SBT Bancorp (SBTB) 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	SBT Bancorp, Inc.
Trading Symbol	sbtb
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		908,246
Amendment Flag	false
Entity Central Index Key	1,354,174
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 7,313	$ 10,118
Interest-bearing deposits with the Federal Reserve Bank and Federal Home Loan Bank	5,919	9,696
Money market mutual funds	580	1
Federal funds sold	346	5
Cash and cash equivalents	14,158	19,820
Investments in available-for-sale securities (at fair value)	71,816	83,805
Federal Home Loan Bank stock, at cost	3,074	1,801
Loans held-for-sale	6,892	5,374
Loans	307,323	286,142
Less allowance for loan losses	2,897	2,761
Loans, net	304,426	283,381
Premises and equipment, net	1,390	1,460
Accrued interest receivable	1,045	1,095
Other real estate owned		105
Bank owned life insurance	7,338	7,184
Other assets	5,021	4,815
Total assets	415,160	408,840
Deposits:
Demand deposits	115,105	117,261
Savings and NOW deposits	201,170	177,158
Time deposits	58,531	61,646
Total deposits	374,806	356,065
Securities sold under agreements to repurchase	2,722	3,921
Federal Home Loan Bank advances	5,500	17,500
Other liabilities	1,717	1,882
Total liabilities	384,745	379,368
Stockholders' equity:
Common stock, no par value; authorized 2,000,000 shares; issued and outstanding 908,660 shares and 908,246 shares, respectively, at September 30, 2015, and 898,105 shares and 897,691 shares, respectively, at December 31, 2014	10,333	10,127
Retained earnings	11,134	10,549
Treasury stock, 414 shares	(7)	(7)
Unearned compensation-restricted stock awards	(254)	(207)
Accumulated other comprehensive income	212	22
Total stockholders' equity	30,415	29,472
Total liabilities and stockholders' equity	415,160	408,840
Series C Preferred Stock, Senior, Non-Cumulative Perpetual [Member]
Stockholders' equity:
Preferred stock, senior non-cumulative perpetual, Series C, no par; 9,000 shares issued and outstanding at September 30, 2015 and December 31, 2014; liquidation value of $1,000 per share	$ 8,997	$ 8,988

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Common stock, par value (in Dollars per share)	$ 0	$ 0
Common stock, shares authorized shares	2,000,000	2,000,000
Common stock, shares issued	908,660	898,105
Common stock, shares outstanding	908,246	897,691
Treasury stock, shares	414	414
Series C Preferred Stock, Senior, Non-Cumulative Perpetual [Member]
Preferred stock, par value (in Dollars per share)	$ 0	$ 0
Preferred stock, shares issued	9,000	9,000
Preferred stock shares outstanding	9,000	9,000
Preferred stock, liquidation value per share (in Dollars per share)	$ 1,000	$ 1,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest and dividend income:
Interest and fees on loans	$ 2,748	$ 2,590	$ 8,057	$ 7,733
Investment securities	393	438	1,235	1,373
Federal funds sold and overnight deposits	14	21	26	38
Total interest and dividend income	3,155	3,049	9,318	9,144
Interest expense:
Deposits	192	213	566	647
Federal Home Loan Bank advances	8	2	35	9
Repurchase agreements	1	1	3	3
Total interest expense	201	216	604	659
Net interest and dividend income	2,954	2,833	8,714	8,485
Provision for loan losses	65	25	145	55
Net interest and dividend income after provision for loan losses	2,889	2,808	8,569	8,430
Noninterest income:
Service charges on deposit accounts	98	119	303	353
Gain (loss) on sales of available-for-sale securities, net of writedowns	26	(1)	93	96
Other service charges and fees	208	173	561	560
Increase in cash surrender value of life insurance policies	51	55	154	151
Mortgage banking activities	422	254	866	408
Investment services fees and commissions	48	43	159	172
Other income	68	33	141	64
Total noninterest income	921	676	2,277	1,804
Noninterest expense:
Salaries and employee benefits	1,779	1,564	5,062	5,140
Occupancy expense	340	363	1,046	1,030
Equipment expense	104	112	306	340
Advertising and promotions	109	177	365	461
Forms and supplies	48	45	125	139
Professional fees	196	167	448	377
Directors’ fees	66	65	180	196
Correspondent charges	67	42	187	173
FDIC assessment	78	80	234	285
Data processing	198	170	531	490
Other expenses	397	388	1,132	1,218
Total noninterest expense	3,382	3,173	9,616	9,849
Income before income taxes	428	311	1,230	385
Income tax provision (benefit)	75	53	185	(66)
Net income	353	258	1,045	451
Net income available to common stockholders	$ 327	$ 233	$ 959	$ 375
Weighted average shares outstanding, basic (in Shares)	890,190	883,998	889,473	882,158
Earnings per common share, basic (in Dollars per share)	$ 0.37	$ 0.26	$ 1.08	$ 0.42
Weighted average shares outstanding, assuming dilution (in Shares)	894,380	888,335	892,004	886,694
Earnings per common share, assuming dilution (in Dollars per share)	$ 0.37	$ 0.26	$ 1.08	$ 0.42
Dividends per common share (in Dollars per share)	$ 0.14	$ 0.14	$ 0.42	$ 0.42

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income	$ 353	$ 258	$ 1,045	$ 451
Other comprehensive income (loss), net of tax:
Net change in unrealized holding gains/ losses on securities available for sale	672	(250)	381	1,977
Reclassification adjustment for realized gains in net income	(26)		(93)	(96)
Other comprehensive income (loss), before tax	646	(250)	288	1,881
Income tax (expense) benefit	(220)	85	(98)	(640)
Other comprehensive income (loss), net of tax	426	(165)	190	1,241
Comprehensive income	$ 779	$ 93	$ 1,235	$ 1,692

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Changes in Stockholders' Equity [Unaudited] - USD ($) $ in Thousands	Series C Preferred Stock [Member]Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Unallocated Employee Stock Ownership Plan [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance at Dec. 31, 2013	$ 8,976	$ 10,136	$ 10,347	$ (7)	$ (401)	$ (1,655)	$ 27,396
Net income			451				451
Other comprehensive income (loss), net of tax effect						1,241	1,241
Preferred stock dividend-SBLF			(67)				(67)
Preferred stock amortization (accretion)	9		(9)
Stock based compensation					117		117
Dividends declared common stock			(377)				(377)
Forfeited restricted stock awards		(90)			90
		41			(41)
Common stock issued		29					29
Ending balance at Sep. 30, 2014	8,985	10,116	10,345	(7)	(235)	(414)	28,790
Beginning balance at Dec. 31, 2014	8,988	10,127	10,549	(7)	(207)	22	29,472
Net income			1,045				1,045
Other comprehensive income (loss), net of tax effect						190	190
Preferred stock dividend-SBLF			(77)				(77)
Preferred stock amortization (accretion)	9		(9)
Stock based compensation					130		130
Dividends declared common stock			(374)				(374)
		177			(177)
Common stock issued		29					29
Ending balance at Sep. 30, 2015	$ 8,997	$ 10,333	$ 11,134	$ (7)	$ (254)	$ 212	$ 30,415

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 1,045	$ 451
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of securities, net	307	301
Writedown of available-for-sale securities	6	7
Gain on sales of available-for-sale securities	(99)	(103)
Change in deferred origination costs, net	(73)	(79)
Provision for loan losses	145	55
Loans originated for sale	(63,269)	(28,920)
Proceeds from sales of loans	62,625	24,979
Gains on sales of loans	(874)	(338)
Writedown on other real estate owned		25
(Gain) loss on sale of other real estate owned	(9)	1
Depreciation and amortization	218	294
Accretion on impairment of operating lease	(26)	(33)
Increase in other assets	(352)	(668)
Decrease in interest receivable	50	54
Decrease (increase) in taxes receivable	48	(67)
Increase in cash surrender value of bank owned life insurance	(154)	(151)
Stock-based compensation	130	117
(Decrease) increase in other liabilities	(208)	14
Increase in interest payable	69	49
Net cash used in operating activities	(421)	(4,012)
Cash flows from investing activities:
(Purchases) redemptions of Federal Home Loan Bank stock	(1,273)	936
Purchases of available-for-sale securities	(319)	(3,011)
Proceeds from maturities of available-for-sale securities	10,767	5,946
Proceeds from sales of available-for-sale securities	1,614	1,139
Loan originations and principal collections, net	(12,765)	8,283
Loans purchased	(8,361)	(11,925)
Recoveries of loans previously charged off	9	14
Proceeds from sale of other real estate owned	114	539
Premium paid on bank owned life insurance		(250)
Capital expenditures	(148)	(255)
Net cash (used in) provided by investing activities	(10,362)	1,416
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	21,856	23,013
Decrease in time deposits	(3,115)	(5,377)
Net decrease in securities sold under agreements to repurchase	(1,199)	(545)
Paydown of Federal Home Loan Bank advances	(12,000)	(30,000)
Proceeds from issuance of common stock	29	29
Dividends paid - preferred stock	(77)	(67)
Dividends paid - common stock	(373)	(374)
Net cash provided by (used in) financing activities	5,121	(13,321)
Net decrease in cash and cash equivalents	(5,662)	(15,917)
Cash and cash equivalents at beginning of period	19,820	38,590
Cash and cash equivalents at end of period	14,158	22,673
Supplemental disclosures:
Interest paid	535	610
Income taxes paid	$ 137	1
Loan transferred to other real estate owned		$ 695

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Basis of Accounting [Text Block]	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and the instructions to Form 10-Q and, accordingly, do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all necessary adjustments, consisting of only normal recurring accruals, to present fairly the financial position, results of operations, cash flows and changes in stockholders’ equity of SBT Bancorp, Inc. (the “Company”) for the periods presented. The Company’s only business is its investment in The Simsbury Bank & Trust Company, Inc. (the “Bank”), which is a community-oriented financial institution providing a variety of banking and investment services. In preparing the interim financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the balance sheets and revenues and expenses for the periods presented. Actual results could differ significantly from those estimates. The interim results of operations are not necessarily indicative of the results to be expected for the full year ending December 31, 2015. While management believes that the disclosures presented are adequate so as to not make the information misleading, it is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes included in the Company’s Form 10-K for the year ended December 31, 2014.

Note 2 - Stock-based Compensati

Note 2 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 2 – STOCK-BASED COMPENSATION At September 30, 2015, the Company maintained a stock-based employee compensation plan. The Company recognizes the cost resulting from all share-based payment transactions in the condensed consolidated financial statements and establishes fair value as the measurement objective in accounting for share-based payment arrangements. During the nine months ended September 30, 2015, the Company recognized $130 thousand in stock-based employee compensation expense. During the nine months ended September 30, 2014, the Company recognized $117 thousand in stock-based employee compensation expense.

