Note 12 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2016

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	Three Months Ended March 31,
	201 6		2015
Income tax provision:
Current:
Federal	$	76	$	--
State		62		--
Total current		138		--
Deferred:
Federal		1,111		735
State		187		150
Total deferred		1,298		885
Total	$	1,436	$	885

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Three Months Ended March 31,
	2016					2015
Taxes at statutory federal income tax rate	$	1,673		35.0	%	$	1,072		34.0	%
Increase (decrease) resulting from:
Graduated tax rates		(48	)	(1.0	)		--		--
State income tax—net of federal benefits		163		3.4			99		3.1
Earnings on life insurance policies		(130	)	(2.7	)		(125	)	(4.0	)
Nontaxable investments		(146	)	(3.1	)		(148	)	(4.6	)
Other—net		(76	)	(1.6	)		(13	)	(0.4	)
Total	$	1,436		30.0	%	$	885		28.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	March 31, 2016			December 31, 2015
Deferred tax assets:
Allowance for loan and lease losses	$	7,705		$	7,580
Discount on purchased loans		2,419			2,584
Real estate owned		1,731			1,743
Section 382 net operating loss carryforward		2,080			2,114
Net operating loss carryforward		6,289			7,710
Nonaccrual loan interest		1,341			1,266
Other		1,457			1,365
Total deferred tax assets		23,022			24,362
Valuation allowance		(897	)		(897	)
Deferred tax asset, net of allowance		22,125			23,465
Deferred tax liabilities:
Office properties		(2,946	)		(2,990	)
Core deposit intangible		(2,495	)		(2,562	)
Unrealized gain on securities available for sale		(638	)		(239	)
Other		(1,037	)		(961	)
Total deferred tax liabilities		(7,116	)		(6,752	)
Net deferred tax asset	$	15,009		$	16,713