XML 112 R97.htm IDEA: XBRL DOCUMENT v3.24.0.1
Parent Company Financial Statements - Schedule of Condensed Statements of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
INTEREST AND DIVIDEND INCOME                      
Dividend income from subsidiaries $ 32,041 $ 30,324 $ 28,471 $ 27,732 $ 26,982 $ 24,886 $ 22,498 $ 20,009 $ 118,568 $ 94,375 $ 77,339
Net Interest Income 21,294 20,725 21,510 22,909 23,674 23,088 21,149 18,728 86,438 86,639 71,722
NONINTEREST INCOME                      
Other income (loss)                 259 168 271
Total Noninterest Income 5,187 5,581 6,007 4,340 4,619 4,867 4,860 4,402 21,114 18,747 24,493
OPERATING EXPENSES                      
Technology expenses                 2,759 2,763 2,810
Legal and professional expenses                 2,378 1,997 1,683
Advertising                 1,302 1,134 921
Other operating expenses                 3,955 3,923 3,767
Income Before Income Tax Expense                 42,944 44,981 40,060
Income tax expense (benefit) 1,916 1,870 2,117 2,163 2,270 2,128 2,141 1,526 8,065 8,065 7,108
Net Income $ 8,292 $ 8,021 $ 8,968 $ 9,598 $ 10,191 $ 10,186 $ 9,147 $ 7,392 34,879 36,916 32,952
Parent Company                      
INTEREST AND DIVIDEND INCOME                      
Dividend income from subsidiaries                 2,500 0 0
Net Interest Income                 2,500 0 0
NONINTEREST INCOME                      
Other income (loss)                 2 1 0
Total Noninterest Income                 2 1 0
OPERATING EXPENSES                      
Technology expenses                 105 52 88
Legal and professional expenses                 764 837 571
Advertising                 0 2 2
Other operating expenses                 89 32 15
Total Operating Expenses                 958 923 676
Income Before Income Tax Expense                 1,544 (922) (676)
Income tax expense (benefit)                 (201) (194) (143)
Income (Loss) Before Equity in Undistributed Earnings of Subsidiaries                 1,745 (728) (533)
Equity in undistributed earnings of subsidiaries                 33,134 37,644 33,485
Net Income                 $ 34,879 $ 36,916 $ 32,952