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Note 15 - Income Taxes | 9 Months Ended
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Sep. 30, 2024
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | NOTE 15 Income Taxes The components of income tax expense (benefit) for the three and nine months ended September 30, 2024 and 2023 were as follows:
|  | Three months ended September 30, |
|  | 2024 |  |  | 2023 |
|  |  |  |  |  | Percent of |  |  |  |  |  |  | Percent of |
(dollars in thousands) |  | Amount |  |  | Pretax Income |  |  | Amount |  |  | Pretax Income |
Taxes at statutory federal income tax rate |  | $ | 1,427 |  |  |  | 21.0 | % |  | $ | 2,424 |  |  |  | 21.0 | %
Tax effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax exempt income |  |  | (308 | ) |  |  | (4.5 | )% |  |  | (189 | ) |  |  | (1.6 | )%
State income taxes, net of federal benefits |  |  | 332 |  |  |  | 4.9 | % |  |  | 499 |  |  |  | 4.3 | %
Nondeductible items and other |  |  | 139 |  |  |  | 2.0 | % |  |  | (353 | ) |  |  | (3.1 | )%
Applicable income taxes |  | $ | 1,590 |  |  |  | 23.4 | % |  | $ | 2,381 |  |  |  | 20.6 | %
|  | Nine months ended September 30, |
|  | 2024 |  |  | 2023 |
|  |  |  |  |  | Percent of |  |  |  |  |  |  | Percent of |
(dollars in thousands) |  | Amount |  |  | Pretax Income |  |  | Amount |  |  | Pretax Income |
Taxes at statutory federal income tax rate |  | $ | 4,925 |  |  |  | 21.0 | % |  | $ | 7,071 |  |  |  | 21.0 | %
Tax effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax exempt income |  |  | (776 | ) |  |  | (3.3 | )% |  |  | (489 | ) |  |  | (1.5 | )%
State income taxes, net of federal benefits |  |  | 1,143 |  |  |  | 4.9 | % |  |  | 1,445 |  |  |  | 4.3 | %
Nondeductible items and other |  |  | 312 |  |  |  | 1.3 | % |  |  | (805 | ) |  |  | (2.4 | )%
Applicable income taxes |  | $ | 5,604 |  |  |  | 23.9 | % |  | $ | 7,222 |  |  |  | 21.4 | %
It is the opinion of management that, as of September 30, 2024, the Company had no significant uncertain tax positions that would be subject to change upon examination.

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