Republic First Bancorp (FRBKQ) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 06, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	REPUBLIC FIRST BANCORP INC
Trading Symbol	FRBK
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		37,816,003
Amendment Flag	false
Entity Central Index Key	834,285
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 16,377	$ 14,822
Interest bearing deposits with banks	64,793	114,004
Cash and cash equivalents	81,170	128,826
Investment securities available for sale, at fair value	176,142	185,379
Investment securities held to maturity, at amortized cost (fair value of $119,269 and $68,253, respectively)	119,338	67,866
Restricted stock, at cost	1,179	1,157
Loans held for sale	3,464	1,676
Loans receivable (net of allowance for loan losses of $8,398 and $11,536, respectively)	814,477	770,404
Premises and equipment, net	40,961	35,030
Other real estate owned, net	13,162	3,715
Accrued interest receivable	3,559	3,226
Other assets	18,966	17,319
Total Assets	1,272,418	1,214,598
Deposits
Demand – non-interest bearing	241,550	224,245
Demand – interest bearing	327,342	283,768
Money market and savings	488,873	488,848
Time deposits	72,032	75,369
Total Deposits	1,129,797	1,072,230
Accrued interest payable	235	265
Other liabilities	6,471	6,816
Subordinated debt	22,476	22,476
Total Liabilities	1,158,979	1,101,787
Shareholders’ Equity
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized; no shares issued	0	0
Common stock, par value $0.01 per share: 50,000,000 shares authorized; shares issued 38,344,348	383	383
Additional paid in capital	152,513	152,234
Accumulated deficit	(34,205)	(35,266)
Treasury stock at cost (503,408 shares)	(3,725)	(3,725)
Stock held by deferred compensation plan (25,437 shares)	(183)	(183)
Accumulated other comprehensive loss	(1,344)	(632)
Total Shareholders’ Equity	113,439	112,811
Total Liabilities and Shareholders’ Equity	$ 1,272,418	$ 1,214,598

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Investment securities held to maturity, at fair value (in Dollars)	$ 119,269	$ 68,253
Loans receivable, allowance for loan losses (in Dollars)	$ 8,398	$ 11,536
Preferred stock par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	38,344,348	38,344,348
Treasury stock	503,408	503,408
Stock held by deferred compensation plan	25,437	25,437

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Interest and fees on taxable loans	$ 9,142	$ 8,226	$ 18,093	$ 16,467
Interest and fees on tax-exempt loans	128	84	254	166
Interest and dividends on taxable investment securities	1,405	1,188	2,887	2,429
Interest and dividends on tax-exempt investment securities	138	83	263	162
Interest on federal funds sold and other interest-earning assets	86	50	163	62
Total interest income	10,899	9,631	21,660	19,286
Interest expense:
Demand- interest bearing	341	225	631	416
Money market and savings	501	467	1,054	883
Time deposits	170	178	345	351
Other borrowings	278	277	554	553
Total interest expense	1,290	1,147	2,584	2,203
Net interest income	9,609	8,484	19,076	17,083
Provision for loan losses	0	300	0	300
Net interest income after provision for loan losses	9,609	8,184	19,076	16,783
Non-interest income:
Loan advisory and servicing fees	325	466	924	903
Gain on sales of SBA loans	1,222	1,046	1,800	2,200
Service fees on deposit accounts	398	287	761	580
Gain on sale of investment securities	9	458	9	458
Other-than-temporary impairment	0	21	(13)	21
Portion recognized in other comprehensive income (before taxes)	0	(28)	10	(28)
Net impairment loss on investment securities	0	(7)	(3)	(7)
Other non-interest income	68	39	108	85
Total non-interest income	2,022	2,289	3,599	4,219
Non-interest expenses:
Salaries and employee benefits	5,715	4,828	10,937	9,868
Occupancy	1,219	1,027	2,384	2,065
Depreciation and amortization	732	571	1,455	1,069
Legal	340	444	579	699
Other real estate owned	371	340	748	686
Advertising	91	214	242	362
Data processing	373	354	725	654
Insurance	190	122	370	279
Professional fees	350	428	675	830
Regulatory assessments and costs	301	196	593	533
Taxes, other	204	234	425	449
Other operating expenses	1,217	1,199	2,488	2,278
Total non-interest expense	11,103	9,957	21,621	19,772
Income before benefit for income taxes	528	516	1,054	1,230
Benefit for income taxes	(5)	(21)	(7)	(62)
Net income	$ 533	$ 537	$ 1,061	$ 1,292
Net income per share:
Basic (in Dollars per share)	$ 0.01	$ 0.02	$ 0.03	$ 0.04
Diluted (in Dollars per share)	$ 0.01	$ 0.02	$ 0.03	$ 0.04

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income	$ 533	$ 537	$ 1,061	$ 1,292
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on securities (pre-tax $(1,838), $1,610, $(1,208), and $3,666, respectively)	(1,178)	1,032	(774)	2,350
Reclassification adjustment for securities gains (pre-tax $(9), $(458),$(9), and $(458), respectively)	(6)	(293)	(6)	(293)
Reclassification adjustment for impairment charge (pre-tax $-, $7, $3, and $7, respectively)	0	4	2	4
Net unrealized holding losses on securities transferred from available-for-sale to held-to-maturity:
Amortization of net unrealized holding losses to income during the period (pre-tax $45, $-, $103, and $- respectively)	29	0	66	0
Total other comprehensive income (loss)	(1,155)	743	(712)	2,061
Total comprehensive income (loss)	$ (622)	$ 1,280	$ 349	$ 3,353

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Unrealized gain (loss) on securities, pre-tax	$ (1,838)	$ 1,610	$ (1,208)	$ 3,666
Reclassification adjustment for securities gains, pre-tax	(9)	(458)	(9)	(458)
Reclassification adjustment for impairment charge, pre-tax	0	$ 7	3	7
Amortization of net unrealized holding losses to income during the period, pre-tax	$ 45		$ 103	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income	$ 1,061	$ 1,292
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for loan losses	0	300
Write down of other real estate owned	298	552
Depreciation and amortization	1,455	1,069
Stock based compensation	279	198
Gain on sale and call of investment securities	(9)	(458)
Impairment charges on investment securities	3	7
Amortization of premiums on investment securities	313	293
Proceeds from sales of SBA loans originated for sale	18,383	23,370
SBA loans originated for sale	(18,371)	(16,730)
Gains on sales of SBA loans originated for sale	(1,800)	(2,200)
Increase in accrued interest receivable and other assets	(1,581)	(1,295)
Decrease in accrued interest payable and other liabilities	(375)	(205)
Net cash (used in) provided by operating activities	(344)	6,193
Cash flows from investing activities
Purchase of investment securities available for sale	(9,678)	(31,364)
Purchase of investment securities held to maturity	(56,741)
Proceeds from the sale of securities available for sale	4,081	5,700
Proceeds from the maturity or call of securities available for sale	13,459	14,293
Proceeds from the maturity or call of securities held to maturity	5,226	0
Net purchase of restricted stock	(22)	(155)
Net increase in loans	(54,286)	(40,251)
Net proceeds from sale of other real estate owned	468	63
Premises and equipment expenditures	(7,386)	(7,362)
Net cash used in investing activities	(104,879)	(59,076)
Cash flows from financing activities
Net proceeds from stock offering		44,973
Net increase in demand, money market and savings deposits	60,904	53,177
Net (decrease) increase in time deposits	(3,337)	1,973
Net cash provided by financing activities	57,567	100,123
Net (decrease) increase in cash and cash equivalents	(47,656)	47,240
Cash and cash equivalents, beginning of year	128,826	35,880
Cash and cash equivalents, end of period	81,170	83,120
Supplemental disclosures:
Interest paid	2,614	2,148
Income taxes paid	0	70
Non-cash transfers from loans to other real estate owned	$ 10,213	$ 193

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Deferred Compensation, Share-based Payments [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2013	$ 265	$ 107,078	$ (37,708)	$ (3,099)	$ (809)	$ (2,828)	$ 62,899
Net income			1,292				1,292
Other comprehensive income, net of tax						2,061	2,061
Proceeds from shares issued under common stock offering (11,842,106 shares) net of offering costs (pre-tax $27)	118	44,855					44,973
Stock based compensation		198					198
Balance at Jun. 30, 2014	383	152,131	(36,416)	(3,099)	(809)	(767)	111,423
Balance at Dec. 31, 2014	383	152,234	(35,266)	(3,725)	(183)	(632)	112,811
Net income			1,061				1,061
Other comprehensive income, net of tax						(712)	(712)
Stock based compensation		279					279
Balance at Jun. 30, 2015	$ 383	$ 152,513	$ (34,205)	$ (3,725)	$ (183)	$ (1,344)	$ 113,439

Consolidated Statements of Cha9

Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) (Parentheticals) - 6 months ended Jun. 30, 2014 - USD ($) shares in Thousands, $ in Thousands	Total
Shares issued	11,842,106
Offering costs, pre tax	$ 27

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1: Basis of Presentation Republic First Bancorp, Inc. (the “Company”) is a corporation established under the laws of the Commonwealth of Pennsylvania and a registered bank holding company. The Company offers a variety of retail and commercial banking services to individuals and businesses throughout the Greater Philadelphia and Southern New Jersey area through its wholly-owned subsidiary, Republic First Bank (“Republic” or the “Bank”) which does business under the name Republic Bank. The Company also has three unconsolidated subsidiaries, which are statutory trusts established by the Company in connection with its sponsorship of three separate issuances of trust preferred securities. The Company and Republic encounter vigorous competition for market share in the geographic areas they serve from bank holding companies, national, regional and other community banks, thrift institutions, credit unions and other non-bank financial organizations, such as mutual fund companies, insurance companies and brokerage companies. The Company and Republic are subject to regulations of certain state and federal agencies. These regulatory agencies periodically examine the Company and Republic for adherence to laws and regulations. As a consequence, the cost of doing business may be affected. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Republic. The Company follows accounting standards set by the Financial Accounting Standards Board (“FASB”). The FASB sets accounting principles generally accepted in the United States of America (“U.S. GAAP”) that are followed to ensure consistent reporting of financial condition, results of operations, and cash flows. The accompanying unaudited consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions to United States Securities and Exchange Commission (“SEC”) Form 10-Q and Article 10 of SEC Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for financial statements for a complete fiscal year. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six month periods ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. All significant inter-company accounts and transactions have been eliminated in the consolidated financial statements. The Company has evaluated subsequent events through the date of issuance of the financial data included herein.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2: Summary of Significant Accounting Policies Risks and Uncertainties The earnings of the Company depend primarily on the earnings of Republic. The earnings of Republic are dependent primarily upon the level of net interest income, which is the difference between interest earned on its interest-earning assets, such as loans and investments, and the interest paid on its interest-bearing liabilities, such as deposits and borrowings. Accordingly, the Company’s results of operations are subject to risks and uncertainties surrounding Republic’s exposure to changes in the interest rate environment. Prepayments on residential real estate mortgage and other fixed rate loans and mortgage-backed securities vary significantly and may cause significant fluctuations in interest margins. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates are made by management in determining the allowance for loan losses, carrying values of other real estate owned, assessment of other than temporary impairment (“OTTI”) of investment securities, fair value of financial instruments and the realization of deferred income tax assets. Consideration is given to a variety of factors in establishing these estimates. In estimating the allowance for loan losses, management considers current economic conditions, diversification of the loan portfolio, delinquency statistics, results of internal loan reviews, borrowers’ perceived financial and managerial strengths, the adequacy of underlying collateral, if collateral dependent, or present value of future cash flows, and other relevant factors. An estimate for the carrying value of other real estate owned is normally determined through appraisals which are updated on a regular basis or through agreements of sale that have been negotiated. Because the allowance for loan losses and carrying value of other real estate owned are dependent, to a great extent, on the general economy and other conditions that may be beyond the Company’s and Republic’s control, the estimates of the allowance for loan losses and the carrying values of other real estate owned could differ materially in the near term. In estimating OTTI of investment securities, securities are evaluated on at least a quarterly basis and more frequently when market conditions warrant such an evaluation, to determine whether a decline in their value is other than temporary. To determine whether a loss in value is other than temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline, the intent to hold the security and the likelihood of the Company not being required to sell the security prior to an anticipated recovery in the fair value. The term “other than temporary” is not intended to indicate that the decline is permanent, but indicates that the prospect for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of investment. Once a decline in value is determined to be other than temporary, the value of the security is reduced and a corresponding charge to earnings is recognized. In evaluating the Company’s ability to recover deferred tax assets, management considers all available positive and negative evidence. Management also makes assumptions on the amount of future taxable income, the reversal of temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require management to make judgments that are consistent with the plans and estimates used to manage the Company’s business. As a result of cumulative losses in recent years and the slow pace of recovery in the current economic environment, the Company has decided to currently exclude future taxable income from its analysis of the ability to recover deferred tax assets and has recorded a valuation allowance against its deferred tax assets. An increase or decrease in the valuation allowance would result in an adjustment to income tax expense in the period and could have a significant impact on the Company’s future earnings. Stock-Based Compensation The Company has a Stock Option and Restricted Stock Plan (“the 2005 Plan”), under which the Company may grant options, restricted stock or stock appreciation rights to the Company’s employees, directors, and certain consultants. The 2005 Plan became effective on November 14, 1995, and was amended and approved at the Company’s 2005 annual meeting of shareholders. Under the terms of the 2005 Plan, 1.5 million shares of common stock, plus an annual increase equal to the number of shares needed to restore the maximum number of shares that may be available for grant under the 2005 Plan to 1.5 million shares, are available for such grants. As of June 30, 2015, the only grants under the 2005 Plan have been option grants. The 2005 Plan provides that the exercise price of each option granted equals the market price of the Company’s stock on the date of the grant. Options granted pursuant to the 2005 Plan vest within one to four years and have a maximum term of 10 years. The 2005 Plan terminates pursuant to its term on November 14, 2015. On April 29, 2014 the Company’s shareholders approved the 2014 Republic First Bancorp, Inc. Equity Incentive Plan (the “2014 Plan”), under which the Company may grant options, restricted stock, stock units, or stock appreciation rights to the Company’s employees, directors, independent contractors, and consultants. Under the terms of the 2014 Plan, 2.6 million shares of common stock, plus an annual adjustment to be no less than 10% of the outstanding shares or such lower number as the Board of Directors may determine, are available for such grants. During the six months ended June 30, 2015, 15,000 options were granted under the 2005 Plan with a weighted average grant date fair value of $20,826. During the six months ended June 30, 2015, 490,200 options were granted under the 2014 Plan with a weighted average grant date fair value of $747,152. The Company utilizes the Black-Scholes option pricing model to calculate the estimated fair value of each stock option granted on the date of the grant. A summary of the assumptions used in the Black-Scholes option pricing model for 2015 and 2014 are as follows: 201 5 201 4 Dividend yield (1) 0.0 % 0.0 % Expected volatility (2) 53.78% to 56.00 % 55.79% to 57.99 % Risk-free interest rate (3) 1.49% to 2.00 % 1.51% to 2.13 % Expected life (4) 5.5 to 7.0 5.5 to 7.0 (1) A dividend yield of 0.0% is utilized because cash dividends have never been paid. (2) Expected volatility is based on Bloomberg’s five and one-half to seven year volatility calculation for “FRBK” stock. (3) The risk-free interest rate is based on the five to seven year Treasury bond. (4) The expected life reflects a 1 to 4 year vesting period, the maximum ten year term and review of historical behavior. During the six months ended June 30, 2015 and 2014, 323,062 options and 198,825 options vested, respectively. Expense is recognized ratably over the period required to vest. At June 30, 2015, the intrinsic value of the 1,991,105 options outstanding was $770,895, while the intrinsic value of the 772,454 exercisable (vested) options was $252,796. During the six months ended June 30, 2015, 8,494 options were forfeited with a weighted average grant date fair value of $6,870. Information regarding stock based compensation for the six months ended June 30, 2015 and 2014 is set forth below: 201 5 201 4 Stock based compensation expense recognized $ 279,000 $ 198,000 Number of unvested stock options 1,218,651 1,055,013 Fair value of unvested stock options $ 1,927,048 $ 1,545,988 Amount remaining to be recognized as expense $ 1,194,289 $ 910,590 The remaining amount of $1,194,289 will be recognized as expense through May 2019. Earnings per Share Earnings per share (“EPS”) consist of two separate components: basic EPS and diluted EPS. Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for each period presented. Diluted EPS is calculated by dividing net income by the weighted average number of common shares outstanding plus dilutive common stock equivalents (“CSEs”). CSEs consist of shares of common stock underlying dilutive stock options granted pursuant to the Company’s 2005 Plan and 2014 Plan and convertible securities related to the trust preferred securities issued in 2008. In the diluted EPS computation, the after tax interest expense on the trust preferred securities issuance is added back to the net income. For the three and six months ended June 30, 2015 and 2014, the effect of CSEs (shares of common stock underlying convertible securities related to the trust preferred securities only) and the related add back of after tax interest expense was considered anti-dilutive and therefore was not included in the EPS calculation. The calculation of EPS for the three and six months ended June 30, 2015 and 2014 is as follows (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income (basic and diluted) $ 533 $ 537 $ 1,061 $ 1,292 Weighted average shares outstanding 37,816 35,157 37,816 30,590 Net income per share – basic $ 0.01 $ 0.02 $ 0.03 $ 0.04 Weighted average shares outstanding (including dilutive CSEs) 38,049 35,609 38,048 30,932 Net income per share – diluted $ 0.01 $ 0.02 $ 0.03 $ 0.04 Recent Accounting Pronouncements ASU 2014-04 In January 2014, the FASB issued ASU 2014-04, “Receivables – Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure – a consensus of the FASB Emerging Issues Task Force.” The guidance clarifies when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. For public business entities, the ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. For entities other than public business entities, the ASU is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015. The adoption of ASU 2014-04 did not have a material effect on the Company’s consolidated financial statements. ASU 2014-0 9 In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 660): Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs – Contracts with Customers (Subtopic 340-40).” The purpose of this guidance is to clarify the principles for recognizing revenue. The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. For public companies, early adoption of the update will be effective for interim and annual periods beginning after December 15, 2016. For public companies that elect to defer the update, adoption will be effective for interim and annual periods beginning after December 15, 2017. The Company is currently assessing the impact that this guidance will have on its consolidated financial statements, but does not expect a material impact. ASU 2014-14

Note 3 - Legal Proceedings

Note 3 - Legal Proceedings	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block Supplement [Abstract]
Legal Matters and Contingencies [Text Block]	Note 3: Legal Proceedings The Company and Republic are from time to time parties (plaintiff or defendant) to lawsuits in the normal course of business. While any litigation involves an element of uncertainty, management is of the opinion that the liability of the Company and Republic, if any, resulting from such actions will not have a material effect on the financial condition or results of operations of the Company and Republic.

