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Note 23 - Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes Tables |
Quarterly Financial Information [Table Text Block] |
|  | Year Ended December 31, 2022 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 25,639 |  |  | $ | 27,970 |  |  | $ | 29,722 |  |  | $ | 30,988 |
Interest expense |  |  | 486 |  |  |  | 423 |  |  |  | 380 |  |  |  | 367 |
Net interest income |  |  | 25,153 |  |  |  | 27,547 |  |  |  | 29,342 |  |  |  | 30,621 |
Provision for credit losses |  |  | 1,961 |  |  |  | 510 |  |  |  | 685 |  |  |  | 3,416 |
Net interest income after provision |  |  | 23,192 |  |  |  | 27,037 |  |  |  | 28,657 |  |  |  | 27,205 |
Noninterest income, excluding net loss on sale of securities |  |  | 9,194 |  |  |  | 8,854 |  |  |  | 9,950 |  |  |  | 9,184 |
Noninterest expense |  |  | 19,986 |  |  |  | 21,255 |  |  |  | 21,145 |  |  |  | 20,730 |
Income before income taxes |  |  | 12,400 |  |  |  | 14,636 |  |  |  | 17,462 |  |  |  | 15,659 |
Income tax expense |  |  | 2,885 |  |  |  | 3,423 |  |  |  | 4,111 |  |  |  | 3,076 |
Net income |  | $ | 9,515 |  |  | $ | 11,213 |  |  | $ | 13,351 |  |  | $ | 12,583 |
Basic earnings per common share |  | $ | 0.57 |  |  | $ | 0.67 |  |  | $ | 0.82 |  |  | $ | 0.78 |
Diluted earnings per common share |  |  | 0.56 |  |  |  | 0.67 |  |  |  | 0.81 |  |  |  | 0.77 |
Dividends per common share |  |  | 0.27 |  |  |  | 0.27 |  |  |  | 0.29 |  |  |  | 0.29 |
Weighted average basic shares outstanding |  |  | 16,817,284 |  |  |  | 16,662,817 |  |  |  | 16,378,022 |  |  |  | 16,229,289 |
Weighted average diluted shares outstanding |  |  | 16,864,515 |  |  |  | 16,682,615 |  |  |  | 16,413,202 |  |  |  | 16,281,922 |
|  | Year Ended December 31, 2021 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 27,151 |  |  | $ | 26,538 |  |  | $ | 25,789 |  |  | $ | 25,832 |
Interest expense |  |  | 869 |  |  |  | 724 |  |  |  | 643 |  |  |  | 600 |
Net interest income |  |  | 26,282 |  |  |  | 25,814 |  |  |  | 25,146 |  |  |  | 25,232 |
Recovery of credit losses |  |  | (4,001 | ) |  |  | (2,230 | ) |  |  | (1,394 | ) |  |  | (846 | )
Net interest income after provision |  |  | 30,283 |  |  |  | 28,044 |  |  |  | 26,540 |  |  |  | 26,078 |
Noninterest income, excluding net loss on sale of securities |  |  | 7,569 |  |  |  | 8,797 |  |  |  | 8,720 |  |  |  | 9,215 |
Noninterest expense |  |  | 18,820 |  |  |  | 19,361 |  |  |  | 18,836 |  |  |  | 21,701 |
Income before income taxes |  |  | 19,032 |  |  |  | 17,480 |  |  |  | 16,424 |  |  |  | 13,592 |
Income tax expense |  |  | 4,430 |  |  |  | 4,077 |  |  |  | 3,816 |  |  |  | 3,037 |
Net income |  | $ | 14,602 |  |  | $ | 13,403 |  |  | $ | 12,608 |  |  | $ | 10,555 |
Basic earnings per common share |  | $ | 0.83 |  |  | $ | 0.77 |  |  | $ | 0.73 |  |  | $ | 0.62 |
Diluted earnings per common share |  |  | 0.82 |  |  |  | 0.76 |  |  |  | 0.73 |  |  |  | 0.62 |
Dividends per common share |  |  | 0.25 |  |  |  | 0.25 |  |  |  | 0.27 |  |  |  | 0.27 |
Weighted average basic shares outstanding |  |  | 17,669,937 |  |  |  | 17,486,182 |  |  |  | 17,221,244 |  |  |  | 16,974,005 |
Weighted average diluted shares outstanding |  |  | 17,729,185 |  |  |  | 17,536,144 |  |  |  | 17,279,576 |  |  |  | 17,038,980 |

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