 8.0 17,626 10.0 State Bank & Trust 19,658 16.2 9,729 8.0 12,161 10.0 United Bank & Trust 14,621 20.6 5,693 8.0 7,116 10.0 Tier 1 capital (to risk- weighted assets): Consolidated $ 147,430 15.5 % $ 57,134 6.0 % N/A N/A Boone Bank & Trust 13,569 14.5 5,608 6.0 $ 7,477 8.0 % First National Bank 69,157 14.2 29,144 6.0 38,859 8.0 Reliance State Bank 22,491 12.8 10,575 6.0 14,101 8.0 State Bank & Trust 18,135 14.9 7,297 6.0 9,729 8.0 United Bank & Trust 13,858 19.5 4,269 6.0 5,693 8.0 Tier 1 capital (to average- weighted assets): Consolidated $ 147,430 11.3 % $ 52,657 4.0 % N/A N/A Boone Bank & Trust 13,569 9.8 5,557 4.0 $ 6,946 5.0 % First National Bank 69,157 9.9 27,970 4.0 34,963 5.0 Reliance State Bank 22,491 10.7 8,380 4.0 10,476 5.0 State Bank & Trust 18,135 11.5 6,332 4.0 7,915 5.0 United Bank & Trust 13,858 12.5 4,452 4.0 5,565 5.0 Common equity tier 1 capital (to risk-weighted assets): Consolidated $ 147,430 15.5 % $ 42,851 4.5 % N/A N/A Boone Bank & Trust 13,569 14.5 4,206 4.5 $ 6,075 6.5 % First National Bank 69,157 14.2 21,858 4.5 31,573 6.5 Reliance State Bank 22,491 12.8 7,932 4.5 11,457 6.5 State Bank & Trust 18,135 14.9 5,473 4.5 7,905 6.5 United Bank & Trust 13,858 19.5 3,202 4.5 4,625 6.5

Note 1 - Significant Accounti30

Note 1 - Significant Accounting Policies (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill, Impairment Loss	$ 0

Note 2 - Dividends (Details Tex

Note 2 - Dividends (Details Textual) - $ / shares	Feb. 10, 2016	Mar. 31, 2016	Mar. 31, 2015
Dividends Payable, Date Declared	Feb. 10, 2016
Dividends Payable, Date to be Paid	May 16, 2016
Dividends Payable, Date of Record	May 1, 2016
Common Stock, Dividends, Per Share, Declared	$ 0.21	$ 0.21	$ 0.20

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Weighted Average Number of Shares Outstanding, Basic and Diluted	9,310,913	9,310,913
Weighted Average Number Diluted Shares Outstanding Adjustment	0	0

Note 5 - Fair Value Measureme33

Note 5 - Fair Value Measurements (Details Textual) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Real Estate Owned, Valuation Allowance	$ 675,000	$ 681,000

Note 5 - Fair Value Measureme34

Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	$ 1,491,000	$ 1,467,000
Fair Value, Measurements, Recurring [Member] | US Treasury Securities [Member]
Available for sale securities	1,491,000	1,467,000
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	105,708,000	106,445,000
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member]
Available for sale securities	105,708,000	106,445,000
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	90,614,000	98,079,000
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available for sale securities	90,614,000	98,079,000
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	270,394,000	277,597,000
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Available for sale securities	270,394,000	277,597,000
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	52,026,000	50,889,000
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Available for sale securities	52,026,000	50,889,000
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other1 [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	3,040,000	3,156,000
Fair Value, Measurements, Recurring [Member] | Equity Securities, Other1 [Member]
Available for sale securities	3,040,000	3,156,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available for sale securities	1,491,000	1,467,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available for sale securities	521,782,000	536,166,000
Fair Value, Measurements, Recurring [Member]
Available for sale securities	523,273,000	537,633,000
US Treasury Securities [Member]
Available for sale securities	1,491,000	1,467,000
US Government Agencies Debt Securities [Member]
Available for sale securities	105,708,000	106,445,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available for sale securities	90,614,000	98,078,000
US States and Political Subdivisions Debt Securities [Member]
Available for sale securities	270,394,000	277,597,000
Corporate Debt Securities [Member]
Available for sale securities	52,026,000	50,890,000
Equity Securities, Other1 [Member]
Available for sale securities	3,040,000	3,156,000
Available for sale securities	$ 523,272,746	$ 537,632,990

Note 5 - Fair Value Measureme35

Note 5 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 3 [Member]
Loans receivable	$ 1,012	$ 603
Other real estate owned	1,124	1,250
Total	2,136	1,853
Loans receivable	1,012	603
Other real estate owned	1,124	1,250
Total	$ 2,136	$ 1,853

Note 5 - Fair Value Measureme36

Note 5 - Fair Value Measurements - Fair Value Quantitative Information (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Impaired Loan [Member] | Evaluation of Collateral [Member] | Minimum [Member]
Unobservable Inputs, Rate	[1]
Impaired Loan [Member] | Evaluation of Collateral [Member] | Maximum [Member]
Unobservable Inputs, Rate	[1]
Impaired Loan [Member] | Evaluation of Collateral [Member] | Weighted Average [Member]
Unobservable Inputs, Rate	[1]
Impaired Loan [Member] | Evaluation of Collateral [Member]
Total		$ 1,012	$ 603
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Minimum [Member]
Unobservable Inputs, Rate		3.00%	6.00%
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Maximum [Member]
Unobservable Inputs, Rate		10.00%	10.00%
Other Real Estate Owned [Member] | Appraisal Valuation [Member] | Weighted Average [Member]
Unobservable Inputs, Rate		6.00%	8.00%
Other Real Estate Owned [Member] | Appraisal Valuation [Member]
Total		$ 1,124	$ 1,250
[1]	Not Meaningful. Evaluations of the underlying assets are completed for each impaired loan with a specific reserve. The types of collateral vary widely and could include accounts receivables, inventory, a variety of equipment and real estate. Collateral evaluations are reviewed and discounted as appropriate based on knowledge of the specific type of collateral. In the case of real estate, an independent appraisal may be obtained. Types of discounts considered included aging of receivables, condition of the collateral, potential market for the collateral and estimated disposal costs. These discounts will vary from loan to loan, thus providing a range would not be meaningful.

