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Note 11 - Federal Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Allowance for loan losses $ 4,700,000 $ 4,095,000
Deferred compensation 630,000 673,000
Stock compensation 660,000 501,000
Nonaccrual loan interest income 297,000 425,000
Deferred loan fees 185,000 211,000
Deferred Tax Assets, Capital Loss Carryforwards 94,000 94,000
Fair value write-downs on foreclosed properties 15,000 23,000
Unrealized loss on securities 2,190,000 1,303,000
Other 340,000 311,000
Deferred tax asset before valuation allowance 9,111,000 7,636,000
Valuation allowance (94,000) (94,000)
Deferred tax asset after valuation allowance 9,017,000 7,542,000
Depreciation 1,205,000 727,000
Prepaid expenses 238,000 244,000
Core deposit intangible 1,142,000 1,565,000
Mortgage loan servicing rights 932,000 1,072,000
Business combination adjustments 2,054,000 1,784,000
Other 183,000 146,000
Deferred tax liability 5,754,000 5,538,000
Total net deferred tax asset $ 3,263,000 $ 2,004,000