Note 11 - Income Taxes (Tables)

9 Months Ended

Sep. 30, 2017

Notes Tables

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

	Nine Months Ended September 30 ,
	201 7		201 6
Income tax provision:
Current:
Federal	$	3,935	$	254
State		224		196
Total current		4,159		450
Deferred:
Federal		2,234		4,351
State		1,057		764
Valuation allowance		--		(897	)
Total deferred		3,291		4,218
Total	$	7,450	$	4,668

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

	Nine Months Ended September 30 ,
	201 7					2016
Taxes at statutory federal income tax rate	$	8,455		35.0	%	$	6,053		35.0	%
Increase (decrease) resulting from:
Graduated tax rates		--		--			(31	)	(0.2	)
State income tax —net of federal benefits		832		3.4			619		3.6
Valuation allowance —net		--		--			(897	)	(5.2	)
Earnings on life insurance policies		(543	)	(2.2	)		(411	)	(2.4	)
Nontaxable investments		(903	)	(3.7	)		(436	)	(2.5	)
Other —net		(391	)	(1.7	)		(229	)	(1.3	)
Total	$	7,450		30.8	%	$	4,668		27.0	%

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

	September 30 , 2017			December 31, 201 6
Deferred tax assets:
Allowance for loan and lease losses	$	7,328		$	8,278
Discount on purchased loans		1,395			2,044
Real estate owned		719			263
Section 382 net operating loss carryforward		1,928			1,976
Net operating loss carryforward		--			1,346
Nonaccrual loan interest		1,269			1,471
Unrealized loss on securities available for sale		--			891
Other		1,460			1,923
Total deferred tax assets		14,099			18,192
Deferred tax liabilities:
Office properties		(2,741	)		(2,964	)
Core deposit intangible s		(2,142	)		(2,293	)
Prepaid expenses and other		(1,939	)		(1,316	)
Total deferred tax liabilities		(6,822	)		(6,573	)
Net deferred tax asset	$	7,277		$	11,619