Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

(Dollars in thousands)	2021		2020
Current:
Federal	$	3,234		3,418
State		1,519		1,452
Total current		4,753		4,870
Deferred:
Federal		410		(589	)
State		202		(213	)
Total deferred		612		(802	)
Income tax expense	$	5,365		4,068

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

(Dollars in thousands)	2021		2020
Expected federal income tax expense	$	3,975		3,019
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		1,350		1,025
Other, net		40		24
Income tax expense	$	5,365		4,068

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

(Dollars in thousands)	2021		2020
Deferred tax assets:
Allowances for loan losses	$	2,610		3,010
Deferred compensation costs		143		141
Deferred ESOP loan asset		399		430
Non-accruing loan interest		96		134
Net unrealized loss on securities available for sale		618		0
Other		679		499
Total gross deferred tax assets		4,545		4,214
Deferred tax liabilities:
Deferred loan costs		272		119
Premises and equipment basis difference		669		549
Originated mortgage servicing rights		923		856
Net unrealized gain on securities available for sale		0		496
Other		152		167
Total gross deferred tax liabilities		2,016		2,187
Net deferred tax assets	$	2,529		2,027