Prime Meridian Holding (PMHG) 10-K 21 Mar 19 2018 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 08, 2019	Jun. 30, 2018
Document Information [Line Items]
Entity Registrant Name	Prime Meridian Holding Co
Entity Central Index Key	0001586454
Trading Symbol	pmhg
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		3,143,140
Entity Public Float			$ 50,960,085
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Assets
Cash and due from banks	$ 7,866,000	$ 6,971,000
Federal funds sold	34,777,000	20,148,000
Interest-bearing deposits	5,395,000	5,278,000
Total cash and cash equivalents	48,038,000	32,397,000
Securities available for sale	45,384,000	49,809,000
Loans held for sale	4,767,000	5,880,000
Loans, net of allowance for loan losses of $3,661 and $3,136	290,113,000	250,259,000
Federal Home Loan Bank stock	355,000	316,000
Premises and equipment, net	4,656,000	4,872,000
Deferred tax asset	502,000	339,000
Accrued interest receivable	1,034,000	978,000
Bank-owned life insurance	6,323,000	1,757,000
Other assets	530,000	573,000
Total assets	401,702,000	347,180,000
Liabilities:
Noninterest-bearing demand deposits	80,097,000	76,216,000
Savings, NOW and money-market deposits	227,674,000	200,027,000
Time deposits	41,296,000	22,054,000
Total deposits	349,067,000	298,297,000
Official checks	837,000	1,146,000
Other liabilities	978,000	764,000
Total liabilities	350,882,000	300,207,000
Commitments and contingencies (notes 4, 8, and 15)
Stockholders' equity:
Preferred stock, undesignated; 1,000,000 shares authorized, none issued or outstanding
Common stock, $.01 par value; 9,000,000 shares authorized, 3,138,945 and 3,118,977 issued and outstanding	31,000	31,000
Additional paid-in capital	38,330,000	37,953,000
Retained earnings	13,015,000	9,285,000
Accumulated other comprehensive loss	(556,000)	(296,000)
Total stockholders' equity	50,820,000	46,973,000
Total liabilities and stockholders' equity	$ 401,702,000	$ 347,180,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans receivable, allowance for loan losses	$ 3,661	$ 3,136
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	9,000,000	9,000,000
Common stock, shares issued (in shares)	3,138,945	3,118,977
Common stock, shares outstanding (in shares)	3,138,945	3,118,977

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest income:
Loans	$ 14,469	$ 11,589
Securities	1,131	983
Other	634	379
Total interest income	16,234	12,951
Interest expense:
Deposits	2,307	1,181
Total interest expense	2,307	1,181
Net interest income	13,927	11,770
Provision for loan losses	591	256
Net interest income after provision for loan losses	13,336	11,514
Noninterest income:
Mortgage banking revenue	447	435
Income from bank-owned life insurance	66	46
Loss on sale of securities available for sale		(1)
Other income	460	351
Total noninterest income	1,306	1,153
Noninterest expense:
Salaries and employee benefits	5,106	4,236
Occupancy and equipment	932	947
Professional fees	374	320
Advertising	677	574
FDIC assessment	163	158
Software maintenance, amortization and other	634	535
Other	1,494	1,345
Total noninterest expense	9,380	8,115
Earnings before income taxes	5,262	4,552
Income taxes	1,220	1,735
Net earnings	$ 4,042	$ 2,817
Earnings per common share:
Basic (in dollars per share)	$ 1.29	$ 1.04
Diluted (in dollars per share)	$ 1.29	$ 1.04
Deposit Account [Member]
Noninterest income:
Service charges and fees on deposit accounts	$ 333	$ 322

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net earnings	$ 4,042	$ 2,817
Change in unrealized loss on securities:
Unrealized loss arising during the year	(348)	(27)
Reclassification adjustment for realized loss		1
Net change in unrealized loss	(348)	(26)
Deferred income tax benefit on above change	88	8
One-time reclassification for newly enacted corporate tax rate		(45)
Total other comprehensive loss	(260)	(63)
Comprehensive income	$ 3,782	$ 2,754

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2016	2,004,707
Balance at Dec. 31, 2016	$ 20	$ 20,732	$ 6,563	$ (233)	$ 27,082
Net earnings			2,817		2,817
Net change in unrealized loss on securities available for sale, net of income tax benefit of $8 and one-time reclassification for newly enacted corporate tax rate			45	(63)	(18)
Dividends paid			(140)		(140)
Stock options exercised (in shares)	19,450
Stock options exercised		195			195
Common stock issued as compensation to directors (in shares)	3,912
Common stock issued as compensation to directors		65			65
Stock-based compensation		15			15
Sale of Common Stock Net of Stock Offering Costs of $1,043 (in shares)	1,090,908
Sale of Common Stock Net of Stock Offering Costs of $1,043	$ 11	16,946			16,957
Net change in unrealized loss on securities available for sale, net of income tax benefit of $88					$ (63)
Balance (in shares) at Dec. 31, 2017	3,118,977				3,118,977
Balance at Dec. 31, 2017	$ 31	37,953	9,285	(296)	$ 46,973
Net earnings			4,042		4,042
Dividends paid			(312)		(312)
Stock options exercised (in shares)	17,150
Stock options exercised		172			172
Common stock issued as compensation to directors (in shares)	2,818
Common stock issued as compensation to directors		60			60
Stock-based compensation		145			145
Net change in unrealized loss on securities available for sale, net of income tax benefit of $88				(260)	$ (260)
Balance (in shares) at Dec. 31, 2018	3,138,945				3,138,945
Balance at Dec. 31, 2018	$ 31	$ 38,330	$ 13,015	$ (556)	$ 50,820

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
AOCI Attributable to Parent [Member]
Income tax benefit portion of change in unrealized loss on available for sale	$ (88)	$ 8
Income tax benefit portion of change in unrealized loss on available for sale	$ 88	(8)
Additional Paid-in Capital [Member]
Sale of common stock, offering costs		$ 1,043

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net earnings	$ 4,042	$ 2,817
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	520	519
Provision for loan losses	591	256
Net amortization of deferred loan fees	(36)	(74)
Deferred income taxes	(75)	202
Loss on sale of securities available for sale		1
Amortization of premiums and discounts on securities available for sale	390	425
Gain on sale of loans held for sale	(447)	(435)
Proceeds from the sale of loans held for sale	77,713	65,905
Loans originated as held for sale	(76,153)	(68,059)
Stock issued as compensation	60	65
Stock-based compensation expense	145	15
Income from bank-owned life insurance	(66)	(46)
Net increase in accrued interest receivable	(56)	(180)
Net decrease (increase) in other assets	43	(150)
Net (decrease) increase in other liabilities and official checks	(95)	398
Net cash provided by operating activities	6,576	1,659
Cash flows from investing activities:
Loan originations, net of principal repayments	(40,409)	(27,673)
Purchase of securities available for sale	(2,474)	(23,524)
Principal repayments of securities available for sale	5,612	5,553
Proceeds from the sale of securities available for sale		750
Maturities and calls of securities available for sale	549	63
Purchase of Federal Home Loan Bank stock	(39)	(96)
Purchase of bank-owned life insurance	(4,500)
Purchase of premises and equipment	(304)	(462)
Net cash used in investing activities	(41,565)	(45,389)
Cash flows from financing activities:
Net increase in deposits	50,770	22,950
Proceeds from stock options exercised	172	195
Proceeds from sale of common stock, net		16,957
Dividends paid	(312)	(140)
Net cash provided by financing activities	50,630	39,962
Net increase (decrease) in cash and cash equivalents	15,641	(3,768)
Cash and cash equivalents at beginning of year	32,397	36,165
Cash and cash equivalents at end of year	48,038	32,397
Supplemental disclosure of cash flow information
Interest	2,276	1,179
Income taxes	1,217	1,698
Noncash transactions:
Accumulated other comprehensive loss, net change in unrealized loss on securities available for sale, net of tax benefit	(260)	(18)
One-time reclassification for newly enacted corporate tax rate		$ (45)

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	( 1 Organization. 100% three February 2019, second 2019. The following is a description of the significant accounting policies and practices followed by the Company, which conform to accounting principles generally accepted in the United States of America ("GAAP") and prevailing practices within the banking industry. Use of Estimates. Principles of Consolidation. Cash and Cash Equivalents. ninety At December 31, 2018 2017, $3,901,000 $2,618,000 Securities. may not Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to ( 1 2 3 Loans Held for Sale. December 31, 2018 2017, no 2018 2017. December 31, 2018 $4,767,000 $5,880,000 December 31, 2017. December 31, 2018 2017, Loans. Commitment and loan origination fees are deferred and certain direct origination costs are capitalized. Both are recognized as an adjustment of the yield of the related loan. The accrual of interest on all portfolio classes is discontinued at the time the loan is ninety not Allowance for Loan Losses. no December 31, 2018 2017. 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 The allowance consists of specific and general components. The specific component relates to loans that are considered impaired. For such loans, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers all other loans and is based on the following factors. The historical loss component of the allowance is determined by losses recognized by portfolio segment over the preceding thirty-six 1 2 3 4 5 6 7 8 9 not Premises and Equipment. Transfer of Financial Assets. 1 2 3 not 1 2 no 3 not Off-Balance Sheet Financial Instruments. Income Taxes. two Deferred tax assets are recognized if it is more likely than not, not” 50 not 50 not not December 31, 2018, not not not The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns. Income taxes are allocated to the Holding Company and Bank as if separate income tax returns were filed. Fair Value Measurements. three may Level 1: Level 2: not may third Level 3: The following describes valuation methodologies used for assets measured at fair value: Securities Available for Sale. 1 1 not 2 3 Impaired Loans. 3. Fair Values of Financial Instruments. Cash and Cash Equivalents. 1 Securities. 2 Loans Held for Sale. 3 Loans. one four 3 Federal Home Loan Bank Stock. 3 Accrued Interest Receivable. 3 Deposits. 3 Off-Balance Sheet Instruments. 3 Advertising. Stock - Based Compensation. Comprehensive Income. Mortgage Banking Revenue. Recent Accounting Standards Update . In January 2016, No. 2016 01, Financial Instruments-Overall (Subtopic 825 10 Recognition and Measurement of Financial Assets and Financial Liabilities, December 15, 2017, not In February 2016, No. 2016 2, Leases (Topic 842 twelve December 15, 2018. $288,000 In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 December 15, 2019. January 2017, No. 2017 01, 805 not December 15, 2017. not In March 2017, No. 2017 08, No December 15, 2018. no In June 2018, No. 2018 07, Stock Compensation (Topic 718 718 505 50, Equity -Equity-Based payments to Non-Employees. December 15, 2019,

