Note 9 - Leases

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

NOTE 9 - LEASES

Lease expenses for offices are included in the consolidated condensed statements of income in net occupancy expense and lease expenses for equipment and ATMs are included in equipment expense. Components of lease expense for the three months ended March 31, 2025 and 2024 were as follows (in thousands):

	Three Months Ended
	March 31,
	2025		2024
Operating lease expense	$	252		226
Short-term lease expense		5		19
Variable lease expense		20		4
Other		11		7
Total lease expense	$	288		256

Other information related to leases at March 31, 2025 were as follows (dollars in thousands):

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	256
Right-of-use assets obtained in exchange for new operating lease liabilities	$	318
Weighted average remaining lease term in years for operating leases		33.0
Weighted average discount rate for operating leases		3.69	%