Republic First Bancorp (FRBKQ) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 04, 2017
Document Information [Line Items]
Entity Registrant Name	REPUBLIC FIRST BANCORP INC
Entity Central Index Key	834,285
Trading Symbol	frbk
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		56,962,264
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks		$ 25,119	$ 19,830
Interest bearing deposits with banks		11,472	14,724
Cash and cash equivalents		36,591	34,554
Investment securities available for sale, at fair value		362,328	369,739
Investment securities held to maturity, at amortized cost (fair value of $413,699 and $425,183, respectively)		421,850	432,499
Restricted stock, at cost		1,366	1,366
Loans held for sale		25,098	28,065
Loans receivable (net of allowance for loan losses of $9,181 and $9,155 respectively)		1,016,962	955,817
Premises and equipment, net		58,926	57,040
Other real estate owned, net		9,944	10,174
Accrued interest receivable		5,987	5,497
Goodwill		5,011	5,011
Intangible asset		35	61
Other assets		24,490	24,108
Total Assets		1,968,588	1,923,931
LIABILITIES AND SHAREHOLDERS' EQUITY
Demand - non-interest bearing		364,278	324,912
Demand - interest bearing		629,583	605,950
Money market and savings		620,218	635,644
Time deposits		106,433	111,164
Total Deposits		1,720,512	1,677,670
Accrued interest payable		490	444
Other liabilities		7,614	8,883
Subordinated debt		21,648	21,881
Total Liabilities		1,750,264	1,708,878
Shareholders’ Equity
Preferred stock, par value $0.01 per share: 10,000,000 shares authorized; no shares issued and outstanding		0	0
Common stock, par value $0.01 per share: 100,000,000 shares authorized; shares issued 57,415,434 as of March 31, 2017 and 57,283,712 as of December 31, 2016; shares outstanding 56,886,589 as of March 31, 2017 and 56,754,867 as of December 31, 2016		574	573
Additional paid in capital		254,403	253,570
Accumulated deficit		(26,101)	(27,888)
Treasury stock at cost (503,408 shares as of March 31, 2017 and December 31, 2016)		(3,725)	(3,725)
Stock held by deferred compensation plan (25,437 shares as of March 31, 2017 and December 31, 2016)		(183)	(183)
Accumulated other comprehensive loss	[1]	(6,644)	(7,294)
Total Shareholders’ Equity		218,324	215,053
Total Liabilities and Shareholders’ Equity		$ 1,968,588	$ 1,923,931
[1]	All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Investment securities held to maturity, at fair value	$ 413,699	$ 425,183
Loans receivable, allowance for loan losses	$ 9,181	$ 9,155
Preferred stock par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	57,415,434	57,283,712
Common stock, shares outstanding (in shares)	56,886,589	56,754,867
Treasury stock (in shares)	503,408	503,408
Stock held by deferred compensation plan (in shares)	25,437	25,437

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest income
Interest and fees on taxable loans	$ 10,941	$ 9,717
Interest and fees on tax-exempt loans	258	214
Interest and dividends on taxable investment securities	4,733	2,594
Interest and dividends on tax-exempt investment securities	194	174
Interest on federal funds sold and other interest-earning assets	61	63
Total interest income	16,187	12,762
Interest expense
Demand-interest bearing	608	415
Money market and savings	698	609
Time deposits	296	141
Other borrowings	366	306
Total interest expense	1,968	1,471
Net interest income	14,219	11,291
Provision for loan losses		300
Net interest income after provision for loan losses	14,219	10,991
Non-interest income
Loan advisory and servicing fees	337	603
Mortgage banking income	2,421
Gain on sales of SBA loans	688	833
Service fees on deposit accounts	846	570
Gain on sale of investment securities		296
Net securities impairment losses recognized in earnings		(1)
Other non-interest income	(46)	(111)
Total non-interest income	4,338	2,412
Non-interest expenses
Salaries and employee benefits	8,582	6,052
Occupancy	1,715	1,405
Depreciation and amortization	1,175	969
Legal	252	88
Other real estate owned	346	585
Advertising	245	129
Data processing	785	467
Insurance	273	206
Professional fees	428	360
Regulatory assessments and costs	329	342
Taxes, other	236	24
Other operating expenses	2,438	1,716
Total non-interest expense	16,804	12,343
Income before benefit for income taxes	1,753	1,060
Benefit for income taxes	(34)	(25)
Net income	$ 1,787	$ 1,085
Net income per share
Basic (in dollars per share)	$ 0.03	$ 0.03
Diluted (in dollars per share)	$ 0.03	$ 0.03

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net income		$ 1,787	$ 1,085
Other comprehensive income, net of tax
Unrealized gain on securities (pre-tax $971, and $3,312 respectively)		623	2,122
Reclassification adjustment for securities gains (pre-tax $-, and $(296) respectively)			(190)
Reclassification adjustment for impairment charge (pre-tax $-, and $1 respectively)			1
Net unrealized gains on securities		623	1,933
Net unrealized holding losses on securities transferred from available-for-sale to held to maturity:
Amortization of net unrealized holding losses during the period (pre-tax $42, and $58 respectively)		27	37
Net current-period other comprehensive income	[1]	650	1,970
Total comprehensive income		$ 2,437	$ 3,055
[1]	All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Unrealized gain (loss) on securities, pre-tax	$ 971	$ 3,312
Reclassification adjustment for securities gains, pre-tax		(296)
Reclassification adjustment for impairment charge, pre-tax		1
Amortization of net unrealized holding losses to income during the period, pre-tax	$ 42	$ 58

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net income	$ 1,787,000	$ 1,085,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses		300,000
Write down of other real estate owned	110,000	126,000
Depreciation and amortization	1,175,000	969,000
Stock based compensation	302,000	171,000
Gain on sale and call of investment securities		(296,000)
Impairment charges on investment securities		1,000
Amortization of premiums on investment securities	676,000	229,000
Accretion of discounts on retained SBA loans	(267,000)	(214,000)
Fair value adjustments on SBA servicing assets	265,000	70,000
Proceeds from sales of SBA loans originated for sale	8,378,000	9,695,000
SBA loans originated for sale	(8,881,000)	(7,192,000)
Gains on sales of SBA loans originated for sale	(688,000)	(833,000)
Proceeds from sales of mortgage loans originated for sale	76,740,000
Mortgage loans originated for sale	(70,507,000)
Gains on mortgage loans originated for sale	(2,075,000)
Amortization of intangible assets	26,000
Amortization of debt issuance costs	7,000	7,000
Increase in accrued interest receivable and other assets	(1,501,000)	(552,000)
Decrease in accrued interest payable and other liabilities	(1,223,000)	(1,556,000)
Net cash provided by operating activities	4,324,000	2,010,000
Cash flows from investing activities
Purchase of investment securities available for sale	(909,000)	(32,856,000)
Purchase of investment securities held to maturity		(10,523,000)
Proceeds from the sale of securities available for sale	0	54,715,000
Proceeds from the maturity or call of securities available for sale	8,955,000	5,878,000
Proceeds from the maturity or call of securities held to maturity	10,352,000	4,100,000
Proceeds from redemption of restricted stock		1,880,000
Net increase in loans	(60,878,000)	(24,140,000)
Net proceeds from sale of other real estate owned	120,000	76,000
Premises and equipment expenditures	(3,061,000)	(4,391,000)
Net cash used in investing activities	(45,421,000)	(5,261,000)
Cash flows from financing activities
Net proceeds from exercise of stock options	291,981	488
Net increase in demand, money market and savings deposits	47,573,000	95,479,000
Net decrease in time deposits	(4,731,000)	(7,170,000)
Decrease in short-term borrowings		(47,000,000)
Net cash provided by financing activities	43,134,000	41,310,000
Net increase in cash and cash equivalents	2,037,000	38,059,000
Cash and cash equivalents, beginning of year	34,554,000	27,139,000
Cash and cash equivalents, end of period	36,591,000	65,198,000
Supplemental disclosures
Interest paid	1,992,000	1,445,000
Non-cash transfers from loans to other real estate owned		32,000
Conversion of subordinated debt to common stock	$ 240,000

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, 2015		$ 384	$ 152,897	$ (32,833)	$ (3,725)	$ (183)	$ (3,165)	$ 113,375
Net income				1,085				1,085
Other comprehensive income, net of tax							1,970	1,970	[1]
Stock based compensation			171					171
Options exercised			1					1
Balance at Mar. 31, 2016		384	153,069	(31,748)	(3,725)	(183)	(1,195)	116,602
Balance at Dec. 31, 2015		384	152,897	(32,833)	(3,725)	(183)	(3,165)	113,375
Other comprehensive income, net of tax	[1]							(4,129)
Balance at Dec. 31, 2016		573	253,570	(27,888)	(3,725)	(183)	(7,294)	215,053
Net income				1,787				1,787
Other comprehensive income, net of tax							650	650	[1]
Stock based compensation			302					302
Conversion of subordinated debt to common stock (36,922 shares)			240					240
Options exercised		1	291					292
Balance at Mar. 31, 2017		$ 574	$ 254,403	$ (26,101)	$ (3,725)	$ (183)	$ (6,644)	$ 218,324
[1]	All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.

Consolidated Statements of Cha9

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Additional Paid-in Capital [Member]
Conversion of subordinated debt, shares (in shares)	36,922
Common Stock [Member]
Options exercised (in shares)	94,800	250
Options exercised (in shares)	94,800	250

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1: Republic First Bancorp, Inc. (the “Company”) is a one one On July 28, 2016, three three 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 federal and state regulations governing virtually all aspects of their activities, including but not limited to, lines of business, liquidity, investments, the payment of dividends and others. Such regulations and the cost of adherence to such regulations can have a significant impact on earnings and financial condition. 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 (“US GAAP”) that are followed to ensure consistent reporting of financial condition, results of operations, and cash flows. All material inter-company transactions have been eliminated. Events occurring subsequent to the date of the balance sheet have been evaluated for potential recognition or disclosure in the consolidated financial statements. 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 10 three March 31, 2017 may December 31, 2017.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
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 Mortgage Banking Activities and Mortgage Loans Held for Sale Loans held for sale are originated and held until sold to permanent investors. On July 28, 2016, 820, Fair Value Measurements and Disclosures The fair value is determined on a recurring basis by utilizing quoted prices from dealers in such securities. Gains and losses on loan sales are recorded in non-interest income and direct loan origination costs are recognized when incurred and are included in non-interest expense in the statements of income. Interest Rate Lock Commitments (“IRLCs”) Mortgage loan commitments known as interest rate locks that relate to the origination of a mortgage that will be held for sale upon funding are considered derivative instruments under the derivatives and hedging accounting guidance FASB ASC 815, Derivatives and Hedging 30 90 11 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, (see “Note 7” In estimating the allowance for loan losses, management considers current economic conditions, past loss experience, diversification of the loan portfolio, delinquency statistics, results of internal loan reviews and regulatory examinations, borrowers’ perceived financial and managerial strengths, the adequacy of underlying collateral, if collateral dependent, or present value of future cash flows, and other relevant and qualitative risk factors. Subsequent to foreclosure, an estimate for the carrying value of other real estate owned is normally determined through valuations that are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less the cost to sell. 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 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 portion of the decline related to credit impairment is charged to earnings. In evaluating the Company’s ability to recover deferred tax assets, management considers all available positive and negative evidence, including the past operating results and forecasts of future taxable income. In determining future taxable income, management makes assumptions for the amount of taxable income, the reversal of temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require management to make judgments about the future taxable income and are consistent with the plans and estimates used to manage the business. Any reduction in estimated future taxable income may Stock-Based Compensation The Company has a Stock Option and Restricted Stock Plan (“the 2005 2005 November 14, 1995, 2005 2005 1.5 2005 1.5 March 31, 2017, 2005 2005 2005 one four 10 2005 November 14, 2015 On April 29, 2014 2014 “2014 may 2014 2.6 10% may March 31, 2017, 2014 5.9 three March 31, 2017, 893,000 2014 $3,122,517. 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 the three March 31, 2017 2016 201 7 201 6 Dividend yield (1) 0.0% 0.0% Expected volatility (2) 45.50% to 50.09% 47.59% to 52.54% Risk-free interest rate (3) 1.89% to 2.26% 1.23% to 1.82% Expected life (4) 5.5 to 7.0 5.5 to 7.0 Assumed forfeiture rate (5) 6.0% 10.0% (1) A dividend yield of 0.0% (2) Expected volatility is based on Bloomberg’s five one seven (3) The risk-free interest rate is based on the five seven (4) The expected life reflects a 1 4 ten ( 5 ) Forfeiture rate is determined through forfeited and expired options as a percentage of options granted over the current three During the three March 31, 2017 2016, 478,374 470,300 March 31, 2017, 3,121,500 $10,534,698, 1,423,648 $6,685,120. March 31, 2016, 2,491,175 $1,985,387, 1,236,949 $1,252,381. three March 31, 2017, 94,800 $291,981 9,600 $43,581. three March 31, 2016, 250 $488 6,050 $0. Information regarding stock based compensation for the three March 31, 2017 2016 201 7 201 6 Stock based compensation expense recognized $ 302,000 $ 171,000 Number of unvested stock options 1,697,852 1,254,226 Fair value of unvested stock options $ 4,583,209 $ 2,418,303 Amount remaining to be recognized as expense $ 3,935,014 $ 1,690,057 The remaining unrecognized expense amount of $3,935,014 February 2021. Earnings per Share Earnings per share (“EPS”) consist of two 2008. three March 31, 2017 2016, The calculation of EPS for the three March 31, 2017 2016 Three Months Ended March 31, 2017 2016 Net income - basic and diluted $ 1,787 $ 1,085 Weighted average shares outstanding 56,824 37,837 Net income per share – basic $ 0.03 $ 0.03 Weighted average shares outstanding (including dilutive CSEs) 58,048 38,269 Net income per share – diluted $ 0.03 $ 0.03 The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per common share because to do so would have been anti-dilutive for the periods presented. Three Months Ended March 31, (in thousands) 2017 2016 Anti-dilutive securities Share based compensation awards 1,897 2,059 Convertible securities 1,625 1,662 Total anti-dilutive securities 3,522 3,721 During the three March 31, 2017, $240,000 36,922 Recent Accounting Pronouncements ASU 2014 09 In May 2014, 2014 09, 660): 606) 340 40).” 605, December 15, 2016. December 15, 2017. August 2015, 2015 14, Revenue from Contracts with The Company (Topic 606): December 15, 2017, ASU 2016 01 In January 2016, 2016 01, Financial Instruments - Overall. (1) (2) (3) (4) (5) (6) (7) December 15, 2017, ASU 2016 02 In February 2016, 2016 02, Leases. 12 December 15, 2018, ASU 2016 09 In March 2016, 2016 09, 2016 09 2016 09 2016 09 January 1, 2017. ASU 2016 13 In June 2016, 2016 13, 326): December 15, 2019. 2016 13 ASU 2016 15 In August 2016, 2016 15, 230). January 1, 2018, ASU- 2017 01 In January 2017, 2017 01, 805). 805. 805 141(R), 805). December 15, 2017, December 15, 2018, December 15, 2019. 2017 01 ASU 2017 04 In January 2017, 2017 04, 2 December 15, 2019. 2017 04 ASU 2017 08 In March 2017, 2017 08, December 15, 2018. December 15, 2019, December 15, 2020. The Company has not yet determined the impact the adoption of ASU 2017 08

Note 3 - Legal Proceedings

Note 3 - Legal Proceedings	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
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	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	Note 4: one