Note 2 - Securities Available f

Note 2 - Securities Available for Sale	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	( 2 Securities have been classified according to management's intention. The carrying amount of securities and their fair values are summarized as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (in thousands) At December 31, 2018 U.S. Government agency securities $ 815 $ - $ (16 ) $ 799 Municipal securities 11,580 62 (113 ) 11,529 Mortgage-backed securities 33,733 33 (710 ) 33,056 Total $ 46,128 $ 95 $ (839 ) $ 45,384 At December 31, 2017 U.S. Government agency securities $ 1,251 $ 6 $ (8 ) $ 1,249 Municipal securities 12,340 128 (95 ) 12,373 Mortgage-backed securities 36,614 23 (450 ) 36,187 Total $ 50,205 $ 157 $ (553 ) $ 49,809 Securities available for sale measured at fair value on a recurring basis are summarized below: Fair Value Measurements Using Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) (in thousands) At December 31, 2018 U.S. Government agency securities $ 799 $ - $ 799 $ - Municipal securities 11,529 - 11,529 - Mortgage-backed securities 33,056 - 33,056 - Total $ 45,384 $ - $ 45,384 $ - At December 31, 2017 U.S. Government agency securities $ 1,249 $ - $ 1,249 $ - Municipal securities 12,373 - 12,373 - Mortgage-backed securities 36,187 - 36,187 - Total $ 49,809 $ - $ 49,809 $ - During the years ended December 31, 2018 2017, no 1, 2 3. The scheduled maturities of securities are as follows: Amortized Fair Cost Value (in thousands) At December 31, 2018 Due in one to five years $ 4,233 $ 4,231 Due in five to ten years 5,465 5,496 Due after ten years 2,697 2,601 Mortgage-backed securities 33,733 33,056 Total $ 46,128 $ 45,384 The following summarizes sales of securities available for sale: Year Ended December 31, (in thousands) 2018 2017 Proceeds from sale of securities $ - $ 750 Gross gains - - Gross losses - (1 ) Net loss on sale of securities $ - $ (1 ) At December 31, 2018 2017, $8,310,825 $9,090,302, Securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, are as follows: Less Than Twelve Months More Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (in thousands) At December 31, 2018 Securities Available for Sale U.S. Government agency securities $ (2 ) $ 242 $ (14 ) $ 557 Municipal securities - - (113 ) 5,760 Mortgage-backed securities (19 ) 983 (691 ) 30,061 Total $ (21 ) $ 1,225 $ (818 ) $ 36,378 At December 31, 2017 Securities Available for Sale U.S. Government agency securities $ (8 ) $ 694 $ - $ - Municipal securities (36 ) 1,831 (59 ) 1,203 Mortgage-backed securities (308 ) 29,742 (142 ) 5,667 Total $ (352 ) $ 32,267 $ (201 ) $ 6,870 The unrealized losses on thirty-nine thirty-four December 31, 2018 2017, not not not

Note 3 - Loans

Note 3 - Loans	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	( 3 The segments and classes of loans are as follows: At December 31, (in thousands) 2018 2017 Real estate mortgage loans: Commercial $ 82,494 $ 79,565 Residential and home equity 121,454 94,824 Construction 31,601 26,813 Total real estate mortgage loans 235,549 201,202 Commercial loans 51,018 44,027 Consumer and other loans 6,747 7,742 Total loans 293,314 252,971 Add (Less): Net deferred loan costs 460 424 Allowance for loan losses (3,661 ) (3,136 ) Loans, net $ 290,113 $ 250,259 The Company has divided the loan portfolio into three five Real Estate Mortgage Loans. three Commercial. three five may five may five Residential and Home Equity. first second one four may 1 3 5 7 15 30 Construction. one two one ten not third may Commercial Loans. not third five may not one 504 7A 504 7A may may Consumer and Other Loans. may not not An analysis of the change in the allowance for loan losses follows: Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total Year Ended December 31, 2018 Beginning balance $ 894 $ 1,097 $ 331 $ 724 $ 90 $ 3,136 Provision (credit) for loan losses 23 300 63 204 1 591 Net (charge-offs) recoveries - - (3 ) (52 ) (11 ) (66 ) Ending balance $ 917 $ 1,397 $ 391 $ 876 $ 80 $ 3,661 At December 31, 2018 Individually evaluated for impairment: Recorded investment $ 611 $ 409 $ - $ 205 $ 6 $ 1,231 Balance in allowance for loan losses $ - $ - $ - $ 205 $ 6 $ 211 Collectively evaluated for impairment: Recorded investment $ 81,883 $ 121,045 $ 31,601 $ 50,813 $ 6,741 $ 292,083 Balance in allowance for loan losses $ 917 $ 1,397 $ 391 $ 671 $ 74 $ 3,450 Year Ended December 31, 2017 Beginning balance $ 775 $ 1,074 $ 258 $ 714 $ 55 $ 2,876 Provision (credit) for loan losses 119 23 73 (6 ) 47 256 Net (charge-offs) recoveries - - - 16 (12 ) 4 Ending balance $ 894 $ 1,097 $ 331 $ 724 $ 90 $ 3,136 At December 31, 2017 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ 134 $ - $ 134 Balance in allowance for loan losses $ - $ - $ - $ 134 $ - $ 134 Collectively evaluated for impairment: Recorded investment $ 79,565 $ 94,824 $ 26,813 $ 43,893 $ 7,742 $ 252,837 Balance in allowance for loan losses $ 894 $ 1,097 $ 331 $ 590 $ 90 $ 3,002 The following summarizes the loan credit quality: Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total At December 31, 2018 Grade: Pass $ 77,650 $ 118,368 $ 31,601 $ 47,858 $ 6,657 $ 282,134 Special mention 4,233 2,875 - 2,184 84 9,376 Substandard 611 211 - 976 6 1,804 Doubtful - - - - - - Loss - - - - - - Total $ 82,494 $ 121,454 $ 31,601 $ 51,018 $ 6,747 $ 293,314 At December 31, 2017 Grade: Pass $ 74,560 $ 92,282 $ 26,356 $ 42,874 $ 7,715 $ 243,787 Special mention 4,382 2,122 298 591 27 7,420 Substandard 623 420 159 562 - 1,764 Doubtful - - - - - - Loss - - - - - - Total $ 79,565 $ 94,824 $ 26,813 $ 44,027 $ 7,742 $ 252,971 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. Loans classified as substandard or special mention are reviewed quarterly by the Company for further deterioration or improvement to determine if they are appropriately classified and whether there is any impairment. All loans are graded upon initial issuance. Further, construction and nonowner-occupied commercial real estate loans and commercial relationships in excess of $500,000 Loans excluded from the review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the client contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or even charged-off. The Company uses the following definitions for risk ratings: Pass Special Mention may not not Substandard not Doubtful one Loss not not no At December 31, 2018, five thirty no ninety six December 31, 2018 2017 Accruing Loans Greater Than 30-59 Days 60-89 Days 90 Days Total Past Nonaccrual Total (in thousands) Past Due Past Due Past Due Due Current Loans Loans At December 31, 2018: Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 82,494 $ - $ 82,494 Residential and home equity 134 30 - 164 121,129 161 121,454 Construction - - - - 31,601 - 31,601 Commercial loans 98 - - 98 50,745 175 51,018 Consumer and other loans - - - - 6,741 6 6,747 Total $ 232 $ 30 $ - $ 262 $ 292,710 $ 342 $ 293,314 At December 31, 2017: Real estate mortgage loans: Commercial $ - $ 623 $ - $ 623 $ 78,942 $ - $ 79,565 Residential and home equity - 255 - 255 94,569 - 94,824 Construction - - - - 26,813 - 26,813 Commercial loans - - - - 43,893 134 44,027 Consumer and other loans - - - - 7,742 - 7,742 Total $ - $ 878 $ - $ 878 $ 251,959 $ 134 $ 252,971 The following summarizes the amount of impaired loans: With No Related Allowance Recorded With an Allowance Recorded Total Unpaid Unpaid Unpaid Contractual Contractual Contractual Recorded Principal Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Investment Balance Allowance Investment Balance Allowance At December 31, 2018: Commercial real estate $ 611 $ 611 $ - $ - $ - $ 611 $ 611 $ - Residential and home equity 409 409 - - - 409 409 - Commercial loans - - 205 205 205 205 205 205 Consumer and other loans - - 6 6 6 6 6 6 Total $ 1,020 $ 1,020 $ 211 $ 211 $ 211 $ 1,231 $ 1,231 $ 211 At December 31, 2017: Commercial loans $ - $ - $ 134 $ 134 $ 134 $ 134 $ 134 $ 134 Total $ - $ - $ 134 $ 134 $ 134 $ 134 $ 134 $ 134 The average net investment in impaired loans and interest income recognized and received on impaired loans by loan class is as follows: Average Interest Interest Recorded Income Income (in thousands) Investment Recognized Received Year Ended December 31, 2018 Commercial real estate $ 471 $ 16 $ 16 Residential and home equity 234 7 6 Commercial 172 2 7 Consumer and other loans 2 - - Total $ 879 $ 25 $ 29 (in thousands) Year Ended December 31, 2017 Residential and home equity $ 277 $ 28 $ 28 Construction 42 1 4 Commercial 64 - - Total $ 383 $ 29 $ 32 There were no December 31, 2018 2017. The restructuring of a loan constitutes a troubled debt restructuring (“TDR”) if the creditor grants a concession to the debtor that it would not may not As shown in the table below, the Company entered into one December 31, 2018 2017. Year Ended December 31, 2018 Year Ended December 31, 2017 Pre- Post- Current Pre- Post- Current Modification Modification Modification Modification Modification Modification Number Outstanding Outstanding Outstanding Number Outstanding Outstanding Outstanding of Recorded Recorded Recorded of Recorded Recorded Recorded Contracts Investment Investment Investment Contracts Investment Investment Investment (in thousands) Troubled Debt Restructurings - Residential and home equity: Modified principal 1 $ 619 $ 611 $ 611 1 $ 153 $ 169 $ 164 Total 1 $ 619 $ 611 $ 611 1 $ 153 $ 169 $ 164 The TDRs entered into during the year ended December 31, 2018 2017 not December 31, 2018, $641,000 The Company grants the majority of its loans to borrowers throughout Leon County, Florida. Although the Company has a diversified loan portfolio, a significant portion of its borrowers’ ability to honor their contracts is dependent upon the economy of this area. The Company does not one

Note 4 - Premises and Equipment

Note 4 - Premises and Equipment	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	( 4 A summary of premises and equipment follows: At December 31, 2018 2017 (in thousands) Land $ 690 $ 690 Buildings 3,736 3,736 Leasehold improvements 421 416 Furniture, fixtures and equipment 1,168 1,160 Computer and software 2,372 2,140 Construction in progress 40 - Total, at cost 8,427 8,142 Less accumulated depreciation and amortization (3,771 ) (3,270 ) Premises and equipment, net $ 4,656 $ 4,872 Effective August 6, 2018, 15 four five third September 28, 2018. six March 28, 2019. $1.2 December 31, 2018, not $500,000. The new rent obligations will commence 120 (in thousands) Years Annual Rent Amount 1-5 $ 294 6-10 323 11-15 356 Total $ 4,865 Prior to the Rent Commencement Date, the Company will pay rent in accordance with its prior lease as shown in the table below: (in thousands) Year Ending December 31, Amount 2019 $ 85 2020 85 2021 85 2022 49 Total $ 304 (continued) Rent expense under operating leases was $172,000 $155,000 December 31, 2018 2017, On February 15, 2019, 3340 second 2019. $2.1 not $400,000.

