Note 12 - Mergers and Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

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

	January 31,
	2018
	(In Thousands,
	Except Share Data)
Assets acquired:
Cash and cash equivalents	$	5,657
Investment securities		30,728
Loans		55,057
Premises and equipment		1,605
Other real estate owned		135
Core deposit intangible		1,609
Other assets		1,258
Total assets acquired	$	96,049
Liabilities assumed:
Deposits	$	82,190
Accrued expenses and other liabilities		19
Total liabilities assumed	$	82,209
Net assets acquired	$	13,840
Consideration paid:
Cash	$	9,900
Common stock issued (446,774 shares)		9,030
Total consideration paid	$	18,930
Goodwill resulting from acquisition	$	5,090

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

	January 31,
	2018
	(In Thousands)
Contractually required principal and interest at acquisition	$	56,891
Contractual cash flows not expected to be collected (nonaccretable discount)		(1,346	)
Expected cash flows at acquisition		55,545
Interest component of expected cash flows (accretable discount)		(488	)
Fair value of acquired loans	$	55,057

Business Acquisition, Pro Forma Information [Table Text Block]

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
	(Dollars in Thousands, Except Per Share Data)
Pro forma net income (1)
Net interest income after loan loss provision	$	7,786	$	6,506	$	14,414	$	12,616
Noninterest income		3,084		3,651		5,798		6,940
Noninterest expense		9,244		8,293		17,719		16,404
Income before income taxes		1,626		1,864		2,493		3,152
Income tax expense		293		522		466		883
Net income	$	1,333	$	1,342	$	2,027	$	2,269
Pro forma earnings per share (1)
Basic earnings per share	$	0.24	$	0.35	$	0.38	$	0.60
Diluted earnings per share	$	0.24	$	0.35	$	0.37	$	0.59
Weighted average shares outstanding, basic		5,460,452		3,811,409		5,386,401		3,811,409
Weighted average shares outstanding, diluted		5,524,912		3,869,885		5,450,861		3,872,765