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Note 2 - Acquisition Activity (Tables) | 12 Months Ended
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Dec. 31, 2023
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
ASSETS |  |  |  |
Cash and due from banks |  | $ | 52,524 |
Investment securities, available for sale |  |  | - |
Certificate of deposit in other financial institutions |  |  | 245 |
Total Loans |  |  | 450,757 |
Premises and equipment, net |  |  | 13,896 |
FHLB stock |  |  | 1,303 |
Goodwill |  |  | 11,286 |
Core deposit intangible |  |  | 3,220 |
Interest receivable |  |  | 1,836 |
Other assets |  |  | 7,978 |
Total assets purchased |  | $ | 543,045 |
Common shares issued |  |  | 37,981 |
Cash paid |  |  | 18,725 |
Total purchase price |  | $ | 56,706 |
LIABILITIES |  |  |  |
Deposits |  |  |  |
Non-interest bearing |  | $ | 32,095 |
NOW accounts |  |  | 63,639 |
Savings and money market |  |  | 184,149 |
Certificates of deposits |  |  | 195,153 |
Total Deposits |  |  | 475,036 |
Interest payable |  |  | 75 |
Other liabilities |  |  | 11,228 |
Total liabilities assumed |  | $ | 486,339 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | For the twelve months ended |  |  | For the twelve months ended |
(in thousands) |  | December 31, 2023 |  |  | December 31, 2022 |
Selected Financial Data |  |  |  |  |  |  |  |
Interest income |  | $ | 85,783 |  |  | $ | 73,730 |
Interest expense |  |  | (31,228 | ) |  |  | (4,987 | )
Provision for loan losses |  |  | (2,025 | ) |  |  | - |
Non-interest income |  |  | 10,746 |  |  |  | 11,648 |
Non-interest expense (1) |  |  | (55,231 | ) |  |  | (60,228 | )
Income before provision for income taxes |  |  | 8,045 |  |  |  | 20,163 |
Income tax expense |  |  | 335 |  |  |  | (2,235 | )
Net income |  | $ | 8,380 |  |  | $ | 17,928 |
Earnings per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.96 |  |  | $ | 4.29 |
Diluted |  | $ | 1.96 |  |  | $ | 4.28 |
Business Combination, Separately Recognized Transactions [Table Text Block] |
(in thousands) |  | Twelve months ended |
Noninterest expense: |  | December 31, 2022 |
Compensation and benefits |  | $ | 132 |
Data processing |  |  | 1,929 |
Marketing |  |  | 135 |
Other |  |  | 656 |
Period merger expense |  | $ | 2,852 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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