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).” The objective of this ASU is to clarify principles for recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards. The guidance in this ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. However, in July 2015, the FASB voted to approve deferring the effective date by one year (i.e., interim and annual reporting periods beginning after December 15, 2017). Early adoption is permitted, but not before the original effective date (i.e., interim and annual reporting periods beginning after December 15, 2016). The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, “Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period.” The amendments in this ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. This ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Earlier adoption is permitted. ASU 2014-12 may be adopted either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements, and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. The Company anticipates that the adoption of this guidance will not have a material impact on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-14, “Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government - Guaranteed Mortgage Loans upon Foreclosure.” The amendments in this ASU require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: 1. the loan has a government guarantee that is not separable from the loan before foreclosure; 2. at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and 3. at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed. Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements. In February 2015, the FASB issued ASU 2015-02, In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The standard is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The guidance should be applied on a retrospective basis. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, “Intangibles – Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” This ASU provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The new guidance does not change the accounting for a customer’s accounting for service contracts. ASU 2015-05 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-07, "Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or its Equivalent) (a consensus of the FASB Emerging Issues Task Force)." This update removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. The Update also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. Rather, those disclosures are limited to investments for which the entity has elected to measure the fair value using that practical expedient An entity should apply the Update on a retrospective basis. The Company intends to adopt the Update during the first quarter of 2016. Adoption is not anticipated to have a material impact on the Company's financial statements.

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 4 – FAIR VALUE MEASUREMENTS In accordance with Accounting Standards Codification (“ASC”) 820, the Company groups its financial assets and liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 Inputs – Level 2 Inputs – Level 3 Inputs – A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company did not have any significant transfers of assets or liabilities to or from Levels 1 and 2 of the fair value hierarchy during the nine months ended September 30, 2015. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied consistently to all of the Company’s financial assets and financial liabilities carried at fair value for September 30, 2015 and December 31, 2014. The Company’s investment in obligations of states and municipalities, mortgage-backed securities and other debt securities available-for-sale are generally classified within Level 2 of the fair value hierarchy. For these securities, we obtain fair value measurements from independent pricing services. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information, and the instrument’s terms and conditions. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions. Valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as (1) transactions in similar instruments; (2) completed or pending third-party transactions in the underlying investment or comparable entities; (3) subsequent rounds of financing, recapitalization and other transactions across the capital structure; (4) offerings in the equity or debt markets, and (5) changes in financial ratios or cash flows. The Company’s impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 2 inputs based upon appraisals of similar properties obtained from a third party. For Level 3 inputs, fair values are based on management estimates. Other real estate owned values are estimated using Level 2 inputs based upon appraisals of similar properties obtained from a third party. For Level 3 inputs, fair values are based on management estimates. The following summarizes assets measured at fair value at September 30, 2015 and December 31, 2014. A ssets Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2015: Debt securities issued by U.S. government corporations and agencies $ 13,751 $ - $ 13,751 $ - Obligations of states and municipalities 14,858 - 14,858 - Mortgage-backed securities 42,816 - 42,816 - SBA loan pool 391 - 391 - $ 71,816 $ - $ 71,816 $ - December 31, 2014: Debt securities issued by U.S. government corporations and agencies $ 18,064 $ - $ 18,064 $ - Obligations of states and municipalities 16,599 - 16,599 - Mortgage-backed securities 48,668 - 48,668 - SBA loan pool 474 - 474 - $ 83,805 $ - $ 83,805 $ - Assets Measured at Fair Value on a Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2015: Impaired loans $ 382 $ - $ - $ 382 $ 382 $ - $ - $ 382 Fair Value Measurements at Reporting Date Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) December 31, 2014: Impaired loans $ 433 $ - $ - $ 433 Other real estate owned 105 - - 105 $ 538 $ - $ - $ 538 The estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, were as follows as of September 30, 2015 and December 31, 2014: September 30, 2015 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 14,158 $ 14,158 $ - $ - $ 14,158 Available-for-sale securities 71,816 - 71,816 - 71,816 Federal Home Loan Bank stock 3,074 3,074 - - 3,074 Loans held-for-sale 6,892 - - 7,006 7,006 Loans, net 304,426 - - 305,781 305,781 Bank-owned life insurance 7,338 - 7,338 - 7,338 Accrued interest receivable 1,045 1,045 - - 1,045 Financial liabilities: Deposits 374,806 - 367,421 - 367,421 Securities sold under agreements to repurchase 2,722 - 2,722 - 2,722 Federal Home Loan Bank advances 5,500 - 5,500 - 5,500 December 31, 2014 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 19,820 $ 19,820 $ - $ - $ 19,820 Available-for-sale securities 83,805 - 83,805 - 83,805 Federal Home Loan Bank stock 1,801 1,801 - - 1,801 Loans held-for-sale 5,374 - - 5,499 5,499 Loans, net 283,381 - - 285,439 285,439 Bank-owned life insurance 7,184 - 7,184 - 7,184 Accrued interest receivable 1,095 1,095 - - 1,095 Financial liabilities: Deposits 356,065 - 356,353 - 356,353 Securities sold under agreements to repurchase 3,921 - 3,921 - 3,921 Federal Home Loan Bank advances 17,500 - 17,500 - 17,500

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 5 – EARNINGS PER COMMON SHARE Basic earnings per common share (“EPS”) excludes dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The following information was used in the computation of EPS on both a basic and diluted basis for the three and nine months ended September 30, 2015 and 2014: For the three months ended 9/30/15 9/30/14 (In Thousands, Except Per Share Data) Basic earnings per share computation: Net income $ 353 $ 258 Preferred stock net accretion (3 ) (3 ) Cumulative preferred stock dividends (23 ) (22 ) Net income available to common stockholders $ 327 $ 233 Weighted average shares outstanding, basic 890,190 883,998 Basic earnings per share $ 0.37 $ 0.26 Diluted earnings per share computation: Net income $ 353 $ 258 Preferred stock net accretion (3 ) (3 ) Cumulative preferred stock dividends (23 ) (22 ) Net income available to common stockholders $ 327 $ 233 Weighted average shares outstanding, before dilution 890,190 883,998 Dilutive potential shares 4,190 4,337 Weighted average shares outstanding, assuming dilution 894,380 888,335 Diluted earnings per share $ 0.37 $ 0.26 For the nine months ended 9/30/15 9/30/14 (In Thousands, Except Per Share Data) Basic earnings per share computation: Net income $ 1,045 $ 451 Preferred stock net accretion (9 ) (9 ) Cumulative preferred stock dividends (77 ) (67 ) Net income available to common shareholders $ 959 $ 375 Weighted average shares outstanding, basic 889,473 882,158 Basic earnings per share $ 1.08 $ 0.42 Diluted earnings per share computation: Net income $ 1,045 $ 451 Preferred stock net accretion (9 ) (9 ) Cumulative preferred stock dividends (77 ) (67 ) Net income available to common shareholders $ 959 $ 375 Weighted average shares outstanding, before dilution 889,473 882,158 Dilutive potential shares 2,531 4,536 Weighted average shares outstanding, assuming dilution 892,004 886,694 Diluted earnings per share $ 1.08 $ 0.42

Note 6 - Investment Securities

Note 6 - Investment Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 6 – INVESTMENT SECURITIES The aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more, and are not other than temporarily impaired, were as follows: Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) September 30, 2015: Debt securities issued by U.S. government corporations and agencies $ - $ - $ 2,497 $ 2 $ 2,497 $ 2 Obligations of states and municipalities 697 13 1,988 41 2,685 54 Mortgage-backed securities 6,358 20 24,803 270 31,161 290 Total temporarily impaired securities 7,055 33 29,288 313 36,343 346 Other-than-temporarily impaired securities Mortgage-backed securities 17 - 228 26 245 26 Total temporarily impaired and other-than-temporarily impaired securities $ 7,072 $ 33 $ 29,516 $ 339 $ 36,588 $ 372 December 31, 2014: Debt securities issued by U.S. Government corporations and agencies $ 4,486 $ 12 $ 13,077 $ 127 $ 17,563 $ 139 Obligations of states and municipalities 526 12 1,772 40 2,298 52 Mortgage-backed securities 1,422 6 36,550 593 37,972 599 Total temporarily impaired securities 6,434 30 51,399 760 57,833 790 Other-than-temporarily impaired securities: Mortgage-backed securities - - 274 30 274 30 Total temporarily impaired and other-than-temporarily impaired securities $ 6,434 $ 30 $ 51,673 $ 790 $ 58,107 $ 820 The investments in the Company’s investment portfolio that were temporarily impaired as of September 30, 2015 consisted of debt issued by states and municipalities and U.S. government agencies and sponsored enterprises. The Company’s management anticipates that the fair value of securities that are currently impaired will recover to cost basis. As the Company has the ability and intent to hold securities for the foreseeable future, no declines are deemed to be other than temporary, unless otherwise noted above. The following tables summarize the amounts and distribution of the Company’s investment securities held as of September 30, 2015 and December 31, 2014: INVESTMENT PORTFOLIO (In Thousands) September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES U.S. government and agency securities Due after one to five years $ 13,203 $ 42 $ 2 13,243 1.28 % Due after five to ten years 500 8 - 508 2.00 % Total U.S. government and agency securities 13,703 50 2 13,751 1.31 % State and municipal securities Due after one to five years 376 5 - 381 4.25 % Due after five to ten years 5,261 180 23 5,418 3.72 % Due after ten to fifteen years 6,297 256 25 6,528 4.13 % Due beyond fifteen years 2,511 26 6 2,531 3.20 % Total state and municipal securities 14,445 467 54 14,858 3.82 % Mortgage-backed securities Due after one to five years 518 10 - 528 3.19 % Due after five to ten years 1,418 31 1 1,448 3.31 % Due after ten to fifteen years 25,359 64 144 25,279 2.44 % Due beyond fifteen years 15,690 42 171 15,561 3.06 % Total mortgage-backed securities 42,985 147 316 42,816 2.70 % SBA loan pool Due after five to ten years 361 30 - 391 4.70 % Total SBA loan pool 361 30 - 391 4.70 % Total available-for-sale securities $ 71,494 $ 694 $ 372 $ 71,816 2.67 % INVESTMENT PORTFOLIO (In Thousands) December 31,2014 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES U.S. government and agency securities Due after one to five years $ 16,702 $ 1 $ 135 $ 16,568 1.21 % Due after five to ten years 1,500 - 4 1,496 1.83 % Total U.S. government and agency securities 18,202 1 139 18,064 1.27 % State and municipal securities Due after one to five years 559 24 - 583 2.26 % Due after five to ten years 4,835 184 31 4,988 3.22 % Due after ten to fifteen years 8,065 445 21 8,489 3.23 % Due beyond fifteen years 2,513 26 - 2,539 3.09 % Total state and municipal securities 15,972 679 52 16,599 3.18 % Mortgage-backed securities Due within one year - - - - - Due after one to five years 588 14 - 602 2.97 % Due after five to ten years 1,846 36 1 1,881 2.25 % Due after ten to fifteen years 28,811 42 360 28,493 1.78 % Due beyond fifteen years 17,912 48 268 17,692 2.38 % Total mortgage-backed securities 49,157 140 629 48,668 2.03 % SBA loan pool Due after ten to fifteen years 440 34 - 474 4.96 % Total SBA loan pool 440 34 - 474 4.96 % Total available-for-sale securities $ 83,771 $ 854 $ 820 $ 83,805 2.36 % During the nine months ended September 30, 2015, there were proceeds of $1.6 million from sales of available-for-sale securities. Gross realized gains on these sales amounted to $99 thousand. The tax expense applicable to these gross realized gains amounted to $34 thousand. During the nine months ended September 30, 2014, there were proceeds of $1.1 million from sales of available-for-sale securities. Gross realized gains on these sales amounted to $103 thousand. The tax expense applicable to these gross realized gains amounted to $35 thousand.