Note 4 - Segment Reporting

Note 4 - Segment Reporting	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 4: Segment Reporting

Note 5 - Investment Securities

Note 5 - Investment Securities	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 5 : Investment Securities A summary of the amortized cost and market value of securities available for sale and securities held to maturity at June 30, 2015 and December 31, 2014 is as follows: At June 30 , 201 5 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 92,324 $ 768 $ (918 ) $ 92,174 Mortgage-backed securities 11,476 457 (74 ) 11,859 Municipal securities 20,345 249 (237 ) 20,357 Corporate bonds 31,336 359 (333 ) 31,362 Asset-backed securities 18,005 259 - 18,264 Trust preferred securities 3,626 - (1,620 ) 2,006 Other securities 115 5 - 120 Total securities available for sale $ 177,227 $ 2,097 $ (3,182 ) $ 176,142 U.S. Government agencies $ 7,299 $ - $ (46 ) $ 7,253 Collateralized mortgage obligations 103,851 445 (444 ) 103,852 Mortgage-backed securities 8,168 1 (25 ) 8,144 Other securities 20 - - 20 Total securities held to maturity $ 119,338 $ 446 $ (515 ) $ 119,269 At December 31, 2014 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 98,626 $ 692 $ (96 ) $ 99,222 Mortgage-backed securities 13,271 564 (33 ) 13,802 Municipal securities 15,784 363 (40 ) 16,107 Corporate bonds 33,840 621 (34 ) 34,427 Asset-backed securities 18,353 152 - 18,505 Trust preferred securities 5,261 - (2,068 ) 3,193 Other securities 115 8 - 123 Total securities available for sale $ 185,250 $ 2,400 $ (2,271 ) $ 185,379 U.S. Government agencies $ 1 $ - $ - $ 1 Collateralized mortgage obligations 67,845 531 (144 ) 68,232 Other securities 20 - - 20 Total securities held to maturity $ 67,866 $ 531 $ (144 ) $ 68,253 The maturity distribution of the amortized cost and estimated market value of investment securities by contractual maturity at June 30, 2015 is as follows: Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in 1 year or less $ 21,008 $ 21,325 $ - $ - After 1 year to 5 years 60,626 60,142 67,529 67,460 After 5 years to 10 years 81,196 80,585 51,809 51,809 After 10 years 14,397 14,090 - - Total $ 177,227 $ 176,142 $ 119,338 $ 119,269 Expected maturities will differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties. The Company’s investment securities portfolio consists primarily of debt securities issued by U.S. government agencies, U.S. government-sponsored agencies, state governments, local municipalities and certain corporate entities. There were no private label mortgage-backed securities (“MBS”) or collateralized mortgage obligations (“CMO”) held in the investment securities portfolio as of June 30, 2015 and December 31, 2014. There were also no MBS or CMO securities that were rated “Alt-A” or “sub-prime” as of those dates. The fair value of investment securities is impacted by interest rates, credit spreads, market volatility and liquidity conditions. Net unrealized gains and losses in the available for sale portfolio are included in shareholders’ equity as a component of accumulated other comprehensive income or loss, net of tax. Securities classified as held to maturity are carried at amortized cost. An unrealized loss exists when the current fair value of an individual security is less than the amortized cost basis. The Company regularly evaluates investment securities that are in an unrealized loss position in order to determine if the decline in fair value is other than temporary. Factors considered in the evaluation include the current economic climate, the length of time and the extent to which the fair value has been below cost, the current interest rate environment and the rating of each security. For those securities in an unrealized loss position an assessment is made to determine whether other-than-temporary impairment (OTTI) exists. An OTTI loss must be recognized for a debt security in an unrealized loss position if the Company intends to sell the security or it is more likely than not that it will be required to sell the security prior to recovery of the amortized cost basis. The amount of OTTI loss recognized is equal to the difference between the fair value and the amortized cost basis of the security. Accounting standards require the evaluation of the expected cash flows to be received to determine if a credit loss has occurred. In the event of a credit loss, that amount must be recognized against income in the current period. The portion of the unrealized loss related to other factors, such as liquidity conditions in the market or the current interest rate environment, is recorded in accumulated other comprehensive income (loss). Impairment charges (credit losses) on trust preferred securities for the six month period ended June 30, 2015 amounted to $3,000. There were no impairment charges on trust preferred securities during the three month period ended June 30, 2015. The impairment charges on trust preferred securities for the three and six months ended June 30, 2014 amounted to $7,000. The following table presents a roll-forward of the balance of credit-related impairment losses on securities held at June 30, 2015 and 2014 for which a portion of OTTI was recognized in other comprehensive income: (dollars in thousands) 201 5 201 4 Beginning Balance, January 1 st $ 3,966 $ 3,959 Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized 3 7 Reductions for securities paid off during the period - - Reductions for securities sold during the period (2,569 ) Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the Company - - Ending Balance, June 30 th $ 1,400 $ 3,966 The following tables show the fair value and gross unrealized losses associated with the investment portfolio, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position in the available for sale and held to maturity section: At June 30 , 201 5 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 39,623 $ 918 $ - $ - $ 39,623 $ 918 Mortgage-backed securities 6,113 43 1,022 31 7,135 74 Municipal securities 8,175 193 1,381 44 9,556 237 Corporate Bonds 9,545 333 - - 9,545 333 Trust preferred securities - - 2,006 1,620 2,006 1,620 Total Available for Sale $ 63,456 $ 1,487 $ 4,409 $ 1,695 $ 67,865 $ 3,182 At June 30 , 201 5 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies $ 4,236 $ 46 $ - $ - $ 4,236 $ 46 Collateralized mortgage obligations 28,989 444 - - 28,989 444 Mortgage-backed securities 2,897 25 - - 2,897 25 Total Held to Maturity $ 36,122 $ 515 $ - $ - $ 36,122 $ 515 At December 31 , 201 4 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 17,331 $ 96 $ - $ - $ 17,331 $ 96 Mortgage-backed securities 3,997 2 1,069 31 5,066 33 Municipal Securities 1,298 10 1,395 30 2,693 40 Corporate Bonds 4,880 34 - - 4,880 34 Trust preferred securities - - 3,193 2,068 3,193 2,068 Total Available for Sale $ 27,506 $ 142 $ 5,657 $ 2,129 $ 33,163 $ 2,271 At December 31 , 201 4 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 19,766 $ 92 $ 9,232 $ 52 $ 28,998 $ 144 Total Held to Maturity $ 19,766 $ 92 $ 9,232 $ 52 $ 28,998 $ 144 Unrealized losses on securities in the investment portfolio amounted to $3.7 million with a total fair value of $104.0 million as of June 30, 2015 compared to unrealized losses of $2.4 million with a total fair value of $62.2 million as of December 31, 2014. The Company believes the unrealized losses presented in the tables above are temporary in nature and primarily related to market interest rates or limited trading activity in particular type of security rather than the underlying credit quality of the issuers. The Company does not believe that these losses are other than temporary and does not currently intend to sell or believe it will be required to sell securities in an unrealized loss position prior to maturity or recovery of the amortized cost bases. The Company held fifteen collateralized mortgage obligations and five mortgage-backed securities that were in an unrealized loss position at June 30, 2015. Principal and interest payments of the underlying collateral for each of these securities are backed by U.S. Government sponsored agencies and carry minimal credit risk. Management found no evidence of OTTI on any of these securities and believes the unrealized losses are due to fluctuations in fair values resulting from changes in market interest rates and are considered temporary as of June 30, 2015. All municipal securities held in the investment portfolio are reviewed on least a quarterly basis for impairment. Each bond carries an investment grade rating by either Moody’s or Standard & Poor’s. In addition the Company periodically conducts its own independent review on each issuer to ensure the financial stability of the municipal entity. The largest geographic concentration was in Pennsylvania and New Jersey and consisted of either general obligation or revenue bonds backed by the taxing power of the issuing municipality. At June 30, 2015, the investment portfolio included fourteen municipal securities that were in an unrealized loss position. Management believes the unrealized losses were the result of movements in long-term interest rates and are not reflective of any credit deterioration. The unrealized losses on the trust preferred securities are primarily the result of the secondary market for such securities becoming inactive and are also considered temporary at this time. The following table provides additional detail on the trust preferred securities held in the portfolio as of June 30, 2015. The following table provides additional detail on the trust preferred securities held in the portfolio as of June 30, 2015. (dollars in thousands) Class / Tranche Amortized Cost Fair Value Unrealized Losses Lowest Credit Rating Assigned Number of Banks Currently Performing Deferrals / Defaults as % of Current Balance Cumulative OTTI Life to Date TPREF Funding II Class B Notes $ 732 $ 401 $ (331 ) C 20 36 0.39 % $ 267 TPREF Funding III Class B2 Notes 1,518 799 (719 ) C 15 36 0.33 483 Trapeza CDO I, LLC Class C1 Notes 556 342 (214 ) C 7 50 0.35 470 ALESCO Preferred Funding V Class C1 Notes 820 464 (356 ) C 40 15 0.35 180 Total $ 3,626 $ 2,006 $ (1,620 ) 82 32 % $ 1,400 The Company sold one trust preferred security and one corporate bond and realized gross gains on the sale of securities of $155,000 during the three and six months ended June 30, 2015. The Company sold two other trust preferred securities and realized gross losses on the sale of securities of $146,000 during the three and six months ended June 30, 2015. The related sale proceeds amounted to $4.1 million. The tax provision applicable to these net gains in 2015 amounted to approximately $3,000. The Company realized gross gains on the sale of securities of $458,000 during the three and six months ended June 30, 2014. The related sale proceeds amounted to $5.7 million. The tax provision applicable to these gross gains in 2014 amounted to approximately $165,000. In July 2014, thirteen CMOs with a fair value of $70.1 million that were previously classified as available-for-sale were transferred to the held-to-maturity category. These securities were transferred at fair value. Unrealized losses of $1.2 million associated with the transferred securities will remain in other comprehensive income and be amortized as an adjustment to yield over the remaining life of those securities. At June 30, 2015, there is a remaining $1.0 million unrealized loss to be amortized.

