Note 10 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

	Years ended December 31,
	20 16		20 15		20 14
Current	$	3,934	$	4,730	$	5,105
Deferred expense		18		10		73
Total income tax expense	$	3,952	$	4,740	$	5,178

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

	Years ended December 31,
	20 16			20 15			20 14
Computed “expected” income tax expense	$	6,613		$	7,201		$	7,732
Tax-exempt interest income		(2,234	)		(2,381	)		(2,422	)
Nondeductible interest expense		92			101			102
Other, net		(519	)		(181	)		(234	)
Reported income tax expense	$	3,952		$	4,740		$	5,178

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

	December 31,
	20 16			20 15
Deferred tax assets:
Allowance for loan losses and unearned fee income	$	3,347		$	3,229
Valuation allowance on other real estate owned		237			188
Defined benefit plan		2,730			2,798
Deferred compensation and other liabilities		1,336			1,334
Discount accretion of securities		15			19
Net unrealized loss on securities available for sale		1,932			1,436
Total deferred tax assets	$	9,597		$	9,004
Deferred tax liabilities:
Fixed assets	$	(620	)	$	(620	)
Deposit intangibles		(1,573	)		(1,432	)
Defined benefit plan, prepaid portion		(1,345	)		(1,303	)
Total deferred tax liabilities		(3,538	)		(3,355	)
Net deferred tax asset s	$	6,059		$	5,649