Note 12 - Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Condensed Balance Sheet [Table Text Block]

Condensed Balance Sheets	December 31,
	2024		2023
Assets
Cash due from subsidiaries	$	15,993	$	11,010
Investments in subsidiaries		140,234		129,731
Refundable income taxes		473		–
Other assets		760		655
Total assets	$	157,460	$	141,396
Liabilities and Stockholders’ Equity
Other liabilities	$	1,051	$	874
Stockholders’ equity		156,409		140,522
Total liabilities and stockholders’ equity	$	157,460	$	141,396

Condensed Income Statement [Table Text Block]

Condensed Statements of Income	Year Ended December 31,
	2024			2023
Income
Dividends from subsidiaries	$	20,000		$	12,000
Gain on sale of private equity investment		–			232
Total income		20,000			12,232
Expenses
Other expenses		4,461			2,142
Income before income tax benefit and equity in undistributed net income of    subsidiaries		15,539			10,090
Applicable income tax benefit		804			499
Income before (deficit) equity in undistributed net income of subsidiaries		16,343			10,589
(Deficit) equity in undistributed net income of subsidiaries		(8,720	)		5,102
Net income	$	7,623		$	15,691

Condensed Cash Flow Statement [Table Text Block]

Condensed Statements of Cash Flows	Year Ended December 31,
	2024			2023
Cash Flows from Operating Activities
Net income	$	7,623		$	15,691
Adjustments to reconcile net income to net cash provided by operating activities:
Deficit (equity) in undistributed net income of subsidiaries		8,720			(5,102	)
Net change in refundable income taxes due from subsidiaries		(473	)		70
Net change in other assets		250			38
Net change in other liabilities		177			170
Net cash provided by operating activities		16,297			10,867
Cash Flows from Investing Activities
Cash paid in acquisition		(2,050	)		–
Net cash used in investing activities		(2,050	)		–
Cash Flows from Financing Activities
Cash dividends paid		(9,264	)		(14,784	)
Net cash used in financing activities		(9,264	)		(14,784	)
Net change in cash		4,983			(3,917	)
Cash due from subsidiaries at beginning of year		11,010			14,927
Cash due from subsidiaries at end of year	$	15,993		$	11,010