Note 16 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

(Dollars In Thousands)	20 16			2015
Current	$	1,496		$	1,514
Deferred		(56	)		81
Income tax expense	$	1,440		$	1,595

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

(Dollars In Thousands)	2016			2015
Tax at statutory federal rate	$	1,367		$	1,770
Tax-exempt interest income		(201	)		(196	)
Cash surrender value of life insurance		(63	)		(55	)
Incentive stock options		261			47
Other		76			29
Income tax expense	$	1,440		$	1,595

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

(Dollars In Thousands)	201 6		2015
Deferred tax assets
Pre-opening expenses	$	62	$	78
Allowance for loan losses		693		518
Stock-based compensation		–		236
Deferred compensation		226		107
Other real estate expenses		280		143
Unrealized loss on securities available for sale		29		–
Nonaccrual loan interest		17		11
Other		21		–
Deferred tax asset		1,328		1,093
Deferred tax liabilities
Property and equipment		305		327
Unrealized gain on securities available for sale		–		204
Deferred loan fees		980		821
Other		13		–
Deferred tax liability		1,298		1,352
Net deferred tax asset (liability)	$	30	$	(259	)