Note 5 - Investment Securities

Note 5 - Investment Securities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
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 March 31, 2017 December 31, 2016 At March 31, 201 7 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 222,278 $ 99 $ (4,761 ) $ 217,616 Agency mortgage-backed securities 37,273 24 (1,267 ) 36,030 Municipal securities 27,727 255 (342 ) 27,640 Corporate bonds 66,698 98 (2,515 ) 64,281 Asset-backed securities 14,975 - (175 ) 14,800 Trust preferred securities 3,063 - (1,102 ) 1,961 Total securities available for sale $ 372,014 $ 476 $ (10,162 ) $ 362,328 U.S. Government agencies $ 97,177 $ 31 $ (2,430 ) $ 94,778 Collateralized mortgage obligations 196,461 644 (2,788 ) 194,317 Agency mortgage-backed securities 127,192 - (3,608 ) 123,584 Other securities 1,020 - - 1,020 Total securities held to maturity $ 421,850 $ 675 $ (8,826 ) $ 413,699 At December 31, 201 6 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 230,252 $ 145 $ (5,632 ) $ 224,765 Agency mortgage-backed securities 37,973 32 (1,295 ) 36,710 Municipal securities 26,825 151 (429 ) 26,547 Corporate bonds 66,718 8 (1,978 ) 64,748 Asset-backed securities 15,565 - (416 ) 15,149 Trust preferred securities 3,063 - (1,243 ) 1,820 Total securities available for sale $ 380,396 $ 336 $ (10,993 ) $ 369,739 U.S. Government agencies $ 98,538 $ 8 $ (2,238 ) $ 96,308 Collateralized mortgage obligations 202,990 793 (2,553 ) 201,230 Agency mortgage-backed securities 129,951 1 (3,327 ) 126,625 Other securities 1,020 - - 1,020 Total securities held to maturity $ 432,499 $ 802 $ (8,118 ) $ 425,183 The following table presents investment securities by stated maturity at March 31, 2017. Available for Sale Held to Maturity (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in 1 year or less $ 650 $ 651 $ - $ - After 1 year to 5 years 13,088 13,247 4,408 4,376 After 5 years to 10 years 73,254 70,702 93,789 91,422 After 10 years 25,471 24,082 - - Collateralized mortgage obligations 222,278 217,616 196,461 194,317 Agency mortgage-backed securities 37,273 36,030 127,192 123,584 Total $ 372,014 $ 362,328 $ 421,850 $ 413,699 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 March 31, 2017 December 31, 2016. no 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. An other-than-temporary impairment (“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 that is attributed to credit deterioration. 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) for investment securities classified available for sale. There were no three March 31, 2017 $1,000 three March 31, 2016. The following table presents a roll-forward of the balance of credit-related impairment losses on securities held at March 31, 2017 2016 (dollars in thousands) 201 7 201 6 Beginning Balance, January 1 st $ 937 $ 930 Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized - 1 Ending Balance, March 31 st $ 937 $ 931 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 March 31, 2017 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 $ 194,126 $ 4,512 $ 7,264 $ 249 $ 201,390 $ 4,761 Agency mortgage-backed securities 32,174 1,231 2,973 36 35,147 1,267 Municipal securities 9,598 342 - - 9,598 342 Corporate bonds 19,546 454 35,934 2,061 55,480 2,515 Asset backed securities - - 14,800 175 14,800 175 Trust preferred securities - - 1,961 1,102 1,961 1,102 Total Available for Sale $ 255,444 $ 6,539 $ 62,932 $ 3,623 $ 318,376 $ 10,162 At March 31, 2017 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 $ 86,540 $ 2,398 $ 3,355 $ 32 $ 89,895 $ 2,430 Collateralized mortgage obligations 124,180 2,356 20,325 432 144,505 2,788 Agency mortgage-backed securities 123,584 3,608 - - 123,584 3,608 Total Held to Maturity $ 334,304 $ 8,362 $ 23,680 $ 464 $ 357,984 $ 8,826 At December 31 , 201 6 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 $ 192,308 $ 5,380 $ 7,579 $ 252 $ 199,887 $ 5,632 Agency mortgage-backed securities 29,916 1,260 3,199 35 33,115 1,295 Municipal securities 15,414 429 - - 15,414 429 Corporate bonds 32,257 1,708 10,726 270 42,983 1,978 Asset backed securities - - 15,149 416 15,149 416 Trust preferred securities - - 1,820 1,243 1,820 1,243 Total Available for Sale $ 269,895 $ 8,777 $ 38,473 $ 2,216 $ 308,368 $ 10,993 At December 31 , 201 6 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 $ 67,725 $ 2,198 $ 3,586 $ 40 $ 71,311 $ 2,238 Collateralized mortgage obligations 108,974 2,469 8,572 84 117,546 2,553 Agency mortgage-backed securities 97,725 3,327 - - 97,725 3,327 Total Held to Maturity $ 274,424 $ 7,994 $ 12,158 $ 124 $ 286,582 $ 8,118 Unrealized losses on securities in the investment portfolio amounted to $19.0 $676.4 March 31, 2017 $19.1 $595.0 December 31, 2016. The Company held ten fifty five twenty three March 31, 2017. March 31, 2017. 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 March 31, 2017, fifteen At March 31, 2017, two March 31, 2017, seven The unrealized losses on the trust preferred securities are primarily the result of the secondary March 31, 2017. (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 Conditional Default Rates for 2018 and beyond Cumulative OTTI Life to Date TPREF Funding II Class B Notes $ 725 $ 428 $ (297 ) C 19 29 % 0.41 % $ 274 TPREF Funding III Class B2 Notes 1,518 956 (562 ) C 15 28 0.42 483 ALESCO Preferred Funding V Class C1 Notes 820 577 (243 ) C 40 15 0.43 180 Total $ 3,063 $ 1,961 $ (1,102 ) 74 24 % $ 937 No three March 31, 2017. three March 31, 2016, $54.7 $320,000 $24,000 three March 31, 2016 $106,000.

Note 6 - Loans Receivable and A

Note 6 - Loans Receivable and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Allowance for Credit Losses [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 March 31, 2017 December 31, 2016: (dollars in thousands) March 31, 2017 December 31, 2016 Commercial real estate $ 394,840 $ 378,519 Construction and land development 78,636 61,453 Commercial and industrial 188,873 174,744 Owner occupied real estate 273,996 276,986 Consumer and other 67,402 63,660 Residential mortgage 22,652 9,682 Total loans receivable 1,026,399 965,044 Deferred costs (fees) (256 ) (72 ) Allowance for loan losses (9,181 ) (9,155 ) Net loans receivable $ 1,016,962 $ 955,817 The Company disaggregates its loan portfolio into groups of loans with similar risk characteristics for purposes of estimating the allowance for loan losses. The Company’s loan groups include commercial real estate, construction and land development, commercial and industrial, owner occupied real estate, consumer, and residential mortgages. The loan groups are also considered classes for purposes of monitoring and assessing credit quality based on certain risk characteristics. 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 March 31, 2017 2016: (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 March 31, 2017 Allowance for loan losses: Beginning balance: $ 3,254 $ 557 $ 2,884 $ 1,382 $ 588 $ 58 $ 432 $ 9,155 Charge-offs - - - (8 ) (2 ) - - (10 ) Recoveries 7 - 29 - - - - 36 Provisions (credits) (299 ) (11 ) (143 ) 253 (11 ) 72 139 - Ending balance $ 2,962 $ 546 $ 2,770 $ 1,627 $ 575 $ 130 $ 571 $ 9,181 Three months ended March 31, 2016 Allowance for loan losses: Beginning balance: $ 2,393 $ 338 $ 2,932 $ 2,030 $ 295 $ 14 $ 701 $ 8,703 Charge-offs - - (18 ) (28 ) - - - (46 ) Recoveries - - 72 - - - - 72 Provisions (credits) (348 ) 76 (44 ) 89 17 (3 ) 513 300 Ending balance $ 2,045 $ 414 $ 2,942 $ 2,091 $ 312 $ 11 $ 1,214 $ 9,029 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 March 31, 2017 December 31, 2016: (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total March 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 1,305 $ - $ 1,758 $ 297 $ 262 $ - $ - $ 3,622 Collectively evaluated for impairment 1,657 546 1,012 1,330 313 130 571 5,559 Total allowance for loan losses $ 2,962 $ 546 $ 2,770 $ 1,627 $ 575 $ 130 $ 571 $ 9,181 Loans receivable: Loans evaluated individually $ 18,854 $ - $ 5,287 $ 3,475 $ 1,272 $ - $ - $ 28,888 Loans evaluated collectively 375,986 78,636 183,586 270,521 66,130 22,652 - 997,511 Total loans receivable $ 394,840 $ 78,636 $ 188,873 $ 273,996 $ 67,402 $ 22,652 $ - $ 1,026,399 (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, 2016 Allowance for loan losses: Individually evaluated for impairment $ 1,277 $ - $ 1,624 $ 274 $ 293 $ - $ - $ 3,468 Collectively evaluated for impairment 1,977 557 1,260 1,108 295 58 432 5,687 Total allowance for loan losses $ 3,254 $ 557 $ 2,884 $ 1,382 $ 588 $ 58 $ 432 $ 9,155 Loans receivable: Loans evaluated individually $ 19,245 $ - $ 5,180 $ 2,325 $ 1,290 $ 130 $ - $ 28,170 Loans evaluated collectively 359,274 61,453 169,564 274,661 62,370 9,552 - 936,874 Total loans receivable $ 378,519 $ 61,453 $ 174,744 $ 276,986 $ 63,660 $ 9,682 $ - $ 965,044 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 March 31, 2017 December 31, 2016: March 31, 2017 December 31, 2016 (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 $ 12,234 $ 12,235 $ - $ 12,347 $ 12,348 $ - Construction and land development - - - - - - Commercial and industrial 1,907 3,067 - 1,955 3,111 - Owner occupied real estate 1,631 1,742 - 621 733 - Consumer and other 817 1,115 - 687 976 - Residential mortgage - - - 130 130 - Total $ 16,589 $ 18,159 $ - $ 15,740 $ 17,298 $ - With an allowance recorded: Commercial real estate $ 6,620 $ 6,634 $ 1,305 $ 6,898 $ 6,912 $ 1,277 Construction and land development - - - - - - Commercial and industrial 3,380 6,047 1,758 3,225 5,892 1,624 Owner occupied real estate 1,844 1,844 297 1,704 1,704 274 Consumer and other 455 481 262 603 627 293 Residential mortgage - - - - - - Total $ 12,299 $ 15,006 $ 3,622 $ 12,430 $ 15,135 $ 3,468 Total: Commercial real estate $ 18,854 $ 18,869 $ 1,305 $ 19,245 $ 19,260 $ 1,277 Construction and land development - - - - - - Commercial and industrial 5,287 9,114 1,758 5,180 9,003 1,624 Owner occupied real estate 3,475 3,586 297 2,325 2,437 274 Consumer and other 1,272 1,596 262 1,290 1,603 293 Residential mortgage - - - 130 130 - Total $ 28,888 $ 33,165 $ 3,622 $ 28,170 $ 32,433 $ 3,468 The following table presents additional information regarding the Company’s impaired loans for the three March 31, 2017 2016: Three Months Ended March 31 , 2017 201 6 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 12,290 $ 70 $ 11,589 $ 65 Construction and land development - - 117 - Commercial and industrial 1,931 8 1,998 10 Owner occupied real estate 1,126 12 483 1 Consumer and other 752 3 829 3 Residential mortgage 65 1 - - Total $ 16,164 $ 94 $ 15,016 $ 79 With an allowance recorded: Commercial real estate $ 6,759 $ 5 $ 508 $ 8 Construction and land development - - - - Commercial and industrial 3,303 17 3,110 19 Owner occupied real estate 1,774 6 2,830 6 Consumer and other 529 4 213 2 Residential mortgage - - - - Total $ 12,365 $ 32 $ 6,661 $ 35 Total: Commercial real estate $ 19,049 $ 75 $ 12,097 $ 73 Construction and land development - - 117 - Commercial and industrial 5,234 25 5,108 29 Owner occupied real estate 2,900 18 3,313 7 Consumer and other 1,281 7 1,042 5 Residential mortgage 65 1 - - Total $ 28,529 $ 126 $ 21,677 $ 114 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 March 31, 2017 December 31, 2016: (dollars in thousands) 30-59 Days Pas t Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Loans Receivable > 90 Days and Accruing At March 31 , 201 7 Commercial real estate $ - $ 6 $ 12,733 $ 12,739 $ 382,101 $ 394,840 $ - Construction and land development - - - - 78,636 78,636 - Commercial and industrial 1,009 434 3,299 4,742 184,131 188,873 - Owner occupied real estate 1,174 - 1,690 2,864 271,132 273,996 - Consumer and other 23 24 807 854 66,548 67,402 - Residential mortgage - - - - 22,652 22,652 - Total $ 2,206 $ 464 $ 18,529 $ 21,199 $ 1,005,200 $ 1,026,399 $ - (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 6 Commercial real estate $ - $ 9 $ 13,089 $ 13,098 $ 365,421 $ 378,519 $ - Construction and land development - - - - 61,453 61,453 - Commercial and industrial 568 - 3,151 3,719 171,025 174,744 - Owner occupied real estate 468 - 1,718 2,186 274,800 276,986 172 Consumer and other 24 22 808 854 62,806 63,660 - Residential mortgage - - 130 130 9,552 9,682 130 Total $ 1,060 $ 31 $ 18,896 $ 19,987 $ 945,057 $ 965,044 $ 302 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 March 31, 2017 December 31, 2016: (dollars in thousands) Pass Special Mention Substandard Doubtful Total At March 31, 2017 : Commercial real estate $ 380,763 $ 863 $ 13,214 $ - $ 394,840 Construction and land development 78,636 - - - 78,636 Commercial and industrial 182,990 596 3,858 1,429 188,873 Owner occupied real estate 270,521 - 3,475 - 273,996 Consumer and other 66,130 - 1,272 - 67,402 Residential mortgage 22,524 128 - - 22,652 Total $ 1,001,564 $ 1,587 $ 21,819 $ 1,429 $ 1,026,399 (dollars in thousands) Pass Special Mention Substandard Doubtful Total At December 31, 2016 : Commercial real estate $ 364,066 $ 877 $ 13,576 $ - $ 378,519 Construction and land development 61,453 - - - 61,453 Commercial and industrial 168,958 606 3,751 1,429 174,744 Owner occupied real estate 274,150 511 2,325 - 276,986 Consumer and other 62,370 - 1,290 - 63,660 Residential mortgage 9,552 - 130 - 9,682 Total $ 940,549 $ 1,994 $ 21,072 $ 1,429 $ 965,044 The following table shows non-accrual loans by class as of March 31, 2017 December 31, 2016: (dollars in thousands) March 31, 2017 December 31, 201 6 Commercial real estate $ 12,733 $ 13,089 Construction and land development - - Commercial and industrial 3,299 3,151 Owner occupied real estate 1,690 1,546 Consumer and other 807 808 Residential mortgage - - Total $ 18,529 $ 18,594 If these loans were performing under their original contractual rate, interest income on such loans would have increased approximately $276,000 $200,000 three March 31, 2017 2016, 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 The following table summarizes the balance of outstanding TDRs at March 31, 2017 December 31, 2016: (dollars in thousands) Number of Loans Accrual Status Non- Accrual Status Total TDRs March 31, 2017 Commercial real estate 2 $ 5,640 $ 6,129 $ 11,769 Construction and land development - - - - Commercial and industrial 2 222 349 571 Owner occupied real estate - - - - Consumer and other - - - - Residential mortgage - - - - Total 4 $ 5,862 $ 6,478 $ 12,340 December 31, 201 6 Commercial real estate 1 $ 5,669 $ - $ 5,669 Construction and land development - - - - Commercial and industrial 2 228 349 577 Owner occupied real estate - - - - Consumer and other - - - - Residential mortgage - - - - Total 3 $ 5,897 $ 349 $ 6,246 All TDRs are considered impaired and are therefore individually evaluated for impairment in the calculation of the allowance for loan losses. Some TDRs may The Company modified one $6.1 three March 31, 2017. second 2015 tenant There were no three March 31, 2016 There were no March 31, 2017 December 31, 2016. $59,000 $126,000 March 31, 2017 December 31, 2016. After a loan is determined to be a TDR, the Company continues to track its performance under the most recent restructured terms. There were no three March 31, 2017. no December 31, 2016.

