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Parent-only Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2024
Parent-only Financial Statements [Abstract]  
Condensed Balance Sheets
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 Income
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
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