Note 3 - Mergers and Acquisitions - (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Purchase Price:
MBI Shares Outstanding at December 31, 2017	2,407,627
MBI Restricted Stock Awards Outstanding at December 31, 2017	1,480
MBI Shares Cashed Out Under Terms of Merger			2,409,107
Exchange Ratio			23.20
Cash Paid to Shareholders for Shares of Common Stock		$	55,891
MBI Stock Options Outstanding at December 31, 2017
17,822 Shares at $31.50 Less Strike Price
Cash Paid on MBI Options			296
Total Purchase Price		$	56,187
Net Assets Acquired:
Cash and Cash Equivalents		$	15,891
Securities Available for Sale			99,867
Loans and Leases Receivable			192,714
Premises and Equipment, Net			2,678
Cash Value of Life Insurance			741
Core Deposit Intangible			2,494
Other Assets			3,055
Total Assets			317,440
Deposits			263,951
Borrowings			21,047
Other Liabilities			1,858
Total Liabilities			286,856
Net Assets Acquired			30,584
Goodwill Resulting from Merger		$	25,603

Cost and Allocation of Purchase Price for Richland State Bancorp, Inc. (RSBI):
(Dollars in thousands, except per share data)
Purchase Price:
Shares Issued to RSBI Shareholders on December 1, 2018		1,679,559
Closing Stock Price on November 30, 2018		25.29
Total Purchase Price	$	42,476
Net Assets Acquired:
Cash and Cash Equivalents	$	40,648
Securities Available for Sale		63,823
Loans and Leases Receivable		190,802
Premises and Equipment, Net		5,282
Cash Value of Life Insurance		7,260
Core Deposit Intangible		3,947
Other Assets		4,668
Total Assets		316,430
Deposits		289,979
Other Liabilities		1,074
Total Liabilities		291,053
Net Assets Acquired		25,377
Goodwill Resulting from Merger	$	17,099

Business Acquisition, Pro Forma Information [Table Text Block]

	For The Year Ended December 31,
	2018		2017
	(Dollars in thousands)
	(except per share data)
Interest Income	$	88,277	$	79,230
Interest Expense		15,132		9,308
Net Interest Income		73,145		69,922
Provision for Loan Losses		2,590		4,237
Net Interest Income after Provision for Loan Losses		70,555		65,685
Noninterest Income		11,496		8,705
Noninterest Expense		58,520		52,184
Income Before Income Taxes		23,531		22,206
Income Tax Expense		4,506		8,676
Net Income	$	19,025	$	13,530
Earnings Per Common Share
Basic	$	1.50	$	1.03
Diluted	$	1.45	$	1.01