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Note 10 - Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
Years Ended December 31, (in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Current income tax expense: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 25,360 |  |  | $ | 22,405 |  |  | $ | 13,292 |
State |  |  | 5,254 |  |  |  | 2,962 |  |  |  | 2,059 |
Total current income tax expense |  |  | 30,614 |  |  |  | 25,367 |  |  |  | 15,351 |
Deferred income tax expense (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (977 | ) |  |  | (513 | ) |  |  | 3,318 |
State |  |  | 542 |  |  |  | 2,336 |  |  |  | 2,176 |
Total deferred income tax expense (benefit) |  |  | (435 | ) |  |  | 1,823 |  |  |  | 5,494 |
Change in valuation allowance |  |  | - |  |  |  | - |  |  |  | (93 | )
Total income tax expense |  | $ | 30,179 |  |  | $ | 27,190 |  |  | $ | 20,752 |
Schedule of Income Tax Expense Benefit, Recorded Directly to Stockholders Equity [Table Text Block] |
Years Ended December 31, (in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Unrealized gain (loss) on securities available for sale |  | $ | 7,416 |  |  | $ | (35,323 | ) |  | $ | (5,371 | )
Unrealized gain (loss) on derivatives |  |  | (58 | ) |  |  | - |  |  |  | 38 |
Minimum pension liability adjustment |  |  | (17 | ) |  |  | 126 |  |  |  | 52 |
Total income tax (benefit) expense recorded directly to stockholders' equity |  | $ | 7,341 |  |  | $ | (35,197 | ) |  | $ | (5,281 | )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
Years Ended December 31, |  | 2023 |  |  | 2022 |  |  | 2021 |
U.S. federal statutory income tax rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | 3.3 |  |  |  | 3.5 |  |  |  | 3.5 |
Excess tax benefits from stock-based compensation arrangements |  |  | (0.3 | ) |  |  | (1.0 | ) |  |  | (1.1 | )
Change in cash surrender value of life insurance |  |  | (0.7 | ) |  |  | 0.2 |  |  |  | (0.8 | )
Tax credits |  |  | (0.5 | ) |  |  | (0.2 | ) |  |  | (0.3 | )
Tax exempt interest income |  |  | (0.5 | ) |  |  | (0.6 | ) |  |  | (0.4 | )
Non-deductible merger expenses |  |  | - |  |  |  | 0.1 |  |  |  | 0.4 |
Insurance captive |  |  | (0.2 | ) |  |  | (0.3 | ) |  |  | (0.2 | )
Amortization of investment in tax credit partnerships |  |  | 0.2 |  |  |  | 0.1 |  |  |  | 0.1 |
Other, net |  |  | (0.4 | ) |  |  | (0.2 | ) |  |  | (0.4 | )
Effective tax rate |  |  | 21.9 | % |  |  | 22.6 | % |  |  | 21.8 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
December 31, (in thousands) |  | 2023 |  |  | 2022 |
Deferred tax assets: |  |  |  |  |  |  |  |
Investment securities |  | $ | 29,805 |  |  | $ | 35,935 |
Allowance for credit losses |  |  | 19,575 |  |  |  | 18,099 |
Deferred compensation |  |  | 6,807 |  |  |  | 6,349 |
Operating lease liability |  |  | 5,449 |  |  |  | 5,066 |
Acquired loan fair value adjustments |  |  | 3,205 |  |  |  | 3,506 |
Accrued expenses |  |  | 2,691 |  |  |  | 4,605 |
Interest rate swaps |  |  | 63 |  |  |  | 6 |
Write-downs and costs associated with OREO |  |  | 27 |  |  |  | 21 |
Deferred PPP loan fees |  |  | 17 |  |  |  | 77 |
Investments in tax credit partnerships |  |  | - |  |  |  | 215 |
State net operating loss |  |  | - |  |  |  | 540 |
Total deferred tax assets |  |  | 67,639 |  |  |  | 74,419 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right-of-use operating lease asset |  |  | 5,181 |  |  |  | 4,848 |
Mortgage servicing rights |  |  | 3,192 |  |  |  | 3,712 |
Core deposit intangibles |  |  | 2,688 |  |  |  | 3,399 |
Customer list intangible |  |  | 2,062 |  |  |  | 2,469 |
Property and equipment |  |  | 2,036 |  |  |  | 2,395 |
Other liabilities |  |  | 2,025 |  |  |  | 2,009 |
Investments in tax credit partnerships |  |  | 1,515 |  |  |  | - |
Loan costs |  |  | 1,504 |  |  |  | 1,272 |
Leases |  |  | 200 |  |  |  | 170 |
Total deferred tax liabilities |  |  | 20,403 |  |  |  | 20,274 |
Net deferred tax asset |  | $ | 47,236 |  |  | $ | 54,145 |

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