Note 7 - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

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

	Three months ended						Six months ended
	June 30,						June 30,
(in thousands)	2025			2024			2025			2024
Current income tax expense:
Federal	$	8,640		$	7,096		$	15,038		$	12,212
State		1,796			1,658			3,164			2,856
Total current income tax expense		10,436			8,754			18,202			15,068
Deferred income tax benefit:
Federal		(1,248	)		(857	)		(792	)		(270	)
State		(266	)		(227	)		(138	)		(60	)
Total deferred income tax benefit		(1,514	)		(1,084	)		(930	)		(330	)
Change in valuation allowance		-			-			-			-
Total income tax expense	$	8,922		$	7,670		$	17,272		$	14,738

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

	Three months ended						Six months ended
	June 30,						June 30,
	2025			2024			2025			2024
U.S. federal statutory income tax rate		21.00	%		21.00	%		21.00	%		21.00	%
State income taxes, net of federal benefit		2.81			3.21			2.83			3.20
Excess tax benefit from stock-based compensation arrangements		(0.24	)		0.09			(0.44	)		0.20
Change in cash surrender value of life insurance		(0.90	)		(0.45	)		(0.56	)		(0.70	)
Tax Credits		(2.54	)		(1.51	)		(2.62	)		(1.10	)
Tax exempt interest income		(0.33	)		(0.45	)		(0.34	)		(0.50	)
Other, net		0.97			(0.14	)		0.55			(0.50	)
Effective tax rate		20.77	%		21.75	%		20.42	%		21.60	%

Schedule of Unfunded Contributions [Table Text Block]

(dollars in thousands)	June 30, 2025
Remainder of 2025	$	46,710
2026		52,675
2027		23,367
2028		3,166
2029		1,439
Thereafter		7,444
Total unfunded contributions	$	134,801

Schedule Of Tax Credits And Other Tax Benefits Recognized And Amortization Expense Related To Tax Credit Partnerships [Table Text Block]

	Three months ended				Six months ended
	June 30,				June 30,
(in thousands)	2025		2024		2025		2024
Proportional amortization method:
Tax credits and other tax benefits recognized	$	5,705	$	3,469	$	11,409	$	7,122
Amortization expense in provision for income taxes		4,446		2,920		8,893		5,826