Note 5 - Fair Value Measureme37

Note 5 - Fair Value Measurements - Estimated Fair Values of Financial Instruments (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Cash and due from banks	$ 21,621,000	$ 24,006,000
Cash and due from banks	21,621,000	24,006,000
Interest bearing deposits	59,739,000	26,993,000
Interest bearing deposits	59,739,000	26,993,000
Accrued income receivable	7,381,000	7,566,000
Accrued income receivable	7,381,000	7,566,000
Securities sold under agreements to repurchase	50,380,000	54,290,000
Securities sold under agreements to repurchase	50,380,000	54,290,000
Accrued interest payable	410,000	413,000
Accrued interest payable	410,000	413,000
Fair Value, Inputs, Level 2 [Member]
Loans receivable, net	695,627,000	701,328,000
Loans receivable, net	691,935,000	702,438,000
Loans held for sale	444,000	539,000
Loans held for sale	444,000	539,000
Deposits	1,083,854,000	1,074,193,000
Deposits	1,085,214,000	1,075,289,000
FHLB advances	15,500,000	18,542,000
FHLB advances	15,897,000	19,017,000
Other borrowings	13,000,000	13,000,000
Other borrowings	13,727,000	13,807,000
Cash and due from banks	21,620,875	24,005,801
Interest bearing deposits	59,739,010	26,993,091
Available for sale securities	523,272,746	537,632,990
Estimated fair value	523,272,746	537,632,990
Loans receivable, net	695,627,262	701,328,171
Loans held for sale	443,571	539,370
Accrued income receivable	7,381,129	7,565,791
Deposits	1,083,854,069	1,074,193,122
FHLB advances	15,500,000	18,542,203
Other borrowings	$ 13,000,000	$ 13,000,000

Note 6 - Debt and Equity Secu38

Note 6 - Debt and Equity Securities (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)
Available-for-sale Securities, Gross Unrealized Loss	$ 664,000

Note 6 - Debt and Equity Secu39

Note 6 - Debt and Equity Securities - Securities Available-for-sale (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
US Treasury Securities [Member]
Amortized cost	$ 1,448,000	$ 1,444,000
Gross unrealized gains	43,000	23,000
Estimated fair value	1,491,000	1,467,000
Amortized cost	1,448,000	1,444,000
Gross unrealized gains	43,000	23,000
US Government Agencies Debt Securities [Member]
Amortized cost	103,728,000	105,948,000
Gross unrealized gains	1,996,000	797,000
Estimated fair value	105,708,000	106,445,000
Gross unrealized losses	(16,000)	(300,000)
Amortized cost	103,728,000	105,948,000
Gross unrealized gains	1,996,000	797,000
Gross unrealized losses	(16,000)	(300,000)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Amortized cost	88,414,000	96,373,000
Gross unrealized gains	2,217,000	1,828,000
Estimated fair value	90,614,000	98,078,000
Gross unrealized losses	(17,000)	(123,000)
Amortized cost	88,414,000	96,373,000
Gross unrealized gains	2,217,000	1,828,000
Gross unrealized losses	(17,000)	(123,000)
US States and Political Subdivisions Debt Securities [Member]
Amortized cost	265,624,000	273,771,000
Gross unrealized gains	5,135,000	4,359,000
Estimated fair value	270,394,000	277,597,000
Gross unrealized losses	(365,000)	(533,000)
Amortized cost	265,624,000	273,771,000
Gross unrealized gains	5,135,000	4,359,000
Gross unrealized losses	(365,000)	(533,000)
Corporate Debt Securities [Member]
Amortized cost	51,730,000	51,414,000
Gross unrealized gains	562,000	227,000
Estimated fair value	52,026,000	50,890,000
Gross unrealized losses	(266,000)	(751,000)
Amortized cost	51,730,000	51,414,000
Gross unrealized gains	562,000	227,000
Gross unrealized losses	(266,000)	(751,000)
Equity Securities, Other1 [Member]
Amortized cost	$ 3,040,000	$ 3,156,000
Gross unrealized gains
Estimated fair value	$ 3,040,000	$ 3,156,000
Amortized cost	$ 3,040,000	$ 3,156,000
Gross unrealized gains
Amortized cost	$ 513,984,000	$ 532,106,000
Gross unrealized gains	9,953,000	7,234,000
Estimated fair value	523,272,746	537,632,990
Gross unrealized losses	(664,000)	(1,707,000)
Amortized cost	513,984,000	532,106,000
Gross unrealized gains	9,953,000	7,234,000
Gross unrealized losses	$ (664,000)	$ (1,707,000)

