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Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

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

		For the Year Ending December 31,
Provision for income taxes		2024				2023				2022
Current		$	8,580			$	9,912			$	8,183
Deferred			(2,023	)			(693	)			(844	)
Total provision for income taxes		$	6,557			$	9,219			$	7,339

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

		December 31,
		2024								2023								2022
		Amount				Rate				Amount				Rate				Amount				Rate
Income tax provision at statutory rate		$	8,744				21.0	%		$	9,507				21.0	%		$	7,767				21.0	%
Tax exempt income			(179	)			(0.4	)			(333	)			(0.7	)			(852	)			(2.3	)
Nondeductible items resulting in increase in tax			160				0.4				165				0.4				31				0.1
Increase in tax resulting from other items			180				0.4				36				0.1				274				0.7
Equity compensation			(631	)			(1.5	)			(208	)			(0.5	)			(146	)			(0.4	)
Executive compensation			560				1.3				52				0.1				265				0.7
Gain on tax credit purchase			(2,277	)			(5.5	)			—				—				—				—
Total		$	6,557				15.7	%		$	9,219				20.4	%		$	7,339				19.8	%

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

Deferred Tax Assets		December 31,
		2024				2023
ACL on loans		$	6,859			$	6,746
Non-accrued loan interest			42				3
Restricted stock awards			105				113
Non-qualified stock options			489				615
Lease liability			1,194				1,463
Securities available-for-sale			6,256				7,689
ACL on unfunded commitments			302				327
Other			36				49
Purchase accounting adjustments			481				48
Total deferred tax assets			15,764				17,053
Deferred Tax Liabilities
Loan origination costs			(2,513	)			(2,512	)
MSRs			(1,960	)			(3,679	)
Stock dividend - FHLB stock			—				(7	)
Property, plant, and equipment			(1,515	)			(1,408	)
Lease right-of-use assets			(1,156	)			(1,415	)
Interest rate swaps designated as cash flow hedge			(1,561	)			(1,307	)
Total deferred tax liabilities			(8,705	)			(10,328	)
Net deferred tax assets		$	7,059			$	6,725

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.

+ References

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-Topic 740
-SubTopic 10
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-Section 50
-Paragraph 9
-Publisher FASB
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