Note 7 - Loan Information

Note 7 - Loan Information	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 7 – LOAN INFORMATION Loans consisted of the following as of September 30, 2015 and December 31, 2014: September 30, 2015 December 31, 2014 (In Thousands) Real estate - residential $ 137,518 $ 132,553 Real estate - commercial 47,454 46,982 Real estate - construction and land development 17,919 13,234 Municipal 12,502 10,061 Home equity 47,017 46,403 Commercial and industrial 26,813 19,038 Consumer 16,732 16,576 305,955 284,847 Allowance for loan losses (2,897 ) (2,761 ) Deferred loan origination costs, net 1,368 1,295 Net loans $ 304,426 $ 283,381 The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. General component: The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, construction and land development, municipal, home equity, commercial and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the nine months ended September 30, 2015. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate and home equity: The Company generally does not originate loans with a loan-to-value ratio greater than 80% without obtaining private mortgage insurance for any amounts over 80% and does not grant subprime loans. All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Commercial real estate: Loans in this segment are primarily owner occupied properties throughout the Farmington Valley in Connecticut. Management continually monitors the financial performance of these loans and the related operating entities. Construction loans: Loans in this segment primarily include real estate development loans for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at adequate prices, and market conditions. Commercial loans: Loans in this segment are made to businesses and are generally secured by the assets of the businesses. Repayment is expected from the cash flows of the businesses. A weakened economy will have an effect on the credit quality in this segment. Consumer loans: Loans in this segment are made for the purpose of financing automobiles, various types of consumer goods and other personal purposes. Most of the Company’s consumer loans are secured by personal property purchased with the proceeds of such consumer loans. Allocated component: The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis for commercial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. 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 payments of principal or 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. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component: An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. The following tables present the allowance for loan losses by portfolio segment for the nine months ended September 30, 2015 and September 30, 2014: Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2015: Allowance for loan losses: Beginning balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 Charge-offs - - - - - (18 ) - (18 ) Recoveries - - - - - 9 - 9 (Benefit) provision (15 ) (66 ) 119 5 98 3 1 145 Ending balance $ 1,070 $ 672 $ 368 $ 329 $ 325 $ 128 $ 5 $ 2,897 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2014: Allowance for loan losses: Beginning balance $ 1,189 $ 748 $ 211 $ 303 $ 239 $ 102 $ - $ 2,792 Charge-offs (98 ) - - - - (2 ) - (100 ) Recoveries 11 - - - 3 - - 14 (Benefit) provision (114 ) (16 ) 145 (26 ) 3 45 18 55 Ending balance $ 988 $ 732 $ 356 $ 277 $ 245 $ 145 $ 18 $ 2,761 The following tables set forth information regarding loans and the allowance for loan losses by portfolio segment as of September 30, 2015 and December 31, 2014: Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) September 30, 2015: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: Collectively evaluated for impairment 1,070 672 368 329 325 128 5 2,897 Total allowance for loan losses ending balance $ 1,070 $ 672 $ 368 $ 329 $ 325 $ 128 $ 5 $ 2,897 Loans: Ending balance: Individually evaluated for impairment $ - $ 2,315 $ - $ - $ 382 $ - $ - $ 2,697 Ending balance: Collectively evaluated for impairment 137,518 53,711 17,919 47,017 30,361 16,732 - 303,258 Total loans ending balance $ 137,518 $ 56,026 $ 17,919 $ 47,017 $ 30,743 $ 16,732 $ - $ 305,955 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Unallocated Total (In thousands) December 31, 2014 Allowance for loan losses: Beginning balance $ 1,189 $ 748 $ 211 $ 303 $ 239 $ 102 $ - $ 2,792 Charge-offs (93 ) - - - - (8 ) - (101 ) Recoveries 8 - - - 3 4 - 15 (Benefit) provision (19 ) (10 ) 38 21 (15 ) 36 4 55 Ending balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 December 31, 2014: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 6 $ - $ - $ 6 Ending balance: Collectively evaluated for impairment 1,085 738 249 324 221 134 4 2,755 Total allowance for loan losses ending balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 Loans: Ending balance: Individually evaluated for impairment $ 170 $ 860 $ - $ 3 $ 439 $ - $ - $ 1,472 Ending balance: Collectively evaluated for impairment 132,383 54,724 13,234 46,400 20,058 16,576 - 283,375 Total loans ending balance $ 132,553 $ 55,584 $ 13,234 $ 46,403 $ 20,497 $ 16,576 $ - $ 284,847 The following tables present the Company’s loans by risk rating as of September 30, 2015 and December 31, 2014: Real Estate Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Total (In Thousands) September 30, 2015: Grade: Pass $ - $ 50,159 $ 17,919 $ - $ 27,041 $ - $ 95,119 Special mention - 3,197 - - 220 - 3,417 Substandard 729 2,670 - 234 3,482 - 7,115 Loans not formally rated 136,789 - - 46,783 - 16,732 200,304 Total $ 137,518 $ 56,026 $ 17,919 $ 47,017 $ 30,743 $ 16,732 $ 305,955 December 31, 2014: Grade: Pass $ - $ 50,208 $ 11,529 $ - $ 18,380 $ - $ 80,117 Special mention - 3,866 1,705 - 642 - 6,213 Substandard 474 1,510 - 166 1,475 - 3,625 Loans not formally rated 132,079 - - 46,237 - 16,576 194,892 Total $ 132,553 $ 55,584 $ 13,234 $ 46,403 $ 20,497 $ 16,576 $ 284,847 Credit Quality Indicators The Company utilizes a risk rating grading matrix to assign a risk grade to each of its commercial loans. Loans are graded on a scale of 1 to 7. A “Pass” is defined as risk rating 1 through 3.5 . A description of each rating class is as follows: R isk Rating 1 (Superior) Risk Rating 2 (Good) Risk Rating 3 (Satisfactory) – Risk Rating 3.5 (Bankable with Care) Risk Rating 4 (Special Mention) Risk Rating 5 (Substandard) Risk Rating 6 (Doubtful) Risk Rating 7 (Loss) Loans not formally rated include residential, home equity and consumer loans. As of September 30, 2015, $200.3 million of the total residential, home equity and consumer loan portfolio of $201.3 million were not formally rated. As of December 31, 2014, $194.9 million of the total residential, home equity and consumer loan portfolio of $195.5 million were not formally rated. The performance of these loans is measured by delinquency status. The Bank underwrites first mortgage loans in accordance with FHLMC and FNMA guidelines. These guidelines provide for specific requirements with regard to documentation, loan to value and debt to income ratios. Guidelines for home equity loans and lines place a maximum loan to value of 80% on these loans and lines and the Bank requires full underwriting disclosure documentation for these loans. These underwriting factors have produced a loan portfolio with low delinquencies. Total non-accrual and delinquent loans as of September 30, 2015 were 1.50% of total loans outstanding compared to 1.08% of total loans outstanding on December 31, 2014. There were no loans past due 90 days or more and still accruing at September 30, 2015 and December 31, 2014, respectively. The Company’s allowance for loan losses at September 30, 2015 was 0.94% of total loans compared to 0.97% of total loans as of December 31, 2014. An age analysis of past-due loans, segregated by class of loans, as of September 30, 2015 and December 31, 2014 is as follows: 90 Days Total Total Total 30–59 Days 60–89 Days or More Past Due Current Loans (In Thousands) September 30, 2015: Real estate: Residential $ - $ 971 $ 789 $ 1,760 $ 135,791 $ 137,551 Commercial 623 540 1,152 2,315 45,139 47,454 Construction and land development - - - - 17,919 17,919 Home equity - - - - 47,017 47,017 Municipal - - - - 8,572 8,572 Commercial and industrial - - 382 382 26,431 26,813 Municipal - - - - 3,930 3,930 Consumer 85 23 2 110 16,622 16,732 Total $ 708 $ 1,534 $ 2,325 $ 4,567 $ 301,421 $ 305,988 December 31, 2014: Real estate: Residential $ 147 $ - $ 516 $ 663 $ 131,890 $ 132,553 Commercial - - 860 860 46,122 46,982 Construction and land development - - - - 13,234 13,234 Home equity 328 - 77 405 45,998 46,403 Municipal - - - - 8,602 8,602 Commercial and industrial - - 439 439 18,599 19,038 Municipal - - - - 1,459 1,459 Consumer 124 19 - 143 16,433 16,576 Total $ 599 $ 19 $ 1,892 $ 2,510 $ 282,337 $ 284,847 The following table sets forth information regarding nonaccrual loans as of September 30, 2015 and December 31, 2014: Nonaccrual Nonaccrual September 30, 2015 December 31, 2014 (In Thousands) Real estate: Residential $ 1,054 $ 1,064 Commercial 2,315 860 Construction and land development - - Home equity 263 165 Commercial and industrial 382 439 Consumer - - Total $ 4,014 $ 2,528 Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of and for the nine months ended September 30, 2015 and the year ended December 31, 2014: Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) September 30, 2015: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ 10 $ - Commercial 2,315 2,315 - 2,221 58 Home equity - - - - - Construction and land development - - - - - Commercial and industrial 382 382 - 410 Total impaired with no related allowance $ 2,697 $ 2,697 $ - $ 2,641 $ 58 With an allowance recorded: Total impaired with an allowance recorded $ - $ - $ - $ - $ - Total Real Estate: Residential $ - $ - $ - $ 10 $ - Commercial 2,315 2,315 - 2,221 58 Home equity - - - - - Construction and land development - - - - - Commercial and industrial 382 382 - 410 - Total impaired loans $ 2,697 $ 2,697 $ - $ 2,641 $ 58 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) December 31, 2014: With no related allowance recorded: Real Estate: Residential $ 170 $ 170 $ - $ 172 $ 5 Commercial 860 860 - 896 - Construction and land development - - - 133 56 Home equity 3 3 - 4 - Total impaired with no related allowance $ 1,033 $ 1,033 $ - $ 1,205 $ 61 With an allowance recorded: Residential $ - $ - $ - $ - $ - Commercial - - - - - Construction and land development - - - - - Home equity - - - - - Commercial and industrial 439 439 6 372 - Total impaired with an allowance recorded $ 439 $ 439 $ 6 $ 372 $ - Total Real Estate: Residential $ 170 $ 170 $ - $ 172 $ 5 Commercial 860 860 - 896 - Construction and land development - - - 133 56 Home equity 3 3 - 4 - Commercial and industrial 439 439 6 372 - Total impaired loans $ 1,472 $ 1,472 $ 6 $ 1,577 $ 61 The Bank’s troubled debt restructurings (“TDRs”) are determined by management. TDRs may include all accrued interest, late charges, title and recording fees, and attorney’s fees being added back to the pre-modification balance. In addition, rates and terms of the loans have changed. There were no loans modified as a troubled debt restructuring during the nine months ended September 30, 2015. There was one commercial loan that was modified as a troubled debt restructuring during the year ended December 31, 2014. The loan, with a recorded investment of $439 thousand, had its payments temporarily reduced as part of the modification. The loan was individually evaluated for impairment as of December 31, 2014 and it was determined that a $6 thousand specific allowance was required. On September 30, 2015, the loan had a recorded investment of $382 thousand and cash flows from the borrower showed no necessity of maintaining the specific allowance. The loan was kept in nonaccrual status at September 30, 2015 and December 31, 2014. As of September 30, 2015, there were no foreclosed residential real estate properties held by the Company. The recorded investment in consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure according to local requirements of the applicable jurisdiction amounted to $315 thousand at September 30, 2015. The balance of mortgage servicing rights included in other assets at September 30, 2015 and December 31, 2014 was $1.92 million and $1.58 million, respectively. Mortgage servicing rights of $781 thousand and $531 thousand were capitalized for the nine months ended September 30, 2015 and the year ended December 31, 2014, respectively. Amortization of mortgage servicing rights was $431 thousand and $401 thousand for the nine months ended September 30, 2015 and the year ended December 31, 2014, respectively. The fair value of these rights was $2.52 million and $2.05 million as of September 30, 2015 and December 31, 2014, respectively. Mortgage loans serviced for others were not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage loans serviced for others were $216.8 million and $176.8 million as of September 30, 2015 and December 31, 2014, respectively.