Note 6 - Debt and Equity Secu40

Note 6 - Debt and Equity Securities - Proceeds, Gains and Losses from Securities Available-for-sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Proceeds from sales of securities available-for-sale	$ 12,365	$ 517
Gross realized gains on securities available-for-sale	208	5
Gross realized losses on securities available-for-sale	(6)
Tax provision applicable to net realized gains on securities available-for-sale	$ 71	$ 2

Note 6 - Debt and Equity Secu41

Note 6 - Debt and Equity Securities - Securities Available-for-sale Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Less than 12 months, estimated fair value	$ 3,038	$ 30,245
Less than 12 months, unrealized losses	(16)	(253)
Total estimated fair value	3,038	33,366
Total unrealized losses	(16)	(300)
12 months or more, estimated fair value		3,121
12 months or more, unrealized losses		(47)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Less than 12 months, estimated fair value	2,503	22,842
Less than 12 months, unrealized losses	(2)	(123)
Total estimated fair value	5,294	22,842
Total unrealized losses	(17)	(123)
12 months or more, estimated fair value	2,791
12 months or more, unrealized losses	(15)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, estimated fair value	21,955	38,202
Less than 12 months, unrealized losses	(337)	(414)
Total estimated fair value	25,829	49,298
Total unrealized losses	(365)	(533)
12 months or more, estimated fair value	3,874	11,096
12 months or more, unrealized losses	(28)	(119)
Corporate Debt Securities [Member]
Less than 12 months, estimated fair value	6,823	22,091
Less than 12 months, unrealized losses	(47)	(249)
Total estimated fair value	16,192	36,705
Total unrealized losses	(266)	(751)
12 months or more, estimated fair value	9,369	14,614
12 months or more, unrealized losses	(219)	(502)
Less than 12 months, estimated fair value	34,319	113,380
Less than 12 months, unrealized losses	(402)	(1,039)
Total estimated fair value	50,353	142,211
Total unrealized losses	(664)	(1,707)
12 months or more, estimated fair value	16,034	28,831
12 months or more, unrealized losses	$ (262)	$ (668)

Note 7 - Loans Receivable and42

Note 7 - Loans Receivable and Credit Disclosures (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Financing Receivable, Modifications, Subsequent Default, Number of Contracts			0	0
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down	$ 0	$ 0
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	39,000	$ 44,000
Financing Receivable, Modifications, Recorded Investment	$ 806,000		$ 806,000	$ 780,000
Troubled Debt Restructuring, Loan Payment Default Period	60 days

Note 7 - Loans Receivable and43

Note 7 - Loans Receivable and Credit Disclosures - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Construction Real Estate [Member]
Balance at beginning of period	$ 999	$ 495
Provision (credit) for loan losses	(212)	36
Recoveries of loans charged-off		5
Balance at end of period	787	536
Family Residential Real Estate 1-4 [Member]
Balance at beginning of period	1,806	1,648
Provision (credit) for loan losses	(51)	100
Recoveries of loans charged-off	2	4
Balance at end of period	1,757	1,752
Commercial Real Estate Portfolio Segment [Member]
Balance at beginning of period	3,557	3,214
Provision (credit) for loan losses	206	24
Balance at end of period	3,763	3,238
Agriculture Real Estate [Member]
Balance at beginning of period	760	737
Provision (credit) for loan losses	57	32
Balance at end of period	817	769
Consumer Portfolio Segment [Member]
Balance at beginning of period	1,371	1,247
Provision (credit) for loan losses	105	(111)
Recoveries of loans charged-off	1	$ 1
Loans charged-off	(77)
Balance at end of period	1,400	$ 1,137
Agriculture [Member]
Balance at beginning of period	1,256	1,312
Provision (credit) for loan losses	66	(14)
Recoveries of loans charged-off		1
Loans charged-off		(2)
Balance at end of period	1,322	1,297
Consumer and Other [Member]
Balance at beginning of period	239	186
Provision (credit) for loan losses	21	10
Recoveries of loans charged-off	1	1
Loans charged-off	(5)
Balance at end of period	256	197
Balance at beginning of period	9,988	8,839
Provision (credit) for loan losses	192	77
Recoveries of loans charged-off	4	12
Loans charged-off	(82)	(2)
Balance at end of period	$ 10,102	$ 8,926

Note 7 - Loans Receivable and44

Note 7 - Loans Receivable and Credit Disclosures - Allowance for Loan Losses Impairment Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Family Residential Real Estate 1-4 [Member]
Individually evaluated for impairment	$ 162	$ 273
Collectively evaluated for impairment	1,595	1,533
Balance	1,757	1,806
Commercial Real Estate Portfolio Segment [Member]
Individually evaluated for impairment		2
Collectively evaluated for impairment	3,763	3,555
Balance	3,763	3,557
Commercial Portfolio Segment [Member]
Individually evaluated for impairment	207	164
Collectively evaluated for impairment	1,193	1,207
Balance	1,400	1,371
Construction Real Estate [Member]
Collectively evaluated for impairment	787	999
Balance	787	999
Agriculture Real Estate [Member]
Collectively evaluated for impairment	817	760
Balance	817	760
Agriculture [Member]
Collectively evaluated for impairment	1,322	1,256
Balance	1,322	1,256
Consumer and Other [Member]
Collectively evaluated for impairment	256	239
Balance	256	239
Individually evaluated for impairment	369	439
Collectively evaluated for impairment	9,733	9,549
Balance	$ 10,102	$ 9,988

