Note 12 - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

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

	Six Months Ended June 30,
	201 6			2015
Income tax provision:
Current:
Federal	$	170		$	--
State		120			--
Total current		290			--
Deferred:
Federal		2,486			1,735
State		405			523
Valuation allowance		(897	)		(120	)
Total deferred		1,994			2,138
Total	$	2,284		$	2,138

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

	Six Months Ended June 30,
	2016					2015
Taxes at statutory federal income tax rate	$	3,559		35.0	%	$	2,359		34.0	%
Increase (decrease) resulting from:
Graduated tax rates		(100	)	(1.0	)		--		--
State income tax—net of federal benefits		361		3.6			226		3.3
Valuation allowance—net		(897	)	(8.8	)		--		--
Earnings on life insurance policies		(274	)	(2.7	)		(251	)	(3.6	)
Nontaxable investments		(284	)	(2.8	)		(302	)	(4.4	)
Other—net		(81	)	(0.8	)		106		1.5
Total	$	2,284		22.5	%	$	2,138		30.8	%

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

	June 30, 2016			December 31, 2015
Deferred tax assets:
Allowance for loan and lease losses	$	7,818		$	7,580
Discount on purchased loans		2,298			2,584
Real estate owned		1,557			1,743
Section 382 net operating loss carryforward		2,045			2,114
Net operating loss carryforward		4,801			7,710
Nonaccrual loan interest		1,356			1,266
Other		1,663			1,365
Total deferred tax assets		21,538			24,362
Valuation allowance		--			(897	)
Deferred tax asset, net of allowance		21,538			23,465
Deferred tax liabilities:
Office properties		(2,871	)		(2,990	)
Core deposit intangible		(2,428	)		(2,562	)
Unrealized gain on securities available for sale		(1,123	)		(239	)
Other		(1,287	)		(961	)
Total deferred tax liabilities		(7,709	)		(6,752	)
Net deferred tax asset	$	13,829		$	16,713