Note 7 - Fair Value of Financia

Note 7 - Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
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 sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-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 The Company follows the guidance issued under ASC 820, Fair Value Measurement , ASC 820 1 3 three 820 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 March 31, 2017 December 31, 2016 (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 March 31 , 201 7 Assets: Collateralized mortgage obligations $ 217,616 $ - $ 217,616 $ - Agency mortgage-backed securities 36,030 - 36,030 - Municipal securities 27,640 - 27,640 - Corporate bonds 64,281 - 61,257 3,024 Asset-backed securities 14,800 - 14,800 - Trust Preferred Securities 1,961 - - 1,961 Securities Available for Sale $ 362,328 $ - $ 357,343 $ 4,985 Mortgage Loans Held for Sale $ 19,753 $ - $ 19,753 $ - SBA Servicing Assets 5,298 - - 5,298 Interest Rate Lock Commitments 831 - 831 - Best Efforts Forward Loan Sales Commitments 3 - 3 - Mandatory Forward Loan Sales Commitments 8 - 8 - Liabilities: Interest Rate Lock Commitments 7 - 7 - Best Efforts Forward Loan Sales Commitments 270 - 270 - Mandatory Forward Loan Sales Commitments 125 - 125 - December 31, 201 6 Assets: Collateralized mortgage obligations $ 224,765 $ - $ 224,765 $ - Agency mortgage-backed securities 36,710 - 36,710 - Municipal securities 26,547 - 26,547 - Corporate bonds 64,748 - 61,777 2,971 Asset-backed securities 15,149 - 15,149 - Trust Preferred Securities 1,820 - - 1,820 Securities Available for Sale $ 369,739 $ - $ 364,948 $ 4,791 Mortgage Loans Held for Sale $ 23,911 $ - $ 23,911 $ - SBA Servicing Assets 5,352 - - 5,352 Interest Rate Lock Commitments 439 - 439 - Best Efforts Forward Loan Sales Commitments 103 - 103 - Mandatory Forward Loan Sales Commitments 229 - 229 - Liabilities: Interest Rate Lock Commitments 55 - 55 - Best Efforts Forward Loan Sales Commitments 125 - 125 - Mandatory Forward Loan Sales Commitments 38 - 38 - The following table presents an analysis of the activity in the SBA servicing assets for the three March 31, 2017 2016 : Three Months Ended March 31, (dollars in thousands) 201 7 201 6 Beginning balance $ 5,352 $ 4,886 Additions 211 242 Fair value adjustments (265 ) (70 ) Ending balance $ 5,298 $ 5,058 Fair value adjustments are recorded as loan advisory and servicing fees on the statement of income. Servicing fee income, not including fair value adjustments, totaled $433,000 $434,000 three March 31, 2017 2016, 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) three March 31, 2017 2016: Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Level 3 Investments Only (dollars in thousands) Trust Preferred Securities Corporate Bonds Trust Preferred Securities Corporate Bonds Balance, January 1 st $ 1,820 $ 2,971 $ 1,883 $ 2,834 Unrealized (losses) gains 141 53 (24 ) 10 Paydowns - - - - Proceeds from sales - - - - Realized (losses) gains - - - - Impairment charges on Level 3 - - (1 ) - Balance, March 31 st $ 1,961 $ 3,024 $ 1,858 $ 2,844 For assets measured at fair value on a nonrecurring basis, the fair value measurements by level within the fair value hierarchy used at March 31, 2017 December 31, 2016 (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 March 31, 2017 Impaired loans $ 8,677 $ - $ - $ 8,677 Other real estate owned 496 - - 496 December 31, 2016 Impaired loans $ 9,110 $ - $ - $ 9,110 Other real estate owned 8,563 - - 8,563 The table below presents additional quantitative information about level 3 Quantitative Information about Level 3 Fair Value Measurements Asset Description Fair Value Valuation Technique Unobservable Input Range (Weighted Average) March 31, 201 7 Corporate bonds $ 3,024 Discounted Cash Flows Discount Rate (5.06%) Trust preferred securities $ 1,961 Discounted Cash Flows Discount Rate 8.13% - 8.63% (8.36%) SBA servicing assets $ 5,298 Discounted Cash Flows Conditional Prepayment Rate (6.58%) Discount Rate (10.00%) Impaired loans $ 8,677 Appraised Value of Collateral (1) Liquidation expenses (2) 10% - 23% (12%) (3) Other real estate owned $ 496 Appraised Value of Collateral (1) Liquidation expenses (2) 7% - 20% (9%) (3) Sales Price Liquidation expenses (2) 7% - 8% (7%) (3) December 31, 201 6 Corporate bonds $ 2,971 Discounted Cash Flows Discount Rate (4.68%) Trust preferred securities $ 1,820 Discounted Cash Flows Discount Rate 8.85% - 9.35% (9.08%) SBA servicing assets $ 5,352 Discounted Cash Flows Conditional Prepayment Rate (6.12%) Discount Rate (10.00%) Impaired loans $ 9,110 Appraised Value of Collateral (1) Liquidation expenses (2) 7% - 20% (11%) (3) Sales Price Liquidation expenses (2) (7%) (3) Other real estate owned $ 8,563 Appraised Value of Collateral (1) Liquidation expenses (2) 5% - 76% (17%) (3) Sales Price Liquidation expenses (2) 7% - 8% (7%) (3) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which include Level 3 (2) Appraisals may (3) 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. 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 March 31, 2017 December 31, 2016. 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), 2), 3). 3 3 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 2 820 10, Level 3 may 3 third 3 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 3 secondary secondary An independent, third March 31, 2017 December 31, 2016. 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 secondary Also included in Level 3 2 2010 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. SBA Loans Held For Sale (Carried at Lower of Cost or Fair Value) The fair values of SBA loans held for sale is determined, when possible, using quoted secondary 3 not three March 31, 2017 December 31, 2016. Mortgage Loans Held for Sale (Carried at Fair Value) The fair value of mortgage loans held for sale is determined by obtaining prices at which they could be sold in the principal market at the measurement date and are classified within Level 2 2016, December 31, 2016. $129,000 three March 31, 2017 $0 three March 31, 2016, The following table reflects the difference between the carrying amount of mortgage loans held for sale, measured at fair value and the aggregate unpaid principal amount that Republic is contractually entitled to receive at maturity as of March 31, 2017 December 31, 2016 Mortgage loans held for sale Carrying Amount Aggregate Unpaid Principal Balance Excess Carrying Amount Over Aggregate Unpaid Principal Balance March 31, 2017 $ 19,753 $ 19,052 $ 701 December 31, 2016 $ 23,911 $ 23,428 $ 483 Republic did not have any mortgage loans held for sale recorded at fair value that were 90 March 31, 2017 December 31, 2016. Interest Rate Lock Commitments (“IRLC”) The fair value of Republic’s IRLC instruments are based upon the underlying loans measured at fair value on a recurring basis and the probability of such commitments being exercised. Due to observable market data inputs used by Republic, IRLCs are classified within Level 2 Best Efforts Forward Loan Sales Commitments Best efforts forward loan sales commitments are classified within Level 2 secondary Mandatory Forward Loan Sales Commitments Fair values for mandatory forward loan sales commitments are based on fair values of the underlying mortgage loans and the probability of such commitments being exercised. Due to the observable inputs used by Republic, best efforts mandatory loan sales commitments are classified within Level 2 Loans Receivable (Carried at Cost) The fair values of loans receivable, excluding all nonaccrual loans and accruing loans deemed impaired with specific loan allowances, 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 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 3 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 March 31, 2017 December 31, 2016, 3 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. An updated fair value is obtained from an independent third 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 March 31, 2017 December 31, 2016, 10% 20% (dollars in thousands) March 3 1 , 201 7 December 31, 201 6 SBA Servicing Asset Fair Value of SBA Servicing Asset $ 5,298 $ 5,352 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) 20.9 21.1 Prepayment Speed 6.58 % 6.12 % Effect on fair value of a 10% increase $ (164 ) $ (161 ) Effect on fair value of a 20% increase (321 ) (316 ) Weighted Average Discount Rate 10.00 % 10.00 % Effect on fair value of a 10% increase $ (220 ) $ (226 ) Effect on fair value of a 20% increase (423 ) (435 ) 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 one may Restricted Stock (Carried at Cost) The carrying amount of restricted stock approximates fair value, and considers the limited marketability of such securities. Restricted stock is classified within Level 2 Accrued Interest Receivable and Payable (Carried at Cost) The carrying amounts of accrued interest receivable and accrued interest payable approximates fair value and are classified within Level 2 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. Deposit liabilities are classified within Level 2 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 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 March 31, 2017. Fair Value Measurements at March 31, 2017 (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 $ 36,591 $ 36,591 $ 36,591 $ - $ - Investment securities available for sale 362,328 362,328 - 357,343 4,985 Investment securities held to maturity 421,850 413,699 - 413,699 - Restricted stock 1,366 1,366 - 1,366 - Loans held for sale 25,098 25,237 - 19,753 5,484 Loans receivable, net 1,016,962 995,394 - - 995,394 SBA servicing assets 5,298 5,298 - - 5,298 Accrued interest receivable 5,987 5,987 - 5,987 - Interest rate lock commitments 831 831 - 831 - Best efforts forward loan sales commitments 3 3 - 3 - Mandatory forward loan sales commitments 8 8 - 8 - Financial liabilities: Deposits Demand, savings and money market $ 1,614,079 $ 1,614,079 $ - $ 1,614,079 $ - Time 106,433 104,888 - 104,888 - Subordinated debt 21,648 16,927 - - 16,927 Accrued interest payable 490 490 - 490 - Interest rate lock commitments 7 7 - 7 - Best efforts forward loan sales commitments 270 270 - 270 - Mandatory forward loan sales commitments 125 125 - 125 - Off-Balance Sheet Data Commitments to extend credit - - - - - Standby letters-of-credit - - - - - The estimated fair values of the Company’s financial instruments were as follows at December 31, 2016. Fair Value Measurements at December 31, 2016 (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 $ 34,554 $ 34,554 $ 34,554 $ - $ - Investment securities available for sale 369,739 369,739 - 364,948 4,791 Investment securities held to maturity 432,499 425,183 - 425,183 - Restricted stock 1,366 1,366 - 1,366 - Loans held for sale 28,065 28,267 - 23,911 4,356 Loans receivable, net 955,817 937,944 - - 937,944 SBA servicing assets 5,352 5,352 - - 5,352 Accrued interest receivable 5,497 5,497 - 5,497 - Interest rate lock commitments 439 439 - 439 - Best efforts forward loan sales commitments 103 103 - 103 - Mandatory forward loan sales commitments 229 229 - 229 - Financial liabilities: Deposits Demand, savings and money market $ 1,566,506 $ 1,566,506 $ - $ 1,566,506 $ - Time 111,164 110,988 - 110,988 - Subordinated debt 21,881 16,286 - - 16,286 Accrued interest payable 444 444 - 444 - Interest rate lock commitments 55 55 - 55 - Best efforts forward loan sales commitments 125 125 - 125 - Mandatory forward loan sales commitments 38 38 - 38 - Off-Balance Sheet Data Commitments to extend credit - - - - - Standby letters-of-credit - - - - -

Note 8 - Changes in Accumulated

Note 8 - Changes in Accumulated Other Comprehensive Income (Loss) By Component (1)	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 8: (1) The following table presents the changes in accumulated other comprehensive loss by component for the three March 31, 2017 2016, December 31, 2016. Unrealized Gains (Losses) on Available- For-Sale Securities Unrealized Holding Losses on Securities Transferred From Available-For-Sale To Held-To-Maturity Total (dollars in thousands) Balance January 1, 2017 $ (6,831 ) $ (463 ) $ (7,294 ) Unrealized gain on securities 623 - 623 Amounts reclassified from accumulated other comprehensive income to net income (2) - 27 27 Net current-period other comprehensive income 623 27 650 Balance March 31, 2017 $ (6,208 ) $ (436 ) $ (6,644 ) Balance January 1, 2016 $ (2,562 ) $ (603 ) $ (3,165 ) Unrealized gain on securities 2,122 - 2,122 Amounts reclassified from accumulated other comprehensive income to net income (2) (189 ) 37 (152 ) Net current-period other comprehensive income 1,933 37 1,970 Balance March 31, 2016 $ (629 ) $ (566 ) $ (1,195 ) Balance January 1, 2016 $ (2,562 ) $ (603 ) $ (3,165 ) Unrealized gain on securities (3,853 ) - (3,853 ) Amounts reclassified from accumulated other comprehensive income to net income (2) (416 ) 140 (276 ) Net current-period other comprehensive income (4,269 ) 140 (4,129 ) Balance December 31, 2016 $ (6,831 ) $ (463 ) $ (7,294 ) (1) All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income. (2) Reclassification amounts are reported as gains on sales of investment securities, impairment losses, and amortization of net unrealized losses on the Consolidated Statement of Operations.

Note 9 - Business Combination

Note 9 - Business Combination	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 9: Oak Mortgage Company, LLC On July 28, 2016, $7.1 $1.0 one In connection with the Oak Mortgage acquisition, the following table details the consideration paid, the initial estimated fair value of identifiable assets acquired and liabilities assumed as of the date of the acquisition, the subsequent adjustments to estimates, the final valuation of the fair value of identifiable assets acquired and liabilities assumed as of the date of the acquisition, and the resulting goodwill recorded (in thousands): Consideration paid: Original Estimates Adjustments to Estimates Final Valuation Cash $ 7,136 $ - $ 7,136 Equity instruments 202 - 202 Deferred additional purchase price 500 - 500 Value of consideration $ 7,838 $ - $ 7,838 Assets acquired: Cash and cash equivalents $ 1,223 $ - $ 1,223 Loans held for sale 20,871 - 20,871 Loans receivable 1,132 - 1,132 Premises and equipment 103 - 103 Derivative assets 1,508 - 1,508 Intangible assets – non compete agreements 104 - 104 Other assets 125 - 125 Total assets 25,066 - 25,066 Liabilities assumed: Warehouse lines of credit 19,666 - 19,666 Derivative liabilities 412 - 412 Other liabilities 2,042 119 2,161 Total liabilities 22,120 119 22,239 Net assets acquired 2,946 (119 ) 2,827 Goodwill resulting from acquisition of Oak Mortgage $ 4,892 $ 119 $ 5,011 An adjustment was made to other liabilities which affected goodwill resulting from the acquisition of Oak Mortgage. As of December 31, 2016, The following table presents unaudited pro forma information, in thousands, as if the acquisition of Oak Mortgage by the Company had been completed on January 1, 2016. 2016. (dollars in thousands) Three Months Ended March 31, 2016 Total revenues $ 17,460 Net income $ 1,484

Note 10 - Goodwill and Other In

Note 10 - Goodwill and Other Intangibles	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 10: Goodwill and Other Intangibles The Company’s goodwill and intangible assets related to the acquisition of Oak Mortgage in July 2016 (dollars in thousands) Balance December 31, 201 6 Additions/ Adjustments Amortization Balance March 3 1, 2017 Amortization Period (in years) Goodwill $ 5,011 $ - $ - $ 5,011 Indefinite Non-compete agreements 61 - (26 ) 35 1 Total $ 5,072 $ - $ (26 ) $ 5,046

Note 11 - Derivatives and Risk

Note 11 - Derivatives and Risk Management Activities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 11: Derivatives and Risk Management Activities Republic did not have any derivative instruments designated as hedging instruments, or subject to master netting and collateral agreements for the three March 31, 2017 three March 31, 2016. March 31, 2017 December 31, 2016 March 31, 2017 Balance Sheet Presentation Fair Value Notional Amount Asset derivatives: IRLC’s Other Assets $ 831 $ 33,875 Best efforts forward loan sales commitments Other Assets 3 2,467 Mandatory forward loan sales commitments Other Assets 8 2,500 Liability derivatives: IRLC’s Other Liabilities $ 7 $ 3,882 Best efforts forward loan sales commitments Other Liabilities 270 35,290 Mandatory forward loan sales commitments Other Liabilities 125 16,527 December 31, 2016 Balance Sheet Presentation Fair Value Notional Amount Asset derivatives: IRLC’s Other Assets $ 439 $ 20,792 Best efforts forward loan sales commitments Other Assets 103 8,586 Mandatory forward loan sales commitments Other Assets 229 18,373 Liability derivatives: IRLC’s Other Liabilities $ 55 $ 6,757 Best efforts forward loan sales commitments Other Liabilities 125 18,963 Mandatory forward loan sales commitments Other Liabilities 38 5,024 The following table summarizes the amounts recorded in Republic’s statement of income for derivative instruments not designated as hedging instruments for the three March 31, 2017 Three Months Ended March 31, 201 7 Income Statement Presentation Gain/(Loss) Asset derivatives: IRLC’s Mortgage banking income $ 392 Best efforts forward loan sales commitments Mortgage banking income (100 ) Mandatory forward loan sales commitments Mortgage banking income (221 ) Liability derivatives: IRLC’s Mortgage banking income $ 48 Best efforts forward loan sales commitments Mortgage banking income (145 ) Mandatory forward loan sales commitments Mortgage banking income (87 ) There was no three March 31, 2016. The fair value of Republic’s IRLCs, best efforts forward loan sales commitments, and mandatory forward loan sales commitments are based upon the estimated value of the underlying mortgage loan (determined consistent with “Loans Held for Sale”), adjusted for (1) (2)

