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Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

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

(In thousands)		2014				2013
Current		$	2,027			$	2,055
Deferred			285				200
Totals		$	2,312			$	2,255

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

(In thousands)		2014				2013
Provision at federal statutory tax rate		$	2,692			$	2,496
State income tax-net of federal tax benefit			170				188
Change in state statutory tax rate			15				26
Tax-exempt interest income			(422	)			(402	)
Increase in cash value of life insurance			(95	)			(54	)
Captive insurance net premiums			(57	)			0
Other			9				1
Totals		$	2,312			$	2,255
Effective tax rate			29.2	%			30.7	%

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

(In thousands)		2014				2013
Deferred tax assets (liabilities):
Deferred compensation plans		$	92			$	102
Allowance for loan losses			1,679				1,661
Accrued early retirement			18				32
Other			157				157
Unrealized loss on securities available for sale			0				443
Deferred tax assets			1,946				2,395
Depreciation			(647	)			(664	)
Deferred loan fees and costs			(171	)			(86	)
FHLB stock dividends			(98	)			(99	)
Prepaid expenses			(231	)			0
Unrealized gain on securities available for sale			(434	)			0
Deferred tax liabilities			(1,581	)			(849	)
Net deferred tax asset		$	365			$	1,546

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- 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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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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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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