Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

(Dollars in thousands)	2016		2015			2014
Current:
Federal	$	939		(87	)		262
State		55		(24	)		74
Total current		994		(111	)		336
Deferred:
Federal		2,322		1,393			3,753
State		806		329			813
Total deferred		3,128		1,722			4,566
Income tax expense	$	4,122		1,611			4,902

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

(Dollars in thousands)	2016			2015			2014
Expected federal income tax expense	$	3,560			1,553			4,176
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		622			259			698
Tax exempt interest		(16	)		(44	)		(45	)
Other, net		(44	)		(157	)		73
Income tax expense	$	4,122			1,611			4,902

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

Dollars in thousands)	2016		2015
Deferred tax assets:
Allowances for loan and real estate losses	$	4,186		4,169
Deferred compensation costs		262		235
Deferred ESOP loan asset		704		710
Nonaccruing loan interest		313		361
Federal net operating loss carryforward		0		1,805
State net operating loss carryforward		1,366		2,255
Alternative minimum tax credit carryforward		118		500
Capitalized other real estate owned expenses		56		530
Net unrealized loss on securities available for sale		542		142
Other		91		155
Total gross deferred tax assets		7,638		10,862
Deferred tax liabilities:
Deferred loan fees		100		247
Premises and equipment basis difference		126		139
Originated mortgage servicing rights		636		594
Federal tax liability on state net operating loss carryforwards		676		779
Core deposit intangible		74		105
Other		79		325
Total gross deferred tax liabilities		1,691		2,189
Net deferred tax assets	$	5,947		8,673