Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

(Dollars in thousands)	2022		2021
Current:
Federal	$	2,123		3,234
State		1,000		1,519
Total current		3,123		4,753
Deferred:
Federal		2		410
State		101		202
Total deferred		103		612
Income tax expense	$	3,226		5,365

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

(Dollars in thousands)	2022			2021
Expected federal income tax expense	$	2,367			3,975
Items affecting federal income tax:
State income taxes, net of federal income tax deduction		899			1,350
Other, net		(40	)		40
Income tax expense	$	3,226			5,365

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

(Dollars in thousands)	2022		2021
Deferred tax assets:
Allowances for loan losses	$	2,899		2,610
Deferred compensation costs		120		143
Deferred ESOP loan asset		361		399
Non-accruing loan interest		179		96
Net unrealized loss on securities available for sale		6,539		618
Other		110		679
Total gross deferred tax assets		10,208		4,545
Deferred tax liabilities:
Deferred loan costs		243		272
Premises and equipment basis difference		618		669
Originated mortgage servicing rights		843		923
Other		157		152
Total gross deferred tax liabilities		1,861		2,016
Net deferred tax assets	$	8,347		2,529