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Note 2 - Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2024
Cincinnati Bancorp, Inc. [Member] |
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | December 31, 2023 |  |  | Adjustments |  |  | September 30, 2024 |
Consideration: |  |  |  |  |  |  |  |  |  |  |  |
Cash consideration |  | $ | 9,475 |  |  |  | — |  |  |  | 9,475 |
Common stock (2,042,598 shares issued at $13.99 per share) |  |  | 28,576 |  |  |  | — |  |  |  | 28,576 |
Fair value of total consideration transferred |  |  | 38,051 |  |  |  | — |  |  |  | 38,051 |
Identifiable Assets Acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 11,368 |  |  |  | — |  |  |  | 11,368 |
Debt securities, available-for-sale |  |  | 5,210 |  |  |  | — |  |  |  | 5,210 |
Federal Home Loan Bank stock |  |  | 7,508 |  |  |  | — |  |  |  | 7,508 |
Loans, net |  |  | 236,692 |  |  |  | (732 | ) |  |  | 235,960 |
Premises and equipment |  |  | 2,767 |  |  |  | — |  |  |  | 2,767 |
Operating lease right-of-use assets |  |  | 64 |  |  |  | — |  |  |  | 64 |
Core deposit and other intangibles |  |  | 8,391 |  |  |  | — |  |  |  | 8,391 |
Bank owned life insurance |  |  | 4,413 |  |  |  | — |  |  |  | 4,413 |
Deferred income taxes |  |  | 4,451 |  |  |  | 82 |  |  |  | 4,533 |
Other assets |  |  | 12,950 |  |  |  | 122 |  |  |  | 13,072 |
Total identifiable assets acquired |  |  | 293,814 |  |  |  | (528 | ) |  |  | 293,286 |
Liabilities Assumed: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 210,532 |  |  |  | — |  |  |  | 210,532 |
Short-term borrowings |  |  | 55,999 |  |  |  | — |  |  |  | 55,999 |
Long-term debt |  |  | 5,963 |  |  |  | — |  |  |  | 5,963 |
Operating lease liabilities |  |  | 68 |  |  |  | (4 | ) |  |  | 64 |
Other liabilities |  |  | 3,489 |  |  |  | — |  |  |  | 3,489 |
Total liabilities assumed |  |  | 276,051 |  |  |  | (4 | ) |  |  | 276,047 |
Total Identifiable Net Assets Acquired |  |  | 17,763 |  |  |  | (524 | ) |  |  | 17,239 |
Goodwill Resulting From Merger |  | $ | 20,288 |  |  |  | 524 |  |  |  | 20,812 |
|  | June 30, 2024 |  |  | Adjustments |  |  | September 30, 2024 |
Consideration: |  |  |  |  |  |  |  |  |  |  |  |
Cash consideration |  | $ | 10,256 |  |  |  | (83 | ) |  |  | 10,173 |
Common stock (918,128 shares issued at $14.04 per share) |  |  | 12,891 |  |  |  | (704 | ) |  |  | 12,187 |
Fair value of total consideration transferred |  |  | 23,147 |  |  |  | (787 | ) |  |  | 22,360 |
Identifiable Assets Acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 8,029 |  |  |  | — |  |  |  | 8,029 |
Debt securities, available-for-sale |  |  | 698 |  |  |  | — |  |  |  | 698 |
Federal Home Loan Bank stock |  |  | 4,334 |  |  |  | — |  |  |  | 4,334 |
Loans, net |  |  | 127,700 |  |  |  | — |  |  |  | 127,700 |
Premises and equipment |  |  | 3,427 |  |  |  | — |  |  |  | 3,427 |
Operating lease right-of-use assets |  |  | 48 |  |  |  | — |  |  |  | 48 |
Core deposit and other intangibles |  |  | 3,760 |  |  |  | — |  |  |  | 3,760 |
Bank owned life insurance |  |  | 3,004 |  |  |  | — |  |  |  | 3,004 |
Deferred income taxes |  |  | 1,813 |  |  |  | 2,555 |  |  |  | 4,368 |
Other assets |  |  | 2,590 |  |  |  | 482 |  |  |  | 3,072 |
Total identifiable assets acquired |  |  | 155,403 |  |  |  | 3,037 |  |  |  | 158,440 |
Liabilities Assumed: |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 132,435 |  |  |  | — |  |  |  | 132,435 |
Short-term borrowings |  |  | 13,000 |  |  |  | — |  |  |  | 13,000 |
Operating lease liabilities |  |  | 48 |  |  |  | — |  |  |  | 48 |
Other liabilities |  |  | 773 |  |  |  | (1 | ) |  |  | 772 |
Total liabilities assumed |  |  | 146,256 |  |  |  | (1 | ) |  |  | 146,255 |
Total Identifiable Net Assets Acquired |  |  | 9,147 |  |  |  | 3,038 |  |  |  | 12,185 |
Goodwill Resulting From Merger |  | $ | 14,000 |  |  |  | (3,825 | ) |  |  | 10,175 |

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