Note 11 - Business Combinations - Acquisition of Cornerstone Community Bancorp (Tables)

9 Months Ended

Sep. 30, 2026

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

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

Business Combination, Pro Forma Information [Table Text Block]

Period Ended		Net Interest Income				Net Income
Three Months Ended September 30, 2026			26,234				11,190
Nine Months Ended September 30, 2026			76,149				30,086
Three Months Ended September 30, 2025			23,219				8,220
Nine Months Ended September 30, 2025			71,688				17,588

●	Amortization of acquired intangibles		$	1,099
●	Accretion of discount on loans		$	191
●	Accretion of premium on time deposits acquired		$	226
●	Amortization of discount on subordinated debentures		$	148
●	Income tax benefit of adjustments		$	426

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