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Parent-only Financial Statements | 12 Months Ended
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Dec. 31, 2024
Parent-only Financial Statements [Abstract] |
Parent-only Financial Statements |
Note 21: | Parent-only Financial Statements
Condensed Balance Sheets |  |  |
|  | December 31, |
Assets |  | 2024 |  |  | 2023 |
Cash and due from banks |  | $ | 40 |  |  | $ | 40 |
Investment in bank subsidiary |  |  | 212,162 |  |  |  | 169,275 |
Dividends receivable |  |  | 2,254 |  |  |  | 1,932 |
Goodwill |  |  | 1,011 |  |  |  | 1,011 |
Total assets |  | $ | 215,467 |  |  | $ | 172,258 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Dividends Payable |  | $ | 2,254 |  |  | $ | 1,932 |
Other liabilities |  |  | - |  |  |  | - |
Total liabilities |  |  | 2,254 |  |  |  | 1,932 |
Total shareholders’ equity |  |  | 213,213 |  |  |  | 170,326 |
Total liabilities and shareholders’ equity |  | $ | 215,467 |  |  | $ | 172,258 |
Condensed Statements of Comprehensive Income |  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Income |  |  |  |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | 8,379 |  |  | $ | 6,790 |  |  | $ | 4,738 |
Total Income |  |  | 8,379 |  |  |  | 6,790 |  |  |  | 4,738 |
Expense |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  | - |  |  |  | - |  |  |  | - |
Total expense |  |  | - |  |  |  | - |  |  |  | - |
Income and equity in undistributed net income of bank subsidiary |  |  | 8,379 |  |  |  | 6,790 |  |  |  | 4,738 |
Equity in undistributed net income of bank subsidiary |  |  | 37,319 |  |  |  | 21,485 |  |  |  | 24,900 |
Income before Taxes |  |  | 45,698 |  |  |  | 28,275 |  |  |  | 29,638 |
Income tax expense |  |  | - |  |  |  | - |  |  |  | - |
Net Income Available to Common Shareholders |  | $ | 45,698 |  |  | $ | 28,275 |  |  | $ | 29,638 |
Other Comprehensive Income |  |  |  |  |  |  |  |  |  |  |  |
Equity in other comprehensive (loss) income of subsidiary |  | $ | 1,174 |  |  | $ | 3,158 |  |  | $ | (9,447 | )
Other comprehensive gain(loss) |  | $ | 1,174 |  |  | $ | 3,158 |  |  | $ | (9,447 | )
Comprehensive Income |  | $ | 46,872 |  |  | $ | 31,433 |  |  | $ | 20,191 |
Condensed Statements of Cash Flows |  | For the Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Operating Activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 45,698 |  |  | $ | 28,275 |  |  | $ | 29,638 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income |  |  | (37,319 | ) |  |  | (21,485 | ) |  |  | (24,900 | )
Changes in |  |  |  |  |  |  |  |  |  |  |  |
Other current assets and liabilities |  |  | (324 | ) |  |  | (725 | ) |  |  | (374 | )
Net cash provided by operating activities |  |  | 8,055 |  |  |  | 6,065 |  |  |  | 4,364 |
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Common stock issued, net of offering costs |  |  | 2 |  |  |  | 1 |  |  |  | - |
Dividends paid |  |  | (8,057 | ) |  |  | (6,323 | ) |  |  | (4,364 | )
Net cash used in financing activities |  |  | (8,055 | ) |  |  | (6,322 | ) |  |  | (4,364 | )
Increase (Decrease) in Cash and Due from Banks |  |  | - |  |  |  | (257 | ) |  |  | - |
Cash and Due from Banks, Beginning of Period |  |  | 40 |  |  |  | 297 |  |  |  | 297 |
Cash and Due from Banks, End of Period |  | $ | 40 |  |  | $ | 40 |  |  | $ | 297 |
Supplemental Disclosure of Cash Flows Information |  |  |  |  |  |  |  |  |  |  |  |
Dividends declared and not paid |  | $ | 2,254 |  |  | $ | 1,932 |  |  | $ | 1,463 |

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- 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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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