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Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

(In thousands)		Year ended December 31,
		2017				2016				2015
Current:
Federal		$	252				12				313
State			365				84				(38	)
			617				96				275
Deferred:
Federal			2,067				983				789
State			191				128				294
			2,258				1,111				1,083
Income tax expense		$	2,875				1,207				1,358

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

(In thousands)		Year ended December 31,
		2017				2016				2015
Income taxes at statutory Federal rate		$	2,387				1,066				1,190
State taxes, net of Federal benefit			377				140				169
Nondeductible expenses			11				10				10
Deferred tax adjustment resulting from tax rate change			2,809				-				-
Benefit of change in Sec 382 classification			(2,774	)			-				-
Other			65				(9	)			(11	)
Income tax expense		$	2,875				1,207				1,358

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

(In thousands)		Year ended December 31,
		2017				2016
Deferred tax assets (liabilities):
Federal NOL Carryforward Benefit		$	7,810				15,590
NOL Write-off for Sec 382 Limit			(4,698	)			(10,382	)
State NOL Carryforward Benefit			3,566				3,199
Allowance for Loan Loss			1,695				1,821
Non-accrual Interest			1,089				1,560
Share Based Compensation			157				200
Accrued Expenses			233				173
Federal AMT benefit			360				166
Depreciation of Premises and Equipment			52				161
Unrealized Loss AFS			68				76
OREO Write-down			41				63
Other			24				5
Net deferred tax assets		$	10,397				12,632

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
-URI http://asc.fasb.org/extlink&oid=84230637&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=84230637&loc=d3e32687-109319

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