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Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		For the Year Ending December 31,
Provision for income taxes		2023				2022				2021
Current		$	9,912			$	8,183			$	8,258
Deferred			(693	)			(844	)			1,750
Total provision for income taxes		$	9,219			$	7,339			$	10,008

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		December 31,
		2023								2022								2021
		Amount				Rate				Amount				Rate				Amount				Rate
Income tax provision at statutory rate		$	9,507				21.0	%		$	7,767				21.0	%		$	9,958				21.0	%
Tax exempt income			(333	)			(0.7	)			(852	)			(2.3	)			(492	)			(1.0	)
Nondeductible items resulting in increase in tax			165				0.4				31				0.1				28				—
Increase in tax resulting from other items			36				0.1				274				0.7				100				0.2
Equity compensation			(208	)			(0.5	)			(146	)			(0.4	)			(883	)			(1.9	)
Executive compensation			52				0.1				265				0.7				979				2.1
ESOP			—				—				—				—				318				0.7
Total		$	9,219				20.4	%		$	7,339				19.8	%		$	10,008				21.1	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred Tax Assets		December 31,
		2023				2022
ACL on loans		$	6,746			$	6,119
Non-accrued loan interest			3				11
Restricted stock awards			113				101
Non-qualified stock options			615				438
Lease liability			1,463				1,392
Securities available-for-sale			7,689				9,146
ACL on unfunded commitments			327				547
Other			49				234
Purchase accounting adjustments			48				—
Total deferred tax assets			17,053				17,988
Deferred Tax Liabilities
Loan origination costs			(2,512	)			(2,123	)
MSRs			(3,679	)			(3,874	)
Stock dividend - FHLB stock			(7	)			(35	)
Property, plant, and equipment			(1,408	)			(1,095	)
Purchase accounting adjustments			—				(727	)
Lease right-of-use assets			(1,415	)			(1,338	)
Interest rate swaps designated as cash flow hedge			(1,307	)			(2,126	)
Total deferred tax liabilities			(10,328	)			(11,318	)
Net deferred tax assets		$	6,725			$	6,670

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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