Note 7 - Loans Receivable and45

Note 7 - Loans Receivable and Credit Disclosures - Loans Receivable Impairment Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Construction Real Estate [Member]
Individually evaluated for impairment
Collectively evaluated for impairment	$ 48,933	$ 66,268
Balance	48,933	66,268
Family Residential Real Estate 1-4 [Member]
Individually evaluated for impairment	1,140	1,050
Collectively evaluated for impairment	133,997	126,026
Balance	135,137	127,076
Commercial Real Estate Portfolio Segment [Member]
Individually evaluated for impairment	505	558
Collectively evaluated for impairment	276,840	251,331
Balance	$ 277,345	251,889
Agriculture Real Estate [Member]
Individually evaluated for impairment
Collectively evaluated for impairment	$ 66,868	62,530
Balance	66,868	62,530
Commercial Portfolio Segment [Member]
Individually evaluated for impairment	744	197
Collectively evaluated for impairment	75,261	102,318
Balance	76,005	102,515
Agriculture [Member]
Individually evaluated for impairment	11	11
Collectively evaluated for impairment	79,218	79,522
Balance	79,229	79,533
Consumer and Other [Member]
Individually evaluated for impairment	85	2
Collectively evaluated for impairment	22,216	21,597
Balance	22,301	21,599
Individually evaluated for impairment	2,485	1,818
Collectively evaluated for impairment	703,333	709,592
Balance	$ 705,818	$ 711,410

Note 7 - Loans Receivable and46

Note 7 - Loans Receivable and Credit Disclosures - Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Construction Real Estate [Member]
Impaired financing receivable with no related allowance, unpaid principal balance	$ 31	$ 31
Impaired financing receivable with related allowance, unpaid principal balance
Impaired financing receivable, unpaid principal balance	$ 31	$ 31
Family Residential Real Estate 1-4 [Member]
Impaired financing receivable with no related allowance, unpaid principal balance	508	304
Impaired financing receivable with no related allowance	493	296
Impaired financing receivable with related allowance, unpaid principal balance	786	891
Impaired financing receivable with related allowance	647	754
Impaired financing receivable, related allowance	162	273
Impaired financing receivable, unpaid principal balance	1,294	1,195
Impaired financing receivable, recorded investment	1,140	1,050
Commercial Real Estate Portfolio Segment [Member]
Impaired financing receivable with no related allowance, unpaid principal balance	1,096	1,030
Impaired financing receivable with no related allowance	$ 505	456
Impaired financing receivable with related allowance, unpaid principal balance		111
Impaired financing receivable with related allowance		102
Impaired financing receivable, related allowance		2
Impaired financing receivable, unpaid principal balance	$ 1,096	1,141
Impaired financing receivable, recorded investment	505	558
Commercial Portfolio Segment [Member]
Impaired financing receivable with no related allowance, unpaid principal balance	17	17
Impaired financing receivable with no related allowance	10	11
Impaired financing receivable with related allowance, unpaid principal balance	744	262
Impaired financing receivable with related allowance	734	186
Impaired financing receivable, related allowance	207	164
Impaired financing receivable, unpaid principal balance	761	279
Impaired financing receivable, recorded investment	744	197
Agriculture [Member]
Impaired financing receivable with no related allowance, unpaid principal balance	13	13
Impaired financing receivable with no related allowance	$ 11	$ 11
Impaired financing receivable with related allowance, unpaid principal balance
Impaired financing receivable, unpaid principal balance	$ 13	$ 13
Impaired financing receivable, recorded investment	11	11
Consumer and Other [Member]
Impaired financing receivable with no related allowance, unpaid principal balance	86	2
Impaired financing receivable with no related allowance	$ 85	$ 2
Impaired financing receivable with related allowance, unpaid principal balance
Impaired financing receivable, unpaid principal balance	$ 86	$ 2
Impaired financing receivable, recorded investment	$ 85	$ 2
Agriculture Real Estate [Member]
Impaired financing receivable with related allowance, unpaid principal balance
Impaired financing receivable, unpaid principal balance
Impaired financing receivable with no related allowance, unpaid principal balance	$ 1,751	$ 1,397
Impaired financing receivable with no related allowance	1,104	776
Impaired financing receivable with related allowance, unpaid principal balance	1,530	1,264
Impaired financing receivable with related allowance	1,381	1,042
Impaired financing receivable, related allowance	369	439
Impaired financing receivable, unpaid principal balance	3,281	2,661
Impaired financing receivable, recorded investment	$ 2,485	$ 1,818

Note 7 - Loans Receivable and47

Note 7 - Loans Receivable and Credit Disclosures - Average Recorded Investment and Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Construction Real Estate [Member]
Impaired financing receivable, with no related allowance, average recorded investment		$ 192
Impaired financing receivable, average recorded investment		192
Family Residential Real Estate 1-4 [Member]
Impaired financing receivable, with no related allowance, average recorded investment	$ 395	72
Impaired financing receivable, with no related allowance, interest income, accrual method	1
Impaired financing receivable, with related allowance, average recorded investment	701	783
Impaired financing receivable, with related allowance, interest income, accrual method	5
Impaired financing receivable, average recorded investment	1,096	855
Impaired financing receivable, interest income, accrual method	6
Commercial Real Estate Portfolio Segment [Member]
Impaired financing receivable, with no related allowance, average recorded investment	481	633
Impaired financing receivable, with related allowance, average recorded investment	51	157
Impaired financing receivable, average recorded investment	532	790
Commercial Portfolio Segment [Member]
Impaired financing receivable, with no related allowance, average recorded investment	11	458
Impaired financing receivable, with no related allowance, interest income, accrual method		3
Impaired financing receivable, with related allowance, average recorded investment	460	81
Impaired financing receivable, average recorded investment	471	539
Impaired financing receivable, interest income, accrual method		3
Agriculture [Member]
Impaired financing receivable, with no related allowance, average recorded investment	11	15
Impaired financing receivable, average recorded investment	11	15
Consumer and Other [Member]
Impaired financing receivable, with no related allowance, average recorded investment	44	6
Impaired financing receivable, with no related allowance, interest income, accrual method		1
Impaired financing receivable, average recorded investment	44	6
Impaired financing receivable, interest income, accrual method		1
Impaired financing receivable, with no related allowance, average recorded investment	942	1,376
Impaired financing receivable, with no related allowance, interest income, accrual method	1	4
Impaired financing receivable, with related allowance, average recorded investment	1,212	1,021
Impaired financing receivable, with related allowance, interest income, accrual method	5
Impaired financing receivable, average recorded investment	2,154	2,397
Impaired financing receivable, interest income, accrual method	$ 6	$ 4