Note 5 - Deposits

Note 5 - Deposits	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	( 5 The aggregate amount of time deposits with a minimum denomination of $250,000 $20.7 $10.7 December 31, 2018 2017, A schedule of maturities for all time deposits at December 31, 2018 (in thousands) Year Ending December 31, Amount 2019 $ 27,140 2020 8,066 2021 1,534 2022 2,531 2023 2,025 Total $ 41,296

Note 6 - Other Borrowings

Note 6 - Other Borrowings	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Other Borrowings [Text Block]	( 6 The Company has pledged collateral to the Federal Home Loan Bank of Atlanta (“FHLB”) for future advances which will be collateralized by a blanket lien on qualifying residential real estate, commercial real estate, home equity lines of credit and multi-family loans. The Company may $35.8 December 31, 2018 no December 31, 2018 2017. $18.8

Note 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	( 7 The components of the income taxes are as follows: Year Ended December 31, (in thousands) 2018 2017 Current: Federal $ 1,003 $ 1,309 State 292 224 Total current 1295 1,533 Deferred: Federal (65 ) 193 State (10 ) 9 Total deferred (75 ) 202 Total income taxes $ 1,220 $ 1,735 The reasons for the difference between the statutory Federal income tax rate and the effective tax rates are summarized as follows: Year Ended December 31, 2018 2017 % of % of Pretax Pretax Amount Earnings Amount Earnings (dollars in thousands) Income taxes at statutory rate $ 1,105 21.0 % $ 1,548 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 223 4.2 154 3.4 Tax-exempt income (62 ) (1.2 ) (97 ) (2.1 ) Stock-based compensation (29 ) (0.6 ) (60 ) (1.3 ) Change in federal rate - - 155 3.4 Other nondeductible expenses (17 ) (0.2 ) 35 0.7 Total $ 1,220 23.2 % $ 1,735 38.1 % Tax effects of temporary differences that give rise to the deferred tax assets and liabilities are as follows: At December 31, 2018 2017 (in thousands) Deferred tax assets: Allowance for loan losses $ 894 $ 744 Organizational and start-up costs 40 49 Stock-based compensation 27 12 Unrealized losses on securities available for sale 188 100 Other 12 23 Deferred tax assets 1,161 928 Deferred tax liabilities: Prepaid Expenses (59 ) (70 ) Deferred loan costs (380 ) (317 ) Premises and equipment (220 ) (202 ) Deferred tax liabilities (659 ) (589 ) Net deferred tax asset $ 502 $ 339 The Company files consolidated income tax returns in the U.S. federal jurisdiction and the State of Florida. The Company is no 2015. On December 22, 2017, 35% 21%. $155,000

Note 8 - Off-balance Sheet Fina

Note 8 - Off-balance Sheet Financial Instruments	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Off-balance Sheet Financial Instruments [Text Block]	( 8 The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its clients. These financial instruments are commitments to extend credit, construction loans in process, unused lines of credit, standby letters of credit, and guaranteed accounts and may The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for available lines of credit, construction loans in process and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. Commitments to extend credit, construction loans in process and unused lines of credit are agreements to lend to a client as long as there is no may not third third one not third $606,000 December 31, 2018. Guaranteed accounts are irrevocable standby letters of credit issued by us to guarantee a client’s credit line with our third 10%. Standby letters of credit and commitments to extend credit typically result in loans with a market interest rate when funded. A summary of the contractual amounts of the Company’s financial instruments with off-balance sheet risk at December 31, 2018 At December 31, 2018 (in thousands) Commitments to extend credit $ 6,365 Construction loans in process 15,023 Unused lines of credit 43,719 Standby financial letters of credit 1,934 Standby performance letters of credit 378 Guaranteed accounts 1,330 Total off-balance sheet instruments $ 68,749

Note 9 - Stock Compensation Pla

Note 9 - Stock Compensation Plans	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	( 9 Stock Compensation Plan s The 2015 “2015 May 20, 2015, 2015 may 500,000, no 15% December 31, 2018, 263,457 2015 207,385 During the first 2018, 15,667 100% During the second 2018, 120,000 5 April 1, 2024 April 1, 2028. During the second 2018, 25,000 92,250 5 April 1, 2024 April 1, 2028. second 2018 10 A summary of the activity in the Company’s 2015 Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term (years) Value Outstanding at December 31, 2016 - $ - Options granted 11,540 17.03 Outstanding at December 31, 2017 11,540 $ 17.03 Options granted 252,917 19.91 Forfeited (1,000 ) 20.09 Outstanding at December 31, 2018 263,457 $ 19.78 8.4 $ 323,000 Exercisable at December 31, 2018 37,207 $ 17.93 2.8 $ 115,000 The fair value of shares vested and recognized as compensation expense was $145,000 December 31, 2018 $15,000 December 31, 2017. $20,000 2018. December 31, 2018, $646,000 2015 4.2 The fair value of each option granted during the year ended December 31, 2018 Weighted average risk-free interest rate 1.47 - 2.63% Expected dividend yield 0.41 - 0.50% Expected stock volatility 10.07 - 11.90% Expected life in years 1.0 - 6.5 Per share fair value of options issued during year $1.08 - $3.35 The Company used the guidance in Staff Accounting Bulletin No. 107 As of May 20, 2015, no 2007 “2007 2007 2007 Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term (years) Value Outstanding at December 31, 2016 42,200 $ 10.16 Options exercised (19,450 ) 10.00 Options forfeited (550 ) 10.00 Outstanding at December 31, 2017 22,200 $ 10.31 Options exercised (17,150 ) 10.02 Options forfeited (350 ) 10.00 Outstanding at December 31, 2018 4,700 $ 11.37 2.4 $ 45,000 Exercisable at December 31, 2018 4,700 $ 11.37 2.4 $ 45,000 At December 31, 2018, no 2007 The Directors’ Plan permits the Company’s and the Bank’s directors to elect to receive any compensation to be paid to them in shares of the Company’s common stock. Pursuant to the Directors’ Plan, each director is permitted to make an election to receive shares of stock instead of cash. To encourage directors to elect to receive stock, the Directors’ Plan provides that if a director elects to receive stock, he or she will receive in common stock 110% no 74,805 2018 2017, 2,818 3,912 December 31, 2018, 55,284 $60,000 $65,000 December 31, 2018 2017,

Note 10 - Employee Benefit Plan

Note 10 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	( 10 Employee Benefit Plans The Company sponsors a 401 December 31, 2018 2017 $160,000 $142,000, In November 2018, four sixty $18,000 December 31, 2018

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	( 11 Related Party Transactions The Company enters into transactions during the ordinary course of business with officers and directors of the Company and entities in which they hold a significant financial interest. The following table summarizes these transactions: Year Ended December 31, (in thousands) 2018 2017 Loans: Beginning balance $ 5,870 $ 5,942 Originated during the year 2,048 634 Remove retired Director (400 ) - Principal repayments (230 ) (706 ) Ending balance $ 7,288 $ 5,870 Deposits at year-end $ 9,989 $ 10,008 In addition, the Company purchases various insurance policies through a company that employs the spouse of one $739,000 2018 $740,000 2017

Note 12 - Fair Value of Financi

Note 12 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	( 12 Fair Value of Financial Instruments The approximate carrying amounts and estimated fair values of the Company’s financial instruments are as follows: At December 31, 2018 At December 31, 2017 Carrying Fair Carrying Fair (in thousands) Level Amount Value Amount Value Financial assets: Cash and cash equivalents 1 $ 48,038 $ 48,038 $ 32,397 $ 32,397 Securities available for sale 2 45,384 45,384 49,809 49,809 Loans held for sale 3 4,767 4,842 5,880 6,039 Loans, net 3 290,113 283,068 250,259 249,628 Federal Home Loan Bank stock 3 355 355 316 316 Accrued interest receivable 3 1,034 1,034 978 978 Financial liabilities- Deposits 3 349,067 349,416 298,297 298,403 Off-Balance Sheet financial instruments 3 - - - -

Note 13 - Dividend Restrictions

Note 13 - Dividend Restrictions	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Dividend Payment Restrictions [Text Block]	( 13 Dividend Restrictions The Holding Company is limited in the amount of cash dividends it may may may two In January 2019, $0.12 March 5, 2019 February 14, 2019

Note 14 - Regulatory Capital

Note 14 - Regulatory Capital	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	( 14 Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Bank is subject to the Basel III capital level threshold requirements under the Prompt Corrective Action regulations which phased in full compliance over a multi-year schedule. These regulations were designed to ensure that banks maintain strong capital positions even in the event of severe economic downturns or unforeseen losses. The Bank is subject to the capital conservation buffer rules which place limitations on distributions, including dividend payments, and certain discretionary bonus payments to executive officers. In order to avoid these limitations, a bank must hold a capital conservation buffer above its minimum risk-based capital requirements. As of December 31, 2018, 2017, 1.875% 1.25%, 2.50% January 1, 2019. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and percentage (set forth in the table below) of total and Tier 1 1 December 31, 2018, As of December 31, 2018, 1 1 no Actual For Capital Adequacy Purposes For Well Capitalized Purposes (dollars in thousands) Amount Percentage Amount Percentage Amount Percentage As of December 31, 2018 Tier 1 Leverage ratio to Average Assets $ 37,805 9.28 % $ 16,288 4.00 % $ 20,360 5.00 % Common Equity Tier 1 Capital to Risk-Weighted Assets 37,805 12.90 13,190 4.50 19,052 6.50 Tier 1 Capital to Risk-Weighted Assets 37,805 12.90 17,587 6.00 23,449 8.00 Total Capital to Risk-Weighted Assets 41,466 14.15 23,449 8.00 29,311 10.00 As of December 31, 2017: Tier 1 Leverage ratio to Average Assets $ 33,146 9.48 % $ 13,983 4.00 % $ 17,479 5.00 % Common Equity Tier 1 Capital to Risk-Weighted Assets 33,146 12.80 11,654 4.50 16,834 6.50 Tier 1 Capital to Risk-Weighted Assets 33,146 12.80 15,539 6.00 20,718 8.00 Total Capital to Risk-Weighted Assets 36,282 14.01 20,718 8.00 25,898 10.00

Note 15 - Legal Contingencies

Note 15 - Legal Contingencies	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	( 15 Legal Contingencies Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will not December 31, 2018, no

Note 16 - Earnings Per Share

Note 16 - Earnings Per Share	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Earnings Per Share [Text Block]	( 16 Earnings Per Share Earnings per share ("EPS") has been computed on the basis of the weighted-average number of shares of common stock outstanding. Outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which was computed using the treasury stock method: 2018 2017 Weighted- Per Weighted- Per Average Share Average Share (dollars in thousands, except per share amounts) Earnings Shares Amount Earnings Shares Amount Year Ended December 31, Basic EPS: Net earnings $ 4,042 3,125,689 $ 1.29 $ 2,817 2,704,382 $ 1.04 Effect of dilutive securities-incremental shares from assumed conversion of options 5,857 7,317 Diluted EPS: Net earnings $ 4,042 3,131,546 $ 1.29 $ 2,817 2,711,699 $ 1.04

