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Note 7 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

		Three months ended
		March 31,
(in thousands)		2024				2023
Current income tax expense:
Federal		$	5,116			$	5,194
State			1,198				677
Total current income tax expense			6,314				5,871
Deferred income tax expense:
Federal			587				1,417
State			167				844
Total deferred income tax expense			754				2,261
Change in valuation allowance			-				-
Total income tax expense		$	7,068			$	8,132

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

		Three months ended
		March 31,
		2024				2023
U.S. federal statutory income tax rate			21.0	%			21.0	%
State income taxes, net of federal benefit			3.3				3.3
Excess tax benefit from stock-based compensation arrangements			0.3				(1.1	)
Change in cash surrender value of life insurance			(1.0	)			(0.7	)
Adoption of ASU 2023-02			(1.3	)			-
Tax credits			0.6				0.4
Tax exempt interest income			(0.5	)			(0.5	)
Insurance captive			-				(0.3	)
Other, net			(0.9	)			(0.2	)
Effective tax rate			21.5	%			21.9	%

Schedule of Unfunded Contributions [Table Text Block]

(dollars in thousands)		March 31, 2024
Remainder of 2024		$	35,791
2025			62,830
2026			33,634
2027			7,136
2028			793
Thereafter			13,117
Total unfunded contributions		$	153,301

Schedule Of Tax Credits And Other Tax Benefits Recognized And Amortization Expense Related To Tax Credit Partnerships [Table Text Block]

		Three months ended
		March 31,
(in thousands)		2024				2023
Proportional amortization method:
Tax credits and other tax benefits recognized		$	3,551			$	350
Amortization expense in provision for income taxes			2,853				398
Amortization expense in other non-interest expense			-				323
Effective yield method:
Tax credits and other tax benefits recognized		$	-			$	399
Amortization expense in provision for income taxes			-				-
Amortization expense in other non-interest expense			-				-

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Schedule of tax credits and other tax benefits recognized and amortization expense related to tax credit partnerships

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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-Topic 740
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-Name Accounting Standards Codification
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