Note 6 - Loans Receivable and A

Note 6 - Loans Receivable and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 6 : Loans Receivable and Allowance for Loan Losses The following table sets forth the Company’s gross loans by major categories as of June 30, 2015, and December 31, 2014: (dollars in thousands) June 30, 2015 December 31, 2014 Commercial real estate $ 371,051 $ 379,259 Construction and land development 34,947 29,861 Commercial and industrial 166,912 145,113 Owner occupied real estate 202,467 188,025 Consumer and other 47,475 39,713 Residential mortgage 401 408 Total loans receivable 823,253 782,379 Deferred costs (fees) (378 ) (439 ) Allowance for loan losses (8,398 ) (11,536 ) Net loans receivable $ 814,477 $ 770,404 A loan is considered impaired, when based on current information and events, it is probable that the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming loans, but also include internally classified accruing loans. The following table summarizes information with regard to impaired loans by loan portfolio class as of June 30, 2015 and December 31, 2014: June 30, 201 5 December 31, 201 4 (dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial real estate $ 14,214 $ 14,262 $ - $ 11,964 $ 11,969 $ - Construction and land development 320 417 - 61 158 - Commercial and industrial 4,062 5,322 - 3,764 7,275 - Owner occupied real estate 1,084 1,288 - 524 528 - Consumer and other 818 1,091 - 429 708 - Total $ 20,498 $ 22,380 $ - $ 16,742 $ 20,638 $ - With an allowance recorded: Commercial real estate $ 766 $ 837 $ 194 $ 13,118 $ 13,245 $ 3,858 Construction and land development 94 3,740 60 316 3,741 217 Commercial and industrial 2,372 5,039 1,149 1,457 2,057 211 Owner occupied real estate 3,907 3,909 994 4,011 4,162 844 Consumer and other - - - - - - Total $ 7,139 $ 13,525 $ 2,397 $ 18,902 $ 23,205 $ 5,130 Total: Commercial real estate $ 14,980 $ 15,099 $ 194 $ 25,082 $ 25,214 $ 3,858 Construction and land development 414 4,157 60 377 3,899 217 Commercial and industrial 6,434 10,361 1,149 5,221 9,332 211 Owner occupied real estate 4,991 5,197 994 4,535 4,690 844 Consumer and other 818 1,091 - 429 708 - Total $ 27,637 $ 35,905 $ 2,397 $ 35,644 $ 43,843 $ 5,130 The following table presents additional information regarding the Company’s impaired loans for the three months ended June 30, 2015 and June 30, 2014: Three Months Ended June 30, 201 5 201 4 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 13,432 $ (21 ) $ 6,696 $ 106 Construction and land development 248 1 661 - Commercial and industrial 3,992 27 2,859 - Owner occupied real estate 957 3 802 (3 ) Consumer and other 713 3 480 - Total $ 19,342 $ 13 $ 11,498 $ 103 With an allowance recorded: Commercial real estate $ 4,864 $ 3 $ 13,325 $ (130 ) Construction and land development 116 - 659 - Commercial and industrial 2,084 - 3,914 (1 ) Owner occupied real estate 4,009 30 3,315 35 Consumer and other - - 35 - Total $ 11,073 $ 33 $ 21,248 $ (96 ) Total: Commercial real estate $ 18,296 $ (18 ) $ 20,021 $ (24 ) Construction and land development 364 1 1,320 - Commercial and industrial 6,076 27 6,773 (1 ) Owner occupied real estate 4,966 33 4,117 32 Consumer and other 713 3 515 - Total $ 30,415 $ 46 $ 32,746 $ 7 If these loans were performing under their original contractual rate, interest income on such loans would have increased approximately $218,000 and $399,000 for the three months ended June 30, 2015 and 2014, respectively. The following table presents additional information regarding the Company’s impaired loans for the six months ended June 30, 2015 and June 30, 2014: Six Months Ended June 30, 201 5 201 4 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 12,648 $ 141 $ 6,734 $ 212 Construction and land development 178 1 730 - Commercial and industrial 3,923 48 2,699 1 Owner occupied real estate 829 4 740 2 Consumer and other 607 4 514 1 Total $ 18,185 $ 198 $ 11,417 $ 216 With an allowance recorded: Commercial real estate $ 8,965 $ 3 $ 13,249 $ 8 Construction and land development 137 - 650 - Commercial and industrial 1,796 - 4,111 - Owner occupied real estate 4,109 63 3,113 70 Consumer and other - - 68 - Total $ 15,007 $ 66 $ 21,191 $ 78 Total: Commercial real estate $ 21,613 $ 144 $ 19,983 $ 220 Construction and land development 315 1 1,380 - Commercial and industrial 5,719 48 6,810 1 Owner occupied real estate 4,938 67 3,853 72 Consumer and other 607 4 582 1 Total $ 33,192 $ 264 $ 32,608 $ 294 If these loans were performing under their original contractual rate, interest income on such loans would have increased approximately $463,000 and $542,000 for the six months ended June 30, 2015 and 2014, respectively. The following tables provide the activity in and ending balances of the allowance for loan losses by loan portfolio class at and for the three and six months ended June 30, 2015 and 2014: (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total Three months ended June 30, 201 5 Allowance for loan losses: Beginning balance: $ 6,263 $ 255 $ 1,924 $ 1,578 $ 230 $ 2 $ 692 $ 10,944 Charge-offs (2,524 ) - (24 ) - - - - (2,548 ) Recoveries - - 1 - 1 - - 2 Provisions (credits) (1,032 ) 56 922 209 20 - (175 ) - Ending balance $ 2,707 $ 311 $ 2,823 $ 1,787 $ 251 $ 2 $ 517 $ 8,398 Three months ended June 30, 201 4 Allowance for loan losses: Beginning balance: $ 6,274 $ 861 $ 2,640 $ 1,128 $ 197 $ 13 $ 837 $ 11,950 Charge-offs (188 ) - - - - - - (188 ) Recoveries - - 1 - - - - 1 Provisions (credits) 690 163 150 1 23 - (727 ) 300 Ending balance $ 6,776 $ 1,024 $ 2,791 $ 1,129 $ 220 $ 13 $ 110 $ 12,063 (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total Six months ended June 30, 201 5 Allowance for loan losses: Beginning balance: $ 6,828 $ 917 $ 1,579 $ 1,638 $ 234 $ 2 $ 338 $ 11,536 Charge-offs (2,623 ) (222 ) (325 ) (55 ) - - - (3,225 ) Recoveries 4 5 46 - 32 - - 87 Provisions (credits) (1,502 ) (389 ) 1,523 204 (15 ) - 179 - Ending balance $ 2,707 $ 311 $ 2,823 $ 1,787 $ 251 $ 2 $ 517 $ 8,398 Six months ended June 30, 201 4 Allowance for loan losses: Beginning Balance: $ 6,454 $ 1,948 $ 2,309 $ 985 $ 225 $ 14 $ 328 $ 12,263 Charge-offs (188 ) (20 ) (283 ) - (10 ) - - (501 ) Recoveries - - 1 - - - - 1 Provisions (credits) 510 (904 ) 764 144 5 (1 ) (218 ) 300 Ending balance $ 6,776 $ 1,024 $ 2,791 $ 1,129 $ 220 $ 13 $ 110 $ 12,063 The following tables provide a summary of the allowance for loan losses and balance of loans receivable by loan class and by impairment method as of June 30, 2015 and December 31, 2014: (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total June 30, 201 5 Allowance for loan losses: Individually evaluated for impairment $ 194 $ 60 $ 1,149 $ 994 $ - $ - $ - $ 2,397 Collectively evaluated for impairment 2,513 251 1,674 793 251 2 517 6,001 Total allowance for loan losses $ 2,707 $ 311 $ 2,823 $ 1,787 $ 251 $ 2 $ 517 $ 8,398 Loans receivable: Loans evaluated individually $ 14,980 $ 414 $ 6,434 $ 4,991 $ 818 $ - $ - $ 27,637 Loans evaluated collectively 356,071 34,533 160,478 197,476 46,657 401 - 795,616 Total loans receivable $ 371,051 $ 34,947 $ 166,912 $ 202,467 $ 47,475 $ 401 $ - $ 823,253 (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total December 31, 201 4 Allowance for loan losses: Individually evaluated for impairment $ 3,858 $ 217 $ 211 $ 844 $ - $ - $ - $ 5,130 Collectively evaluated for impairment 2,970 700 1,368 794 234 2 338 6,406 Total allowance for loan losses $ 6,828 $ 917 $ 1,579 $ 1,638 $ 234 $ 2 $ 338 $ 11,536 Loans receivable: Loans evaluated individually $ 25,082 $ 377 $ 5,221 $ 4,535 $ 429 $ - $ - $ 35,644 Loans evaluated collectively 354,177 29,484 139,892 183,490 39,284 408 - 746,735 Total loans receivable $ 379,259 $ 29,861 $ 145,113 $ 188,025 $ 39,713 $ 408 $ - $ 782,379 The performance and credit quality of the loan portfolio is also monitored by analyzing the age of the loans receivable as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the past due status as of June 30, 2015 and December 31, 2014: (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Loans Receivable > 90 Days and Accruing At June 30 , 201 5 Commercial real estate $ - $ 7,238 $ 8,430 $ 15,668 $ 355,383 $ 371,051 $ - Construction and land development - - 670 670 34,277 34,947 256 Commercial and industrial - 831 4,049 4,880 162,032 166,912 - Owner occupied real estate - 2,313 2,666 4,979 197,488 202,467 - Consumer and other - 131 418 549 46,926 47,475 - Residential mortgage - - - - 401 401 - Total $ - $ 10,513 $ 16,233 $ 26,746 $ 796,507 $ 823,253 $ 256 (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Loans Receivable > 90 Days and Accruing At December 31, 201 4 Commercial real estate $ 713 $ 11,034 $ 13,979 $ 25,726 $ 353,533 $ 379,259 $ - Construction and land development - - 377 377 29,484 29,861 - Commercial and industrial 193 2,186 4,349 6,728 138,385 145,113 - Owner occupied real estate 626 812 2,306 3,744 184,281 188,025 - Consumer and other 149 30 429 608 39,105 39,713 - Residential mortgage - - - - 408 408 - Total $ 1,681 $ 14,062 $ 21,440 $ 37,183 $ 745,196 $ 782,379 $ - The following table presents the classes of the loan portfolio summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2015 and December 31, 2014: (dollars in thousands) Pass Special Mention Substandard Doubtful Total At June 30, 2 015 : Commercial real estate $ 347,990 $ 8,081 $ 14,980 $ - $ 371,051 Construction and land development 34,533 - 414 - 34,947 Commercial and industrial 160,245 233 5,005 1,429 166,912 Owner occupied real estate 197,001 475 4,991 - 202,467 Consumer and other 46,582 75 818 - 47,475 Residential mortgage 401 - - - 401 Total $ 786,752 $ 8,864 $ 26,208 $ 1,429 $ 823,253 (dollars in thousands) Pass Special Mention Substandard Doubtful Total At December 31, 2014 : Commercial real estate $ 345,444 $ 8,199 $ 25,616 $ - $ 379,259 Construction and land development 29,484 - 377 - 29,861 Commercial and industrial 139,062 702 3,920 1,429 145,113 Owner occupied real estate 181,940 1,550 4,535 - 188,025 Consumer and other 38,951 75 687 - 39,713 Residential mortgage 408 - - - 408 Total $ 735,289 $ 10,526 $ 35,135 $ 1,429 $ 782,379 The following table shows non-accrual loans by class as of June 30, 2015 and December 31, 2014: (dollars in thousands) June 30, 201 5 December 31, 201 4 Commercial real estate $ 8,430 $ 13,979 Construction and land development 414 377 Commercial and industrial 4,049 4,349 Owner occupied real estate 2,666 2,306 Consumer and other 418 429 Residential mortgage - - Total $ 15,977 $ 21,440 Troubled Debt Restructurings A modification to the contractual terms of a loan which results in a concession to a borrower that is experiencing financial difficulty is classified as a troubled debt restructuring (“TDR”). The concessions made in a TDR are those that would not otherwise be considered for a borrower or collateral with similar risk characteristics. A TDR is typically the result of efforts to minimize potential losses that may be incurred during loan workouts, foreclosure, or repossession of collateral at a time when collateral values are declining. Concessions include a reduction in interest rate below current market rates, a material extension of time to the loan term or amortization period, partial forgiveness of the outstanding principal balance, acceptance of interest only payments for a period of time, or a combination of any of these conditions. The following table summarizes the balance of outstanding TDRs June 30, 2015 and December 31, 2014: (dollars in thousands) Number of Loans Accrual Status Non-Accrual Status Total TDRs June 30, 201 5 Commercial real estate 1 $ 6,027 $ - $ 6,027 Construction and land development - - - - Commercial and industrial 2 - 1,819 1,819 Owner occupied real estate 1 1,838 - 1,838 Consumer and other - - - - Residential mortgage - - - - Total 4 $ 7,865 $ 1,819 $ 9,684 December 31, 201 4 Commercial real estate 1 $ 6,069 $ - $ 6,069 Construction and land development - - - - Commercial and industrial 1 - 1,673 1,673 Owner occupied real estate 1 1,852 - 1,852 Consumer and other - - - - Residential mortgage - - - - Total 3 $ 7,921 $ 1,673 $ 9,594 All TDRs are considered impaired and are therefore individually evaluated for impairment in the calculation of the allowance for loan losses. Some TDRs may not ultimately result in the full collection of principal and interest as restructured and could lead to potential incremental losses. These potential incremental losses would be factored into our estimate of the allowance for loan losses. The level of any subsequent defaults will likely be affected by future economic conditions. The Company modified one commercial and industrial loan during the three and six months ended June 30, 2015. In accordance with the modified terms of the commercial and industrial loan, the Company modified the amortization timeframe and reduced the effective interest rate when compared to the interest rate of the original loan. The company also extended the maturity date of the loan. The loan is unsecured and the Company has elected to carry the loan as a non-accrual loan until a satisfactory performance history is established at which time the loan may be returned to performing status. The borrower has remained current since the modification. The pre-modification balance was $1.2 million and the post modification balance was $1.2 million. There were no loan modifications made during the three and six months ended June 30, 2014 that met the criteria of a TDR. After a loan is determined to be a TDR, we continue to track its performance under the most recent restructured terms. One loan classified as a TDR subsequently paid off during the three months ended March 31, 2014. There were no TDRs that subsequently defaulted during the three and six months ended June 30, 2015 and 2014. Partial writedowns were recorded during the year ended December 31, 2014 and the three months ended March 31, 2015, related to a TDR that subsequently defaulted in 2013. A portion of the balance was transferred to other real estate owned during the three months ended March 31, 2015.

