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Note 15 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Dollars in thousands

 

2022

  

2021

  

2020

 

Current

            

Federal

 $12,222  $10,189  $10,189 

State

  1,654   1,210   1,440 
   13,876   11,399   11,629 

Deferred

            

Federal

  191   231   (3,673)

State

  27   33   (528)
   218   264   (4,201)

Total

 $14,094  $11,663  $7,428 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

2022

  

2021

  

2020

 

Dollars in thousands

 

Amount

  

Percent

  

Amount

  

Percent

  

Amount

  

Percent

 

Computed tax at applicable statutory rate

 $14,135   21  $12,054   21  $8,138   21 

Increase (decrease) in taxes resulting from:

                        

Tax-exempt interest and dividends, net

  (1,005)  (2)  (829)  (1)  (788)  (2)

Low-income housing and rehabilitation tax credits

  (214)     (206)     (248)  (1)

State income taxes, net of Federal income tax benefit

  1,328   2   982   2   720   2 

Other, net

  (150)     (338)  (1)  (394)  (1)

Applicable income taxes

 $14,094   21  $11,663   21  $7,428   19 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Dollars in thousands

 

2022

  

2021

 

Deferred tax assets

        

Allowance for credit losses

 $11,003  $9,497 

Foreclosed properties

  789   2,089 

Deferred compensation

  4,830   4,803 

Other deferred costs and accrued expenses

  1,096   970 

Net unrealized loss on debt securities available for sale

  11,968    

Net unrealized loss on equity investments

  17    

Net unrealized loss on derivative financial instruments

      

Total

  29,703   17,359 

Deferred tax liabilities

        

Depreciation

  726   630 

Accretion on tax-exempt securities

  8   9 

Net unrealized gain on debt securities available for sale

     590 

Net unrealized gain on interest rate swaps

  8,299   1,136 

Other post-retirement benefits

  46   12 

Acquisition accounting adjustments and goodwill

  2,944   2,440 

Total

  12,023   4,817 

Net deferred tax assets

 $17,680  $12,542