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Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

(In thousands)		Year Ended December 31,
		2021				2020				2019
Current:
Federal		$	-			$	(100	)		$	88
State			180				86				149
			180				(14	)			237
Deferred:
Federal			1,860				(2,448	)			(698	)
State			(2,121	)			2,125				(438	)
			(261	)			(323	)			(1,136	)
Income tax benefit		$	(81	)		$	(337	)		$	(899	)

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

(In thousands)		Year Ended December 31,
		2021				2020				2019
Income taxes at statutory Federal rate		$	1,053			$	(873	)		$	(780	)
State taxes, net of Federal benefit			404				(191	)			(228	)
Deferred tax valuation allowance			(1,938	)			1,938				-
Reversal UTP on Federal DTA			-				(1,132	)			-
Nondeductible expenses			(10	)			8				14
Project expenses for merger and acquisition			383				-				-
Other			27				(87	)			95
Income tax benefit		$	(81	)		$	(337	)		$	(899	)

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

(In thousands)		December 31,
		2021				2020
Deferred tax assets:
Federal NOL carryforward benefit		$	3,605			$	4,576
NOL write-off for Sec 382 Limit			(3,258	)			(3,258	)
Capitalized cost temporary item			3,325				3,627
State NOL carryforward benefit			3,168				3,306
Allowance for loan loss			3,017				3,869
Lease liabilities			746				775
Non-accrual interest			827				558
Merger and acquisition			187				204
Accrued expenses			421				201
Unrealized loss AFS securities			569				180
Goodwill and intangible			137				170
Depreciation of premises and equipment			98				-
Share based compensation			3				8
Other			17				15
Gross deferred tax assets			12,862				14,231
Less deferred taxasset valuation allowance			-				(1,937	)
Total deferred tax assets		$	12,862			$	12,294
Deferred tax liabilities:
Right-of-use assets			(709	)			(736	)
Depreciation of premises and equipment			-				(32	)
Other			(7	)			(30	)
Gross deferred tax liabilities			(716	)			(798	)
Net deferred tax asset			12,146				11,496

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

(In thousands)		Year Ended December 31,
		2021				2020				2019
Balance, beginning of year		$	-			$	1,220			$	1,132
Increases due to tax positions related to a prior year			-				65				88
Decreases to tax positions as a result of a lapse of statute			-				(1,285	)			-
Balance, end of year		$	-			$	-			$	1,220

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