Note 2 - Acquisition Activity (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

ASSETS
Cash and due from banks	$	52,524
Investment securities, available for sale		-
Certificate of deposit in other financial institutions		245
Total Loans		450,757
Premises and equipment, net		13,896
FHLB stock		1,303
Goodwill		11,286
Core deposit intangible		3,220
Interest receivable		1,836
Other assets		7,978
Total assets purchased	$	543,045
Common shares issued		37,981
Cash paid		18,725
Total purchase price	$	56,706

LIABILITIES
Deposits
Non-interest bearing	$	32,095
NOW accounts		63,639
Savings and money market		184,149
Certificates of deposits		195,153
Total Deposits		475,036
Interest payable		75
Other liabilities		11,228
Total liabilities assumed	$	486,339

Business Acquisition, Pro Forma Information [Table Text Block]

	For the twelve months ended			For the twelve months ended
(in thousands)	December 31, 2023			December 31, 2022
Selected Financial Data
Interest income	$	85,783		$	73,730
Interest expense		(31,228	)		(4,987	)
Provision for loan losses		(2,025	)		-
Non-interest income		10,746			11,648
Non-interest expense (1)		(55,231	)		(60,228	)
Income before provision for income taxes		8,045			20,163
Income tax expense		335			(2,235	)
Net income	$	8,380		$	17,928
Earnings per common share:
Basic	$	1.96		$	4.29
Diluted	$	1.96		$	4.28

Business Combination, Separately Recognized Transactions [Table Text Block]

(in thousands)	Twelve months ended
Noninterest expense:	December 31, 2022
Compensation and benefits	$	132
Data processing		1,929
Marketing		135
Other		656
Period merger expense	$	2,852