v3.26.1
Note 7 - Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
  

2026

 

Weighted-average expected life of stock options (in years)

  6.0 

Weighted-average risk free interest rate

  3.98%

Weighted-average annualized volatility

  35.8%

Weighted-average dividend yields

  2.60%

Weighted-average fair value of options granted during the six months ended June 30, 2026

 $16.03 
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
  

Shares

  

Weighted Average Exercise Price

  

Weighted Average Remaining Contractual Term in Years

  

Intrinsic Value

 

Options outstanding at January 1, 2025

  131,847  $22.58         

Options exercised

  (45,505)  22.64         

Options cancelled

  (3,200)  22.19         

Options outstanding at December 31, 2025

  83,142  $22.56         

Options cancelled

  (2,400) $24.40         

Options exercised

  (47,450)  23.24         

Options outstanding at June 30, 2026

  33,292  $21.45   1.3  $1,231,471 

Options exercisable at June 30, 2026

  33,292  $21.45   1.3  $1,231,471 
  

Shares

  

Weighted Average Exercise Price

  

Weighted Average Remaining Contractual Term in Years

  

Intrinsic Value

 

Options outstanding at January 1, 2025

  210,200  $32.55         

Options granted

  30,803   31.09         

Options cancelled

  (21,980)  32.41         

Options exercised

  (5,100)  31.36         

Options outstanding at December 31, 2025

  213,923  $32.38         

Options granted

  80,500   50.30         

Options cancelled

  (2,920)  39.63         

Options exercised

  (15,097)  31.63         

Options outstanding at June 30, 2026

  276,406  $37.56   7.4  $5,770,219 

Options exercisable at June 30, 2026

  109,346  $32.00   6.5  $2,891,012 

Options expected to vest after June 30, 2026

  167,780  $41.17   8.1  $2,572,607 
Share-Based Payment Arrangement, Cost by Plan [Table Text Block]
  

2026

  

2025

 

    Fair value of options vested

 $-  $- 

Intrinsic value of options exercised

 $101,000  $243,000 

Cash received from option exercises

 $101,000  $254,000 

Tax benefit from option exercises

 $-  $2,000 

Compensation cost

 $150,000  $96,000 

Tax benefit associated with compensation cost

 $8,000  $5,000 
  

2026

  

2025

 

    Fair value of options vested

 $173,000  $193,000 

Intrinsic value of options exercised

 $1,525,000  $614,000 

Cash received from option exercises

 $1,489,000  $583,000 

Tax benefit from option exercises

 $220,000  $19,000 

Compensation cost

 $251,000  $163,000 

Tax benefit associated with compensation cost

 $14,000  $9,000