Note 3 - Acquisition Activity (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	Acquired from TPB			Fair Value Adjustments			Fair Value as of August 31, 2018
Assets Acquired:
Cash and cash equivalents	$	3,085		$	—		$	3,085
Investment securities, available-for-sale		5,977			—			5,977
Federal Home Loan Bank stock, at cost		565			—			565
Loans		156,772			(2,195	)		154,577
Allowance for loan losses		(1,702	)		1,702			—
Net loans		155,070			(493	)		154,577
Premises and equipment, net		1,198			17			1,215
Other real estate owned		85			—			85
Other assets		551			(328	)		223
Core deposit intangible		—			2,048			2,048
Total assets acquired	$	166,531		$	1,244		$	167,775
Liabilities Assumed:
Deposits		140,033			342			140,375
Short-term borrowings		10,000			—			10,000
Other liabilities		437			—			437
Total liabilities assumed		150,470			342			150,812
Shareholders’ Equity Assumed:
Common stock		1,027			(1,027	)		—
Surplus		5,280			(5,280	)		—
Accumulated other comprehensive income, net of tax		17			(17	)		—
Retained earnings		9,737			(9,737	)		—
Total shareholders’ equity assumed		16,061			(16,061	)		—
Total liabilities and shareholders’ equity assumed	$	166,531		$	(15,719	)	$	150,812
Net assets acquired							$	16,963
Purchase price								24,398
Goodwill							$	7,435

Business Combination, Loans Acquired [Table Text Block]

	August 31, 2018
	Acquired from TPB		Fair Value Adjustments			Fair Value as of August 31, 2018
	(Dollars in Thousands)
Purchased performing loans	$	153,862	$	(2,116	)	$	151,746
Purchased credit impaired loans		2,910		(79	)		2,831
Total purchased loans	$	156,772	$	(2,195	)	$	154,577

Business Acquisition, Pro Forma Information [Table Text Block]

	Year Ended
	December 31,
	2018		2017
	(Dollars in Thousands, Except Per Share Data)
Summary of Operations
Net interest income	$	37,630	$	35,104
Provision for loan and lease losses		2,622		2,242
Net interest income after provision for loan and lease losses		35,008		32,862
Non-interest income		5,786		5,472
Non-interest expense		35,251		32,666
Income before income taxes		5,543		5,668
Provision for income taxes		1,440		4,037
Net income	$	4,103	$	1,631
Basic net income per share	$	0.66	$	0.26
Diluted net income per share	$	0.62	$	0.24