Note 17 - Parent Company Only F

Note 17 - Parent Company Only Financial Information	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	( 1 7 ) Parent Company Only Financial Information The Holding Company's unconsolidated financial information follows: At December 31, (in thousands) 2018 2017 Assets Cash $ 13,551 $ 14,103 Investment in subsidiary 37,249 32,850 Other assets 20 20 Total assets $ 50,820 $ 46,973 Stockholders' Equity Stockholders' equity $ 50,820 $ 46,973 Total liabilities and stockholders' equity $ 50,820 $ 46,973 Condensed Statements of Earnings Year Ended December 31, 2018 2017 (in thousands) Revenues $ - $ - Expenses (632 ) (440 ) Income tax benefit 160 165 Loss before earnings of subsidiary (472 ) (275 ) Net earnings of subsidiary 4,514 3,092 Net earnings $ 4,042 $ 2,817 Condensed Statements of Cash Flows Year Ended December 31, (in thousands) 2018 2017 Cash flows from operating activities: Net Earnings $ 4,042 $ 2,817 Adjustments to reconcile net earnings to net cash used in operating activities: Equity in earnings of subsidiary (4,514 ) (3,092 ) Stock issued as compensation 60 65 Net cash used in operating activities (412 ) (210 ) Cash flows from financing activities: Proceeds from sale of common stock - 16,957 Proceeds from stock options exercised 172 195 Net cash provided by financing activities 172 17,152 Cash flows from investment activities: Cash dividend paid (312 ) (140 ) Cash infusion to subsidiary - (4,000 ) Net cash used by investing activities (312 ) (4,140 ) Net (decrease) increase in cash (552 ) 12,802 Cash at beginning of the year 14,103 1,301 Cash at end of year $ 13,551 $ 14,103 Supplemental disclosure of cash flow information- Noncash items: Net change in accumulated other comprehensive loss of subsidiary, net of change in unrealized loss on securities available for sale, net of tax $ (260 ) $ (18 ) Stock-based compensation expense of subsidiary $ 145 $ 15

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Organization. 100% three February 2019, second 2019. The following is a description of the significant accounting policies and practices followed by the Company, which conform to accounting principles generally accepted in the United States of America ("GAAP") and prevailing practices within the banking industry.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents. ninety At December 31, 2018 2017, $3,901,000 $2,618,000
Securities [Policy Text Block]	Securities. may not Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to ( 1 2 3
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block]	Loans Held for Sale. December 31, 2018 2017, no 2018 2017. December 31, 2018 $4,767,000 $5,880,000 December 31, 2017. December 31, 2018 2017,
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block]	Loans. Commitment and loan origination fees are deferred and certain direct origination costs are capitalized. Both are recognized as an adjustment of the yield of the related loan. The accrual of interest on all portfolio classes is discontinued at the time the loan is ninety not
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses. no December 31, 2018 2017. 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 The allowance consists of specific and general components. The specific component relates to loans that are considered impaired. For such loans, an allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of that loan. The general component covers all other loans and is based on the following factors. The historical loss component of the allowance is determined by losses recognized by portfolio segment over the preceding thirty-six 1 2 3 4 5 6 7 8 9 not
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment.
Transfers and Servicing of Financial Assets, Policy [Policy Text Block]	Transfer of Financial Assets. 1 2 3 not 1 2 no 3 not
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	Off-Balance Sheet Financial Instruments.
Income Tax, Policy [Policy Text Block]	Income Taxes. two Deferred tax assets are recognized if it is more likely than not, not” 50 not 50 not not December 31, 2018, not not not The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns. Income taxes are allocated to the Holding Company and Bank as if separate income tax returns were filed.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements. three may Level 1: Level 2: not may third Level 3: The following describes valuation methodologies used for assets measured at fair value: Securities Available for Sale. 1 1 not 2 3 Impaired Loans. 3.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Values of Financial Instruments. Cash and Cash Equivalents. 1 Securities. 2 Loans Held for Sale. 3 Loans. one four 3 Federal Home Loan Bank Stock. 3 Accrued Interest Receivable. 3 Deposits. 3 Off-Balance Sheet Instruments. 3
Advertising Costs, Policy [Policy Text Block]	Advertising.
Share-based Compensation, Option and Incentive Plans, Director Policy [Policy Text Block]	Stock - Based Compensation.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income.
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block]	Mortgage Banking Revenue.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Standards Update . In January 2016, No. 2016 01, Financial Instruments-Overall (Subtopic 825 10 Recognition and Measurement of Financial Assets and Financial Liabilities, December 15, 2017, not In February 2016, No. 2016 2, Leases (Topic 842 twelve December 15, 2018. $288,000 In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 December 15, 2019. January 2017, No. 2017 01, 805 not December 15, 2017. not In March 2017, No. 2017 08, No December 15, 2018. no In June 2018, No. 2018 07, Stock Compensation (Topic 718 718 505 50, Equity -Equity-Based payments to Non-Employees. December 15, 2019,

Note 2 - Securities Available_2

Note 2 - Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (in thousands) At December 31, 2018 U.S. Government agency securities $ 815 $ - $ (16 ) $ 799 Municipal securities 11,580 62 (113 ) 11,529 Mortgage-backed securities 33,733 33 (710 ) 33,056 Total $ 46,128 $ 95 $ (839 ) $ 45,384 At December 31, 2017 U.S. Government agency securities $ 1,251 $ 6 $ (8 ) $ 1,249 Municipal securities 12,340 128 (95 ) 12,373 Mortgage-backed securities 36,614 23 (450 ) 36,187 Total $ 50,205 $ 157 $ (553 ) $ 49,809
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) (in thousands) At December 31, 2018 U.S. Government agency securities $ 799 $ - $ 799 $ - Municipal securities 11,529 - 11,529 - Mortgage-backed securities 33,056 - 33,056 - Total $ 45,384 $ - $ 45,384 $ - At December 31, 2017 U.S. Government agency securities $ 1,249 $ - $ 1,249 $ - Municipal securities 12,373 - 12,373 - Mortgage-backed securities 36,187 - 36,187 - Total $ 49,809 $ - $ 49,809 $ -
Available-for-sale Securities [Table Text Block]	Amortized Fair Cost Value (in thousands) At December 31, 2018 Due in one to five years $ 4,233 $ 4,231 Due in five to ten years 5,465 5,496 Due after ten years 2,697 2,601 Mortgage-backed securities 33,733 33,056 Total $ 46,128 $ 45,384
Schedule of Realized Gain (Loss) [Table Text Block]	Year Ended December 31, (in thousands) 2018 2017 Proceeds from sale of securities $ - $ 750 Gross gains - - Gross losses - (1 ) Net loss on sale of securities $ - $ (1 )
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less Than Twelve Months More Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (in thousands) At December 31, 2018 Securities Available for Sale U.S. Government agency securities $ (2 ) $ 242 $ (14 ) $ 557 Municipal securities - - (113 ) 5,760 Mortgage-backed securities (19 ) 983 (691 ) 30,061 Total $ (21 ) $ 1,225 $ (818 ) $ 36,378 At December 31, 2017 Securities Available for Sale U.S. Government agency securities $ (8 ) $ 694 $ - $ - Municipal securities (36 ) 1,831 (59 ) 1,203 Mortgage-backed securities (308 ) 29,742 (142 ) 5,667 Total $ (352 ) $ 32,267 $ (201 ) $ 6,870

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Portfolio of Loans [Table Text Block]	At December 31, (in thousands) 2018 2017 Real estate mortgage loans: Commercial $ 82,494 $ 79,565 Residential and home equity 121,454 94,824 Construction 31,601 26,813 Total real estate mortgage loans 235,549 201,202 Commercial loans 51,018 44,027 Consumer and other loans 6,747 7,742 Total loans 293,314 252,971 Add (Less): Net deferred loan costs 460 424 Allowance for loan losses (3,661 ) (3,136 ) Loans, net $ 290,113 $ 250,259
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total Year Ended December 31, 2018 Beginning balance $ 894 $ 1,097 $ 331 $ 724 $ 90 $ 3,136 Provision (credit) for loan losses 23 300 63 204 1 591 Net (charge-offs) recoveries - - (3 ) (52 ) (11 ) (66 ) Ending balance $ 917 $ 1,397 $ 391 $ 876 $ 80 $ 3,661 At December 31, 2018 Individually evaluated for impairment: Recorded investment $ 611 $ 409 $ - $ 205 $ 6 $ 1,231 Balance in allowance for loan losses $ - $ - $ - $ 205 $ 6 $ 211 Collectively evaluated for impairment: Recorded investment $ 81,883 $ 121,045 $ 31,601 $ 50,813 $ 6,741 $ 292,083 Balance in allowance for loan losses $ 917 $ 1,397 $ 391 $ 671 $ 74 $ 3,450 Year Ended December 31, 2017 Beginning balance $ 775 $ 1,074 $ 258 $ 714 $ 55 $ 2,876 Provision (credit) for loan losses 119 23 73 (6 ) 47 256 Net (charge-offs) recoveries - - - 16 (12 ) 4 Ending balance $ 894 $ 1,097 $ 331 $ 724 $ 90 $ 3,136 At December 31, 2017 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ 134 $ - $ 134 Balance in allowance for loan losses $ - $ - $ - $ 134 $ - $ 134 Collectively evaluated for impairment: Recorded investment $ 79,565 $ 94,824 $ 26,813 $ 43,893 $ 7,742 $ 252,837 Balance in allowance for loan losses $ 894 $ 1,097 $ 331 $ 590 $ 90 $ 3,002
Financing Receivable Credit Quality Indicators [Table Text Block]	Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total At December 31, 2018 Grade: Pass $ 77,650 $ 118,368 $ 31,601 $ 47,858 $ 6,657 $ 282,134 Special mention 4,233 2,875 - 2,184 84 9,376 Substandard 611 211 - 976 6 1,804 Doubtful - - - - - - Loss - - - - - - Total $ 82,494 $ 121,454 $ 31,601 $ 51,018 $ 6,747 $ 293,314 At December 31, 2017 Grade: Pass $ 74,560 $ 92,282 $ 26,356 $ 42,874 $ 7,715 $ 243,787 Special mention 4,382 2,122 298 591 27 7,420 Substandard 623 420 159 562 - 1,764 Doubtful - - - - - - Loss - - - - - - Total $ 79,565 $ 94,824 $ 26,813 $ 44,027 $ 7,742 $ 252,971
Past Due Financing Receivables [Table Text Block]	Accruing Loans Greater Than 30-59 Days 60-89 Days 90 Days Total Past Nonaccrual Total (in thousands) Past Due Past Due Past Due Due Current Loans Loans At December 31, 2018: Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 82,494 $ - $ 82,494 Residential and home equity 134 30 - 164 121,129 161 121,454 Construction - - - - 31,601 - 31,601 Commercial loans 98 - - 98 50,745 175 51,018 Consumer and other loans - - - - 6,741 6 6,747 Total $ 232 $ 30 $ - $ 262 $ 292,710 $ 342 $ 293,314 At December 31, 2017: Real estate mortgage loans: Commercial $ - $ 623 $ - $ 623 $ 78,942 $ - $ 79,565 Residential and home equity - 255 - 255 94,569 - 94,824 Construction - - - - 26,813 - 26,813 Commercial loans - - - - 43,893 134 44,027 Consumer and other loans - - - - 7,742 - 7,742 Total $ - $ 878 $ - $ 878 $ 251,959 $ 134 $ 252,971
Impaired Financing Receivables [Table Text Block]	With No Related Allowance Recorded With an Allowance Recorded Total Unpaid Unpaid Unpaid Contractual Contractual Contractual Recorded Principal Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Investment Balance Allowance Investment Balance Allowance At December 31, 2018: Commercial real estate $ 611 $ 611 $ - $ - $ - $ 611 $ 611 $ - Residential and home equity 409 409 - - - 409 409 - Commercial loans - - 205 205 205 205 205 205 Consumer and other loans - - 6 6 6 6 6 6 Total $ 1,020 $ 1,020 $ 211 $ 211 $ 211 $ 1,231 $ 1,231 $ 211 At December 31, 2017: Commercial loans $ - $ - $ 134 $ 134 $ 134 $ 134 $ 134 $ 134 Total $ - $ - $ 134 $ 134 $ 134 $ 134 $ 134 $ 134
Impaired Financing Receivables, Average Recorded Investment, and Interest Income Recognized [Table Text Block]	Average Interest Interest Recorded Income Income (in thousands) Investment Recognized Received Year Ended December 31, 2018 Commercial real estate $ 471 $ 16 $ 16 Residential and home equity 234 7 6 Commercial 172 2 7 Consumer and other loans 2 - - Total $ 879 $ 25 $ 29 (in thousands) Year Ended December 31, 2017 Residential and home equity $ 277 $ 28 $ 28 Construction 42 1 4 Commercial 64 - - Total $ 383 $ 29 $ 32
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Year Ended December 31, 2018 Year Ended December 31, 2017 Pre- Post- Current Pre- Post- Current Modification Modification Modification Modification Modification Modification Number Outstanding Outstanding Outstanding Number Outstanding Outstanding Outstanding of Recorded Recorded Recorded of Recorded Recorded Recorded Contracts Investment Investment Investment Contracts Investment Investment Investment (in thousands) Troubled Debt Restructurings - Residential and home equity: Modified principal 1 $ 619 $ 611 $ 611 1 $ 153 $ 169 $ 164 Total 1 $ 619 $ 611 $ 611 1 $ 153 $ 169 $ 164

