Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

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

	Year Ended December 31,
(Amounts in thousands)	2020			2019			2018
Current tax expense:
Federal	$	10,048		$	9,603		$	7,201
State		1,643			1,554			1,233
Total current tax expense		11,691			11,157			8,434
Deferred tax expense (benefit):
Federal		(1,266	)		(152	)		296
State		(239	)		(11	)		52
Total deferred tax expense (benefit)		(1,505	)		(163	)		348
Total income tax expense	$	10,186		$	10,994		$	8,782

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

	Year Ended December 31,
	2020						2019						2018
	Amount			Percent			Amount			Percent			Amount			Percent
(Amounts in thousands)
Federal income tax at the statutory rate	$	9,683			21.00	%	$	10,457			21.00	%	$	9,475			21.00	%
State income tax, net of federal benefit		1,109			3.12	%		1,220			3.12	%		1,016			2.25	%
		10,792			24.12	%		11,677			24.12	%		10,491			23.25	%
Increase (decrease) resulting from:
Tax-exempt interest income		(500	)		(1.51	)%		(637	)		(1.28	)%		(702	)		(1.56	)%
Nondeductible goodwill impairment and disposition		—			0.00	%		—			0.00	%		569			1.26	%
Bank owned life insurance		(139	)		(0.42	)%		(249	)		(0.50	)%		(144	)		(0.32	)%
Deferred tax revaluation		—			0.00	%		(98	)		(0.20	)%		(1,669	)		(3.70	)%
Other items, net		33			(0.10	)%		301			0.10	%		237			0.53	%
Income tax at the effective tax rate	$	10,186			22.09	%	$	10,994			22.24	%	$	8,782			19.46	%

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

	December 31,
(Amounts in thousands)	2020		2019
Deferred tax assets
Allowance for loan losses	$	6,128	$	4,312
Unrealized asset losses		545		540
Purchase accounting		2,559		3,689
FDIC assisted transactions		1,685		1,597
Intangible assets		217		745
Deferred compensation assets		4,048		4,079
Federal net operating loss carryforward		4,093		4,279
Deferred loan fees		2,401		1,247
Other		1,816		1,746
Total deferred tax assets		23,492		22,234
Deferred tax liabilities
FDIC indemnification asset		286		675
Fixed assets		2,450		1,080
Odd days interest deferral		1,482		1,912
Unrealized gains on available for sale securities		257		230
Other		287		399
Total deferred tax liabilities		4,762		4,296
Net deferred tax asset	$	18,730	$	17,938