Note 7 - Fair Value of Financia

Note 7 - Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 7 : Fair Value of Financial Instruments Management uses its best judgment in estimating the fair value of the Company’s financial instruments, however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective period-ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. The Company follows the guidance issued under ASC 820, Fair Value Measurement , ASC 820 establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 820 are as follows: Level 1 Level 2 Level 3 An asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2015 and December 31, 2014 were as follows: (dollars in thousands) Total (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs June 30, 201 5 Collateralized mortgage obligations $ 92,174 $ - $ 92,174 $ - Mortgage-backed securities 11,859 - 11,859 - Municipal securities 20,357 - 20,357 - Corporate bonds 31,362 - 28,678 2,684 Asset-backed securities 18,264 - 18,264 - Trust Preferred Securities 2,006 - - 2,006 Other securities 120 - 120 - Securities Available for Sale $ 176,142 $ - $ 171,452 $ 4,690 December 31, 201 4 Collateralized mortgage obligations $ 99,222 $ - $ 99,222 $ - Mortgage-backed securities 13,802 - 13,802 - Municipal securities 16,107 - 16,107 - Corporate bonds 34,427 - 31,422 3,005 Asset-backed securities 18,505 - 18,505 - Trust Preferred Securities 3,193 - - 3,193 Other securities 123 - 123 - Securities Available for Sale $ 185,379 $ - $ 179,181 $ 6,198 The following table presents a reconciliation of the securities available for sale measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, 201 5 Three Months Ended June 30, 201 4 Level 3 Investments Only (dollars in thousands) Trust Preferred Securities Corporate Bonds Trust Preferred Securities Corporate Bonds Balance, April 1st $ 3,042 $ 3,006 $ 2,807 $ 3,006 Unrealized gains (losses) 578 (322 ) 177 - Paydowns - - - - Proceeds from sales (1,538 ) Realized losses (76 ) Impairment charges on Level 3 - - (7 ) - Balance, June 30th $ 2,006 $ 2,684 $ 2,977 $ 3,006 Six Months Ended June 30, 201 5 Six Months Ended June 30, 201 4 Level 3 Investments Only (dollars in thousands) Trust Preferred Securities Corporate Bonds Trust Preferred Securities Corporate Bonds Balance, January 1st $ 3,193 $ 3,005 $ 2,850 $ 3,006 Unrealized gains (losses) 449 (321 ) 134 - Paydowns (19 ) - - - Proceeds from sales (1,538 ) Realized losses (76 ) Impairment charges on Level 3 (3 ) - (7 ) - Balance, June 30th $ 2,006 $ 2,684 $ 2,977 $ 3,006 For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2015 and December 31, 2014 were as follows: (dollars in thousands) Total (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs June 30, 2015: Impaired loans $ 5,896 $ - $ - $ 5,896 Other real estate owned 11,312 - - 11,312 SBA servicing assets 4,319 - - 4,319 December 31, 2014: Impaired loans $ 15,838 $ - $ - $ 15,838 Other real estate owned 2,135 - - 2,135 SBA servicing assets 4,099 - - 4,099 The table below presents additional quantitative information about level 3 assets measured at fair value on a nonrecurring basis (dollars in thousands): Quantitative Information about Level 3 Fair Value Measurements Asset Description Fair Value Valuation Technique Unobservable Input Range Weighted Average June 30 , 2015 : Impaired loans $ 5,896 Fair Value of Collateral (1) Appraised Value (2) 13% - 86% (32%) (4) Other real estate owned $ 11,312 Fair Value of Collateral (1) Appraised Value (2) Sales Price 7% - 44% (11%) (4) SBA Servicing Assets $ 4,319 Fair Value Individual Loan Valuation (3) (3) December 31, 2014 : Impaired loans $ 15,838 Fair Value of Collateral (1) Appraised Value (2) 0% - 89% (30%) (4) Other real estate owned $ 2,135 Fair Value of Collateral (1) Appraised Value (2) Sales Price 7% - 39% (22%) (4) SBA Servicing Assets $ 4,099 Fair Value Individual Loan Valuation (3) (3) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which include Level 3 inputs that are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. (3) There is a lack of transactional data in this market place for the non-guaranteed portion of SBA loans. (4) The range and weighted average of qualitative factors such as economic conditions and estimated liquidation expenses are presented as a percent of the appraised value. The significant unobservable inputs for impaired loans and other real estate owned are the appraised value or an agreed upon sales price. These values are adjusted for estimated costs to sell which are incremental direct costs to transact a sale such as broker commissions, legal fees, closing costs and title transfer fees. The costs must be considered essential to the sale and would not have been incurred if the decision to sell had not been made. The costs to sell are based on costs associated with the Company’s actual sales of other real estate owned which are assessed annually. The following table presents an analysis of the activity in the SBA servicing assets for the three and six months ended June 30, 2015 and 2014: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 201 5 201 4 201 5 201 4 Beginning balance $ 4,267 $ 3,805 $ 4,099 $ 3,477 Additions 310 271 445 575 Fair value adjustments (258 ) (9 ) (225 ) 15 Ending balance $ 4,319 $ 4,067 $ 4,319 $ 4,067 Fair Value Assumptions The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions were used to estimate the fair values of the Company’s financial instruments at June 30, 2015 and December 31, 2014. Cash and Cash Equivalents (Carried at Cost) The carrying amounts reported in the balance sheet for cash and cash equivalents approximate those assets’ fair values. Investment Securities The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. For certain securities, which 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 (Level 3). In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support on certain Level 3 investments. Internal cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) were used to support fair values of certain Level 3 investments. The types of instruments valued based on matrix pricing in active markets include all of the Company’s U.S. government and agency securities, corporate bonds, asset backed securities, and municipal obligations. Such instruments are generally classified within Level 2 of the fair value hierarchy. As required by ASC 820-10, the Company does not adjust the matrix pricing for such instruments. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, and may be adjusted to reflect illiquidity and/or non-transferability, with such adjustment 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 transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalizations and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows. The Level 3 investment securities classified as available for sale are comprised of various issues of trust preferred securities and a single corporate bond. The trust preferred securities are pools of similar securities that are grouped into an asset structure commonly referred to as collateralized debt obligations (“CDOs”) which consist of the debt instruments of various banks, diversified by the number of participants in the security as well as geographically. The secondary market for these securities has become inactive, and therefore these securities are classified as Level 3 securities. The fair value analysis does not reflect or represent the actual terms or prices at which any party could purchase the securities. There is currently a limited secondary market for the securities and there can be no assurance that any secondary market for the securities will expand. An independent, third party pricing service is used to estimate the current fair market value of each CDO held in the investment securities portfolio. The calculations used to determine fair value are based on the attributes of the trust preferred securities, the financial condition of the issuers of the trust preferred securities, and market based assumptions. The INTEX CDO Deal Model Library was utilized to obtain information regarding the attributes of each security and its specific collateral as of June 30, 2015 and December 31, 2014. Financial information on the issuers was also obtained from Bloomberg, the FDIC, and SNL Financial. Both published and unpublished industry sources were utilized in estimating fair value. Such information includes loan prepayment speed assumptions, discount rates, default rates, and loss severity percentages. Due to the current state of the global capital and financial markets, the fair market valuation is subject to greater uncertainty than would otherwise exist. The fair market valuation for each CDO was determined based on discounted cash flow analyses. The cash flows are primarily dependent on the estimated speeds at which the trust preferred securities are expected to prepay, the estimated rates at which the trust preferred securities are expected to defer payments, the estimated rates at which the trust preferred securities are expected to default, and the severity of the losses on securities that do default. Increases (decreases) in actual or expected issuer defaults tend to decrease (increase) the fair value of the Company’s senior and mezzanine tranches of CDOs. The values of the Company’s mezzanine tranches of CDOs are also affected by expected future interest rates. However, due to the structure of each security, timing of cash flows, and secondary effects on the financial performance of the underlying issuers, the effects of changes in future interest rates on the fair value of the Company’s holdings are not quantifiably estimable. Also included in Level 3 investment securities classified as available for sale is a single-issuer corporate bond since the bond is not actively traded. Impairment would depend on the repayment ability of the underlying issuer, which is assessed through a detailed quarterly review of the issuer’s financial statements. The issuer is a “well capitalized” financial institution as defined by federal banking regulations and has demonstrated the ability to raise additional capital, when necessary, through the public capital markets. The fair value of this corporate bond is estimated by obtaining a price of a comparable floating rate debt instrument through Bloomberg. Loans Held For Sale (Carried at Lower of Cost or Fair Value) The fair values of loans held for sale is determined, when possible, using quoted secondary-market prices. If no such quoted prices exist, the fair value of a loan is determined using quoted prices for a similar loan or loans, adjusted for the specific attributes of that loan. The Company did not write down any loans held for sale during the six months ended June 30, 2015 and the year ended December 31, 2014. Loans Receivable (Carried at Cost) The fair values of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Due to the significant judgment involved in evaluating credit quality, loans are classified within Level 3 of the fair value hierarchy. Impaired Loans (Carried at Lower of Cost or Fair Value) Impaired loans are those that the Company has measured impairment based on the fair value of the loan’s collateral. Fair value is generally determined based upon independent third party appraisals of the properties, or discounted cash flows based upon the expected proceeds. These assets are included as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements. The fair value consists of the loan balances less any valuation allowance. The valuation allowance amount is calculated as the difference between the recorded investment in a loan and the present value of expected future cash flows or it is calculated based on discounted collateral values if the loans are collateral dependent. Other Real Estate Owned (Carried at Lower of Cost or Fair Value) These assets are carried at the lower of cost or fair value. At June 30, 2015 and December 31, 2014 these assets are carried at current fair value. SBA Servicing Asset (Carried at Fair Value) The SBA servicing asset is initially recorded when loans are sold and the servicing rights are retained and recorded on the balance sheet. Updated fair values are obtained on a quarterly basis and adjustments are presented as loan advisory and servicing fees on the consolidated statement of income. The valuation begins with the projection of future cash flows for each asset based on their unique characteristics, our market-based assumptions for prepayment speeds and estimated losses and recoveries. The present value of the future cash flows are then calculated utilizing our market-based discount ratio assumptions. In all cases, we model expected payments for every loan for each quarterly period in order to create the most detailed cash flow stream possible. The Company uses assumptions and estimates in determining the impairment of the SBA servicing asset. These assumptions include prepayment speeds and discount rates commensurate with the risks involved and comparable to assumptions used by participants to value and bid serving rights available for sale in the market. At June 30, 2015 and December 31, 2014, the sensitivity of the current fair value of the SBA loan servicing rights to immediate 10% and 20% adverse changes in key assumptions are included in the accompanying table. (dollars in thousands) June 30, 201 5 December 31, 201 4 SBA Servicing Asset Fair Value of SBA Servicing Asset $ 4,319 $ 4,099 Composition of SBA Loans Serviced for Others Fixed-rate SBA loans 0 % 0 % Adjustable-rate SBA loans 100 % 100 % Total 100 % 100 % Weighted Average Remaining Term (in years) 21.1 21.2 Prepayment Speed 7.86 % 7.45 % Effect on fair value of a 10% increase $ (132 ) $ (116 ) Effect on fair value of a 20% increase (257 ) (226 ) Weighted Average Discount Rate 11.59 % 12.48 % Effect on fair value of a 10% increase $ (211 ) $ (195 ) Effect on fair value of a 20% increase (408 ) (378 ) The sensitivity calculations above are hypothetical and should not be considered to be predictive of future performance. As indicated, changes in value based on adverse changes in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in value may not be linear. Also in this table, the effect of an adverse variation in a particular assumption on the value of the SBA servicing rights is calculated without changing any other assumption. While in reality, changes in one factor may magnify or counteract the effect of the change. Restricted Stock (Carried at Cost) The carrying amount of restricted stock approximates fair value, and considers the limited marketability of such securities. Accrued Interest Receivable and Payable (Carried at Cost) The carrying amount of accrued interest receivable and accrued interest payable approximates fair value. Deposit Liabilities (Carried at Cost) The fair values disclosed for demand deposits (e.g., interest and noninterest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. Subordinated Debt (Carried at Cost) Fair values of subordinated debt are estimated using discounted cash flow analysis, based on market rates currently offered on such debt with similar credit risk characteristics, terms and remaining maturity. Due to the significant judgment involved in developing the spreads used to value the subordinated debt, it is classified within level 3 of the fair value hierarchy. Off-Balance Sheet Financial Instruments (Disclosed at notional amounts) Fair values for the Company’s off-balance sheet financial instruments (lending commitments and letters of credit) are based on fees currently charged in the market to enter into similar agreements, taking into account, the remaining terms of the agreements and the counterparties’ credit standing. The estimated fair values of the Company’s financial instruments were as follows at June 30, 2015 and December 31, 2014: Fair Value Measurements at June 30, 201 5 (dollars in thousands) Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Sheet Data Financial assets: Cash and cash equivalents $ 81,170 $ 81,170 $ 81,170 $ - $ - Investment securities available for sale 176,142 176,142 - 171,452 4,690 Investment securities held to maturity 119,338 119,269 - 119,269 - Restricted stock 1,179 1,179 - 1,179 - Loans held for sale 3,464 3,768 - - 3,768 Loans receivable, net 814,477 805,426 - - 805,426 SBA servicing assets 4,319 4,319 - - 4,319 Accrued interest receivable 3,559 3,559 - 3,559 - Financial liabilities: Deposits Demand, savings and money market $ 1,057,765 $ 1,057,765 $ - $ 1,057,765 $ - Time 72,032 72,151 - 72,151 - Subordinated debt 22,476 18,044 - - 18,044 Accrued interest payable 235 235 - 235 - Off-Balance Sheet Data Commitments to extend credit - - Standby letters-of-credit - - Fair Value Measurements at December 31, 201 4 (dollars in thousands) Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Sheet Data Financial assets: Cash and cash equivalents $ 128,826 $ 128,826 $ 128,826 $ - $ - Investment securities available for sale 185,379 185,379 - 179,181 6,198 Investment securities held to maturity 67,866 68,253 - 68,253 - Restricted stock 1,157 1,157 - 1,157 - Loans held for sale 1,676 1,699 - - 1,699 Loans receivable, net 770,404 760,163 - - 760,163 SBA servicing assets 4,099 4,099 - - 4,099 Accrued interest receivable 3,226 3,226 - 3,226 - Financial liabilities: Deposits Demand, savings and money market $ 996,861 $ 996,861 $ - $ 996,861 $ - Time 75,369 75,592 - 75,592 - Subordinated debt 22,476 18,221 - - 18,221 Accrued interest payable 265 265 - 265 - Off-Balance Sheet Data Commitments to extend credit - - Standby letters-of-credit - -

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Risks and Uncertainties and Certain Significant Estimates [Policy Text Block]	Risks and Uncertainties The earnings of the Company depend primarily on the earnings of Republic. The earnings of Republic are dependent primarily upon the level of net interest income, which is the difference between interest earned on its interest-earning assets, such as loans and investments, and the interest paid on its interest-bearing liabilities, such as deposits and borrowings. Accordingly, the Company’s results of operations are subject to risks and uncertainties surrounding Republic’s exposure to changes in the interest rate environment. Prepayments on residential real estate mortgage and other fixed rate loans and mortgage-backed securities vary significantly and may cause significant fluctuations in interest margins.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make significant estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates are made by management in determining the allowance for loan losses, carrying values of other real estate owned, assessment of other than temporary impairment (“OTTI”) of investment securities, fair value of financial instruments and the realization of deferred income tax assets. Consideration is given to a variety of factors in establishing these estimates. In estimating the allowance for loan losses, management considers current economic conditions, diversification of the loan portfolio, delinquency statistics, results of internal loan reviews, borrowers’ perceived financial and managerial strengths, the adequacy of underlying collateral, if collateral dependent, or present value of future cash flows, and other relevant factors. An estimate for the carrying value of other real estate owned is normally determined through appraisals which are updated on a regular basis or through agreements of sale that have been negotiated. Because the allowance for loan losses and carrying value of other real estate owned are dependent, to a great extent, on the general economy and other conditions that may be beyond the Company’s and Republic’s control, the estimates of the allowance for loan losses and the carrying values of other real estate owned could differ materially in the near term. In estimating OTTI of investment securities, securities are evaluated on at least a quarterly basis and more frequently when market conditions warrant such an evaluation, to determine whether a decline in their value is other than temporary. To determine whether a loss in value is other than temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline, the intent to hold the security and the likelihood of the Company not being required to sell the security prior to an anticipated recovery in the fair value. The term “other than temporary” is not intended to indicate that the decline is permanent, but indicates that the prospect for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of investment. Once a decline in value is determined to be other than temporary, the value of the security is reduced and a corresponding charge to earnings is recognized. In evaluating the Company’s ability to recover deferred tax assets, management considers all available positive and negative evidence. Management also makes assumptions on the amount of future taxable income, the reversal of temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require management to make judgments that are consistent with the plans and estimates used to manage the Company’s business. As a result of cumulative losses in recent years and the slow pace of recovery in the current economic environment, the Company has decided to currently exclude future taxable income from its analysis of the ability to recover deferred tax assets and has recorded a valuation allowance against its deferred tax assets. An increase or decrease in the valuation allowance would result in an adjustment to income tax expense in the period and could have a significant impact on the Company’s future earnings.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company has a Stock Option and Restricted Stock Plan (“the 2005 Plan”), under which the Company may grant options, restricted stock or stock appreciation rights to the Company’s employees, directors, and certain consultants. The 2005 Plan became effective on November 14, 1995, and was amended and approved at the Company’s 2005 annual meeting of shareholders. Under the terms of the 2005 Plan, 1.5 million shares of common stock, plus an annual increase equal to the number of shares needed to restore the maximum number of shares that may be available for grant under the 2005 Plan to 1.5 million shares, are available for such grants. As of June 30, 2015, the only grants under the 2005 Plan have been option grants. The 2005 Plan provides that the exercise price of each option granted equals the market price of the Company’s stock on the date of the grant. Options granted pursuant to the 2005 Plan vest within one to four years and have a maximum term of 10 years. The 2005 Plan terminates pursuant to its term on November 14, 2015. On April 29, 2014 the Company’s shareholders approved the 2014 Republic First Bancorp, Inc. Equity Incentive Plan (the “2014 Plan”), under which the Company may grant options, restricted stock, stock units, or stock appreciation rights to the Company’s employees, directors, independent contractors, and consultants. Under the terms of the 2014 Plan, 2.6 million shares of common stock, plus an annual adjustment to be no less than 10% of the outstanding shares or such lower number as the Board of Directors may determine, are available for such grants. During the six months ended June 30, 2015, 15,000 options were granted under the 2005 Plan with a weighted average grant date fair value of $20,826. During the six months ended June 30, 2015, 490,200 options were granted under the 2014 Plan with a weighted average grant date fair value of $747,152. The Company utilizes the Black-Scholes option pricing model to calculate the estimated fair value of each stock option granted on the date of the grant. A summary of the assumptions used in the Black-Scholes option pricing model for 2015 and 2014 are as follows: 201 5 201 4 Dividend yield (1) 0.0 % 0.0 % Expected volatility (2) 53.78% to 56.00 % 55.79% to 57.99 % Risk-free interest rate (3) 1.49% to 2.00 % 1.51% to 2.13 % Expected life (4) 5.5 to 7.0 5.5 to 7.0 (1) A dividend yield of 0.0% is utilized because cash dividends have never been paid. (2) Expected volatility is based on Bloomberg’s five and one-half to seven year volatility calculation for “FRBK” stock. (3) The risk-free interest rate is based on the five to seven year Treasury bond. (4) The expected life reflects a 1 to 4 year vesting period, the maximum ten year term and review of historical behavior. During the six months ended June 30, 2015 and 2014, 323,062 options and 198,825 options vested, respectively. Expense is recognized ratably over the period required to vest. At June 30, 2015, the intrinsic value of the 1,991,105 options outstanding was $770,895, while the intrinsic value of the 772,454 exercisable (vested) options was $252,796. During the six months ended June 30, 2015, 8,494 options were forfeited with a weighted average grant date fair value of $6,870. Information regarding stock based compensation for the six months ended June 30, 2015 and 2014 is set forth below: 201 5 201 4 Stock based compensation expense recognized $ 279,000 $ 198,000 Number of unvested stock options 1,218,651 1,055,013 Fair value of unvested stock options $ 1,927,048 $ 1,545,988 Amount remaining to be recognized as expense $ 1,194,289 $ 910,590 The remaining amount of $1,194,289 will be recognized as expense through May 2019.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Earnings per share (“EPS”) consist of two separate components: basic EPS and diluted EPS. Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for each period presented. Diluted EPS is calculated by dividing net income by the weighted average number of common shares outstanding plus dilutive common stock equivalents (“CSEs”). CSEs consist of shares of common stock underlying dilutive stock options granted pursuant to the Company’s 2005 Plan and 2014 Plan and convertible securities related to the trust preferred securities issued in 2008. In the diluted EPS computation, the after tax interest expense on the trust preferred securities issuance is added back to the net income. For the three and six months ended June 30, 2015 and 2014, the effect of CSEs (shares of common stock underlying convertible securities related to the trust preferred securities only) and the related add back of after tax interest expense was considered anti-dilutive and therefore was not included in the EPS calculation. The calculation of EPS for the three and six months ended June 30, 2015 and 2014 is as follows (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income (basic and diluted) $ 533 $ 537 $ 1,061 $ 1,292 Weighted average shares outstanding 37,816 35,157 37,816 30,590 Net income per share – basic $ 0.01 $ 0.02 $ 0.03 $ 0.04 Weighted average shares outstanding (including dilutive CSEs) 38,049 35,609 38,048 30,932 Net income per share – diluted $ 0.01 $ 0.02 $ 0.03 $ 0.04
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements ASU 2014-04 In January 2014, the FASB issued ASU 2014-04, “Receivables – Troubled Debt Restructuring by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure – a consensus of the FASB Emerging Issues Task Force.” The guidance clarifies when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. For public business entities, the ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. For entities other than public business entities, the ASU is effective for annual periods beginning after December 15, 2014, and interim periods within annual periods beginning after December 15, 2015. The adoption of ASU 2014-04 did not have a material effect on the Company’s consolidated financial statements. ASU 2014-0 9 In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 660): Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs – Contracts with Customers (Subtopic 340-40).” The purpose of this guidance is to clarify the principles for recognizing revenue. The guidance in this update supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. For public companies, early adoption of the update will be effective for interim and annual periods beginning after December 15, 2016. For public companies that elect to defer the update, adoption will be effective for interim and annual periods beginning after December 15, 2017. The Company is currently assessing the impact that this guidance will have on its consolidated financial statements, but does not expect a material impact. ASU 2014-14

