Note 10 - Accrued Expenses
|12 Months Ended|
Dec. 31, 2015
|Notes to Financial Statements|
|Accounts Payable and Accrued Liabilities Disclosure [Text Block]||
Accrued expenses at December 31 include the following (in thousands):
The Company has an individual Management Incentive Plan (“MIP”) for each of our CEO, Chief Financial Officer (“CFO”) and COO, which awards cash compensation based on achievement of certain performance targets for fiscal year 2015. A total of approximately $214,000 (included in “salaries and employee benefits”) was accrued under the three MIPs for 2015. Such amounts are expected to be paid during the second quarter of 2016. No performance incentive payments were made under any of the MIPs in 2014.
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://www.xbrl.org/2003/role/presentationRef