Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

(In thousands)	Year Ended December 31,
	2019			2018			2017
Current:
Federal	$	88		$	447		$	252
State		149			708			365
		237			1,155			617
Deferred:
Federal		(698	)		148			2,067
State		(438	)		(413	)		191
		(1,136	)		(265	)		2,258
Income tax (benefit) expense	$	(899	)	$	890		$	2,875

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

(In thousands)	Year Ended December 31,
	2019			2018			2017
Income taxes at statutory Federal rate	$	(780	)	$	858		$	2,387
State taxes, net of Federal benefit		(228	)		233			377
Nondeductible expenses		14			15			11
Benefit of change in Sec 382 classification		-			(500	)		(2,774	)
Deferred tax adjustment resulting from tax rate change		-			198			2,809
Other		95			86			65
Income tax (benefit) expense	$	(899	)	$	890		$	2,875

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

(In thousands)	December 31,
	2019			2018
Deferred tax assets:
Federal NOL carryforward benefit	$	4,759		$	4,119
NOL write-off for Sec 382 Limit		(3,258	)		(3,258	)
Capitalized cost temporary item		3,929			4,239
State NOL carryforward benefit		3,341			3,025
Allowance for loan loss		2,718			2,048
Lease liabilities		882			-
Non-accrual interest		335			170
Merger and acquisition		220			357
Accrued expenses		114			178
Unrealized loss AFS securities		140			288
Share based compensation		13			109
Federal AMT benefit		-			707
Other		-			20
Gross deferred tax assets	$	13,193		$	12,002
Deferred tax liabilities:
UTP (NOLs used)		(1,132	)		(1,132	)
Right-of-Use assets		(849	)		-
Goodwill and intangible		(40	)		(16	)
Depreciation of premises and equipment		(34	)		(3	)
Other		(5	)		-
Gross deferred tax liabilities		(2,060	)		(1,151	)
Net deferred tax asset		11,133			10,851

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

(In thousands)	For the Year Ended December 31,
	2019		2018
Balance, beginning of year	$	1,132	$	-
Increases due to tax positions related to a prior year		88		1,132
Balance, end of year	$	1,220	$	1,132