Note 7 - Loans Receivable and48

Note 7 - Loans Receivable and Credit Disclosures - Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Consumer and Other [Member]
Financing receivable modifications, number of contracts	3
Financing receivable modifications, pre-modification outstanding, recorded investment	$ 70
Financing receivable modifications, post modification outstanding, recorded investment	$ 70
Financing receivable modifications, number of contracts	3
Financing receivable modifications, pre-modification outstanding, recorded investment	$ 70
Financing receivable modifications, post modification outstanding, recorded investment	$ 70

Note 7 - Loans Receivable and49

Note 7 - Loans Receivable and Credit Disclosures - Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Construction Real Estate [Member]
Financing receivable, recorded investment, current	$ 48,933	$ 66,268
Balance	48,933	66,268
Family Residential Real Estate 1-4 [Member] | Financing Receivables 30 to 89 Days Past Due [Member]
Financing receivable, recorded investment, past due	1,124	1,311
Family Residential Real Estate 1-4 [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, past due	184	307
Family Residential Real Estate 1-4 [Member]
Financing receivable, recorded investment, current	133,829	125,458
Balance	135,137	127,076
Financing receivable, recorded investment, past due	1,308	1,618
Financing receivable, recorded investment, 90 days past due and still accruing		75
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member]
Financing receivable, recorded investment, past due		1,356
Commercial Real Estate Portfolio Segment [Member]
Financing receivable, recorded investment, current	277,345	250,533
Balance	277,345	251,889
Financing receivable, recorded investment, past due		1,356
Agriculture Real Estate [Member]
Financing receivable, recorded investment, current	66,868	62,530
Balance	66,868	62,530
Commercial Portfolio Segment [Member] | Financing Receivables 30 to 89 Days Past Due [Member]
Financing receivable, recorded investment, past due	1,968	266
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, past due	94	204
Commercial Portfolio Segment [Member]
Financing receivable, recorded investment, current	73,943	102,045
Balance	76,005	102,515
Financing receivable, recorded investment, past due	2,062	470
Agriculture [Member] | Financing Receivables 30 to 89 Days Past Due [Member]
Financing receivable, recorded investment, past due	174
Agriculture [Member]
Financing receivable, recorded investment, current	79,055	79,533
Balance	79,229	79,533
Financing receivable, recorded investment, past due	174
Consumer and Other [Member] | Financing Receivables 30 to 89 Days Past Due [Member]
Financing receivable, recorded investment, past due	48	79
Consumer and Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, past due	3
Consumer and Other [Member]
Financing receivable, recorded investment, current	22,250	21,520
Balance	22,301	21,599
Financing receivable, recorded investment, past due	51	79
Financing Receivables 30 to 89 Days Past Due [Member]
Financing receivable, recorded investment, past due	3,314	3,012
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing receivable, recorded investment, past due	281	511
Financing receivable, recorded investment, current	702,223	707,887
Balance	705,818	711,410
Financing receivable, recorded investment, past due	$ 3,595	3,523
Financing receivable, recorded investment, 90 days past due and still accruing		$ 75

