Note 1 - Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2021

Notes Tables

Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]

Consolidated Balance Sheet
As of December 31, 2020	As Reported		Adjustment			As Revised
Loans receivable	$	966,578	$	(1,432	)	$	965,146
Net loans receivable		954,120		(1,432	)		952,688
Other assets		13,681		199			13,880
Total assets		1,497,525		(1,233	)		1,496,292
Retained earnings		112,494		(1,233	)		111,261
Total shareholders' equity		152,922		(1,233	)		151,689
Total liabilities and Stockholders' equity		1,497,525		(1,233	)		1,496,292

Consolidated Statement of Operations
Three months ended June 30, 2020	As Reported		Adjustment			As Revised
Compensation and benefits	$	5,371	$	249		$	5,620
Total noninterest expense		9,764		249			10,013
Income before income tax expense		6,189		(249	)		5,940
Income tax expenses		1,126		(37	)		1,089
Net income		5,063		(212	)		4,851
Earnings per common share:
Basic		1.46		(0.06	)		1.40
Diluted		1.46		(0.06	)		1.40

Six months ended June 30, 2020	As Reported		Adjustment			As Revised
Compensation and benefits	$	10,588	$	342		$	10,930
Total noninterest expense		19,763		342			20,105
Income before income tax expense		9,893		(342	)		9,551
Income tax expenses		1,638		(51	)		1,587
Net income		8,255		(291	)		7,964
Earnings per common share:
Basic		2.39		(0.09	)		2.30
Diluted		2.39		(0.09	)		2.30

Consolidated Statements of Comprehensive Income
Three months ended June 30, 2020	As Reported		Adjustment			As Revised
Net income	$	5,063	$	(212	)	$	4,851
Comprehensive income, net of tax		5,491		(212	)		5,279

Six months ended June 30, 2020	As Reported		Adjustment			As Revised
Net income	$	8,255	$	(291	)	$	7,964
Comprehensive income, net of tax		13,108		(291	)		12,817

Consolidated Statements of Changes in Stockholders' Equity
Balance at January 1, 2020	As Reported		Adjustment			As Revised
Retained earnings	$	100,185	$	(561	)	$	99,624
Total equity		134,103		(561	)		133,542
For the quarter ending March 31, 2020
Net income		3,192		(79	)		3,113
Retained earnings		102,303		(640	)		101,663
Total equity		140,655		(640	)		140,015
For the quarter ending June 30, 2020
Net income		5,063		(212	)		4,851
Retained earnings		106,293		(852	)		105,441
Total equity		145,181		(852	)		144,329
Balance at January 1, 2021
Retained earnings		112,494		(1,233	)		111,261
Total equity		152,922		(1,233	)		151,689
For the quarter ending March 31, 2021
Net income		4,679		(136	)		4,543
Retained earnings		116,094		(1,369	)		114,725
Total equity		150,139		(1,369	)		148,770

Consolidated Statements of Cash Flows
Six months ended June 30, 2020	As Reported			Adjustment			As Revised
Net income	$	8,255		$	(291	)	$	7,964
Net change in other assets		(1,657	)		(51	)		(1,708	)
Net cash - operating activities		11,239			(342	)		10,897
Net change in loan		(70,553	)		342			(70,211	)
Net cash - investing activities		(85,976	)		342			(85,634	)