Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

(In thousands)	Year Ended December 31,
	2020			2019			2018
Current:
Federal	$	(100	)	$	88		$	447
State		86			149			708
		(14	)		237			1,155
Deferred:
Federal		(2,448	)		(698	)		148
State		2,125			(438	)		(413	)
		(323	)		(1,136	)		(265	)
Income tax (benefit) expense	$	(337	)	$	(899	)	$	890

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

(In thousands)	Year Ended December 31,
	2020			2019			2018
Income taxes at statutory Federal rate	$	(873	)	$	(780	)	$	858
State taxes, net of Federal benefit		(191	)		(228	)		233
Deferred tax valuation allowance		1,938			-			-
Reversal UTP on Federal DTA		(1,132	)		-			-
Nondeductible expenses		8			14			15
Benefit of change in Sec 382 classification		-			-			(500	)
Deferred tax adjustment resulting from tax rate change		-			-			198
Other		(87	)		95			86
Income tax (benefit) expense	$	(337	)	$	(899	)	$	890

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

(In thousands)	December 31,
	2020			2019
Deferred tax assets:
Federal NOL carryforward benefit	$	4,576		$	4,759
NOL write-off for Sec 382 Limit		(3,258	)		(3,258	)
Capitalized cost temporary item		3,627			3,929
State NOL carryforward benefit		3,306			3,341
Allowance for loan loss		3,869			2,718
Lease liabilities		775			882
Non-accrual interest		558			335
Merger and acquisition		204			220
Accrued expenses		201			114
Unrealized loss AFS securities		180			140
Share based compensation		8			13
Other		15			-
Gross deferred tax assets		14,061			13,193
Less deferred taxasset valuation allowance		(1,937	)		-
Total deferred tax assets		12,124			13,193
Deferred tax liabilities:
UTP (NOLs used)		-			(1,132	)
Right-of-Use assets		(736	)		(849	)
Goodwill and intangible		170			(40	)
Depreciation of premises and equipment		(32	)		(34	)
Other		(30	)		(5	)
Gross deferred tax liabilities		(628	)		(2,060	)
Net deferred tax asset		11,496			11,133

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

(In thousands)	Year Ended December 31,
	2020			2019		2018
Balance, beginning of year	$	1,220		$	1,132	$	-
Increases due to tax positions related to a prior year		65			88		1,132
Decreases to tax positions as a result of a lapse of statute		(1,285	)		-		-
Balance, end of year	$	-		$	1,220	$	1,132