Note 7 - Loans Receivable and50

Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Construction Real Estate [Member] | Pass [Member]
Loan and lease receivable other than consumer and residential	$ 43,139	$ 60,700
Construction Real Estate [Member] | Watch [Member]
Loan and lease receivable other than consumer and residential	4,625	4,487
Construction Real Estate [Member] | Substandard [Member]
Loan and lease receivable other than consumer and residential	1,169	1,081
Construction Real Estate [Member]
Loan and lease receivable other than consumer and residential	48,933	66,268
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loan and lease receivable other than consumer and residential	254,233	227,425
Commercial Real Estate Portfolio Segment [Member] | Watch [Member]
Loan and lease receivable other than consumer and residential	16,027	17,523
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loan and lease receivable other than consumer and residential	770	388
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loan and lease receivable other than consumer and residential	5,810	5,995
Commercial Real Estate Portfolio Segment [Member] | Substandard Impaired [Member]
Loan and lease receivable other than consumer and residential	505	558
Commercial Real Estate Portfolio Segment [Member]
Loan and lease receivable other than consumer and residential	277,345	251,889
Agriculture Real Estate [Member] | Pass [Member]
Loan and lease receivable other than consumer and residential	54,996	55,503
Agriculture Real Estate [Member] | Watch [Member]
Loan and lease receivable other than consumer and residential	11,392	6,865
Agriculture Real Estate [Member] | Substandard [Member]
Loan and lease receivable other than consumer and residential	480	162
Agriculture Real Estate [Member]
Loan and lease receivable other than consumer and residential	66,868	62,530
Commercial Portfolio Segment [Member] | Pass [Member]
Loan and lease receivable other than consumer and residential	59,317	91,096
Commercial Portfolio Segment [Member] | Watch [Member]
Loan and lease receivable other than consumer and residential	13,940	8,329
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loan and lease receivable other than consumer and residential	185	224
Commercial Portfolio Segment [Member] | Substandard [Member]
Loan and lease receivable other than consumer and residential	1,819	2,669
Commercial Portfolio Segment [Member] | Substandard Impaired [Member]
Loan and lease receivable other than consumer and residential	744	197
Commercial Portfolio Segment [Member]
Loan and lease receivable other than consumer and residential	76,005	102,515
Agriculture [Member] | Pass [Member]
Loan and lease receivable other than consumer and residential	59,092	71,457
Agriculture [Member] | Watch [Member]
Loan and lease receivable other than consumer and residential	18,141	7,156
Agriculture [Member] | Special Mention [Member]
Loan and lease receivable other than consumer and residential	41	81
Agriculture [Member] | Substandard [Member]
Loan and lease receivable other than consumer and residential	1,944	828
Agriculture [Member] | Substandard Impaired [Member]
Loan and lease receivable other than consumer and residential	11	11
Agriculture [Member]
Loan and lease receivable other than consumer and residential	79,229	79,533
Pass [Member]
Loan and lease receivable other than consumer and residential	470,777	506,181
Watch [Member]
Loan and lease receivable other than consumer and residential	64,125	44,360
Special Mention [Member]
Loan and lease receivable other than consumer and residential	996	693
Substandard [Member]
Loan and lease receivable other than consumer and residential	11,222	10,735
Substandard Impaired [Member]
Loan and lease receivable other than consumer and residential	1,260	766
Loan and lease receivable other than consumer and residential	$ 548,380	$ 562,735

Note 7 - Loans Receivable and51

Note 7 - Loans Receivable and Credit Disclosures - Credit Risk Profile Based on Payment Activity (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Family Residential Real Estate 1-4 [Member] | Performing Financial Instruments [Member]
Loan and lease receivable, consumer and residential	$ 133,994	$ 125,951
Family Residential Real Estate 1-4 [Member] | Nonperforming Financial Instruments [Member]
Loan and lease receivable, consumer and residential	1,143	1,125
Family Residential Real Estate 1-4 [Member]
Loan and lease receivable, consumer and residential	135,137	127,076
Consumer and Other [Member] | Performing Financial Instruments [Member]
Loan and lease receivable, consumer and residential	22,221	21,597
Consumer and Other [Member] | Nonperforming Financial Instruments [Member]
Loan and lease receivable, consumer and residential	80	2
Consumer and Other [Member]
Loan and lease receivable, consumer and residential	22,301	21,599
Performing Financial Instruments [Member]
Loan and lease receivable, consumer and residential	156,215	147,548
Nonperforming Financial Instruments [Member]
Loan and lease receivable, consumer and residential	1,223	1,127
Loan and lease receivable, consumer and residential	$ 157,438	$ 148,675

Note 8 - Other Real Estate Ow52

Note 8 - Other Real Estate Owned - Components of Other Real Estate Owned (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Construction and Land Development [Member]
Other real estate	$ 739,000	$ 739,000
One to Four Family Residential Real Estate [Member]
Other real estate	385,000	511,000
Other real estate	$ 1,124,384	$ 1,249,915

Note 9 - Goodwill (Details Text

Note 9 - Goodwill (Details Textual)	3 Months Ended
	Mar. 31, 2016
Finite Tax Lived Intangible Asset, Useful Life	15 years

Note 10 - Core Deposit Intang54

Note 10 - Core Deposit Intangible Asset (Details Textual)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Core Deposits [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years	3 years

Note 10 - Core Deposit Intang55

Note 10 - Core Deposit Intangible Asset - Core Deposit Intangible Assets (Details) - Core Deposits [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Core deposit intangible asset	$ 2,518	$ 2,518
Core deposit intangible asset	$ 1,304	$ 1,209

Note 10 - Core Deposit Intang56

Note 10 - Core Deposit Intangible Asset - Core Deposit Intangible Assets Activity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Core Deposits [Member]
Beginning core deposit intangible, net	$ 1,309,000	$ 1,730,000
Amortization	(95,000)	(113,000)
Ending core deposit intangible, net	1,214,000	1,617,000
Beginning core deposit intangible, net	1,308,731
Amortization	(95,248)	$ (113,623)
Ending core deposit intangible, net	$ 1,213,483

Note 10 - Core Deposit Intang57

Note 10 - Core Deposit Intangible Asset - Estimated Remaining Amortization Expense on Core Deposits (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Core Deposits [Member]
2,016	$ 258,000
2,017	298,000
2,018	251,000
2,019	128,000
2,020	71,000
2,021	71,000
After	137,000
	1,214,000	$ 1,309,000	$ 1,617,000	$ 1,730,000
	$ 1,213,483	$ 1,308,731

