XML 154 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

		December 31,				December 31,
(In Thousands)		2019				2018
Deferred tax assets:
Unrealized holding losses on securities		$	0			$	1,145
Allowance for loan losses			2,080				2,005
Purchase accounting adjustments on loans			640				0
Other deferred tax assets			2,173				2,049
Total deferred tax assets			4,893				5,199
Deferred tax liabilities:
Unrealized holding gains on securities			934				0
Defined benefit plans - ASC 835			49				37
Bank premises and equipment			763				907
Core deposit intangibles			272				2
Other deferred tax liabilities			257				143
Total deferred tax liabilities			2,275				1,089
Deferred tax asset, net		$	2,618			$	4,110

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

(In thousands)		2019				2018
Currently payable		$	3,618			$	4,350
Tax expense resulting from allocations of certain tax benefits to equity or as a reduction in other assets			115				87
Deferred			172				(187	)
Total provision		$	3,905			$	4,250

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

(Amounts in thousands)		2019								2018
		Amount				%				Amount				%
Statutory provision		$	4,916				21.00			$	5,515				21.00
Tax-exempt interest income			(853	)			(3.64	)			(1,046	)			(3.98	)
Increase in cash surrender value and other income from life insurance, net			(91	)			(0.39	)			(170	)			(0.65	)
ESOP Dividends			(113	)			(0.48	)			(98	)			(0.37	)
State income tax, net of Federal benefit			122				0.52				125				0.48
Other, net			(76	)			(0.32	)			(76	)			(0.29	)
Effective income tax provision		$	3,905				16.68			$	4,250				16.18

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration