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Parent Company Financial Statements (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
PARENT COMPANY
BALANCE SHEETS
(dollars in thousands, except share amounts)December 31,
20242023
ASSETS
Cash and cash equivalents$6,653 $5,516 
Investment in subsidiary bank312,669 297,856 
Other assets621 524 
Total Assets$319,943 $303,896 
LIABILITIES
Accrued expenses and other liabilities$204 $45 
Total Liabilities204 45 
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 - 6,777,238 and 7,091,637 shares, respectively
38,655 55,136 
Additional paid-in capital
2,777 2,407 
Retained earnings
338,554 306,802 
Accumulated other comprehensive income (loss)
(60,247)(60,494)
Total Stockholders’ Equity
319,739 303,851 
Total Liabilities and Stockholders’ Equity
$319,943 $303,896 
Schedule of Condensed Statements of Income
PARENT COMPANY
STATEMENTS OF INCOME
(in thousands)Years Ended December 31,
202420232022
INTEREST AND DIVIDEND INCOME
Dividend income from subsidiaries$20,500 $2,500 $— 
Total Interest and Dividend Income20,500 2,500 — 
NONINTEREST INCOME
Other income1 2 1 
Total Noninterest Income1 2 1 
OPERATING EXPENSES
Technology expenses181 105 52 
Legal and professional expenses869 764 837 
Advertising— — 2 
Other operating expenses2 89 32 
Total Operating Expenses1,052 958 923 
Income (Loss) Before Income Tax Expense (Benefit)19,449 1,544 (922)
Income tax expense (benefit)(220)(201)(194)
Income (Loss) Before Equity in Undistributed Earnings of Subsidiaries19,669 1,745 (728)
Equity in undistributed earnings of subsidiaries14,566 33,134 37,644 
Net Income$34,235 $34,879 $36,916 
Schedule of Condensed Statements of Cash Flows
PARENT COMPANY
STATEMENTS OF CASH FLOWS
(in thousands)Years Ended December 31,
202420232022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$34,235 $34,879 $36,916 
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Undistributed earnings of subsidiaries(14,566)(33,134)(37,644)
Other operating activities, net350 424 322 
Net cash provided by (used in) operating activities20,019 2,169 (406)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital contribution in partnerships(90)(160)(175)
Net cash provided by (used in) investing activities(90)(160)(175)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock(16,309)(4,999)(218)
Cash dividends(2,483)(2,289)(2,011)
Net cash provided by (used in) financing activities(18,792)(7,288)(2,229)
Net change in cash and cash equivalents1,137 (5,279)(2,810)
Cash and cash equivalents - beginning of year5,516 10,795 13,605 
Cash and cash equivalents - end of year$6,653 $5,516 $10,795