Note 11 - Secured Borrowings -

Note 11 - Secured Borrowings - Pledged Collateral at Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Treasury and Government [Member]
Securities sold under agreements to repurchase	$ 1,491	$ 1,467
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Government Agencies Debt Securities [Member]
Securities sold under agreements to repurchase	47,371	46,755
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities sold under agreements to repurchase	37,678	41,657
Maturity Overnight [Member] | Collateral Related to Securities Sold Under Agreements to Repurchase [Member]
Securities sold under agreements to repurchase	86,540	89,879
Maturity Overnight [Member]
Securities sold under agreements to repurchase	86,540	89,879
Maturity Greater than 90 Days [Member] | Collateral Related to Term Repurchase Agreements [Member] | US Government Agencies Debt Securities [Member]
Securities sold under agreements to repurchase	14,324	12,503
Maturity Greater than 90 Days [Member] | Collateral Related to Term Repurchase Agreements [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities sold under agreements to repurchase	449	676
Maturity Greater than 90 Days [Member] | Collateral Related to Term Repurchase Agreements [Member]
Securities sold under agreements to repurchase	14,773	13,179
Maturity Greater than 90 Days [Member]
Securities sold under agreements to repurchase	14,773	13,179
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Treasury and Government [Member]
Securities sold under agreements to repurchase	1,491	1,467
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | US Government Agencies Debt Securities [Member]
Securities sold under agreements to repurchase	47,371	46,755
Collateral Related to Securities Sold Under Agreements to Repurchase [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities sold under agreements to repurchase	37,678	41,657
Collateral Related to Securities Sold Under Agreements to Repurchase [Member]
Securities sold under agreements to repurchase	86,540	89,879
Collateral Related to Term Repurchase Agreements [Member] | US Government Agencies Debt Securities [Member]
Securities sold under agreements to repurchase	14,324	12,503
Collateral Related to Term Repurchase Agreements [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Securities sold under agreements to repurchase	449	676
Collateral Related to Term Repurchase Agreements [Member]
Securities sold under agreements to repurchase	14,773	13,179
Securities sold under agreements to repurchase	$ 101,313	$ 103,058

Note 12 - Regulatory Matters (D

Note 12 - Regulatory Matters (Details Textual)	Mar. 31, 2016
Effective January 2019 [Member]
Common Equity Tier One Capital Conservation Buffer	2.50%

