Note K - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

	201 7		201 6			201 5
Current tax expense	$	2,579	$	2,645		$	2,218
Deferred tax (benefit) expense		1,907		(725	)		591
Total income taxes	$	4,486	$	1,920		$	2,809

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

	2017			2016
Items giving rise to deferred tax assets:
Allowance for loan losses	$	1,631		$	2,538
Unrealized loss on securities available for sale		279			510
Deferred compensation		1,466			2,194
Deferred loan fees/costs		130			248
Other real estate owned		377			719
Accrued bonus		234			240
Purchase accounting adjustments		56			305
Net operating loss		148			258
Other		212			275
Items giving rise to deferred tax liabilities:
Mortgage servicing rights		(78	)		(134	)
FHLB stock dividends		(676	)		(1,078	)
Prepaid expenses		(149	)		(283	)
Depreciation and amortization		(627	)		(823	)
Other		(3	)		(4	)
Net deferred tax asset	$	3,000		$	4,965

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

	201 7			201 6			201 5
Statutory tax	$	4,078		$	3,006		$	3,870
Effect of nontaxable interest		(514	)		(433	)		(437	)
Effect of nontaxable insurance premiums		(303	)		(340	)		(336	)
Income from bank owned insurance, net		(230	)		(239	)		(210	)
Effect of postretirement benefits		(78	)		(19	)		71
Effect of nontaxable life insurance death proceeds		(175	)		----			(11	)
Impact from TCJA		1,783			----			----
Effect of state income tax		70			64			66
Tax credits		(191	)		(211	)		(221	)
Milton Merger Costs		4			73			----
Other items		42			19			17
Total income taxes	$	4,486		$	1,920		$	2,809