Note 4 - Premises and Equipme_2

Note 4 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Property, Plant and Equipment [Table Text Block]	At December 31, 2018 2017 (in thousands) Land $ 690 $ 690 Buildings 3,736 3,736 Leasehold improvements 421 416 Furniture, fixtures and equipment 1,168 1,160 Computer and software 2,372 2,140 Construction in progress 40 - Total, at cost 8,427 8,142 Less accumulated depreciation and amortization (3,771 ) (3,270 ) Premises and equipment, net $ 4,656 $ 4,872
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	(in thousands) Years Annual Rent Amount 1-5 $ 294 6-10 323 11-15 356 Total $ 4,865 (in thousands) Year Ending December 31, Amount 2019 $ 85 2020 85 2021 85 2022 49 Total $ 304

Note 5 - Deposits (Tables)

Note 5 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Time Deposit Maturities [Table Text Block]	(in thousands) Year Ending December 31, Amount 2019 $ 27,140 2020 8,066 2021 1,534 2022 2,531 2023 2,025 Total $ 41,296

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, (in thousands) 2018 2017 Current: Federal $ 1,003 $ 1,309 State 292 224 Total current 1295 1,533 Deferred: Federal (65 ) 193 State (10 ) 9 Total deferred (75 ) 202 Total income taxes $ 1,220 $ 1,735
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2018 2017 % of % of Pretax Pretax Amount Earnings Amount Earnings (dollars in thousands) Income taxes at statutory rate $ 1,105 21.0 % $ 1,548 34.0 % Increase (decrease) resulting from: State taxes, net of federal tax benefit 223 4.2 154 3.4 Tax-exempt income (62 ) (1.2 ) (97 ) (2.1 ) Stock-based compensation (29 ) (0.6 ) (60 ) (1.3 ) Change in federal rate - - 155 3.4 Other nondeductible expenses (17 ) (0.2 ) 35 0.7 Total $ 1,220 23.2 % $ 1,735 38.1 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	At December 31, 2018 2017 (in thousands) Deferred tax assets: Allowance for loan losses $ 894 $ 744 Organizational and start-up costs 40 49 Stock-based compensation 27 12 Unrealized losses on securities available for sale 188 100 Other 12 23 Deferred tax assets 1,161 928 Deferred tax liabilities: Prepaid Expenses (59 ) (70 ) Deferred loan costs (380 ) (317 ) Premises and equipment (220 ) (202 ) Deferred tax liabilities (659 ) (589 ) Net deferred tax asset $ 502 $ 339

Note 8 - Off-balance Sheet Fi_2

Note 8 - Off-balance Sheet Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	At December 31, 2018 (in thousands) Commitments to extend credit $ 6,365 Construction loans in process 15,023 Unused lines of credit 43,719 Standby financial letters of credit 1,934 Standby performance letters of credit 378 Guaranteed accounts 1,330 Total off-balance sheet instruments $ 68,749

Note 9 - Stock Compensation P_2

Note 9 - Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Weighted average risk-free interest rate 1.47 - 2.63% Expected dividend yield 0.41 - 0.50% Expected stock volatility 10.07 - 11.90% Expected life in years 1.0 - 6.5 Per share fair value of options issued during year $1.08 - $3.35
The 2007 Stock Option Plan [Member]
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term (years) Value Outstanding at December 31, 2016 42,200 $ 10.16 Options exercised (19,450 ) 10.00 Options forfeited (550 ) 10.00 Outstanding at December 31, 2017 22,200 $ 10.31 Options exercised (17,150 ) 10.02 Options forfeited (350 ) 10.00 Outstanding at December 31, 2018 4,700 $ 11.37 2.4 $ 45,000 Exercisable at December 31, 2018 4,700 $ 11.37 2.4 $ 45,000
The 2015 Stock Incentive Compensation Plan [Member]
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term (years) Value Outstanding at December 31, 2016 - $ - Options granted 11,540 17.03 Outstanding at December 31, 2017 11,540 $ 17.03 Options granted 252,917 19.91 Forfeited (1,000 ) 20.09 Outstanding at December 31, 2018 263,457 $ 19.78 8.4 $ 323,000 Exercisable at December 31, 2018 37,207 $ 17.93 2.8 $ 115,000

Note 11 - Related Party Trans_2

Note 11 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	Year Ended December 31, (in thousands) 2018 2017 Loans: Beginning balance $ 5,870 $ 5,942 Originated during the year 2,048 634 Remove retired Director (400 ) - Principal repayments (230 ) (706 ) Ending balance $ 7,288 $ 5,870 Deposits at year-end $ 9,989 $ 10,008

Note 12 - Fair Value of Finan_2

Note 12 - Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	At December 31, 2018 At December 31, 2017 Carrying Fair Carrying Fair (in thousands) Level Amount Value Amount Value Financial assets: Cash and cash equivalents 1 $ 48,038 $ 48,038 $ 32,397 $ 32,397 Securities available for sale 2 45,384 45,384 49,809 49,809 Loans held for sale 3 4,767 4,842 5,880 6,039 Loans, net 3 290,113 283,068 250,259 249,628 Federal Home Loan Bank stock 3 355 355 316 316 Accrued interest receivable 3 1,034 1,034 978 978 Financial liabilities- Deposits 3 349,067 349,416 298,297 298,403 Off-Balance Sheet financial instruments 3 - - - -

Note 14 - Regulatory Capital (T

Note 14 - Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual For Capital Adequacy Purposes For Well Capitalized Purposes (dollars in thousands) Amount Percentage Amount Percentage Amount Percentage As of December 31, 2018 Tier 1 Leverage ratio to Average Assets $ 37,805 9.28 % $ 16,288 4.00 % $ 20,360 5.00 % Common Equity Tier 1 Capital to Risk-Weighted Assets 37,805 12.90 13,190 4.50 19,052 6.50 Tier 1 Capital to Risk-Weighted Assets 37,805 12.90 17,587 6.00 23,449 8.00 Total Capital to Risk-Weighted Assets 41,466 14.15 23,449 8.00 29,311 10.00 As of December 31, 2017: Tier 1 Leverage ratio to Average Assets $ 33,146 9.48 % $ 13,983 4.00 % $ 17,479 5.00 % Common Equity Tier 1 Capital to Risk-Weighted Assets 33,146 12.80 11,654 4.50 16,834 6.50 Tier 1 Capital to Risk-Weighted Assets 33,146 12.80 15,539 6.00 20,718 8.00 Total Capital to Risk-Weighted Assets 36,282 14.01 20,718 8.00 25,898 10.00

Note 16 - Earnings Per Share (T

Note 16 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2018 2017 Weighted- Per Weighted- Per Average Share Average Share (dollars in thousands, except per share amounts) Earnings Shares Amount Earnings Shares Amount Year Ended December 31, Basic EPS: Net earnings $ 4,042 3,125,689 $ 1.29 $ 2,817 2,704,382 $ 1.04 Effect of dilutive securities-incremental shares from assumed conversion of options 5,857 7,317 Diluted EPS: Net earnings $ 4,042 3,131,546 $ 1.29 $ 2,817 2,711,699 $ 1.04

Note 17 - Parent Company Only_2

Note 17 - Parent Company Only Financial Information (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Condensed Balance Sheet [Table Text Block]	At December 31, (in thousands) 2018 2017 Assets Cash $ 13,551 $ 14,103 Investment in subsidiary 37,249 32,850 Other assets 20 20 Total assets $ 50,820 $ 46,973 Stockholders' Equity Stockholders' equity $ 50,820 $ 46,973 Total liabilities and stockholders' equity $ 50,820 $ 46,973
Condensed Income Statement [Table Text Block]	Condensed Statements of Earnings Year Ended December 31, 2018 2017 (in thousands) Revenues $ - $ - Expenses (632 ) (440 ) Income tax benefit 160 165 Loss before earnings of subsidiary (472 ) (275 ) Net earnings of subsidiary 4,514 3,092 Net earnings $ 4,042 $ 2,817
Condensed Cash Flow Statement [Table Text Block]	Condensed Statements of Cash Flows Year Ended December 31, (in thousands) 2018 2017 Cash flows from operating activities: Net Earnings $ 4,042 $ 2,817 Adjustments to reconcile net earnings to net cash used in operating activities: Equity in earnings of subsidiary (4,514 ) (3,092 ) Stock issued as compensation 60 65 Net cash used in operating activities (412 ) (210 ) Cash flows from financing activities: Proceeds from sale of common stock - 16,957 Proceeds from stock options exercised 172 195 Net cash provided by financing activities 172 17,152 Cash flows from investment activities: Cash dividend paid (312 ) (140 ) Cash infusion to subsidiary - (4,000 ) Net cash used by investing activities (312 ) (4,140 ) Net (decrease) increase in cash (552 ) 12,802 Cash at beginning of the year 14,103 1,301 Cash at end of year $ 13,551 $ 14,103 Supplemental disclosure of cash flow information- Noncash items: Net change in accumulated other comprehensive loss of subsidiary, net of change in unrealized loss on securities available for sale, net of tax $ (260 ) $ (18 ) Stock-based compensation expense of subsidiary $ 145 $ 15

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)
Subsidiary, Ownership Percentage By Parent	100.00%
Number of Banking Offices	3
Cash Reserve Deposit Required and Made	$ 3,901,000	$ 2,618,000
Gain (Loss) n Sale of SmallBusiness Administration Loans	0	0
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Ending Balance	$ 4,767,000	$ 5,880,000
Accounting Standards Update 2016-02 [Member] | Subsequent Event [Member]
Operating Lease, Right-of-Use Asset			$ 288,000
Operating Lease, Liability, Total			$ 288,000

Note 2 - Securities Available_3

Note 2 - Securities Available for Sale (Details Textual)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions	39	34
Collateral Pledged [Member]
Debt Securities, Available-for-sale, Restricted	$ 8,310,825	$ 9,090,302

