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Note 25 - Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2021
Notes Tables |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
(Dollars in thousands) |  | Bank of Fincastle |  |  | SmartBank |  |  | Total |
Purchase price: |  |  |  |  |  |  |  |  |  |  |  |
Cash paid |  | $ | 6,752 |  |  | $ | 83,745 |  |  | $ | 90,497 |
Common stock issued |  |  | 27,069 |  |  |  | - |  |  |  | 27,069 |
Total purchase price |  | $ | 33,821 |  |  | $ | 83,745 |  |  | $ | 117,566 |
Identifiable assets acquired: |  |  |  |  |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 46,158 |  |  | $ | - |  |  | $ | 46,158 |
Federal funds sold |  |  | 120 |  |  |  | - |  |  |  | 120 |
Securities, AFS, at fair value |  |  | 12,112 |  |  |  | - |  |  |  | 12,112 |
Restricted securities |  |  | 183 |  |  |  | - |  |  |  | 183 |
Loans, net of ALLL |  |  | 194,617 |  |  |  | 81,637 |  |  |  | 276,254 |
Bank premises and equipment |  |  | 3,471 |  |  |  | 172 |  |  |  | 3,643 |
Accrued interest receivable |  |  | 1,588 |  |  |  | 143 |  |  |  | 1,731 |
OREO |  |  | 2,137 |  |  |  | - |  |  |  | 2,137 |
BOLI |  |  | 5,852 |  |  |  | - |  |  |  | 5,852 |
Other assets |  |  | 4,259 |  |  |  | - |  |  |  | 4,259 |
Total identifiable assets acquired |  | $ | 270,497 |  |  | $ | 81,952 |  |  | $ | 352,449 |
Identifiable liabilities assumed: |  |  |  |  |  |  |  |  |  |  |  |
Demand deposits & savings accounts |  | $ | 184,535 |  |  | $ | - |  |  | $ | 184,535 |
Time deposits |  |  | 52,246 |  |  |  | - |  |  |  | 52,246 |
Accrued expenses and other liabilities |  |  | 1,132 |  |  |  | - |  |  |  | 1,132 |
Total identifiable liabilities assumed |  | $ | 237,913 |  |  | $ | - |  |  | $ | 237,913 |
Net identifiable assets acquired at fair value |  | $ | 32,584 |  |  | $ | 81,952 |  |  | $ | 114,536 |
Goodwill resulting from acquisitions |  | $ | 1,237 |  |  | $ | 1,793 |  |  | $ | 3,030 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Unaudited Pro Forma |  |  | Unaudited Pro Forma |
|  | Twelve Months Ended |  |  | Twelve Months Ended |
(Dollars in thousands, except per share amounts) |  | December 31, 2021 |  |  | December 31, 2020 |
Total revenues (net interest income plus noninterest income) |  | $ | 42,116 |  |  | $ | 43,234 |
Net income |  | $ | 9,826 |  |  | $ | 7,660 |
Net income per share, basic |  | $ | 1.77 |  |  | $ | 1.57 |
Net income per share, diluted |  | $ | 1.77 |  |  | $ | 1.57 |

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