Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

	Year Ended December 31,
(Amounts in thousands)	2022		2021		2020
Current tax expense:
Federal	$	9,883	$	8,546	$	10,048
State		1,648		1,563		1,643
Total current tax expense		11,531		10,109		11,691
Deferred tax expense (benefit):
Federal		1,800		4,677		(1,266	)
State		164		574		(239	)
Total deferred tax expense (benefit)		1,964		5,251		(1,505	)
Total income tax expense	$	13,495	$	15,360	$	10,186

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

	Year Ended December 31,
	2022						2021						2020
	Amount			Percent			Amount			Percent			Amount			Percent
(Amounts in thousands)
Federal income tax at the statutory rate	$	12,633			21.00	%	$	13,971			21.00	%	$	9,683			21.00	%
State income tax, net of federal benefit		1,432			2.38	%		2,076			3.12	%		1,109			3.12	%
		14,065			23.38	%		16,047			24.12	%		10,792			24.12	%
Increase (decrease) resulting from:
Tax-exempt interest income		(347	)		(0.58	)%		(340	)		(0.51	)%		(500	)		(1.08	)%
Excess tax benefits		(24	)		(0.04	)%		(133	)		(0.20	)%		42			0.09	%
Bank owned life insurance		(68	)		(0.11	)%		(225	)		(0.34	)%		(139	)		(0.30	)%
Other items, net		(131	)		(0.22	)%		11			0.02	%		(9	)		(0.74	)%
Income tax at the effective tax rate	$	13,495			22.43	%	$	15,360			23.09	%	$	10,186			22.09	%

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

	December 31,
(Amounts in thousands)	2022			2021
Deferred tax assets
Allowance for loan losses	$	7,283		$	6,647
Unrealized losses on available-for-sale securities		4,153			—
Unrealized asset losses		503			482
Purchase accounting		148			455
FDIC assisted transactions		588			810
Deferred loan fees		2,074			2,350
Deferred compensation assets		5,035			5,634
Federal net operating loss carryforward		1,223			2,179
Lease liability		160			184
Other		707			472
Total deferred tax assets		21,874			19,213
Deferred tax liabilities
Fixed assets		(755	)		(1,046	)
Intangible assets		(857	)		(318	)
Odd days interest deferral		(4,010	)		(3,324	)
Unrealized gains on available for sale securities		—			(4	)
Right of use asset		(155	)		(177	)
Other		(197	)		(192	)
Total deferred tax liabilities		(5,974	)		(5,061	)
Net deferred tax asset	$	15,900		$	14,152