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Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

(In thousands)		Year ended December 31,
		2018				2017				2016
Current:
Federal		$	447				252				12
State			708				365				84
			1,155				617				96
Deferred:
Federal			148				2,067				983
State			(413	)			191				128
			(265	)			2,258				1,111
Income tax expense (benefit)		$	890				2,875				1,207

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

(In thousands)		Year ended December 31,
		2018				2017				2016
Income taxes at statutory Federal rate		$	858				2,387				1,066
State taxes, net of Federal benefit			233				377				140
Nondeductible expenses			15				11				10
Benefit of change in Sec 382 classification			(500	)			(2,774	)			-
Deferred tax adjustment resulting from tax rate change			198				2,809				-
Other			86				65				(9	)
Income tax expense		$	890				2,875				1,207

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

		Year ended December 31,
(In thousands)		2018				2017
Deferred tax assets (liabilities):
Federal NOL Carryforward Benefit		$	4,119				7,810
NOL Write-off for Sec 382 Limit			(3,258	)			(4,698	)
Capitalized Costs			4,239				-
UTP (NOLs)			(1,132	)			-
State NOL Carryforward Benefit			3,025				3,566
Allowance for loan and lease losses			2,048				1,695
Federal AMT benefit			707				360
Merger and acquisition			357				-
Unrealized Losses AFS securities			257				68
Accrued Expenses			178				233
Non-accrual Interest			170				1,089
Share Based Compensation			109				157
Depreciation of Premises and Equipment			(3	)			52
Goodwill and intangible			(16	)			-
OREO Write-down			-				41
Other			51				24
			10,851				10,397

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

		In thousands
Balance as of January 1, 2018		$	-
Increases due to tax positions related to the current year			-
Increases due to tax positions related to a prior year			1,132
Decreases to tax positions related to settlements			-
Decreases to tax positions as a result of a lapse of statute			-
Balance as of December 31, 2018		$	1,132

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.

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