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Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

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

(Dollar amounts in thousands)		2012				2011				2010
Current payable		$	1,660			$	693			$	689
Deferred			2				(97	)			(777	)
Total provision (benefit)		$	1,662			$	596			$	(88	)

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

(Dollar amounts in thousands)		2012				2011
Deferred tax assets:
Allowance for loan losses		$	2,645			$	2,318
Supplemental retirement plan			218				182
Alternative minimum tax credits			-				551
Investment security basis adjustment			66				66
Nonaccrual interest income			508				298
Deferred origination fees, net			189				105
OREO adjustments			116				-
Net operating losses			86				190
Other			47				125
Gross deferred tax assets			3,875				3,835
Deferred tax liabilities:
Premises and equipment			434				405
Net unrealized gain on securities			2,777				2,339
FHLB stock dividends			225				225
Intangibles			256				208
Other			2				37
Gross deferred tax liabilities			3,694				3,214
Net deferred tax assets		$	181			$	621

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

(Dollar amounts in thousands)		2012								2011								2010
		Amount				% of Pretax Income				Amount				% of Pretax Income				Amount				% of Pretax Income
Provision at statutory rate		$	2,700				34.0	%		$	1,606				34.0	%		$	827				34.0	%
Tax-free income			(1,095	)			-13.8				(1,071	)			-22.7				(993	)			-40.9
Nondeductible interest expense			48				0.6				61				1.3				76				3.1
Other			9				0.1				-				0.0				2				0.2
Actual tax expense and effective rate		$	1,662				20.9	%		$	596				12.6	%		$	(88	)			(3.6	) %

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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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