XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.2
Note 14 - Income Taxes (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

Three months ended June 30,

 
   

2025

   

2024

 
           

Percent of

           

Percent of

 

(dollars in thousands)

 

Amount

   

Pretax Income

   

Amount

   

Pretax Income

 

Taxes at statutory federal income tax rate

  $ 5,535       21.0 %   $ 1,708       21.0 %

Tax effect of:

                               

Tax exempt income

    (498 )     (1.9 )%     (239 )     (2.9 )%

State income taxes, net of federal benefits

    1,392       5.3 %     398       4.9 %

Nondeductible items and other

    (325 )     (1.2 )%     56       0.7 %

Applicable income taxes

  $ 6,104       23.2 %   $ 1,923       23.7 %
   

Six months ended June 30,

 
   

2025

   

2024

 
           

Percent of

           

Percent of

 

(dollars in thousands)

 

Amount

   

Pretax Income

   

Amount

   

Pretax Income

 

Taxes at statutory federal income tax rate

  $ 9,222       21.0 %   $ 3,497       21.0 %

Tax effect of:

                               

Tax exempt income

    (955 )     (2.2 )%     (468 )     (2.8 )%

State income taxes, net of federal benefits

    2,185       5.0 %     812       4.9 %

Nondeductible items and other

    (103 )     (0.2 )%     173       1.0 %

Applicable income taxes

  $ 10,349       23.6 %   $ 4,014       24.1 %