Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

(Dollars in thousands)	2020			2019		2018
Current:
Federal	$	3,418			2,141		1,690
State		1,452			687		115
Total current		4,870			2,828		1,805
Deferred:
Federal		(589	)		256		234
State		(213	)		240		849
Total deferred		(802	)		496		1,083
Income tax expense	$	4,068			3,324		2,888

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

(Dollars in thousands)	2020		2019		2018
Expected federal income tax expense	$	3,019		2,334		2,336
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		1,025		852		559
Other, net		24		138		(7	)
Income tax expense	$	4,068		3,324		2,888

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

(Dollars in thousands)	2020		2019
Deferred tax assets:
Allowances for loan losses	$	3,010		2,394
Deferred compensation costs		141		158
Deferred ESOP loan asset		430		453
Non-accruing loan interest		134		78
Other		499		182
Total gross deferred tax assets		4,214		3,265
Deferred tax liabilities:
Deferred loan costs		119		344
Premises and equipment basis difference		549		526
Originated mortgage servicing rights		856		607
Net unrealized gain on securities available for sale		496		18
Other		167		68
Total gross deferred tax liabilities		2,187		1,563
Net deferred tax assets	$	2,027		1,702