Note 2 - Securities Available_4

Note 2 - Securities Available for Sale - Summary of Carrying Amount and Fair Values of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Amortized Cost	$ 46,128	$ 50,205
Gross Unrealized Gains	95	157
Gross Unrealized Losses	(839)	(553)
Securities available for sale	45,384	49,809
US Government Agencies Debt Securities [Member]
Amortized Cost	815	1,251
Gross Unrealized Gains		6
Gross Unrealized Losses	(16)	(8)
Securities available for sale	799	1,249
US States and Political Subdivisions Debt Securities [Member]
Amortized Cost	11,580	12,340
Gross Unrealized Gains	62	128
Gross Unrealized Losses	(113)	(95)
Securities available for sale	11,529	12,373
Collateralized Mortgage Backed Securities [Member]
Amortized Cost	33,733	36,614
Gross Unrealized Gains	33	23
Gross Unrealized Losses	(710)	(450)
Securities available for sale	$ 33,056	$ 36,187

Note 2 - Securities Available_5

Note 2 - Securities Available for Sale - Securities Available for Sale Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Securities available for sale	$ 45,384	$ 49,809
US Government Agencies Debt Securities [Member]
Securities available for sale	799	1,249
US States and Political Subdivisions Debt Securities [Member]
Securities available for sale	11,529	12,373
Collateralized Mortgage Backed Securities [Member]
Securities available for sale	33,056	36,187
Fair Value, Measurements, Recurring [Member]
Securities available for sale	45,384	49,809
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	45,384	49,809
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member]
Securities available for sale	799	1,249
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	799	1,249
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities available for sale	11,529	12,373
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	11,529	12,373
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member]
Securities available for sale	33,056	36,187
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	33,056	36,187
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Securities available for sale

Note 2 - Securities Available_6

Note 2 - Securities Available for Sale - Scheduled Maturities of Securities with Fair Value and Amortized Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Due in one to five years, amortized cost	$ 4,233
Due in one to five years, Fair value	4,231
Due in five to ten years, amortized cost	5,465
Due in five to ten years, Fair value	5,496
Due after ten years, amortized cost	2,697
Due after ten years, Fair value	2,601
Mortgage-backed securities, amortized cost	33,733
Mortgage-backed securities, Fair value	33,056
Total, amortized cost	46,128	$ 50,205
Total, Fair value	$ 45,384	$ 49,809

Note 2 - Securities Available_7

Note 2 - Securities Available for Sale - Summary of Sale of Securities Available for Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Proceeds from sale of securities		$ 750
Gross gains
Gross losses		(1)
Net loss on sale of securities		$ (1)

Note 2 - Securities Available_8

Note 2 - Securities Available for Sale - Summary of Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Gross Unrealized Losses, Less Than Twelve Months	$ (21)	$ (352)
Fair Value, Less Than Twelve Months	1,225	32,267
Gross Unrealized Losses, Over Twelve Months	(818)	(201)
Fair Value, Over Twelve Months	36,378	6,870
US Government Agencies Debt Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months	(2)	(8)
Fair Value, Less Than Twelve Months	242	694
Gross Unrealized Losses, Over Twelve Months	(14)
Fair Value, Over Twelve Months	557
US States and Political Subdivisions Debt Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months		(36)
Fair Value, Less Than Twelve Months		1,831
Gross Unrealized Losses, Over Twelve Months	(113)	(59)
Fair Value, Over Twelve Months	5,760	1,203
Collateralized Mortgage Backed Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months	(19)	(308)
Fair Value, Less Than Twelve Months	983	29,742
Gross Unrealized Losses, Over Twelve Months	(691)	(142)
Fair Value, Over Twelve Months	$ 30,061	$ 5,667

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016
Number of Loan Portfolio Segments	3
Number of Portfolio Classes	5
Impairment Valuation Loan Limit	$ 500,000
Financing Receivable Recorded Investment 90 Days Past Due and Still Accruing, Number of Loans	0
Financing Receivable, Modifications, Number of Contracts	1	1	0
Financing Receivable, Modifications, Recorded Investment	$ 641,000
Nonperforming Financial Instruments [Member] | Collateral Pledged [Member] | Fair Value, Measurements, Nonrecurring [Member]
Loans Receivable, Fair Value Disclosure	$ 0	$ 0
Minimum [Member] | Loans Receivable [Member]
Loan Maturity Period	1 year
Maximum [Member] | Loans Receivable [Member]
Loan Maturity Period	10 years
Real Estate Mortgage Loans [Member]
Number of Portfolio Classes	3
Commercial Real Estate Portfolio Segment [Member]
Period of Fixed Interest Rate	5 years
Financing Receivable, Modifications, Number of Contracts	1	1
Financing Receivable, Modifications, Recorded Investment	$ 611,000	$ 164,000
Commercial Real Estate Portfolio Segment [Member] | Minimum [Member]
Loan Maturity Period	3 years
Commercial Real Estate Portfolio Segment [Member] | Maximum [Member]
Loan Maturity Period	5 years
Residential Portfolio Segment [Member] | Period 1 [Member]
Period of Fixed Interest Rate	15 years
Period of Adjustment of Interest Rate	1 year
Residential Portfolio Segment [Member] | Period 2 [Member]
Period of Fixed Interest Rate	30 years
Period of Adjustment of Interest Rate	3 years
Residential Portfolio Segment [Member] | Period 3 [Member]
Period of Adjustment of Interest Rate	5 years
Residential Portfolio Segment [Member] | Period 4 [Member]
Period of Adjustment of Interest Rate	7 years
Real Estate Construction Loan [Member] | Minimum [Member]
Loan Maturity Period	1 year
Real Estate Construction Loan [Member] | Maximum [Member]
Loan Maturity Period	2 years
Commercial Portfolio Segment [Member] | Maximum [Member] | Equipment Loans [Member]
Loan Maturity Period	5 years

Note 3 - Loans - Composition of

Note 3 - Loans - Composition of Company's Loan Portfolio, Excluding Loans Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Total loans	$ 293,314	$ 252,971
Net deferred loan costs	460	424
Allowance for loan losses	(3,661)	(3,136)	$ (2,876)
Loans, net	290,113	250,259
Mortgage Receivable [Member]
Total loans	235,549	201,202
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	82,494	79,565
Allowance for loan losses	(917)	(894)	(775)
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Total loans	121,454	94,824
Allowance for loan losses	(1,397)	(1,097)	(1,074)
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Total loans	31,601	26,813
Allowance for loan losses	(391)	(331)	(258)
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Total loans	51,018	44,027
Allowance for loan losses	(876)	(724)	(714)
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Total loans	6,747	7,742
Allowance for loan losses	$ (80)	$ (90)	$ (55)

Note 3 - Loans - Summary of Cha

Note 3 - Loans - Summary of Changes in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Beginning balance	$ 3,136	$ 2,876
Provision (credit) for loan losses	591	256
Net (charge-offs) recoveries	(66)	4
Ending balance	3,661	3,136
Recorded investment, individually evaluated for impairment	1,231	134
Balance in allowance for loan losses, individually evaluated for impairment	211	134
Recorded investment, collectively evaluated for impairment	292,083	252,837
Balance in allowance for loan losses, collectively evaluated for impairment	3,450	3,002
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Beginning balance	894	775
Provision (credit) for loan losses	23	119
Net (charge-offs) recoveries
Ending balance	917	894
Recorded investment, individually evaluated for impairment	611
Balance in allowance for loan losses, individually evaluated for impairment
Recorded investment, collectively evaluated for impairment	81,883	79,565
Balance in allowance for loan losses, collectively evaluated for impairment	917	894
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Beginning balance	1,097	1,074
Provision (credit) for loan losses	300	23
Net (charge-offs) recoveries
Ending balance	1,397	1,097
Recorded investment, individually evaluated for impairment	409
Balance in allowance for loan losses, individually evaluated for impairment
Recorded investment, collectively evaluated for impairment	121,045	94,824
Balance in allowance for loan losses, collectively evaluated for impairment	1,397	1,097
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Beginning balance	331	258
Provision (credit) for loan losses	63	73
Net (charge-offs) recoveries	(3)
Ending balance	391	331
Recorded investment, individually evaluated for impairment
Balance in allowance for loan losses, individually evaluated for impairment
Recorded investment, collectively evaluated for impairment	31,601	26,813
Balance in allowance for loan losses, collectively evaluated for impairment	391	331
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Beginning balance	724	714
Provision (credit) for loan losses	204	(6)
Net (charge-offs) recoveries	(52)	16
Ending balance	876	724
Recorded investment, individually evaluated for impairment	205	134
Balance in allowance for loan losses, individually evaluated for impairment	205	134
Recorded investment, collectively evaluated for impairment	50,813	43,893
Balance in allowance for loan losses, collectively evaluated for impairment	671	590
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Beginning balance	90	55
Provision (credit) for loan losses	1	47
Net (charge-offs) recoveries	(11)	(12)
Ending balance	80	90
Recorded investment, individually evaluated for impairment	6
Balance in allowance for loan losses, individually evaluated for impairment	6
Recorded investment, collectively evaluated for impairment	6,741	7,742
Balance in allowance for loan losses, collectively evaluated for impairment	$ 74	$ 90

Note 3 - Loans - Summary of Loa

Note 3 - Loans - Summary of Loan Credit Quality (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Loans by credit quality	$ 293,314	$ 252,971
Pass [Member]
Loans by credit quality	282,134	243,787
Special Mention [Member]
Loans by credit quality	9,376	7,420
Substandard [Member]
Loans by credit quality	1,804	1,764
Doubtful [Member]
Loans by credit quality
Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality
Mortgage Receivable [Member]
Loans by credit quality	235,549	201,202
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans by credit quality	82,494	79,565
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	77,650	74,560
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	4,233	4,382
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	611	623
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Loans by credit quality	121,454	94,824
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	118,368	92,282
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	2,875	2,122
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	211	420
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Loans by credit quality	31,601	26,813
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Pass [Member]
Loans by credit quality	31,601	26,356
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Special Mention [Member]
Loans by credit quality		298
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Substandard [Member]
Loans by credit quality		159
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Doubtful [Member]
Loans by credit quality
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Loans by credit quality	51,018	44,027
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	47,858	42,874
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	2,184	591
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	976	562
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Loans by credit quality	6,747	7,742
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	6,657	7,715
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	84	27
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	6
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality

Note 3 - Loans - Summary of Pas

Note 3 - Loans - Summary of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accruing Loans, Past Due	$ 262	$ 878
Accruing Loans, Current	292,710	251,959
Nonaccrual Loans	342	134
Loans by credit quality	293,314	252,971
Financing Receivables, 30 to 59 Days Past Due [Member]
Accruing Loans, Past Due	232
Financing Receivables, 60 to 89 Days Past Due [Member]
Accruing Loans, Past Due	30	878
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing Loans, Past Due
Mortgage Receivable [Member]
Loans by credit quality	235,549	201,202
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Accruing Loans, Past Due		623
Accruing Loans, Current	82,494	78,942
Nonaccrual Loans
Loans by credit quality	82,494	79,565
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accruing Loans, Past Due
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accruing Loans, Past Due		623
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing Loans, Past Due
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Accruing Loans, Past Due	164	255
Accruing Loans, Current	121,129	94,569
Nonaccrual Loans	161
Loans by credit quality	121,454	94,824
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accruing Loans, Past Due	134
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accruing Loans, Past Due	30	255
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing Loans, Past Due
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Accruing Loans, Past Due
Accruing Loans, Current	31,601	26,813
Nonaccrual Loans
Loans by credit quality	31,601	26,813
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accruing Loans, Past Due
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accruing Loans, Past Due
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing Loans, Past Due
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Accruing Loans, Past Due	98
Accruing Loans, Current	50,745	43,893
Nonaccrual Loans	175	134
Loans by credit quality	51,018	44,027
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accruing Loans, Past Due	98
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accruing Loans, Past Due
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing Loans, Past Due
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Accruing Loans, Past Due
Accruing Loans, Current	6,741	7,742
Nonaccrual Loans	6
Loans by credit quality	6,747	7,742
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accruing Loans, Past Due
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accruing Loans, Past Due
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accruing Loans, Past Due

