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Note 10 - Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes Tables |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|  | For the years ended December 31, |
|  | 2022 |  |  | 2021 |
Current expense |  | $ | 3,578 |  |  | $ | 2,320 |
Deferred expense |  |  | (237 | ) |  |  | 28 |
Total income tax expense |  | $ | 3,341 |  |  | $ | 2,348 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|  | For the years ended December 31, |
|  | 2022 |  |  | 2021 |
Expense computed at the statutory federal tax rate |  | $ | 2,905 |  |  | $ | 2,048 |
State and local taxes, net of federal income tax effect |  |  | 501 |  |  |  | 504 |
Other, net |  |  | (65 | ) |  |  | (4 | )
Valuation allowance for deferred tax assets |  |  | — |  |  |  | (200 | )
|  | $ | 3,341 |  |  | $ | 2,348 |
Effective income tax rate |  |  | 24.15 | % |  |  | 24.07 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Gross deferred tax assets |  |  |  |  |  |  |  |
Allowance for loan losses |  | $ | 2,114 |  |  | $ | 1,798 |
Alternative minimum tax and net operating loss carryforwards |  |  | 3,886 |  |  |  | 3,938 |
Lease liability |  |  | 964 |  |  |  | 1,306 |
Other |  |  | 1,231 |  |  |  | 854 |
Unrealized loss on securities |  |  | 2,147 |  |  |  | — |
|  |  | 10,342 |  |  |  | 7,896 |
Gross deferred tax liabilities |  |  |  |  |  |  |  |
Net deferred loan origination costs |  |  | (1,095 | ) |  |  | (808 | )
Purchase accounting adjustments |  |  | (1,421 | ) |  |  | (1,516 | )
Right of use asset |  |  | (964 | ) |  |  | (1,306 | )
Fixed assets |  |  | (1,061 | ) |  |  | (800 | )
Other |  |  | (626 | ) |  |  | (675 | )
Unrealized gain on securities |  |  | — |  |  |  | (29 | )
|  |  | (5,167 | ) |  |  | (5,134 | )
|  | $ | 5,175 |  |  | $ | 2,762 |
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] |
|  | December 31, |
|  | 2022 |  |  | 2021 |
Beginning of year |  | $ | 283 |  |  | $ | 277 |
Additions based on tax positions related to the current year |  |  | 67 |  |  |  | 34 |
Additions for tax positions of prior years |  |  | 6 |  |  |  | 10 |
Reductions due to the statute of limitations and reductions for tax positions of prior years |  |  | (51 | ) |  |  | (38 | )
End of year |  | $ | 305 |  |  | $ | 283 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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