Note 8 - Securities Sold Under

Note 8 - Securities Sold Under Agreements to Repurchase	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	NOTE 8 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase consist of funds borrowed from customers on a short-term basis secured by portions of the Company's investment portfolio. The securities which were sold have been accounted for not as sales but as borrowings. The securities consisted of debt securities issued by the U.S. Treasury and other U.S. government sponsored enterprises, corporations and agencies and states and municipalities. The securities were held in safekeeping by Morgan Stanley, under the control of the Company. The purchasers have agreed to sell to the Company substantially identical securities at the maturity of the agreements. The agreements mature generally within three months from date of issue.

Note 9 - Other Comprehensive In

Note 9 - Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	NOTE 9 – OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the reclassification disclosure for the three and nine months ended September 30, 2015 and 2014: 9/30/2015 9/30/2014 (In thousands) Three months ended: Net change in unrealized holding gains/losses on available-for-sale securities $ 672 $ (250 ) Reclassification adjustment for realized gains in net income (1) (26 ) - Other comprehensive income (loss) before income tax effect 646 (250 ) Income tax (expense) benefit (220 ) 85 Other comprehensive income (loss), net of tax $ 426 $ (165 ) 9/30/2015 9/30/2014 (In thousands) Nine months ended : Net unrealized holding gains/losses on available-for-sale securities $ 381 $ 1,977 Reclassification adjustment for realized gains in net income (1) (93 ) (96 ) Other comprehensive income before income tax effect 288 1,881 Income tax expense (98 ) (640 ) Other comprehensive income, net of tax $ 190 $ 1,241 (1) Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income (loss) and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain (loss) on sales of available-for-sale securities, net of writedowns, the tax expense amount is included in income tax provision (benefit) and the after tax amount is included in net income.

Note 10 - Recent Developments

Note 10 - Recent Developments	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 10 – RECENT DEVELOPMENTS On September 30, 2015 the Company entered into a Subordinated Loan Agreement (the “Loan Agreement”) with Community Funding CLO, Ltd. (“Community Funding”) pursuant to which the Company issued an unsecured subordinated term note in the aggregate principal amount of $7,500,000 due July 31, 2025 (the “Subordinated Note”) to Community Funding. The closing date of the issuance of the Subordinated Note occurred on October 15th, 2015 (the “Closing Date”). The Company received net proceeds of approximately $7.2 million from the issuance of the Subordinated Note. The Loan Agreement provides that the Subordinated Note will bear interest at a fixed rate of 6.75% per annum, provided, however, that for the period beginning immediately after the Closing Date through, but not including, February 11, 2016, Community Funding will rebate an amount equal to 3.40% per annum to the Company, resulting in a rate of 3.35% per annum to the Company, net of any payments of interest made by the Company, so long as no event of default has occurred or is occurring during such period. Interest on the Subordinated Note will be payable by the Company quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on the first such date following the Closing Date and on the maturity date. The principal amount of the Subordinated Note is due on the tenth anniversary of the Closing Date, provided, however, that the Company may prepay all or a portion of the principal amount of the Subordinated Note on or after the sixth anniversary of the Closing Date. Prior to the sixth anniversary of the Closing Date, the Company can prepay all or a portion of the principal amount of the Subordinated Note only under limited specified circumstances set forth in the Loan Agreement. The Loan Agreement contains customary events of default such as the institution of bankruptcy proceedings by or against the Company and the non-payment by the Company of principal or interest when due. Community Funding may accelerate the repayment of the Subordinated Note only in the event that bankruptcy proceedings are instituted by or against the Company and not for any other event of default. The Loan Agreement includes customary representations, warranties and covenants by the Company. The Company also agreed to indemnify Community Funding and its affiliates against liabilities arising from any breach of representations, warranties and covenants made by the Company under the Loan Agreement or any action instituted against Community Funding and its affiliates by any shareholder of the Company or other third party with respect to the transactions contemplated by the Loan Agreement. On November 5, 2015, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Keefe, Bruyette & Woods, Inc. (the “Underwriter”), pursuant to which the Company agreed to sell to the Underwriter, and the Underwriter agreed to purchase from the Company, 400,000 shares (the “Shares”) of common stock, no par value per share, of the Company (the “Common Stock”) at a public offering price of $21.00 per share. Pursuant to the Underwriting Agreement, the Company also granted the Underwriter an option (the “Option”), exercisable not later than 30 calendar days after the date of the Underwriting Agreement, to purchase up to 60,000 additional shares of Common Stock. The Shares were registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Company’s Registration Statement on Form S-1, as amended (File No. 333-206533), which the Securities and Exchange Commission (the “Commission”) declared effective on November 5, 2015 and Registration Statement on Form S-1MEF (File No. 333-207856) as filed by the Company with the Commission on November 6, 2015, which became effective upon filing in accordance with Rule 462(b) under the Securities Act. The Underwriting Agreement contains customary representations, warranties and agreements by the Company, and customary conditions to closing, indemnification obligations of the Company and the Underwriter, including for liabilities under the Securities Act, other obligations of the parties, and termination provisions. Pursuant to the Underwriting Agreement, the Company and each of its officers and directors have agreed, subject to certain exceptions, not to offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any Common Stock or other securities convertible into or exercisable or exchangeable for shares of our Common Stock for a period of 90 days from the date of the Underwriting Agreement without the prior written consent of the Underwriter. The Underwriting Agreement is not intended to provide any other factual information about the Company. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of the Underwriting Agreement and as of specific dates, were solely for the benefit of the parties to the Underwriting Agreement, and may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures exchanged between the parties in connection with the execution of the Underwriting Agreement. The closing occurred on November 10, 2015, following satisfaction of the closing conditions set forth in the Underwriting Agreement. At the closing, the Company issued 400,000 shares of Common Stock. The Company received net proceeds of approximately $7.9 million after deducting underwriting discounts and commissions payable by the Company in connection with the offering. On November 12, 2015, the Underwriter notified the Company that it had exercised a portion of the Option and purchased an additional 51,473 shares of common stock in the Company. The Company expects the transaction to settle on November 17th, 2015 and expects to receive approximately $1.0 million of net proceeds after deducting underwriting discounts and commissions payable by the Company in connection with the offering. The Company intends to use the net proceeds of approximately $7.2 million from the issuance of the Subordinated Note and approximately $8.9 million from the public offering of the Shares to support the growth of the Bank, including the expansion into the West Hartford, Connecticut market through the opening of a new branch office and the growth of the Bank’s loan portfolio, and for other general corporate purposes. The Company also intends to use a portion of the net proceeds from the issuance of the Subordinated Note and from the public offering of the Shares to redeem, prior to December 31, 2015, the 9,000 shares of Senior Non-Cumulative Perpetual Preferred Stock that were issued to the U.S. Treasury as part of the Company’s participation in the SBLF program. The 400,000 shares of common stock were registered under the Securities Act of 1933, as amended, pursuant to the Company’s Registration Statement on Form S-1, as amended (File No. 333-206533), which the Securities and Exchange Commission (the “SEC”) declared effective on November 5, 2015, and Registration Statement on Form S-1MEF (File No. 333-207856) as filed by the Company with the SEC on November 6, 2015, which became effective upon filing. These registration statements filed with the SEC may be obtained by visiting the SEC’s website at www.sec.gov The Company intends to use the net proceeds of approximately $7.2 million from the issuance of the subordinated note and approximately $8.9 million from the public offering of 400,000 shares of its common stock to support the growth of the Bank, including the expansion into the West Hartford, Connecticut market through the opening of a new branch office and the growth of the Bank’s loan portfolio, and for other general corporate purposes. The Company also intends to use a portion of the net proceeds from the issuance of the subordinated note and from the public offering of 400,000 shares of its common stock to redeem, prior to December 31, 2015, the 9,000 shares of Senior Non-Cumulative Perpetual Preferred Stock that was issued to the U.S. Treasury as part of the Company’s participation in the SBLF program.