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
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
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block]	Mortgage Banking Activities and Mortgage Loans Held for Sale Loans held for sale are originated and held until sold to permanent investors. On July 28, 2016, 820, Fair Value Measurements and Disclosures The fair value is determined on a recurring basis by utilizing quoted prices from dealers in such securities. Gains and losses on loan sales are recorded in non-interest income and direct loan origination costs are recognized when incurred and are included in non-interest expense in the statements of income.
Derivatives, Policy [Policy Text Block]	Interest Rate Lock Commitments (“IRLCs”) Mortgage loan commitments known as interest rate locks that relate to the origination of a mortgage that will be held for sale upon funding are considered derivative instruments under the derivatives and hedging accounting guidance FASB ASC 815, Derivatives and Hedging 30 90 11
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, (see “Note 7” In estimating the allowance for loan losses, management considers current economic conditions, past loss experience, diversification of the loan portfolio, delinquency statistics, results of internal loan reviews and regulatory examinations, borrowers’ perceived financial and managerial strengths, the adequacy of underlying collateral, if collateral dependent, or present value of future cash flows, and other relevant and qualitative risk factors. Subsequent to foreclosure, an estimate for the carrying value of other real estate owned is normally determined through valuations that are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less the cost to sell. 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 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 portion of the decline related to credit impairment is charged to earnings. In evaluating the Company’s ability to recover deferred tax assets, management considers all available positive and negative evidence, including the past operating results and forecasts of future taxable income. In determining future taxable income, management makes assumptions for the amount of taxable income, the reversal of temporary differences and the implementation of feasible and prudent tax planning strategies. These assumptions require management to make judgments about the future taxable income and are consistent with the plans and estimates used to manage the business. Any reduction in estimated future taxable income may
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 2005 November 14, 1995, 2005 2005 1.5 2005 1.5 March 31, 2017, 2005 2005 2005 one four 10 2005 November 14, 2015 On April 29, 2014 2014 “2014 may 2014 2.6 10% may March 31, 2017, 2014 5.9 three March 31, 2017, 893,000 2014 $3,122,517. 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 the three March 31, 2017 2016 201 7 201 6 Dividend yield (1) 0.0% 0.0% Expected volatility (2) 45.50% to 50.09% 47.59% to 52.54% Risk-free interest rate (3) 1.89% to 2.26% 1.23% to 1.82% Expected life (4) 5.5 to 7.0 5.5 to 7.0 Assumed forfeiture rate (5) 6.0% 10.0% (1) A dividend yield of 0.0% (2) Expected volatility is based on Bloomberg’s five one seven (3) The risk-free interest rate is based on the five seven (4) The expected life reflects a 1 4 ten ( 5 ) Forfeiture rate is determined through forfeited and expired options as a percentage of options granted over the current three During the three March 31, 2017 2016, 478,374 470,300 March 31, 2017, 3,121,500 $10,534,698, 1,423,648 $6,685,120. March 31, 2016, 2,491,175 $1,985,387, 1,236,949 $1,252,381. three March 31, 2017, 94,800 $291,981 9,600 $43,581. three March 31, 2016, 250 $488 6,050 $0. Information regarding stock based compensation for the three March 31, 2017 2016 201 7 201 6 Stock based compensation expense recognized $ 302,000 $ 171,000 Number of unvested stock options 1,697,852 1,254,226 Fair value of unvested stock options $ 4,583,209 $ 2,418,303 Amount remaining to be recognized as expense $ 3,935,014 $ 1,690,057 The remaining unrecognized expense amount of $3,935,014 February 2021.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Earnings per share (“EPS”) consist of two 2008. three March 31, 2017 2016, The calculation of EPS for the three March 31, 2017 2016 Three Months Ended March 31, 2017 2016 Net income - basic and diluted $ 1,787 $ 1,085 Weighted average shares outstanding 56,824 37,837 Net income per share – basic $ 0.03 $ 0.03 Weighted average shares outstanding (including dilutive CSEs) 58,048 38,269 Net income per share – diluted $ 0.03 $ 0.03 The following is a summary of securities that could potentially dilute basic earnings per common share in future periods that were not included in the computation of diluted earnings per common share because to do so would have been anti-dilutive for the periods presented. Three Months Ended March 31, (in thousands) 2017 2016 Anti-dilutive securities Share based compensation awards 1,897 2,059 Convertible securities 1,625 1,662 Total anti-dilutive securities 3,522 3,721 During the three March 31, 2017, $240,000 36,922
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements ASU 2014 09 In May 2014, 2014 09, 660): 606) 340 40).” 605, December 15, 2016. December 15, 2017. August 2015, 2015 14, Revenue from Contracts with The Company (Topic 606): December 15, 2017, ASU 2016 01 In January 2016, 2016 01, Financial Instruments - Overall. (1) (2) (3) (4) (5) (6) (7) December 15, 2017, ASU 2016 02 In February 2016, 2016 02, Leases. 12 December 15, 2018, ASU 2016 09 In March 2016, 2016 09, 2016 09 2016 09 2016 09 January 1, 2017. ASU 2016 13 In June 2016, 2016 13, 326): December 15, 2019. 2016 13 ASU 2016 15 In August 2016, 2016 15, 230). January 1, 2018, ASU- 2017 01 In January 2017, 2017 01, 805). 805. 805 141(R), 805). December 15, 2017, December 15, 2018, December 15, 2019. 2017 01 ASU 2017 04 In January 2017, 2017 04, 2 December 15, 2019. 2017 04 ASU 2017 08 In March 2017, 2017 08, December 15, 2018. December 15, 2019, December 15, 2020. The Company has not yet determined the impact the adoption of ASU 2017 08

Note 2 - Summary of Significa22

Note 2 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	201 7 201 6 Dividend yield (1) 0.0% 0.0% Expected volatility (2) 45.50% to 50.09% 47.59% to 52.54% Risk-free interest rate (3) 1.89% to 2.26% 1.23% to 1.82% Expected life (4) 5.5 to 7.0 5.5 to 7.0 Assumed forfeiture rate (5) 6.0% 10.0%
Share-based Compensation, Activity [Table Text Block]	201 7 201 6 Stock based compensation expense recognized $ 302,000 $ 171,000 Number of unvested stock options 1,697,852 1,254,226 Fair value of unvested stock options $ 4,583,209 $ 2,418,303 Amount remaining to be recognized as expense $ 3,935,014 $ 1,690,057
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2017 2016 Net income - basic and diluted $ 1,787 $ 1,085 Weighted average shares outstanding 56,824 37,837 Net income per share – basic $ 0.03 $ 0.03 Weighted average shares outstanding (including dilutive CSEs) 58,048 38,269 Net income per share – diluted $ 0.03 $ 0.03
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended March 31, (in thousands) 2017 2016 Anti-dilutive securities Share based compensation awards 1,897 2,059 Convertible securities 1,625 1,662 Total anti-dilutive securities 3,522 3,721

Note 5 - Investment Securities

Note 5 - Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Unrealized Gain (Loss) on Investments [Table Text Block]	At March 31, 201 7 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 222,278 $ 99 $ (4,761 ) $ 217,616 Agency mortgage-backed securities 37,273 24 (1,267 ) 36,030 Municipal securities 27,727 255 (342 ) 27,640 Corporate bonds 66,698 98 (2,515 ) 64,281 Asset-backed securities 14,975 - (175 ) 14,800 Trust preferred securities 3,063 - (1,102 ) 1,961 Total securities available for sale $ 372,014 $ 476 $ (10,162 ) $ 362,328 U.S. Government agencies $ 97,177 $ 31 $ (2,430 ) $ 94,778 Collateralized mortgage obligations 196,461 644 (2,788 ) 194,317 Agency mortgage-backed securities 127,192 - (3,608 ) 123,584 Other securities 1,020 - - 1,020 Total securities held to maturity $ 421,850 $ 675 $ (8,826 ) $ 413,699 At December 31, 201 6 (dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Collateralized mortgage obligations $ 230,252 $ 145 $ (5,632 ) $ 224,765 Agency mortgage-backed securities 37,973 32 (1,295 ) 36,710 Municipal securities 26,825 151 (429 ) 26,547 Corporate bonds 66,718 8 (1,978 ) 64,748 Asset-backed securities 15,565 - (416 ) 15,149 Trust preferred securities 3,063 - (1,243 ) 1,820 Total securities available for sale $ 380,396 $ 336 $ (10,993 ) $ 369,739 U.S. Government agencies $ 98,538 $ 8 $ (2,238 ) $ 96,308 Collateralized mortgage obligations 202,990 793 (2,553 ) 201,230 Agency mortgage-backed securities 129,951 1 (3,327 ) 126,625 Other securities 1,020 - - 1,020 Total securities held to maturity $ 432,499 $ 802 $ (8,118 ) $ 425,183
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 $ 650 $ 651 $ - $ - After 1 year to 5 years 13,088 13,247 4,408 4,376 After 5 years to 10 years 73,254 70,702 93,789 91,422 After 10 years 25,471 24,082 - - Collateralized mortgage obligations 222,278 217,616 196,461 194,317 Agency mortgage-backed securities 37,273 36,030 127,192 123,584 Total $ 372,014 $ 362,328 $ 421,850 $ 413,699
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]	(dollars in thousands) 201 7 201 6 Beginning Balance, January 1 st $ 937 $ 930 Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized - 1 Ending Balance, March 31 st $ 937 $ 931
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	At March 31, 2017 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 $ 194,126 $ 4,512 $ 7,264 $ 249 $ 201,390 $ 4,761 Agency mortgage-backed securities 32,174 1,231 2,973 36 35,147 1,267 Municipal securities 9,598 342 - - 9,598 342 Corporate bonds 19,546 454 35,934 2,061 55,480 2,515 Asset backed securities - - 14,800 175 14,800 175 Trust preferred securities - - 1,961 1,102 1,961 1,102 Total Available for Sale $ 255,444 $ 6,539 $ 62,932 $ 3,623 $ 318,376 $ 10,162 At March 31, 2017 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 $ 86,540 $ 2,398 $ 3,355 $ 32 $ 89,895 $ 2,430 Collateralized mortgage obligations 124,180 2,356 20,325 432 144,505 2,788 Agency mortgage-backed securities 123,584 3,608 - - 123,584 3,608 Total Held to Maturity $ 334,304 $ 8,362 $ 23,680 $ 464 $ 357,984 $ 8,826 At December 31 , 201 6 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 $ 192,308 $ 5,380 $ 7,579 $ 252 $ 199,887 $ 5,632 Agency mortgage-backed securities 29,916 1,260 3,199 35 33,115 1,295 Municipal securities 15,414 429 - - 15,414 429 Corporate bonds 32,257 1,708 10,726 270 42,983 1,978 Asset backed securities - - 15,149 416 15,149 416 Trust preferred securities - - 1,820 1,243 1,820 1,243 Total Available for Sale $ 269,895 $ 8,777 $ 38,473 $ 2,216 $ 308,368 $ 10,993 At December 31 , 201 6 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 $ 67,725 $ 2,198 $ 3,586 $ 40 $ 71,311 $ 2,238 Collateralized mortgage obligations 108,974 2,469 8,572 84 117,546 2,553 Agency mortgage-backed securities 97,725 3,327 - - 97,725 3,327 Total Held to Maturity $ 274,424 $ 7,994 $ 12,158 $ 124 $ 286,582 $ 8,118
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 Conditional Default Rates for 2018 and beyond Cumulative OTTI Life to Date TPREF Funding II Class B Notes $ 725 $ 428 $ (297 ) C 19 29 % 0.41 % $ 274 TPREF Funding III Class B2 Notes 1,518 956 (562 ) C 15 28 0.42 483 ALESCO Preferred Funding V Class C1 Notes 820 577 (243 ) C 40 15 0.43 180 Total $ 3,063 $ 1,961 $ (1,102 ) 74 24 % $ 937

Note 6 - Loans Receivable and24

Note 6 - Loans Receivable and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(dollars in thousands) March 31, 2017 December 31, 2016 Commercial real estate $ 394,840 $ 378,519 Construction and land development 78,636 61,453 Commercial and industrial 188,873 174,744 Owner occupied real estate 273,996 276,986 Consumer and other 67,402 63,660 Residential mortgage 22,652 9,682 Total loans receivable 1,026,399 965,044 Deferred costs (fees) (256 ) (72 ) Allowance for loan losses (9,181 ) (9,155 ) Net loans receivable $ 1,016,962 $ 955,817
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 March 31, 2017 Allowance for loan losses: Beginning balance: $ 3,254 $ 557 $ 2,884 $ 1,382 $ 588 $ 58 $ 432 $ 9,155 Charge-offs - - - (8 ) (2 ) - - (10 ) Recoveries 7 - 29 - - - - 36 Provisions (credits) (299 ) (11 ) (143 ) 253 (11 ) 72 139 - Ending balance $ 2,962 $ 546 $ 2,770 $ 1,627 $ 575 $ 130 $ 571 $ 9,181 Three months ended March 31, 2016 Allowance for loan losses: Beginning balance: $ 2,393 $ 338 $ 2,932 $ 2,030 $ 295 $ 14 $ 701 $ 8,703 Charge-offs - - (18 ) (28 ) - - - (46 ) Recoveries - - 72 - - - - 72 Provisions (credits) (348 ) 76 (44 ) 89 17 (3 ) 513 300 Ending balance $ 2,045 $ 414 $ 2,942 $ 2,091 $ 312 $ 11 $ 1,214 $ 9,029 (dollars in thousands) Commercial Real Estate Construction and Land Development Commercial and Industrial Owner Occupied Real Estate Consumer and Other Residential Mortgage Unallocated Total March 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 1,305 $ - $ 1,758 $ 297 $ 262 $ - $ - $ 3,622 Collectively evaluated for impairment 1,657 546 1,012 1,330 313 130 571 5,559 Total allowance for loan losses $ 2,962 $ 546 $ 2,770 $ 1,627 $ 575 $ 130 $ 571 $ 9,181 Loans receivable: Loans evaluated individually $ 18,854 $ - $ 5,287 $ 3,475 $ 1,272 $ - $ - $ 28,888 Loans evaluated collectively 375,986 78,636 183,586 270,521 66,130 22,652 - 997,511 Total loans receivable $ 394,840 $ 78,636 $ 188,873 $ 273,996 $ 67,402 $ 22,652 $ - $ 1,026,399 (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, 2016 Allowance for loan losses: Individually evaluated for impairment $ 1,277 $ - $ 1,624 $ 274 $ 293 $ - $ - $ 3,468 Collectively evaluated for impairment 1,977 557 1,260 1,108 295 58 432 5,687 Total allowance for loan losses $ 3,254 $ 557 $ 2,884 $ 1,382 $ 588 $ 58 $ 432 $ 9,155 Loans receivable: Loans evaluated individually $ 19,245 $ - $ 5,180 $ 2,325 $ 1,290 $ 130 $ - $ 28,170 Loans evaluated collectively 359,274 61,453 169,564 274,661 62,370 9,552 - 936,874 Total loans receivable $ 378,519 $ 61,453 $ 174,744 $ 276,986 $ 63,660 $ 9,682 $ - $ 965,044
Impaired Financing Receivables [Table Text Block]	March 31, 2017 December 31, 2016 (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 $ 12,234 $ 12,235 $ - $ 12,347 $ 12,348 $ - Construction and land development - - - - - - Commercial and industrial 1,907 3,067 - 1,955 3,111 - Owner occupied real estate 1,631 1,742 - 621 733 - Consumer and other 817 1,115 - 687 976 - Residential mortgage - - - 130 130 - Total $ 16,589 $ 18,159 $ - $ 15,740 $ 17,298 $ - With an allowance recorded: Commercial real estate $ 6,620 $ 6,634 $ 1,305 $ 6,898 $ 6,912 $ 1,277 Construction and land development - - - - - - Commercial and industrial 3,380 6,047 1,758 3,225 5,892 1,624 Owner occupied real estate 1,844 1,844 297 1,704 1,704 274 Consumer and other 455 481 262 603 627 293 Residential mortgage - - - - - - Total $ 12,299 $ 15,006 $ 3,622 $ 12,430 $ 15,135 $ 3,468 Total: Commercial real estate $ 18,854 $ 18,869 $ 1,305 $ 19,245 $ 19,260 $ 1,277 Construction and land development - - - - - - Commercial and industrial 5,287 9,114 1,758 5,180 9,003 1,624 Owner occupied real estate 3,475 3,586 297 2,325 2,437 274 Consumer and other 1,272 1,596 262 1,290 1,603 293 Residential mortgage - - - 130 130 - Total $ 28,888 $ 33,165 $ 3,622 $ 28,170 $ 32,433 $ 3,468
Impaired Financing Receivables, Average Recorded Investment and Interest Income, Accrual Method [Table Text Block]	Three Months Ended March 31 , 2017 201 6 (dollars in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial real estate $ 12,290 $ 70 $ 11,589 $ 65 Construction and land development - - 117 - Commercial and industrial 1,931 8 1,998 10 Owner occupied real estate 1,126 12 483 1 Consumer and other 752 3 829 3 Residential mortgage 65 1 - - Total $ 16,164 $ 94 $ 15,016 $ 79 With an allowance recorded: Commercial real estate $ 6,759 $ 5 $ 508 $ 8 Construction and land development - - - - Commercial and industrial 3,303 17 3,110 19 Owner occupied real estate 1,774 6 2,830 6 Consumer and other 529 4 213 2 Residential mortgage - - - - Total $ 12,365 $ 32 $ 6,661 $ 35 Total: Commercial real estate $ 19,049 $ 75 $ 12,097 $ 73 Construction and land development - - 117 - Commercial and industrial 5,234 25 5,108 29 Owner occupied real estate 2,900 18 3,313 7 Consumer and other 1,281 7 1,042 5 Residential mortgage 65 1 - - Total $ 28,529 $ 126 $ 21,677 $ 114
Past Due Financing Receivables [Table Text Block]	(dollars in thousands) 30-59 Days Pas t Due 60-89 Days Past Due Greater than 90 Days Total Past Due Current Total Loans Receivable Loans Receivable > 90 Days and Accruing At March 31 , 201 7 Commercial real estate $ - $ 6 $ 12,733 $ 12,739 $ 382,101 $ 394,840 $ - Construction and land development - - - - 78,636 78,636 - Commercial and industrial 1,009 434 3,299 4,742 184,131 188,873 - Owner occupied real estate 1,174 - 1,690 2,864 271,132 273,996 - Consumer and other 23 24 807 854 66,548 67,402 - Residential mortgage - - - - 22,652 22,652 - Total $ 2,206 $ 464 $ 18,529 $ 21,199 $ 1,005,200 $ 1,026,399 $ - (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 6 Commercial real estate $ - $ 9 $ 13,089 $ 13,098 $ 365,421 $ 378,519 $ - Construction and land development - - - - 61,453 61,453 - Commercial and industrial 568 - 3,151 3,719 171,025 174,744 - Owner occupied real estate 468 - 1,718 2,186 274,800 276,986 172 Consumer and other 24 22 808 854 62,806 63,660 - Residential mortgage - - 130 130 9,552 9,682 130 Total $ 1,060 $ 31 $ 18,896 $ 19,987 $ 945,057 $ 965,044 $ 302
Financing Receivable Credit Quality Indicators [Table Text Block]	(dollars in thousands) Pass Special Mention Substandard Doubtful Total At March 31, 2017 : Commercial real estate $ 380,763 $ 863 $ 13,214 $ - $ 394,840 Construction and land development 78,636 - - - 78,636 Commercial and industrial 182,990 596 3,858 1,429 188,873 Owner occupied real estate 270,521 - 3,475 - 273,996 Consumer and other 66,130 - 1,272 - 67,402 Residential mortgage 22,524 128 - - 22,652 Total $ 1,001,564 $ 1,587 $ 21,819 $ 1,429 $ 1,026,399 (dollars in thousands) Pass Special Mention Substandard Doubtful Total At December 31, 2016 : Commercial real estate $ 364,066 $ 877 $ 13,576 $ - $ 378,519 Construction and land development 61,453 - - - 61,453 Commercial and industrial 168,958 606 3,751 1,429 174,744 Owner occupied real estate 274,150 511 2,325 - 276,986 Consumer and other 62,370 - 1,290 - 63,660 Residential mortgage 9,552 - 130 - 9,682 Total $ 940,549 $ 1,994 $ 21,072 $ 1,429 $ 965,044
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	(dollars in thousands) March 31, 2017 December 31, 201 6 Commercial real estate $ 12,733 $ 13,089 Construction and land development - - Commercial and industrial 3,299 3,151 Owner occupied real estate 1,690 1,546 Consumer and other 807 808 Residential mortgage - - Total $ 18,529 $ 18,594
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	(dollars in thousands) Number of Loans Accrual Status Non- Accrual Status Total TDRs March 31, 2017 Commercial real estate 2 $ 5,640 $ 6,129 $ 11,769 Construction and land development - - - - Commercial and industrial 2 222 349 571 Owner occupied real estate - - - - Consumer and other - - - - Residential mortgage - - - - Total 4 $ 5,862 $ 6,478 $ 12,340 December 31, 201 6 Commercial real estate 1 $ 5,669 $ - $ 5,669 Construction and land development - - - - Commercial and industrial 2 228 349 577 Owner occupied real estate - - - - Consumer and other - - - - Residential mortgage - - - - Total 3 $ 5,897 $ 349 $ 6,246

