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Note 8 - INCOME TAXES - Reconciliation of the Expected Federal Income Tax Expense (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INCOME TAXES        
Computed "expected" tax expense $ 8,517 $ 6,264 $ 20,419 $ 18,773
Tax exempt income, net (4,993) (4,204) (14,016) (11,965)
Bank-owned life insurance (200) (171) (520) (975)
State income taxes, net of federal benefit, current year 1,407 1,084 2,751 3,186
Tax credits (336) (26) (1,131) (77)
Income from tax credit equity investments (427) (546) (1,278) (1,639)
Excess tax benefit on stock options exercised and restricted stock awards vested 111 310 637 834
Other 13 46 (116) 698
Federal and state income tax expense $ 3,844 $ 2,045 $ 5,704 $ 5,771
Computed "expected" tax expense (in percentage) 21.00% 21.00% 21.00% 21.00%
Tax exempt income, net (in percentage) (12.30%) (14.10%) (14.40%) (13.40%)
Bank-owned life insurance (in percentage) (0.50%) (0.60%) (0.50%) (1.10%)
State income taxes, net of federal benefit, current year (in percentage) 3.50% 3.60% 2.80% 3.60%
Tax credits (in percentage) (0.80%) (0.10%) (1.20%) (0.10%)
Income from tax credit equity investments (in percentage) (1.10%) (1.80%) (1.30%) (1.80%)
Excess tax benefit on stock options exercised and restricted stock awards vested (in percentage) (0.30%) (1.00%) (0.70%) (0.90%)
Other (in percentage) 0.00% (0.10%) 0.20% (0.80%)
Federal and state income tax expense (in percentage) 9.50% 6.90% 5.90% 6.50%