SBT Bancorp (SBTB) 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 05, 2017
Document Information [Line Items]
Entity Registrant Name	SBT Bancorp, Inc.
Entity Central Index Key	1,354,174
Trading Symbol	sbtb
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		1,372,409
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 8,251	$ 10,976
Interest-bearing deposits with the Federal Reserve Bank and Federal Home Loan Bank	11,586	9,786
Money market mutual funds	634	95
Federal funds sold	157	150
Cash and cash equivalents	20,628	21,007
Certificates of deposit	1,250	1,250
Investments in available-for-sale securities, at fair value	59,665	58,728
Federal Home Loan Bank stock, at cost	2,187	2,896
Loans held-for-sale	747	2,801
Loans	407,080	409,164
Less: allowance for loan losses	3,869	3,753
Loans, net	403,211	405,411
Premises and equipment, net	1,841	1,905
Accrued interest receivable	1,222	1,301
Other real estate owned	570
Bank owned life insurance	9,191	9,130
Other assets	5,223	5,570
Total assets	505,735	509,999
Deposits:
Demand deposits	130,982	134,341
Savings and NOW deposits	228,491	212,835
Time deposits	67,568	66,588
Total deposits	427,041	413,764
Securities sold under agreements to repurchase	2,425	2,694
Federal Home Loan Bank advances	36,318	54,058
Long-term subordinated debt	7,259	7,252
Other liabilities	1,924	1,944
Total liabilities	474,967	479,712
Stockholders' equity:
Common stock, no par value; authorized 2,000,000 shares; issued and outstanding 1,372,823 shares and 1,372,409 shares, respectively, at March 31, 2017 and 1,372,394 shares and 1,371,980 shares, respectively, at December 31, 2016	19,146	19,133
Retained earnings	12,330	12,017
Treasury stock, 414 shares	(7)	(7)
Unearned compensation-restricted stock awards	(258)	(293)
Accumulated other comprehensive loss	(443)	(563)
Total stockholders' equity	30,768	30,287
Total liabilities and stockholders' equity	$ 505,735	$ 509,999

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Mar. 31, 2017	Dec. 31, 2016
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	2,000,000	2,000,000
Common stock, shares issued (in shares)	1,372,823	1,372,394
Common stock, shares outstanding (in shares)	1,372,409	1,371,980
Treasury stock, shares (in shares)	414	414

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Interest and dividend income:
Interest and fees on loans	$ 3,658	$ 3,075
Investment securities	338	390
Interest-bearing deposits	30	23
Total interest and dividend income	4,026	3,488
Interest expense:
Interest on deposits	265	159
Interest on securities sold under agreements to repurchase	2	1
Interest on Federal Home Loan Bank advances	69	32
Interest on long-term subordinated debt	134	107
Total interest expense	470	299
Net interest and dividend income	3,556	3,189
Provision for loan losses	250	131
Net interest and dividend income after provision for loan losses	3,306	3,058
Noninterest income (loss):
Service charges on deposit accounts	92	90
(Loss) gain on sales and writedowns of available-for-sale securities	(1)	47
Other service charges and fees	189	233
Increase in cash surrender value of life insurance policies	61	51
Mortgage loan servicing activities, net	19	(213)
Gain on sale of mortgages, net	223	207
Investment services fees and commissions	29	27
Other income	23	17
Total noninterest income	635	459
Noninterest expense:
Salaries and employee benefits	1,693	1,830
Occupancy expense	383	370
Equipment expense	109	93
Advertising and promotions	101	107
Forms and supplies	26	39
Professional fees	200	84
Directors’ fees	58	53
Correspondent charges	66	72
FDIC assessment	111	62
Data processing	229	213
Internet banking costs	44	53
Other expenses	313	342
Total noninterest expense	3,333	3,318
Income before income taxes	608	199
Income tax provision (benefit)	106	(7)
Net income	502	206
Net income available to common stockholders	$ 502	$ 206
Weighted average shares outstanding, basic (in shares)	1,358,142	1,348,572
Earnings per common share, basic (in dollars per share)	$ 0.37	$ 0.15
Weighted average shares outstanding, assuming dilution (in shares)	1,360,775	1,350,507
Earnings per common share, assuming dilution (in dollars per share)	$ 0.37	$ 0.15
Dividends declared on common stock, per share (in dollars per share)	$ 0.14	$ 0.14

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net income		$ 502	$ 206
Other comprehensive income net of tax:
Net change in unrealized holding gain/loss on securities available-for-sale		182	966
Reclassification adjustment for realized losses (gains) in net income	[1]	1	(47)
Other comprehensive income, before tax		183	919
Income tax expense		(63)	(314)
Other comprehensive income, net of tax		120	605
Comprehensive income		$ 622	$ 811
[1]	Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain on sales of available-for-sale securities, net, the tax expense amount is included in income tax provision (benefit), and the after tax amount is included in net income.

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Unallocated Employee Stock Ownership Plan [Member]	AOCI Attributable to Parent [Member]	Total
Balance	$ 18,856	$ 11,288	$ (7)	$ (206)	$ (189)	$ 29,742
Balance at Dec. 31, 2015	18,856	11,288	(7)	(206)	(189)	29,742
Net income		206				206
Other comprehensive income, net of tax					605	605
Stock-based compensation	5			34		39
Common stock issued	10					10
Dividends declared on common stock ($.14 per share)		(189)				(189)
Balance at Mar. 31, 2016	18,871	11,305	(7)	(172)	416	30,413
Balance	18,856	11,288	(7)	(206)	(189)	29,742
Balance	18,871	11,305	(7)	(172)	416	30,413
Balance	19,133	12,017	(7)	(293)	(563)	30,287
Balance at Dec. 31, 2016	19,133	12,017	(7)	(293)	(563)	30,287
Net income		502				502
Other comprehensive income, net of tax					120	120
Stock-based compensation	2			35		37
Common stock issued	11					11
Dividends declared on common stock ($.14 per share)		(189)				(189)
Balance at Mar. 31, 2017	19,146	12,330	(7)	(258)	(443)	30,768
Balance	19,133	12,017	(7)	(293)	(563)	30,768
Balance	$ 19,146	$ 12,330	$ (7)	$ (258)	$ (443)	$ 30,768

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Retained Earnings [Member]
Dividends declared on common stock, per share (in dollars per share)	$ 0.14	$ 0.14
Dividends declared on common stock, per share (in dollars per share)	$ 0.14	$ 0.14

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 502	$ 206
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of securities, net	86	88
Loss (gain) on available-for-sale securities, net of writedowns	1	(47)
Amortization of mortgage servicing rights	207	166
Change in deferred origination costs, net	32	(254)
Provision for loan losses	250	131
Loans originated for sale	(14,235)	(13,297)
Proceeds from sales of loans originated for sale	16,512	14,552
Gain on sales of loans	(223)	(207)
Depreciation and amortization	98	78
Amortization of long-term subordinated debt issuance costs	7	7
Decrease (increase) in other assets	179	(75)
Decrease (increase) in interest receivable	79	(18)
(Increase) decrease in taxes receivable	(102)	26
Increase in cash surrender value of bank owned life insurance	(61)	(51)
Stock-based compensation	37	39
Decrease in other liabilities	(12)	(71)
Decrease in interest payable	(8)	(59)
Net cash provided by operating activities	3,349	1,214
Cash flows from investing activities:
Purchases of certificates of deposit		(250)
Purchases of available-for-sale securities	(2,772)	(3,827)
Proceeds from maturities of available-for-sale securities	1,931	2,783
Proceeds from sales of available-for-sale securities	0	565
Purchases of Federal Home Loan Bank stock	(142)	(418)
Redemption of Federal Home Loan Bank stock	851	456
Loan originations and principal collections, net	1,346	(11,892)
Loans purchased		(7,994)
Recoveries of loans previously charged off	2	1
Purchase of bank owned life insurance		(1,500)
Capital expenditures	(34)	(346)
Net cash provided by (used in) investing activities	1,182	(22,422)
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	12,297	12,736
Net increase (decrease) in time deposits	980	(2,166)
Net (decrease) increase in securities sold under agreements to repurchase	(269)	73
Net change in short-term Federal Home Loan Bank (FHLB) advances	(18,000)	(5,500)
Proceeds from long-term FHLB advances	260
Proceeds from issuance of common stock	11	10
Increase in subordinated debt issuance fees		(7)
Dividends paid - common stock	(189)	(189)
Net cash (used in) provided by financing activities	(4,910)	4,957
Net decrease in cash and cash equivalents	(379)	(16,319)
Cash and cash equivalents at beginning of period	21,007	28,890
Cash and cash equivalents at end of period	20,628	12,571
Supplemental disclosures of cash flow information:
Interest paid	471	358
Income taxes paid	4	33
Supplemental disclosures of non-cash transactions:
Loans transferred to other real estate owned	$ 570

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10 May 2010, January 2011, December 31, 2017. While management believes that the disclosures presented are adequate so as to not make the information misleading, it is suggested that these unaudited consolidated financial statements be read in conjunction with the consolidated financial statements and notes included in the Company’s Form 10 December 31, 2016.

