XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.2

Note 6 - Leases

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 6 – LEASES

The Company has operating leases for retail bank and home lending branches, loan production offices, and certain equipment.  At  June 30, 2025, these leases have remaining terms ranging from one month to ten years, with some including options to extend for up to five years.

The components of lease cost (included in occupancy expense on the Consolidated Statements of Income) for the three and six months ended June 30, 2025 and 2024 are as follows:

		Three Months Ended June 30,
Lease cost:		2025				2024
Operating lease cost		$	496			$	475
Short-term lease cost			8				2
Total lease cost		$	504			$	477

		Six Months Ended June 30,
Lease cost:		2025				2024
Operating lease cost		$	964			$	949
Short-term lease cost			15				5
Total lease cost		$	979			$	954

The following table provides supplemental information related to operating leases at or for the three and six months ended June 30, 2025 and 2024:

		At or For the Three months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities:		2025				2024
Operating cash flows from operating leases		$	505			$	490
Weighted average remaining lease term- operating leases (in years)			4.7				3.7
Weighted average discount rate- operating leases			3.69	%			2.99	%

		At or For the Six Months Ended June 30,
Cash paid for amounts included in the measurement of lease liabilities:		2025				2024
Operating cash flows from operating leases		$	988			$	980
Weighted average remaining lease term- operating leases (in years)			4.7				3.7
Weighted average discount rate- operating leases			3.69	%			2.99	%

The Company’s leases typically do not contain a discount rate implicit in the lease contract.  As an alternative, the discount rate used in determining the lease liability for each individual lease was the FHLB of Des Moines’ fixed advance rate.

Maturities of operating lease liabilities at  June 30, 2025 for future periods are as follows:

Remainder of 2025		$	1,092
2026			2,173
2027			1,891
2028			1,158
2029			1,039
Thereafter			1,978
Total lease payments			9,331
Less imputed interest			(1,193	)
Total		$	8,138

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/842-20/tableOfContent

+ Details

Name:	us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration