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Note 23 - Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Condensed Financial Information of Parent Company Only, Statements of Financial Condition [Table Text Block]

Balance Sheets
(In thousands)

		As of December 31,
		2020				2019
Assets:
Cash and cash equivalents		$	2,994			$	3,847
Other assets			2,042				2,110
Investment in subsidiaries			105,603				92,879

		$	110,639			$	98,836

Liabilities and Equity:
Accrued expenses		$	-			$	-
Stockholders' equity			110,639				98,836

		$	110,639			$	98,836

Condensed Financial Information of Parent Company Only, Statement of Income [Table Text Block]

Statements of Income
(In thousands)

		Years Ended December 31,
		2020				2019				2018

Dividend income from subsidiaries		$	2,730			$	4,450			$	6,297
Other income			59				59				16
Income (loss) on equity securities			(194	)			32				(207	)
Other operating expenses			(824	)			(714	)			(587	)

Income before income taxes and equity in undistributed net income of shareholders			1,771				3,827				5,519

Income tax benefit			315				199				210

Income before equity in undistributed net income of subsidiaries			2,086				4,026				5,729
Equity in undistributed net income of subsidiaries			8,045				6,299				3,524

Net Income		$	10,131			$	10,325			$	9,253

Condensed Financial Information of Parent Company Only, Statements of Cash Flows [Table Text Block]

		Years Ended December 31,
		2020				2019				2018
Operating Activities:
Net income		$	10,131			$	10,325			$	9,253
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:
Equity in undistributed net income of subsidiaries			(8,045	)			(6,299	)			(3,524	)
Stock compensation expense			381				288				192
Unrealized (gain) loss on equity securities			194				(32	)			207
Net change in other assets and liabilities			(125	)			(40	)			(89	)
Net cash provided by operating activities			2,536				4,242				6,039

Investing Activities:
Purchase of equity investment			-				-				(1,922	)
Net cash used in investing activities			-				-				(1,922	)

Financing Activities:
Purchase of treasury stock			(13	)			(2	)			(32	)
Tax paid on stock award shares for employees			(134	)			(42	)			(2	)
Cash dividends paid			(3,242	)			(3,196	)			(3,088	)
Net cash used in financing activities			(3,389	)			(3,240	)			(3,122	)

Net increase (decrease) in cash and cash equivalents			(853	)			1,002				995

Cash and cash equivalents at beginning of year			3,847				2,845				1,850

Cash and cash equivalents at end of year		$	2,994			$	3,847			$	2,845