Note I - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

December 31,	2019			2018
Deferred tax assets:
Allowance for loan losses	$	883		$	1,121
Employee benefit plans' liabilities		3,189			3,117
Unrealized loss on available for sale securities, charged from equity					973
Loss on credit impairment of securities		356			356
Earned retiree health benefits plan liability		1,049			1,048
General business and AMT credits		1,707			1,750
Tax net operating loss carryforward		2,048			2,118
Other		863			943
Valuation allowance		(7,099	)		(8,642	)
Deferred tax assets		2,996			2,784
Deferred tax liabilities:
Unrealized gain on available for sale securities, charged from equity		342
Unearned retiree health benefits plan asset		381			298
Bank premises and equipment		2,047			2,235
Other		226			251
Deferred tax liabilities		2,996			2,784
Net deferred taxes	$			$

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

Years Ended December 31,	2019			2018			2017
Current	$			$	(36	)	$	(1,080	)
Deferred:
Federal		166			(425	)		4,023
Change in valuation allowance		(166	)		425			(4,023	)
Total deferred
Totals	$			$	(36	)	$	(1,080	)

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

	2019						2018						2017
	Tax			Rate			Tax			Rate			Tax			Rate
Taxes computed at statutory rate	$	321			21		$	125			21		$	571			34
Increase (decrease) resulting from:
Tax-exempt interest income		(172	)		(11	)		(206	)		(35	)		(362	)		(22	)
Income from BOLI		(92	)		(6	)		(96	)		(16	)		(302	)		(18	)
Federal tax credits		(20	)		(1	)		(298	)		(50	)		(298	)		(18	)
Other		129			8			50			8			(656	)		(39	)
Impact of tax rate change														3,990			238
Change in valuation allowance for enacted change in tax rates														(3,990	)		(238	)
Realization of AMT credit								(36	)		(6	)		(742	)		(44	)
Other changes in valuation allowance		(166	)		(11	)		425			72			709			42
Total income tax (benefit) expense	$						$	(36	)		(6	)	$	(1,080	)		(65	)