Note 25 - Condensed Parent Company Financial Statements (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
| Notes Tables |
|
| Condensed Balance Sheet [Table Text Block] |
| December 31, | | 2024 | | | 2023 | |
| ASSETS | | | | | | | | |
| Cash on deposit with subsidiary | | $ | 5,356 | | | $ | 3,616 | |
| Restricted securities, at cost | | | 5,362 | | | | 3,123 | |
| Investment in subsidiary | | | 269,239 | | | | 287,075 | |
| Other assets | | | 1,902 | | | | 1,190 | |
| Total Assets | | $ | 281,859 | | | $ | 295,004 | |
| Liabilities: | | | | | | | | |
| Other liabilities | | $ | 829 | | | $ | 845 | |
| Subordinated debt, net of debt issuance costs | | | 73,039 | | | | 72,642 | |
| Stockholders’ equity | | | 207,991 | | | | 221,517 | |
| Total Liabilities and Stockholders’ Equity | | $ | 281,859 | | | $ | 295,004 | |
|
| Condensed Income Statement [Table Text Block] |
| For the Year Ended December 31, | | 2024 | | | 2023 | | | 2022 | |
| Income | | | | | | | | | | | | |
| Dividends from subsidiary | | $ | 5,203 | | | $ | 5,166 | | | $ | 4,038 | |
| | | | | | | | | | | | | |
| Expenses | | | | | | | | | | | | |
| Subordinated debt interest expense | | | 3,255 | | | | 3,288 | | | | 2,936 | |
| Non-interest expense | | | 103 | | | | 42 | | | | 26 | |
| | | | | | | | | | | | | |
| Total expenses | | | 3,358 | | | | 3,330 | | | | 2,962 | |
| | | | | | | | | | | | | |
| Undistributed earnings of subsidiary | | | (12,733 | ) | | | 23,546 | | | | 24,797 | |
| Net income (loss) before income taxes | | $ | (10,888 | ) | | $ | 25,382 | | | $ | 25,873 | |
| Income tax (benefit) expense | | | (908 | ) | | | 1,203 | | | | 801 | |
| Net income (loss) | | $ | (9,980 | ) | | $ | 26,585 | | | $ | 26,674 | |
| Less: preferred stock dividends | | | (2,156 | ) | | | (2,156 | ) | | | (2,156 | ) |
| Net income (loss) available to common shareholders | | $ | (12,136 | ) | | $ | 24,429 | | | $ | 24,518 | |
|
| Condensed Cash Flow Statement [Table Text Block] |
| Year Ended December 31, | | 2024 | | | 2023 | | | 2022 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | | |
| Net income (loss) | | $ | (9,980 | ) | | $ | 26,585 | | | $ | 26,674 | |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | | | | | | | | | | | | |
| Equity in undistributed earnings (losses) of subsidiary | | | 12,733 | | | | (23,546 | ) | | | (24,797 | ) |
| Stock based compensation | | | 2,838 | | | | 2,491 | | | | 2,519 | |
| Depreciation, amortization, and accretion, net | | | 1,308 | | | | 397 | | | | 328 | |
| Decrease (increase) in other assets | | | 295 | | | | (1,063 | ) | | | 2,014 | |
| Increase (decrease) in other liabilities | | | (16 | ) | | | 829 | | | | (274 | ) |
| Net cash provided by operating activities | | | 7,178 | | | | 5,693 | | | | 6,464 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | | |
| Purchase of restricted equities | | | (3,504 | ) | | | (1,944 | ) | | | (1,430 | ) |
| Investment in bank subsidiary | | | 4,000 | | | | — | | | | (32,000 | ) |
| Net cash (used in) provided by investing activities | | | 496 | | | | (1,944 | ) | | | (33,430 | ) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | | |
| Repurchase of common stock | | | (732 | ) | | | (43 | ) | | | (6,918 | ) |
| Cash dividends paid on preferred stock | | | (2,156 | ) | | | (2,156 | ) | | | (2,156 | ) |
| Cash dividend paid on common stock | | | (3,046 | ) | | | (3,011 | ) | | | (1,882 | ) |
| Net increase in subordinated debt | | | — | | | | — | | | | 42,623 | |
| Net cash provided by (used in) financing activities | | | (5,934 | ) | | | (5,210 | ) | | | 31,667 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | | | 1,740 | | | | (1,461 | ) | | | 4,701 | |
| CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | | | 3,616 | | | | 5,077 | | | | 376 | |
| CASH AND CASH EQUIVALENTS, END OF YEAR | | $ | 5,356 | | | $ | 3,616 | | | $ | 5,077 | |
|