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Note 8 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Provision at statutory tax rates $ 879 $ 706
Provision at statutory tax rates, percentage 21.00% 21.00%
Tax effects of tax-free interest income $ (263) $ (212)
Tax effects of tax free interest income, percentage (6.30%) (6.31%)
Non-deductible interest expense $ 113 $ 21
Non-deductible interest expense, percentage 2.70% 0.63%
Bank-owned life insurance $ (90) $ (41)
Bank-owned life insurance, percentage (2.16%) (1.22%)
Unrealized losses on equity securities $ 87 $ 107
Unrealized losses on equity securities, percentage 2.07% 3.18%
Other items, net $ (74) $ 116
Other items, net, percentage (1.73%) 3.45%
Income tax provision $ 652 $ 697
Income tax provision, percentage 15.58% 20.74%