The linearized Vlasov-Maxwell equations are used to investigate detailed properties of the wall-impedance-driven instability for a long charge bunch () propagating through a cylindrical pipe with radius and wall impedance . The stability analysis is carried out for perturbations about a cylindrical Kapchinskij-Vladimirskij beam equilibrium with a flattop density profile in the smooth-focusing approximation. The perturbations are assumed to be of the form , where are the radial and azimuthal coordinates in the transverse direction, and is the coordinate in the longitudinal direction. Here, is the azimuthal mode number of the perturbation in the transverse direction, is the wave number in the longitudinal direction, and is the oscillation frequency. As an example, detailed stability properties are determined for dipole-mode perturbations assuming negligibly small axial momentum spread of the beam particles. The stability analysis is valid for a general value of the normalized beam intensity in the interval , where is the relativistic plasma frequency and is the applied focusing frequency.