Note 4 - Fair Value Measureme18

Note 4 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements at Reporting Date Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2015: Debt securities issued by U.S. government corporations and agencies $ 13,751 $ - $ 13,751 $ - Obligations of states and municipalities 14,858 - 14,858 - Mortgage-backed securities 42,816 - 42,816 - SBA loan pool 391 - 391 - $ 71,816 $ - $ 71,816 $ - December 31, 2014: Debt securities issued by U.S. government corporations and agencies $ 18,064 $ - $ 18,064 $ - Obligations of states and municipalities 16,599 - 16,599 - Mortgage-backed securities 48,668 - 48,668 - SBA loan pool 474 - 474 - $ 83,805 $ - $ 83,805 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2015: Impaired loans $ 382 $ - $ - $ 382 $ 382 $ - $ - $ 382 Fair Value Measurements at Reporting Date Using: Quoted Prices Significant in Active Other Significant Markets for Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) December 31, 2014: Impaired loans $ 433 $ - $ - $ 433 Other real estate owned 105 - - 105 $ 538 $ - $ - $ 538
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2015 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 14,158 $ 14,158 $ - $ - $ 14,158 Available-for-sale securities 71,816 - 71,816 - 71,816 Federal Home Loan Bank stock 3,074 3,074 - - 3,074 Loans held-for-sale 6,892 - - 7,006 7,006 Loans, net 304,426 - - 305,781 305,781 Bank-owned life insurance 7,338 - 7,338 - 7,338 Accrued interest receivable 1,045 1,045 - - 1,045 Financial liabilities: Deposits 374,806 - 367,421 - 367,421 Securities sold under agreements to repurchase 2,722 - 2,722 - 2,722 Federal Home Loan Bank advances 5,500 - 5,500 - 5,500 December 31, 2014 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 19,820 $ 19,820 $ - $ - $ 19,820 Available-for-sale securities 83,805 - 83,805 - 83,805 Federal Home Loan Bank stock 1,801 1,801 - - 1,801 Loans held-for-sale 5,374 - - 5,499 5,499 Loans, net 283,381 - - 285,439 285,439 Bank-owned life insurance 7,184 - 7,184 - 7,184 Accrued interest receivable 1,095 1,095 - - 1,095 Financial liabilities: Deposits 356,065 - 356,353 - 356,353 Securities sold under agreements to repurchase 3,921 - 3,921 - 3,921 Federal Home Loan Bank advances 17,500 - 17,500 - 17,500

Note 5 - Earnings Per Common 19

Note 5 - Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended 9/30/15 9/30/14 (In Thousands, Except Per Share Data) Basic earnings per share computation: Net income $ 353 $ 258 Preferred stock net accretion (3 ) (3 ) Cumulative preferred stock dividends (23 ) (22 ) Net income available to common stockholders $ 327 $ 233 Weighted average shares outstanding, basic 890,190 883,998 Basic earnings per share $ 0.37 $ 0.26 Diluted earnings per share computation: Net income $ 353 $ 258 Preferred stock net accretion (3 ) (3 ) Cumulative preferred stock dividends (23 ) (22 ) Net income available to common stockholders $ 327 $ 233 Weighted average shares outstanding, before dilution 890,190 883,998 Dilutive potential shares 4,190 4,337 Weighted average shares outstanding, assuming dilution 894,380 888,335 Diluted earnings per share $ 0.37 $ 0.26 For the nine months ended 9/30/15 9/30/14 (In Thousands, Except Per Share Data) Basic earnings per share computation: Net income $ 1,045 $ 451 Preferred stock net accretion (9 ) (9 ) Cumulative preferred stock dividends (77 ) (67 ) Net income available to common shareholders $ 959 $ 375 Weighted average shares outstanding, basic 889,473 882,158 Basic earnings per share $ 1.08 $ 0.42 Diluted earnings per share computation: Net income $ 1,045 $ 451 Preferred stock net accretion (9 ) (9 ) Cumulative preferred stock dividends (77 ) (67 ) Net income available to common shareholders $ 959 $ 375 Weighted average shares outstanding, before dilution 889,473 882,158 Dilutive potential shares 2,531 4,536 Weighted average shares outstanding, assuming dilution 892,004 886,694 Diluted earnings per share $ 1.08 $ 0.42

Note 6 - Investment Securities

Note 6 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) September 30, 2015: Debt securities issued by U.S. government corporations and agencies $ - $ - $ 2,497 $ 2 $ 2,497 $ 2 Obligations of states and municipalities 697 13 1,988 41 2,685 54 Mortgage-backed securities 6,358 20 24,803 270 31,161 290 Total temporarily impaired securities 7,055 33 29,288 313 36,343 346 Other-than-temporarily impaired securities Mortgage-backed securities 17 - 228 26 245 26 Total temporarily impaired and other-than-temporarily impaired securities $ 7,072 $ 33 $ 29,516 $ 339 $ 36,588 $ 372 December 31, 2014: Debt securities issued by U.S. Government corporations and agencies $ 4,486 $ 12 $ 13,077 $ 127 $ 17,563 $ 139 Obligations of states and municipalities 526 12 1,772 40 2,298 52 Mortgage-backed securities 1,422 6 36,550 593 37,972 599 Total temporarily impaired securities 6,434 30 51,399 760 57,833 790 Other-than-temporarily impaired securities: Mortgage-backed securities - - 274 30 274 30 Total temporarily impaired and other-than-temporarily impaired securities $ 6,434 $ 30 $ 51,673 $ 790 $ 58,107 $ 820
Available-for-sale Securities [Table Text Block]	INVESTMENT PORTFOLIO (In Thousands) September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES U.S. government and agency securities Due after one to five years $ 13,203 $ 42 $ 2 13,243 1.28 % Due after five to ten years 500 8 - 508 2.00 % Total U.S. government and agency securities 13,703 50 2 13,751 1.31 % State and municipal securities Due after one to five years 376 5 - 381 4.25 % Due after five to ten years 5,261 180 23 5,418 3.72 % Due after ten to fifteen years 6,297 256 25 6,528 4.13 % Due beyond fifteen years 2,511 26 6 2,531 3.20 % Total state and municipal securities 14,445 467 54 14,858 3.82 % Mortgage-backed securities Due after one to five years 518 10 - 528 3.19 % Due after five to ten years 1,418 31 1 1,448 3.31 % Due after ten to fifteen years 25,359 64 144 25,279 2.44 % Due beyond fifteen years 15,690 42 171 15,561 3.06 % Total mortgage-backed securities 42,985 147 316 42,816 2.70 % SBA loan pool Due after five to ten years 361 30 - 391 4.70 % Total SBA loan pool 361 30 - 391 4.70 % Total available-for-sale securities $ 71,494 $ 694 $ 372 $ 71,816 2.67 % INVESTMENT PORTFOLIO (In Thousands) December 31,2014 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES U.S. government and agency securities Due after one to five years $ 16,702 $ 1 $ 135 $ 16,568 1.21 % Due after five to ten years 1,500 - 4 1,496 1.83 % Total U.S. government and agency securities 18,202 1 139 18,064 1.27 % State and municipal securities Due after one to five years 559 24 - 583 2.26 % Due after five to ten years 4,835 184 31 4,988 3.22 % Due after ten to fifteen years 8,065 445 21 8,489 3.23 % Due beyond fifteen years 2,513 26 - 2,539 3.09 % Total state and municipal securities 15,972 679 52 16,599 3.18 % Mortgage-backed securities Due within one year - - - - - Due after one to five years 588 14 - 602 2.97 % Due after five to ten years 1,846 36 1 1,881 2.25 % Due after ten to fifteen years 28,811 42 360 28,493 1.78 % Due beyond fifteen years 17,912 48 268 17,692 2.38 % Total mortgage-backed securities 49,157 140 629 48,668 2.03 % SBA loan pool Due after ten to fifteen years 440 34 - 474 4.96 % Total SBA loan pool 440 34 - 474 4.96 % Total available-for-sale securities $ 83,771 $ 854 $ 820 $ 83,805 2.36 %

Note 7 - Loan Information (Tabl

Note 7 - Loan Information (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2015 December 31, 2014 (In Thousands) Real estate - residential $ 137,518 $ 132,553 Real estate - commercial 47,454 46,982 Real estate - construction and land development 17,919 13,234 Municipal 12,502 10,061 Home equity 47,017 46,403 Commercial and industrial 26,813 19,038 Consumer 16,732 16,576 305,955 284,847 Allowance for loan losses (2,897 ) (2,761 ) Deferred loan origination costs, net 1,368 1,295 Net loans $ 304,426 $ 283,381
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2015: Allowance for loan losses: Beginning balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 Charge-offs - - - - - (18 ) - (18 ) Recoveries - - - - - 9 - 9 (Benefit) provision (15 ) (66 ) 119 5 98 3 1 145 Ending balance $ 1,070 $ 672 $ 368 $ 329 $ 325 $ 128 $ 5 $ 2,897 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2014: Allowance for loan losses: Beginning balance $ 1,189 $ 748 $ 211 $ 303 $ 239 $ 102 $ - $ 2,792 Charge-offs (98 ) - - - - (2 ) - (100 ) Recoveries 11 - - - 3 - - 14 (Benefit) provision (114 ) (16 ) 145 (26 ) 3 45 18 55 Ending balance $ 988 $ 732 $ 356 $ 277 $ 245 $ 145 $ 18 $ 2,761 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) September 30, 2015: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: Collectively evaluated for impairment 1,070 672 368 329 325 128 5 2,897 Total allowance for loan losses ending balance $ 1,070 $ 672 $ 368 $ 329 $ 325 $ 128 $ 5 $ 2,897 Loans: Ending balance: Individually evaluated for impairment $ - $ 2,315 $ - $ - $ 382 $ - $ - $ 2,697 Ending balance: Collectively evaluated for impairment 137,518 53,711 17,919 47,017 30,361 16,732 - 303,258 Total loans ending balance $ 137,518 $ 56,026 $ 17,919 $ 47,017 $ 30,743 $ 16,732 $ - $ 305,955 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Unallocated Total (In thousands) December 31, 2014 Allowance for loan losses: Beginning balance $ 1,189 $ 748 $ 211 $ 303 $ 239 $ 102 $ - $ 2,792 Charge-offs (93 ) - - - - (8 ) - (101 ) Recoveries 8 - - - 3 4 - 15 (Benefit) provision (19 ) (10 ) 38 21 (15 ) 36 4 55 Ending balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 December 31, 2014: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 6 $ - $ - $ 6 Ending balance: Collectively evaluated for impairment 1,085 738 249 324 221 134 4 2,755 Total allowance for loan losses ending balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 Loans: Ending balance: Individually evaluated for impairment $ 170 $ 860 $ - $ 3 $ 439 $ - $ - $ 1,472 Ending balance: Collectively evaluated for impairment 132,383 54,724 13,234 46,400 20,058 16,576 - 283,375 Total loans ending balance $ 132,553 $ 55,584 $ 13,234 $ 46,403 $ 20,497 $ 16,576 $ - $ 284,847
Financing Receivable Credit Quality Indicators [Table Text Block]	Real Estate Construction and Land Commercial Residential Commercial Development Home Equity & Industrial Consumer Total (In Thousands) September 30, 2015: Grade: Pass $ - $ 50,159 $ 17,919 $ - $ 27,041 $ - $ 95,119 Special mention - 3,197 - - 220 - 3,417 Substandard 729 2,670 - 234 3,482 - 7,115 Loans not formally rated 136,789 - - 46,783 - 16,732 200,304 Total $ 137,518 $ 56,026 $ 17,919 $ 47,017 $ 30,743 $ 16,732 $ 305,955 December 31, 2014: Grade: Pass $ - $ 50,208 $ 11,529 $ - $ 18,380 $ - $ 80,117 Special mention - 3,866 1,705 - 642 - 6,213 Substandard 474 1,510 - 166 1,475 - 3,625 Loans not formally rated 132,079 - - 46,237 - 16,576 194,892 Total $ 132,553 $ 55,584 $ 13,234 $ 46,403 $ 20,497 $ 16,576 $ 284,847
Past Due Financing Receivables [Table Text Block]	90 Days Total Total Total 30–59 Days 60–89 Days or More Past Due Current Loans (In Thousands) September 30, 2015: Real estate: Residential $ - $ 971 $ 789 $ 1,760 $ 135,791 $ 137,551 Commercial 623 540 1,152 2,315 45,139 47,454 Construction and land development - - - - 17,919 17,919 Home equity - - - - 47,017 47,017 Municipal - - - - 8,572 8,572 Commercial and industrial - - 382 382 26,431 26,813 Municipal - - - - 3,930 3,930 Consumer 85 23 2 110 16,622 16,732 Total $ 708 $ 1,534 $ 2,325 $ 4,567 $ 301,421 $ 305,988 December 31, 2014: Real estate: Residential $ 147 $ - $ 516 $ 663 $ 131,890 $ 132,553 Commercial - - 860 860 46,122 46,982 Construction and land development - - - - 13,234 13,234 Home equity 328 - 77 405 45,998 46,403 Municipal - - - - 8,602 8,602 Commercial and industrial - - 439 439 18,599 19,038 Municipal - - - - 1,459 1,459 Consumer 124 19 - 143 16,433 16,576 Total $ 599 $ 19 $ 1,892 $ 2,510 $ 282,337 $ 284,847
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Nonaccrual Nonaccrual September 30, 2015 December 31, 2014 (In Thousands) Real estate: Residential $ 1,054 $ 1,064 Commercial 2,315 860 Construction and land development - - Home equity 263 165 Commercial and industrial 382 439 Consumer - - Total $ 4,014 $ 2,528
Impaired Financing Receivables [Table Text Block]	Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) September 30, 2015: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ 10 $ - Commercial 2,315 2,315 - 2,221 58 Home equity - - - - - Construction and land development - - - - - Commercial and industrial 382 382 - 410 Total impaired with no related allowance $ 2,697 $ 2,697 $ - $ 2,641 $ 58 With an allowance recorded: Total impaired with an allowance recorded $ - $ - $ - $ - $ - Total Real Estate: Residential $ - $ - $ - $ 10 $ - Commercial 2,315 2,315 - 2,221 58 Home equity - - - - - Construction and land development - - - - - Commercial and industrial 382 382 - 410 - Total impaired loans $ 2,697 $ 2,697 $ - $ 2,641 $ 58 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) December 31, 2014: With no related allowance recorded: Real Estate: Residential $ 170 $ 170 $ - $ 172 $ 5 Commercial 860 860 - 896 - Construction and land development - - - 133 56 Home equity 3 3 - 4 - Total impaired with no related allowance $ 1,033 $ 1,033 $ - $ 1,205 $ 61 With an allowance recorded: Residential $ - $ - $ - $ - $ - Commercial - - - - - Construction and land development - - - - - Home equity - - - - - Commercial and industrial 439 439 6 372 - Total impaired with an allowance recorded $ 439 $ 439 $ 6 $ 372 $ - Total Real Estate: Residential $ 170 $ 170 $ - $ 172 $ 5 Commercial 860 860 - 896 - Construction and land development - - - 133 56 Home equity 3 3 - 4 - Commercial and industrial 439 439 6 372 - Total impaired loans $ 1,472 $ 1,472 $ 6 $ 1,577 $ 61

