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Note 23 - Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | Note 2 3. Quarterly Financial Data (Unaudited) The following tables present selected financial data for the periods indicated:
|  | Year Ended December 31, 2020 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 29,509 |  |  | $ | 27,786 |  |  | $ | 27,995 |  |  | $ | 28,746 |
Interest expense |  |  | 1,827 |  |  |  | 1,447 |  |  |  | 1,161 |  |  |  | 1,029 |
Net interest income |  |  | 27,682 |  |  |  | 26,339 |  |  |  | 26,834 |  |  |  | 27,717 |
Provision for loan losses |  |  | 3,500 |  |  |  | 3,831 |  |  |  | 4,703 |  |  |  | 634 |
Net interest income after provision |  |  | 24,182 |  |  |  | 22,508 |  |  |  | 22,131 |  |  |  | 27,083 |
Noninterest income, excluding net loss on sale of securities |  |  | 7,164 |  |  |  | 6,913 |  |  |  | 7,638 |  |  |  | 7,733 |
Net loss on sale of securities |  |  | 385 |  |  |  | — |  |  |  | — |  |  |  | — |
Noninterest expense |  |  | 21,664 |  |  |  | 18,913 |  |  |  | 19,171 |  |  |  | 19,877 |
Income before income taxes |  |  | 10,067 |  |  |  | 10,508 |  |  |  | 10,598 |  |  |  | 14,939 |
Income tax expense |  |  | 2,195 |  |  |  | 2,270 |  |  |  | 2,332 |  |  |  | 3,389 |
Net income |  | $ | 7,872 |  |  | $ | 8,238 |  |  | $ | 8,266 |  |  | $ | 11,550 |
Basic earnings per common share |  | $ | 0.44 |  |  | $ | 0.47 |  |  | $ | 0.47 |  |  | $ | 0.65 |
Diluted earnings per common share |  |  | 0.44 |  |  |  | 0.46 |  |  |  | 0.47 |  |  |  | 0.65 |
Dividends per common share |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.25 |
Weighted average basic shares outstanding |  |  | 17,998,994 |  |  |  | 17,701,853 |  |  |  | 17,710,283 |  |  |  | 17,717,356 |
Weighted average diluted shares outstanding |  |  | 18,050,071 |  |  |  | 17,728,300 |  |  |  | 17,732,428 |  |  |  | 17,751,805 |
|  | Year Ended December 31, 2019 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 23,611 |  |  | $ | 24,382 |  |  | $ | 23,605 |  |  | $ | 23,370 |
Interest expense |  |  | 1,425 |  |  |  | 1,393 |  |  |  | 1,384 |  |  |  | 1,313 |
Net interest income |  |  | 22,186 |  |  |  | 22,989 |  |  |  | 22,221 |  |  |  | 22,057 |
Provision for loan losses |  |  | 1,220 |  |  |  | 1,585 |  |  |  | 675 |  |  |  | 91 |
Net interest income after provision |  |  | 20,966 |  |  |  | 21,404 |  |  |  | 21,546 |  |  |  | 21,966 |
Noninterest income, excluding net loss on sale of securities |  |  | 8,080 |  |  |  | 8,692 |  |  |  | 7,634 |  |  |  | 9,314 |
Net loss on sale of securities |  |  | — |  |  |  | (43 | ) |  |  | — |  |  |  | — |
Noninterest expense |  |  | 16,785 |  |  |  | 16,651 |  |  |  | 17,444 |  |  |  | 18,883 |
Income before income taxes |  |  | 12,261 |  |  |  | 13,402 |  |  |  | 11,736 |  |  |  | 12,397 |
Income tax expense |  |  | 2,630 |  |  |  | 2,951 |  |  |  | 2,580 |  |  |  | 2,833 |
Net income |  | $ | 9,631 |  |  | $ | 10,451 |  |  | $ | 9,156 |  |  | $ | 9,564 |
Basic earnings per common share |  | $ | 0.61 |  |  | $ | 0.67 |  |  | $ | 0.59 |  |  | $ | 0.61 |
Diluted earnings per common share |  |  | 0.60 |  |  |  | 0.66 |  |  |  | 0.58 |  |  |  | 0.61 |
Dividends per common share |  |  | 0.21 |  |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.25 |
Weighted average basic shares outstanding |  |  | 15,839,424 |  |  |  | 15,712,204 |  |  |  | 15,603,992 |  |  |  | 15,611,093 |
Weighted average diluted shares outstanding |  |  | 15,920,950 |  |  |  | 15,775,320 |  |  |  | 15,664,587 |  |  |  | 15,670,047 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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