Note 2 - Stock-based Compensati

Note 2 - Stock-based Compensation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 2 – STOCK-BASED COMPENSATION At March 31, 2017, three March 31, 2017, $37 three March 31, 2016, $39

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In April 2015, 2015 03, 835 30): ents in this ASU. The standard was effective for interim and annual reporting periods beginning after December 15, 2015, December 31, 2015 In January 2016, 2016 01, “Financial Instruments-Overall (Subtopic 825 10): December 15, 2017. In February 2016, 2016 02, 842).” 2016 02 December 15, 2018 2016 02 In March 2016, 2016 09, 718): (1) (2) (3) is effective for public companies for annual periods beginning after December 15, 2016, 2016 09 January 1, 2017. three March 31, 2017. In June 2016, 2016 13, 326): 2016 13 2016 13 (1) (2) (3) 2016 13 December 15, 2019, rrently assessing the impact that adoption of ASU 2016 13 In August 2016, 2016 15, "Statement of Cash Flows (Topic 230): eight 2016 15 December 15, 2017. 2016 15 In March 2017, 2017 08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017 08 December 15, 2018 first 2017 08

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 4 Accounting Standards Codification ( ASC) 820 10, In accordance with ASC 820 10, three Level 1 1 Level 2 third Level 3 3 A financial instrument ’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company did not have any significant transfers of assets between Level 1 2 three March 31, 2017. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company ’s financial assets and financial liabilities carried at fair value for March 31, 2017 December 31, 2016. The Company ’s investments in obligations of states and municipalities, mortgage-backed securities and other debt securities available-for-sale are generally classified within Level 2 may Level 3 ’s best estimate is used. Subsequent to inception, management only changes Level 3 third The Company ’s impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 2 third 3 Other real estate owned values are estimated using Level 2 third 3 The following summarizes assets measured at fair value at March 31, 2017 December 31, 2016. A ssets Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) March 31, 2017: Debt securities issued by U.S. government corporations and agencies $ 5,520 $ - $ 5,520 $ - Obligations of states and municipalities 14,343 - 14,343 - Mortgage-backed securities 38,839 - 38,839 - SBA loan pools 963 - 963 - Totals $ 59,665 $ - $ 59,665 $ - December 31, 2016: Debt securities issued by U.S. government corporations and agencies $ 4,253 $ - $ 4,253 $ - Obligations of states and municipalities 14,352 - 14,352 - Mortgage-backed securities 39,140 - 39,140 - SBA loan pools 983 - 983 - Totals $ 58,728 $ - $ 58,728 $ - Assets Measured at Fair Value on a Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) March 31, 2017: Other real estate owned $ 570 $ - $ - $ 570 $ 570 $ - $ - $ 570 T he estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, were as follows as of March 31, 2017 December 31, 2016: March 31, 2017 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 20,628 $ 20,628 $ - $ - $ 20,628 Certificates of deposit 1,250 1,250 - - 1,250 Available-for-sale securities 59,665 - 59,665 - 59,665 Federal Home Loan Bank stock 2,187 - 2,187 - 2,187 Loans held-for-sale 747 - - 758 758 Loans, net 403,211 - - 398,850 398,850 Mortgage servicing rights 1,961 - - 2,457 2,457 Accrued interest receivable 1,222 1,222 - - 1,222 Bank owned life insurance 9,191 - 9,191 - 9,191 Financial liabilities: Deposits 427,041 359,473 67,414 - 426,887 Securities sold under agreements to repurchase 2,425 - 2,425 - 2,425 Federal Home Loan Bank advances 36,318 - 36,015 - 36,015 Long-term subordinated debt 7,259 - 7,249 - 7,249 December 31, 2016 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 21,007 21,007 $ - $ - $ 21,007 Certificates of deposit 1,250 1,250 - - 1,250 Available-for-sale securities 58,728 - 58,728 - 58,728 Federal Home Loan Bank stock 2,896 - 2,896 - 2,896 Loans held-for-sale 2,801 - - 2,818 2,818 Loans, net 405,411 - - 401,008 401,008 Mortgage servicing rights 1,996 - - 2,432 2,432 Accrued interest receivable 1,301 1,301 - - 1,301 Bank owned life insurance 9,130 - 9,130 - 9,130 Financial liabilities: Deposits 413,764 347,176 66,504 - 413,680 Securities sold under agreements to repurchase 2,694 - 2,694 - 2,694 Federal Home Loan Bank advances 54,058 - 53,767 - 53,767 Long-term subordinated debt 7,252 - 7,268 - 7,268

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	NO TE 5 Basic earnings per common share ( “EPS”) excludes dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The following information was used in the computation of EPS on both a basic and diluted basis for the three March 31, 2017 2016: For the three months ended 3/31/17 3/31/16 (In Thousands, except share and per share data) Basic earnings per share computation: Net income available to common stockholders $ 502 $ 206 Weighted average shares outstanding, basic 1,358,142 1,348,572 Basic earnings per share $ 0.37 $ 0.15 Diluted earnings per share computation: Net income available to common stockholders $ 502 $ 206 Weighted average shares outstanding, before dilution 1,358,142 1,348,572 Dilutive potential shares 2,633 1,935 Weighted average shares outstanding, assuming dilution 1,360,775 1,350,507 Diluted earnings per share $ 0.37 $ 0.15

Note 6 - Investments Securities

Note 6 - Investments Securities	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 6 – INVESTMENT SECURITIES The following table s summarize the amounts and distribution of the Company’s investment securities held as of March 31, 2017 December 31, 2016: INVESTMENT PORTFOLIO (Dollars In Thousands) March 31, 2017 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due within one year $ 2,000 $ - 1 1,999 1.04 % Due after one to five years 3,518 7 4 3,521 1.54 % Total U.S. government corporations and agencies 5,518 7 5 5,520 1.36 % Obligations of states and municipalities Due within one year - - - - % Due after one to five years 1,681 26 - 1,707 1.78 % Due after five to ten years 6,475 106 66 6,515 1.63 % Due after ten to fifteen years 6,132 67 78 6,121 2.53 % Total obligations of states and municipalities 14,288 199 144 14,343 2.03 % Mortgage-backed securities Due after one to five years 788 5 3 790 1.63 % Due after five to ten years 4,550 12 28 4,534 2.08 % Due after ten to fifteen years 19,439 11 382 19,068 2.30 % Due beyond fifteen years 14,802 7 362 14,447 2.69 % Total mortgage-backed securities 39,579 35 775 38,839 2.41 % SBA loan pools Due after five to ten years 951 13 1 963 2.83 % Total SBA loan pools 951 13 1 963 2.83 % Total available-for-sale securities $ 60,336 $ 254 $ 925 $ 59,665 2.23 % INVESTMENT PORTFOLIO (Dollars In Thousands) December 31,2016 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due within one year $ 1,000 $ 1 $ - $ 1,001 1.00 % Due after one to five years 3,250 6 4 3,252 1.24 % Total obligations of states and municipalities 4,250 7 4 4,253 1.18 % Obligations of states and municipalities Due after one to five years 250 1 - 251 4.00 % Due after five to ten years 6,253 100 41 6,312 2.91 % Due after ten to fifteen years 7,417 78 100 7,395 2.76 % Due beyond fifteen years 389 5 - 394 3.30 % Total obligations of states and municipalities 14,309 184 141 14,352 2.86 % Mortgage-backed securities Due after one to five years 718 7 4 721 2.25 % Due after five to ten years 3,480 13 21 3,472 1.80 % Due after ten to fifteen years 20,272 9 539 19,742 1.69 % Due beyond fifteen years 15,580 11 386 15,205 2.00 % Total mortgage-backed securities 40,050 40 950 39,140 1.83 % SBA loan pools Due after five to ten years 973 13 3 983 3.30 % Total SBA loan pools 973 13 3 983 3.30 % Total available-for-sale securities $ 59,582 $ 244 $ 1,098 $ 58,728 2.33 % T he aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than twelve twelve Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) March 31, 2017: Debt securities issued by U.S. Government corporations and agencies $ 1,983 $ 5 $ - $ - $ 1,983 $ 5 SBA loan pools - - 737 1 737 1 Obligations of states and municipalities 4,673 144 - - 4,673 144 Mortgage-backed securities 30,947 606 3,936 141 34,883 747 Total temporarily impaired securities 37,603 755 4,673 142 42,276 897 Other-than-temporarily impaired securities: Mortgage-backed securities - - 143 28 143 28 Total temporarily impaired and other- than-temporarily impaired securities $ 37,603 $ 755 $ 4,816 $ 170 $ 42,419 $ 925 December 31, 2016: Debt securities issued by U.S. Government corporations and agencies $ 1,246 $ 4 $ - $ - $ 1,246 $ 4 SBA loan pools 743 3 - - 743 3 Obligations of states and municipalities 5,934 141 - - 5,934 141 Mortgage-backed securities 32,817 788 2,890 136 35,707 924 Total temporarily impaired securities 40,740 936 2,890 136 43,630 1,072 Other-than-temporarily impaired securities: Mortgage-backed securities 9 - 158 26 167 26 Total temporarily impaired and other- than-temporarily impaired securities $ 40,749 $ 936 $ 3,048 $ 162 $ 43,797 $ 1,098 The securities in the Company’s investment portfolio that were temporarily impaired as of March 31, 2017 During the three March 31, 2017, no During the three March 31, 201 6, $565 $47 $16

