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Note 28 - Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Condensed Balance Sheet [Table Text Block] |
|  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |  |
Cash |  | $ | 29,130 |  |  | $ | 15,572 |
Investment in subsidiaries, at cost, plus undistributed net income |  |  | 161,653 |  |  |  | 112,317 |
Other assets |  |  | 7,586 |  |  |  | 3,193 |
Total assets |  | $ | 198,369 |  |  | $ | 131,082 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 21,175 |  |  | $ | 4,997 |
Junior subordinated debt |  |  | 9,279 |  |  |  | 9,279 |
Other liabilities |  |  | 1,385 |  |  |  | 535 |
Total liabilities |  | $ | 31,839 |  |  | $ | 14,811 |
Preferred stock |  | $ | — |  |  | $ | — |
Common stock |  |  | 11,218 |  |  |  | 7,829 |
Surplus |  |  | 77,058 |  |  |  | 32,950 |
Retained earnings |  |  | 96,947 |  |  |  | 94,198 |
Accumulated other comprehensive (loss), net |  |  | (18,693 | ) |  |  | (18,706 | )
Total shareholders’ equity |  | $ | 166,530 |  |  | $ | 116,271 |
Total liabilities and shareholders’ equity |  | $ | 198,369 |  |  | $ | 131,082 |
Condensed Income Statement [Table Text Block] |
|  | 2024 |  |  | 2023 |
Income |  |  |  |  |  |  |  |
Dividends from subsidiary |  | $ | 18,000 |  |  | $ | 11,000 |
Other operating income |  |  | 40 |  |  |  |  |
Total income |  | $ | 18,040 |  |  | $ | 11,000 |
Expense |  |  |  |  |  |  |  |
Interest expense |  | $ | 873 |  |  | $ | 548 |
Supplies |  |  | 83 |  |  |  | 2 |
Legal and professional fees |  |  | 340 |  |  |  | 262 |
Data processing |  |  | 107 |  |  |  | 60 |
Management fee-subsidiary |  |  | 368 |  |  |  | 369 |
Other expense |  |  | 122 |  |  |  | 85 |
Total expense |  | $ | 1,893 |  |  | $ | 1,326 |
Income before allocated tax benefits and undistributed income of subsidiary |  | $ | 16,147 |  |  | $ | 9,674 |
Allocated income tax benefit |  |  | 389 |  |  |  | 278 |
Income before equity in undistributed income of subsidiary |  | $ | 16,536 |  |  | $ | 9,952 |
Equity in undistributed (loss) income of subsidiary |  |  | (9,570 | ) |  |  | (328 | )
Net income |  | $ | 6,966 |  |  | $ | 9,624 |
Condensed Cash Flow Statement [Table Text Block] |
|  | 2024 |  |  | 2023 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |
Net income |  | $ | 6,966 |  |  | $ | 9,624 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed income of subsidiary |  |  | 9,570 |  |  |  | 328 |
Stock-based compensation |  |  | 635 |  |  |  | 753 |
Amortization of debt issuance costs |  |  | 2 |  |  |  | 2 |
Gain on sale of investment |  |  | (40 | ) |  |  | — |
(Increase) in other assets |  |  | (85 | ) |  |  | (359 | )
Increase increase in other liabilities |  |  | 296 |  |  |  | 2 |
Net cash provided by operating activities |  | $ | 17,344 |  |  | $ | 10,350 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |
Net cash paid in acquisition of Touchstone Bank |  | $ | (10 | ) |  | $ | — |
Proceeds from sale of investment |  |  | 368 |  |  |  | — |
Net cash provided by investing activities |  | $ | 358 |  |  | $ | — |
Cash Flows from Financing Activities |  |  |  |  |  |  |  |
Cash dividends paid on common stock, net of reinvestment |  | $ | (4,038 | ) |  | $ | (3,597 | )
Repurchase of common stock |  |  | (106 | ) |  |  | (682 | )
Net cash (used in) financing activities |  | $ | (4,144 | ) |  | $ | (4,279 | )
Increase in cash and cash equivalents |  | $ | 13,558 |  |  | $ | 6,071 |
Cash and Cash Equivalents |  |  |  |  |  |  |  |
Beginning |  |  | 15,572 |  |  |  | 9,501 |
Ending |  | $ | 29,130 |  |  | $ | 15,572 |

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