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Note 8 - Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 31, 2026
Notes to Financial Statements |
Comprehensive Income (Loss) Note [Text Block] | NOTE 8 – OTHER COMPREHENSIVE INCOME (LOSS) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the shareholders' equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income. The components of other comprehensive income (loss) and related tax effects are as follows for the three months ended March 31, 2026 and 2025:
|  | Three months ended |
|  | March 31, |
|  | 2026 |  |  | 2025 |
|  | (in thousands) |
Available-for-sale securities: |  |  |  |  |  |  |  |
Change in fair value of available-for-sale securities |  | $ | 9 |  |  | $ | 73 |
Reclassification adjustment for realized gains in net income |  |  | — |  |  |  | — |
Total |  |  | 9 |  |  |  | 73 |
Income tax expense |  |  | (2 | ) |  |  | (20 | )
Net-of-tax amount |  |  | 7 |  |  |  | 53 |
Cash flow hedges: |  |  |  |  |  |  |  |
Change in fair value of cash flow hedges |  | $ | 1,016 |  |  | $ | (1,044 | )
Reclassification adjustment for cash flow hedge gains into net income |  |  | 20 |  |  |  | (96 | )
Total |  |  | 1,036 |  |  |  | (1,140 | )
Income tax (expense) benefit |  |  | (291 | ) |  |  | 320 |
Net-of-tax amount |  |  | 745 |  |  |  | (820 | )
Other comprehensive income (loss), net of tax |  | $ | 752 |  |  | $ | (767 | )
Accumulated other comprehensive loss as of March 31, 2026 and December 31, 2025 consists of unrecognized benefit costs, net of taxes, unrealized holding gains on securities available for sale, net of tax, and fair value of cash flow hedges, net of tax as follows:
|  | As of March 31, 2026 |  |  | As of December 31, 2025 |
|  | (in thousands) |
Net unrealized holding gain on securities available-for-sale, net of tax |  | $ | 180 |  |  | $ | 173 |
Unrecognized SERP gain, net of tax |  |  | 36 |  |  |  | 36 |
Unrecognized DFCP gain, net of tax |  |  | 45 |  |  |  | 45 |
Fair value of cash flow hedges, net of tax |  |  | (405 | ) |  |  | (1,150 | )
Accumulated other comprehensive loss |  | $ | (144 | ) |  | $ | (896 | )

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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