Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

(Dollars in thousands)	2017		2016		2015
Current:
Federal	$	2,287		939		(87	)
State		10		55		(24	)
Total current		2,297		994		(111	)
Deferred:
Federal		1,412		2,322		1,393
State		693		806		329
Total deferred		2,105		3,128		1,722
Income tax expense	$	4,402		4,122		1,611

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

(Dollars in thousands)	2017			2016			2015
Expected federal income tax expense	$	2,994			3,560			1,553
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		529			622			259
Tax exempt interest		(16	)		(16	)		(44	)
Change in federal tax rate		1,062			0			0
Other, net		(167	)		(44	)		(157	)
Income tax expense	$	4,402			4,122			1,611

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

(Dollars in thousands)	2017		2016
Deferred tax assets:
Allowances for loan and real estate losses	$	2,602		4,186
Deferred compensation costs		166		262
Deferred ESOP loan asset		487		704
Nonaccruing loan interest		221		313
State net operating loss carryforward		824		1,366
Alternative minimum tax credit carryforward		175		118
Net unrealized loss on securities available for sale		372		542
Other		92		147
Total gross deferred tax assets		4,939		7,638
Deferred tax liabilities:
Deferred loan fees		37		100
Premises and equipment basis difference		380		126
Originated mortgage servicing rights		482		636
Federal tax liability on state net operating loss carryforwards		280		676
Other		88		153
Total gross deferred tax liabilities		1,267		1,691
Net deferred tax assets	$	3,672		5,947