Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

(Dollars in thousands)	2019		2018		2017
Current:
Federal	$	2,141		1,690		2,287
State		687		115		10
Total current		2,828		1,805		2,297
Deferred:
Federal		256		234		1,412
State		240		849		693
Total deferred		496		1,083		2,105
Income tax expense	$	3,324		2,888		4,402

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

(Dollars in thousands)	2019		2018			2017
Expected federal income tax expense	$	2,334		2,336			2,994
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		852		559			529
Change in federal tax rate		0		0			1,062
Other, net		138		(7	)		(183	)
Income tax expense	$	3,324		2,888			4,402

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

(Dollars in thousands)	201 9		2018
Deferred tax assets:
Allowances for loan losses	$	2,394		2,428
Deferred compensation costs		158		154
Deferred ESOP loan asset		453		473
Nonaccruing loan interest		78		185
State net operating loss carryforward		42		160
Alternative minimum tax credit carryforward		0		208
Net unrealized loss on securities available for sale		0		426
Other		140		91
Total gross deferred tax assets		3,265		4,125
Deferred tax liabilities:
Deferred loan costs		344		367
Premises and equipment basis difference		526		509
Originated mortgage servicing rights		607		519
Federal tax liability on state net operating loss carryforwards		9		34
Net unrealized gain on securities available for sale		18		0
Other		59		54
Total gross deferred tax liabilities		1,563		1,483
Net deferred tax assets	$	1,702		2,642