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	201 5 201 4 Dividend yield (1) 0.0 % 0.0 % Expected volatility (2) 53.78% to 56.00 % 55.79% to 57.99 % Risk-free interest rate (3) 1.49% to 2.00 % 1.51% to 2.13 % Expected life (4) 5.5 to 7.0 5.5 to 7.0
Schedule of Share-based Compensation, Activity [Table Text Block]	201 5 201 4 Stock based compensation expense recognized $ 279,000 $ 198,000 Number of unvested stock options 1,218,651 1,055,013 Fair value of unvested stock options $ 1,927,048 $ 1,545,988 Amount remaining to be recognized as expense $ 1,194,289 $ 910,590
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income (basic and diluted) $ 533 $ 537 $ 1,061 $ 1,292 Weighted average shares outstanding 37,816 35,157 37,816 30,590 Net income per share – basic $ 0.01 $ 0.02 $ 0.03 $ 0.04 Weighted average shares outstanding (including dilutive CSEs) 38,049 35,609 38,048 30,932 Net income per share – diluted $ 0.01 $ 0.02 $ 0.03 $ 0.04

Note 5 - Investment Securities

Note 5 - Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Unrealized Gain (Loss) on Investments [Table Text Block]	At June 30 , 201 5 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 92,324 $ 768 $ (918 ) $ 92,174 Mortgage-backed securities 11,476 457 (74 ) 11,859 Municipal securities 20,345 249 (237 ) 20,357 Corporate bonds 31,336 359 (333 ) 31,362 Asset-backed securities 18,005 259 - 18,264 Trust preferred securities 3,626 - (1,620 ) 2,006 Other securities 115 5 - 120 Total securities available for sale $ 177,227 $ 2,097 $ (3,182 ) $ 176,142 U.S. Government agencies $ 7,299 $ - $ (46 ) $ 7,253 Collateralized mortgage obligations 103,851 445 (444 ) 103,852 Mortgage-backed securities 8,168 1 (25 ) 8,144 Other securities 20 - - 20 Total securities held to maturity $ 119,338 $ 446 $ (515 ) $ 119,269 At December 31, 2014 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 98,626 $ 692 $ (96 ) $ 99,222 Mortgage-backed securities 13,271 564 (33 ) 13,802 Municipal securities 15,784 363 (40 ) 16,107 Corporate bonds 33,840 621 (34 ) 34,427 Asset-backed securities 18,353 152 - 18,505 Trust preferred securities 5,261 - (2,068 ) 3,193 Other securities 115 8 - 123 Total securities available for sale $ 185,250 $ 2,400 $ (2,271 ) $ 185,379 U.S. Government agencies $ 1 $ - $ - $ 1 Collateralized mortgage obligations 67,845 531 (144 ) 68,232 Other securities 20 - - 20 Total securities held to maturity $ 67,866 $ 531 $ (144 ) $ 68,253
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in 1 year or less $ 21,008 $ 21,325 $ - $ - After 1 year to 5 years 60,626 60,142 67,529 67,460 After 5 years to 10 years 81,196 80,585 51,809 51,809 After 10 years 14,397 14,090 - - Total $ 177,227 $ 176,142 $ 119,338 $ 119,269
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]	(dollars in thousands) 201 5 201 4 Beginning Balance, January 1 st $ 3,966 $ 3,959 Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized 3 7 Reductions for securities paid off during the period - - Reductions for securities sold during the period (2,569 ) Reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the Company - - Ending Balance, June 30 th $ 1,400 $ 3,966
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	At June 30 , 201 5 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 39,623 $ 918 $ - $ - $ 39,623 $ 918 Mortgage-backed securities 6,113 43 1,022 31 7,135 74 Municipal securities 8,175 193 1,381 44 9,556 237 Corporate Bonds 9,545 333 - - 9,545 333 Trust preferred securities - - 2,006 1,620 2,006 1,620 Total Available for Sale $ 63,456 $ 1,487 $ 4,409 $ 1,695 $ 67,865 $ 3,182 At June 30 , 201 5 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses U.S. Government agencies $ 4,236 $ 46 $ - $ - $ 4,236 $ 46 Collateralized mortgage obligations 28,989 444 - - 28,989 444 Mortgage-backed securities 2,897 25 - - 2,897 25 Total Held to Maturity $ 36,122 $ 515 $ - $ - $ 36,122 $ 515 At December 31 , 201 4 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 17,331 $ 96 $ - $ - $ 17,331 $ 96 Mortgage-backed securities 3,997 2 1,069 31 5,066 33 Municipal Securities 1,298 10 1,395 30 2,693 40 Corporate Bonds 4,880 34 - - 4,880 34 Trust preferred securities - - 3,193 2,068 3,193 2,068 Total Available for Sale $ 27,506 $ 142 $ 5,657 $ 2,129 $ 33,163 $ 2,271 At December 31 , 201 4 Less than 12 months 12 months or more Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses Collateralized mortgage obligations $ 19,766 $ 92 $ 9,232 $ 52 $ 28,998 $ 144 Total Held to Maturity $ 19,766 $ 92 $ 9,232 $ 52 $ 28,998 $ 144
Schedule of Trust Preferred Securities [Table Text Block]	(dollars in thousands) Class / Tranche Amortized Cost Fair Value Unrealized Losses Lowest Credit Rating Assigned Number of Banks Currently Performing Deferrals / Defaults as % of Current Balance Cumulative OTTI Life to Date TPREF Funding II Class B Notes $ 732 $ 401 $ (331 ) C 20 36 0.39 % $ 267 TPREF Funding III Class B2 Notes 1,518 799 (719 ) C 15 36 0.33 483 Trapeza CDO I, LLC Class C1 Notes 556 342 (214 ) C 7 50 0.35 470 ALESCO Preferred Funding V Class C1 Notes 820 464 (356 ) C 40 15 0.35 180 Total $ 3,626 $ 2,006 $ (1,620 ) 82 32 % $ 1,400

Note 6 - Loans Receivable and20

Note 6 - Loans Receivable and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(dollars in thousands) June 30, 2015 December 31, 2014 Commercial real estate $ 371,051 $ 379,259 Construction and land development 34,947 29,861 Commercial and industrial 166,912 145,113 Owner occupied real estate 202,467 188,025 Consumer and other 47,475 39,713 Residential mortgage 401 408 Total loans receivable 823,253 782,379 Deferred costs (fees) (378 ) (439 ) Allowance for loan losses (8,398 ) (11,536 ) Net loans receivable $ 814,477 $ 770,404
Impaired Financing Receivables [Table Text Block]	June 30, 201 5 December 31, 201 4 (dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial real estate $ 14,214 $ 14,262 $ - $ 11,964 $ 11,969 $ - Construction and land development 320 417 - 61 158 - Commercial and industrial 4,062 5,322 - 3,764 7,275 - Owner occupied real estate 1,084 1,288 - 524 528 - Consumer and other 818 1,091 - 429 708 - Total $ 20,498 $ 22,380 $ - $ 16,742 $ 20,638 $ - With an allowance recorded: Commercial real estate $ 766 $ 837 $ 194 $ 13,118 $ 13,245 $ 3,858 Construction and land development 94 3,740 60 316 3,741 217 Commercial and industrial 2,372 5,039 1,149 1,457 2,057 211 Owner occupied real estate 3,907 3,909 994 4,011 4,162 844 Consumer and other - - - - - - Total $ 7,139 $ 13,525 $ 2,397 $ 18,902 $ 23,205 $ 5,130 Total: Commercial real estate $ 14,980 $ 15,099 $ 194 $ 25,082 $ 25,214 $ 3,858 Construction and land development 414 4,157 60 377 3,899 217 Commercial and industrial 6,434 10,361 1,149 5,221 9,332 211 Owner occupied real estate 4,991 5,197 994 4,535 4,690 844 Consumer and other 818 1,091 - 429 708 - Total $ 27,637 $ 35,905 $ 2,397 $ 35,644 $ 43,843 $ 5,130 Three Months Ended June 30, 201 5 201 4 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 13,432 $ (21 ) $ 6,696 $ 106 Construction and land development 248 1 661 - Commercial and industrial 3,992 27 2,859 - Owner occupied real estate 957 3 802 (3 ) Consumer and other 713 3 480 - Total $ 19,342 $ 13 $ 11,498 $ 103 With an allowance recorded: Commercial real estate $ 4,864 $ 3 $ 13,325 $ (130 ) Construction and land development 116 - 659 - Commercial and industrial 2,084 - 3,914 (1 ) Owner occupied real estate 4,009 30 3,315 35 Consumer and other - - 35 - Total $ 11,073 $ 33 $ 21,248 $ (96 ) Total: Commercial real estate $ 18,296 $ (18 ) $ 20,021 $ (24 ) Construction and land development 364 1 1,320 - Commercial and industrial 6,076 27 6,773 (1 ) Owner occupied real estate 4,966 33 4,117 32 Consumer and other 713 3 515 - Total $ 30,415 $ 46 $ 32,746 $ 7 Six Months Ended June 30, 201 5 201 4 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 12,648 $ 141 $ 6,734 $ 212 Construction and land development 178 1 730 - Commercial and industrial 3,923 48 2,699 1 Owner occupied real estate 829 4 740 2 Consumer and other 607 4 514 1 Total $ 18,185 $ 198 $ 11,417 $ 216 With an allowance recorded: Commercial real estate $ 8,965 $ 3 $ 13,249 $ 8 Construction and land development 137 - 650 - Commercial and industrial 1,796 - 4,111 - Owner occupied real estate 4,109 63 3,113 70 Consumer and other - - 68 - Total $ 15,007 $ 66 $ 21,191 $ 78 Total: Commercial real estate $ 21,613 $ 144 $ 19,983 $ 220 Construction and land development 315 1 1,380 - Commercial and industrial 5,719 48 6,810 1 Owner occupied real estate 4,938 67 3,853 72 Consumer and other 607 4 582 1 Total $ 33,192 $ 264 $ 32,608 $ 294
Allowance for Credit Losses on Financing Receivables [Table Text Block]	(dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total Three months ended June 30, 201 5 Allowance for loan losses: Beginning balance: $ 6,263 $ 255 $ 1,924 $ 1,578 $ 230 $ 2 $ 692 $ 10,944 Charge-offs (2,524 ) - (24 ) - - - - (2,548 ) Recoveries - - 1 - 1 - - 2 Provisions (credits) (1,032 ) 56 922 209 20 - (175 ) - Ending balance $ 2,707 $ 311 $ 2,823 $ 1,787 $ 251 $ 2 $ 517 $ 8,398 Three months ended June 30, 201 4 Allowance for loan losses: Beginning balance: $ 6,274 $ 861 $ 2,640 $ 1,128 $ 197 $ 13 $ 837 $ 11,950 Charge-offs (188 ) - - - - - - (188 ) Recoveries - - 1 - - - - 1 Provisions (credits) 690 163 150 1 23 - (727 ) 300 Ending balance $ 6,776 $ 1,024 $ 2,791 $ 1,129 $ 220 $ 13 $ 110 $ 12,063 (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total Six months ended June 30, 201 5 Allowance for loan losses: Beginning balance: $ 6,828 $ 917 $ 1,579 $ 1,638 $ 234 $ 2 $ 338 $ 11,536 Charge-offs (2,623 ) (222 ) (325 ) (55 ) - - - (3,225 ) Recoveries 4 5 46 - 32 - - 87 Provisions (credits) (1,502 ) (389 ) 1,523 204 (15 ) - 179 - Ending balance $ 2,707 $ 311 $ 2,823 $ 1,787 $ 251 $ 2 $ 517 $ 8,398 Six months ended June 30, 201 4 Allowance for loan losses: Beginning Balance: $ 6,454 $ 1,948 $ 2,309 $ 985 $ 225 $ 14 $ 328 $ 12,263 Charge-offs (188 ) (20 ) (283 ) - (10 ) - - (501 ) Recoveries - - 1 - - - - 1 Provisions (credits) 510 (904 ) 764 144 5 (1 ) (218 ) 300 Ending balance $ 6,776 $ 1,024 $ 2,791 $ 1,129 $ 220 $ 13 $ 110 $ 12,063 (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total June 30, 201 5 Allowance for loan losses: Individually evaluated for impairment $ 194 $ 60 $ 1,149 $ 994 $ - $ - $ - $ 2,397 Collectively evaluated for impairment 2,513 251 1,674 793 251 2 517 6,001 Total allowance for loan losses $ 2,707 $ 311 $ 2,823 $ 1,787 $ 251 $ 2 $ 517 $ 8,398 Loans receivable: Loans evaluated individually $ 14,980 $ 414 $ 6,434 $ 4,991 $ 818 $ - $ - $ 27,637 Loans evaluated collectively 356,071 34,533 160,478 197,476 46,657 401 - 795,616 Total loans receivable $ 371,051 $ 34,947 $ 166,912 $ 202,467 $ 47,475 $ 401 $ - $ 823,253 (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total December 31, 201 4 Allowance for loan losses: Individually evaluated for impairment $ 3,858 $ 217 $ 211 $ 844 $ - $ - $ - $ 5,130 Collectively evaluated for impairment 2,970 700 1,368 794 234 2 338 6,406 Total allowance for loan losses $ 6,828 $ 917 $ 1,579 $ 1,638 $ 234 $ 2 $ 338 $ 11,536 Loans receivable: Loans evaluated individually $ 25,082 $ 377 $ 5,221 $ 4,535 $ 429 $ - $ - $ 35,644 Loans evaluated collectively 354,177 29,484 139,892 183,490 39,284 408 - 746,735 Total loans receivable $ 379,259 $ 29,861 $ 145,113 $ 188,025 $ 39,713 $ 408 $ - $ 782,379
Past Due Financing Receivables [Table Text Block]	(dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Loans Receivable > 90 Days and Accruing At June 30 , 201 5 Commercial real estate $ - $ 7,238 $ 8,430 $ 15,668 $ 355,383 $ 371,051 $ - Construction and land development - - 670 670 34,277 34,947 256 Commercial and industrial - 831 4,049 4,880 162,032 166,912 - Owner occupied real estate - 2,313 2,666 4,979 197,488 202,467 - Consumer and other - 131 418 549 46,926 47,475 - Residential mortgage - - - - 401 401 - Total $ - $ 10,513 $ 16,233 $ 26,746 $ 796,507 $ 823,253 $ 256 (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Loans Receivable > 90 Days and Accruing At December 31, 201 4 Commercial real estate $ 713 $ 11,034 $ 13,979 $ 25,726 $ 353,533 $ 379,259 $ - Construction and land development - - 377 377 29,484 29,861 - Commercial and industrial 193 2,186 4,349 6,728 138,385 145,113 - Owner occupied real estate 626 812 2,306 3,744 184,281 188,025 - Consumer and other 149 30 429 608 39,105 39,713 - Residential mortgage - - - - 408 408 - Total $ 1,681 $ 14,062 $ 21,440 $ 37,183 $ 745,196 $ 782,379 $ -
Financing Receivable Credit Quality Indicators [Table Text Block]	(dollars in thousands) Pass Special Mention Substandard Doubtful Total At June 30, 2 015 : Commercial real estate $ 347,990 $ 8,081 $ 14,980 $ - $ 371,051 Construction and land development 34,533 - 414 - 34,947 Commercial and industrial 160,245 233 5,005 1,429 166,912 Owner occupied real estate 197,001 475 4,991 - 202,467 Consumer and other 46,582 75 818 - 47,475 Residential mortgage 401 - - - 401 Total $ 786,752 $ 8,864 $ 26,208 $ 1,429 $ 823,253 (dollars in thousands) Pass Special Mention Substandard Doubtful Total At December 31, 2014 : Commercial real estate $ 345,444 $ 8,199 $ 25,616 $ - $ 379,259 Construction and land development 29,484 - 377 - 29,861 Commercial and industrial 139,062 702 3,920 1,429 145,113 Owner occupied real estate 181,940 1,550 4,535 - 188,025 Consumer and other 38,951 75 687 - 39,713 Residential mortgage 408 - - - 408 Total $ 735,289 $ 10,526 $ 35,135 $ 1,429 $ 782,379
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	(dollars in thousands) June 30, 201 5 December 31, 201 4 Commercial real estate $ 8,430 $ 13,979 Construction and land development 414 377 Commercial and industrial 4,049 4,349 Owner occupied real estate 2,666 2,306 Consumer and other 418 429 Residential mortgage - - Total $ 15,977 $ 21,440
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	(dollars in thousands) Number of Loans Accrual Status Non-Accrual Status Total TDRs June 30, 201 5 Commercial real estate 1 $ 6,027 $ - $ 6,027 Construction and land development - - - - Commercial and industrial 2 - 1,819 1,819 Owner occupied real estate 1 1,838 - 1,838 Consumer and other - - - - Residential mortgage - - - - Total 4 $ 7,865 $ 1,819 $ 9,684 December 31, 201 4 Commercial real estate 1 $ 6,069 $ - $ 6,069 Construction and land development - - - - Commercial and industrial 1 - 1,673 1,673 Owner occupied real estate 1 1,852 - 1,852 Consumer and other - - - - Residential mortgage - - - - Total 3 $ 7,921 $ 1,673 $ 9,594

