Note 13 - Income Taxes - (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

	2019			2018			2017
	(Dollars in thousands)
Provision for Current Taxes - Federal	$	6,416		$	3,681		$	977
Provision (Credit) for Deferred Taxes		(336	)		(402	)		1,458
Adjustment to Deferred Taxes for Enactment of 21% Federal Statutory Rate on December 22, 2017		-			-			1,668
Total Provision for Income Taxes	$	6,080		$	3,279		$	4,103

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

	2019			2018			2017
	(Dollars in thousands)
Federal Statutory Income Tax	$	6,269		$	3,648		$	3,043
Tax Exempt Income		(556	)		(512	)		(701	)
Adjustment to Deferred Taxes for Enactment of 21% Federal Statutory Rate on December 22, 2017		-			-			1,668
Goodwill write-off		216			-			-
Other - Net		151			143			93
Total Provision for Income Taxes	$	6,080		$	3,279		$	4,103

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

	2019			2018
	(Dollars in thousands)
Allowance for Loan Losses	$	2,546		$	2,356
Acquried Loans Fair Market Value Adjustment		743			1,397
Acquired Securities Difference in Basis		43			(241	)
Amortization of Start-Up Costs		9			17
Stock Awards		734			718
Depreciation		(462	)		(517	)
Reserve on Unfunded Commitments		22			-
Unrealized Loss on Securities		(694	)		922
Other Real Estate		124			55
Core Deposit Intangible		(1,406	)		(1,656	)
Deposit Premium		-			67
Deferred Compensation		571			548
Alternative Minimum Tax Credit		-			193
Branch Closures		(115	)		(47	)
Net Operating Loss Carryforward		30			36
Net Deferred Tax Asset	$	2,145		$	3,848