Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Notes Tables

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

	December 31,			December 31,
(In Thousands)	2017			2016
Deferred tax assets:
Unrealized holding losses on securities:
Included in accumulated other comprehensive loss	$	843		$	512
Included in retained earnings		(337	)		0
Allowance for loan losses		1,894			2,998
Other deferred tax assets		1,726			2,658
Total deferred tax assets		4,126			6,168
Deferred tax liabilities:
Defined benefit plans - ASC 835:
Included in accumulated other comprehensive loss		31			27
Included in retained earnings		(12	)		0
Bank premises and equipment		751			913
Core deposit intangibles		3			6
Other deferred tax liabilities		64			105
Total deferred tax liabilities		837			1,051
Deferred tax asset, net	$	3,289		$	5,117

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

(In thousands)	2017		2016			2015
Currently payable	$	4,938	$	5,328		$	5,097
Tax expense resulting from allocations of certain tax benefits to equity or as a reduction in other assets		63		175			161
Deferred		2,155		(156	)		79
Total provision	$	7,156	$	5,347		$	5,337

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

(Amounts in thousands)	2017						2016						2015
	Amount			%			Amount			%			Amount			%
Expected provision	$	7,207			35.00		$	7,388			35.00		$	7,633			35.00
Tax-exempt interest income		(1,817	)		(8.82	)		(1,801	)		(8.53	)		(1,914	)		(8.78	)
Nondeductible interest expense		42			0.20			40			0.19			51			0.23
Dividends received deduction		(7	)		(0.03	)		(22	)		(0.10	)		(75	)		(0.34	)
Increase in cash surrender value of life insurance		(133	)		(0.65	)		(134	)		(0.63	)		(135	)		(0.62	)
Employee stock option compensation		8			0.04			0			0.00			0			0.00
ESOP Dividends		(154	)		(0.75	)		0			0.00			0			0.00
Tax benefit from limited partnership investment		(73	)		(0.35	)		(76	)		(0.36	)		(80	)		(0.37	)
Effect of tax rate change		2,159			10.49			0			0.00			0			0.00
Other, net		(76	)		(0.37	)		(48	)		(0.23	)		(143	)		(0.66	)
Effective income tax provision	$	7,156			34.75		$	5,347			25.33		$	5,337			24.47