Note 12 - Income Taxes - (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

	2017		2016		2015
	(Dollars in thousands)
Provision (Credit) for Current Taxes - Federal	$	977	$	660	$	1,599
Provision (Credit) for Deferred Taxes		1,458		953		(74	)
Adjustment to Deferred Taxes for Enactment of 21%
Federal Statutory Rate on December 22, 2017		1,668		-		-
Total Provision for Income Taxes	$	4,103	$	1,613	$	1,525

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

	2017			2016			2015
	(Dollars in thousands)
Federal Statutory Income Tax at 34%	$	3,043		$	2,286		$	1,911
Tax Exempt Income		(701	)		(708	)		(559	)
Adjustment to Deferred Taxes for Enactment of 21%
Federal Statutory Rate on December 22, 2017		1,668			-			-
Other - Net		93			35			173
Total Provision for Income Taxes	$	4,103		$	1,613		$	1,525

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

	201 7			201 6
	(Dollars in thousands )
Allowance for Loan Losse s	$	1,841		$	2,775
Acquried Loans Fair Market Value Adjustmen t		470			2,168
Acquired Securities Difference in Basi s		(450	)		(744	)
Amortization of Start-Up Cost s		26			55
Stock Warrants and Option s		693			1,217
Depreciatio n		(476	)		(799	)
Interest on Acquired Nonaccrual Loan s		25			42
Unrealized Loss on Securitie s		437			1,201
Other Real Estat e		35			110
Core Deposit Intangibl e		(421	)		(775	)
Acquired FHLB Debt Fair Market Value Adjustmen t		-			228
Deferred Compensatio n		473			723
Alternative Minimum Tax Credi t		310			345
Net Operating Loss Carryforwar d		42			78
Net Deferred Tax Asse t	$	3,005		$	6,624