Note 3 - Loans - Summary of Imp

Note 3 - Loans - Summary of Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
With No Related Allowance Recorded, Recorded Investment	$ 1,020
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	1,020
With an Allowance Recorded, Recorded Investment	211	134
With an Allowance Recorded, Unpaid Contractual Principal Balance	211	134
Related Allowance	211	134
Total Recorded Investment	1,231	134
Total Unpaid Contractual Principal Balance	1,231	134
Commercial Real Estate Portfolio Segment [Member] | Mortgage Receivable [Member]
With No Related Allowance Recorded, Recorded Investment	611
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	611
With an Allowance Recorded, Recorded Investment
With an Allowance Recorded, Unpaid Contractual Principal Balance
Related Allowance
Total Recorded Investment	611
Total Unpaid Contractual Principal Balance	611
Residential Portfolio Segment [Member] | Mortgage Receivable [Member]
With No Related Allowance Recorded, Recorded Investment	409
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	409
With an Allowance Recorded, Recorded Investment
With an Allowance Recorded, Unpaid Contractual Principal Balance
Related Allowance
Total Recorded Investment	409
Total Unpaid Contractual Principal Balance	409
Commercial Portfolio Segment [Member] | Loans and Finance Receivables [Member]
With No Related Allowance Recorded, Recorded Investment
With No Related Allowance Recorded, Unpaid Contractual Principal Balance
With an Allowance Recorded, Recorded Investment	205	134
With an Allowance Recorded, Unpaid Contractual Principal Balance	205	134
Related Allowance	205	134
Total Recorded Investment	205	134
Total Unpaid Contractual Principal Balance	205	$ 134
Consumer Portfolio Segment [Member] | Loans and Finance Receivables [Member]
With No Related Allowance Recorded, Recorded Investment
With No Related Allowance Recorded, Unpaid Contractual Principal Balance
With an Allowance Recorded, Recorded Investment	6
With an Allowance Recorded, Unpaid Contractual Principal Balance	6
Related Allowance	6
Total Recorded Investment	6
Total Unpaid Contractual Principal Balance	$ 6

Note 3 - Loans - Summary of Ave

Note 3 - Loans - Summary of Average Net Investment in Impaired Loans and Interest Income Recognized and Received on Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Average recorded investment	$ 879	$ 383
Interest income recognized	25	29
Interest income received	29	32
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Average recorded investment	471
Interest income recognized	16
Interest income received	16
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Average recorded investment	234	277
Interest income recognized	7	28
Interest income received	6	28
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Average recorded investment		42
Interest income recognized		1
Interest income received		4
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Average recorded investment	172	64
Interest income recognized	2
Interest income received	7
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Average recorded investment	2
Interest income recognized
Interest income received

Note 3 - Loans - Summary of L_2

Note 3 - Loans - Summary of Loans Determined to Be Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016
Number of Contracts	1	1	0
Current Modification Outstanding Recorded Investment	$ 641,000
Commercial Real Estate Portfolio Segment [Member]
Number of Contracts	1	1
Pre-Modification Outstanding Recorded Investment	$ 619,000	$ 153,000
Post-Modification Outstanding Recorded Investment	611,000	169,000
Current Modification Outstanding Recorded Investment	$ 611,000	$ 164,000
Commercial Real Estate Portfolio Segment [Member] | Modified Principal [Member]
Number of Contracts	1	1
Pre-Modification Outstanding Recorded Investment	$ 619,000	$ 153,000
Post-Modification Outstanding Recorded Investment	611,000	169,000
Current Modification Outstanding Recorded Investment	$ 611,000	$ 164,000

Note 4 - Premises and Equipme_3

Note 4 - Premises and Equipment (Details Textual)	Feb. 15, 2019USD ($)	Aug. 06, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Operating Leases, Rent Expense, Net, Total			$ 172,000	$ 155,000
Payments to Acquire Property, Plant, and Equipment, Total			304,000	$ 462,000
Subsequent Event [Member]
Payments to Acquire Property, Plant, and Equipment, Total	$ 2,100,000
Maximum [Member] | Subsequent Event [Member]
Expected Renovation Expenditures	$ 400,000
Retail Lease [Member]
Lessee, Operating Lease, Term of Contract		15 years
Lessee, Operating Lease, Number of Renewal Options		4
Lessee, Operating Lease, Renewal Term		5 years
Lessee, Operating Lease, Permanent Improvements Reimbursement, Maximum		$ 1,200,000
Retail Lease [Member] | Maximum [Member]
Lessee, Operating Lease, Improvement Expenditures, Estimate Amount			$ 500,000

Note 4 - Premises and Equipme_4

Note 4 - Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Total, at cost	$ 8,427	$ 8,142
Less accumulated depreciation and amortization	(3,771)	(3,270)
Premises and equipment, net	4,656	4,872
Land [Member]
Total, at cost	690	690
Building [Member]
Total, at cost	3,736	3,736
Leasehold Improvements [Member]
Total, at cost	421	416
Furniture and Fixtures [Member]
Total, at cost	1,168	1,160
Computer and Software [Member]
Total, at cost	2,372	2,140
Construction in Progress [Member]
Total, at cost	$ 40

Note 4 - Premises and Equipme_5

Note 4 - Premises and Equipment - Summary of New Rent Obligations and Prior Rent Commencement (Details)	Dec. 31, 2018USD ($)
Total	$ 304,000
2019	85,000
2020	85,000
2021	85,000
2022	49,000
Retail Lease [Member]
1-5	294
6-10	323
11-15	356
Total	$ 4,865

Note 5 - Deposits (Details Text

Note 5 - Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Time Deposits, at or Above FDIC Insurance Limit	$ 20.7	$ 10.7

Note 5 - Deposits - Schedule of

Note 5 - Deposits - Schedule of Maturitites of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
2019	$ 27,140
2020	8,066
2021	1,534
2022	2,531
2023	2,025
Total	$ 41,296	$ 22,054

Note 6 - Other Borrowings (Deta

Note 6 - Other Borrowings (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Line of Credit Facility, Maximum Borrowing Capacity	$ 35,800
Federal Home Loan Bank Advances, Total	0	$ 0
Line of Credit Facility, Current Borrowing Capacity	$ 18,800

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($)	Dec. 22, 2017	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 155,000		$ 155,000

Note 7 - Income Taxes - Compone

Note 7 - Income Taxes - Components of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Federal	$ 1,003	$ 1,309
State	292	224
Total current	1,295	1,533
Federal	(65)	193
State	(10)	9
Total deferred	(75)	202
Total income taxes	$ 1,220	$ 1,735

Note 7 - Income Taxes - Reconci

Note 7 - Income Taxes - Reconciliation of statutory Federal Income Tax Rate and Effective Tax Rates (Details) - USD ($)	Dec. 22, 2017	Dec. 31, 2018	Dec. 31, 2017
Income taxes at statutory rate, amount		$ 1,105,000	$ 1,548,000
Income taxes at statutory rate, percent		21.00%	34.00%
State taxes, net of federal tax benefit, amount		$ 223,000	$ 154,000
State taxes, net of federal tax benefit, percent		4.20%	3.40%
Tax-exempt income, amount		$ (62,000)	$ (97,000)
Tax-exempt income, percent		(1.20%)	(2.10%)
Stock-based compensation, amount		$ (29,000)	$ (60,000)
Stock-based compensation, percent		(0.60%)	(1.30%)
Change in federal rate, amount	$ 155,000		$ 155,000
Change in federal rate, percent			3.40%
Other nondeductible expenses, amount		$ (17,000)	$ 35,000
Other nondeductible expenses, percent		(0.20%)	0.70%
Income taxes		$ 1,220,000	$ 1,735,000
Total, percent		23.20%	38.10%

Note 7 - Income Taxes - Summary

Note 7 - Income Taxes - Summary of Tax Effects of Temporary Differences on Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Allowance for loan losses	$ 894	$ 744
Organizational and start-up costs	40	49
Stock-based compensation	27	12
Unrealized losses on securities available for sale	188	100
Other	12	23
Deferred tax assets	1,161	928
Prepaid Expenses	(59)	(70)
Deferred loan costs	(380)	(317)
Premises and equipment	(220)	(202)
Deferred tax liabilities	(659)	(589)
Net deferred tax asset	$ 502	$ 339

Note 8 - Off-balance Sheet Fi_3

Note 8 - Off-balance Sheet Financial Instruments (Details Textual) - Standby Financial Letters of Credit [Member]	12 Months Ended
	Dec. 31, 2018USD ($)
Debt Instrument, Term	1 year
Debt Instrument, Collateral Amount	$ 606,000
Credit Availability Concentration Risk [Member] | Swap Liabilities [Member]
Concentration Risk, Percentage	10.00%

Note 8 - Off-balance Sheet Fi_4

Note 8 - Off-balance Sheet Financial Instruments - Summary of Off-balance Sheet Financial Instruments (Details) $ in Thousands	11 Months Ended
	Dec. 13, 2018USD ($)
Contractual amounts with off-balance-sheet risk	$ 68,749
Commitments to Extend Credit [Member]
Contractual amounts with off-balance-sheet risk	6,365
Construction Loans In Process [Member]
Contractual amounts with off-balance-sheet risk	15,023
Unused lines of Credit [Member]
Contractual amounts with off-balance-sheet risk	43,719
Standby Financial Letters of Credit [Member]
Contractual amounts with off-balance-sheet risk	1,934
Performance Standby Letters Of Credit [Member]
Contractual amounts with off-balance-sheet risk	378
Guaranteed Accounts [Member]
Contractual amounts with off-balance-sheet risk	$ 1,330

Note 9 - Stock Compensation P_3

Note 9 - Stock Compensation Plans (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	May 20, 2015
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense			$ 20,000
Incentive Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Incentive Stock Options [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	25,000	15,667
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		100.00%
Incentive Stock Options [Member] | Remaining Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	92,250
Non-qualified Stock Options [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	120,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
The 2015 Stock Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			252,917	11,540
Allocated Share-based Compensation Expense, Total			$ 145,000	$ 15,000
The 2015 Stock Incentive Compensation Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			500,000
Maximum Percentage of Shares Issued				15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			263,457
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			207,385
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options			$ 646,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			4 years 73 days
The 2007 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant					0
The 2007 Stock Option Plan [Member] | Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options			$ 0
Directors' Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			74,805
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			2,818	3,912
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			55,284
Allocated Share-based Compensation Expense, Total			$ 60,000	$ 65,000
Stock Consideration on Percentage of Common Stock Received Upon Cash Fees			110.00%