Note 7 - Fair Value of Financ21

Note 7 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	(dollars in thousands) Total (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs June 30, 201 5 Collateralized mortgage obligations $ 92,174 $ - $ 92,174 $ - Mortgage-backed securities 11,859 - 11,859 - Municipal securities 20,357 - 20,357 - Corporate bonds 31,362 - 28,678 2,684 Asset-backed securities 18,264 - 18,264 - Trust Preferred Securities 2,006 - - 2,006 Other securities 120 - 120 - Securities Available for Sale $ 176,142 $ - $ 171,452 $ 4,690 December 31, 201 4 Collateralized mortgage obligations $ 99,222 $ - $ 99,222 $ - Mortgage-backed securities 13,802 - 13,802 - Municipal securities 16,107 - 16,107 - Corporate bonds 34,427 - 31,422 3,005 Asset-backed securities 18,505 - 18,505 - Trust Preferred Securities 3,193 - - 3,193 Other securities 123 - 123 - Securities Available for Sale $ 185,379 $ - $ 179,181 $ 6,198
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Three Months Ended June 30, 201 5 Three Months Ended June 30, 201 4 Level 3 Investments Only (dollars in thousands) Trust Preferred Securities Corporate Bonds Trust Preferred Securities Corporate Bonds Balance, April 1st $ 3,042 $ 3,006 $ 2,807 $ 3,006 Unrealized gains (losses) 578 (322 ) 177 - Paydowns - - - - Proceeds from sales (1,538 ) Realized losses (76 ) Impairment charges on Level 3 - - (7 ) - Balance, June 30th $ 2,006 $ 2,684 $ 2,977 $ 3,006 Six Months Ended June 30, 201 5 Six Months Ended June 30, 201 4 Level 3 Investments Only (dollars in thousands) Trust Preferred Securities Corporate Bonds Trust Preferred Securities Corporate Bonds Balance, January 1st $ 3,193 $ 3,005 $ 2,850 $ 3,006 Unrealized gains (losses) 449 (321 ) 134 - Paydowns (19 ) - - - Proceeds from sales (1,538 ) Realized losses (76 ) Impairment charges on Level 3 (3 ) - (7 ) - Balance, June 30th $ 2,006 $ 2,684 $ 2,977 $ 3,006
Fair Value Measurements, Nonrecurring [Table Text Block]	(dollars in thousands) Total (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs June 30, 2015: Impaired loans $ 5,896 $ - $ - $ 5,896 Other real estate owned 11,312 - - 11,312 SBA servicing assets 4,319 - - 4,319 December 31, 2014: Impaired loans $ 15,838 $ - $ - $ 15,838 Other real estate owned 2,135 - - 2,135 SBA servicing assets 4,099 - - 4,099
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Quantitative Information about Level 3 Fair Value Measurements Asset Description Fair Value Valuation Technique Unobservable Input Range Weighted Average June 30 , 2015 : Impaired loans $ 5,896 Fair Value of Collateral (1) Appraised Value (2) 13% - 86% (32%) (4) Other real estate owned $ 11,312 Fair Value of Collateral (1) Appraised Value (2) Sales Price 7% - 44% (11%) (4) SBA Servicing Assets $ 4,319 Fair Value Individual Loan Valuation (3) (3) December 31, 2014 : Impaired loans $ 15,838 Fair Value of Collateral (1) Appraised Value (2) 0% - 89% (30%) (4) Other real estate owned $ 2,135 Fair Value of Collateral (1) Appraised Value (2) Sales Price 7% - 39% (22%) (4) SBA Servicing Assets $ 4,099 Fair Value Individual Loan Valuation (3) (3)
Schedule of Servicing Assets at Fair Value [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 201 5 201 4 201 5 201 4 Beginning balance $ 4,267 $ 3,805 $ 4,099 $ 3,477 Additions 310 271 445 575 Fair value adjustments (258 ) (9 ) (225 ) 15 Ending balance $ 4,319 $ 4,067 $ 4,319 $ 4,067
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]	(dollars in thousands) June 30, 201 5 December 31, 201 4 SBA Servicing Asset Fair Value of SBA Servicing Asset $ 4,319 $ 4,099 Composition of SBA Loans Serviced for Others Fixed-rate SBA loans 0 % 0 % Adjustable-rate SBA loans 100 % 100 % Total 100 % 100 % Weighted Average Remaining Term (in years) 21.1 21.2 Prepayment Speed 7.86 % 7.45 % Effect on fair value of a 10% increase $ (132 ) $ (116 ) Effect on fair value of a 20% increase (257 ) (226 ) Weighted Average Discount Rate 11.59 % 12.48 % Effect on fair value of a 10% increase $ (211 ) $ (195 ) Effect on fair value of a 20% increase (408 ) (378 )
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at June 30, 201 5 (dollars in thousands) Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Sheet Data Financial assets: Cash and cash equivalents $ 81,170 $ 81,170 $ 81,170 $ - $ - Investment securities available for sale 176,142 176,142 - 171,452 4,690 Investment securities held to maturity 119,338 119,269 - 119,269 - Restricted stock 1,179 1,179 - 1,179 - Loans held for sale 3,464 3,768 - - 3,768 Loans receivable, net 814,477 805,426 - - 805,426 SBA servicing assets 4,319 4,319 - - 4,319 Accrued interest receivable 3,559 3,559 - 3,559 - Financial liabilities: Deposits Demand, savings and money market $ 1,057,765 $ 1,057,765 $ - $ 1,057,765 $ - Time 72,032 72,151 - 72,151 - Subordinated debt 22,476 18,044 - - 18,044 Accrued interest payable 235 235 - 235 - Off-Balance Sheet Data Commitments to extend credit - - Standby letters-of-credit - - Fair Value Measurements at December 31, 201 4 (dollars in thousands) Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Balance Sheet Data Financial assets: Cash and cash equivalents $ 128,826 $ 128,826 $ 128,826 $ - $ - Investment securities available for sale 185,379 185,379 - 179,181 6,198 Investment securities held to maturity 67,866 68,253 - 68,253 - Restricted stock 1,157 1,157 - 1,157 - Loans held for sale 1,676 1,699 - - 1,699 Loans receivable, net 770,404 760,163 - - 760,163 SBA servicing assets 4,099 4,099 - - 4,099 Accrued interest receivable 3,226 3,226 - 3,226 - Financial liabilities: Deposits Demand, savings and money market $ 996,861 $ 996,861 $ - $ 996,861 $ - Time 75,369 75,592 - 75,592 - Subordinated debt 22,476 18,221 - - 18,221 Accrued interest payable 265 265 - 265 - Off-Balance Sheet Data Commitments to extend credit - - Standby letters-of-credit - -

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details)	Jun. 30, 2015
Disclosure Text Block [Abstract]
Number of Unconsolidated Subsidiaries	3
Number of Trust Preferred Securities Issued	3

Note 2 - Summary of Significa23

Note 2 - Summary of Significant Accounting Policies (Details) - USD ($)		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	[1]	0.00%	0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares		323,062	198,825
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number		1,991,105
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value (in Dollars)		$ 770,895
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number		772,454
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value (in Dollars)		$ 252,796
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period		8,494
Share-based Compensation Arrangement by Share-based Payment Award, Options, Options Forfeited, Weighted Average Grant Date Fair Value, Amount (in Dollars)		$ 6,870
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options (in Dollars)		$ 1,194,289		$ 910,590
Stock Option and Restricted Stock Plan [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		1,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		15,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value, Amount (in Dollars)		$ 20,826
2014 Republic First Bancorp, Inc. Equity Incentive Plan [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		2,600,000
Minimum Percentage of Outstanding Shares As an Annual Adjustment		10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		490,200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value, Amount (in Dollars)		$ 747,152
Minimum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Term		5 years 6 months
Treasury Bond Term On Which Risk Free Interest Rate is Based		5 years
Minimum [Member] | Stock Option and Restricted Stock Plan [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		1 year
Maximum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Term		7 years
Treasury Bond Term On Which Risk Free Interest Rate is Based		7 years
Maximum [Member] | Stock Option and Restricted Stock Plan [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
[1]	A dividend yield of 0.0% is utilized because cash dividends have never been paid.

Note 2 - Summary of Significa24

Note 2 - Summary of Significant Accounting Policies (Details) - Valuation Assumptions		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014
Note 2 - Summary of Significant Accounting Policies (Details) - Valuation Assumptions [Line Items]
Dividend yield(1)	[1]	0.00%	0.00%
Minimum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) - Valuation Assumptions [Line Items]
Expected volatility(2)	[2]	53.78%	55.79%
Risk-free interest rate(3)	[3]	1.49%	1.51%
Expected life(4) (in years)	[4]	5 years 6 months	5 years 6 months
Maximum [Member]
Note 2 - Summary of Significant Accounting Policies (Details) - Valuation Assumptions [Line Items]
Expected volatility(2)	[2]	56.00%	57.99%
Risk-free interest rate(3)	[3]	2.00%	2.13%
Expected life(4) (in years)	[4]	7 years	7 years
[1]	A dividend yield of 0.0% is utilized because cash dividends have never been paid.
[2]	Expected volatility is based on Bloomberg's five and one-half to seven year volatility calculation for "FRBK" stock.
[3]	The risk-free interest rate is based on the five to seven year Treasury bond.
[4]	The expected life reflects a 1 to 4 year vesting period, the maximum ten year term and review of historical behavior.

Note 2 - Summary of Significa25

Note 2 - Summary of Significant Accounting Policies (Details) - Stock-based Compensation - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stock-based Compensation [Abstract]
Stock based compensation expense recognized	$ 279,000	$ 198,000
Number of unvested stock options (in Shares)	1,218,651	1,055,013
Fair value of unvested stock options	$ 1,927,048	$ 1,545,988
Amount remaining to be recognized as expense	$ 1,194,289	$ 910,590

Note 2 - Summary of Significa26

Note 2 - Summary of Significant Accounting Policies (Details) - Calculation of EPS - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Calculation of EPS [Abstract]
Net income (basic and diluted)	$ 533	$ 537	$ 1,061	$ 1,292
Weighted average shares outstanding	37,816	35,157	37,816	30,590
Net income per share – basic	$ 0.01	$ 0.02	$ 0.03	$ 0.04
Weighted average shares outstanding (including dilutive CSEs)	38,049	35,609	38,048	30,932
Net income per share – diluted	$ 0.01	$ 0.02	$ 0.03	$ 0.04

Note 4 - Segment Reporting (Det

Note 4 - Segment Reporting (Details)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Number of Reportable Segments	1

Note 5 - Investment Securitie28

Note 5 - Investment Securities (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Jul. 31, 2014USD ($)
Note 5 - Investment Securities (Details) [Line Items]
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$ 0	$ 7,000	$ 3,000	$ 7,000
Securities, Continuous Loss Position, Accumulated Loss	3,700,000		3,700,000		$ 2,400,000
Securities, Continuous Unrealized Loss Position, Fair Value	104,000,000		104,000,000		$ 62,200,000
Gain on Sale of Investments	155,000	458,000	155,000	458,000
Loss on Sale of Investments	146,000		146,000
Proceeds from Sale and Maturity of Marketable Securities	$ 4,100,000	$ 5,700,000	4,100,000	5,700,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax			$ 3,000	$ 165,000
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Note 5 - Investment Securities (Details) [Line Items]
Number of Securities in Investment Portfolio	0		0		0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	5		5
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Alt-A [Member]
Note 5 - Investment Securities (Details) [Line Items]
Number of Securities in Investment Portfolio	0		0		0
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Subprime [Member]
Note 5 - Investment Securities (Details) [Line Items]
Number of Securities in Investment Portfolio	0		0		0
Collateralized Mortgage Obligations [Member]
Note 5 - Investment Securities (Details) [Line Items]
Number of Securities in Investment Portfolio	0		0		0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	15		15
Held-to-maturity Securities Transferred from Available-for-sale						$ 70,100,000
Securities Transferred to Held-to-maturity Unrealized Gain (Loss)	$ (1,000,000)		$ (1,000,000)			$ (1,200,000)
Collateralized Mortgage Obligations [Member] | Alt-A [Member]
Note 5 - Investment Securities (Details) [Line Items]
Number of Securities in Investment Portfolio	0		0		0
Collateralized Mortgage Obligations [Member] | Subprime [Member]
Note 5 - Investment Securities (Details) [Line Items]
Number of Securities in Investment Portfolio	0		0		0
US States and Political Subdivisions Debt Securities [Member]
Note 5 - Investment Securities (Details) [Line Items]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	14		14

Note 5 - Investment Securitie29

Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	$ 177,227	$ 185,250
Investment securities available for sale, gross unrealized gains	2,097	2,400
Investment securities available for sale, gross unrealized losses	(3,182)	(2,271)
Investment securities available for sale, at fair value	176,142	185,379
Investment securities held to maturity at amortized cost	119,338	67,866
Investment securities held to maturity, gross unrealized gains	446	531
Investment securities held to maturity, gross unrealized losses	(515)	(144)
Investment securities held to maturity, at fair value	119,269	68,253
Collateralized Mortgage Obligations [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	92,324	98,626
Investment securities available for sale, gross unrealized gains	768	692
Investment securities available for sale, gross unrealized losses	(918)	(96)
Investment securities available for sale, at fair value	92,174	99,222
Investment securities held to maturity at amortized cost	103,851	67,845
Investment securities held to maturity, gross unrealized gains	445	531
Investment securities held to maturity, gross unrealized losses	(444)	(144)
Investment securities held to maturity, at fair value	103,852	68,232
Collateralized Mortgage Backed Securities [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	11,476	13,271
Investment securities available for sale, gross unrealized gains	457	564
Investment securities available for sale, gross unrealized losses	(74)	(33)
Investment securities available for sale, at fair value	11,859	13,802
Investment securities held to maturity at amortized cost	8,168
Investment securities held to maturity, gross unrealized gains	1
Investment securities held to maturity, gross unrealized losses	(25)
Investment securities held to maturity, at fair value	8,144
US States and Political Subdivisions Debt Securities [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	20,345	15,784
Investment securities available for sale, gross unrealized gains	249	363
Investment securities available for sale, gross unrealized losses	(237)	(40)
Investment securities available for sale, at fair value	20,357	16,107
Corporate Debt Securities [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	31,336	33,840
Investment securities available for sale, gross unrealized gains	359	621
Investment securities available for sale, gross unrealized losses	(333)	(34)
Investment securities available for sale, at fair value	31,362	34,427
Asset-backed Securities [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	18,005	18,353
Investment securities available for sale, gross unrealized gains	259	152
Investment securities available for sale, gross unrealized losses	0	0
Investment securities available for sale, at fair value	18,264	18,505
Collateralized Debt Obligations [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	3,626	5,261
Investment securities available for sale, gross unrealized gains	0	0
Investment securities available for sale, gross unrealized losses	(1,620)	(2,068)
Investment securities available for sale, at fair value	2,006	3,193
Other Debt Obligations [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities available for sale, at amortized cost	115	115
Investment securities available for sale, gross unrealized gains	5	8
Investment securities available for sale, gross unrealized losses	0	0
Investment securities available for sale, at fair value	120	123
Investment securities held to maturity at amortized cost	20	20
Investment securities held to maturity, gross unrealized gains	0	0
Investment securities held to maturity, gross unrealized losses	0	0
Investment securities held to maturity, at fair value	20	20
US Government Agencies Debt Securities [Member]
Note 5 - Investment Securities (Details) - Unrealized Gain (Loss) on Investments [Line Items]
Investment securities held to maturity at amortized cost	7,299	1
Investment securities held to maturity, gross unrealized gains	0	0
Investment securities held to maturity, gross unrealized losses	(46)	0
Investment securities held to maturity, at fair value	$ 7,253	$ 1