Note 9 - Other Comprehensive 22

Note 9 - Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) [Table Text Block]	9/30/2015 9/30/2014 (In thousands) Three months ended: Net change in unrealized holding gains/losses on available-for-sale securities $ 672 $ (250 ) Reclassification adjustment for realized gains in net income (1) (26 ) - Other comprehensive income (loss) before income tax effect 646 (250 ) Income tax (expense) benefit (220 ) 85 Other comprehensive income (loss), net of tax $ 426 $ (165 ) 9/30/2015 9/30/2014 (In thousands) Nine months ended : Net unrealized holding gains/losses on available-for-sale securities $ 381 $ 1,977 Reclassification adjustment for realized gains in net income (1) (93 ) (96 ) Other comprehensive income before income tax effect 288 1,881 Income tax expense (98 ) (640 ) Other comprehensive income, net of tax $ 190 $ 1,241

Note 2 - Stock-based Compensa23

Note 2 - Stock-based Compensation (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated Share-based Compensation Expense	$ 130	$ 117

Note 4 - Fair Value Measureme24

Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	$ 71,816	$ 83,805
US Government Agencies Debt Securities [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	13,751	18,064
US States and Political Subdivisions Debt Securities [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	14,858	16,599
Collateralized Mortgage Backed Securities [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	42,816	48,668
Other Debt Obligations [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	391	474
Fair Value, Inputs, Level 2 [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	71,816	83,805
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	71,816	83,805
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	13,751	18,064
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	14,858	16,599
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	42,816	48,668
Fair Value, Inputs, Level 2 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Available-for-sale securities	$ 391	$ 474

Note 4 - Fair Value Measureme25

Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Asset Class	$ 382	$ 538
Impaired Loans [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Asset Class	382	433
Other Real Estate Owned [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Asset Class		105
Fair Value, Inputs, Level 3 [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Asset Class	382	538
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Asset Class	$ 382	433
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Note 4 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Asset Class		$ 105

Note 4 - Fair Value Measureme26

Note 4 - Fair Value Measurements (Details) - Financial Instruments - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 14,158	$ 19,820
Cash and cash equivalents, fair value	14,158	19,820
Available-for-sale securities	71,816	83,805
Available-for-sale securities, fair value	71,816	83,805
Federal Home Loan Bank stock	3,074	1,801
Federal Home Loan Bank stock, fair value	3,074	1,801
Loans held-for-sale	6,892	5,374
Loans held-for-sale, fair value	7,006	5,499
Loans, net	304,426	283,381
Loans, net, fair value	305,781	285,439
Bank-owned life insurance	7,338	7,184
Bank-owned life insurance, fair value	7,338	7,184
Accrued interest receivable	1,045	1,095
Accrued interest receivable, fair value	1,045	1,095
Financial liabilities:
Deposits	374,806	356,065
Deposits, fair value	367,421	356,353
Securities sold under agreements to repurchase	2,722	3,921
Securities sold under agreements to repurchase, fair value	2,722	3,921
Federal Home Loan Bank advances	5,500	17,500
Federal Home Loan Bank advances, fair value	5,500	17,500
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents, fair value	14,158	19,820
Federal Home Loan Bank stock, fair value	3,074	1,801
Accrued interest receivable	1,045	1,095
Accrued interest receivable, fair value	1,045	1,095
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Available-for-sale securities	71,816	83,805
Available-for-sale securities, fair value	71,816	83,805
Bank-owned life insurance	7,338	7,184
Bank-owned life insurance, fair value	7,338	7,184
Financial liabilities:
Deposits, fair value	367,421	356,353
Securities sold under agreements to repurchase, fair value	2,722	3,921
Federal Home Loan Bank advances, fair value	5,500	17,500
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans held-for-sale, fair value	7,006	5,499
Loans, net, fair value	$ 305,781	$ 285,439

Note 5 - Earnings Per Common 27

Note 5 - Earnings Per Common Share (Details) - Computation of EPS on Both Basic and Diluted Basis - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Basic earnings per share computation:
Net income	$ 353	$ 258	$ 1,045	$ 451
Preferred stock net accretion	(3)	(3)	(9)	(9)
Net income available to common stockholders	327	233	959	375
Cumulative preferred stock dividends	$ (23)	$ (22)	$ (77)	$ (67)
Weighted average shares outstanding, before dilution (in Shares)	890,190	883,998	889,473	882,158
Net income available to common stockholders	$ 327	$ 233	$ 959	$ 375
Dilutive potential shares (in Shares)	4,190	4,337	2,531	4,536
Weighted average shares outstanding, basic (in Shares)	890,190	883,998	889,473	882,158
Weighted average shares outstanding, assuming dilution (in Shares)	894,380	888,335	892,004	886,694
Basic earnings per share (in Dollars per share)	$ 0.37	$ 0.26	$ 1.08	$ 0.42
Diluted earnings per share (in Dollars per share)	$ 0.37	$ 0.26	$ 1.08	$ 0.42
Diluted earnings per share computation:
Net income	$ 353	$ 258	$ 1,045	$ 451

Note 6 - Investment Securitie28

Note 6 - Investment Securities (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]
Proceeds from Sale of Available-for-sale Securities	$ 1,614	$ 1,139
Available-for-sale Securities, Gross Realized Gains	99	103
Available-for-sale Securities, Realized Gain (Loss), Income Tax Expense (Benefit)	$ 34	$ 35

Note 6 - Investment Securitie29

Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Temporarily Impaired Securities [Member]
Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, fair value	$ 7,055	$ 6,434
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	33	30
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, fair value	29,288	51,399
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	313	760
Available-for-sale securities in a continuous unrealized loss position, fair value	36,343	57,833
Available-for-sale securities in a continuous unrealized loss position, unrealized losses	346	790
Temporarily Impaired Securities [Member] | US Government Agencies Debt Securities [Member]
Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, fair value		4,486
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses		12
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, fair value	2,497	13,077
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	2	127
Available-for-sale securities in a continuous unrealized loss position, fair value	2,497	17,563
Available-for-sale securities in a continuous unrealized loss position, unrealized losses	2	139
Temporarily Impaired Securities [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, fair value	697	526
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	13	12
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, fair value	1,988	1,772
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	41	40
Available-for-sale securities in a continuous unrealized loss position, fair value	2,685	2,298
Available-for-sale securities in a continuous unrealized loss position, unrealized losses	54	52
Temporarily Impaired Securities [Member] | Collateralized Mortgage Backed Securities [Member]
Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, fair value	6,358	1,422
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	20	6
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, fair value	24,803	36,550
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	270	593
Available-for-sale securities in a continuous unrealized loss position, fair value	31,161	37,972
Available-for-sale securities in a continuous unrealized loss position, unrealized losses	290	599
Other Than Temporarily Impaired Securities [Member]
Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, fair value	7,072	6,434
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	33	30
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, fair value	29,516	51,673
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	339	790
Available-for-sale securities in a continuous unrealized loss position, fair value	36,588	58,107
Available-for-sale securities in a continuous unrealized loss position, unrealized losses	372	820
Other Than Temporarily Impaired Securities [Member] | Collateralized Mortgage Backed Securities [Member]
Note 6 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Available-for-sale securities in a continuous unrealized loss position, less than 12 months, fair value	17
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, fair value	228	274
Available-for-sale securities in a continuous unrealized loss position, 12 months or longer, unrealized losses	26	30
Available-for-sale securities in a continuous unrealized loss position, fair value	245	274
Available-for-sale securities in a continuous unrealized loss position, unrealized losses	$ 26	$ 30

