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Note 6 - Leases | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Lessee, Operating Leases [Text Block] | NOTE 6. LEASES The Company leases space under non-cancelable operating leases for several of its banking offices and certain office equipment. The Company reports its right-of-use asset in other assets and its lease liabilities in other liabilities in its Consolidated Balance Sheets. Supplemental balance sheet information related to operating leases is as follows:
|  | December 31, 2023 |  |  | December 31, 2022 |
Right-of-use assets |  | $ | 26,451 |  |  | $ | 18,816 |
Lease liabilities |  | $ | 27,435 |  |  | $ | 19,614 |
Weighted average remaining lease term |  |  | 8.2 |  |  |  | 6.6 |
Weighted average discount rate |  |  | 3.67 | % |  |  | 2.81 | %
Lease costs during the years ended December 31, 2023 and 2022 were as follows (in thousands):
|  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 5,202 |  |  | $ | 4,379 |
Short-term lease cost |  |  | - |  |  |  | 68 |
Variable lease cost |  |  | 803 |  |  |  | 610 |
Sublease income |  |  | (21 | ) |  |  | (40 | )
Net lease cost |  | $ | 5,984 |  |  | $ | 5,017 |
The following table reconciles future undiscounted lease payments due under non-cancelable leases to the aggregate lease liability as of December 31, 2023:
|  | (In Thousands) |
2024 |  | $ | 5,208 |
2025 |  |  | 4,930 |
2026 |  |  | 4,105 |
2027 |  |  | 3,536 |
2028 |  |  | 2,683 |
Thereafter |  |  | 11,899 |
Total lease payments |  | $ | 32,361 |
Less: imputed interest |  |  | (4,926 | )
Present value of operating lease liabilities |  | $ | 27,435 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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