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Note 11 - Income Taxes
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
11.
INCOME TAXES
 
The provision for income taxes was $0.2
million and $0.7 million for the six-month periods ended June 30, 2016 and 2015, respectively. The Company’s effective tax rate was 23.9% and 29.2%, respectively, for the same periods. The effective tax rate is impacted by recurring permanent differences, such as those associated with bank-owned life insurance and tax-exempt investments and loan income.
 
The Company had a net deferred tax asset of $
7.1 million and $7.8 million as of June 30, 2016 and December 31, 2015, respectively. The reduction in the net deferred tax asset resulted primarily from the impact of changes in the fair value of securities available-for-sale.