Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

	2018			2017
	(Dollars in Thousands)
Federal
Current	$	(157	)	$	65
Deferred		859			3,105
Total federal		702			3,170
State
Current		59			143
Deferred		140			(278)
Total state		199			(135)
Total	$	901		$	3,035

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

	2018			2017
	(Dollars in Thousands)
Income tax expense at federal statutory rate	$	712		$	892
Increase (decrease) resulting from:
Tax-exempt interest		(119	)		(219	)
Bank-owned life insurance		(66	)		(109	)
State income tax expense, net of federal income taxes		137			54
Tax Reform adjustment		—			2,471
Other		237			(54	)
Total	$	901		$	3,035

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

	2018		2017
	(Dollars in Thousands)
Deferred tax assets:
Allowance for loan losses	$	1,228	$	1,197
Deferred compensation		1,064		1,045
Deferred commissions and fees		308		313
Impairment of other real estate owned		99		532
Federal net operating loss carryforwards		1,549		1,486
State net operating loss carryforwards		280		288
Federal alternative minimum tax and general business credits carryforwards		167		340
Unrealized loss on securities available-for-sale		797		400
Other		621		418
Total gross deferred tax assets		6,113		6,019
Deferred tax liabilities:
Premises and equipment		888		214
Core deposit intangible		463		—
Limited partnerships		122		81
Cash flow hedges		—		111
Other		31		24
Total gross deferred tax liabilities		1,504		430
Net deferred tax asset, included in other assets	$	4,609	$	5,589