Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

(Dollar amounts in thousands)	2018		2017
Current	$	298	$	1,423
Deferred		335		691
Total	$	633	$	2,114

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

(Dollar amounts in thousands)	2018						2017
				% Pre-tax						% Pre-tax
	Amount			Income			Amount			Income
Provision at statutory tax rate	$	1,017			21.0	%	$	2,173			34.0	%
Increase (decrease) resulting from:
Tax free gain on bargain purchase		-			-			(447	)		(7.0	%)
Tax free gain on retirement of CMFP shares		(145	)		(3.0	%)		-			-
Tax free interest, net of disallowance		(234	)		(4.8	%)		(446	)		(7.0	%)
Earnings on bank-owned life insurance		(71	)		(1.5	%)		(113	)		(1.8	%)
Federal tax rate change		-			-			827			12.9	%
Other, net		66			1.4	%		120			2.0	%
Provision	$	633			13.1	%	$	2,114			33.1	%

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

(Dollar amounts in thousands)	2018		2017
Deferred tax assets:
Allowance for loan losses	$	1,351	$	1,287
Funded status of pension plan		1,287		1,286
Net unrealized loss on securities		401		180
Deferred compensation		391		272
Accrued incentive compensation		148		136
Nonaccrual loan interest income		75		53
Securities impairment		70		199
Stock compensation		69		77
Business combination adjustments		-		38
Other		17		35
Gross deferred tax assets		3,809		3,563
Deferred tax liabilities:
Accrued pension liability		1,044		939
Depreciation		619		652
Deferred loan fees and costs		461		307
Intangible assets		215		204
Business combination adjustments		68		-
Other		53		52
Gross deferred tax liabilities		2,460		2,154
Net deferred tax asset	$	1,349	$	1,409