Note 9 - Stock Compensation P_4

Note 9 - Stock Compensation Plans - Summary of the 2015 Plan (Details) - The 2015 Stock Incentive Compensation Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018
Number of Options, Outstanding, beginning balance (in shares)	11,540
Weighted-average Exercise Price, Outstanding, beginning balance (in dollars per share)	$ 17.03
Number of Options, granted (in shares)	252,917	11,540
Weighted-average Exercise Price, Options granted (in dollars per share)	$ 19.91	$ 17.03
Weighted-average Exercise Price, Outstanding, ending balance (in dollars per share)	$ 19.78	$ 17.03
Number of Options, forfeited (in shares)	(1,000)
Weighted-average Exercise Price, Options Forfeited (in dollars per share)	$ 20.09
Number of Options, Outstanding, ending balance (in shares)	263,457	11,540
Outstanding at December 31, 2018Weighted-average Exercise Price, Outstanding, ending balance (in dollars per share)	$ 17.03		$ 19.78
Weighted-average Remaining Contractual Term, Outstanding (Year)	8 years 146 days
Aggregate Intrinsic Value, Outstanding			$ 323,000
Number of Options, Exercisable (in shares)			37,207
Weighted-average Exercise Price, Exercisable (in dollars per share)			$ 17.93
Weighted-average Remaining Contractual Term, Exercisable (Year)	2 years 292 days
Aggregate Intrinsic Value, Exercisable			$ 115,000

Note 9 - Stock Compensation P_5

Note 9 - Stock Compensation Plans - Black-Scholes Option-pricing Model Assumptions (Details)	12 Months Ended
	Dec. 31, 2018$ / shares
Minimum [Member]
Weighted average risk-free interest rate	1.47%
Expected dividend yield	0.41%
Expected stock volatility	10.07%
Expected life in years (Year)	1 year
Per share fair value of options issued during year (in dollars per share)	$ 1.08
Maximum [Member]
Weighted average risk-free interest rate	2.63%
Expected dividend yield	0.50%
Expected stock volatility	11.90%
Expected life in years (Year)	6 years 182 days
Per share fair value of options issued during year (in dollars per share)	$ 3.35

Note 9 - Stock Compensation P_6

Note 9 - Stock Compensation Plans - Summary of the 2007 Stock Option Plan (Details) - The 2007 Stock Option Plan [Member] - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Options, Outstanding, beginning balance (in shares)	22,200	42,200
Weighted-average Exercise Price, Outstanding, beginning balance (in dollars per share)	$ 10.31	$ 10.16
Number of Options, exercised (in shares)	(17,150)	(19,450)
Weighted-average Exercise Price, Options exercised (in dollars per share)	$ 10.02	$ 10
Number of Options, forfeited (in shares)	(350)	(550)
Weighted-average Exercise Price, Options Forfeited (in dollars per share)	$ 10	$ 10
Number of Options, Outstanding, ending balance (in shares)	4,700	22,200
Weighted-average Exercise Price, Outstanding, ending balance (in dollars per share)	$ 11.37	$ 10.31
Weighted-average Remaining Contractual Term, Outstanding (Year)	2 years 146 days
Aggregate Intrinsic Value, Outstanding	$ 45,000
Number of Options, Exercisable (in shares)	4,700
Weighted-average Exercise Price, Exercisable (in dollars per share)	$ 11.37
Aggregate Intrinsic Value, Exercisable	$ 45,000

Note 10 - Employee Benefit Pl_2

Note 10 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Defined Contribution Plan, Cost	$ 160,000	$ 142,000
Deferred Compensation for Officers [Member]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.00%
Deferred Compensation for Officers [Member] | Other Liabilities [Member]
Defined Benefit Plan, Benefit Obligation, Ending Balance	$ 18,000

Note 11 - Related Party Trans_3

Note 11 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Payment to Acquire Life Insurance Policy, Investing Activities	$ 4,500,000
Directors and former CFO [Member]
Payment to Acquire Life Insurance Policy, Investing Activities	$ 739,000	$ 740,000

Note 11 - Related Party Trans_4

Note 11 - Related Party Transactions - Summary of Activity of Loans to Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Beginning balance	$ 5,870	$ 5,942
Originated during the year	2,048	634
Remove retired Director	(400)
Principal repayments	(230)	(706)
Ending balance	7,288	5,870
Deposits at year-end	$ 9,989	$ 10,008

Note 12 - Fair Value of Finan_3

Note 12 - Fair Value of Financial Instruments - Fair Values and Fair Value Measurement Method of Financial Instruments (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Securities available for sale	$ 45,384,000	$ 49,809,000
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Ending Balance	4,767,000	5,880,000
Accrued interest receivable	1,034,000	978,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	48,038,000	32,397,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	45,384,000	49,809,000
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Ending Balance	4,767,000	5,880,000
Loans Receivable, Fair Value Disclosure	290,113,000	250,259,000
Federal Home Loan Bank stock	355,000	316,000
Accrued interest receivable	1,034,000	978,000
Deposits	349,067,000	298,297,000
Off-Balance Sheet financial instruments
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	48,038,000	32,397,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Securities available for sale	45,384,000	49,809,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Ending Balance	4,842,000	6,039,000
Loans Receivable, Fair Value Disclosure	283,068,000	249,628,000
Federal Home Loan Bank stock	355,000	316,000
Accrued interest receivable	1,034,000	978,000
Deposits	349,416,000	298,403,000
Off-Balance Sheet financial instruments

Note 13 - Dividend Restrictio_2

Note 13 - Dividend Restrictions (Details Textual) - Subsequent Event [Member]	1 Months Ended
	Jan. 31, 2019$ / shares
Common Stock, Dividends, Per Share, Declared	$ 0.12
Dividends Payable, Date to be Paid	Mar. 5, 2019
Dividends Payable, Date of Record	Feb. 14, 2019

Note 14 - Regulatory Capital (D

Note 14 - Regulatory Capital (Details Textual)	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
Percentage of Capital Conservation Buffer, Minimum Risk-based Capital Requirement		1.875%	1.25%
Subsequent Event [Member]
Capital Conservation Buffer Rate	2.50%

Note 14 - Regulatory Capital -

Note 14 - Regulatory Capital - Summary of Regulatory Capital Requirements and Bank's Capital Position (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Tier 1 Leverage ratio to Average Assets, actual amount	$ 37,805	$ 33,146
Tier 1 Leverage ratio to Average Assets, actual percentage	9.28%	9.48%
Tier 1 Leverage ratio to Average Assets, for capital adequacy purposes, amount	$ 16,288	$ 13,983
Tier 1 Leverage ratio to Average Assets, for capital adequacy purposes, percentage	4.00%	4.00%
Tier 1 Leverage ratio to Average Assets, for well capitalized purposes, amount	$ 20,360	$ 17,479
Tier 1 Leverage ratio to Average Assets, for well capitalized purposes, percentage	5.00%	5.00%
Common Equity Tier 1 Capital to Risk-Weighted Assets, actual amount	$ 37,805	$ 33,146
Common Equity Tier 1 Capital to Risk-Weighted Assets, actual percentage	12.90%	12.80%
Common Equity Tier 1 Capital to Risk-Weighted Assets, for capital adequacy purposes, amount	$ 13,190	$ 11,654
Common Equity Tier 1 Capital to Risk-Weighted Assets, for capital adequacy purposes, percentage	4.50%	4.50%
Common Equity Tier 1 Capital to Risk-Weighted Assets, for well capitalized purposes, amount	$ 19,052	$ 16,834
Common Equity Tier 1 Capital to Risk-Weighted Assets, for well capitalized purposes, percentage	6.50%	6.50%
Tier 1 Capital to Risk-Weighted Assets, actual amount	$ 37,805	$ 33,146
Tier 1 Capital to Risk-Weighted Assets, actual percentage	12.90%	12.80%
Tier 1 Capital to Risk-Weighted Assets, for capital adequacy purposes, amount	$ 17,587	$ 15,539
Tier 1 Capital to Risk-Weighted Assets, for capital adequacy purposes, percentage	6.00%	6.00%
Tier 1 Capital to Risk-Weighted Assets, for well capitalized purposes, amount	$ 23,449	$ 20,718
Tier 1 Capital to Risk-Weighted Assets, for well capitalized purposes, percentage	8.00%	8.00%
Total Capital to Risk-Weighted Assets, actual amount	$ 41,466	$ 36,282
Total Capital to Risk-Weighted Assets, actual percentage	14.15%	14.01%
Total Capital to Risk-Weighted Assets, for capital adequacy purposes, amount	$ 23,449	$ 20,718
Total Capital to Risk-Weighted Assets, for capital adequacy purposes, percentage	8.00%	8.00%
Total Capital to Risk-Weighted Assets, for well capitalized purposes, amount	$ 29,311	$ 25,898
Total Capital to Risk-Weighted Assets, for well capitalized purposes, percentage	10.00%	10.00%

Note 16 - Earnings Per Share -

Note 16 - Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net earnings, basic	$ 4,042	$ 2,817
Weighted-average Shares, basic (in shares)	3,125,689	2,704,382
Net earnings, per share amount, basic (in dollars per share)	$ 1.29	$ 1.04
Effect of dilutive securities-incremental shares from assumed conversion of options (in shares)	5,857	7,317
Net earnings, diluted	$ 4,042	$ 2,817
Weighted-average Shares, diluted (in shares)	3,131,546	2,711,699
Net earnings, per share amount, diluted (in dollars per share)	$ 1.29	$ 1.04

Note 17 - Parent Company Only_3

Note 17 - Parent Company Only Financial Information - Schedule of Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash	$ 48,038	$ 32,397
Other assets	530	573
Total assets	401,702	347,180
Stockholders' equity	50,820	46,973	$ 27,082
Total liabilities and stockholders' equity	401,702	347,180
Parent Company [Member]
Cash	13,551	14,103
Investment in subsidiary	37,249	32,850
Other assets	20	20
Total assets	50,820	46,973
Stockholders' equity	50,820	46,973
Total liabilities and stockholders' equity	$ 50,820	$ 46,973

Note 17 - Parent Company Only_4

Note 17 - Parent Company Only Financial Information - Schedule of Condensed Statement of Earnings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income tax benefit	$ (1,220)	$ (1,735)
Net earnings	4,042	2,817
Parent Company [Member]
Revenues
Expenses	(632)	(440)
Income tax benefit	160	165
Loss before earnings of subsidiary	(472)	(275)
Net earnings of subsidiary	4,514	3,092
Net earnings	$ 4,042	$ 2,817

Note 17 - Parent Company Only_5

Note 17 - Parent Company Only Financial Information - Schedule of Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net earnings	$ 4,042	$ 2,817
Stock-based compensation expense	145	15
Net cash used in operating activities	6,576	1,659
Proceeds from sale of common stock, net		16,957
Proceeds from stock options exercised	172	195
Net cash provided by financing activities	50,630	39,962
Net cash used by investing activities	(41,565)	(45,389)
Net (decrease) increase in cash	15,641	(3,768)
Cash and cash equivalents at beginning of year	32,397	36,165
Cash and cash equivalents at end of year	48,038	32,397
Accumulated other comprehensive loss, net change in unrealized loss on securities available for sale, net of tax benefit	(260)	(18)
Parent Company [Member]
Net earnings	4,042	2,817
Equity in earnings of subsidiary	(4,514)	(3,092)
Stock-based compensation expense	60	65
Net cash used in operating activities	(412)	(210)
Proceeds from sale of common stock, net		16,957
Proceeds from stock options exercised	172	195
Net cash provided by financing activities	172	17,152
Cash dividend paid	(312)	(140)
Cash infusion to subsidiary		(4,000)
Net cash used by investing activities	(312)	(4,140)
Net (decrease) increase in cash	(552)	12,802
Cash and cash equivalents at beginning of year	14,103	1,301
Cash and cash equivalents at end of year	13,551	14,103
Accumulated other comprehensive loss, net change in unrealized loss on securities available for sale, net of tax benefit	(260)	(18)
Stock-based compensation expense of subsidiary	$ 145	$ 15