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Note 27 - Parent Company Only Financial Statements (Tables)

12 Months Ended

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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Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

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-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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+ References

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-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-SubTopic 10
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-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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