Note 7 - Loan Information

Note 7 - Loan Information	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 7 – LOAN INFORMATION Loans consisted of the fo llowing as of March 31, 2017 December 31, 2016: March 31, 2017 December 31, 2016 (In Thousands) Real estate - residential $ 144,130 $ 143,212 Real estate - commercial 80,934 79,629 Real estate - municipal 8,815 8,733 Real estate - residential construction and land development 3,110 2,932 Real estate - commercial construction and land development 17,515 15,960 Home equity 48,508 48,876 Commercial and industrial 66,562 69,254 Municipal 5,114 4,215 Consumer 30,982 34,911 Total loans 405,670 407,722 Allowance for loan losses (3,869 ) (3,753 ) Deferred costs, net 1,410 1,442 Net loans $ 403,211 $ 405,411 The allowance for loan losses is established as losses are estimated to have occurred through a provision for lo an losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management ’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may General component: The general component of the allowance for loan losses is based on historical loss experience, adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, construction and land development, home equity, commercial and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the three March 31, 2017. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate and home equity: The Company generally does not originate loans with a loan-to-value ratio greater than 80 80% Commercial real estate: Loans in this segment are primarily income-producing properties throughout the Farmington Valley and surrounding communities in Connecticut. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which, in turn, will have an effect on the credit quality in this segment. Management periodically obtains rent rolls and continually monitors the cash flows of these loans. Construction and land development loans: Loans in this segment primarily include speculative real estate development loans for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions. Commercial loans: Loans in this segment are made to businesses and are generally secured by the assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Consumer loans: Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Allocated component: The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis for commercial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan ’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower ’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company may Unallocated component: An unallocated component is maintained to cover uncertainties that could affect management ’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. The following table s present activity in the allowance for loan losses by portfolio segment for the three March 31, 2017 March 31, 2016: Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) March 31, 2017: Allowance for loan losses: Beginning balance $ 1,057 $ 1,044 $ 212 $ 346 $ 824 $ 249 $ 21 $ 3,753 Charge-offs (135 ) - - - - (1 ) - (136 ) Recoveries - 1 - 1 - - - 2 Provision (benefit) 128 (15 ) 75 (3 ) 113 (60 ) 12 250 Ending balance $ 1,050 $ 1,030 $ 287 $ 344 $ 937 $ 188 $ 33 $ 3,869 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) March 31, 2016: Allowance for loan losses: Beginning balance $ 1,065 $ 706 $ 324 $ 331 $ 398 $ 157 $ 47 $ 3,028 Charge-offs - - - - - - - - Recoveries - - - - 1 - - 1 Provision(benefit) 2 94 (38 ) (8 ) 110 17 (46 ) 131 Ending balance $ 1,067 $ 800 $ 286 $ 323 $ 509 $ 174 $ 1 $ 3,160 The following tables set forth information regarding loans and the allowance for loan losses by portfolio segment as of March 31, 2017 December 31, 2016: Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Unallocated Total (In Thousands) March 31, 2017: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 85 $ - $ - $ 85 Ending balance: Collectively evaluated for impairment 1,050 1,030 287 344 852 188 33 3,784 Total allowance for loan losses ending balance $ 1,050 $ 1,030 $ 287 $ 344 $ 937 $ 188 $ 33 $ 3,869 Loans: Ending balance: Individually evaluated for impairment $ - $ 1,150 $ 222 $ - 431 $ - $ - $ 1,803 Ending balance: Collectively evaluated for impairment 144,130 88,599 20,403 48,508 71,245 30,982 - 403,867 Total loans ending balance $ 144,130 $ 89,749 $ 20,625 $ 48,508 $ 71,676 $ 30,982 $ - $ 405,670 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) December 31, 2016: Allowance for loan losses: Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 1 $ - $ - $ 1 Ending balance: Collectively evaluated for impairment 1,057 1,044 212 346 823 249 21 3,752 Total allowance for loan losses ending balance $ 1,057 $ 1,044 $ 212 $ 346 $ 824 $ 249 $ 21 $ 3,753 Loans: Ending balance: Individually evaluated for impairment $ - $ 1,150 $ 222 $ - $ 415 $ - $ - $ 1,787 Ending balance: Collectively evaluated for impairment 143,212 87,212 18,670 48,876 73,054 34,911 - 405,935 Total loans ending balance $ 143,212 $ 88,362 $ 18,892 $ 48,876 $ 73,469 $ 34,911 $ - $ 407,722 The following tables present the Company’s loans by risk rating as of March 31, 2017 December 31, 2016: Real Estate Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Total (In Thousands) March 31, 2017: Grade: Pass $ - $ 81,273 $ 17,293 $ - $ 69,925 $ - $ 168,491 Special mention - 5,847 - - 574 - 6,421 Substandard 1,345 2,629 222 217 1,177 - 5,590 Loans not formally rated 142,785 - 3,110 48,291 - 30,982 225,168 Total $ 144,130 $ 89,749 $ 20,625 $ 48,508 $ 71,676 $ 30,982 $ 405,670 December 31, 2016: Grade: Pass $ - $ 79,800 $ 15,738 $ - $ 71,939 $ - $ 167,477 Special mention - 5,900 - - 324 - 6,224 Substandard 1,947 2,662 222 319 1,206 - 6,356 Loans not formally rated 141,265 - 2,932 48,557 - 34,911 227,665 Total $ 143,212 $ 88,362 $ 18,892 $ 48,876 $ 73,469 $ 34,911 $ 407,722 Credit Quality Indicators : As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators, including trends related to (i) weighted average risk rating of commercial loans; (ii) the level of classified and criticized commercial loans; (iii) non-performing loans; (iv) net charge-offs; and (v) the general economic conditions within the State of Connecticut. The Company ut ilizes a risk rating grading matrix to assign a risk grade to each of its commercial loans. Loans are graded on a scale of 1 7. 1 3.75 . A description of each rating class is as follows: Risk Rati ng 1 Risk Rating 2 – This risk rating is assigned to borrowers of high credit quality who have primary and secondary Risk Rating 3 secondary ors are favorable, and the credit exposure is managed through normal monitoring. Risk Rating 3.5 secondary ayment are weak. These loans may Risk Rating 3.75 1, 2, 3, 3.5. rrower is technically in default due to the lack of current financial statements and/or other required financial information. Risk Rating 4 – This risk rating is assigned to borrowers whose loan or credit commitment may Risk Rating 5 – This risk rating is assigned to borrowers who may may Risk Rating 5.5 Non-Accrual) - Loans in this category have all the characteristics of risk rating 5 90 Risk Rating 6 – This risk rating is assigned to a borrower or a portion of a borrower’s loan with which the Company is no longer certain of its collectability. A specific reserve allocation is assigned to this portion of the loan. Risk Rating 7 – This risk rating is assigned to loans that have been charged off or the portion of the loan that has been charged off. “Loss” does not imply that the loan, or a portion of the loan, will never be repaid nor does it imply that there has been a forgiveness of debt. Loans not formally rated include residential, home equity and consumer loans. As of March 31, 2017, $222.1 $223.6 December 31, 2016, $227.7 $229.9 first 80% March 31, 2017 0.99% 1.07% December 31, 2016 . The Company’s allowance for loan losses at March 31, 2017 0.95% 0.92% December 31, 2016 . An age analysis of past-due loans, segregated by class of loans, as of March 31, 2017 December 31, 2016 90 Days 90 Days or More or More Total Total Total Past Due Nonaccrual 30-59 Days 60-89 Days Past Due Past Due Current Loans and Accruing Loans (In Thousands) March 31, 2017: Real estate: Residential $ 257 $ - $ 1,156 $ 1,413 $ 142,717 $ 144,130 $ - $ 1,494 Commercial - - 1,150 1,150 79,784 80,934 - 1,150 Municipal - - - - 8,815 8,815 - - Construction and land development - - 222 222 20,403 20,625 - 222 Home equity 87 77 70 234 48,274 48,508 - 216 Commercial and industrial - - 432 432 66,130 66,562 - 432 Municipal - - - - 5,114 5,114 - - Consumer 125 34 28 187 30,795 30,982 - 28 Total $ 469 $ 111 $ 3,058 $ 3,638 $ 402,032 $ 405,670 $ - $ 3,542 December 31, 2016: Real estate: Residential $ - $ 297 $ 1,811 $ 2,108 $ 141,104 $ 143,212 $ - $ 1,947 Commercial - - 1,150 1,150 78,479 79,629 - 1,150 Municipal - - - - 8,733 8,733 - - Construction and land development - - 222 222 18,670 18,892 - 222 Home equity - 219 169 388 48,488 48,876 - 248 Commercial and industrial 767 42 415 1,224 68,030 69,254 - 415 Municipal - - - - 4,215 4,215 - - Consumer 114 43 1 158 34,753 34,911 - 70 Total $ 881 $ 601 $ 3,768 $ 5,250 $ 402,472 $ 407,722 $ - $ 4,052 Information about loans that meet the definition of an impaired loan in ASC 310 10 35 for which the company has measured impairment on a loan-by-loan basis is as follows as of and for the three March 31, 2017 December 31, 2016: Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) March 31, 2017: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial - - - - - Residential and commercial construction and land development 222 222 - 222 2 Home equity - - - - - Commercial and industrial 175 175 - 175 - Total impaired with no related allowance $ 397 $ 397 $ - $ 397 $ 2 With an allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,150 1,150 - 1,150 - Residential and commercial construction and land development - - - - - Home equity - - - - - Commercial and industrial 256 256 85 272 - Total impaired with an allowance recorded $ 1,406 $ 1,406 $ 85 $ 1,422 $ - Total Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,150 1,150 - 1,150 - Residential and commercial construction and land development 222 222 - 222 2 Home equity - - - - - Commercial and industrial 431 431 85 447 - Total impaired loans $ 1,803 $ 1,803 $ 85 $ 1,819 $ 2 December 31, 2016: With no related allowance recorded: Real Estate: Commercial $ 1,150 $ 1,150 $ - $ 3,029 $ 272 Residential & commercial construction and land development 222 222 - 222 4 Commercial and industrial 134 134 - 135 4 Total impaired with no related allowance $ 1,506 $ 1,506 $ - $ 3,386 $ 280 With an allowance recorded: Real Estate: Commercial $ - $ - $ - $ - $ - Residential & commercial construction and land development - - - - - Commercial and industrial 281 281 1 321 - Total impaired with an allowance recorded $ 281 $ 281 $ 1 $ 321 $ - Total Real Estate: Commercial $ 1,150 $ 1,150 $ - $ 3,029 $ 272 Residential & commercial construction and land development 222 222 - 222 4 Commercial and industrial 415 415 1 456 4 Total impaired loans $ 1,787 $ 1,787 $ 1 $ 3,707 $ 280 The Ban k’s TDRs are determined by management. TDRs may may no three March 31, 2017. As of March 31, 2017, one y held by the Company. There were four March 31, 2017. four $879 March 31, 2017. There was one December 31, 2016. $179 ’s business interests. The loan was deemed uncollectible and charged off prior to December 31, 2016. The balance of mortgage servicing rights (net) included in other assets at March 31, 2017 December 31, 2016 $2.0 $141 $163 three March 31, 2017 March 31, 2016, $207 $166 three March 31, 2017 March 31, 2016, $2.5 $2.4 March 31, 2017 2016, The Company includes capitalized mort gage servicing rights in gains on sales of mortgages, net on the consolidated statements of income. The total recognized gains on sales of mortgages, net (net of costs, including direct and indirect origination costs), were $223 $207 three March 31, 2017 2016, The significant amounts included in mortgage loan servicing activities, net on the consolidated statements of income for the three March 31, 2017 $192 ng fee income, amortization of mortgage servicing rights of ($207) $33 The significant amounts included in mortgage loan servicing activities, net on the consolidated statements of income f or the three March 31, 2016 $146 ($166) ($193) The following is an analysis of the aggregate changes in the valuation allowance for mortgage servicing rights for the three March 31: 2017 2016 (In Thousands) Balance, beginning of year $ 206 $ 20 Additions - 193 Reductions (33 ) - Balance, end of year $ 173 $ 213 . were not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage loans serviced for others were $312.5 $303.4 March 31, 2017 December 31, 2016,

