v3.26.1
Note 16 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
  

December 31,

 
  

2025

  

2024

  

2023

 

Current federal income tax expense

 $5,071  $3,352  $3,971 

Current state income tax expense

  260   143   129 

Deferred federal income tax expense

  (349)  659   (350)

Total income tax expense

 $4,982  $4,154  $3,750 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

December 31,

 
  

2025

  

2024

  

2023

 
  

Amount

  

Percent

  

Amount

  

Percent

  

Amount

  

Percent

 

Federal income tax based on statutory rate

 $5,856   21.0% $5,125   21.0% $4,290   21.0%

State taxes, net of federal income tax effects(1)

  204   0.7   143   0.6   129   0.6 

Nontaxable or nondeductible items:

                        

Tax-exempt interest

  (796)  (2.8)  (567)  (2.3)  (533)  (2.6)

BOLI impact

  (417)  (1.5)  (741)  (3.1)  (297)  (1.4)

Other

  137   0.5   188   0.8   88   0.4 

Other

  (2)     6      73   0.4 

Total income tax expense and effective tax rate, as reported

 $4,982   17.9% $4,154   17.0% $3,750   18.4%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
  

December 31,

 
  

2025

  

2024

 

Deferred tax liabilities:

        

Depreciation

 $(2,565) $(2,674)

FHLB stock dividend

  (120)  (90)

Basis difference in acquired assets and liabilities

  (988)  (1,029)

Operating lease ROU asset

  (372)  (428)

Other

  (158)  (94)

Gross deferred tax liability

  (4,203)  (4,315)
         

Deferred tax assets:

        

Allowance for credit losses

  5,623   5,620 

Unrealized loss on AFS securities

  9,666   13,085 

Deferred compensation

  1,145   1,169 

Basis difference in acquired assets and liabilities

  196   201 

Employee and director stock awards

  525   534 

Operating lease liability

  390   448 

Unearned loan fees

  333   208 

Other

  375   170 

Gross deferred tax asset

  18,253   21,435 

Net deferred tax asset

 $14,050  $17,120