Note 7 - Fair Value of Financ25

Note 7 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
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 March 31 , 201 7 Assets: Collateralized mortgage obligations $ 217,616 $ - $ 217,616 $ - Agency mortgage-backed securities 36,030 - 36,030 - Municipal securities 27,640 - 27,640 - Corporate bonds 64,281 - 61,257 3,024 Asset-backed securities 14,800 - 14,800 - Trust Preferred Securities 1,961 - - 1,961 Securities Available for Sale $ 362,328 $ - $ 357,343 $ 4,985 Mortgage Loans Held for Sale $ 19,753 $ - $ 19,753 $ - SBA Servicing Assets 5,298 - - 5,298 Interest Rate Lock Commitments 831 - 831 - Best Efforts Forward Loan Sales Commitments 3 - 3 - Mandatory Forward Loan Sales Commitments 8 - 8 - Liabilities: Interest Rate Lock Commitments 7 - 7 - Best Efforts Forward Loan Sales Commitments 270 - 270 - Mandatory Forward Loan Sales Commitments 125 - 125 - December 31, 201 6 Assets: Collateralized mortgage obligations $ 224,765 $ - $ 224,765 $ - Agency mortgage-backed securities 36,710 - 36,710 - Municipal securities 26,547 - 26,547 - Corporate bonds 64,748 - 61,777 2,971 Asset-backed securities 15,149 - 15,149 - Trust Preferred Securities 1,820 - - 1,820 Securities Available for Sale $ 369,739 $ - $ 364,948 $ 4,791 Mortgage Loans Held for Sale $ 23,911 $ - $ 23,911 $ - SBA Servicing Assets 5,352 - - 5,352 Interest Rate Lock Commitments 439 - 439 - Best Efforts Forward Loan Sales Commitments 103 - 103 - Mandatory Forward Loan Sales Commitments 229 - 229 - Liabilities: Interest Rate Lock Commitments 55 - 55 - Best Efforts Forward Loan Sales Commitments 125 - 125 - Mandatory Forward Loan Sales Commitments 38 - 38 -
Schedule of Servicing Assets at Fair Value [Table Text Block]	Three Months Ended March 31, (dollars in thousands) 201 7 201 6 Beginning balance $ 5,352 $ 4,886 Additions 211 242 Fair value adjustments (265 ) (70 ) Ending balance $ 5,298 $ 5,058
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Level 3 Investments Only (dollars in thousands) Trust Preferred Securities Corporate Bonds Trust Preferred Securities Corporate Bonds Balance, January 1 st $ 1,820 $ 2,971 $ 1,883 $ 2,834 Unrealized (losses) gains 141 53 (24 ) 10 Paydowns - - - - Proceeds from sales - - - - Realized (losses) gains - - - - Impairment charges on Level 3 - - (1 ) - Balance, March 31 st $ 1,961 $ 3,024 $ 1,858 $ 2,844
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 March 31, 2017 Impaired loans $ 8,677 $ - $ - $ 8,677 Other real estate owned 496 - - 496 December 31, 2016 Impaired loans $ 9,110 $ - $ - $ 9,110 Other real estate owned 8,563 - - 8,563
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) March 31, 201 7 Corporate bonds $ 3,024 Discounted Cash Flows Discount Rate (5.06%) Trust preferred securities $ 1,961 Discounted Cash Flows Discount Rate 8.13% - 8.63% (8.36%) SBA servicing assets $ 5,298 Discounted Cash Flows Conditional Prepayment Rate (6.58%) Discount Rate (10.00%) Impaired loans $ 8,677 Appraised Value of Collateral (1) Liquidation expenses (2) 10% - 23% (12%) (3) Other real estate owned $ 496 Appraised Value of Collateral (1) Liquidation expenses (2) 7% - 20% (9%) (3) Sales Price Liquidation expenses (2) 7% - 8% (7%) (3) December 31, 201 6 Corporate bonds $ 2,971 Discounted Cash Flows Discount Rate (4.68%) Trust preferred securities $ 1,820 Discounted Cash Flows Discount Rate 8.85% - 9.35% (9.08%) SBA servicing assets $ 5,352 Discounted Cash Flows Conditional Prepayment Rate (6.12%) Discount Rate (10.00%) Impaired loans $ 9,110 Appraised Value of Collateral (1) Liquidation expenses (2) 7% - 20% (11%) (3) Sales Price Liquidation expenses (2) (7%) (3) Other real estate owned $ 8,563 Appraised Value of Collateral (1) Liquidation expenses (2) 5% - 76% (17%) (3) Sales Price Liquidation expenses (2) 7% - 8% (7%) (3)
Fair Value, Option, Quantitative Disclosures [Table Text Block]	Mortgage loans held for sale Carrying Amount Aggregate Unpaid Principal Balance Excess Carrying Amount Over Aggregate Unpaid Principal Balance March 31, 2017 $ 19,753 $ 19,052 $ 701 December 31, 2016 $ 23,911 $ 23,428 $ 483
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets [Table Text Block]	(dollars in thousands) March 3 1 , 201 7 December 31, 201 6 SBA Servicing Asset Fair Value of SBA Servicing Asset $ 5,298 $ 5,352 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) 20.9 21.1 Prepayment Speed 6.58 % 6.12 % Effect on fair value of a 10% increase $ (164 ) $ (161 ) Effect on fair value of a 20% increase (321 ) (316 ) Weighted Average Discount Rate 10.00 % 10.00 % Effect on fair value of a 10% increase $ (220 ) $ (226 ) Effect on fair value of a 20% increase (423 ) (435 )
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at March 31, 2017 (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 $ 36,591 $ 36,591 $ 36,591 $ - $ - Investment securities available for sale 362,328 362,328 - 357,343 4,985 Investment securities held to maturity 421,850 413,699 - 413,699 - Restricted stock 1,366 1,366 - 1,366 - Loans held for sale 25,098 25,237 - 19,753 5,484 Loans receivable, net 1,016,962 995,394 - - 995,394 SBA servicing assets 5,298 5,298 - - 5,298 Accrued interest receivable 5,987 5,987 - 5,987 - Interest rate lock commitments 831 831 - 831 - Best efforts forward loan sales commitments 3 3 - 3 - Mandatory forward loan sales commitments 8 8 - 8 - Financial liabilities: Deposits Demand, savings and money market $ 1,614,079 $ 1,614,079 $ - $ 1,614,079 $ - Time 106,433 104,888 - 104,888 - Subordinated debt 21,648 16,927 - - 16,927 Accrued interest payable 490 490 - 490 - Interest rate lock commitments 7 7 - 7 - Best efforts forward loan sales commitments 270 270 - 270 - Mandatory forward loan sales commitments 125 125 - 125 - Off-Balance Sheet Data Commitments to extend credit - - - - - Standby letters-of-credit - - - - - Fair Value Measurements at December 31, 2016 (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 $ 34,554 $ 34,554 $ 34,554 $ - $ - Investment securities available for sale 369,739 369,739 - 364,948 4,791 Investment securities held to maturity 432,499 425,183 - 425,183 - Restricted stock 1,366 1,366 - 1,366 - Loans held for sale 28,065 28,267 - 23,911 4,356 Loans receivable, net 955,817 937,944 - - 937,944 SBA servicing assets 5,352 5,352 - - 5,352 Accrued interest receivable 5,497 5,497 - 5,497 - Interest rate lock commitments 439 439 - 439 - Best efforts forward loan sales commitments 103 103 - 103 - Mandatory forward loan sales commitments 229 229 - 229 - Financial liabilities: Deposits Demand, savings and money market $ 1,566,506 $ 1,566,506 $ - $ 1,566,506 $ - Time 111,164 110,988 - 110,988 - Subordinated debt 21,881 16,286 - - 16,286 Accrued interest payable 444 444 - 444 - Interest rate lock commitments 55 55 - 55 - Best efforts forward loan sales commitments 125 125 - 125 - Mandatory forward loan sales commitments 38 38 - 38 - Off-Balance Sheet Data Commitments to extend credit - - - - - Standby letters-of-credit - - - - -

Note 8 - Changes in Accumulat26

Note 8 - Changes in Accumulated Other Comprehensive Income (Loss) By Component (1) (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains (Losses) on Available- For-Sale Securities Unrealized Holding Losses on Securities Transferred From Available-For-Sale To Held-To-Maturity Total (dollars in thousands) Balance January 1, 2017 $ (6,831 ) $ (463 ) $ (7,294 ) Unrealized gain on securities 623 - 623 Amounts reclassified from accumulated other comprehensive income to net income (2) - 27 27 Net current-period other comprehensive income 623 27 650 Balance March 31, 2017 $ (6,208 ) $ (436 ) $ (6,644 ) Balance January 1, 2016 $ (2,562 ) $ (603 ) $ (3,165 ) Unrealized gain on securities 2,122 - 2,122 Amounts reclassified from accumulated other comprehensive income to net income (2) (189 ) 37 (152 ) Net current-period other comprehensive income 1,933 37 1,970 Balance March 31, 2016 $ (629 ) $ (566 ) $ (1,195 ) Balance January 1, 2016 $ (2,562 ) $ (603 ) $ (3,165 ) Unrealized gain on securities (3,853 ) - (3,853 ) Amounts reclassified from accumulated other comprehensive income to net income (2) (416 ) 140 (276 ) Net current-period other comprehensive income (4,269 ) 140 (4,129 ) Balance December 31, 2016 $ (6,831 ) $ (463 ) $ (7,294 )

Note 9 - Business Combination (

Note 9 - Business Combination (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Consideration paid: Original Estimates Adjustments to Estimates Final Valuation Cash $ 7,136 $ - $ 7,136 Equity instruments 202 - 202 Deferred additional purchase price 500 - 500 Value of consideration $ 7,838 $ - $ 7,838 Assets acquired: Cash and cash equivalents $ 1,223 $ - $ 1,223 Loans held for sale 20,871 - 20,871 Loans receivable 1,132 - 1,132 Premises and equipment 103 - 103 Derivative assets 1,508 - 1,508 Intangible assets – non compete agreements 104 - 104 Other assets 125 - 125 Total assets 25,066 - 25,066 Liabilities assumed: Warehouse lines of credit 19,666 - 19,666 Derivative liabilities 412 - 412 Other liabilities 2,042 119 2,161 Total liabilities 22,120 119 22,239 Net assets acquired 2,946 (119 ) 2,827 Goodwill resulting from acquisition of Oak Mortgage $ 4,892 $ 119 $ 5,011
Business Acquisition, Pro Forma Information [Table Text Block]	(dollars in thousands) Three Months Ended March 31, 2016 Total revenues $ 17,460 Net income $ 1,484

Note 10 - Goodwill and Other 28

Note 10 - Goodwill and Other Intangibles (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	(dollars in thousands) Balance December 31, 201 6 Additions/ Adjustments Amortization Balance March 3 1, 2017 Amortization Period (in years) Goodwill $ 5,011 $ - $ - $ 5,011 Indefinite Non-compete agreements 61 - (26 ) 35 1 Total $ 5,072 $ - $ (26 ) $ 5,046

Note 11 - Derivatives and Ris29

Note 11 - Derivatives and Risk Management Activities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Position [Table Text Block]	March 31, 2017 Balance Sheet Presentation Fair Value Notional Amount Asset derivatives: IRLC’s Other Assets $ 831 $ 33,875 Best efforts forward loan sales commitments Other Assets 3 2,467 Mandatory forward loan sales commitments Other Assets 8 2,500 Liability derivatives: IRLC’s Other Liabilities $ 7 $ 3,882 Best efforts forward loan sales commitments Other Liabilities 270 35,290 Mandatory forward loan sales commitments Other Liabilities 125 16,527 December 31, 2016 Balance Sheet Presentation Fair Value Notional Amount Asset derivatives: IRLC’s Other Assets $ 439 $ 20,792 Best efforts forward loan sales commitments Other Assets 103 8,586 Mandatory forward loan sales commitments Other Assets 229 18,373 Liability derivatives: IRLC’s Other Liabilities $ 55 $ 6,757 Best efforts forward loan sales commitments Other Liabilities 125 18,963 Mandatory forward loan sales commitments Other Liabilities 38 5,024
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance [Table Text Block]	Three Months Ended March 31, 201 7 Income Statement Presentation Gain/(Loss) Asset derivatives: IRLC’s Mortgage banking income $ 392 Best efforts forward loan sales commitments Mortgage banking income (100 ) Mandatory forward loan sales commitments Mortgage banking income (221 ) Liability derivatives: IRLC’s Mortgage banking income $ 48 Best efforts forward loan sales commitments Mortgage banking income (145 ) Mandatory forward loan sales commitments Mortgage banking income (87 )

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Mar. 31, 2017
Number of Wholly Owned Subsidiary	1
Number of Unconsolidated Subsidiaries	3
Number of Trust Preferred Securities Issued	3

Note 2 - Summary of Significa31

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)		Apr. 29, 2014	Mar. 31, 2017	Mar. 31, 2016
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			478,374	470,300
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number			3,121,500	2,491,175
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 10,534,698	$ 1,985,387
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number			1,423,648	1,236,949
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value			$ 6,685,120	$ 1,252,381
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			94,800	250
Proceeds from Stock Options Exercised			$ 291,981	$ 488
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period			9,600	6,050
Share-based Compensation Arrangement by Share-based Payment Award, Options, Options Forfeited, Weighted Average Grant Date Fair Value, Amount			$ 43,581	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options			3,935,014	1,690,057
Debt Conversion, Converted Instrument, Amount			240,000
Convertible Subordinated Debt [Member]
Debt Conversion, Converted Instrument, Amount			$ 240,000
Debt Conversion, Converted Instrument, Shares Issued			36,922
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate, Term			5 years 182 days
Treasury Bond Term On Which Risk Free Interest Rate is Based			5 years
Maximum [Member]
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
The 2005 Plan [Member]
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
The 2005 Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
The 2005 Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			4 years
The 2014 Republic First Bancorp, Inc. Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			5,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		2,600,000
Minimum Percentage of Outstanding Shares as Annual Adjustment		10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			893,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value, Amount			$ 3,122,517
Stock Options and Restricted Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			10 years
Stock Options and Restricted Stock Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Stock Options and Restricted Stock Plan [Member] | Maximum [Member]
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 Significa32

Note 2 - Summary of Significant Accounting Policies - Valuation Assumptions (Details)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Dividend yield(1)	[1]	0.00%	0.00%
Assumed forfeiture rate(5)	[2]	6.00%	10.00%
Minimum [Member]
Expected volatility(2)	[3]	45.50%	47.59%
Risk-free interest rate(3)	[4]	1.89%	1.23%
Expected life(4) (in years) (Year)	[5]	5 years 182 days	5 years 182 days
Maximum [Member]
Expected volatility(2)	[3]	50.09%	52.54%
Risk-free interest rate(3)	[4]	2.26%	1.82%
Expected life(4) (in years) (Year)	[5]	7 years	7 years
[1]	A dividend yield of 0.0% is utilized because cash dividends have never been paid.
[2]	Forfeiture rate is determined through forfeited and expired options as a percentage of options granted over the current three year period.
[3]	Expected volatility is based on Bloomberg's five and one-half to seven year volatility calculation for "FRBK" stock.
[4]	The risk-free interest rate is based on the five to seven year Treasury bond.
[5]	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 Significa33

