Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

(Dollar amounts in thousands)	2019		2018
Current payable	$	2,265	$	2,403
Deferred		327		(241	)
Total provision	$	2,592	$	2,162

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

(Dollar amounts in thousands)	2019		2018
Deferred tax assets:
Allowance for loan and lease losses	$	1,288	$	1,327
Supplemental retirement plan		469		454
Investment security basis adjustment		18		18
Nonaccrual interest income		297		389
Accrued compensation		244		222
Deferred origination fees, net		30		-
Net unrealized loss on AFS securities		-		41
Lease liability		1,051		-
Gross deferred tax assets		3,397		2,451
Deferred tax liabilities:
Premises and equipment		583		328
Net unrealized gain on AFS securities		490		-
Net unrealized gain on equity securities		62		1
FHLB stock dividends		139		139
Intangibles		378		342
Mortgage servicing rights		82		75
Deferred origination fees, net		-		13
Acquisition fair value adjustments		253		275
Right of use assets		1,032		-
Other		4		5
Gross deferred tax liabilities		3,023		1,178
Net deferred tax assets	$	374	$	1,273

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

(Dollar amounts in thousands)	2019						2018
				% of						% of
				Pretax						Pretax
	Amount			Income			Amount			Income
Provision at statutory rate	$	3,214			21.0	%	$	3,065			21.0	%
Tax-exempt income		(647	)		(4.2	)%		(622	)		(4.3	)%
Nondeductible interest expense		32			0.2	%		27			0.2	%
Stock-based compensation		-			-	%		(37	)		(0.3	)%
Other		(7	)		(0.1	)%		(271	)		(1.8	)%
Actual tax expense and effective rate	$	2,592			16.9	%	$	2,162			14.8	%