Note 8 - Securities Sold Under

Note 8 - Securities Sold Under Agreements to Repurchase	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	NOTE 8 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase consist of funds borrowed from customers on a short-term basis secured by portions of the Company's investment portfolio. The securities that were sold have been accounted for not as sales but as borrowings. The securities consisted of debt securities issued by the U.S. Treasury and other U.S. government sponsored enterprises, corporations and agencies as well as states and municipalities. The securities were held in safekeeping by Morgan Stanley, under the control of the Company. The purchasers have agreed to sell to the Company substantially identical securities at the maturity of the agreements. The agreements generally mature within three

Note 9 - Other Comprehensive In

Note 9 - Other Comprehensive Income	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 9 The following table s present the reclassification disclosure for the three March 31, 2017 2016: Three Months Ended March 31, 2017 2016 ( In Thousands) Net change in unrealized holding gain/loss on securities available-for-sale $ 182 $ 966 Reclassification adjustment for realized losses (gains) in net income (1) 1 (47 ) Other comprehensive income before tax 183 919 Income tax expense (63 ) (314 ) Other comprehensive income, net of tax $ 120 $ 605 (1) Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in (loss) gain on sales and writedowns of available-for-sale securities, net, the tax expense amount is included in income tax provision (benefit), and the after tax amount is included in net income. Accumulated other comprehensive loss as of March 31, 2017 December 31, 2016

Note 4 - Fair Value Measureme18

Note 4 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) March 31, 2017: Debt securities issued by U.S. government corporations and agencies $ 5,520 $ - $ 5,520 $ - Obligations of states and municipalities 14,343 - 14,343 - Mortgage-backed securities 38,839 - 38,839 - SBA loan pools 963 - 963 - Totals $ 59,665 $ - $ 59,665 $ - December 31, 2016: Debt securities issued by U.S. government corporations and agencies $ 4,253 $ - $ 4,253 $ - Obligations of states and municipalities 14,352 - 14,352 - Mortgage-backed securities 39,140 - 39,140 - SBA loan pools 983 - 983 - Totals $ 58,728 $ - $ 58,728 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) March 31, 2017: Other real estate owned $ 570 $ - $ - $ 570 $ 570 $ - $ - $ 570
Fair Value, by Balance Sheet Grouping [Table Text Block]	March 31, 2017 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 20,628 $ 20,628 $ - $ - $ 20,628 Certificates of deposit 1,250 1,250 - - 1,250 Available-for-sale securities 59,665 - 59,665 - 59,665 Federal Home Loan Bank stock 2,187 - 2,187 - 2,187 Loans held-for-sale 747 - - 758 758 Loans, net 403,211 - - 398,850 398,850 Mortgage servicing rights 1,961 - - 2,457 2,457 Accrued interest receivable 1,222 1,222 - - 1,222 Bank owned life insurance 9,191 - 9,191 - 9,191 Financial liabilities: Deposits 427,041 359,473 67,414 - 426,887 Securities sold under agreements to repurchase 2,425 - 2,425 - 2,425 Federal Home Loan Bank advances 36,318 - 36,015 - 36,015 Long-term subordinated debt 7,259 - 7,249 - 7,249 December 31, 2016 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 21,007 21,007 $ - $ - $ 21,007 Certificates of deposit 1,250 1,250 - - 1,250 Available-for-sale securities 58,728 - 58,728 - 58,728 Federal Home Loan Bank stock 2,896 - 2,896 - 2,896 Loans held-for-sale 2,801 - - 2,818 2,818 Loans, net 405,411 - - 401,008 401,008 Mortgage servicing rights 1,996 - - 2,432 2,432 Accrued interest receivable 1,301 1,301 - - 1,301 Bank owned life insurance 9,130 - 9,130 - 9,130 Financial liabilities: Deposits 413,764 347,176 66,504 - 413,680 Securities sold under agreements to repurchase 2,694 - 2,694 - 2,694 Federal Home Loan Bank advances 54,058 - 53,767 - 53,767 Long-term subordinated debt 7,252 - 7,268 - 7,268

Note 5 - Earnings Per Common 19

Note 5 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended 3/31/17 3/31/16 (In Thousands, except share and per share data) Basic earnings per share computation: Net income available to common stockholders $ 502 $ 206 Weighted average shares outstanding, basic 1,358,142 1,348,572 Basic earnings per share $ 0.37 $ 0.15 Diluted earnings per share computation: Net income available to common stockholders $ 502 $ 206 Weighted average shares outstanding, before dilution 1,358,142 1,348,572 Dilutive potential shares 2,633 1,935 Weighted average shares outstanding, assuming dilution 1,360,775 1,350,507 Diluted earnings per share $ 0.37 $ 0.15