Note 2 - Summary of Significant Accounting Policies - Stock-based Compensation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Stock based compensation expense recognized	$ 302,000	$ 171,000
Number of unvested stock options (in shares)	1,697,852	1,254,226
Fair value of unvested stock options	$ 4,583,209	$ 2,418,303
Amount remaining to be recognized as expense	$ 3,935,014	$ 1,690,057

Note 2 - Summary of Significa34

Note 2 - Summary of Significant Accounting Policies - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income - basic and diluted	$ 1,787	$ 1,085
Weighted average shares outstanding (in shares)	56,824	37,837
Net income per share – basic (in dollars per share)	$ 0.03	$ 0.03
Weighted average shares outstanding (including dilutive CSEs) (in shares)	58,048	38,269
Net income per share – diluted (in dollars per share)	$ 0.03	$ 0.03

Note 2 - Summary of Significa35

Note 2 - Summary of Significant Accounting Policies - Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Anti-dilutive securities (in shares)	3,522	3,721
Employee Stock Option [Member]
Anti-dilutive securities (in shares)	1,897	2,059
Convertible Debt Securities [Member]
Anti-dilutive securities (in shares)	1,625	1,662

Note 4 - Segment Reporting (Det

Note 4 - Segment Reporting (Details Textual)	3 Months Ended
	Mar. 31, 2017
Number of Reportable Segments	1

Note 5 - Investment Securitie37

Note 5 - Investment Securities (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$ 0	$ 1,000
Securities, Continuous Loss Position, Accumulated Loss	19,000,000		$ 19,100,000
Securities, Continuous Unrealized Loss Position, Fair Value	676,400,000		$ 595,000,000
Proceeds from Sale of Available-for-sale Securities	$ 0	54,715,000
Available-for-sale Securities, Gross Realized Gains		320,000
Available-for-sale Securities, Gross Realized Losses		24,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax		$ 106,000
US Government Agencies Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	10
Collateralized Mortgage Obligations [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	55
Number of Securities in Investment Portfolio	0		0
Collateralized Mortgage Backed Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	23
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	15
Asset-backed Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	2
Corporate Debt Securities [Member]
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	7
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Number of Securities in Investment Portfolio	0		0

Note 5 - Investment Securitie38

Note 5 - Investment Securities - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Investment securities available for sale, at amortized cost	$ 372,014	$ 380,396
Investment securities available for sale, gross unrealized gains	476	336
Investment securities available for sale, gross unrealized losses	(10,162)	(10,993)
Investment securities available for sale, at fair value	362,328	369,739
Investment securities held to maturity, at amortized cost	421,850	432,499
Investment securities held to maturity, gross unrealized gains	675	802
Investment securities held to maturity, gross unrealized losses	(8,826)	(8,118)
Investment securities held to maturity, at fair value	413,699	425,183
Investment securities held to maturity, at amortized cost	421,850	432,499
Investment securities held to maturity, gross unrealized losses	(8,826)	(8,118)
Collateralized Mortgage Obligations [Member]
Investment securities available for sale, at amortized cost	222,278	230,252
Investment securities available for sale, gross unrealized gains	99	145
Investment securities available for sale, gross unrealized losses	(4,761)	(5,632)
Investment securities available for sale, at fair value	217,616	224,765
Investment securities held to maturity, at amortized cost	196,461	202,990
Investment securities held to maturity, gross unrealized gains	644	793
Investment securities held to maturity, gross unrealized losses	(2,788)	(2,553)
Investment securities held to maturity, at fair value	194,317	201,230
Investment securities held to maturity, at amortized cost	196,461	202,990
Investment securities held to maturity, gross unrealized losses	(2,788)	(2,553)
Collateralized Mortgage Backed Securities [Member]
Investment securities available for sale, at amortized cost	37,273	37,973
Investment securities available for sale, gross unrealized gains	24	32
Investment securities available for sale, gross unrealized losses	(1,267)	(1,295)
Investment securities available for sale, at fair value	36,030	36,710
Investment securities held to maturity, at amortized cost	127,192	129,951
Investment securities held to maturity, gross unrealized gains		1
Investment securities held to maturity, gross unrealized losses	(3,608)	(3,327)
Investment securities held to maturity, at fair value	123,584	126,625
Investment securities held to maturity, at amortized cost	127,192	129,951
Investment securities held to maturity, gross unrealized losses	(3,608)	(3,327)
US States and Political Subdivisions Debt Securities [Member]
Investment securities available for sale, at amortized cost	27,727	26,825
Investment securities available for sale, gross unrealized gains	255	151
Investment securities available for sale, gross unrealized losses	(342)	(429)
Investment securities available for sale, at fair value	27,640	26,547
Corporate Debt Securities [Member]
Investment securities available for sale, at amortized cost	66,698	66,718
Investment securities available for sale, gross unrealized gains	98	8
Investment securities available for sale, gross unrealized losses	(2,515)	(1,978)
Investment securities available for sale, at fair value	64,281	64,748
Asset-backed Securities [Member]
Investment securities available for sale, at amortized cost	14,975	15,565
Investment securities available for sale, gross unrealized gains
Investment securities available for sale, gross unrealized losses	(175)	(416)
Investment securities available for sale, at fair value	14,800	15,149
Collateralized Debt Obligations [Member]
Investment securities available for sale, at amortized cost	3,063	3,063
Investment securities available for sale, gross unrealized gains
Investment securities available for sale, gross unrealized losses	(1,102)	(1,243)
Investment securities available for sale, at fair value	1,961	1,820
US Government Agencies Debt Securities [Member]
Investment securities held to maturity, at amortized cost	97,177	98,538
Investment securities held to maturity, gross unrealized gains	31	8
Investment securities held to maturity, gross unrealized losses	(2,430)	(2,238)
Investment securities held to maturity, at fair value	94,778	96,308
Investment securities held to maturity, at amortized cost	97,177	98,538
Investment securities held to maturity, gross unrealized losses	(2,430)	(2,238)
Other Debt Obligations [Member]
Investment securities held to maturity, at amortized cost	1,020	1,020
Investment securities held to maturity, gross unrealized gains
Investment securities held to maturity, gross unrealized losses
Investment securities held to maturity, at fair value	1,020	1,020
Investment securities held to maturity, at amortized cost	1,020	1,020
Investment securities held to maturity, gross unrealized losses

Note 5 - Investment Securitie39

Note 5 - Investment Securities - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Due in 1 year or less, available for sale, amortized cost	$ 650
Due in 1 year or less, available for sale, fair value	651
Due in 1 year or less, held to maturity, amortized cost
Due in 1 year or less, held to maturity, fair value
After 1 year to 5 years, available for sale, amortized cost	13,088
After 1 year to 5 years, available for sale, fair value	13,247
After 1 year to 5 years, held to maturity, amortized cost	4,408
After 1 year to 5 years, held to maturity, fair value	4,376
After 5 years to 10 years, available for sale, amortized cost	73,254
After 5 years to 10 years, available for sale, fair value	70,702
After 5 years to 10 years, held to maturity, amortized cost	93,789
After 5 years to 10 years, held to maturity, fair value	91,422
After 10 years, available for sale, amortized cost	25,471
After 10 years, available for sale, fair value	24,082
After 10 years, held to maturity, amortized cost
After 10 years, held to maturity, fair value
Total, available for sale, amortized cost	372,014
Total, available for sale, fair value	362,328
Total, held to maturity, amortized cost	421,850	$ 432,499
Total, held to maturity, fair value	413,699	425,183
Collateralized Mortgage Obligations [Member]
No specific maturity date, available for sale, amortized cost	222,278
No specific maturity date, available for sale, fair value	217,616
No specific maturity date, held to maturity, amortized cost	196,461
No specific maturity date, held to maturity, fair value	194,317
Total, held to maturity, amortized cost	196,461	202,990
Total, held to maturity, fair value	194,317	201,230
Collateralized Mortgage Backed Securities [Member]
No specific maturity date, available for sale, amortized cost	37,273
No specific maturity date, available for sale, fair value	36,030
No specific maturity date, held to maturity, amortized cost	127,192
No specific maturity date, held to maturity, fair value	123,584
Total, held to maturity, amortized cost	127,192	129,951
Total, held to maturity, fair value	$ 123,584	$ 126,625

Note 5 - Investment Securitie40

Note 5 - Investment Securities - Credit-related Impairment Losses on Securities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Beginning Balance	$ 937,000	$ 930,000
Additional credit-related impairment loss on securities for which an other-than-temporary impairment was previously recognized	0	1,000
Ending Balance, March 31st	$ 937,000	$ 931,000

Note 5 - Investment Securitie41

Note 5 - Investment Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value	$ 255,444	$ 269,895
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	6,539	8,777
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	62,932	38,473
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	3,623	2,216
Available for sale securities in a continuous unrealized loss position, fair value	318,376	308,368
Available for sale securities in a continuous unrealized loss position, unrealized losses	10,162	10,993
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	334,304	274,424
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	8,362	7,994
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	23,680	12,158
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	464	124
Held to maturity securities in a continuous unrealized loss position, fair value	357,984	286,582
Held to maturity securities in a continuous unrealized loss position, unrealized losses	8,826	8,118
Collateralized Mortgage Obligations [Member]
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value	194,126	192,308
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	4,512	5,380
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	7,264	7,579
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	249	252
Available for sale securities in a continuous unrealized loss position, fair value	201,390	199,887
Available for sale securities in a continuous unrealized loss position, unrealized losses	4,761	5,632
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	124,180	108,974
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	2,356	2,469
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	20,325	8,572
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	432	84
Held to maturity securities in a continuous unrealized loss position, fair value	144,505	117,546
Held to maturity securities in a continuous unrealized loss position, unrealized losses	2,788	2,553
US Government Agencies Debt Securities [Member]
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	86,540	67,725
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	2,398	2,198
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value	3,355	3,586
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses	32	40
Held to maturity securities in a continuous unrealized loss position, fair value	89,895	71,311
Held to maturity securities in a continuous unrealized loss position, unrealized losses	2,430	2,238
Collateralized Mortgage Backed Securities [Member]
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value	32,174	29,916
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	1,231	1,260
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	2,973	3,199
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	36	35
Available for sale securities in a continuous unrealized loss position, fair value	35,147	33,115
Available for sale securities in a continuous unrealized loss position, unrealized losses	1,267	1,295
Held to maturity securities in a continuous unrealized loss position, less than 12 months, fair value	123,584	97,725
Held to maturity securities in a continuous unrealized loss position, less than 12 months, unrealized losses	3,608	3,327
Held to maturity securities in a continuous unrealized loss position, 12 months or more, fair value
Held to maturity securities in a continuous unrealized loss position, 12 months or more, unrealized losses
Held to maturity securities in a continuous unrealized loss position, fair value	123,584	97,725
Held to maturity securities in a continuous unrealized loss position, unrealized losses	3,608	3,327
US States and Political Subdivisions Debt Securities [Member]
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value	9,598	15,414
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	342	429
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses
Available for sale securities in a continuous unrealized loss position, fair value	9,598	15,414
Available for sale securities in a continuous unrealized loss position, unrealized losses	342	429
Corporate Debt Securities [Member]
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value	19,546	32,257
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses	454	1,708
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	35,934	10,726
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	2,061	270
Available for sale securities in a continuous unrealized loss position, fair value	55,480	42,983
Available for sale securities in a continuous unrealized loss position, unrealized losses	2,515	1,978
Asset-backed Securities [Member]
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	14,800	15,149
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	175	416
Available for sale securities in a continuous unrealized loss position, fair value	14,800	15,149
Available for sale securities in a continuous unrealized loss position, unrealized losses	175	416
Collateralized Debt Obligations [Member]
Available for sale securities in a continuous unrealized loss position, less than 12 months, fair value
Available for sale securities in a continuous unrealized loss position, less than 12 months, unrealized losses
Available for sale securities in a continuous unrealized loss position, 12 months or more, fair value	1,961	1,820
Available for sale securities in a continuous unrealized loss position, 12 months or more, unrealized losses	1,102	1,243
Available for sale securities in a continuous unrealized loss position, fair value	1,961	1,820
Available for sale securities in a continuous unrealized loss position, unrealized losses	$ 1,102	$ 1,243

Note 5 - Investment Securitie42

Note 5 - Investment Securities - Trust Preferred Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Amortized Cost	$ 372,014	$ 380,396
Investment securities available for sale, at fair value	362,328	369,739
Unrealized Losses	(10,162)	(10,993)
Cumulative OTTI Life to Date	$ 937	937	$ 931	$ 930
TPREF Funding II [Member]
Class / Tranche	Class B Notes
Amortized Cost	$ 725
Investment securities available for sale, at fair value	428
Unrealized Losses	$ (297)
Lowest Credit Rating Assigned	C
Number of Banks Currently Performing	19
Deferrals / Defaults as % of Current Balance	29.00%
Conditional Default Rates for 2015 and beyond	0.41%
Cumulative OTTI Life to Date	$ 274
TPREF Funding III [Member]
Class / Tranche	Class B2 Notes
Amortized Cost	$ 1,518
Investment securities available for sale, at fair value	956
Unrealized Losses	$ (562)
Lowest Credit Rating Assigned	C
Number of Banks Currently Performing	15
Deferrals / Defaults as % of Current Balance	28.00%
Conditional Default Rates for 2015 and beyond	0.42%
Cumulative OTTI Life to Date	$ 483
ALESCO Preferred Funding V [Member]
Class / Tranche	Class C1 Notes
Amortized Cost	$ 820
Investment securities available for sale, at fair value	577
Unrealized Losses	$ (243)
Lowest Credit Rating Assigned	C
Number of Banks Currently Performing	40
Deferrals / Defaults as % of Current Balance	15.00%
Conditional Default Rates for 2015 and beyond	0.43%
Cumulative OTTI Life to Date	$ 180
Collateralized Debt Obligations [Member]
Amortized Cost	3,063	3,063
Investment securities available for sale, at fair value	1,961	1,820
Unrealized Losses	$ (1,102)	$ (1,243)
Number of Banks Currently Performing	74
Deferrals / Defaults as % of Current Balance	24.00%
Conditional Default Rates for 2015 and beyond
Cumulative OTTI Life to Date	$ 937

Note 6 - Loans Receivable and43

Note 6 - Loans Receivable and Allowance for Loan Losses (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 276,000	$ 200,000
Financing Receivable, Modifications, Number of Contracts		0
Real Estate Acquired Through Foreclosure	$ 9,944,000		$ 10,174,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0		0
Mortgage Loans in Process of Foreclosure, Amount	$ 0		$ 0
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Modifications, Number of Contracts	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 6,100,000
Residential Portfolio Segment [Member]
Real Estate Acquired Through Foreclosure	$ 59,000		$ 126,000

Note 6 - Loans Receivable and44

Note 6 - Loans Receivable and Allowances for Loan Losses - Gross Loans by Major Categories (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans receivable	$ 1,026,399	$ 965,044
Deferred costs (fees)	(256)	(72)
Allowance for loan losses	(9,181)	(9,155)
Net loans receivable	1,016,962	955,817
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	394,840	378,519
Construction and Land Development Portfolio Segment [Member]
Loans receivable	78,636	61,453
Commercial Portfolio Segment [Member]
Loans receivable	188,873	174,744
Owner Occupied Real Estate [Member]
Loans receivable	273,996	276,986
Consumer Portfolio Segment [Member]
Loans receivable	67,402	63,660
Residential Portfolio Segment [Member]
Loans receivable	$ 22,652	$ 9,682

