Note 19 - Business Combinations - Acquisition of Conerstone Community Bancorp (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block]

Identifiable Assets:		( in thousands)
Cash and cash equivalents		$	51,916
Investment Securities			88,067
Loans			462,489
Core deposit intangible			11,610
Bank premises and equipment			12,567
Bank owned life insurance			16,399
Other assets			16,300
Total identifiable assets acquired		$	659,348

Liabilities:
Deposits:
Non-interest bearing		$	88,557
Interest bearing
Savings accounts			21,797
Money market accounts			334,289
Time accounts			136,239
Total deposits			580,882

FHLB borrowings			15,000
Subordinated debentures			11,623
Other liabilities			9,240
Total liabilities assumed		$	616,745

Net identifiable assets		$	42,603

		( in thousands)
Book value of net assets acquired from Cornerstone		$	41,727

Fair value adjustments:
Loans (net of Cornerstone's deferred costs/fees and allowance)			(9,152	)
Bank premises and equipment			(1,123	)
Core deposit intangible asset			11,610
Subordinated debentures			379
Time Deposits			(556	)
Other			(317	)
Total purchase accounting adjustments		$	841
Deferred tax asset (tax effect of purchase accounting adjustments at 29.56% plus tax on cash paid on termination of stock options)			35
Fair value of net identifiable assets acquired from Cornerstone		$	42,603

Merger consideration (cash payments of $16.1 million and $45.2 million in stock)			61,316
Less: fair value of net assets acquired from Cornerstone			(42,603	)
Goodwill recognized		$	18,713

Purchased Financial Assets with Credit Deterioration [Table Text Block]

Par value of Acquired PCD Loans		$	34,115
Less Credit Mark (ACL)			(315	)
Less: Interest Mark (Non-Credit Discount)			(3,609	)
Fair Value (Purchase Price)		$	30,191

Business Combination, Pro Forma Information [Table Text Block]

Period Ended

Net

Interest

Income

Net Income

Year Ended December 31, 2025

$

97,464

$

37,220

Year Ended December 31, 2024

$

95,452

$

17,663

●	Amortization of acquired intangibles		$	2,197
●	Accretion of discount on loans		$	1,717
●	Accretion of premium on time deposits acquired		$	616
●	Amortization of discount on subordinated debentures		$	154
●	Income tax benefit of adjustments		$	5

Cornerstone Community Bancorp [Member]

Notes Tables

Purchased Financial Assets with Credit Deterioration [Table Text Block]

Par value of Acquired PCD Loans	$34,115
Less Credit Mark (ACL)	(315)
Less: Interest Mark (Non-Credit Discount)	(3,609)
Fair Value (Purchase Price)	$30,191