XML 61 R47.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Parent Company financial statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Parent Company financial statements |
Condensed Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31 |  | 2021 |  | 2020 |
Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | $ | 4,044 | ​ | $ | 1,069 | ​
Equity securities | ​ | ​ | 140 | ​ | ​ | 138 | ​
Investment in bank subsidiary | ​ |  | 368,427 | ​ |  | 348,584 | ​
Other assets | ​ |  | 703 | ​ |  | 273 | ​
Total assets | ​ | $ | 373,314 | ​ | $ | 350,064 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Subordinated debt | ​ | $ | 33,000 | ​ | ​ | 33,000 | ​
Accrued interest payable | ​ | ​ | 148 | ​ | ​ | 148 | ​
Other liabilities | ​ | ​ | 39 | ​ | $ | 39 | ​
Stockholders’ equity | ​ |  | 340,127 | ​ |  | 316,877 | ​
Total liabilities and stockholders’ equity | ​ | $ | 373,314 | ​ | $ | 350,064 | ​
Condensed Statements of Income and Comprehensive Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31 |  | 2021 |  | 2020 |  | 2019 |
Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends from subsidiaries | ​ | $ | 17,593 | ​ | $ | 10,518 | ​ | $ | 10,131 | ​
Other income | ​ | ​ | 4 | ​ | ​ | 8 | ​ | ​ | 8 | ​
Net gain realized on sale of equity securities | ​ | ​ | ​ | ​ | ​ | 29 | ​ | ​ | ​ | ​
Unrealized holding gains (losses) on equity securities | ​ |  | 2 | ​ |  | (35) | ​ |  | 132 | ​
Total income | ​ |  | 17,599 | ​ |  | 10,520 | ​ |  | 10,271 | ​
Expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense on subordinated debt | ​ | ​ | 1,774 | ​ | ​ | 1,035 | ​ | ​ | ​ | ​
Other expenses | ​ |  | 222 | ​ |  | 200 | ​ |  | 145 | ​
Total expenses | ​ |  | 1,996 | ​ |  | 1,235 | ​ |  | 145 | ​
Income before taxes and undistributed income | ​ |  | 15,603 | ​ |  | 9,285 | ​ |  | 10,126 | ​
Income tax benefit | ​ | ​ | (410) | ​ |  | (255) | ​ |  | (1) | ​
Income before undistributed income of subsidiaries | ​ |  | 16,013 | ​ |  | 9,540 | ​ |  | 10,127 | ​
Equity in undistributed net income of subsidiaries | ​ |  | 27,506 | ​ |  | 19,814 | ​ |  | 15,609 | ​
Net income | ​ | $ | 43,519 | ​ | $ | 29,354 | ​ | $ | 25,736 | ​
Condensed Statements of Cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ended December 31 |  | 2021 |  | 2020 |  | 2019 |
Cash flows from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 43,519 | ​ | $ | 29,354 | ​ | $ | 25,736 | ​
Adjustments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net losses (gains) on investment securities | ​ |  | (2) | ​ |  | 6 | ​ |  | (132) | ​
Undistributed net income of subsidiaries | ​ |  | (27,506) | ​ |  | (19,814) | ​ |  | (15,609) | ​
Decrease in other assets | ​ |  | (429) | ​ |  | (255) | ​ | ​ | (302) | ​
Increase (decrease) in other liabilities | ​ |  | ​ | ​ |  | 148 | ​ |  | ​ | ​
Stock based compensation | ​ |  | 546 | ​ |  | 570 | ​ |  | 554 | ​
Increase in due from subsidiaries | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | 1,974 | ​
Net cash provided by operating activities | ​ |  | 16,128 | ​ |  | 10,009 | ​ |  | 12,221 | ​
Cash flows from investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Purchase of equity securities | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Sale of equity securities | ​ | ​ | ​ | ​ | ​ | 279 | ​ | ​ | ​ | ​
Net cash provided by (used in) investing activities | ​ |  | ​ | ​ |  | 279 | ​ |  | ​ | ​
Cash flows used in financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from subordinated debt | ​ | ​ | ​ | ​ | ​ | 33,000 | ​ | ​ | ​ | ​
Investment in subsidiary | ​ | ​ | ​ | ​ | ​ | (30,000) | ​ | ​ | ​ | ​
Retirement of stock | ​ |  | (2,361) | ​ | ​ | (6,893) | ​ | ​ | (634) | ​
Cash dividends paid | ​ |  | (10,792) | ​ |  | (10,518) | ​ |  | (10,131) | ​
Net cash used in financing activities | ​ |  | (13,153) | ​ |  | (14,411) | ​ |  | (10,765) | ​
Increase (decrease) in cash | ​ |  | 2,975 | ​ |  | (4,123) | ​ |  | 1,456 | ​
Cash at beginning of year | ​ |  | 1,069 | ​ |  | 5,192 | ​ |  | 3,736 | ​
Cash at end of year | ​ | $ | 4,044 | ​ | $ | 1,069 | ​ | $ | 5,192 | ​

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration