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Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

(In thousands)		2017				2016				2015
Current		$	2,755			$	2,303			$	1,292
Deferred			348				220				672
Totals		$	3,103			$	2,523			$	1,964

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

(In thousands)		2017				2016				2015
Provision at federal statutory tax rate		$	3,589			$	3,196			$	2,440
State income tax-net of federal tax benefit			96				111				107
Change in state statutory tax rate			(5	)			(4	)			(4	)
Revaluation of net deferred tax asset due to change
in federal income tax rate			290				-				-
Tax-exempt interest income			(507	)			(416	)			(405	)
Bank-owned life insurance income			(73	)			(62	)			(83	)
Captive insurance net premiums			(290	)			(294	)			(322	)
Nondeductible acquisition expense			-				-				219
Other			3				(8	)			12
Totals		$	3,103			$	2,523			$	1,964
Effective tax rate			29.4	%			26.8	%			27.4	%

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

(In thousands)		2017				2016
Deferred tax assets (liabilities):
Deferred compensation plans		$	121			$	200
Allowance for loan losses			743				876
Accrued expenses			-				45
Unrealized loss on securities available for sale			647				1,335
Restricted stock			11				16
Valuation allowance on foreclosed real estate			87				119
Interest on nonaccrual loans			220				265
Other			58				26
Deferred tax assets			1,887				2,882
Depreciation			(587	)			(632	)
Deferred loan fees and costs			(262	)			(261	)
FHLB stock dividends			(37	)			(56	)
Prepaid expenses			(201	)			(295	)
Acquisition purchase accounting adjustments			(184	)			(334	)
Other			(39	)			(43	)
Deferred tax liabilities			(1,310	)			(1,621	)
Net deferred tax asset		$	577			$	1,261

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=84230637&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
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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