Note 10 - Subsequent Event

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Business Combination Disclosure [Text Block]

Note

10:

Subsequent Event

Pursuant to the terms of an Agreement and Plan of Merger (the “Agreement”), Hometown Bancshares, Inc., a Missouri corporation (“Hometown”) merged with the Company on

April 2, 2018.

Under the terms of the Agreement, each share of Hometown common stock was exchanged for

$20.00

in cash and the transaction was valued at approximately

$4.6

million. In its

March 31, 2018,

unaudited financial statements, Hometown, reported total consolidated assets of

$182.1

million, total liabilities of

$176.1

million and total equity of

$6.0

million. Due to the timing of the merger, the Company is continuing to determine their preliminary fair values and the purchase price allocation. The Company expects to finalize the analysis of the acquired assets and liabilities over the new few months. The Company will record the merger using the acquisition method of accounting and will recognize the assets acquired and liabilities assumed at their fair values as of the date of acquisition. The result of the merger will be included in our consolidated operating results beginning on the acquisition date.