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Note 11 - Federal Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Allowance for loan losses $ 5,017,000 $ 4,700,000
Deferred compensation 577,000 630,000
Stock compensation 720,000 660,000
Nonaccrual loan interest income 239,000 297,000
Deferred loan fees 104,000 185,000
Deferred Tax Assets, Capital Loss Carryforwards 94,000 94,000
Fair value write-downs on foreclosed properties 26,000 15,000
Unrealized loss on securities 0 2,190,000
Other 683,000 340,000
Deferred tax asset before valuation allowance 7,460,000 9,111,000
Valuation allowance (94,000) (94,000)
Deferred tax asset after valuation allowance 7,366,000 9,017,000
Depreciation 1,743,000 1,205,000
Prepaid expenses 269,000 238,000
Core deposit intangible 787,000 1,142,000
Mortgage loan servicing rights 977,000 932,000
Unrealized gain on securities 982,000 0
Business combination adjustments 2,058,000 2,054,000
Other 485,000 183,000
Deferred tax liability 7,301,000 5,754,000
Total net deferred tax asset $ 65,000 $ 3,263,000