Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

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

(dollars in thousands)	2014			2013			2012
Current
Federal	$	96		$	269		$	81
State		-			-			-
Deferred		(142	)		(304	)		(225	)
Total benefit for income taxes	$	(46	)	$	(35	)	$	(144	)

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

(dollars in thousands)	2014			2013			2012
Tax (benefit) provision computed at statutory rate	$	839		$	(1,230	)	$	1,214
Tax exempt interest		(246	)		(210	)		(257	)
Bank owned life insurance		-			(4	)		(26	)
Deferred tax asset valuation allowance		(679	)		1,428			(1,002	)
Other		40			(19	)		(73	)
Total benefit for income taxes	$	(46	)	$	(35	)	$	(144	)

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

(dollars in thousands)	2014			2013
Deferred tax assets
Allowance for loan losses	$	4,143		$	4,403
Deferred compensation		786			721
Unrealized loss on securities available for sale		354			1,584
Realized loss in other than temporary impairment charge		1,124			1,121
Foreclosed real estate write-downs		1,470			1,131
Interest income on non-accrual loans		1,117			955
Net operating loss carryforward		10,622			11,826
Other		1,329			986
Total deferred tax assets		20,945			22,727
Deferred tax liabilities
Deferred loan costs		934			859
Other		370			460
Total deferred tax liabilities		1,304			1,319
Net deferred tax asset before valuation allowance		19,641			21,408
Less:  valuation allowance		(14,659	)		(15,338	)
Net deferred tax asset	$	4,982		$	6,070