XML 41 R26.htm IDEA: XBRL DOCUMENT v3.20.4

Parent Company financial statements

12 Months Ended

Dec. 31, 2020

Parent Company financial statements

Parent Company financial statements

19. Parent Company financial statements:

CONDENSED BALANCE SHEETS

​

​	​	​	​	​	​	​	​
December 31		2020			2019
Assets:	​	​	​	​	​	​	​
Cash and cash equivalents	​	$	1,069	​	$	5,192	​
Equity securities	​	​	138	​	​	423	​
Investment in bank subsidiary	​		348,584	​		293,415	​
Other assets	​		273	​		19	​
Total assets	​	$	350,064	​	$	299,049	​
​	​	​	​	​	​	​	​
Liabilities and Stockholders’ Equity:	​	​	​	​	​	​	​
Subordinated debt	​	$	33,000	​	​	​	​
Accrued interest payable	​	​	148	​	​	​	​
Other liabilities	​	​	39	​	$	39	​
Stockholders’ equity	​		316,877	​		299,010	​
Total liabilities and stockholders’ equity	​	$	350,064	​	$	299,049	​

​

CONDENSED STATEMENTS OF INCOME

​

​	​	​	​	​	​	​	​	​	​	​
Year Ended December 31		2020			2019			2018
Income:	​	​	​	​	​	​	​	​	​	​
Dividends from subsidiaries	​	$	10,518	​	$	10,131	​	$	9,691	​
Other income	​	​	8	​	​	8	​	​	72	​
Net gain realized on sale of equity securities	​	​	29	​	​	​	​	​	​	​
Unrealized holding gains (losses) on equity securities	​		(35)	​		132	​		13	​
Total income	​		10,520	​		10,271	​		9,776	​
Expense:	​	​	​	​	​	​	​	​	​	​
Interest expense on subordinated debt	​	​	1,035	​	​	​	​	​	​	​
Other expenses	​		200	​		145	​		214	​
Total expenses	​		1,235	​		145	​		214	​
Income before taxes and undistributed income	​		9,285	​		10,126	​		9,562	​
Income tax benefit	​	​	(255)	​		(1)	​		(27)	​
Income before undistributed income of subsidiaries	​		9,540	​		10,127	​		9,589	​
Equity in undistributed net income of subsidiaries	​		19,814	​		15,609	​		15,331	​
Net income	​	$	29,354	​	$	25,736	​	$	24,920	​

​

condensed Statements of Cash Flows

​

​	​	​	​	​	​	​	​	​	​	​
Year Ended December 31		2020			2019			2018
Cash flows from operating activities:	​	​	​	​	​	​	​	​	​	​
Net income	​	$	29,354	​	$	25,736	​	$	24,920	​
Adjustments:	​	​	​	​	​	​	​	​	​	​
Net losses (gains) on investment securities	​		6	​		(132)	​		(14)	​
Undistributed net income of subsidiaries	​		(19,814)	​		(15,609)	​		(15,331)	​
Decrease in other assets	​		(255)	​		(302)	​	​	(106)	​
Increase (decrease) in other liabilities	​		148	​		​	​		(10)	​
Stock based compensation	​		570	​		554	​		272	​
Increase in due from subsidiaries	​	​	​	​		1,974	​	​	​	​
Net cash provided by operating activities	​		10,009	​		12,221	​		9,731	​
Cash flows from investing activities:	​	​	​	​	​	​	​	​	​	​
Purchase of equity securities	​		​	​		​	​		(234)	​
Sale of equity securities	​	​	279	​	​	​	​	​	​	​
Net cash provided by (used in) investing activities	​		279	​		​	​		(234)	​
Cash flows used in financing activities:	​	​	​	​	​	​	​	​	​	​
Proceeds from subordinated debt	​	​	33,000	​	​	​	​	​	​	​
Investment in subsidiary	​	​	(30,000)	​	​	​	​	​	​	​
Retirement of stock	​		(6,893)	​	​	(634)	​	​	​	​
Cash dividends paid	​		(10,518)	​		(10,131)	​		(9,693)	​
Net cash used in financing activities	​		(14,411)	​		(10,765)	​		(9,693)	​
Increase (decrease) in cash	​		(4,123)	​		1,456	​		(196)	​
Cash at beginning of year	​		5,192	​		3,736	​		3,932	​
Cash at end of year	​	$	1,069	​	$	5,192	​	$	3,736	​

​

X

- References

No definition available.

+ Details

Name:	srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section S99
-Paragraph 6
-Subparagraph (SX 210.5-04(Schedule I))
-URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

+ Details

Name:	us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration