Note 22 - Condensed Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Condensed Balance Sheet [Table Text Block]

CONDENSED BALANCE SHEETS
Dollars In Thousands	December 31, 2018		December 31, 2017
Assets
Cash and due from banks	$	70	$	313
Investment in bank subsidiary		60,492		57,333
Other assets		98		3
Total assets	$	60,660	$	57,649
Liabilities and Stockholders’ Equity
Other liabilities	$	25	$	12
Subordinated notes		7,285		7,254
Total liabilities		7,310		7,266
Stockholders’ equity:
Total stockholders’ equity		53,350		50,383
Total liabilities and stockholders’ equity	$	60,660	$	57,649

Condensed Income Statement [Table Text Block]

CONDENSED STATEMENTS OF INCOME
Dollars In Thousands	For the year ended December 31, 2018		For the year ended December 31, 2017
Dividend from Bank subsidiary	$	1,650	$	511
Income		1,650		511
Interest expense		536		537
Other expenses		1,064		272
Expenses		1,600		809
Net income (loss) before income taxes		50		(298	)
Income tax benefit		276		275
Net income (loss) before equity in undistributed net income of subsidiary		326		(23	)
Undistributed net income of subsidiary		3,628		2,519
Net Income	$	3,954	$	2,496

Condensed Cash Flow Statement [Table Text Block]

CONDENSED STATEMENTS OF CASH FLOWS
Dollars In Thousands	For the year ended December 31, 2018			For the year ended December 31, 2017
Cash flows from operating activities:
Net income	$	3,954		$	2,496
Equity in undistributed net income of subsidiary bank		(3,628	)		(2,519	)
Amortization expense on subordinated notes		31			30
Equity compensation expense		114
Increase in other assets		(95	)		(3	)
Increase in other liabilities		13			—
Net cash flows provided by operating activities		389			4
Cash flows from financing activities:
Common stock dividend		(697	)		—
Exercise of stock options		85			31
Net settlement of vested restricted stock		(20	)		(20	)
Net cash flows provided by (used in) financing activities		(632	)		11
Net increase (decrease) in cash and cash equivalents		(243	)		15
Cash and cash equivalents, beginning		313			298
Cash and cash equivalents, ending	$	70		$	313
Supplemental disclosure of cash flow information:
Cash payments for interest	$	506		$	506