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Note 14 - Income Taxes | 6 Months Ended
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Jun. 30, 2025
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | NOTE 14 Income Taxes The components of income tax expense (benefit) for the three and six months ended June 30, 2025 and 2024 were as follows:
|  | Three months ended June 30, |
|  | 2025 |  |  | 2024 |
|  |  |  |  |  | Percent of |  |  |  |  |  |  | Percent of |
(dollars in thousands) |  | Amount |  |  | Pretax Income |  |  | Amount |  |  | Pretax Income |
Taxes at statutory federal income tax rate |  | $ | 5,535 |  |  |  | 21.0 | % |  | $ | 1,708 |  |  |  | 21.0 | %
Tax effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax exempt income |  |  | (498 | ) |  |  | (1.9 | )% |  |  | (239 | ) |  |  | (2.9 | )%
State income taxes, net of federal benefits |  |  | 1,392 |  |  |  | 5.3 | % |  |  | 398 |  |  |  | 4.9 | %
Nondeductible items and other |  |  | (325 | ) |  |  | (1.2 | )% |  |  | 56 |  |  |  | 0.7 | %
Applicable income taxes |  | $ | 6,104 |  |  |  | 23.2 | % |  | $ | 1,923 |  |  |  | 23.7 | %
|  | Six months ended June 30, |
|  | 2025 |  |  | 2024 |
|  |  |  |  |  | Percent of |  |  |  |  |  |  | Percent of |
(dollars in thousands) |  | Amount |  |  | Pretax Income |  |  | Amount |  |  | Pretax Income |
Taxes at statutory federal income tax rate |  | $ | 9,222 |  |  |  | 21.0 | % |  | $ | 3,497 |  |  |  | 21.0 | %
Tax effect of: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tax exempt income |  |  | (955 | ) |  |  | (2.2 | )% |  |  | (468 | ) |  |  | (2.8 | )%
State income taxes, net of federal benefits |  |  | 2,185 |  |  |  | 5.0 | % |  |  | 812 |  |  |  | 4.9 | %
Nondeductible items and other |  |  | (103 | ) |  |  | (0.2 | )% |  |  | 173 |  |  |  | 1.0 | %
Applicable income taxes |  | $ | 10,349 |  |  |  | 23.6 | % |  | $ | 4,014 |  |  |  | 24.1 | %
It is the opinion of management that, as of June 30, 2025, the Company had no significant uncertain tax positions that would be subject to change upon examination. On July 4, 2025, the President signed H.R. 1, the “One Big Beautiful Bill Act,” into law. The legislation includes several changes to federal tax law that generally allow for more favorable deductibility of certain business expenses beginning in 2025, including the restoration of immediate expensing of domestic research and development (R&D) expenditures, reinstatement of 100% bonus depreciation, and more favorable rules for determining the limitation on business interest expense. The Company is currently evaluating the impact this legislation may have on future periods.

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