Note 7 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	For the Three Months Ended March 31,
	2020						2019
(dollars in thousands)	Amount			%			Amount			%
Provision at statutory tax rates	$	528			21.00	%	$	670			21.00	%
Add (deduct):
Tax effects of tax free interest income		(106	)		(4.22	)%		(106	)		(3.32	)%
Non-deductible interest expense		5			0.19	%		5			0.15	%
Bank-owned life insurance		(27	)		(1.07	)%		(28	)		(0.86	)%
Other items, net		52			2.07	%		14			0.43	%
Income tax provision	$	452			17.97	%	$	555			17.40	%