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Note 11 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

		2017				2016
		(Dollars in Thousands)
Federal
Current		$	65			$	30
Deferred			3,105				103
			3,170				133
State
Current			143				19
Deferred			(278)				17
			(135)				36
Total		$	3,035			$	169

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

		2017				2016
		(Dollars in Thousands)
Income tax expense at federal statutory rate		$	892			$	475
Increase (decrease) resulting from:
Tax-exempt interest			(219	)			(217	)
Bank-owned life insurance			(109	)			(106	)
State income tax expense, net of federal income taxes			54				29
Tax Reform adjustment			2,471				—
Other			(54	)			(12	)
Total		$	3,035			$	169

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

		2017				2016
		(Dollars in Thousands)
Deferred tax assets:
Allowance for loan losses		$	1,197			$	1,792
Deferred compensation			1,045				1,603
Deferred commissions and fees			313				268
Impairment of other real estate owned			532				742
Federal net operating loss carryforwards			1,486				3,121
State net operating loss carryforwards			288				184
Federal alternative minimum tax and general business credits carryforwards			340				279
Unrealized loss on securities available-for-sale			400				872
Other			418				500
Total gross deferred tax assets			6,019				9,361
Deferred tax liabilities:
Premises and equipment			214				327
Limited partnerships			81				132
Cash flow hedges			111				127
Other			24				41
Total gross deferred tax liabilities			430				627
Net deferred tax asset, included in other assets		$	5,589			$	8,734

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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- Definition

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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