Note 9 - Federal Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Federal Income Tax Note [Table Text Block]

(In Thousands of Dollars)	2013			2012			2011
Current expense	$	5,424		$	4,283		$	3,133
Deferred benefit		(290	)		(27	)		(1,299	)
Total	$	5,134		$	4,256		$	1,834

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

(In Thousands of Dollars)	2013			2012			2011
Tax at statutory rate	$	6,079		$	5,177		$	2,610
Effect of tax-exempt interest		(669	)		(479	)		(443	)
Other		(276	)		(442	)		(333	)
Federal income taxes	$	5,134		$	4,256		$	1,834
Effective tax rate		30	%		29	%		25	%

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

(In Thousands of Dollars)
	2013			2012
Deferred tax assets:
Allowance for loan losses	$	6,119		$	7,256
Deferred compensation		591			655
Losses on capital investments		1,131			1,159
Other		468			1,254
Total deferred tax assets		8,309			10,324
Deferred tax liabilities:
Fixed assets		(1,586	)		(1,821	)
Mortgage servicing rights		(1,676	)		(1,697	)
Purchase accounting adjustments		(234	)		(234	)
Unrealized gain on securities available for sale		(143	)		(1,880	)
Other		(675	)		(407	)
Total deferred tax liabilities		(4,314	)		(6,039	)
Net deferred tax assets		3,995			4,285
Deferred tax valuation allowance		(1,143	)		(1,143	)
Net deferred tax assets	$	2,852		$	3,142