Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

(In thousands)	2016		2015
Current	$	2,303	$	1,292
Deferred		220		672
Totals	$	2,523	$	1,964

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

(In thousands)	2016			2015
Provision at federal statutory tax rate	$	3,196		$	2,440
State income tax-net of federal tax benefit		111			107
Change in state statutory tax rate		(4	)		(4	)
Tax-exempt interest income		(416	)		(405	)
Bank-owned life insurance income		(62	)		(83	)
Captive insurance net premiums		(294	)		(322	)
Nondeductible acquisition expense		-			219
Other		(8	)		12
Totals	$	2,523		$	1,964
Effective tax rate		26.8	%		27.4	%

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

(In thousands)	2016			2015
Deferred tax assets (liabilities):
Deferred compensation plans	$	200		$	205
Allowance for loan losses		876			872
Accrued expenses		45			155
Unrealized loss on securities available for sale		1,335			-
Other		353			351
Deferred tax assets		2,809			1,583
Depreciation		(632	)		(550	)
Deferred loan fees and costs		(261	)		(186	)
FHLB stock dividends		(56	)		(262	)
Prepaid expenses		(295	)		(258	)
Acquisition purchase accounting adjustments		(304	)		(181	)
Unrealized gain on securities available for sale		-			(261	)
Deferred tax liabilities		(1,548	)		(1,698	)
Net deferred tax asset (liability)	$	1,261		$	(115	)