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Note 22 - Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Quarterly Financial Information [Text Block] | Note 22. Quarterly Financial Data (Unaudited) The following tables present selected financial data for the periods indicated:
|  | Year Ended December 31, 2023 |
|  | First |  |  | Second |  |  | Third |  |  | Fourth |
|  | Quarter |  |  | Quarter |  |  | Quarter |  |  | Quarter |
(Amounts in thousands, except share and per share data) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 30,189 |  |  | $ | 34,869 |  |  | $ | 36,105 |  |  | $ | 36,002 |
Interest expense |  |  | 777 |  |  |  | 2,007 |  |  |  | 2,758 |  |  |  | 3,939 |
Net interest income |  |  | 29,412 |  |  |  | 32,862 |  |  |  | 33,347 |  |  |  | 32,063 |
Provision for credit losses |  |  | 1,742 |  |  |  | 4,105 |  |  |  | 1,109 |  |  |  | 1,029 |
Net interest income after provision |  |  | 27,670 |  |  |  | 28,757 |  |  |  | 32,238 |  |  |  | 31,034 |
Noninterest income, excluding net loss on sale of securities |  |  | 8,583 |  |  |  | 8,785 |  |  |  | 9,622 |  |  |  | 10,462 |
Noninterest expense |  |  | 20,813 |  |  |  | 24,671 |  |  |  | 22,913 |  |  |  | 26,780 |
Income before income taxes |  |  | 15,440 |  |  |  | 12,871 |  |  |  | 18,947 |  |  |  | 14,716 |
Income tax expense |  |  | 3,658 |  |  |  | 3,057 |  |  |  | 4,307 |  |  |  | 2,932 |
Net income |  | $ | 11,782 |  |  | $ | 9,814 |  |  | $ | 14,640 |  |  | $ | 11,784 |
Adjustment to Net Income for Fair Value Changes to Restricted Stock Units (tax-effected) |  | $ | 20 |  |  | $ | 335 |  |  | $ | 215 |  |  | $ | 530 |
Adjusted Net Income for diluted earnings per share |  | $ | 11,802 |  |  | $ | 10,149 |  |  | $ | 14,855 |  |  | $ | 12,314 |
Basic earnings per common share |  | $ | 0.73 |  |  | $ | 0.53 |  |  | $ | 0.78 |  |  | $ | 0.64 |
Diluted earnings per common share |  |  | 0.72 |  |  |  | 0.55 |  |  |  | 0.79 |  |  |  | 0.66 |
Dividends per common share |  |  | 0.29 |  |  |  | 0.29 |  |  |  | 0.29 |  |  |  | 0.29 |
Weighted average basic shares outstanding |  |  | 16,228,297 |  |  |  | 18,407,078 |  |  |  | 18,786,032 |  |  |  | 18,530,114 |
Weighted average diluted shares outstanding |  |  | 16,289,489 |  |  |  | 18,431,598 |  |  |  | 18,831,836 |  |  |  | 18,575,226 |
|  | 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 |
Recovery of 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 |

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