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Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

		Year Ended December 31,
(Amounts in thousands)		2021				2020				2019
Current tax expense:
Federal		$	8,546			$	10,048			$	9,603
State			1,563				1,643				1,554
Total current tax expense			10,109				11,691				11,157
Deferred tax expense (benefit):
Federal			4,677				(1,266	)			(152	)
State			574				(239	)			(11	)
Total deferred tax expense (benefit)			5,251				(1,505	)			(163	)
Total income tax expense		$	15,360			$	10,186			$	10,994

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

		Year Ended December 31,
		2021								2020								2019
		Amount				Percent				Amount				Percent				Amount				Percent
(Amounts in thousands)
Federal income tax at the statutory rate		$	13,971				21.00	%		$	9,683				21.00	%		$	10,457				21.00	%
State income tax, net of federal benefit			2,076				3.12	%			1,109				3.12	%			1,220				3.12	%
			16,047				24.12	%			10,792				24.12	%			11,677				24.12	%
Increase (decrease) resulting from:
Tax-exempt interest income			(340	)			(0.51	)%			(500	)			(1.08	)%			(637	)			(1.28	)%
Excess tax benefits			(133	)			(0.20	)%			42				0.09	%			(71	)			(0.14	)%
Bank owned life insurance			(225	)			(0.34	)%			(139	)			(0.30	)%			(249	)			(0.50	)%
Other items, net			11				0.02	%			(9	)			(0.74	)%			274				0.04	%
Income tax at the effective tax rate		$	15,360				23.09	%		$	10,186				22.09	%		$	10,994				22.24	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		December 31,
(Amounts in thousands)		2021				2020
Deferred tax assets
Allowance for loan losses		$	6,647			$	6,128
Unrealized asset losses			482				545
Purchase accounting			455				2,559
FDIC assisted transactions			810				1,685
Intangible assets			(318	)			217
Deferred compensation assets			4,360				4,048
Federal net operating loss carryforward			2,179				4,093
Deferred loan fees			2,350				2,401
Other			1,930				1,816
Total deferred tax assets			18,895				23,492
Deferred tax liabilities
FDIC indemnification asset			—				286
Fixed assets			(823	)			2,450
Odd days interest deferral			(3,324	)			1,482
Unrealized gains on available for sale securities			(4	)			257
Other			(592	)			287
Total deferred tax liabilities			(4,743	)			4,762
Net deferred tax asset		$	14,152			$	18,730

X

- Definition

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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