Note 3 - Acquisition (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	Acquired from			Fair Value			Fair
	Hometown			Adjustments			Value
Assets Acquired
Cash and Due From Banks	$	7,083		$	-		$	7,083
Investment Securities		7,521			-			7,521
Loans		150,390			(6,471	)		143,919
Allowance for Loan Losses		(2,348	)		2,348			-
Net Loans		148,042			(4,123	)		143,919
Fixed Assets		9,268			798			10,066
Foreclosed Assets held for sale		1,647			(400	)		1,247
Core Deposit Intangible		-			3,520			3,520
Other Assets		4,146			1,283			5,429
Total Assets Acquired	$	177,707		$	1,078		$	178,785
Liabilities Assumed
Deposits		161,001			247			161,248
Federal Home Loan Bank advances		2,000			-			2,000
Securities Sold Under Agreements to Repurchase		2,159			-			2,159
Other borrowings		3,000			-			3,000
Subordinated debentures		6,186			176			6,362
Other Liabilities		2,003			-			2,003
Total Liabilities Assumed		176,349		$	423			176,772
Stockholders' Equity
Common Stock		231			(231	)		-
Capital Surplus		18,936			(18,936	)		-
Retained Earnings		(17,587	)		17,587			-
Accumulated Other Comprehensive Loss		(222	)		222			-
Treasury Stock		-			-			-
Total Stockholders' Equity Assumed		1,358		$	(1,358	)		-
Total Liabilities and Stockholders' Equity Assumed	$	177,707		$	(935	)	$	176,772
Net Assets Acquired							$	2,013
Purchase Price								4,628
Goodwill							$	2,615

Business Acquisition, Pro Forma Information [Table Text Block]

	Three months ended June 30,
	2018			2017
	(In Thousands, Except Per Share Data)
Summary of Operations
Net interest income	$	7,972		$	7,597
Provision for loan losses		500			437
Net interest income after provision for loan losses		7,472			7,160
Non interest income		1,954			1,753
Non interest expense		10,223			6,898
Income (loss) before income taxes		(797	)		2,015
Provision (credit) for income taxes		(454	)		680
Net income (loss)	$	(343	)	$	1,335
Basic income (loss) per common share	$	(0.08	)	$	0.31
Diluted income (loss) per common share	$	(0.08	)	$	0.30

	Six months ended June 30,
	2018			2017
	(In Thousands, Except Per Share Data)
Summary of Operations
Net interest income	$	15,716		$	15,195
Provision for loan losses		725			875
Net interest income after provision for loan losses		14,991			14,320
Non interest income		3,574			3,505
Non interest expense		17,725			13,795
Income before income taxes		840			4,030
Provision (credit) for income taxes		(131	)		1,360
Net income	$	971		$	2,670
Basic income per common share	$	0.22		$	0.61
Diluted income per common share	$	0.22		$	0.60