Note 6 - Investments Securiti20

Note 6 - Investments Securities (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Available-for-sale Securities [Table Text Block]	INVESTMENT PORTFOLIO (Dollars In Thousands) March 31, 2017 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due within one year $ 2,000 $ - 1 1,999 1.04 % Due after one to five years 3,518 7 4 3,521 1.54 % Total U.S. government corporations and agencies 5,518 7 5 5,520 1.36 % Obligations of states and municipalities Due within one year - - - - % Due after one to five years 1,681 26 - 1,707 1.78 % Due after five to ten years 6,475 106 66 6,515 1.63 % Due after ten to fifteen years 6,132 67 78 6,121 2.53 % Total obligations of states and municipalities 14,288 199 144 14,343 2.03 % Mortgage-backed securities Due after one to five years 788 5 3 790 1.63 % Due after five to ten years 4,550 12 28 4,534 2.08 % Due after ten to fifteen years 19,439 11 382 19,068 2.30 % Due beyond fifteen years 14,802 7 362 14,447 2.69 % Total mortgage-backed securities 39,579 35 775 38,839 2.41 % SBA loan pools Due after five to ten years 951 13 1 963 2.83 % Total SBA loan pools 951 13 1 963 2.83 % Total available-for-sale securities $ 60,336 $ 254 $ 925 $ 59,665 2.23 % INVESTMENT PORTFOLIO (Dollars In Thousands) December 31,2016 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due within one year $ 1,000 $ 1 $ - $ 1,001 1.00 % Due after one to five years 3,250 6 4 3,252 1.24 % Total obligations of states and municipalities 4,250 7 4 4,253 1.18 % Obligations of states and municipalities Due after one to five years 250 1 - 251 4.00 % Due after five to ten years 6,253 100 41 6,312 2.91 % Due after ten to fifteen years 7,417 78 100 7,395 2.76 % Due beyond fifteen years 389 5 - 394 3.30 % Total obligations of states and municipalities 14,309 184 141 14,352 2.86 % Mortgage-backed securities Due after one to five years 718 7 4 721 2.25 % Due after five to ten years 3,480 13 21 3,472 1.80 % Due after ten to fifteen years 20,272 9 539 19,742 1.69 % Due beyond fifteen years 15,580 11 386 15,205 2.00 % Total mortgage-backed securities 40,050 40 950 39,140 1.83 % SBA loan pools Due after five to ten years 973 13 3 983 3.30 % Total SBA loan pools 973 13 3 983 3.30 % Total available-for-sale securities $ 59,582 $ 244 $ 1,098 $ 58,728 2.33 %
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) March 31, 2017: Debt securities issued by U.S. Government corporations and agencies $ 1,983 $ 5 $ - $ - $ 1,983 $ 5 SBA loan pools - - 737 1 737 1 Obligations of states and municipalities 4,673 144 - - 4,673 144 Mortgage-backed securities 30,947 606 3,936 141 34,883 747 Total temporarily impaired securities 37,603 755 4,673 142 42,276 897 Other-than-temporarily impaired securities: Mortgage-backed securities - - 143 28 143 28 Total temporarily impaired and other- than-temporarily impaired securities $ 37,603 $ 755 $ 4,816 $ 170 $ 42,419 $ 925 December 31, 2016: Debt securities issued by U.S. Government corporations and agencies $ 1,246 $ 4 $ - $ - $ 1,246 $ 4 SBA loan pools 743 3 - - 743 3 Obligations of states and municipalities 5,934 141 - - 5,934 141 Mortgage-backed securities 32,817 788 2,890 136 35,707 924 Total temporarily impaired securities 40,740 936 2,890 136 43,630 1,072 Other-than-temporarily impaired securities: Mortgage-backed securities 9 - 158 26 167 26 Total temporarily impaired and other- than-temporarily impaired securities $ 40,749 $ 936 $ 3,048 $ 162 $ 43,797 $ 1,098

Note 7 - Loan Information (Tabl

Note 7 - Loan Information (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 2017 December 31, 2016 (In Thousands) Real estate - residential $ 144,130 $ 143,212 Real estate - commercial 80,934 79,629 Real estate - municipal 8,815 8,733 Real estate - residential construction and land development 3,110 2,932 Real estate - commercial construction and land development 17,515 15,960 Home equity 48,508 48,876 Commercial and industrial 66,562 69,254 Municipal 5,114 4,215 Consumer 30,982 34,911 Total loans 405,670 407,722 Allowance for loan losses (3,869 ) (3,753 ) Deferred costs, net 1,410 1,442 Net loans $ 403,211 $ 405,411
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) March 31, 2017: Allowance for loan losses: Beginning balance $ 1,057 $ 1,044 $ 212 $ 346 $ 824 $ 249 $ 21 $ 3,753 Charge-offs (135 ) - - - - (1 ) - (136 ) Recoveries - 1 - 1 - - - 2 Provision (benefit) 128 (15 ) 75 (3 ) 113 (60 ) 12 250 Ending balance $ 1,050 $ 1,030 $ 287 $ 344 $ 937 $ 188 $ 33 $ 3,869 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) March 31, 2016: Allowance for loan losses: Beginning balance $ 1,065 $ 706 $ 324 $ 331 $ 398 $ 157 $ 47 $ 3,028 Charge-offs - - - - - - - - Recoveries - - - - 1 - - 1 Provision(benefit) 2 94 (38 ) (8 ) 110 17 (46 ) 131 Ending balance $ 1,067 $ 800 $ 286 $ 323 $ 509 $ 174 $ 1 $ 3,160 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Unallocated Total (In Thousands) March 31, 2017: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 85 $ - $ - $ 85 Ending balance: Collectively evaluated for impairment 1,050 1,030 287 344 852 188 33 3,784 Total allowance for loan losses ending balance $ 1,050 $ 1,030 $ 287 $ 344 $ 937 $ 188 $ 33 $ 3,869 Loans: Ending balance: Individually evaluated for impairment $ - $ 1,150 $ 222 $ - 431 $ - $ - $ 1,803 Ending balance: Collectively evaluated for impairment 144,130 88,599 20,403 48,508 71,245 30,982 - 403,867 Total loans ending balance $ 144,130 $ 89,749 $ 20,625 $ 48,508 $ 71,676 $ 30,982 $ - $ 405,670 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In Thousands) December 31, 2016: Allowance for loan losses: Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 1 $ - $ - $ 1 Ending balance: Collectively evaluated for impairment 1,057 1,044 212 346 823 249 21 3,752 Total allowance for loan losses ending balance $ 1,057 $ 1,044 $ 212 $ 346 $ 824 $ 249 $ 21 $ 3,753 Loans: Ending balance: Individually evaluated for impairment $ - $ 1,150 $ 222 $ - $ 415 $ - $ - $ 1,787 Ending balance: Collectively evaluated for impairment 143,212 87,212 18,670 48,876 73,054 34,911 - 405,935 Total loans ending balance $ 143,212 $ 88,362 $ 18,892 $ 48,876 $ 73,469 $ 34,911 $ - $ 407,722
Financing Receivable Credit Quality Indicators [Table Text Block]	Real Estate Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Total (In Thousands) March 31, 2017: Grade: Pass $ - $ 81,273 $ 17,293 $ - $ 69,925 $ - $ 168,491 Special mention - 5,847 - - 574 - 6,421 Substandard 1,345 2,629 222 217 1,177 - 5,590 Loans not formally rated 142,785 - 3,110 48,291 - 30,982 225,168 Total $ 144,130 $ 89,749 $ 20,625 $ 48,508 $ 71,676 $ 30,982 $ 405,670 December 31, 2016: Grade: Pass $ - $ 79,800 $ 15,738 $ - $ 71,939 $ - $ 167,477 Special mention - 5,900 - - 324 - 6,224 Substandard 1,947 2,662 222 319 1,206 - 6,356 Loans not formally rated 141,265 - 2,932 48,557 - 34,911 227,665 Total $ 143,212 $ 88,362 $ 18,892 $ 48,876 $ 73,469 $ 34,911 $ 407,722
Past Due Financing Receivables [Table Text Block]	90 Days 90 Days or More or More Total Total Total Past Due Nonaccrual 30-59 Days 60-89 Days Past Due Past Due Current Loans and Accruing Loans (In Thousands) March 31, 2017: Real estate: Residential $ 257 $ - $ 1,156 $ 1,413 $ 142,717 $ 144,130 $ - $ 1,494 Commercial - - 1,150 1,150 79,784 80,934 - 1,150 Municipal - - - - 8,815 8,815 - - Construction and land development - - 222 222 20,403 20,625 - 222 Home equity 87 77 70 234 48,274 48,508 - 216 Commercial and industrial - - 432 432 66,130 66,562 - 432 Municipal - - - - 5,114 5,114 - - Consumer 125 34 28 187 30,795 30,982 - 28 Total $ 469 $ 111 $ 3,058 $ 3,638 $ 402,032 $ 405,670 $ - $ 3,542 December 31, 2016: Real estate: Residential $ - $ 297 $ 1,811 $ 2,108 $ 141,104 $ 143,212 $ - $ 1,947 Commercial - - 1,150 1,150 78,479 79,629 - 1,150 Municipal - - - - 8,733 8,733 - - Construction and land development - - 222 222 18,670 18,892 - 222 Home equity - 219 169 388 48,488 48,876 - 248 Commercial and industrial 767 42 415 1,224 68,030 69,254 - 415 Municipal - - - - 4,215 4,215 - - Consumer 114 43 1 158 34,753 34,911 - 70 Total $ 881 $ 601 $ 3,768 $ 5,250 $ 402,472 $ 407,722 $ - $ 4,052
Impaired Financing Receivables [Table Text Block]	Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) March 31, 2017: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial - - - - - Residential and commercial construction and land development 222 222 - 222 2 Home equity - - - - - Commercial and industrial 175 175 - 175 - Total impaired with no related allowance $ 397 $ 397 $ - $ 397 $ 2 With an allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,150 1,150 - 1,150 - Residential and commercial construction and land development - - - - - Home equity - - - - - Commercial and industrial 256 256 85 272 - Total impaired with an allowance recorded $ 1,406 $ 1,406 $ 85 $ 1,422 $ - Total Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,150 1,150 - 1,150 - Residential and commercial construction and land development 222 222 - 222 2 Home equity - - - - - Commercial and industrial 431 431 85 447 - Total impaired loans $ 1,803 $ 1,803 $ 85 $ 1,819 $ 2 December 31, 2016: With no related allowance recorded: Real Estate: Commercial $ 1,150 $ 1,150 $ - $ 3,029 $ 272 Residential & commercial construction and land development 222 222 - 222 4 Commercial and industrial 134 134 - 135 4 Total impaired with no related allowance $ 1,506 $ 1,506 $ - $ 3,386 $ 280 With an allowance recorded: Real Estate: Commercial $ - $ - $ - $ - $ - Residential & commercial construction and land development - - - - - Commercial and industrial 281 281 1 321 - Total impaired with an allowance recorded $ 281 $ 281 $ 1 $ 321 $ - Total Real Estate: Commercial $ 1,150 $ 1,150 $ - $ 3,029 $ 272 Residential & commercial construction and land development 222 222 - 222 4 Commercial and industrial 415 415 1 456 4 Total impaired loans $ 1,787 $ 1,787 $ 1 $ 3,707 $ 280
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block]	2017 2016 (In Thousands) Balance, beginning of year $ 206 $ 20 Additions - 193 Reductions (33 ) - Balance, end of year $ 173 $ 213

