Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

December 31, (In thousands)	2016		2015		2014
Currently payable	$	5,556	$	3,662	$	2,168
Deferred		885		1,631		3,931
Income tax expense	$	6,441	$	5,293	$	6,099

Schedule of Components of Income Tax Expense (Benefit) Recorded to Shareholders' Equity [Table Text Block]

December 31, (In thousands)	2016			2015			2014
Unfunded status of postretirement benefits	$	211		$	(74	)	$	(382	)
Net unrealized securities (losses) gains		(3,545	)		(1,052	)		4,737
Total income tax (benefit) expense recorded directly to shareholders’ equity	$	(3,334	)	$	(1,126	)	$	4,355

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

December 31,	2016			2015			2014
Federal statutory rate		35.0	%		35.0	%		35.0	%
Changes from statutory rates resulting from:
Tax-exempt interest		(4.6	)		(5.8	)		(5.2	)
Nondeductible interest to carry tax-exempt obligations		.2			.2			.2
Premium income not subject to tax		(1.3	)		(1.5	)		(1.2	)
Company-owned life insurance		(1.5	)		(1.6	)		(1.9	)
Uncertain tax position		-			-			(.3	)
Other, net		.1			(.2	)		.4
Effective tax rate on pretax income		27.9	%		26.1	%		27.0	%

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

December 31, (In thousands)	2016		2015
Assets
Allowance for loan losses	$	3,285	$	3,625
Deferred directors’ fees		236		242
Postretirement benefit obligations		5,825		5,665
Other real estate owned		1,303		1,968
Self-funded insurance		232		230
Paid time off		815		756
Depreciation		1,630		1,440
Intangibles		1,878		2,432
Unrealized loss on available for sale investment securities, net		1,811		-
Other		239		307
Total deferred tax assets		17,254		16,665
Liabilities
Unrealized gains on available for sale investment securities, net		-		1,734
Prepaid expenses		153		306
Federal Home Loan Bank stock dividends		1,035		1,035
Deferred loan fees		846		806
Other		52		65
Total deferred tax liabilities		2,086		3,946
Net deferred tax asset	$	15,168	$	12,719