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Note 26 - Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 2020 |  |  | 2019 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 16,440 |  |  | $ | 9,778 |
Investment in subsidiaries, at cost, plus undistributed net income |  |  | 87,109 |  |  |  | 81,399 |
Other assets |  |  | 740 |  |  |  | 312 |
Total assets |  | $ | 104,289 |  |  | $ | 91,489 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 9,991 |  |  | $ | 4,983 |
Junior subordinated debt |  |  | 9,279 |  |  |  | 9,279 |
Other liabilities |  |  | 103 |  |  |  | 8 |
Total liabilities |  | $ | 19,373 |  |  | $ | 14,270 |
Preferred stock |  | $ | — |  |  | $ | — |
Common stock |  |  | 6,075 |  |  |  | 6,212 |
Surplus |  |  | 6,151 |  |  |  | 7,700 |
Retained earnings |  |  | 69,292 |  |  |  | 62,583 |
Accumulated other comprehensive income, net |  |  | 3,398 |  |  |  | 724 |
Total shareholders’ equity |  | $ | 84,916 |  |  | $ | 77,219 |
Total liabilities and shareholders’ equity |  | $ | 104,289 |  |  | $ | 91,489 |
Condensed Income Statement [Table Text Block] |
|  | 2020 |  |  | 2019 |
Income |  |  |  |  |  |  |  |
Dividends from subsidiary |  | $ | 6,600 |  |  | $ | 3,600 |
Total income |  | $ | 6,600 |  |  | $ | 3,600 |
Expense |  |  |  |  |  |  |  |
Interest expense |  | $ | 794 |  |  | $ | 782 |
Supplies |  |  | 3 |  |  |  | 3 |
Legal and professional fees |  |  | 215 |  |  |  | 137 |
Data processing |  |  | 29 |  |  |  | 26 |
Management fee-subsidiary |  |  | 294 |  |  |  | 283 |
Other expense |  |  | 80 |  |  |  | 103 |
Total expense |  | $ | 1,415 |  |  | $ | 1,334 |
Income before allocated tax benefits and undistributed income of subsidiary |  | $ | 5,185 |  |  | $ | 2,266 |
Allocated income tax benefit |  |  | 297 |  |  |  | 280 |
Income before equity in undistributed income of subsidiary |  | $ | 5,482 |  |  | $ | 2,546 |
Equity in undistributed income of subsidiary |  |  | 3,376 |  |  |  | 7,010 |
Net income |  | $ | 8,858 |  |  | $ | 9,556 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2020 |  |  | 2019 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |
Net income |  | $ | 8,858 |  |  | $ | 9,556 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiary |  |  | (3,376 | ) |  |  | (7,010 | )
Amortization of debt issuance costs |  |  | 18 |  |  |  | 18 |
Decrease in other assets |  |  | 3 |  |  |  | 2 |
Increase (decrease) in other liabilities |  |  | 4 |  |  |  | (2 | )
Net cash provided by operating activities |  | $ | 5,507 |  |  | $ | 2,564 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |
Proceeds from subordinated debt, net of issuance costs |  | $ | 4,990 |  |  | $ | — |
Cash dividends paid on common stock, net of reinvestment |  |  | (2,007 | ) |  |  | (1,674 | )
Distribution of capital to subsidiary |  |  | — |  |  |  | (3,500 | )
Net proceeds from issuance of common stock |  |  | 290 |  |  |  | 183 |
Repurchase of common stock |  |  | (2,118 | ) |  |  | (52 | )
Net cash provided by (used in) financing activities |  | $ | 1,155 |  |  | $ | (5,043 | )
Increase (decrease) in cash and cash equivalents |  | $ | 6,662 |  |  | $ | (2,479 | )
Cash and Cash Equivalents |  |  |  |  |  |  |  |
Beginning |  |  | 9,778 |  |  |  | 12,257 |
Ending |  | $ | 16,440 |  |  | $ | 9,778 |

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