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Note 12 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
   

2022

   

2021

   

2020

 
Current payable                        

Federal

  $ 993     $ 525     $ 872  

State

    487       340       382  
      1,480       865       1,254  
                         

Deferred tax expense

    401       566       498  
                         

Income tax expense

  $ 1,881     $ 1,431     $ 1,752  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

2022

   

2021

   

2020

 

Federal taxes based on statutory rate

  $ 2,415     $ 1,874     $ 1,823  

State income taxes, net of federal benefit

    384       336       326  

Tax-exempt investment interest

    (836

)

    (593

)

    (280

)

Income related to bank-owned life insurance

    (159

)

    (218

)

    (126 )

Other, net

    77       32       9  
                         

Income tax expense

  $ 1,881     $ 1,431     $ 1,752  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

2022

   

2021

 
Deferred tax assets                

Allowance for loan losses

  $ 1,313     $ 1,293  

Deferred compensation liability

    2,491       2,429  

Net operating loss carryforward

    -       94  

Other real estate owned

    261       469  

Acquisition fair value adjustments

    -       23  

Unrealized loss on securities available-for-sale

    27,617       3,921  

Other

    51       -  

Total

    31,733       8,229  
                 
Deferred tax liabilities                

Premises and equipment

    1,908       1,686  

Core deposit intangible

    102       130  

Other

    147       134  

Total

    2,159       1,950  

Net deferred tax asset

  $ 29,574     $ 6,279