XML 68 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 11 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
             

Year ended December 31,

 

2014

   

2013

 

Current Federal income taxes

  $ 2,276     $ 2,134  

Deferred Federal income taxes

    368       212  

Net provision

  $ 2,644     $ 2,346  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
             

December 31,

 

2014

   

2013

 

Deferred tax assets

               

Allowance for loan losses

  $ 2,720     $ 3,035  

Net unrealized holding losses on investment securities available-for-sale

    -       1,456  

Impaired securities

    477       546  

Non-credit OTTI on investment securities available-for-sale

    204       302  

Non-accrual interest income

    446       569  

OREO expenses

    44       41  

Deferred rent

    64       55  

Deferred revenue

    27       33  

Incurred but not reported (IBNR) medical expense

    39       24  

Other

    48       13  

Total deferred tax assets

    4,069       6,074  

Deferred tax liabilities

               

Depreciation

    90       231  

Mortgage servicing rights

    171       176  

Net unrealized holding gains on investment securities available-for-sale

    671       -  

Prepaid expenses

    188       149  

Other

    24       -  

Total deferred tax liabilities

    1,144       556  

Net deferred tax asset

  $ 2,925     $ 5,518  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
                             

Year ended December 31,

 

2014

   

2013

 
   

Dollar

   

%

   

Dollar

   

%

 

Provision at statutory rate

  $ 3,958       34.0 %   $ 3,651       34.0 %

Tax-exempt interest and dividend income

    (1,212 )     (10.4 )     (1,249 )     (11.7 )

Bank-owned life insurance

    (106 )     (0.9 )     (109 )     (1.0 )

Life insurance proceeds

    (54 )     (0.5 )     -       -  

Stock-based compensation expense

    28       0.2       24       0.2  

Other

    30       0.3       29       0.3  

Total provision

  $ 2,644       22.7 %   $ 2,346       21.8 %