Note 13 - Income Taxes - (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2023		2022		2021
	(Dollars in thousands)
Provision for Current Taxes - Federal	$	17,491	$	12,969	$	13,008
Provision (Credit) for Deferred Taxes		2,052		1,368		(586	)
Total Provision for Income Taxes	$	19,543	$	14,337	$	12,422

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2023			2022			2021
	(Dollars in thousands)
Federal Statutory Income Tax	$	19,023		$	14,404		$	13,557
Tax Exempt Income		(188	)		(690	)		(815	)
Stock Based Compensation		197			16			(220	)
Goodwill Write-off for Branch Sale		32			-			35
Other - Net		479			607			(135	)
Total Provision for Income Taxes	$	19,543		$	14,337		$	12,422

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2023			2022
	(Dollars in thousands)
State NOL	$	2,885		$	2,285
State NOL Valuation Allowance		(2,885	)		(2,285	)
Net Operating Loss Carryforward		583			1,700
Unrealized Loss on Securities		17,835			20,040
Acquired Loans Fair Market Value Adjustment		2,596			5,705
Allowance for Loan Losses		8,539			8,067
Lease Liability		4,472			3,731
Deferred Compensation		2,231			1,589
Stock Awards		1,277			1,135
Other		1,156			940
Deferred Tax Assets		38,689			42,907
Right of Use Asset		4,402			3,693
Core Deposit Intangible		2,513			2,967
Depreciation		2,409			2,512
Acquired Securities Difference in Basis		1,209			1,477
Other		833			1,064
Deferred Tax Liabilities		11,366			11,713
Net Deferred Tax Asset	$	27,323		$	31,194