Note 6 - Investment Securitie30

Note 6 - Investment Securities (Details) - Amortized Cost and Fair Value - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
AVAILABLE-FOR-SALE SECURITIES
Amortized cost, total available-for-sale securities	$ 71,494	$ 83,771
Gross unrealized gains, total available-for-sale securities	694	854
Gross unrealized loss, total available-for-sale securities	372	820
Fair value, total available-for-sale securities	$ 71,816	$ 83,805
Yield, total available-for-sale securities	2.67%	2.36%
US Government Agencies Debt Securities [Member]
AVAILABLE-FOR-SALE SECURITIES
Amortized cost, due after one to five years	$ 13,203	$ 16,702
Gross unrealized gains, due after one to five years	42	1
Gross unrealized loss, due after one to five years	2	135
Fair value, due after one to five years	$ 13,243	$ 16,568
Yield, due after one to five years	1.28%	1.21%
Amortized cost, due after five to ten years	$ 500	$ 1,500
Gross unrealized gains, due after five to ten years	8
Gross unrealized loss, due after five to ten years		4
Fair value, due after five to ten years	$ 508	$ 1,496
Yield, due after five to ten years	2.00%	1.83%
Amortized cost, total available-for-sale securities	$ 13,703	$ 18,202
Gross unrealized gains, total available-for-sale securities	50	1
Gross unrealized loss, total available-for-sale securities	2	139
Fair value, total available-for-sale securities	$ 13,751	$ 18,064
Yield, total available-for-sale securities	1.31%	1.27%
US States and Political Subdivisions Debt Securities [Member]
AVAILABLE-FOR-SALE SECURITIES
Amortized cost, due after one to five years	$ 376	$ 559
Gross unrealized gains, due after one to five years	5	24
Fair value, due after one to five years	$ 381	$ 583
Yield, due after one to five years	4.25%	2.26%
Amortized cost, due after five to ten years	$ 5,261	$ 4,835
Gross unrealized gains, due after five to ten years	180	184
Gross unrealized loss, due after five to ten years	23	31
Fair value, due after five to ten years	$ 5,418	$ 4,988
Yield, due after five to ten years	3.72%	3.22%
Amortized cost, due after ten to fifteen years	$ 6,297	$ 8,065
Gross unrealized gains, due after ten to fifteen years	256	445
Gross unrealized loss, due after ten to fifteen years	25	21
Fair value, due after ten to fifteen years	$ 6,528	$ 8,489
Yield, due after ten to fifteen years	4.13%	3.23%
Amortized cost, due beyond fifteen years	$ 2,511	$ 2,513
Gross unrealized gains, due beyond fifteen years	26	26
Gross unrealized loss, due beyond fifteen years	6
Fair value, due beyond fifteen years	$ 2,531	$ 2,539
Yield, due beyond fifteen years	3.20%	3.09%
Amortized cost, total available-for-sale securities	$ 14,445	$ 15,972
Gross unrealized gains, total available-for-sale securities	467	679
Gross unrealized loss, total available-for-sale securities	54	52
Fair value, total available-for-sale securities	$ 14,858	$ 16,599
Yield, total available-for-sale securities	3.82%	3.18%
Collateralized Mortgage Backed Securities [Member]
AVAILABLE-FOR-SALE SECURITIES
Amortized cost, due after one to five years	$ 518	$ 588
Gross unrealized gains, due after one to five years	10	14
Fair value, due after one to five years	$ 528	$ 602
Yield, due after one to five years	3.19%	2.97%
Amortized cost, due after five to ten years	$ 1,418	$ 1,846
Gross unrealized gains, due after five to ten years	31	36
Gross unrealized loss, due after five to ten years	1	1
Fair value, due after five to ten years	$ 1,448	$ 1,881
Yield, due after five to ten years	3.31%	2.25%
Amortized cost, due after ten to fifteen years	$ 25,359	$ 28,811
Gross unrealized gains, due after ten to fifteen years	64	42
Gross unrealized loss, due after ten to fifteen years	144	360
Fair value, due after ten to fifteen years	$ 25,279	$ 28,493
Yield, due after ten to fifteen years	2.44%	1.78%
Amortized cost, due beyond fifteen years	$ 15,690	$ 17,912
Gross unrealized gains, due beyond fifteen years	42	48
Gross unrealized loss, due beyond fifteen years	171	268
Fair value, due beyond fifteen years	$ 15,561	$ 17,692
Yield, due beyond fifteen years	3.06%	2.38%
Amortized cost, total available-for-sale securities	$ 42,985	$ 49,157
Gross unrealized gains, total available-for-sale securities	147	140
Gross unrealized loss, total available-for-sale securities	316	629
Fair value, total available-for-sale securities	$ 42,816	$ 48,668
Yield, total available-for-sale securities	2.70%	2.03%
Other Debt Obligations [Member]
AVAILABLE-FOR-SALE SECURITIES
Amortized cost, due after five to ten years	$ 361
Gross unrealized gains, due after five to ten years	30
Fair value, due after five to ten years	$ 391
Yield, due after five to ten years	4.70%
Amortized cost, due after ten to fifteen years		$ 440
Gross unrealized gains, due after ten to fifteen years		34
Fair value, due after ten to fifteen years		$ 474
Yield, due after ten to fifteen years		4.96%
Amortized cost, total available-for-sale securities	$ 361	$ 440
Gross unrealized gains, total available-for-sale securities	30	34
Fair value, total available-for-sale securities	$ 391	$ 474
Yield, total available-for-sale securities	4.70%	4.96%

Note 7 - Loan Information (Deta

Note 7 - Loan Information (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Note 7 - Loan Information (Details) [Line Items]
Loans and Leases Receivable, Gross	$ 305,955,000	$ 284,847,000
Loans and Leases Receivable, Ratio of Nonperforming Loans to All Loans	1.50%	1.08%
Allowance for Loan Losses Percentage	0.94%	0.97%
Financing Receivable, Modifications, Number of Contracts	0
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		$ 6,000
Mortgage Loans in Process of Foreclosure, Amount	$ 315,000
Mortgage Servicing Rights [Member]
Note 7 - Loan Information (Details) [Line Items]
Servicing Asset at Amortized Cost	1,920,000	1,580,000
Servicing Asset at Amortized Cost, Additions	781,000	531,000
Servicing Asset at Amortized Cost, Amortization	431,000	401,000
Servicing Asset at Fair Value, Amount	2,520,000	2,050,000
Mortgages [Member]
Note 7 - Loan Information (Details) [Line Items]
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	$ 216,800,000	176,800,000
Residential Portfolio Segment [Member]
Note 7 - Loan Information (Details) [Line Items]
Loan to Value Ratio	80.00%
Loans and Leases Receivable, Gross	$ 137,518,000	132,553,000
Real Estate Acquired Through Foreclosure	0
Residential, Home Equity and Consumer Portfolio Segments [Member]
Note 7 - Loan Information (Details) [Line Items]
Loans and Leases Receivable, Gross	$ 201,300,000	195,500,000
Home Equity Portfolio Segment [Member]
Note 7 - Loan Information (Details) [Line Items]
Loan to Value Ratio	80.00%
Loans and Leases Receivable, Gross	$ 47,017,000	46,403,000
Commercial Portfolio Segment [Member]
Note 7 - Loan Information (Details) [Line Items]
Loans and Leases Receivable, Gross	26,813,000	19,038,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		6,000
Not Formally Rated [Member] | Residential, Home Equity and Consumer Portfolio Segments [Member]
Note 7 - Loan Information (Details) [Line Items]
Loans and Leases Receivable, Gross	200,300,000	$ 194,900,000
Payments Temporarily Reduced [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Note 7 - Loan Information (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts		1
Financing Receivable, Modifications, Recorded Investment	$ 382,000	$ 439,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment		$ 6,000

Note 7 - Loan Information (De32

Note 7 - Loan Information (Details) - Loans - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 305,955	$ 284,847
Allowance for loan losses	(2,897)	(2,761)
Deferred loan origination costs, net	1,368	1,295
Net loans	304,426	283,381
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	137,518	132,553
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	47,454	46,982
Construction and Land Development Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	17,919	13,234
Municipal Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	12,502	10,061
Home Equity Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	47,017	46,403
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	26,813	19,038
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 16,732	$ 16,576

Note 7 - Loan Information (De33

Note 7 - Loan Information (Details) - Allowance for Loan Losses - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Sep. 30, 2015	Dec. 31, 2014
Allowance for loan losses:
Allowance, beginning balance	$ 2,761	$ 2,792	$ 2,792
Charge-offs	(18)	(100)	(101)
Recoveries	9	14	15
Provision (benefit)	145	55	55
Allowance, ending balance	2,897	2,761	2,761
Ending balance:
Allowance, individually evaluated for impairment					$ 6
Ending balance:
Allowance, collectively evaluated for impairment				$ 2,897	2,755
Total allowance for loan losses ending balance	2,761	2,792	2,761	2,897	2,761
Ending balance:
Loans, individually evaluated for impairment				2,697	1,472
Ending balance:
Loans, collectively evaluated for impairment				303,258	283,375
Total loans ending balance	305,955		284,847
Residential Portfolio Segment [Member]
Allowance for loan losses:
Allowance, beginning balance	1,085	1,189	1,189
Charge-offs		(98)	(93)
Recoveries		11	8
Provision (benefit)	(15)	(114)	(19)
Allowance, ending balance	1,070	988	1,085
Ending balance:
Allowance, collectively evaluated for impairment				1,070	1,085
Total allowance for loan losses ending balance	1,085	1,189	1,085	1,070	1,085
Ending balance:
Loans, individually evaluated for impairment					170
Ending balance:
Loans, collectively evaluated for impairment				137,518	132,383
Total loans ending balance	137,518		132,553
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses:
Allowance, beginning balance	738	748	748
Provision (benefit)	(66)	(16)	(10)
Allowance, ending balance	672	732	738
Ending balance:
Allowance, collectively evaluated for impairment				672	738
Total allowance for loan losses ending balance	738	748	738	672	738
Ending balance:
Loans, individually evaluated for impairment				2,315	860
Ending balance:
Loans, collectively evaluated for impairment				53,711	54,724
Total loans ending balance	56,026		55,584
Construction and Land Development Real Estate Portfolio Segment [Member]
Allowance for loan losses:
Allowance, beginning balance	249	211	211
Provision (benefit)	119	145	38
Allowance, ending balance	368	356	249
Ending balance:
Allowance, collectively evaluated for impairment				368	249
Total allowance for loan losses ending balance	249	211	249	368	249
Ending balance:
Loans, collectively evaluated for impairment				17,919	13,234
Total loans ending balance	17,919		13,234
Home Equity Portfolio Segment [Member]
Allowance for loan losses:
Allowance, beginning balance	324	303	303
Provision (benefit)	5	(26)	21
Allowance, ending balance	329	277	324
Ending balance:
Allowance, collectively evaluated for impairment				329	324
Total allowance for loan losses ending balance	324	303	324	329	324
Ending balance:
Loans, individually evaluated for impairment					3
Ending balance:
Loans, collectively evaluated for impairment				47,017	46,400
Total loans ending balance	47,017		46,403
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Allowance, beginning balance	227	239	239
Recoveries		3	3
Provision (benefit)	98	3	(15)
Allowance, ending balance	325	245	227
Ending balance:
Allowance, individually evaluated for impairment					6
Ending balance:
Allowance, collectively evaluated for impairment				325	221
Total allowance for loan losses ending balance	227	239	227	325	227
Ending balance:
Loans, individually evaluated for impairment				382	439
Ending balance:
Loans, collectively evaluated for impairment				30,361	20,058
Total loans ending balance	30,743		20,497
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Allowance, beginning balance	134	102	102
Charge-offs	(18)	(2)	(8)
Recoveries	9		4
Provision (benefit)	3	45	36
Allowance, ending balance	128	145	134
Ending balance:
Allowance, collectively evaluated for impairment				128	134
Total allowance for loan losses ending balance	134	102	134	128	134
Ending balance:
Loans, collectively evaluated for impairment				16,732	16,576
Total loans ending balance	16,732		16,576
Unallocated Financing Receivables [Member]
Allowance for loan losses:
Allowance, beginning balance	4
Provision (benefit)	1	18	4
Allowance, ending balance	5	18	4
Ending balance:
Allowance, collectively evaluated for impairment				5	4
Total allowance for loan losses ending balance	$ 4	$ 18	$ 4	$ 5	$ 4

