Note 2 - Business Combinations (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

	December 31, 2023		Adjustments			December 31, 2024
Consideration:
Cash consideration	$	9,475		—			9,475
Common stock (2,042,598 shares issued at $13.99 per share)		28,576		—			28,576
Fair value of total consideration transferred		38,051		—			38,051
Identifiable Assets Acquired:
Cash and cash equivalents		11,368		—			11,368
Debt securities, available-for-sale		5,210		—			5,210
Federal Home Loan Bank stock		7,508		—			7,508
Loans, net		236,692		(732	)		235,960
Premises and equipment		2,767		—			2,767
Operating lease right-of-use assets		64		—			64
Core deposit and other intangibles		8,391		—			8,391
Bank owned life insurance		4,413		—			4,413
Deferred income taxes		4,451		82			4,533
Other assets		12,950		122			13,072
Total identifiable assets acquired		293,814		(528	)		293,286
Liabilities Assumed:
Deposits		210,532		—			210,532
Short-term borrowings		55,999		—			55,999
Long-term debt		5,963		—			5,963
Operating lease liabilities		68		(4	)		64
Other liabilities		3,489		—			3,489
Total liabilities assumed		276,051		(4	)		276,047
Total Identifiable Net Assets Acquired		17,763		(524	)		17,239
Goodwill Resulting From Merger	$	20,288		524			20,812

	June 30, 2024		Adjustments			December 31, 2024
Consideration:
Cash consideration	$	10,256		(83	)		10,173
Common stock (868,001 shares issued at $14.04 per share)		12,891		(704	)		12,187
Fair value of total consideration transferred		23,147		(787	)		22,360
Identifiable Assets Acquired:
Cash and cash equivalents		8,029		—			8,029
Debt securities, available-for-sale		698		—			698
Federal Home Loan Bank stock		4,334		—			4,334
Loans, net		127,700		—			127,700
Premises and equipment		3,427		—			3,427
Operating lease right-of-use assets		48		—			48
Core deposit and other intangibles		3,760		—			3,760
Bank owned life insurance		3,004		—			3,004
Deferred income taxes		1,813		2,453			4,266
Other assets		2,590		482			3,072
Total identifiable assets acquired		155,403		2,935			158,338
Liabilities Assumed:
Deposits		132,435		—			132,435
Short-term borrowings		13,000		—			13,000
Operating lease liabilities		48		—			48
Other liabilities		773		(1	)		772
Total liabilities assumed		146,256		(1	)		146,255
Total Identifiable Net Assets Acquired		9,147		2,936			12,083
Goodwill Resulting From Merger	$	14,000		(3,723	)		10,277