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

Year Ended December 31,

 

2025

  

2024

 
         

Current tax expense

 $642  $1,017 

Deferred tax expense (benefit)

  118   (123)
         

Total Provision

 $760  $894 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

December 31,

 

2025

  

2024

 
         

Deferred tax assets:

        

Allowance for credit losses

 $2,231  $999 

Deferred compensation

  663   520 

Purchase accounting adjustments on loans

  3,524   - 

Purchase accounting adjustments on securities

  1,406   - 

Core contract termination

  713   - 

Net Unrealized losses on securities

  302   1,193 

Other

  182   - 
         

Total

  9,021   2,712 
         

Deferred tax liabilities:

        

Premises and equipment

  283   176 

Purchase accounting adjustments on premises

  616   - 

Purchase accounting adjustments on deposits and borrowings

  165   - 

Core deposit intangible

  2,846   - 

Purchase accounting adjustments on intangible assets

  440   - 

Deferred loan origination costs

  93   92 

Other

  442   197 
         

Total

  4,885   465 
         

Net Deferred Tax Asset

 $4,136  $2,247 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
  

2025

  

2024

 
  

Amount

  

Percentage

  

Amount

  

Percentage

 
                 

Provision at statutory rate

 $4,966   21.0% $1,129   21.0%

Tax-exempt interest

  (438)  (1.9)  (342)  (6.4)

Nondeductible interest expense

  56   0.2   66   1.2 

Bank owned life insurance

  (88)  (0.4)  (54)  (1.0)

Bargain purchase gain

  (3,844)  (16.3)  -   - 

Nondeductible merger expenses

  172   0.7   113   2.1 

Other, net

  (64)  (0.3)  (18)  (0.3)
                 

Applicable Income Taxes and Effective Rates

 $760   3.0% $894   16.6%