Note 6 - Loans Receivable and45

Note 6 - Loans Receivable and Allowances for Loan Losses - Activity in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Beginning balance:	$ 9,155	$ 8,703
Charge-offs	(10)	(46)
Recoveries	36	72
Provision for loan losses		300
Ending balance	9,181	9,029
Allowance for loan losses, individually evaluated for impairment			$ 3,622	$ 3,468
Allowance for loan losses, collectively evaluated for impairment			5,559	5,687
Total allowance for loan losses	9,155	8,703	9,181	9,155
Loans evaluated individually			28,888	28,170
Loans evaluated collectively			997,511	936,874
Total loans receivable			1,026,399	965,044
Commercial Real Estate Portfolio Segment [Member]
Beginning balance:	3,254	2,393
Charge-offs
Recoveries	7
Provision for loan losses	(299)	(348)
Ending balance	2,962	2,045
Allowance for loan losses, individually evaluated for impairment			1,305	1,277
Allowance for loan losses, collectively evaluated for impairment			1,657	1,977
Total allowance for loan losses	3,254	2,393	2,962	3,254
Loans evaluated individually			18,854	19,245
Loans evaluated collectively			375,986	359,274
Total loans receivable			394,840	378,519
Construction and Land Development Portfolio Segment [Member]
Beginning balance:	557	338
Charge-offs
Recoveries
Provision for loan losses	(11)	76
Ending balance	546	414
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			546	557
Total allowance for loan losses	557	338	546	557
Loans evaluated individually
Loans evaluated collectively			78,636	61,453
Total loans receivable			78,636	61,453
Commercial Portfolio Segment [Member]
Beginning balance:	2,884	2,932
Charge-offs		(18)
Recoveries	29	72
Provision for loan losses	(143)	(44)
Ending balance	2,770	2,942
Allowance for loan losses, individually evaluated for impairment			1,758	1,624
Allowance for loan losses, collectively evaluated for impairment			1,012	1,260
Total allowance for loan losses	2,884	2,932	2,770	2,884
Loans evaluated individually			5,287	5,180
Loans evaluated collectively			183,586	169,564
Total loans receivable			188,873	174,744
Owner Occupied Real Estate [Member]
Beginning balance:	1,382	2,030
Charge-offs	(8)	(28)
Recoveries
Provision for loan losses	253	89
Ending balance	1,627	2,091
Allowance for loan losses, individually evaluated for impairment			297	274
Allowance for loan losses, collectively evaluated for impairment			1,330	1,108
Total allowance for loan losses	1,382	2,030	1,627	1,382
Loans evaluated individually			3,475	2,325
Loans evaluated collectively			270,521	274,661
Total loans receivable			273,996	276,986
Consumer Portfolio Segment [Member]
Beginning balance:	588	295
Charge-offs	(2)
Recoveries
Provision for loan losses	(11)	17
Ending balance	575	312
Allowance for loan losses, individually evaluated for impairment			262	293
Allowance for loan losses, collectively evaluated for impairment			313	295
Total allowance for loan losses	588	295	575	588
Loans evaluated individually			1,272	1,290
Loans evaluated collectively			66,130	62,370
Total loans receivable			67,402	63,660
Residential Portfolio Segment [Member]
Beginning balance:	58	14
Charge-offs
Recoveries
Provision for loan losses	72	(3)
Ending balance	130	11
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			130	58
Total allowance for loan losses	58	14	130	58
Loans evaluated individually				130
Loans evaluated collectively			22,652	9,552
Total loans receivable			22,652	9,682
Unallocated Financing Receivables [Member]
Beginning balance:	432	701
Charge-offs
Recoveries
Provision for loan losses	139	513
Ending balance	571	1,214
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment			571	432
Total allowance for loan losses	$ 432	$ 701	571	432
Loans evaluated individually
Loans evaluated collectively
Total loans receivable

Note 6 - Loans Receivable and46

Note 6 - Loans Receivable and Allowances for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
With no related allowance - Recorded investment	$ 16,589	$ 15,740
With no related allowance - Unpaid principal balance	18,159	17,298
With related allowance - Recorded investment	12,299	12,430
With related allowance - Unpaid principal balance	15,006	15,135
Related allowance	3,622	3,468
Recorded investment	28,888	28,170
Unpaid principal balance	33,165	32,433
Commercial Real Estate Portfolio Segment [Member]
With no related allowance - Recorded investment	12,234	12,347
With no related allowance - Unpaid principal balance	12,235	12,348
With related allowance - Recorded investment	6,620	6,898
With related allowance - Unpaid principal balance	6,634	6,912
Related allowance	1,305	1,277
Recorded investment	18,854	19,245
Unpaid principal balance	18,869	19,260
Construction and Land Development Portfolio Segment [Member]
With no related allowance - Recorded investment
With no related allowance - Unpaid principal balance
With related allowance - Recorded investment
With related allowance - Unpaid principal balance
Related allowance
Recorded investment
Unpaid principal balance
Commercial Portfolio Segment [Member]
With no related allowance - Recorded investment	1,907	1,955
With no related allowance - Unpaid principal balance	3,067	3,111
With related allowance - Recorded investment	3,380	3,225
With related allowance - Unpaid principal balance	6,047	5,892
Related allowance	1,758	1,624
Recorded investment	5,287	5,180
Unpaid principal balance	9,114	9,003
Owner Occupied Real Estate [Member]
With no related allowance - Recorded investment	1,631	621
With no related allowance - Unpaid principal balance	1,742	733
With related allowance - Recorded investment	1,844	1,704
With related allowance - Unpaid principal balance	1,844	1,704
Related allowance	297	274
Recorded investment	3,475	2,325
Unpaid principal balance	3,586	2,437
Consumer Portfolio Segment [Member]
With no related allowance - Recorded investment	817	687
With no related allowance - Unpaid principal balance	1,115	976
With related allowance - Recorded investment	455	603
With related allowance - Unpaid principal balance	481	627
Related allowance	262	293
Recorded investment	1,272	1,290
Unpaid principal balance	1,596	1,603
Residential Portfolio Segment [Member]
With no related allowance - Recorded investment		130
With no related allowance - Unpaid principal balance		130
With related allowance - Recorded investment
With related allowance - Unpaid principal balance
Related allowance
Recorded investment		130
Unpaid principal balance		$ 130

Note 6 - Loans Receivable and47

Note 6 - Loans Receivable and Allowances for Loan Losses - Impaired Loans Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
With no related allowance recorded - Average recorded investment	$ 16,164	$ 15,016
With no related allowance recorded - Interest income recognized	94	79
With related allowance recorded - Average recorded investment	12,365	6,661
With related allowance recorded - Interest income recognized	32	35
Average recorded investment	28,529	21,677
Interest income recognized	126	114
Average recorded investment	28,529	21,677
Interest income recognized	126	114
Commercial Real Estate Portfolio Segment [Member]
With no related allowance recorded - Average recorded investment	12,290	11,589
With no related allowance recorded - Interest income recognized	70	65
With related allowance recorded - Average recorded investment	6,759	508
With related allowance recorded - Interest income recognized	5	8
Average recorded investment	19,049	12,097
Interest income recognized	75	73
Average recorded investment	19,049	12,097
Interest income recognized	75	73
Construction and Land Development Portfolio Segment [Member]
With no related allowance recorded - Average recorded investment		117
With no related allowance recorded - Interest income recognized
With related allowance recorded - Average recorded investment
With related allowance recorded - Interest income recognized
Average recorded investment		117
Interest income recognized
Average recorded investment		117
Interest income recognized
Commercial Portfolio Segment [Member]
With no related allowance recorded - Average recorded investment	1,931	1,998
With no related allowance recorded - Interest income recognized	8	10
With related allowance recorded - Average recorded investment	3,303	3,110
With related allowance recorded - Interest income recognized	17	19
Average recorded investment	5,234	5,108
Interest income recognized	25	29
Average recorded investment	5,234	5,108
Interest income recognized	25	29
Owner Occupied Real Estate [Member]
With no related allowance recorded - Average recorded investment	1,126	483
With no related allowance recorded - Interest income recognized	12	1
With related allowance recorded - Average recorded investment	1,774	2,830
With related allowance recorded - Interest income recognized	6	6
Average recorded investment	2,900	3,313
Interest income recognized	18	7
Average recorded investment	2,900	3,313
Interest income recognized	18	7
Consumer Portfolio Segment [Member]
With no related allowance recorded - Average recorded investment	752	829
With no related allowance recorded - Interest income recognized	3	3
With related allowance recorded - Average recorded investment	529	213
With related allowance recorded - Interest income recognized	4	2
Average recorded investment	1,281	1,042
Interest income recognized	7	5
Average recorded investment	1,281	1,042
Interest income recognized	7	5
Residential Portfolio Segment [Member]
With no related allowance recorded - Average recorded investment	65
With no related allowance recorded - Interest income recognized	1
With related allowance recorded - Average recorded investment
With related allowance recorded - Interest income recognized
Average recorded investment	65
Interest income recognized	1
Average recorded investment	65
Interest income recognized	$ 1

Note 6 - Loans Receivable and48

Note 6 - Loans Receivable and Allowance for Loan Losses - Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans receivable, total past due	$ 21,199	$ 19,987
Loans receivable, current	1,005,200	945,057
Loans receivable	1,026,399	965,044
Loans receivable greater than 90 days and accruing		302
Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due	2,206	1,060
Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due	464	31
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due	18,529	18,896
Commercial Real Estate Portfolio Segment [Member]
Loans receivable, total past due	12,739	13,098
Loans receivable, current	382,101	365,421
Loans receivable	394,840	378,519
Loans receivable greater than 90 days and accruing
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due	6	9
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due	12,733	13,089
Construction and Land Development Portfolio Segment [Member]
Loans receivable, total past due
Loans receivable, current	78,636	61,453
Loans receivable	78,636	61,453
Loans receivable greater than 90 days and accruing
Construction and Land Development Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due
Construction and Land Development Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due
Construction and Land Development Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due
Commercial Portfolio Segment [Member]
Loans receivable, total past due	4,742	3,719
Loans receivable, current	184,131	171,025
Loans receivable	188,873	174,744
Loans receivable greater than 90 days and accruing
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due	1,009	568
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due	434
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due	3,299	3,151
Owner Occupied Real Estate [Member]
Loans receivable, total past due	2,864	2,186
Loans receivable, current	271,132	274,800
Loans receivable	273,996	276,986
Loans receivable greater than 90 days and accruing		172
Owner Occupied Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due	1,174	468
Owner Occupied Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due
Owner Occupied Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due	1,690	1,718
Consumer Portfolio Segment [Member]
Loans receivable, total past due	854	854
Loans receivable, current	66,548	62,806
Loans receivable	67,402	63,660
Loans receivable greater than 90 days and accruing
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due	23	24
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due	24	22
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due	807	808
Residential Portfolio Segment [Member]
Loans receivable, total past due		130
Loans receivable, current	22,652	9,552
Loans receivable	22,652	9,682
Loans receivable greater than 90 days and accruing		130
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Loans receivable, total past due
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Loans receivable, total past due
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Loans receivable, total past due		$ 130

Note 6 - Loans Receivable and49

Note 6 - Loans Receivable and Allowance for Loan Losses - Loans by Internal Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans receivable	$ 1,026,399	$ 965,044
Pass [Member]
Loans receivable	1,001,564	940,549
Special Mention [Member]
Loans receivable	1,587	1,994
Substandard [Member]
Loans receivable	21,819	21,072
Doubtful [Member]
Loans receivable	1,429	1,429
Commercial Real Estate Portfolio Segment [Member]
Loans receivable	394,840	378,519
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans receivable	380,763	364,066
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans receivable	863	877
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans receivable	13,214	13,576
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans receivable
Construction and Land Development Portfolio Segment [Member]
Loans receivable	78,636	61,453
Construction and Land Development Portfolio Segment [Member] | Pass [Member]
Loans receivable	78,636	61,453
Construction and Land Development Portfolio Segment [Member] | Special Mention [Member]
Loans receivable
Construction and Land Development Portfolio Segment [Member] | Substandard [Member]
Loans receivable
Construction and Land Development Portfolio Segment [Member] | Doubtful [Member]
Loans receivable
Commercial Portfolio Segment [Member]
Loans receivable	188,873	174,744
Commercial Portfolio Segment [Member] | Pass [Member]
Loans receivable	182,990	168,958
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans receivable	596	606
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans receivable	3,858	3,751
Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans receivable	1,429	1,429
Owner Occupied Real Estate [Member]
Loans receivable	273,996	276,986
Owner Occupied Real Estate [Member] | Pass [Member]
Loans receivable	270,521	274,150
Owner Occupied Real Estate [Member] | Special Mention [Member]
Loans receivable		511
Owner Occupied Real Estate [Member] | Substandard [Member]
Loans receivable	3,475	2,325
Owner Occupied Real Estate [Member] | Doubtful [Member]
Loans receivable
Consumer Portfolio Segment [Member]
Loans receivable	67,402	63,660
Consumer Portfolio Segment [Member] | Pass [Member]
Loans receivable	66,130	62,370
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans receivable
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans receivable	1,272	1,290
Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans receivable
Residential Portfolio Segment [Member]
Loans receivable	22,652	9,682
Residential Portfolio Segment [Member] | Pass [Member]
Loans receivable	22,524	9,552
Residential Portfolio Segment [Member] | Special Mention [Member]
Loans receivable	128
Residential Portfolio Segment [Member] | Substandard [Member]
Loans receivable		130
Residential Portfolio Segment [Member] | Doubtful [Member]
Loans receivable

Note 6 - Loans Receivable and50

Note 6 - Loans Receivable and Allowance for Loan Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Non-accrual loans	$ 18,529	$ 18,594
Commercial Real Estate Portfolio Segment [Member]
Non-accrual loans	12,733	13,089
Construction and Land Development Portfolio Segment [Member]
Non-accrual loans
Commercial Portfolio Segment [Member]
Non-accrual loans	3,299	3,151
Owner Occupied Real Estate [Member]
Non-accrual loans	1,690	1,546
Consumer Portfolio Segment [Member]
Non-accrual loans	807	808
Residential Portfolio Segment [Member]
Non-accrual loans

Note 6 - Loans Receivable and51

Note 6 - Loans Receivable and Allowance for Loan Losses - Troubled Debt Restructurings (Details) $ in Thousands	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Number of Loans	4	3
Troubled debt restructurings, accrual status	$ 5,862	$ 5,897
Troubled debt restructurings, non-accrual status	6,478	349
Troubled debt restructurings	$ 12,340	$ 6,246
Commercial Real Estate Portfolio Segment [Member]
Number of Loans	2	1
Troubled debt restructurings, accrual status	$ 5,640	$ 5,669
Troubled debt restructurings, non-accrual status	6,129
Troubled debt restructurings	$ 11,769	$ 5,669
Construction and Land Development Portfolio Segment [Member]
Number of Loans
Troubled debt restructurings, accrual status
Troubled debt restructurings, non-accrual status
Troubled debt restructurings
Commercial Portfolio Segment [Member]
Number of Loans	2	2
Troubled debt restructurings, accrual status	$ 222	$ 228
Troubled debt restructurings, non-accrual status	349	349
Troubled debt restructurings	$ 571	$ 577
Owner Occupied Real Estate [Member]
Number of Loans
Troubled debt restructurings, accrual status
Troubled debt restructurings, non-accrual status
Troubled debt restructurings
Consumer Portfolio Segment [Member]
Number of Loans
Troubled debt restructurings, accrual status
Troubled debt restructurings, non-accrual status
Troubled debt restructurings
Residential Portfolio Segment [Member]
Number of Loans
Troubled debt restructurings, accrual status
Troubled debt restructurings, non-accrual status
Troubled debt restructurings

Note 7 - Fair Value of Financ52

Note 7 - Fair Value of Financial Instruments (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Servicing Fees	$ 433,000	$ 434,000
Loans Held-for-sale, Write-down	$ 0		$ 0
SBA Servicing Assets [Member]
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 10 Percent Adverse Change in Key Assumptions, Percent	10.00%		10.00%
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of 20 Percent Adverse Change in Key Assumptions	20.00%		20.00%
Interest and Fees [Member]
Interest and Fee Income, Loans Held-for-sale, Mortgages	$ 129,000	$ 0

Note 7 - Fair Value of Financ53

Note 7 - Fair Value of Financial Instruments - Financial Assets Measured at on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Investment securities available for sale, at fair value	$ 362,328	$ 369,739
SBA Servicing Assets	5,298	5,352	$ 5,058	$ 4,886
Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	362,328	369,739
Mortgage Loans Held for Sale	19,753	23,911
SBA Servicing Assets	5,298	5,352
Fair Value, Measurements, Recurring [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Asset	3	103
Derivative Liability	270	125
Fair Value, Measurements, Recurring [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Asset	8	229
Derivative Liability	125	38
Fair Value, Measurements, Recurring [Member] | Interest Rate Lock Commitments [Member]
Derivative Asset	831	439
Derivative Liability	7	55
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Mortgage Loans Held for Sale
SBA Servicing Assets
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Lock Commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value	357,343	364,948
Mortgage Loans Held for Sale	19,753	23,911
SBA Servicing Assets
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Asset	3	103
Derivative Liability	270	125
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Asset	8	229
Derivative Liability	125	38
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Lock Commitments [Member]
Derivative Asset	831	439
Derivative Liability	7	55
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	4,985	4,791
Mortgage Loans Held for Sale
SBA Servicing Assets	5,298	5,352
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Asset
Derivative Liability
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Lock Commitments [Member]
Derivative Asset
Derivative Liability
Collateralized Mortgage Obligations [Member]
Investment securities available for sale, at fair value	217,616	224,765
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	217,616	224,765
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value	217,616	224,765
Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value
Collateralized Mortgage Backed Securities [Member]
Investment securities available for sale, at fair value	36,030	36,710
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	36,030	36,710
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value	36,030	36,710
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value
US States and Political Subdivisions Debt Securities [Member]
Investment securities available for sale, at fair value	27,640	26,547
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	27,640	26,547
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value	27,640	26,547
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value
Corporate Debt Securities [Member]
Investment securities available for sale, at fair value	64,281	64,748
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	64,281	64,748
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value	61,257	61,777
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	3,024	2,971
Asset-backed Securities [Member]
Investment securities available for sale, at fair value	14,800	15,149
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	14,800	15,149
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value	14,800	15,149
Asset-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value
Collateralized Debt Obligations [Member]
Investment securities available for sale, at fair value	1,961	1,820
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	1,961	1,820
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale, at fair value
Collateralized Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	$ 1,961	$ 1,820

Note 7 - Fair Value of Financ54

Note 7 - Fair Value of Financial Instruments - SBA Servicing Assets Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Beginning balance, servicing assets	$ 5,352	$ 4,886
Additions	211	242
Fair value adjustments	(265)	(70)
Ending balance, servicing assets	$ 5,298	$ 5,058

