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Note 11 - Income Taxes - Schedule of Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Expected tax using statutory tax rate $ 3,502 $ 2,578 $ 2,047
Tax-exempt income on state and municipal securities and political subdivision loans (472) (386) (358)
Tax-exempt income on life insurance contracts (77) (82) (83)
Deductible dividends paid to United Bancshares, Inc. ESOP (44) (42) (37)
Tax-exempt settlement (416)
Other, net 13 (37) (40)
Total provision for income taxes $ 2,922 $ 1,615 $ 1,529