Note 7 - Loan Information (De34

Note 7 - Loan Information (Details) - Loans by Risk Rating - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Grade:
Loans	$ 305,955	$ 284,847
Pass [Member]
Grade:
Loans	95,119	80,117
Special Mention [Member]
Grade:
Loans	3,417	6,213
Substandard [Member]
Grade:
Loans	7,115	3,625
Not Formally Rated [Member]
Grade:
Loans	200,304	194,892
Residential Portfolio Segment [Member]
Grade:
Loans	137,518	132,553
Residential Portfolio Segment [Member] | Substandard [Member]
Grade:
Loans	729	474
Residential Portfolio Segment [Member] | Not Formally Rated [Member]
Grade:
Loans	136,789	132,079
Commercial Real Estate Portfolio Segment [Member]
Grade:
Loans	56,026	55,584
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Grade:
Loans	50,159	50,208
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Grade:
Loans	3,197	3,866
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Grade:
Loans	2,670	1,510
Construction and Land Development Real Estate Portfolio Segment [Member]
Grade:
Loans	17,919	13,234
Construction and Land Development Real Estate Portfolio Segment [Member] | Pass [Member]
Grade:
Loans	17,919	11,529
Construction and Land Development Real Estate Portfolio Segment [Member] | Special Mention [Member]
Grade:
Loans		1,705
Home Equity Portfolio Segment [Member]
Grade:
Loans	47,017	46,403
Home Equity Portfolio Segment [Member] | Substandard [Member]
Grade:
Loans	234	166
Home Equity Portfolio Segment [Member] | Not Formally Rated [Member]
Grade:
Loans	46,783	46,237
Commercial Portfolio Segment [Member]
Grade:
Loans	30,743	20,497
Commercial Portfolio Segment [Member] | Pass [Member]
Grade:
Loans	27,041	18,380
Commercial Portfolio Segment [Member] | Special Mention [Member]
Grade:
Loans	220	642
Commercial Portfolio Segment [Member] | Substandard [Member]
Grade:
Loans	3,482	1,475
Consumer Portfolio Segment [Member]
Grade:
Loans	16,732	16,576
Consumer Portfolio Segment [Member] | Not Formally Rated [Member]
Grade:
Loans	$ 16,732	$ 16,576

Note 7 - Loan Information (De35

Note 7 - Loan Information (Details) - Age Analysis of Past Due Loans - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real estate:
Total past due	$ 4,567	$ 2,510
Total current	301,421	282,337
Total loans	305,955	284,847
Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate:
Total past due	708	599
Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate:
Total past due	1,534	19
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate:
Total past due	2,325	1,892
Residential Portfolio Segment [Member]
Real estate:
Total past due	1,760	663
Total current	135,791	131,890
Total loans	137,518	132,553
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate:
Total past due		147
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate:
Total past due	971
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate:
Total past due	789	516
Commercial Real Estate Portfolio Segment [Member]
Real estate:
Total past due	2,315	860
Total current	45,139	46,122
Total loans	47,454	46,982
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate:
Total past due	623
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate:
Total past due	540
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate:
Total past due	1,152	860
Construction and Land Development Real Estate Portfolio Segment [Member]
Real estate:
Total current	17,919	13,234
Total loans	17,919	13,234
Home Equity Portfolio Segment [Member]
Real estate:
Total past due		405
Total current	47,017	45,998
Total loans	47,017	46,403
Home Equity Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate:
Total past due		328
Home Equity Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate:
Total past due		77
Municipal Real Estate Portfolio Segment [Member]
Real estate:
Total current	8,572	8,602
Total loans	8,572	8,602
Commercial Portfolio Segment [Member]
Real estate:
Total past due	382	439
Total current	26,431	18,599
Total loans	26,813	19,038
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate:
Total past due	382	439
Municipal Non Real Estate Portfolio Segment [Member]
Real estate:
Total current	3,930	1,459
Total loans	3,930	1,459
Consumer Portfolio Segment [Member]
Real estate:
Total past due	110	143
Total current	16,622	16,433
Total loans	16,732	16,576
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Real estate:
Total past due	85	124
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Real estate:
Total past due	23	$ 19
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Real estate:
Total past due	$ 2

Note 7 - Loan Information (De36

Note 7 - Loan Information (Details) - Nonaccrual Loans - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real estate:
Loans	$ 4,014	$ 2,528
Residential Portfolio Segment [Member]
Real estate:
Loans	1,054	1,064
Commercial Real Estate Portfolio Segment [Member]
Real estate:
Loans	2,315	860
Home Equity Portfolio Segment [Member]
Real estate:
Loans	263	165
Commercial Portfolio Segment [Member]
Real estate:
Loans	$ 382	$ 439

Note 7 - Loan Information (De37

Note 7 - Loan Information (Details) - Impaired Loans - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Real Estate:
Recorded investment, with no allowance	$ 2,697	$ 1,033
Unpaid principal balance, with no allowance	2,697	1,033
Average recorded investment, with no allowance	2,641	1,205
Interest income recognized, with no allowance	58	61
With an allowance recorded:
Recorded investment, with allowance		439
Unpaid principal balance, with allowance		439
Related allowance		6
Average income recognized, with allowance		372
Real Estate:
Recorded investment	2,697	1,472
Unpaid principal balance	2,697	1,472
Related Allowance		6
Average recorded investment	2,641	1,577
Interest income recognized	58	61
Residential Portfolio Segment [Member]
Real Estate:
Recorded investment, with no allowance		170
Unpaid principal balance, with no allowance		170
Average recorded investment, with no allowance	10	172
Interest income recognized, with no allowance		5
Real Estate:
Recorded investment		170
Unpaid principal balance		170
Average recorded investment	10	172
Interest income recognized		5
Commercial Real Estate Portfolio Segment [Member]
Real Estate:
Recorded investment, with no allowance	2,315	860
Unpaid principal balance, with no allowance	2,315	860
Average recorded investment, with no allowance	2,221	896
Interest income recognized, with no allowance	58
Real Estate:
Recorded investment	2,315	860
Unpaid principal balance	2,315	860
Average recorded investment	2,221	896
Interest income recognized	58
Home Equity Portfolio Segment [Member]
Real Estate:
Recorded investment, with no allowance		3
Unpaid principal balance, with no allowance		3
Average recorded investment, with no allowance		4
Real Estate:
Recorded investment		3
Unpaid principal balance		3
Average recorded investment		4
Construction and Land Development Real Estate Portfolio Segment [Member]
Real Estate:
Average recorded investment, with no allowance		133
Interest income recognized, with no allowance		56
Real Estate:
Average recorded investment		133
Interest income recognized		56
Commercial Portfolio Segment [Member]
Real Estate:
Recorded investment, with no allowance	382
Unpaid principal balance, with no allowance	382
Average recorded investment, with no allowance	410
With an allowance recorded:
Recorded investment, with allowance		439
Unpaid principal balance, with allowance		439
Related allowance		6
Average income recognized, with allowance		372
Real Estate:
Recorded investment	382	439
Unpaid principal balance	382	439
Related Allowance		6
Average recorded investment	$ 410	$ 372

Note 8 - Securities Sold Unde38

Note 8 - Securities Sold Under Agreements to Repurchase (Details)	9 Months Ended
	Sep. 30, 2015
Disclosure Text Block [Abstract]
Repurchase Agreements, Maturity	3 months

Note 9 - Other Comprehensive 39

Note 9 - Other Comprehensive Income (Loss) (Details) - Reclassification of Other Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Three months ended:
Net change in unrealized holding gains/losses on available-for-sale securities		$ 672	$ (250)	$ 381	$ 1,977
Reclassification adjustment for realized gains in net income (1)	[1]	(26)		(93)	(96)
Other comprehensive income (loss) before income tax effect		646	$ (250)	288	1,881
Income tax (expense) benefit		(220)	85	(98)	(640)
Other comprehensive income (loss), net of tax		$ 426	$ (165)	$ 190	$ 1,241
[1]	Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income (loss) and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain (loss) on sales of available-for-sale securities, net of writedowns, the tax expense amount is included in income tax provision (benefit) and the after tax amount is included in net income.

Note 10 - Recent Developments (

Note 10 - Recent Developments (Details) - USD ($)	Nov. 17, 2015	Nov. 12, 2015	Nov. 10, 2015	Oct. 15, 2015	Sep. 30, 2015	Sep. 30, 2014	Nov. 05, 2015	Dec. 31, 2014
Note 10 - Recent Developments (Details) [Line Items]
Stock Issued During Period, Value, New Issues					$ 29,000	$ 29,000
Proceeds from Issuance of Common Stock					$ 29,000	$ 29,000
Series C Preferred Stock, Senior, Non-Cumulative Perpetual [Member]
Note 10 - Recent Developments (Details) [Line Items]
Preferred Stock, Shares Outstanding (in Shares)					9,000			9,000
Scenario, Forecast [Member]
Note 10 - Recent Developments (Details) [Line Items]
Proceeds from Issuance of Common Stock, Underwriter Options Exercised	$ 1,000,000
Subsequent Event [Member]
Note 10 - Recent Developments (Details) [Line Items]
Underwriter Option, Additional Shares Available for Purchase (in Shares)							60,000
Stock Issued During Period, Value, New Issues			$ 400,000
Proceeds from Issuance of Common Stock			$ 7,900,000
Stock Issued During Period, Underwriter Option Exercised (in Shares)		51,473
Subsequent Event [Member] | Series C Preferred Stock, Senior, Non-Cumulative Perpetual [Member]
Note 10 - Recent Developments (Details) [Line Items]
Preferred Stock, Shares Outstanding (in Shares)				9,000
Subordinated Note [Member] | Community Funding [Member] | Subsequent Event [Member]
Note 10 - Recent Developments (Details) [Line Items]
Debt Instrument, Face Amount				$ 7,500,000
Proceeds from Issuance of Unsecured Debt				$ 7,200,000
Debt Instrument, Interest Rate, Stated Percentage				6.75%
Subordinated Note [Member] | Community Funding [Member] | Subsequent Event [Member] | For the Period Beginning Immediately After the Closing Date Through February 11, 2016 [Member]
Note 10 - Recent Developments (Details) [Line Items]
Debt Instrument, Interest Rate, Amount to Be Refunded by Lender, Percentage				3.40%
Debt Instrument, Interest Rate, Effective Percentage				3.35%