Note 7 - Fair Value of Financ55

Note 7 - Fair Value of Financial Instruments - Assets Measured on a Recurring Basis Using Significant Unobservable Inputs (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Collateralized Debt Obligations [Member]
Balance	$ 1,820	$ 1,883
Unrealized (losses) gains	141	(24)
Paydowns
Proceeds from sales
Realized (losses) gains
Impairment charges on Level 3		(1)
Balance	1,820	1,883	$ 1,961	$ 1,858
Corporate Debt Securities [Member]
Balance	2,971	2,834
Unrealized (losses) gains	53	10
Paydowns
Proceeds from sales
Realized (losses) gains
Impairment charges on Level 3
Balance	$ 2,971	$ 2,834	$ 3,024	$ 2,844

Note 7 - Fair Value of Financ56

Note 7 - Fair Value of Financial Instruments - Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Impaired loans	$ 8,677	$ 9,110
Other real estate owned	496	8,563
Fair Value, Inputs, Level 1 [Member]
Impaired loans
Other real estate owned
Fair Value, Inputs, Level 2 [Member]
Impaired loans
Other real estate owned
Fair Value, Inputs, Level 3 [Member]
Impaired loans	8,677	9,110
Other real estate owned	$ 496	$ 8,563

Note 7 - Fair Value of Financ57

Note 7 - Fair Value of Financial Instruments - Quantitative Information about Level 3 Assets (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Income Approach Valuation Technique [Member] | Corporate Debt Securities [Member]
Fair Value		$ 3,024	$ 2,971
Valuation Technique		Discounted Cash Flows	Discounted Cash Flows
Unobservable Input		Discount Rate	Discount Rate
Income Approach Valuation Technique [Member] | Corporate Debt Securities [Member] | Weighted Average [Member]
Discount Rate		5.06%	4.68%
Income Approach Valuation Technique [Member] | Collateralized Debt Obligations [Member]
Fair Value		$ 1,961	$ 1,820
Valuation Technique		Discounted Cash Flows	Discounted Cash Flows
Unobservable Input		Discount Rate	Discount Rate
Income Approach Valuation Technique [Member] | Collateralized Debt Obligations [Member] | Weighted Average [Member]
Discount Rate		8.36%	9.08%
Income Approach Valuation Technique [Member] | Collateralized Debt Obligations [Member] | Minimum [Member]
Discount Rate		8.13%	8.85%
Income Approach Valuation Technique [Member] | Collateralized Debt Obligations [Member] | Maximum [Member]
Discount Rate		8.63%	9.35%
Income Approach Valuation Technique [Member] | SBA Servicing Assets [Member]
Fair Value		$ 5,298	$ 5,352
Valuation Technique		Discounted Cash Flows	Discounted Cash Flows
Unobservable Input		Conditional Prepayment Rate	Conditional Prepayment Rate
Unobservable Input		Discount Rate	Discount Rate
Income Approach Valuation Technique [Member] | SBA Servicing Assets [Member] | Weighted Average [Member]
Discount Rate		10.00%	10.00%
Conditional prepayment rate		6.58%	6.12%
Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Fair Value		$ 8,677	$ 9,110
Valuation Technique	[1]	Appraised Value of Collateral (1)	Appraised Value of Collateral (1)
Unobservable Input	[2]	Liquidation expenses (2)	Liquidation expenses (2)
Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Weighted Average [Member]
Liquidation expenses	[3]	12.00%	11.00%
Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Minimum [Member]
Liquidation expenses	[3]	10.00%	7.00%
Market Approach Valuation Technique [Member] | Impaired Loans [Member] | Maximum [Member]
Liquidation expenses	[3]	23.00%	20.00%
Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member]
Fair Value		$ 496	$ 8,563
Valuation Technique	[1]	Appraised Value of Collateral (1)	Appraised Value of Collateral (1)
Unobservable Input	[2]	Liquidation expenses (2)	Liquidation expenses (2)
Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member]
Liquidation expenses	[3]	9.00%	17.00%
Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Minimum [Member]
Liquidation expenses	[3]	7.00%	5.00%
Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Maximum [Member]
Liquidation expenses	[3]	20.00%	76.00%
Sales Price Valuation Technique [Member] | Impaired Loans [Member]
Valuation Technique			Sales Price
Unobservable Input	[2]		Liquidation expenses (2)
Sales Price Valuation Technique [Member] | Impaired Loans [Member] | Weighted Average [Member]
Liquidation expenses	[3]		7.00%
Sales Price Valuation Technique [Member] | Other Real Estate Owned [Member]
Valuation Technique		Sales Price	Sales Price
Unobservable Input	[2]	Liquidation expenses (2)	Liquidation expenses (2)
Sales Price Valuation Technique [Member] | Other Real Estate Owned [Member] | Weighted Average [Member]
Liquidation expenses	[3]	7.00%	7.00%
Sales Price Valuation Technique [Member] | Other Real Estate Owned [Member] | Minimum [Member]
Liquidation expenses	[3]	7.00%	7.00%
Sales Price Valuation Technique [Member] | Other Real Estate Owned [Member] | Maximum [Member]
Liquidation expenses	[3]	8.00%	8.00%
[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]	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 Financ58

Note 7 - Fair Value of Financial Instruments - Disclosure of Mortgage Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Aggregate Unpaid Principal Balance	$ 19,052	$ 23,428
Excess Carrying Amount Over Aggregate Unpaid Principle Balance	701	483
Reported Value Measurement [Member]
Carrying Amount	$ 19,753	$ 23,911

Note 7 - Fair Value of Financ59

Note 7 - Fair Value of Financial Instruments - SBA Servicing Assets Sensitivity Analysis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Fair Value of SBA Servicing Asset	$ 5,298	$ 5,352	$ 5,058	$ 4,886
Composition of SBA loans serviced for others	100.00%	100.00%
Weighted Average Remaining Term (in years) (Year)	20 years 328 days	21 years 36 days
Prepayment Speed	6.58%	6.12%
Effect on fair value of a 10% increase	$ (164)	$ (161)
Effect on fair value of a 20% increase	$ (321)	$ (316)
Weighted Average Discount Rate	10.00%	10.00%
Effect on fair value of a 10% increase	$ (220)	$ (226)
Effect on fair value of a 20% increase	$ (423)	$ (435)
Fixed Rate SBA Loans [Member]
Composition of SBA loans serviced for others	0.00%	0.00%
Adjustable Rate SBA Loans [Member]
Composition of SBA loans serviced for others	100.00%	100.00%

Note 7 - Fair Value of Financ60

Note 7 - Fair Value of Financial Instruments - Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016	Dec. 31, 2015
Investment securities available for sale, at fair value	$ 362,328	$ 369,739
Investment securities held to maturity, at fair value	413,699	425,183
Fair Value of SBA Servicing Asset	5,298	5,352	$ 5,058	$ 4,886
Reported Value Measurement [Member]
Cash and cash equivalents	36,591	34,554
Investment securities available for sale, at fair value	362,328	369,739
Investment securities held to maturity, at fair value	421,850	432,499
Restricted stock	1,366	1,366
Loans held for sale	25,098	28,065
Loans receivable, net	1,016,962	955,817
Fair Value of SBA Servicing Asset	5,298	5,352
Accrued interest receivable	5,987	5,497
Demand, savings and money market	1,614,079	1,566,506
Time	106,433	111,164
Subordinated debt	21,648	21,881
Accrued interest payable	490	444
Commitments to extend credit
Standby letters-of-credit
Reported Value Measurement [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative asset	3	103
Derivative liability	270	125
Reported Value Measurement [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative asset	8	229
Derivative liability	125	38
Reported Value Measurement [Member] | Interest Rate Lock Commitments [Member]
Derivative asset	831	439
Derivative liability	7	55
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	36,591	34,554
Investment securities available for sale, at fair value	362,328	369,739
Investment securities held to maturity, at fair value	413,699	425,183
Restricted stock	1,366	1,366
Loans held for sale	25,237	28,267
Loans receivable, net	995,394	937,944
Fair Value of SBA Servicing Asset	5,298	5,352
Accrued interest receivable	5,987	5,497
Demand, savings and money market	1,614,079	1,566,506
Time	104,888	110,988
Subordinated debt	16,927	16,286
Accrued interest payable	490	444
Commitments to extend credit
Standby letters-of-credit
Estimate of Fair Value Measurement [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative asset	3	103
Derivative liability	270	125
Estimate of Fair Value Measurement [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative asset	8	229
Derivative liability	125	38
Estimate of Fair Value Measurement [Member] | Interest Rate Lock Commitments [Member]
Derivative asset	831	439
Derivative liability	7	55
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	36,591	34,554
Investment securities available for sale, at fair value
Investment securities held to maturity, at fair value
Restricted stock
Loans held for sale
Loans receivable, net
Fair Value of SBA Servicing Asset
Accrued interest receivable
Demand, savings and money market
Time
Subordinated debt
Accrued interest payable
Commitments to extend credit
Standby letters-of-credit
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative asset
Derivative liability
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative asset
Derivative liability
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Lock Commitments [Member]
Derivative asset
Derivative liability
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Investment securities available for sale, at fair value	357,343	364,948
Investment securities held to maturity, at fair value	413,699	425,183
Restricted stock	1,366	1,366
Loans held for sale	19,753	23,911
Loans receivable, net
Fair Value of SBA Servicing Asset
Accrued interest receivable	5,987	5,497
Demand, savings and money market	1,614,079	1,566,506
Time	104,888	110,988
Subordinated debt
Accrued interest payable	490	444
Commitments to extend credit
Standby letters-of-credit
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative asset	3	103
Derivative liability	270	125
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative asset	8	229
Derivative liability	125	38
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Lock Commitments [Member]
Derivative asset	831	439
Derivative liability	7	55
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Investment securities available for sale, at fair value	4,985	4,791
Investment securities held to maturity, at fair value
Restricted stock
Loans held for sale	5,484	4,356
Loans receivable, net	995,394	937,944
Fair Value of SBA Servicing Asset	5,298	5,352
Accrued interest receivable
Demand, savings and money market
Time
Subordinated debt	16,927	16,286
Accrued interest payable
Commitments to extend credit
Standby letters-of-credit
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative asset
Derivative liability
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative asset
Derivative liability
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Lock Commitments [Member]
Derivative asset
Derivative liability

Note 8 - Changes in Accumulat61

Note 8 - Changes in Accumulated Other Comprehensive Income (Loss) By Component (1) - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Balance	[1]	$ (7,294)	$ (3,165)	$ (3,165)
Unrealized gain on securities	[1]	623	2,122	(3,853)
Amounts reclassified from accumulated other comprehensive income to net income (2)	[1],[2]	27	(152)	(276)
Net current-period other comprehensive income	[1]	650	1,970	(4,129)
Balance	[1]	(6,644)	(1,195)	(7,294)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Balance	[1]	(6,831)	(2,562)	(2,562)
Unrealized gain on securities	[1]	623	2,122	(3,853)
Amounts reclassified from accumulated other comprehensive income to net income (2)	[1],[2]		(189)	(416)
Net current-period other comprehensive income	[1]	623	1,933	(4,269)
Balance	[1]	(6,208)	(629)	(6,831)
Accumulated Net Investment Gain (Loss) on Securities Transferred from Available-for-Sale to Held-to-Maturity [Member]
Balance	[1]	(463)	(603)	(603)
Unrealized gain on securities	[1]
Amounts reclassified from accumulated other comprehensive income to net income (2)	[1],[2]	27	37	140
Net current-period other comprehensive income	[1]	27	37	140
Balance	[1]	$ (436)	$ (566)	$ (463)
[1]	All amounts are net of tax. Amounts in parentheses indicate reductions to other comprehensive income.
[2]	Reclassification amounts are reported as gains on sales of investment securities, impairment losses, and amortization of net unrealized losses on the Consolidated Statement of Operations.

Note 9 - Business Combination62

Note 9 - Business Combination (Details Textual) - Oak Mortgage [Member] $ in Thousands	Jul. 28, 2016USD ($)
Payments to Acquire Businesses, Gross	$ 7,136
Escrow Deposit	$ 1,000
Period Before Escrow Disbursement	1 year

Note 9 - Business Combination -

Note 9 - Business Combination - Consideration Paid and Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 28, 2016	Mar. 31, 2017	Dec. 31, 2016
Liabilities assumed:
Goodwill resulting from acquisition of Oak Mortgage		$ 5,011	$ 5,011
Oak Mortgage [Member]
Cash	$ 7,136
Equity instruments	202
Deferred additional purchase price	500
Value of consideration	7,838
Assets acquired:
Cash and cash equivalents	1,223
Loans held for sale	20,871
Loans receivable	1,132
Premises and equipment	103
Derivative assets	1,508
Intangible assets – non compete agreements	104
Other assets	125
Total assets	25,066
Liabilities assumed:
Warehouse lines of credit	19,666
Derivative liabilities	412
Other liabilities	2,161
Total liabilities	22,239
Net assets acquired	2,827
Goodwill resulting from acquisition of Oak Mortgage	5,011
Oak Mortgage [Member] | Changes Measurement [Member]
Cash
Equity instruments
Deferred additional purchase price
Value of consideration
Assets acquired:
Cash and cash equivalents
Loans held for sale
Loans receivable
Premises and equipment
Derivative assets
Intangible assets – non compete agreements
Other assets
Total assets
Liabilities assumed:
Warehouse lines of credit
Derivative liabilities
Other liabilities	119
Total liabilities	119
Net assets acquired	(119)
Goodwill resulting from acquisition of Oak Mortgage	119
Oak Mortgage [Member] | Original Estimate [Member]
Cash	7,136
Equity instruments	202
Deferred additional purchase price	500
Value of consideration	7,838
Assets acquired:
Cash and cash equivalents	1,223
Loans held for sale	20,871
Loans receivable	1,132
Premises and equipment	103
Derivative assets	1,508
Intangible assets – non compete agreements	104
Other assets	125
Total assets	25,066
Liabilities assumed:
Warehouse lines of credit	19,666
Derivative liabilities	412
Other liabilities	2,042
Total liabilities	22,120
Net assets acquired	2,946
Goodwill resulting from acquisition of Oak Mortgage	$ 4,892

Note 9 - Business Combination64

Note 9 - Business Combination - Pro Forma Information (Details) - Oak Mortgage [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Total revenues	$ 17,460
Net income	$ 1,484

Note 10 - Goodwill and Other 65

Note 10 - Goodwill and Other Intangibles - Summary of Goodwill and Other Intangibles (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Goodwill	$ 5,011
Goodwill, additions/adjustments
Goodwill	5,011
Non-compete agreements	61
Non-compete agreements, additions/adjustments
Amortization	(26)
Non-compete agreements	$ 35
Non-compete agreements, amortization period (Year)	1 year
Total	$ 5,072
Additions/adjustments
Total	$ 5,046

Note 11 - Derivatives and Ris66

Note 11 - Derivatives and Risk Management Activities (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)
Derivative, Gain (Loss) on Derivative, Net	$ 0

Note 11 - Derivatives and Ris67

Note 11 - Derivatives and Risk Management Activities - Amounts Recorded in Statement to Financial Condition (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Other Assets [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Asset, Fair Value	$ 3	$ 103
Derivative Asset, Notional Amount	2,467	8,586
Other Assets [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Asset, Fair Value	8	229
Derivative Asset, Notional Amount	2,500	18,373
Other Assets [Member] | Interest Rate Lock Commitments [Member]
Derivative Asset, Fair Value	831	439
Derivative Asset, Notional Amount	33,875	20,792
Other Liabilities [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Liability, Fair Value	270	125
Derivative Liability, Notional Amount	35,290	18,963
Other Liabilities [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Liability, Fair Value	125	38
Derivative Liability, Notional Amount	16,527	5,024
Other Liabilities [Member] | Interest Rate Lock Commitments [Member]
Derivative Liability, Fair Value	7	55
Derivative Liability, Notional Amount	$ 3,882	$ 6,757

Note 11 - Derivatives and Ris68

Note 11 - Derivatives and Risk Management Activities - Derivative Instrument Gain (Loss) Recorded in Statement of Income (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Gain (Loss), Net		$ 0
Not Designated as Hedging Instrument [Member] | Mortgage Banking Income [Member] | Best Efforts Forward Loan sales Commitments [Member] | Liability Derivatives [Member]
Derivative Gain (Loss), Net	$ (145,000)
Not Designated as Hedging Instrument [Member] | Mortgage Banking Income [Member] | Mandatory Forward Loan Sales Commitments [Member] | Liability Derivatives [Member]
Derivative Gain (Loss), Net	(87,000)
Not Designated as Hedging Instrument [Member] | Mortgage Banking Income [Member] | Asset Derivatives [Member] | Best Efforts Forward Loan sales Commitments [Member]
Derivative Gain (Loss), Net	(100,000)
Not Designated as Hedging Instrument [Member] | Mortgage Banking Income [Member] | Asset Derivatives [Member] | Mandatory Forward Loan Sales Commitments [Member]
Derivative Gain (Loss), Net	(221,000)
Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument [Member] | Mortgage Banking Income [Member] | Liability Derivatives [Member]
Derivative Gain (Loss), Net	48,000
Interest Rate Lock Commitments [Member] | Not Designated as Hedging Instrument [Member] | Mortgage Banking Income [Member] | Asset Derivatives [Member]
Derivative Gain (Loss), Net	$ 392,000