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Note 27 - Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 15,572 |  |  | $ | 9,501 |
Investment in subsidiaries, at cost, plus undistributed net income |  |  | 112,317 |  |  |  | 110,682 |
Other assets |  |  | 3,193 |  |  |  | 3,024 |
Total assets |  | $ | 131,082 |  |  | $ | 123,207 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 4,997 |  |  | $ | 4,995 |
Junior subordinated debt |  |  | 9,279 |  |  |  | 9,279 |
Other liabilities |  |  | 535 |  |  |  | 573 |
Total liabilities |  | $ | 14,811 |  |  | $ | 14,847 |
Preferred stock |  | $ | — |  |  | $ | — |
Common stock |  |  | 7,829 |  |  |  | 7,831 |
Surplus |  |  | 32,950 |  |  |  | 32,716 |
Retained earnings |  |  | 94,198 |  |  |  | 90,284 |
Accumulated other comprehensive (loss), net |  |  | (18,706 | ) |  |  | (22,471 | )
Total shareholders’ equity |  | $ | 116,271 |  |  | $ | 108,360 |
Total liabilities and shareholders’ equity |  | $ | 131,082 |  |  | $ | 123,207 |
Condensed Income Statement [Table Text Block] |
|  | 2023 |  |  | 2022 |
Income |  |  |  |  |  |  |  |
Dividends from subsidiary |  | $ | 11,000 |  |  | $ | 6,000 |
Total income |  | $ | 11,000 |  |  | $ | 6,000 |
Expense |  |  |  |  |  |  |  |
Interest expense |  | $ | 548 |  |  | $ | 547 |
Supplies |  |  | 2 |  |  |  | 5 |
Legal and professional fees |  |  | 262 |  |  |  | 209 |
Data processing |  |  | 60 |  |  |  | 47 |
Management fee-subsidiary |  |  | 369 |  |  |  | 469 |
Other expense |  |  | 85 |  |  |  | 70 |
Total expense |  | $ | 1,326 |  |  | $ | 1,347 |
Income before allocated tax benefits and undistributed income of subsidiary |  | $ | 9,674 |  |  | $ | 4,653 |
Allocated income tax benefit |  |  | 278 |  |  |  | 283 |
Income before equity in undistributed income of subsidiary |  | $ | 9,952 |  |  | $ | 4,936 |
Equity in undistributed (loss) income of subsidiary |  |  | (328 | ) |  |  | 11,861 |
Net income |  | $ | 9,624 |  |  | $ | 16,797 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2023 |  |  | 2022 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |
Net income |  | $ | 9,624 |  |  | $ | 16,797 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiary |  |  | 328 |  |  |  | (11,861 | )
Stock-based compensation |  |  | 753 |  |  |  | 785 |
Amortization of debt issuance costs |  |  | 2 |  |  |  | 2 |
(Increase) decrease in other assets |  |  | (360 | ) |  |  | 4,969 |
Increase (decrease) increase in other liabilities |  |  | 2 |  |  |  | (3 | )
Net cash provided by operating activities |  | $ | 10,349 |  |  | $ | 10,689 |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |
Redemption of subordinated debt, net of issuance costs |  | $ | — |  |  | $ | (5,000 | )
Cash dividends paid on common stock, net of reinvestment |  |  | (3,597 | ) |  |  | (3,308 | )
Repurchase of common stock |  |  | (682 | ) |  |  | (183 | )
Net cash (used in) financing activities |  | $ | (4,279 | ) |  | $ | (8,491 | )
Increase (decrease) in cash and cash equivalents |  | $ | 6,070 |  |  | $ | 2,198 |
Cash and Cash Equivalents |  |  |  |  |  |  |  |
Beginning |  |  | 9,501 |  |  |  | 7,303 |
Ending |  | $ | 15,571 |  |  | $ | 9,501 |

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