Note 9 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

	Years ended December 31,
	2018			2017		2016
Current	$	2,942		$	2,943	$	3,934
Deferred expense (benefit)		(382	)		1,790		18
Deferred tax adjustment for enacted change in tax rate		---			1,560		---
Total income tax expense	$	2,560		$	6,293	$	3,952

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

	Years ended December 31,
	2018			2017			2016
Computed “expected” income tax expense	$	3,929		$	7,135		$	6,613
Tax impact of enacted change in tax rate		---			1,560			---
Tax-exempt interest income		(1,255	)		(2,144	)		(2,234	)
Nondeductible interest expense		69			89			92
Other, net		(183	)		(347	)		(519	)
Reported income tax expense	$	2,560		$	6,293		$	3,952

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

	December 31,
	2018			2017
Deferred tax assets:
Allowance for loan losses and unearned fee income	$	1,683		$	1,773
Valuation allowance on other real estate owned		223			156
Defined benefit plan		1,864			1,592
Deferred compensation and other liabilities		1,308			863
Discount accretion of securities		---			---
Net unrealized loss on securities available for sale		1,348			984
Total deferred tax assets	$	6,426		$	5,368
Deferred tax liabilities:
Fixed assets	$	(365	)	$	(388	)
Deposit intangibles		(1,169	)		(1,059	)
Defined benefit plan, prepaid portion		(1,465	)		(1,579	)
Discount accretion of securities		(70	)		(2	)
Total deferred tax liabilities		(3,069	)		(3,028	)
Net deferred tax assets	$	3,357		$	2,340