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Note 3 - Business Combination and Pending Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2019
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
( In Thousands) |  |  |  |
Fair value of consideration transferred: |  |  |  |
Cash |  | $ | 9,698 |
Common stock issued |  |  | 32,953 |
Total consideration transferred |  | $ | 42,651 |
(I n Thousands) |  |  |  |
Cash and cash equivalents |  | $ | 7,920 |
Available-for-sale debt securities |  |  | 94,568 |
Loans receivable |  |  | 259,295 |
Accrued interest receivable |  |  | 1,593 |
Bank premises and equipment |  |  | 1,465 |
Foreclosed assets held for sale |  |  | 1,064 |
Deferred tax asset, net |  |  | 771 |
Core deposit intangible |  |  | 1,461 |
Goodwill |  |  | 16,446 |
Other assets |  |  | 7,001 |
Deposits |  |  | (223,303 | )
Short-term borrowings |  |  | (111,568 | )
Subordinated debt |  |  | (12,375 | )
Accrued interest and other liabilities |  |  | (1,687 | )
Estimated excess fair value of assets acquired over liabilities assumed |  | $ | 42,651 |
Business Acquisition, Loans Acquired [Table Text Block] |
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |
|  | Performing |  |  | PCI |  |  | Total |
Residential mortgage: |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage loans - first liens |  | $ | 107,645 |  |  | $ | 77 |  |  | $ | 107,722 |
Residential mortgage loans - junior liens |  |  | 2,433 |  |  |  | 0 |  |  |  | 2,433 |
Home equity lines of credit |  |  | 2,674 |  |  |  | 0 |  |  |  | 2,674 |
1-4 Family residential construction |  |  | 510 |  |  |  | 0 |  |  |  | 510 |
Total residential mortgage |  |  | 113,262 |  |  |  | 77 |  |  |  | 113,339 |
Commercial: |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans secured by real estate |  |  | 113,821 |  |  |  | 364 |  |  |  | 114,185 |
Commercial and industrial |  |  | 7,571 |  |  |  | 0 |  |  |  | 7,571 |
Commercial construction and land |  |  | 4,617 |  |  |  | 0 |  |  |  | 4,617 |
Loans secured by farmland |  |  | 267 |  |  |  | 0 |  |  |  | 267 |
Multi-family (5 or more) residential |  |  | 17,493 |  |  |  | 0 |  |  |  | 17,493 |
Other commercial loans |  |  | 835 |  |  |  | 0 |  |  |  | 835 |
Total commercial |  |  | 144,604 |  |  |  | 364 |  |  |  | 144,968 |
Consumer |  |  | 988 |  |  |  | 0 |  |  |  | 988 |
Total |  | $ | 258,854 |  |  | $ | 441 |  |  | $ | 259,295 |
Business Acquisition, Fair Value Adjustments on Loans Acquired [Table Text Block] |
(In Thousands) |  |  |  |
Gross amortized cost at acquisition |  | $ | 263,334 |
Market rate adjustment |  |  | (1,807 | )
Credit fair value adjustment on non-credit impaired loans (accretable) |  |  | (1,914 | )
Credit fair value adjustment on impaired loans (non-accretable) |  |  | (318 | )
Estimated fair value of acquired loans |  | $ | 259,295 |
Business Acquisition, Pro Forma Information [Table Text Block] |
(In Thousands Except Per Share Data) |  | Year Ended |
|  | Dec. 31, |  |  | Dec. 31, |
|  | 2019 |  |  | 2018 |
Interest income |  | $ | 68,817 |  |  | $ | 66,528 |
Interest expense |  |  | 11,517 |  |  |  | 10,516 |
Net interest income |  |  | 57,300 |  |  |  | 56,012 |
Provision for loan losses |  |  | 894 |  |  |  | 1,059 |
Net interest income after provision for loan losses |  |  | 56,406 |  |  |  | 54,953 |
Noninterest income |  |  | 19,300 |  |  |  | 18,712 |
Net gains on securities |  |  | 23 |  |  |  | 2,763 |
Other noninterest expenses |  |  | 47,178 |  |  |  | 46,586 |
Income before income tax provision |  |  | 28,551 |  |  |  | 29,842 |
Income tax provision |  |  | 4,954 |  |  |  | 4,812 |
Net income |  | $ | 23,597 |  |  | $ | 25,030 |
Earnings per common share - basic |  | $ | 1.65 |  |  | $ | 1.84 |
Earnings per common share - diluted |  | $ | 1.64 |  |  | $ | 1.84 |

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