Note 12 - Regulatory Matters -

Note 12 - Regulatory Matters - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Boone Bank and Trust [Member]
Capital	$ 14,675	$ 14,525
Capital to risk weighted assets	15.281%	15.50%
Capital required for capital adequacy	$ 7,683	$ 7,477
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets	10.00%	10.00%
Capital required to be well capitalized	$ 9,603	$ 9,346
Tier one risk based capital	$ 13,719	$ 13,569
Tier one risk based capital to risk weighted assets	14.286%	14.50%
Tier one risk based capital required for capital adequacy	$ 5,762	$ 5,608
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Tier one risk based capital required to be well capitalized	$ 7,683	$ 7,477
Tier one risk based capital required to be well capitalized to risk weighted assets	8.00%	8.00%
Tier one leverage capital	$ 13,719	$ 13,569
Tier one leverage capital to average assets	10.309%	9.80%
Tier one leverage capital required for capital adequacy	$ 5,323	$ 5,557
Tier one leverage capital required for capital adequacy to risk weighted assets	4.00%	4.00%
Tier one leverage capital required to be well capitalized	$ 6,654	$ 6,946
Tier one leverage capital required to be well capitalized to average assets	5.00%	5.00%
Common equity tier one capital	$ 13,719	$ 13,569
Common equity tier one risk based capital to risk weighted assets	14.286%	14.50%
Common equity tier one capital required for capital adequacy	$ 4,321	$ 4,206
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%	4.50%
Common equity tier one capital required to be well capitalized	$ 6,242	$ 6,075
Common equity tier one capital required to be well capitalized to risk weighted assets	6.50%	6.50%
First National Bank [Member] | Also Conducts Business Out of 3 Full Service Offices in Des Moines Metro Area [Member]
Capital	$ 75,026	$ 74,210
Capital to risk weighted assets	15.751%	15.30%
Capital required for capital adequacy	$ 38,107	$ 38,859
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets	10.00%	10.00%
Capital required to be well capitalized	$ 47,633	$ 48,574
Tier one risk based capital	$ 69,982	$ 69,157
Tier one risk based capital to risk weighted assets	14.692%	14.20%
Tier one risk based capital required for capital adequacy	$ 28,580	$ 29,144
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Tier one risk based capital required to be well capitalized	$ 38,107	$ 38,859
Tier one risk based capital required to be well capitalized to risk weighted assets	8.00%	8.00%
Tier one leverage capital	$ 69,982	$ 69,157
Tier one leverage capital to average assets	10.112%	9.90%
Tier one leverage capital required for capital adequacy	$ 27,682	$ 27,970
Tier one leverage capital required for capital adequacy to risk weighted assets	4.00%	4.00%
Tier one leverage capital required to be well capitalized	$ 34,603	$ 34,963
Tier one leverage capital required to be well capitalized to average assets	5.00%	5.00%
Common equity tier one capital	$ 69,982	$ 69,157
Common equity tier one risk based capital to risk weighted assets	14.692%	14.20%
Common equity tier one capital required for capital adequacy	$ 21,435	$ 21,858
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%	4.50%
Common equity tier one capital required to be well capitalized	$ 30,962	$ 31,573
Common equity tier one capital required to be well capitalized to risk weighted assets	6.50%	6.50%
Reliance State Bank [Member] | Conducts Business Out of Offices at Story City, Garner, and Kleme, Iowa [Member]
Capital	$ 24,683	$ 24,287
Capital to risk weighted assets	13.655%	13.80%
Capital required for capital adequacy	$ 14,461	$ 14,101
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets	10.00%	10.00%
Capital required to be well capitalized	$ 18,076	$ 17,626
Tier one risk based capital	$ 22,745	$ 22,491
Tier one risk based capital to risk weighted assets	12.583%	12.80%
Tier one risk based capital required for capital adequacy	$ 10,846	$ 10,575
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Tier one risk based capital required to be well capitalized	$ 14,461	$ 14,101
Tier one risk based capital required to be well capitalized to risk weighted assets	8.00%	8.00%
Tier one leverage capital	$ 22,745	$ 22,491
Tier one leverage capital to average assets	10.791%	10.70%
Tier one leverage capital required for capital adequacy	$ 8,431	$ 8,380
Tier one leverage capital required for capital adequacy to risk weighted assets	4.00%	4.00%
Tier one leverage capital required to be well capitalized	$ 10,539	$ 10,476
Tier one leverage capital required to be well capitalized to average assets	5.00%	5.00%
Common equity tier one capital	$ 22,745	$ 22,491
Common equity tier one risk based capital to risk weighted assets	12.583%	12.80%
Common equity tier one capital required for capital adequacy	$ 8,134	$ 7,932
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%	4.50%
Common equity tier one capital required to be well capitalized	$ 11,750	$ 11,457
Common equity tier one capital required to be well capitalized to risk weighted assets	6.50%	6.50%
State Bank and Trust [Member]
Capital	$ 19,861	$ 19,658
Capital to risk weighted assets	16.72%	16.20%
Capital required for capital adequacy	$ 9,503	$ 9,729
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets	10.00%	10.00%
Capital required to be well capitalized	$ 11,878	$ 12,161
Tier one risk based capital	$ 18,373	$ 18,135
Tier one risk based capital to risk weighted assets	15.468%	14.90%
Tier one risk based capital required for capital adequacy	$ 7,127	$ 7,297
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Tier one risk based capital required to be well capitalized	$ 9,503	$ 9,729
Tier one risk based capital required to be well capitalized to risk weighted assets	8.00%	8.00%
Tier one leverage capital	$ 18,373	$ 18,135
Tier one leverage capital to average assets	11.936%	11.50%
Tier one leverage capital required for capital adequacy	$ 6,157	$ 6,332
Tier one leverage capital required for capital adequacy to risk weighted assets	4.00%	4.00%
Tier one leverage capital required to be well capitalized	$ 7,697	$ 7,915
Tier one leverage capital required to be well capitalized to average assets	5.00%	5.00%
Common equity tier one capital	$ 18,373	$ 18,135
Common equity tier one risk based capital to risk weighted assets	15.468%	14.90%
Common equity tier one capital required for capital adequacy	$ 5,345	$ 5,473
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%	4.50%
Common equity tier one capital required to be well capitalized	$ 7,721	$ 7,905
Common equity tier one capital required to be well capitalized to risk weighted assets	6.50%	6.50%
United Bank and Trust [Member]
Capital	$ 14,714	$ 14,621
Capital to risk weighted assets	20.822%	20.60%
Capital required for capital adequacy	$ 5,653	$ 5,693
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets	10.00%	10.00%
Capital required to be well capitalized	$ 7,067	$ 7,116
Tier one risk based capital	$ 13,950	$ 13,858
Tier one risk based capital to risk weighted assets	19.741%	19.50%
Tier one risk based capital required for capital adequacy	$ 4,240	$ 4,269
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Tier one risk based capital required to be well capitalized	$ 5,653	$ 5,693
Tier one risk based capital required to be well capitalized to risk weighted assets	8.00%	8.00%
Tier one leverage capital	$ 13,950	$ 13,858
Tier one leverage capital to average assets	12.527%	12.50%
Tier one leverage capital required for capital adequacy	$ 4,454	$ 4,452
Tier one leverage capital required for capital adequacy to risk weighted assets	4.00%	4.00%
Tier one leverage capital required to be well capitalized	$ 5,568	$ 5,565
Tier one leverage capital required to be well capitalized to average assets	5.00%	5.00%
Common equity tier one capital	$ 13,950	$ 13,858
Common equity tier one risk based capital to risk weighted assets	19.741%	19.50%
Common equity tier one capital required for capital adequacy	$ 3,180	$ 3,202
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%	4.50%
Common equity tier one capital required to be well capitalized	$ 4,593	$ 4,625
Common equity tier one capital required to be well capitalized to risk weighted assets	6.50%	6.50%
Capital	$ 157,291	$ 157,926
Capital to risk weighted assets	16.615%	16.60%
Capital required for capital adequacy	$ 75,735	$ 76,179
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Capital required to be well capitalized to risk weighted assets
Tier one risk based capital	$ 146,660	$ 147,430
Tier one risk based capital to risk weighted assets	15.492%	15.50%
Tier one risk based capital required for capital adequacy	$ 56,801	$ 57,134
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Tier one risk based capital required to be well capitalized
Tier one leverage capital	$ 146,660	$ 147,430
Tier one leverage capital to average assets	11.306%	11.30%
Tier one leverage capital required for capital adequacy	$ 51,888	$ 52,657
Tier one leverage capital required for capital adequacy to risk weighted assets	4.00%	4.00%
Common equity tier one capital	$ 146,660	$ 147,430
Common equity tier one risk based capital to risk weighted assets	15.492%	15.50%
Common equity tier one capital required for capital adequacy	$ 42,601	$ 42,851
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%	4.50%