Note 9 - Other Comprehensive 22

Note 9 - Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, 2017 2016 ( In Thousands) Net change in unrealized holding gain/loss on securities available-for-sale $ 182 $ 966 Reclassification adjustment for realized losses (gains) in net income (1) 1 (47 ) Other comprehensive income before tax 183 919 Income tax expense (63 ) (314 ) Other comprehensive income, net of tax $ 120 $ 605

Note 2 - Stock-based Compensa23

Note 2 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Allocated Share-based Compensation Expense	$ 37	$ 39

Note 4 - Fair Value Measureme24

Note 4 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale securities	$ 59,665	$ 58,728
Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	59,665	58,728
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	59,665	58,728
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member]
Available-for-sale securities	5,520	4,253
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	5,520	4,253
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Available-for-sale securities	14,343	14,352
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	14,343	14,352
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities	38,839	39,140
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	38,839	39,140
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member]
Available-for-sale securities	963	983
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	963	983
Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities

Note 4 - Fair Value Measureme25

Note 4 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) $ in Thousands	Mar. 31, 2017USD ($)
Assets, fair value, nonrecurring	$ 570
Fair Value, Inputs, Level 1 [Member]
Assets, fair value, nonrecurring
Fair Value, Inputs, Level 2 [Member]
Assets, fair value, nonrecurring
Fair Value, Inputs, Level 3 [Member]
Assets, fair value, nonrecurring	570
Other Real Estate Owned [Member]
Assets, fair value, nonrecurring	570
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, fair value, nonrecurring
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, fair value, nonrecurring
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, fair value, nonrecurring	$ 570

Note 4 - Fair Value Measureme26

Note 4 - Fair Value Measurements - Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale securities	$ 59,665	$ 58,728
Reported Value Measurement [Member]
Cash and cash equivalents	20,628	21,007
Certificates of deposit	1,250	1,250
Available-for-sale securities	59,665	58,728
Federal Home Loan Bank stock	2,187	2,896
Loans held-for-sale	747	2,801
Loans, net	403,211	405,411
Servicing Asset at Fair Value, Amount	1,961	1,996
Accrued interest receivable	1,222	1,301
Bank owned life insurance	9,191	9,130
Deposits	427,041	413,764
Securities sold under agreements to repurchase	2,425	2,694
Federal Home Loan Bank advances	36,318	54,058
Long-term subordinated debt	7,259	7,252
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	20,628	21,007
Certificates of deposit	1,250	1,250
Available-for-sale securities	59,665	58,728
Federal Home Loan Bank stock	2,187	2,896
Loans held-for-sale	758	2,818
Loans, net	398,850	401,008
Servicing Asset at Fair Value, Amount	2,457	2,432
Accrued interest receivable	1,222	1,301
Bank owned life insurance	9,191	9,130
Deposits	426,887	413,680
Securities sold under agreements to repurchase	2,425	2,694
Federal Home Loan Bank advances	36,015	53,767
Long-term subordinated debt	7,249	7,268
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	20,628	21,007
Certificates of deposit	1,250	1,250
Available-for-sale securities	0	0
Federal Home Loan Bank stock	0	0
Loans held-for-sale	0	0
Loans, net	0	0
Servicing Asset at Fair Value, Amount	0	0
Accrued interest receivable	1,222	1,301
Bank owned life insurance	0	0
Deposits	359,473	347,176
Securities sold under agreements to repurchase	0	0
Federal Home Loan Bank advances	0	0
Long-term subordinated debt	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Available-for-sale securities	59,665	58,728
Federal Home Loan Bank stock	2,187	2,896
Loans held-for-sale	0	0
Loans, net	0	0
Servicing Asset at Fair Value, Amount	0	0
Accrued interest receivable	0	0
Bank owned life insurance	9,191	9,130
Deposits	67,414	66,504
Securities sold under agreements to repurchase	2,425	2,694
Federal Home Loan Bank advances	36,015	53,767
Long-term subordinated debt	7,249	7,268
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Available-for-sale securities	0	0
Federal Home Loan Bank stock	0	0
Loans held-for-sale	758	2,818
Loans, net	398,850	401,008
Servicing Asset at Fair Value, Amount	2,457	2,432
Accrued interest receivable	0	0
Bank owned life insurance	0	0
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Federal Home Loan Bank advances	0	0
Long-term subordinated debt	$ 0	$ 0

Note 5 - Earnings Per Common 27

Note 5 - Earnings Per Common Share - Computation of EPS on Both Basic and Diluted Basis (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income available to common stockholders	$ 502	$ 206
Weighted average shares outstanding, basic (in shares)	1,358,142	1,348,572
Earnings per common share, basic (in dollars per share)	$ 0.37	$ 0.15
Net income available to common stockholders	$ 502	$ 206
Dilutive potential shares (in shares)	2,633	1,935
Weighted average shares outstanding, assuming dilution (in shares)	1,360,775	1,350,507
Earnings per common share, assuming dilution (in dollars per share)	$ 0.37	$ 0.15

Note 6 - Investments Securiti28

Note 6 - Investments Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 565
Available-for-sale Securities, Gross Realized Gains		47
Available-for-sale Securities, Realized Gain (Loss) Income Tax Expense (Benefit)		$ 16

Note 6 - Investment Securities

Note 6 - Investment Securities - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Amortized cost, total available-for-sale securities	$ 60,336	$ 59,582
Unrealized gains, total available-for-sale securities	254	244
Unrealized losses, total available-for-sale securities	925	1,098
Fair value, total available-for-sale securities	$ 59,665	$ 58,728
Yield, total available-for-sale securities	2.23%	2.33%
US Government Agencies Debt Securities [Member]
Amortized cost, due within one year	$ 2,000
Unrealized gains, due within one year
Unrealized losses, due within one year	1
Fair value, due within one year	$ 1,999
Yield, due within one year	1.04%
Amortized cost, due after one to five years	$ 3,518	$ 3,250
Unrealized gains, due after one to five years	7	6
Unrealized losses, due after one to five years	4	4
Fair value, due after one to five years	$ 3,521	$ 3,252
Yield, due after one to five years	1.54%	1.24%
Amortized cost, total available-for-sale securities	$ 5,518	$ 4,250
Unrealized gains, total available-for-sale securities	7	7
Unrealized losses, total available-for-sale securities	5	4
Fair value, total available-for-sale securities	$ 5,520	$ 4,253
Yield, total available-for-sale securities	1.36%	1.18%
US States and Political Subdivisions Debt Securities [Member]
Amortized cost, due within one year		$ 1,000
Unrealized gains, due within one year		1
Unrealized losses, due within one year	0	0
Fair value, due within one year		$ 1,001
Yield, due within one year		1.00%
Amortized cost, due after one to five years	$ 1,681	$ 250
Unrealized gains, due after one to five years	26	1
Unrealized losses, due after one to five years	0
Fair value, due after one to five years	$ 1,707	$ 251
Yield, due after one to five years	1.78%	4.00%
Amortized cost, total available-for-sale securities	$ 14,288	$ 14,309
Unrealized gains, total available-for-sale securities	199	184
Unrealized losses, total available-for-sale securities	144	141
Fair value, total available-for-sale securities	$ 14,343	$ 14,352
Yield, total available-for-sale securities	2.03%	2.86%
Amortized cost, due after five to ten years	$ 6,475	$ 6,253
Unrealized gains, due after five to ten years	106	100
Unrealized losses, due after five to ten years	66	41
Fair value, due after five to ten years	$ 6,515	$ 6,312
Yield, due after five to ten years	1.63%	2.91%
Amortized cost, due after ten to fifteen years	$ 6,132	$ 7,417
Unrealized gains, due after ten to fifteen years	67	78
Unrealized losses, due after ten to fifteen years	78	100
Fair value, due after ten to fifteen years	$ 6,121	$ 7,395
Yield, due after ten to fifteen years	2.53%	2.76%
Amortized cost, due beyond fifteen years	$ 14,802	$ 389
Unrealized gains, due beyond fifteen years	7	5
Unrealized losses, due beyond fifteen years	362	0
Fair value, due beyond fifteen years	$ 14,447	$ 394
Yield, due beyond fifteen years	2.69%	3.30%
Collateralized Mortgage Backed Securities [Member]
Amortized cost, due after one to five years	$ 788	$ 718
Unrealized gains, due after one to five years	5	7
Unrealized losses, due after one to five years	3	4
Fair value, due after one to five years	$ 790	$ 721
Yield, due after one to five years	1.63%	2.25%
Amortized cost, total available-for-sale securities	$ 39,579	$ 40,050
Unrealized gains, total available-for-sale securities	35	40
Unrealized losses, total available-for-sale securities	775	950
Fair value, total available-for-sale securities	$ 38,839	$ 39,140
Yield, total available-for-sale securities	2.41%	1.83%
Amortized cost, due after five to ten years	$ 4,550	$ 3,480
Unrealized gains, due after five to ten years	12	13
Unrealized losses, due after five to ten years	28	21
Fair value, due after five to ten years	$ 4,534	$ 3,472
Yield, due after five to ten years	2.08%	1.80%
Amortized cost, due after ten to fifteen years	$ 19,439	$ 20,272
Unrealized gains, due after ten to fifteen years	11	9
Unrealized losses, due after ten to fifteen years	382	539
Fair value, due after ten to fifteen years	$ 19,068	$ 19,742
Yield, due after ten to fifteen years	2.30%	1.69%
Amortized cost, due beyond fifteen years		$ 15,580
Unrealized gains, due beyond fifteen years		11
Unrealized losses, due beyond fifteen years		386
Fair value, due beyond fifteen years		$ 15,205
Yield, due beyond fifteen years		2.00%
Other Debt Obligations [Member]
Amortized cost, total available-for-sale securities	$ 951	$ 973
Unrealized gains, total available-for-sale securities	13	13
Unrealized losses, total available-for-sale securities	1	3
Fair value, total available-for-sale securities	$ 963	$ 983
Yield, total available-for-sale securities	2.83%	3.30%
Amortized cost, due after five to ten years	$ 951	$ 973
Unrealized gains, due after five to ten years	13	13
Unrealized losses, due after five to ten years	1	3
Fair value, due after five to ten years	$ 963	$ 983
Yield, due after five to ten years	2.83%	3.30%