Note 5 - Investment Securitie30

Note 5 - Investment Securities (Details) - Investment Securities by Contractual Maturity - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investment Securities by Contractual Maturity [Abstract]
Due in 1 year or less	$ 21,008
Due in 1 year or less	21,325
Due in 1 year or less	0
Due in 1 year or less	0
After 1 year to 5 years	60,626
After 1 year to 5 years	60,142
After 1 year to 5 years	67,529
After 1 year to 5 years	67,460
After 5 years to 10 years	81,196
After 5 years to 10 years	80,585
After 5 years to 10 years	51,809
After 5 years to 10 years	51,809
After 10 years	14,397
After 10 years	14,090
After 10 years	0
After 10 years	0
Total	177,227
Total	176,142	$ 185,379
Total	119,338	67,866
Total	$ 119,269	$ 68,253

Note 5 - Investment Securitie31

Note 5 - Investment Securities (Details) - Credit-related Impairment Losses on Securities - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Credit-related Impairment Losses on Securities [Abstract]
Beginning Balance, January 1st			$ 3,966,000	$ 3,959,000
Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized	$ 0	$ 7,000	3,000	7,000
Reductions for securities sold during the period			(2,569,000)
Ending Balance, June 30th	$ 1,400,000	$ 3,966,000	$ 1,400,000	$ 3,966,000

Note 5 - Investment Securitie32

Note 5 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Note 5 - 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	$ 63,456	$ 27,506
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	1,487	142
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	4,409	5,657
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	1,695	2,129
Available for sale securities in a continuous unrealized loss position, fair value	67,865	33,163
Available for sale securities in a continuous unrealized loss position, unrealized losses	3,182	2,271
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	36,122	19,766
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	515	92
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	0	9,232
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	0	52
Held to maturity securities in a continuous unrealized loss position, fair value	36,122	28,998
Held to maturity securities in a continuous unrealized loss position, unrealized losses	515	144
Collateralized Mortgage Obligations [Member]
Note 5 - 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	39,623	17,331
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	918	96
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	0	0
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	0	0
Available for sale securities in a continuous unrealized loss position, fair value	39,623	17,331
Available for sale securities in a continuous unrealized loss position, unrealized losses	918	96
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	28,989	19,766
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	444	92
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	0	9,232
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	0	52
Held to maturity securities in a continuous unrealized loss position, fair value	28,989	28,998
Held to maturity securities in a continuous unrealized loss position, unrealized losses	444	144
Collateralized Mortgage Backed Securities [Member]
Note 5 - 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	6,113	3,997
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	43	2
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	1,022	1,069
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	31	31
Available for sale securities in a continuous unrealized loss position, fair value	7,135	5,066
Available for sale securities in a continuous unrealized loss position, unrealized losses	74	33
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	2,897
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	25
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	0
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	0
Held to maturity securities in a continuous unrealized loss position, fair value	2,897
Held to maturity securities in a continuous unrealized loss position, unrealized losses	25
US States and Political Subdivisions Debt Securities [Member]
Note 5 - 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	8,175	1,298
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	193	10
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	1,381	1,395
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	44	30
Available for sale securities in a continuous unrealized loss position, fair value	9,556	2,693
Available for sale securities in a continuous unrealized loss position, unrealized losses	237	40
Corporate Debt Securities [Member]
Note 5 - 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	9,545	4,880
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	333	34
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	0	0
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	0	0
Available for sale securities in a continuous unrealized loss position, fair value	9,545	4,880
Available for sale securities in a continuous unrealized loss position, unrealized losses	333	34
Collateralized Debt Obligations [Member]
Note 5 - 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	0	0
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	0	0
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	2,006	3,193
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	1,620	2,068
Available for sale securities in a continuous unrealized loss position, fair value	2,006	3,193
Available for sale securities in a continuous unrealized loss position, unrealized losses	1,620	$ 2,068
US Government Agencies Debt Securities [Member]
Note 5 - Investment Securities (Details) - Securities in a Continuous Unrealized Loss Position [Line Items]
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	4,236
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	46
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	0
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	0
Held to maturity securities in a continuous unrealized loss position, fair value	4,236
Held to maturity securities in a continuous unrealized loss position, unrealized losses	$ 46

Note 5 - Investment Securitie33

Note 5 - Investment Securities (Details) - Trust Preferred Securities $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2013USD ($)
Note 5 - Investment Securities (Details) - Trust Preferred Securities [Line Items]
Amortized cost	$ 177,227	$ 185,250
Fair value	176,142	185,379
Unrealized losses	(3,182)	(2,271)
Cumulative OTTI life to date	$ 1,400	3,966	$ 3,966	$ 3,959
TPREF Funding II [Member]
Note 5 - Investment Securities (Details) - Trust Preferred Securities [Line Items]
Class / tranche	Class B Notes
Amortized cost	$ 732
Fair value	401
Unrealized losses	$ (331)
Lowest credit rating assigned	C
Number of banks currently performing	20
Deferrals / defaults as % of current balance	36.00%
Conditional default rates for 2013 and beyond	0.39%
Cumulative OTTI life to date	$ 267
TPREF Funding III [Member]
Note 5 - Investment Securities (Details) - Trust Preferred Securities [Line Items]
Class / tranche	Class B2 Notes
Amortized cost	$ 1,518
Fair value	799
Unrealized losses	$ (719)
Lowest credit rating assigned	C
Number of banks currently performing	15
Deferrals / defaults as % of current balance	36.00%
Conditional default rates for 2013 and beyond	0.33%
Cumulative OTTI life to date	$ 483
Trapeza CDO I, LLC [Member]
Note 5 - Investment Securities (Details) - Trust Preferred Securities [Line Items]
Class / tranche	Class C1 Notes
Amortized cost	$ 556
Fair value	342
Unrealized losses	$ (214)
Lowest credit rating assigned	C
Number of banks currently performing	7
Deferrals / defaults as % of current balance	50.00%
Conditional default rates for 2013 and beyond	0.35%
Cumulative OTTI life to date	$ 470
ALESCO Preferred Funding V [Member]
Note 5 - Investment Securities (Details) - Trust Preferred Securities [Line Items]
Class / tranche	Class C1 Notes
Amortized cost	$ 820
Fair value	464
Unrealized losses	$ (356)
Lowest credit rating assigned	C
Number of banks currently performing	40
Deferrals / defaults as % of current balance	15.00%
Conditional default rates for 2013 and beyond	0.35%
Cumulative OTTI life to date	$ 180
Collateralized Debt Obligations [Member]
Note 5 - Investment Securities (Details) - Trust Preferred Securities [Line Items]
Amortized cost	3,626	5,261
Fair value	2,006	3,193
Unrealized losses	$ (1,620)	$ (2,068)
Number of banks currently performing	82
Deferrals / defaults as % of current balance	32.00%
Cumulative OTTI life to date	$ 1,400

Note 6 - Loans Receivable and34

Note 6 - Loans Receivable and Allowance for Loan Losses (Details)	3 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items]
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans (in Dollars)	$ 218,000	$ 399,000		$ 463,000	$ 542,000
Financing Receivable, Modifications, Number of Contracts	0	0		0	0
Financing Receivable Modifications, Subsequent Paid, Number of Contracts			1
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0		0	0
Commercial Portfolio Segment [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items]
Financing Receivable, Modifications, Number of Contracts	1			1
Financing Receivable, Modifications, Pre-Modification Recorded Investment (in Dollars)				$ 1,200,000
Financing Receivable, Modifications, Post-Modification Recorded Investment (in Dollars)				$ 1,200,000

Note 6 - Loans Receivable and35

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Gross Loans by Major Categories - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 823,253	$ 782,379
Deferred costs (fees)	(378)	(439)
Allowance for loan losses	(8,398)	(11,536)
Net loans receivable	814,477	770,404
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	371,051	379,259
Construction and Land Development Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	34,947	29,861
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	166,912	145,113
Owner Occupied Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	202,467	188,025
Consumer Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	47,475	39,713
Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 401	$ 408

Note 6 - Loans Receivable and36

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
With no related allowance recorded:
With no related allowance-Recorded Investment	$ 20,498		$ 20,498		$ 16,742
With no related allowance-Unpaid Principal Balance	22,380		22,380		20,638
With no related allowance-Average Recorded Investment	19,342	$ 11,498	18,185	$ 11,417
With no related allowance-Interest Income Recognized	13	103	198	216
With an allowance recorded:
With related allowance-Recorded Investment	7,139		7,139		18,902
With related allowance-Unpaid Principal Balance	13,525		13,525		23,205
With related allowance-Related Allowance	2,397		2,397		5,130
With related allowance-Average Recorded Investment	11,073	21,248	15,007	21,191
With related allowance-Interest Income Recognized	33	(96)	66	78
Total:
Recorded Investment	27,637		27,637		35,644
Unpaid Principal Balance	35,905		35,905		43,843
Related Allowance	2,397		2,397		5,130
Average Recorded Investment	30,415	32,746	33,192	32,608
Interest Income Recognized	46	7	264	294
Commercial Real Estate Portfolio Segment [Member]
With no related allowance recorded:
With no related allowance-Recorded Investment	14,214		14,214		11,964
With no related allowance-Unpaid Principal Balance	14,262		14,262		11,969
With no related allowance-Average Recorded Investment	13,432	6,696	12,648	6,734
With no related allowance-Interest Income Recognized	(21)	106	141	212
With an allowance recorded:
With related allowance-Recorded Investment	766		766		13,118
With related allowance-Unpaid Principal Balance	837		837		13,245
With related allowance-Related Allowance	194		194		3,858
With related allowance-Average Recorded Investment	4,864	13,325	8,965	13,249
With related allowance-Interest Income Recognized	3	(130)	3	8
Total:
Recorded Investment	14,980		14,980		25,082
Unpaid Principal Balance	15,099		15,099		25,214
Related Allowance	194		194		3,858
Average Recorded Investment	18,296	20,021	21,613	19,983
Interest Income Recognized	(18)	(24)	144	220
Construction and Land Development Portfolio Segment [Member]
With no related allowance recorded:
With no related allowance-Recorded Investment	320		320		61
With no related allowance-Unpaid Principal Balance	417		417		158
With no related allowance-Average Recorded Investment	248	661	178	730
With no related allowance-Interest Income Recognized	1	0	1	0
With an allowance recorded:
With related allowance-Recorded Investment	94		94		316
With related allowance-Unpaid Principal Balance	3,740		3,740		3,741
With related allowance-Related Allowance	60		60		217
With related allowance-Average Recorded Investment	116	659	137	650
With related allowance-Interest Income Recognized	0	0	0	0
Total:
Recorded Investment	414		414		377
Unpaid Principal Balance	4,157		4,157		3,899
Related Allowance	60		60		217
Average Recorded Investment	364	1,320	315	1,380
Interest Income Recognized	1	0	1	0
Commercial Portfolio Segment [Member]
With no related allowance recorded:
With no related allowance-Recorded Investment	4,062		4,062		3,764
With no related allowance-Unpaid Principal Balance	5,322		5,322		7,275
With no related allowance-Average Recorded Investment	3,992	2,859	3,923	2,699
With no related allowance-Interest Income Recognized	27	0	48	1
With an allowance recorded:
With related allowance-Recorded Investment	2,372		2,372		1,457
With related allowance-Unpaid Principal Balance	5,039		5,039		2,057
With related allowance-Related Allowance	1,149		1,149		211
With related allowance-Average Recorded Investment	2,084	3,914	1,796	4,111
With related allowance-Interest Income Recognized	0	(1)	0	0
Total:
Recorded Investment	6,434		6,434		5,221
Unpaid Principal Balance	10,361		10,361		9,332
Related Allowance	1,149		1,149		211
Average Recorded Investment	6,076	6,773	5,719	6,810
Interest Income Recognized	27	(1)	48	1
Owner Occupied Real Estate [Member]
With no related allowance recorded:
With no related allowance-Recorded Investment	1,084		1,084		524
With no related allowance-Unpaid Principal Balance	1,288		1,288		528
With no related allowance-Average Recorded Investment	957	802	829	740
With no related allowance-Interest Income Recognized	3	(3)	4	2
With an allowance recorded:
With related allowance-Recorded Investment	3,907		3,907		4,011
With related allowance-Unpaid Principal Balance	3,909		3,909		4,162
With related allowance-Related Allowance	994		994		844
With related allowance-Average Recorded Investment	4,009	3,315	4,109	3,113
With related allowance-Interest Income Recognized	30	35	63	70
Total:
Recorded Investment	4,991		4,991		4,535
Unpaid Principal Balance	5,197		5,197		4,690
Related Allowance	994		994		844
Average Recorded Investment	4,966	4,117	4,938	3,853
Interest Income Recognized	33	32	67	72
Consumer Portfolio Segment [Member]
With no related allowance recorded:
With no related allowance-Recorded Investment	818		818		429
With no related allowance-Unpaid Principal Balance	1,091		1,091		708
With no related allowance-Average Recorded Investment	713	480	607	514
With no related allowance-Interest Income Recognized	3	0	4	1
With an allowance recorded:
With related allowance-Recorded Investment	0		0		0
With related allowance-Unpaid Principal Balance	0		0		0
With related allowance-Related Allowance	0		0		0
With related allowance-Average Recorded Investment	0	35	0	68
With related allowance-Interest Income Recognized	0	0	0	0
Total:
Recorded Investment	818		818		429
Unpaid Principal Balance	1,091		1,091		708
Related Allowance	0		0		$ 0
Average Recorded Investment	713	515	607	582
Interest Income Recognized	$ 3	$ 0	$ 4	$ 1

Note 6 - Loans Receivable and37

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Activity in Allowance for Loan Losses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Allowance for loan losses:
Beginning balance:	$ 10,944	$ 11,950	$ 11,536	$ 12,263
Charge-offs	(2,548)	(188)	(3,225)	(501)
Recoveries	2	1	87	1
Provisions (credits)	0	300	0	300
Ending balance	8,398	12,063	8,398	12,063
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			2,397		$ 5,130
Allowance for loan losses: collectively evaluated for impairment			6,001		6,406
Total allowance for loan losses	10,944	11,950	8,398	12,063	11,536
Loans receivable:
Loans receivable: loans evaluated individually			27,637		35,644
Loans receivable: loans evaluated collectively			795,616		746,735
Total loans receivable			823,253		782,379
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance:	6,263	6,274	6,828	6,454
Charge-offs	(2,524)	(188)	(2,623)	(188)
Recoveries			4
Provisions (credits)	(1,032)	690	(1,502)	510
Ending balance	2,707	6,776	2,707	6,776
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			194		3,858
Allowance for loan losses: collectively evaluated for impairment			2,513		2,970
Total allowance for loan losses	6,263	6,274	2,707	6,776	6,828
Loans receivable:
Loans receivable: loans evaluated individually			14,980		25,082
Loans receivable: loans evaluated collectively			356,071		354,177
Total loans receivable			371,051		379,259
Construction and Land Development Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance:	255	861	917	1,948
Charge-offs			(222)	(20)
Recoveries			5
Provisions (credits)	56	163	(389)	(904)
Ending balance	311	1,024	311	1,024
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			60		217
Allowance for loan losses: collectively evaluated for impairment			251		700
Total allowance for loan losses	255	861	311	1,024	917
Loans receivable:
Loans receivable: loans evaluated individually			414		377
Loans receivable: loans evaluated collectively			34,533		29,484
Total loans receivable			34,947		29,861
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance:	1,924	2,640	1,579	2,309
Charge-offs	(24)		(325)	(283)
Recoveries	1	1	46	1
Provisions (credits)	922	150	1,523	764
Ending balance	2,823	2,791	2,823	2,791
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			1,149		211
Allowance for loan losses: collectively evaluated for impairment			1,674		1,368
Total allowance for loan losses	1,924	2,640	2,823	2,791	1,579
Loans receivable:
Loans receivable: loans evaluated individually			6,434		5,221
Loans receivable: loans evaluated collectively			160,478		139,892
Total loans receivable			166,912		145,113
Owner Occupied Real Estate [Member]
Allowance for loan losses:
Beginning balance:	1,578	1,128	1,638	985
Charge-offs			(55)	0
Recoveries			0
Provisions (credits)	209	1	204	144
Ending balance	1,787	1,129	1,787	1,129
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			994		844
Allowance for loan losses: collectively evaluated for impairment			793		794
Total allowance for loan losses	1,578	1,128	1,787	1,129	1,638
Loans receivable:
Loans receivable: loans evaluated individually			4,991		4,535
Loans receivable: loans evaluated collectively			197,476		183,490
Total loans receivable			202,467		188,025
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance:	230	197	234	225
Charge-offs			0	(10)
Recoveries	1		32
Provisions (credits)	20	23	(15)	5
Ending balance	251	220	251	220
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			0		0
Allowance for loan losses: collectively evaluated for impairment			251		234
Total allowance for loan losses	230	197	251	220	234
Loans receivable:
Loans receivable: loans evaluated individually			818		429
Loans receivable: loans evaluated collectively			46,657		39,284
Total loans receivable			47,475		39,713
Residential Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance:	2	13	2	14
Charge-offs			0	0
Recoveries			0
Provisions (credits)	0			(1)
Ending balance	2	13	2	13
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			0		0
Allowance for loan losses: collectively evaluated for impairment			2		2
Total allowance for loan losses	2	13	2	13	2
Loans receivable:
Loans receivable: loans evaluated individually			0		0
Loans receivable: loans evaluated collectively			401		408
Total loans receivable			401		408
Unallocated Financing Receivables [Member]
Allowance for loan losses:
Beginning balance:	692	837	338	328
Charge-offs			0	0
Recoveries			0
Provisions (credits)	(175)	(727)	179	(218)
Ending balance	517	110	517	110
Allowance for loan losses:
Allowance for loan losses: individually evaluated for impairment			0		0
Allowance for loan losses: collectively evaluated for impairment			517		338
Total allowance for loan losses	$ 692	$ 837	517	$ 110	338
Loans receivable:
Loans receivable: loans evaluated individually			0		0
Loans receivable: loans evaluated collectively			0		0
Total loans receivable			$ 0		$ 0

