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Note I - Income Taxes - Reconciliation of Federal Income Tax Rate (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Taxes computed at statutory rate, tax $ 321,000 $ 125,000 $ 571,000
Taxes computed at statutory rate, rate 21.00% 21.00% 34.00%
Tax-exempt interest income, tax $ (172,000) $ (206,000) $ (362,000)
Tax-exempt interest income, rate (11.00%) (35.00%) (22.00%)
Income from BOLI, tax $ (92,000) $ (96,000) $ (302,000)
Income from BOLI, rate (6.00%) (16.00%) (18.00%)
Federal tax credits, tax $ (20,000) $ (298,000) $ (298,000)
Federal tax credits, rate (1.00%) (50.00%) (18.00%)
Other, tax $ 129,000 $ 50,000 $ (656,000)
Other, rate 8.00% 8.00% (39.00%)
Impact of tax rate change, tax $ 3,990,000
Impact of tax rate change, rate 238.00%
Change in valuation allowance for enacted change in tax rates, tax $ (3,990,000)
Change in valuation allowance for enacted change in tax rates, rate (238.00%)
Realization of AMT credit, tax $ (36,000) $ (742,000)
Realization of AMT credit, rate (6.00%) (44.00%)
Other changes in valuation allowance, tax $ (166,000) $ 425,000 $ 709,000
Other changes in valuation allowance, rate (11.00%) 72.00% 42.00%
Totals $ 0 $ (36,000) $ (1,080,000)
Total income tax (benefit) expense, rate (6.00%) (65.00%)