Note 11 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	March 31,		December 31,
	20 20		201 9
	(in thousands)
Deferred tax assets:
Net operating loss carry-forward	$	22,403	$	22,915
Allowance for loan losses		2,283		2,090
OREO write-down		2,665		2,665
Alternative minimum tax credit carry-forward		—		173
Net assets from acquisitions		188		228
Net unrealized loss on securities		646		—
New market tax credit carry-forward		208		208
Nonaccrual loan interest		310		303
Accrued expenses		99		102
Lease liability		719		766
Other		295		309
		29,816		29,759
Deferred tax liabilities:
FHLB stock dividends		563		563
Fixed assets		49		57
Deferred loan costs		170		170
Net unrealized gain on securities		—		331
Lease right-of-use assets		719		766
Other		107		107
		1,608		1,994
Net deferred tax asset	$	28,208	$	27,765