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Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

(In thousands)		Year ended December 31,
		2016				2015				2014
Current:
Federal		$	12				313				-
State			84				(38	)			268
			96				275				268
Deferred:
Federal			983				789				(15,140	)
State			127				294				122
			1,111				1,083				(15,018	)
Income tax expense (benefit)		$	1,207				1,358				(14,750	)

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

Federal and State Income Tax Expense (Benefit):
(In thousands)		Year ended December 31,
		2016				2015				2014
Income taxes at statutory Federal rate		$	1,066				1,190				326
State taxes, net of Federal benefit			140				169				48
Nondeductible expenses			10				10				175
Other			(9	)			(11	)			495
Taxes on BOLI income			-				-				1,701
Valuation allowance			-				-				(16,812	)
Tangible Property Review IRC Sec 481(a)			-				-				(644	)
Current Year Change in valuation allowance			-				-				(39	)
Income tax expense (benefit)		$	1,207				1,358				(14,750	)

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

(In thousands)		Year ended December 31,
		2016				2015
Deferred tax assets (liabilities):
Federal NOL Carryforward Benefit		$	15,590				16,303
NOL Write-off for Sec 382 Limit			(10,382	)			(10,382	)
State NOL Carryforward Benefit			3,199				3,235
Allowance for Loan Loss			1,821				2,042
NonAccrual Interest			1,560				1,467
Share Based Compensation			200				161
Accrued Expenses			173				106
Federal AMT benefit			166				136
Depreciation of Premises and Equipment			161				541
Unrealized Loss AFS			76				96
OREO Write-down			63				63
Other			5				(5	)
Capital loss carryover			-				572
Gross deferred tax assets			12,632				14,335
Less:
Valuation allowance			-				572
Deferred tax assets, net		$	12,632				13,763

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=65882285&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=65882285&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=65882285&loc=d3e32687-109319

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