Note 6 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2019

Notes Tables

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

	Three months ended
	March 31,
(In thousands)	2019			2018
Current income tax expense:
Federal	$	2,726		$	2,436
State		141			128
Total current income tax expense		2,867			2,564
Deferred income tax expense (benefit) :
Federal		565			467
State		(1,613	)		21
Total deferred income tax expense		(1,048	)		488
Change in valuation allowance		20			-
Total income tax expense	$	1,839		$	3,052

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

	Three months ended March 31,
	2019			2018
U.S. federal statutory income tax rate		21.0	%		21.0	%
Kentucky state income tax enactment		(7.3	)		-
Excess tax benefits from share-based compensation arrangements		(1.7	)		(1.9	)
Increase in cash surrender value of life insurance		(1.2	)		(0.4	)
Tax credits		(0.7	)		(0.4	)
Tax exempt interest income		(0.3	)		(0.5	)
State income taxes, net of federal benefit		0.7			0.7
Other, net		-			-
Effective income tax rate		10.5	%		18.5	%