Note 17 - Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

	December 31,
(in thousands)	2019		2018
Assets
Cash	$	8,895	$	13,551
Investment in subsidiary		46,953		37,249
Other assets		20		20
Total assets	$	55,868	$	50,820
Stockholders' Equity
Stockholders' equity	$	55,868	$	50,820
Total liabilities and stockholders' equity	$	55,868	$	50,820

Condensed Income Statement [Table Text Block]

Condensed Statements of Earnings	Year Ended December 31,
	2019			2018
(in thousands)
Revenues	$	-		$	-
Expenses		(501	)		(632	)
Income tax benefit		122			160
Loss before earnings of subsidiary		(379	)		(472	)
Net earnings of subsidiary		3,921			4,514
Net earnings	$	3,542		$	4,042

Condensed Cash Flow Statement [Table Text Block]

	Year Ended December 31,
(in thousands)	2019			2018
Cash flows from operating activities:
Net Earnings	$	3,542		$	4,042
Adjustments to reconcile net earnings to net cash used in operating activities:
Equity in earnings of subsidiary		(3,921	)		(4,514	)
Stock issued as compensation		72			60
Net cash used in operating activities		(307	)		(412	)
Cash flows from financing activities:
Proceeds from sale of common stock		873			-
Proceeds from stock options exercised		5			172
Net cash provided by financing activities		878			172
Cash flows from investment activities:
Cash dividend paid		(377	)		(312	)
Cash infusion to subsidiary		(4,850	)		-
Net cash used by investing activities		(5,227	)		(312	)
Net decrease in cash		(4,656	)		(552	)
Cash at beginning of the year		13,551			14,103
Cash at end of year	$	8,895		$	13,551
Supplemental disclosure of cash flow information-
Noncash items:
Net change in accumulated other comprehensive income (loss) of subsidiary, net of change in
unrealized loss on debt securities available for sale, net of tax	$	756		$	(260	)
Stock-based compensation expense of subsidiary	$	177		$	145