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Note 16 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2015
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(Dollars In Thousands)

 

2015

   

2014

 

Current

  $ 1,514     $ 731  

Deferred

    81       856  

Income tax expense

  $ 1,595     $ 1,587  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

(Dollars In Thousands)

 

2015

   

2014

 

Tax at statutory federal rate

  $ 1,770     $ 1,701  

Tax-exempt interest income

    (196 )     (136 )

Cash surrender value of life insurance

    (55 )     (35 )

Incentive stock options

    47       19  

Other

    29       38  

Income tax expense

  $ 1,595     $ 1,587  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(Dollars In Thousands)

 

2015

   

2014

 

Deferred tax assets

               

Pre-opening expenses

  $ 78     $ 94  

Allowance for loan losses

    518       513  

Stock-based compensation

    236       236  

Deferred compensation

    107       44  

Other real estate expenses

    143       175  

Nonaccrual loan interest

    11       14  

Deferred tax asset

    1,093       1,076  
                 

Deferred tax liabilities

               

Property and equipment

    327       360  

Unrealized gain on securities available for sale

    204       235  

Deferred loan fees

    821       721  

Deferred tax liability

    1,352       1,316  

Net deferred tax liability

  $ (259 )   $ (240 )