Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

(Dollar amounts in thousands)	2016			2015		2014
Current payable	$	1,998		$	1,004	$	2,146
Deferred		(93	)		558		(154	)
Total provision	$	1,905		$	1,562	$	1,992

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

(Dollar amounts in thousands)	2016		2015
Deferred tax assets:
Allowance for loan and lease losses	$	2,243	$	2,171
Supplemental retirement plan		382		371
Investment security basis adjustment		66		66
Nonaccrual interest income		456		415
Deferred origination fees, net		-		12
OREO adjustments		26		92
Accrued compensation		261		234
Other		82		23
Gross deferred tax assets		3,516		3,384
Deferred tax liabilities:
Premises and equipment		445		514
Net unrealized gain on securities		618		1,233
FHLB stock dividends		225		225
Intangibles		449		401
Mortgage servicing rights		103		68
Deferred origination fees, net		63		-
Other		6		44
Gross deferred tax liabilities		1,909		2,485
Net deferred tax assets	$	1,607	$	899

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

(Dollar amounts in thousands)	2016						2015						2014
				% of						% of						% of
				Pretax						Pretax						Pretax
	Amount			Income			Amount			Income			Amount			Income
Provision at statutory rate	$	2,829			34.0	% $		2,866			34.0	% $		3,119			34.0	%
Tax-free income		(1,177	)		(14.1	)		(1,347	)		(15.9	)		(1,187	)		(12.9	)
Nondeductible interest expense		32			0.4			34			0.4			37			0.4
Nondeductible merger-related expense		186			2.2			-			0.0			-			0.0
Other		35			0.4			9			0.0			23			0.2
Actual tax expense and effective rate	$	1,905			22.9	% $		1,562			18.5	% $		1,992			21.7	%