Note I - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

December 31,	2022			2021
Deferred tax assets:
Allowance for loan losses	$	701		$	695
Employee benefit plans' liabilities		3,376			3,240
Unrealized loss on available for sale securities, charged from equity		10,029
Loss on credit impairment of securities		356			356
Earned retiree health benefits plan liability		1,126			1,098
General business and AMT credits		1,683			1,525
Tax net operating loss carryforward					1,575
Other		610			523
Valuation allowance		(13,090	)		(6,889	)
Deferred tax assets		4,791			2,123
Deferred tax liabilities:
Unrealized gain on available for sale securities, charged from equity					3
Unearned retiree health benefits plan asset		470			257
Bank premises and equipment		1,870			1,575
Other		5			288
Deferred tax liabilities		2,345			2,123
Net deferred taxes	$	2,446		$

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

Years Ended December 31,	2022			2021			2020
Current	$	15		$	62		$
Deferred:
Federal		1,188			1,482			(809	)
Change in valuation allowance		(3,634	)		(1,482	)		809
Total deferred		(2,446	)
Totals	$	(2,431	)	$	62		$

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

	2022						2021						2020
	Tax			Rate			Tax			Rate			Tax			Rate
Taxes computed at statutory rate	$	1,367			21		$	1,815			21		$	(578	)		(21	)
Increase (decrease) resulting from:
Tax-exempt interest income		(198	)		(3	)		(187	)		(2	)		(127	)		(5	)
Income from BOLI		(93	)		(1	)		(91	)		(1	)		(148	)		(5	)
Federal tax credits		(45	)		(1	)
Other		172			2			6						44			2
Other changes in valuation allowance		(3,634	)		(55	)		(1,481	)		(17	)		809			29
Total income tax expense	$	(2,431	)	$	(37	)	$	62		$	1		$