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Note 23 - Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

Balance Sheets
(In thousands)
		As of December 31,
		2022				2021
Assets:
Cash and cash equivalents		$	2,697			$	1,943
Other assets			2,816				3,178
Investment in subsidiaries			80,425				109,587

		$	85,938			$	114,708

Liabilities and Equity:
Accrued expenses		$	780			$	880
Stockholders' equity			85,158				113,828

		$	85,938			$	114,708

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

Statements of Income
(In thousands)
		Years Ended December 31,
		2022				2021				2020

Dividend income from subsidiaries		$	4,475			$	2,685			$	2,730
Other income			105				69				59
Income (loss) on equity securities			(414	)			328				(194	)
Other operating expenses			(825	)			(835	)			(824	)

Income before income taxes and equity in undistributed net income of shareholders			3,341				2,247				1,771

Income tax benefit			249				106				315

Income before equity in undistributed net income of subsidiaries			3,590				2,353				2,086
Equity in undistributed net income of subsidiaries			8,312				9,071				8,045

Net Income		$	11,902			$	11,424			$	10,131

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

Statements of Cash Flows
(In thousands)
		Years Ended December 31,
		2022				2021				2020
Operating Activities:
Net income		$	11,902			$	11,424			$	10,131
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities:
Equity in undistributed net income of subsidiaries			(8,312	)			(9,071	)			(8,045	)
Stock compensation expense			436				487				381
Unrealized (gain) loss on equity securities			414				(328	)			194
Net change in other assets and liabilities			(53	)			191				(125	)
Net cash provided by operating activities			4,387				2,703				2,536

Investing Activities:
Investment in technology fund			(100	)			(120	)			-
Net cash used in investing activities			(100	)			(120	)			-

Financing Activities:
Purchase of treasury stock			-				(40	)			(13	)
Tax paid on stock award shares for employees			(26	)			(85	)			(134	)
Cash dividends paid			(3,507	)			(3,509	)			(3,242	)
Net cash used in financing activities			(3,533	)			(3,634	)			(3,389	)

Net increase (decrease) in cash and cash equivalents			754				(1,051	)			(853	)

Cash and cash equivalents at beginning of year			1,943				2,994				3,847

Cash and cash equivalents at end of year		$	2,697			$	1,943			$	2,994