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Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
PARENT COMPANY
BALANCE SHEETS
(dollars in thousands, except share amounts)December 31,
20232022
ASSETS
Cash and cash equivalents
$5,516 $10,795 
Investment in subsidiary bank
297,856 254,619 
Other assets
524 370 
Total Assets
$303,896 $265,784 
LIABILITIES
Accrued expenses and other liabilities
45 31 
Total Liabilities
45 31 
STOCKHOLDERS’ EQUITY
Preferred stock, no par value:
Authorized - 1,000,000 shares; None Issued and Outstanding
— — 
Common stock, no par value:
Authorized - 30,000,000 shares;
Issued and Outstanding - 7,091,637 and 7,183,915 shares, respectively
55,136 60,050 
Additional paid-in capital
2,407 2,088 
Retained earnings
306,802 274,781 
Accumulated other comprehensive income (loss)
(60,494)(71,166)
Total Stockholders’ Equity
303,851 265,753 
Total Liabilities and Stockholders’ Equity
$303,896 $265,784 
Schedule of Condensed Statements of Income
PARENT COMPANY
STATEMENTS OF INCOME
(in thousands)Years ended December 31,
202320222021
INTEREST AND DIVIDEND INCOME
Dividend income from subsidiaries$2,500 $— $— 
Total Interest and Dividend Income2,500 — — 
NONINTEREST INCOME
Other income2 1 — 
Total Noninterest Income2 1 — 
OPERATING EXPENSES
Technology expenses105 52 88 
Legal and professional expenses764 837 571 
Advertising— 2 2 
Other operating expenses89 32 15 
Total Operating Expenses958 923 676 
Income (Loss) Before Income Tax Expense (Benefit)1,544 (922)(676)
Income tax expense (benefit)(201)(194)(143)
Income (Loss) Before Equity in Undistributed Earnings of Subsidiaries1,745 (728)(533)
Equity in undistributed earnings of subsidiaries33,134 37,644 33,485 
Net Income$34,879 $36,916 $32,952 
Schedule of Condensed Statements of Cash Flows
PARENT COMPANY
STATEMENTS OF CASH FLOWS
(in thousands)Years Ended December 31,
202320222021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$34,879 $36,916 $32,952 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Undistributed earnings of subsidiaries(33,134)(37,644)(33,485)
Other operating activities, net424 322 354 
Net cash provided by (used in) operating activities2,169 (406)(179)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital contribution in partnerships(160)(175)(173)
Net cash provided by (used in) investing activities(160)(175)(173)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock(4,999)(218)(7,878)
Cash dividends(2,289)(2,011)(2,033)
Net cash provided by (used in) financing activities(7,288)(2,229)(9,911)
Net change in cash and cash equivalents(5,279)(2,810)(10,263)
Cash and cash equivalents - beginning of year10,795 13,605 23,868 
Cash and cash equivalents - end of year$5,516 $10,795 $13,605