Note 2 - Business Combinations (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

The following table summarizes the consideration paid for NUBC and the amounts of the assets acquired and liabilities assumed
recognized at the acquisition date of August 1, 2025:
(in thousands, Except Share and Per Share Data)
Purchase Price Consideration
Mifflinburg Bancorp, Inc. shares to be issued		1,546,725
Per share value assigned to shares issued	$	26.00
Total purchase price assigned to shares issued				$	40,215
Cash in lieu of fractional shares					3
Dissenter's shares (1)		6,493
Fair value of Dissenter's shares	$	28.80
Total fair value of Dissenter's shares					187
Fair value of total consideration transferred				$	40,405
Recognized amounts of identifiable assets acquired and liabilities assumed, at fair value
Cash and cash equivalents	$	43,589
Securities, available for sale		165,660
Loans held for sale		61
Loans gross		427,066
Allowance for credit losses		(725	)
Loans, net of allowance		426,341
Bank owned life insurance		14,848
Premises		9,226
Furniture, fixtures and equipment		515
Accrued interest receivable		2,261
Restricted investment in bank stock		2,948
Deferred tax asset		2,849
Core deposit intangible		14,662
Customer list intangibles		1,406
Operating lease right of use asset		132
Other assets		3,679
Total identifiable assets acquired at fair value	$	688,177
Deposits	$	597,060
Borrowings		20,117
Subordinated debt		9,753
Accrued interest payable		554
Operating lease liability		132
Other liabilities		2,329
Total liabilities assumed	$	629,945
Total identifiable net assets, at fair value				$	58,232
Preliminary bargain purchase gain				$	17,827

Northumberland Bancorp [Member]

Notes Tables

Debt Securities, Available-for-Sale [Table Text Block]

August 1, 2025
(Dollars in Thousands)	PCD Loans			Non-PCD Loans
Number of loans		379			5,023
NUBC recorded value	$	53,676		$	392,745
Discount for credit risk		(194	)		(4,474	)
Discount for non-credit factors		(1,238	)		(13,396	)
Fair value	$	52,244		$	374,875