Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

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

	Year Ended December 31,
(Amounts in thousands)	2019			2018		2017
Current tax expense (benefit):
Federal	$	9,603		$	7,201	$	14,509
State		1,554			1,233		926
Total current tax expense		11,157			8,434		15,435
Deferred tax expense (benefit):
Federal		(152	)		296		5,205
State		(11	)		52		(12	)
Total deferred tax expense (benefit)		(163	)		348		5,193
Total income tax expense	$	10,994		$	8,782	$	20,628

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

	Year Ended December 31,
	2019						2018						2017
	Amount			Percent			Amount			Percent			Amount			Percent
(Amounts in thousands)
Federal income tax at the statutory rate	$	10,457			21.00	%	$	9,475			21.00	%	$	14,739			35.00	%
State income tax, net of federal benefit		1,220			3.12	%		1,016			2.25	%		692			1.64	%
		11,677			24.12	%		10,491			23.25	%		15,431			36.64	%
Increase (decrease) resulting from:
Tax-exempt interest income		(637	)		(1.28	)%		(702	)		-1.56	%		(1,228	)		-2.92	%
Nondeductible goodwill impairment and disposition		-			0.00	%		569			1.26	%		-			0.00	%
Bank owned life insurance		(249	)		(0.50	)%		(144	)		-0.32	%		(478	)		-1.13	%
Deferred tax revaluation		(98	)		(0.20	)%		(1,669	)		-3.70	%		6,552			15.56	%
Other items, net		301			0.10	%		237			0.53	%		351			0.83	%
Income tax at the effective tax rate	$	10,994			22.24	%	$	8,782			19.46	%	$	20,628			48.98	%

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

	December 31,
(Amounts in thousands)	2019		2018
Deferred tax assets
Allowance for loan losses	$	4,312	$	4,275
Unrealized losses on available-for-sale securities		-		87
Unrealized asset losses		540		730
Purchase accounting		3,689		24
FDIC assisted transactions		1,597		1,510
Intangible assets		745		2,430
Deferred compensation assets		4,079		3,468
Federal net operating loss carryforward		4,279		-
Deferred loan fees		1,247		1,201
Other		1,746		491
Total deferred tax assets		22,234		14,216
Deferred tax liabilities
FDIC indemnification asset		675		1,195
Fixed assets		1,080		1,381
Odd days interest deferral		1,912		1,614
Unrealized gains on available for sale securities		230		-
Other		399		460
Total deferred tax liabilities		4,296		4,650
Net deferred tax asset	$	17,938	$	9,566