Note 6 - Investments Securiti30

Note 6 - Investments Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Less than 12 Months, Fair Value	$ 37,603	$ 40,749
Less than 12 Months, Unrealized Losses	755	936
12 Months or Longer, Fair Value	4,816	3,048
12 Months or Longer, Unrealized Losses	170	162
Total Fair Value	42,419	43,797
Total Unrealized Losses	925	1,098
Temporarily Impaired Securities [Member]
Less than 12 Months, Fair Value	37,603	40,740
Less than 12 Months, Unrealized Losses	755	936
12 Months or Longer, Fair Value	4,673	2,890
12 Months or Longer, Unrealized Losses	142	136
Total Fair Value	42,276	43,630
Total Unrealized Losses	897	1,072
Temporarily Impaired Securities [Member] | US Government Agencies Debt Securities [Member]
Less than 12 Months, Fair Value	1,983	1,246
Less than 12 Months, Unrealized Losses	5	4
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Total Fair Value	1,983	1,246
Total Unrealized Losses	5	4
Temporarily Impaired Securities [Member] | Other Debt Obligations [Member]
Less than 12 Months, Fair Value		743
Less than 12 Months, Unrealized Losses		3
12 Months or Longer, Fair Value	737
12 Months or Longer, Unrealized Losses	1
Total Fair Value	737	743
Total Unrealized Losses	1	3
Temporarily Impaired Securities [Member] | US States and Political Subdivisions Debt Securities [Member]
Less than 12 Months, Fair Value	4,673	5,934
Less than 12 Months, Unrealized Losses	144	141
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Total Fair Value	4,673	5,934
Total Unrealized Losses	144	141
Temporarily Impaired Securities [Member] | Collateralized Mortgage Backed Securities [Member]
Less than 12 Months, Fair Value	30,947	32,817
Less than 12 Months, Unrealized Losses	606	788
12 Months or Longer, Fair Value	3,936	2,890
12 Months or Longer, Unrealized Losses	141	136
Total Fair Value	34,883	35,707
Total Unrealized Losses	747	924
Other than Temporarily Impaired Securities [Member] | Collateralized Mortgage Backed Securities [Member]
Less than 12 Months, Fair Value		9
Less than 12 Months, Unrealized Losses
12 Months or Longer, Fair Value	143	158
12 Months or Longer, Unrealized Losses	28	26
Total Fair Value	143	167
Total Unrealized Losses	$ 28	$ 26

Note 7 - Loan Information (Deta

Note 7 - Loan Information (Details Textual) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Loans and Leases Receivable, Gross	$ 405,670		$ 407,722
Percentage of Delinquent Loans Outstanding	0.99%		1.07%
Loans and Leases Receivable, Allowance, Percent	0.95%		0.92%
Real Estate Acquired Through Foreclosure	$ 879
Financing Receivable, Modifications, Number of Contracts	0
Gain (Loss) on Sale of Mortgage Loans	$ 223	$ 207
Mortgages [Member]
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	312,500		$ 303,400
Mortgage Servicing Rights [Member]
Servicing Asset at Amortized Cost	2,000		$ 2,000
Servicing Asset at Amortized Cost, Additions	141	163
Servicing Asset at Amortized Cost, Amortization	207	166
Servicing Asset at Fair Value, Amount	2,500	2,400
Bank Servicing Fees	192	146
Valuation Allowance for Impairment of Recognized Servicing Assets, Additions (Deductions) for Expenses (Recoveries)	33	$ (193)
Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Number of Contracts			1
Nonperforming Financial Instruments [Member] | Payments Temporarily Reduced [Member]
Financing Receivable, Modifications, Recorded Investment			$ 179
Residential Home Equity and Consumer Portfolio Segments [Member]
Loans and Leases Receivable, Gross	223,600		229,900
Residential Home Equity and Consumer Portfolio Segments [Member] | Not Formally Rated [Member]
Loans and Leases Receivable, Gross	222,100		227,700
Home Equity Portfolio Segment [Member]
Loans and Leases Receivable, Gross	$ 48,508		$ 48,876
Loan to Value Ratio	80.00%

Note 7 - Loan Information - Loa

Note 7 - Loan Information - Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans	$ 405,670	$ 407,722
Allowance for loan losses	(3,869)	(3,753)
Deferred costs, net	1,410	1,442
Net loans	403,211	405,411
Residential Portfolio Segment [Member]
Loans	144,130	143,212
Commercial Real Estate Portfolio Segment [Member]
Loans	80,934	79,629
Municipal Real Estate Portfolio Segment [Member]
Loans	8,815	8,733
Residential Construction and Land Development Real Estate Portfolio Segment [Member]
Loans	3,110	2,932
Commercial Construction and Land Development Real Estate Portfolio Segment [Member]
Loans	17,515	15,960
Home Equity Portfolio Segment [Member]
Loans	48,508	48,876
Commercial Portfolio Segment [Member]
Loans	66,562	69,254
Municipal Non Real Estate Portfolio Segment [Member]
Loans	5,114	4,215
Consumer Portfolio Segment [Member]
Loans	$ 30,982	$ 34,911

Note 7 - Loan Information - All

Note 7 - Loan Information - Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Beginning balance	$ 3,753	$ 3,028
Charge-offs	(136)	0
Recoveries	2	1
Provision (benefit)	250	131
Ending balance	3,869	3,160
Ending balance: Individually evaluated for impairment			$ 85	$ 1
Ending balance: Collectively evaluated for impairment			3,784	3,752
Total allowance for loan losses ending balance	3,753	3,028	3,869	3,753
Ending balance: Individually evaluated for impairment			1,803	1,787
Ending balance: Collectively evaluated for impairment			403,867	405,935
Total loans ending balance			405,670	407,722
Residential Portfolio Segment [Member]
Beginning balance	1,057	1,065
Charge-offs	(135)	0
Recoveries	0	0
Provision (benefit)	128	2
Ending balance	1,050	1,067
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			1,050	1,057
Total allowance for loan losses ending balance	1,057	1,065	1,050	1,057
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			144,130	143,212
Total loans ending balance			144,130	143,212
Commercial Real Estate Portfolio Segment [Member]
Beginning balance	1,044	706
Charge-offs	0	0
Recoveries	1	0
Provision (benefit)	(15)	94
Ending balance	1,030	800
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			1,030	1,044
Total allowance for loan losses ending balance	1,044	706	1,030	1,044
Ending balance: Individually evaluated for impairment			1,150	1,150
Ending balance: Collectively evaluated for impairment			88,599	87,212
Total loans ending balance			89,749	88,362
Construction and Land Development Real Estate Portfolio Segment [Member]
Beginning balance	212	324
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	75	(38)
Ending balance	287	286
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			287	212
Total allowance for loan losses ending balance	212	324	287	212
Ending balance: Individually evaluated for impairment			222	222
Ending balance: Collectively evaluated for impairment			20,403	18,670
Total loans ending balance			20,625	18,892
Home Equity Portfolio Segment [Member]
Beginning balance	346	331
Charge-offs	0	0
Recoveries	1	0
Provision (benefit)	(3)	(8)
Ending balance	344	323
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			344	346
Total allowance for loan losses ending balance	346	331	344	346
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			48,508	48,876
Total loans ending balance			48,508	48,876
Commercial Portfolio Segment [Member]
Beginning balance	824	398
Charge-offs	0	0
Recoveries	0	1
Provision (benefit)	113	110
Ending balance	937	509
Ending balance: Individually evaluated for impairment			85	1
Ending balance: Collectively evaluated for impairment			852	823
Total allowance for loan losses ending balance	824	398	937	824
Ending balance: Individually evaluated for impairment			431	415
Ending balance: Collectively evaluated for impairment			71,245	73,054
Total loans ending balance			71,676	73,469
Consumer Portfolio Segment [Member]
Beginning balance	249	157
Charge-offs	(1)	0
Recoveries	0	0
Provision (benefit)	(60)	17
Ending balance	188	174
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			188	249
Total allowance for loan losses ending balance	249	157	188	249
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			30,982	34,911
Total loans ending balance			30,982	34,911
Unallocated Financing Receivables [Member]
Beginning balance	21	47
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	12	(46)
Ending balance	33	1
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			33	21
Total allowance for loan losses ending balance	$ 21	$ 47	33	21
Ending balance: Individually evaluated for impairment			0	0
Ending balance: Collectively evaluated for impairment			0	0
Total loans ending balance			$ 0	$ 0

