Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

(Dollars in thousands)	2018		2017		2016
Current:
Federal	$	1,690		2,287		939
State		115		10		55
Total current		1,805		2,297		994
Deferred:
Federal		234		1,412		2,322
State		849		693		806
Total deferred		1,083		2,105		3,128
Income tax expense	$	2,888		4,402		4,122

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

(Dollars in thousands)	2018			2017			2016
Expected federal income tax expense	$	2,336			2,994			3,560
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		559			529			622
Tax exempt interest		(11	)		(16	)		(16	)
Change in federal tax rate		0			1,062			0
Other, net		4			(167	)		(44	)
Income tax expense	$	2,888			4,402			4,122

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

(Dollars in thousands)	2018		2017
Deferred tax assets:
Allowances for loan and real estate losses	$	2,428		2,602
Deferred compensation costs		154		166
Deferred ESOP loan asset		473		487
Nonaccruing loan interest		185		221
State net operating loss carryforward		160		824
Alternative minimum tax credit carryforward		208		175
Net unrealized loss on securities available for sale		426		372
Other		91		92
Total gross deferred tax assets		4,125		4,939
Deferred tax liabilities:
Deferred loan costs		367		37
Premises and equipment basis difference		509		380
Originated mortgage servicing rights		519		482
Federal tax liability on state net operating loss carryforwards		34		280
Other		54		88
Total gross deferred tax liabilities		1,483		1,267
Net deferred tax assets	$	2,642		3,672