Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

Dollars in thousands	2023			2022		2021
Current
Federal	$	13,432		$	12,222	$	10,189
State		2,034			1,654		1,210
		15,466			13,876		11,399
Deferred
Federal		(265	)		191		231
State		(38	)		27		33
		(303	)		218		264
Total	$	15,163		$	14,094	$	11,663

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

	2023						2022						2021
Dollars in thousands	Amount			Percent			Amount			Percent			Amount			Percent
Computed tax at applicable statutory rate	$	14,784			21		$	14,135			21		$	12,054			21
Increase (decrease) in taxes resulting from:
Tax-exempt interest and dividends, net		(1,216	)		(2	)		(1,005	)		(2	)		(829	)		(1	)
Low-income housing and rehabilitation tax credits		(200	)		—			(214	)		—			(206	)		—
State income taxes, net of Federal income tax benefit		1,577			2			1,328			2			982			2
Other, net		218			—			(150	)		—			(338	)		(1	)
Applicable income taxes	$	15,163			21		$	14,094			21		$	11,663			21

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

Dollars in thousands	2023		2022
Deferred tax assets
Allowance for credit losses	$	13,400	$	11,003
Foreclosed properties		504		789
Deferred compensation		5,156		4,830
Other deferred costs and accrued expenses		1,343		1,096
Lease liability		2,141		—
Net unrealized loss on debt securities available for sale		9,224		11,968
Net unrealized loss on equity investments		49		17
Acquisition accounting adjustments and goodwill		434		—
Total		32,251		29,703
Deferred tax liabilities
Depreciation		627		726
Accretion on tax-exempt securities		73		8
Right of use asset		2,088		—
Net unrealized gain on interest rate swaps		6,811		8,299
Other post-retirement benefits		52		46
Acquisition accounting adjustments and goodwill		—		2,944
Total		9,651		12,023
Net deferred tax assets	$	22,600	$	17,680