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Note 10 - Federal Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Allowance for loan losses $ 7,426,000 $ 7,973,000
Deferred compensation 259,000 511,000
Stock compensation 941,000 541,000
Nonaccrual loan interest income 159,000 211,000
Deferred loan fees 520,000 924,000
Unrealized loss on securities 991,000 0
Fair value write-downs on foreclosed properties 0 537,000
Other 1,344,000 938,000
Deferred tax asset 11,640,000 11,635,000
Depreciation 1,168,000 1,175,000
Prepaid expenses 416,000 297,000
Core deposit intangible 276,000 498,000
Mortgage loan servicing rights 2,572,000 1,720,000
Unrealized gain on securities 0 1,458,000
Business combination adjustments 2,013,000 2,142,000
Other 942,000 521,000
Deferred tax liability 7,387,000 7,811,000
Total net deferred tax asset $ 4,253,000 $ 3,824,000