Note 6 - Loans Receivable and38

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Past Due Loans - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	$ 26,746	$ 37,183
Loans receivable, current	796,507	745,196
Loans receivable	823,253	782,379
Loans receivable > 90 days and accruing	256	0
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	1,681
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	10,513	14,062
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	16,233	21,440
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	15,668	25,726
Loans receivable, current	355,383	353,533
Loans receivable	371,051	379,259
Loans receivable > 90 days and accruing	0	0
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	713
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	7,238	11,034
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	8,430	13,979
Construction and Land Development Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	670	377
Loans receivable, current	34,277	29,484
Loans receivable	34,947	29,861
Loans receivable > 90 days and accruing	256	0
Construction and Land Development Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	0
Construction and Land Development Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	0
Construction and Land Development Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	670	377
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	4,880	6,728
Loans receivable, current	162,032	138,385
Loans receivable	166,912	145,113
Loans receivable > 90 days and accruing	0	0
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	193
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	831	2,186
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	4,049	4,349
Owner Occupied Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	4,979	3,744
Loans receivable, current	197,488	184,281
Loans receivable	202,467	188,025
Loans receivable > 90 days and accruing	0	0
Owner Occupied Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	626
Owner Occupied Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	2,313	812
Owner Occupied Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	2,666	2,306
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	549	608
Loans receivable, current	46,926	39,105
Loans receivable	47,475	39,713
Loans receivable > 90 days and accruing	0	0
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	149
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	131	30
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	418	429
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	0
Loans receivable, current	401	408
Loans receivable	401	408
Loans receivable > 90 days and accruing	0	0
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	0
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	0	0
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans receivable, total past due	$ 0	$ 0

Note 6 - Loans Receivable and39

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Loans by Internal Risk Rating - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 823,253	$ 782,379
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	786,752	735,289
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	8,864	10,526
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	26,208	35,135
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,429	1,429
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	371,051	379,259
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	347,990	345,444
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	8,081	8,199
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	14,980	25,616
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Construction and Land Development Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	34,947	29,861
Construction and Land Development Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	34,533	29,484
Construction and Land Development Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Construction and Land Development Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	414	377
Construction and Land Development Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	166,912	145,113
Commercial Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	160,245	139,062
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	233	702
Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	5,005	3,920
Commercial Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,429	1,429
Owner Occupied Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	202,467	188,025
Owner Occupied Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	197,001	181,940
Owner Occupied Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	475	1,550
Owner Occupied Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	4,991	4,535
Owner Occupied Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	47,475	39,713
Consumer Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	46,582	38,951
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	75	75
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	818	687
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	401	408
Residential Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	401	408
Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	0	0
Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 0	$ 0

Note 6 - Loans Receivable and40

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	$ 15,977	$ 21,440
Commercial Real Estate Portfolio Segment [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	8,430	13,979
Construction and Land Development Portfolio Segment [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	414	377
Commercial Portfolio Segment [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	4,049	4,349
Owner Occupied Real Estate [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	2,666	2,306
Consumer Portfolio Segment [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	418	429
Residential Portfolio Segment [Member]
Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Non-accrual Loans [Line Items]
Non-accrual loans	$ 0	$ 0

Note 6 - Loans Receivable and41

Note 6 - Loans Receivable and Allowance for Loan Losses (Details) - Troubled Debt Restructurings $ in Thousands	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Financing Receivable, Modifications [Line Items]
Number of loans	4	3
Troubled debt restructurings, accrual status	$ 7,865	$ 7,921
Troubled debt restructurings, non-accrual status	1,819	1,673
Troubled debt restructurings	$ 9,684	$ 9,594
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	1	1
Troubled debt restructurings, accrual status	$ 6,027	$ 6,069
Troubled debt restructurings, non-accrual status	0	0
Troubled debt restructurings	$ 6,027	$ 6,069
Construction and Land Development Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	0	0
Troubled debt restructurings, accrual status	$ 0	$ 0
Troubled debt restructurings, non-accrual status	0	0
Troubled debt restructurings	$ 0	$ 0
Commercial Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	2	1
Troubled debt restructurings, accrual status	$ 0	$ 0
Troubled debt restructurings, non-accrual status	1,819	1,673
Troubled debt restructurings	$ 1,819	$ 1,673
Owner Occupied Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	1	1
Troubled debt restructurings, accrual status	$ 1,838	$ 1,852
Troubled debt restructurings, non-accrual status	0	0
Troubled debt restructurings	$ 1,838	$ 1,852
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	0	0
Troubled debt restructurings, accrual status	$ 0	$ 0
Troubled debt restructurings, non-accrual status	0	0
Troubled debt restructurings	$ 0	$ 0
Residential Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Number of loans	0	0
Troubled debt restructurings, accrual status	$ 0	$ 0
Troubled debt restructurings, non-accrual status	0	0
Troubled debt restructurings	$ 0	$ 0

Note 7 - Fair Value of Financ42

Note 7 - Fair Value of Financial Instruments (Details)	Jun. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Adverse Changes in Key Assumptions	10.00%	20.00%

Note 7 - Fair Value of Financ43

Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 176,142	$ 185,379
Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	176,142	185,379
Collateralized Mortgage Obligations [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	92,174	99,222
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	92,174	99,222
Collateralized Mortgage Backed Securities [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	11,859	13,802
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	11,859	13,802
US States and Political Subdivisions Debt Securities [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	20,357	16,107
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	20,357	16,107
Corporate Debt Securities [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	31,362	34,427
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	31,362	34,427
Asset-backed Securities [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	18,264	18,505
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	18,264	18,505
Collateralized Debt Obligations [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	2,006	3,193
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	2,006	3,193
Other Debt Obligations [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	120	123
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	120	123
Fair Value, Inputs, Level 1 [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 1 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	171,452	179,181
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	171,452	179,181
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	92,174	99,222
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	11,859	13,802
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	20,357	16,107
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	28,678	31,422
Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	18,264	18,505
Fair Value, Inputs, Level 2 [Member] | Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 2 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	120	123
Fair Value, Inputs, Level 3 [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	4,690	6,198
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	4,690	6,198
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	2,684	3,005
Fair Value, Inputs, Level 3 [Member] | Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	0	0
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	2,006	3,193
Fair Value, Inputs, Level 3 [Member] | Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Financial Assets Measured at on a Recurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 0	$ 0

Note 7 - Fair Value of Financ44

Note 7 - Fair Value of Financial Instruments (Details) - Asstets Measured on a Recurring Basis Using Significant Unobservable Inputs - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Impairment charges on Level 3	$ 0	$ 21	$ (13)	$ 21
Fair Value, Inputs, Level 3 [Member] | Collateralized Debt Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	3,042	2,807	3,193	2,850
Balance	2,006	2,977	2,006	2,977
Unrealized gains (losses)	578	177	449	134
Paydowns			(19)
Proceeds from sales	(1,538)		(1,538)
Realized losses	(76)		(76)
Impairment charges on Level 3		(7)	(3)	(7)
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	3,006	3,006	3,005	3,006
Balance	2,684	$ 3,006	2,684	$ 3,006
Unrealized gains (losses)	$ (322)		$ (321)

Note 7 - Fair Value of Financ45

Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
SBA servicing assets	$ 4,319	$ 4,267	$ 4,099	$ 4,067	$ 3,805	$ 3,477
Fair Value, Measurements, Nonrecurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
Impaired loans	5,896		15,838
Other real estate owned	11,312		2,135
SBA servicing assets	4,319		4,099
Fair Value, Inputs, Level 1 [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
SBA servicing assets	0		0
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
Impaired loans	0		0
Other real estate owned	0		0
SBA servicing assets	0		0
Fair Value, Inputs, Level 2 [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
SBA servicing assets	0		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
Impaired loans	0		0
Other real estate owned	0		0
SBA servicing assets	0		0
Fair Value, Inputs, Level 3 [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
SBA servicing assets	4,319		4,099
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Note 7 - Fair Value of Financial Instruments (Details) - Assets Measured on a Nonrecurring Basis [Line Items]
Impaired loans	5,896		15,838
Other real estate owned	11,312		2,135
SBA servicing assets	$ 4,319		$ 4,099

Note 7 - Fair Value of Financ46

Note 7 - Fair Value of Financial Instruments (Details) - Quantitative Information about Level 3 Assets - Market Approach Valuation Technique [Member] - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value (in Dollars)		$ 5,896	$ 15,838
Valuation technique	[1]	Fair Value of Collateral (1)	Fair Value of Collateral (1)
Unobservable input	[2]	Appraised Value (2)	Appraised Value (2)
Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value (in Dollars)		$ 11,312	$ 2,135
Valuation technique	[1]	Fair Value of Collateral (1)	Fair Value of Collateral (1)
Unobservable input	[2]	Appraised Value (2) Sales Price	Appraised Value (2) Sales Price
SBA Servicing Assets [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value (in Dollars)		$ 4,319	$ 4,099
Valuation technique		Fair Value	Fair Value
Unobservable input	[3]	Individual Loan Valuation (3)	Individual Loan Valuation (3)
Minimum [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range		13.00%	0.00%
Weight average range		(13.00%)	(0.00%)
Minimum [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range		7.00%	7.00%
Weight average range		(7.00%)	(7.00%)
Maximum [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range		86.00%	89.00%
Weight average range		(86.00%)	(89.00%)
Maximum [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range		44.00%	39.00%
Weight average range		(44.00%)	(39.00%)
Weighted Average [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	[4]	32.00%	30.00%
Weight average range	[4]	(32.00%)	(30.00%)
Weighted Average [Member] | Other Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	[4]	11.00%	22.00%
Weight average range	[4]	(11.00%)	(22.00%)
[1]	Fair value is generally determined through independent appraisals of the underlying collateral, which include Level 3 inputs that are not identifiable.
[2]	Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses.
[3]	There is a lack of transactional data in this market place for the non-guaranteed portion of SBA loans.
[4]	The range and weighted average of qualitative factors such as economic conditions and estimated liquidation expenses are presented as a percent of the appraised value.

Note 7 - Fair Value of Financ47

Note 7 - Fair Value of Financial Instruments (Details) - SBA Servicing Assets Activity - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
SBA Servicing Assets Activity [Abstract]
Beginning balance	$ 4,267	$ 3,805	$ 4,099	$ 3,477
Additions	310	271	445	575
Fair value adjustments	(258)	(9)	(225)	15
Ending balance	$ 4,319	$ 4,067	$ 4,319	$ 4,067

Note 7 - Fair Value of Financ48

Note 7 - Fair Value of Financial Instruments (Details) - SBA Servicing Assets Sensitivity Analysis - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
SBA Servicing Asset
Fair Value of SBA Servicing Asset	$ 4,319	$ 4,099	$ 4,267	$ 4,067	$ 3,805	$ 3,477
Composition of SBA Loans Serviced for Others
Composition of SBA loans serviced for others	100.00%	100.00%
Weighted Average Remaining Term (in years)	21 years 36 days	21 years 73 days
Prepayment Speed	7.86%	7.45%
Effect on fair value of a 10% increase	$ (132)	$ (116)
Effect on fair value of a 20% increase	$ (257)	$ (226)
Weighted Average Discount Rate	11.59%	12.48%
Effect on fair value of a 10% increase	$ (211)	$ (195)
Effect on fair value of a 20% increase	$ (408)	$ (378)
Fixed Rate SBA Loans [Member]
Composition of SBA Loans Serviced for Others
Composition of SBA loans serviced for others	0.00%	0.00%
Adjustable Rate SBA Loans [Member]
Composition of SBA Loans Serviced for Others
Composition of SBA loans serviced for others	100.00%	100.00%

Note 7 - Fair Value of Financ49

Note 7 - Fair Value of Financial Instruments (Details) - Fair Values of Financial Instruments - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Financial assets:
Cash and cash equivalents	$ 81,170		$ 128,826
Cash and cash equivalents, at fair value	81,170		128,826
Investment securities available for sale	176,142		185,379
Investment securities available for sale, at fair value	176,142		185,379
Investment securities held to maturity	119,338		67,866
Investment securities held to maturity, at fair value	119,269		68,253
Restricted stock, at cost	1,179		1,157
Restricted stock, at fair value	1,179		1,157
Loans held for sale	3,464		1,676
Loans held for sale, at fair value	3,768		1,699
Loans receivable, net	814,477		770,404
Loans receivable, net, at fair value	805,426		760,163
SBA servicing assets	4,319		4,099
SBA servicing assets, at fair value	4,319	$ 4,267	4,099	$ 4,067	$ 3,805	$ 3,477
Accrued interest receivable	3,559		3,226
Accrued interest receivable, at fair value	3,559		3,226
Deposits
Demand, savings and money market	1,057,765		996,861
Demand, savings and money market, at fair value	1,057,765		996,861
Time deposits	72,032		75,369
Time deposits, at fair value	72,151		75,592
Subordinated debt	22,476		22,476
Subordinated debt	18,044		18,221
Accrued interest payable	235		265
Accrued interest payable, at fair value	235		265
Off-Balance Sheet Data
Commitments to extend credit	0		0
Commitments to extend credit, at fair value	0		0
Standby letters-of-credit	0		0
Standby letters-of-credit, at fair value	0		0
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents, at fair value	81,170		128,826
Investment securities available for sale	0		0
Investment securities available for sale, at fair value	0		0
Investment securities held to maturity, at fair value	0		0
Restricted stock, at fair value	0		0
Loans held for sale, at fair value	0		0
Loans receivable, net, at fair value	0		0
SBA servicing assets, at fair value	0		0
Accrued interest receivable, at fair value	0		0
Deposits
Demand, savings and money market, at fair value	0		0
Time deposits, at fair value	0		0
Subordinated debt	0		0
Accrued interest payable, at fair value	0		0
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents, at fair value	0		0
Investment securities available for sale	171,452		179,181
Investment securities available for sale, at fair value	171,452		179,181
Investment securities held to maturity, at fair value	119,269		68,253
Restricted stock, at fair value	1,179		1,157
Loans held for sale, at fair value	0		0
Loans receivable, net, at fair value	0		0
SBA servicing assets, at fair value	0		0
Accrued interest receivable, at fair value	3,559		3,226
Deposits
Demand, savings and money market, at fair value	1,057,765		996,861
Time deposits, at fair value	72,151		75,592
Subordinated debt	0		0
Accrued interest payable, at fair value	235		265
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents, at fair value	0		0
Investment securities available for sale	4,690		6,198
Investment securities available for sale, at fair value	4,690		6,198
Investment securities held to maturity, at fair value	0		0
Restricted stock, at fair value	0		0
Loans held for sale, at fair value	3,768		1,699
Loans receivable, net, at fair value	805,426		760,163
SBA servicing assets, at fair value	4,319		4,099
Accrued interest receivable, at fair value	0		0
Deposits
Demand, savings and money market, at fair value	0		0
Time deposits, at fair value	0		0
Subordinated debt	18,044		18,221
Accrued interest payable, at fair value	$ 0		$ 0

Uncategorized Items - frbk-2015

Label	Element	Value
Gain on sale of investment securities	us-gaap_GainLossOnSaleOfInvestments	$ 458
Gain on sale of investment securities	us-gaap_GainLossOnSaleOfInvestments	9
Gain on sales of SBA loans	us-gaap_GainLossOnSalesOfLoansNet	1,046
Gain on sales of SBA loans	us-gaap_GainLossOnSalesOfLoansNet	1,222
Impairment charges on investment securities	us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	0
Impairment charges on investment securities	us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet	$ 7