Note 7 - Loan Information - L34

Note 7 - Loan Information - Loans by Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Loans by risk rating	$ 405,670	$ 407,722
Pass [Member]
Loans by risk rating	168,491	167,477
Special Mention [Member]
Loans by risk rating	6,421	6,224
Substandard [Member]
Loans by risk rating	5,590	6,356
Not Formally Rated [Member]
Loans by risk rating	225,168	227,665
Residential Portfolio Segment [Member]
Loans by risk rating	144,130	143,212
Residential Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	0	0
Residential Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Residential Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	1,345	1,947
Residential Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	142,785	141,265
Commercial Real Estate Portfolio Segment [Member]
Loans by risk rating	89,749	88,362
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	81,273	79,800
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	5,847	5,900
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	2,629	2,662
Commercial Real Estate Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	0	0
Construction and Land Development Real Estate Portfolio Segment [Member]
Loans by risk rating	20,625	18,892
Construction and Land Development Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	17,293	15,738
Construction and Land Development Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Construction and Land Development Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	222	222
Construction and Land Development Real Estate Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	3,110	2,932
Home Equity Portfolio Segment [Member]
Loans by risk rating	48,508	48,876
Home Equity Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	0	0
Home Equity Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Home Equity Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	217	319
Home Equity Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	48,291	48,557
Commercial Portfolio Segment [Member]
Loans by risk rating	71,676	73,469
Commercial Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	69,925	71,939
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	574	324
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	1,177	1,206
Commercial Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member]
Loans by risk rating	30,982	34,911
Consumer Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	$ 30,982	$ 34,911

Note 7 - Loan Information - Age

Note 7 - Loan Information - Age Analysis of Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Past Due	$ 3,638	$ 5,250
Total Current	402,032	402,472
Loans and Leases Receivable, Gross	405,670	407,722
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	3,542	4,052
Residential Portfolio Segment [Member]
Past Due	1,413	2,108
Total Current	142,717	141,104
Loans and Leases Receivable, Gross	144,130	143,212
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	1,494	1,947
Commercial Real Estate Portfolio Segment [Member]
Past Due	1,150	1,150
Total Current	79,784	78,479
Loans and Leases Receivable, Gross	80,934	79,629
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	1,150	1,150
Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Total Current	8,815	8,733
Loans and Leases Receivable, Gross	8,815	8,733
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	222	222
Total Current	20,403	18,670
Loans and Leases Receivable, Gross	20,625	18,892
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	222	222
Home Equity Portfolio Segment [Member]
Past Due	234	388
Total Current	48,274	48,488
Loans and Leases Receivable, Gross	48,508	48,876
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	216	248
Commercial Portfolio Segment [Member]
Past Due	432	1,224
Total Current	66,130	68,030
Loans and Leases Receivable, Gross	66,562	69,254
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	432	415
Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Total Current	5,114	4,215
Loans and Leases Receivable, Gross	5,114	4,215
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Consumer Portfolio Segment [Member]
Past Due	187	158
Total Current	30,795	34,753
Loans and Leases Receivable, Gross	30,982	34,911
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	28	70
Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	469	881
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past Due	257	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past Due	87	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past Due	0	767
Financing Receivables, 30 to 59 Days Past Due [Member] | Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past Due	125	114
Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	111	601
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past Due	0	297
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past Due	77	219
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past Due	0	42
Financing Receivables, 60 to 89 Days Past Due [Member] | Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past Due	34	43
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past Due	3,058	3,768
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past Due	1,156	1,811
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past Due	1,150	1,150
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	222	222
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past Due	70	169
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past Due	432	415
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past Due	$ 28	$ 1

Note 7 - Loan Information - Imp

Note 7 - Loan Information - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Recorded investment with no allowance	$ 397	$ 1,506
Unpaid principal balance with no allowance	397	1,506
Average recorded investment with no allowance	397	3,386
Interest income recognized with no allowance	2	280
Recorded investment with an allowance	1,406	281
Unpaid principal balance with allowance	1,406	281
Related allowance	85	1
Average recorded investment with allowance	1,422	321
Interest income recognized with allowance	0	0
Recorded investment	1,803	1,787
Unpaid principal balance	1,803	1,787
Average recorded investment	1,819	3,707
Interest income recognized	2	280
Residential Portfolio Segment [Member]
Recorded investment with no allowance	0
Unpaid principal balance with no allowance	0
Average recorded investment with no allowance	0
Interest income recognized with no allowance	0
Recorded investment with an allowance	0
Unpaid principal balance with allowance	0
Related allowance	0
Average recorded investment with allowance	0
Interest income recognized with allowance	0
Recorded investment	0
Unpaid principal balance	0
Average recorded investment	0
Interest income recognized	0
Commercial Real Estate Portfolio Segment [Member]
Recorded investment with no allowance	0	1,150
Unpaid principal balance with no allowance	0	1,150
Average recorded investment with no allowance	0	3,029
Interest income recognized with no allowance	0	272
Recorded investment with an allowance	1,150	0
Unpaid principal balance with allowance	1,150	0
Related allowance	0	0
Average recorded investment with allowance	1,150	0
Interest income recognized with allowance	0	0
Recorded investment	1,150	1,150
Unpaid principal balance	1,150	1,150
Average recorded investment	1,150	3,029
Interest income recognized	0	272
Construction and Land Development Real Estate Portfolio Segment [Member]
Recorded investment with no allowance	222	222
Unpaid principal balance with no allowance	222	222
Average recorded investment with no allowance	222	222
Interest income recognized with no allowance	2	4
Recorded investment with an allowance	0
Unpaid principal balance with allowance	0
Related allowance	0	0
Average recorded investment with allowance	0
Interest income recognized with allowance	0
Recorded investment	222
Unpaid principal balance	222
Average recorded investment	222
Home Equity Portfolio Segment [Member]
Recorded investment with no allowance	0
Unpaid principal balance with no allowance	0
Average recorded investment with no allowance	0
Interest income recognized with no allowance	0
Recorded investment with an allowance	0
Unpaid principal balance with allowance	0
Related allowance	0
Average recorded investment with allowance	0
Interest income recognized with allowance	0
Recorded investment	0
Unpaid principal balance	0
Average recorded investment	0
Interest income recognized	0
Commercial Portfolio Segment [Member]
Recorded investment with no allowance	175	134
Unpaid principal balance with no allowance	175	134
Average recorded investment with no allowance	175	135
Interest income recognized with no allowance	0	4
Recorded investment with an allowance	256	281
Unpaid principal balance with allowance	256	281
Related allowance	85	1
Average recorded investment with allowance	272	321
Interest income recognized with allowance	0	0
Recorded investment	431	415
Unpaid principal balance	431	415
Average recorded investment	447	456
Interest income recognized	$ 0	4
Commercial Construction and Land Development Real Estate Portfolio Segment [Member]
Related allowance
Recorded investment		222
Unpaid principal balance		222
Average recorded investment		222
Interest income recognized		$ 4

Note 7 - Loan Information - Mor

Note 7 - Loan Information - Mortgage Servicing Rights (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance, beginning of year	$ 206	$ 20
Additions		193
Reductions	(33)
Balance, end of year	$ 173	$ 213

Note 9 - Other Comprehensive 38

Note 9 - Other Comprehensive Income - Activity in Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Net change in unrealized holding gain/loss on securities available-for-sale		$ 182	$ 966
Reclassification adjustment for realized losses (gains) in net income	[1]	1	(47)
Other comprehensive income before tax		183	919
Income tax expense		(63)	(314)
Other comprehensive income, net of tax		$ 120	$ 605
[1]	Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain on sales of available-for-sale securities, net, the tax expense amount is included in income tax provision (benefit), and the after tax amount is included in net income.