Note 16 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

(Dollars In Thousands)	2018			2017
Current	$	1,053		$	1,351
Deferred		(208	)		(123	)
Income tax expense	$	845		$	1,228

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

(Dollars In Thousands)	2018			2017
Tax at statutory federal rate	$	1,017		$	1,291
Tax-exempt interest income		(55	)		(116	)
Earnings on Bank Owned Life Insurance		(177	)		(68	)
Stock awards		(30	)		24
Tax impact from enacted change in tax rate		–			100
Facilitative merger costs		88			–
Other		2			(3	)
Income tax expense	$	845		$	1,228

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

(Dollars In Thousands)	2018		2017
Deferred tax assets
Pre-opening expenses	$	18	$	28
Allowance for loan losses		689		528
Deferred compensation		286		215
Other real estate expenses		88		187
Unrealized loss on securities available for sale		216		38
Nonaccrual loan interest		20		9
Other		17		17
Deferred tax asset		1,334		1,022
Deferred tax liabilities
Property and equipment		179		230
Deferred loan fees and costs		607		613
Other		–		17
Deferred tax liability		786		860
Net deferred tax asset	$	548	$	162