Note 2 - Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Consideration Paid:
Common shares issued (2,361,686)	$	82,470
Issuance of replacement stock options/restricted stock		753
Cash paid in lieu of fractional shares		27
Value of consideration		83,250
Assets acquired:
Cash and cash equivalents		26,283
Investment securities		34,876
Restricted stock		2,588
Loans		444,324
Premises and equipment		12,034
Deferred income taxes		2,960
Core deposit intangible		8,200
Other real estate owned		1,188
Bank owned life insurance		8,246
Other assets		14,244
Total assets		554,943
Liabilities assumed:
Deposits		483,626
Short-term FHLB advances		14,883
Long-term FHLB advances		778
Subordinated debt		7,530
Other liabilities		6,052
Total liabilities		512,869
Net assets acquired		42,074
Goodwill resulting from merger with HomeTown	$	41,176

Schedule of Goodwill [Table Text Block]

Goodwill at December 31, 2019	$	40,130
Effect of adjustments to:
Premises and equipment		520
Other real estate owned		254
Other liabilities		272
Goodwill at June 30, 2020	$	41,176

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

Contractually required principal and interest at acquisition	$	45,551
Contractual cash flows not expected to be collected (nonaccretable difference)		8,296
Expected cash flows at acquisition		37,255
Interest component of expected cash flows (accretable yield)		4,410
Fair value of acquired loans accounted for under FASB ASC 310-30	$	32,845

Business Acquisition, Pro Forma Information [Table Text Block]

	Unaudited Pro forma Three Months Ended
	June 30, 2019
Total revenues (1)	$	24,671
Net income		7,506

	Unaudited Pro forma Six Months Ended
	June 30, 2019
Total revenues (1)	$	45,768
Net income		13,382