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Condensed Parent Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet | Condensed Balance Sheets
|  | December 31, 2023 |  | December 31, 2022
|  | (In Thousands)
Assets |  |  |  |
Cash and cash equivalents |  | $ | 2,027 |  |  | $ | 3,129 |
Investments in subsidiaries, at equity |  | 339,854 |  |  | 294,109 |
Premises and equipment, net |  | 51 |  |  | 66 |
Other assets |  | 697 |  |  | 1,239 |
Total assets |  | $ | 342,629 |  |  | $ | 298,543 |
Liabilities and Stockholders’ Equity |  |  |  |
Junior subordinated notes and other borrowings |  | $ | 49,396 |  |  | $ | 34,341 |
Accrued interest payable and other liabilities |  | 3,645 |  |  | 3,562 |
Total liabilities |  | 53,041 |  |  | 37,903 |
Stockholders’ equity |  | 289,588 |  |  | 260,640 |
Total liabilities and stockholders’ equity |  | $ | 342,629 |  |  | $ | 298,543 |
Condensed Income Statement | Condensed Statements of Income
|  | For the Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (In Thousands)
Net interest expense |  | $ | 1,989 |  |  | $ | 2,295 |  |  | $ | 2,539 |
Non-interest income |  |  |  |  |  |
Consulting and rental income from consolidated subsidiaries |  | 5,644 |  |  | 5,794 |  |  | 2,417 |
Other non-interest income |  | 43 |  |  | 69 |  |  | 34 |
Total non-interest income |  | 5,687 |  |  | 5,863 |  |  | 2,451 |
Non-interest expense |  | 8,234 |  |  | 7,633 |  |  | 5,747 |
Loss before income tax benefit and equity in undistributed net income of consolidated subsidiaries |  | 4,536 |  |  | 4,065 |  |  | 5,835 |
Income tax benefit |  | 337 |  |  | 1,387 |  |  | 1,483 |
Loss before equity in undistributed net income of consolidated subsidiaries |  | 4,199 |  |  | 2,678 |  |  | 4,352 |
Equity in undistributed net income of consolidated subsidiaries |  | 41,226 |  |  | 43,536 |  |  | 40,107 |
Net income |  | $ | 37,027 |  |  | $ | 40,858 |  |  | $ | 35,755 |
Condensed Cash Flow Statement | Condensed Statements of Cash Flows
|  | For the Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (In Thousands)
Operating activities |  |  |  |  |  |
Net income |  | $ | 37,027 |  |  | $ | 40,858 |  |  | $ | 35,755 |
Adjustments to reconcile net income to net cash used in operating activities: |  |  |  |  |  |
Equity in undistributed earnings of consolidated subsidiaries |  | (41,226) |  |  | (43,536) |  |  | (40,107) |
Share-based compensation |  | 2,977 |  |  | 2,584 |  |  | 2,513 |
Excess tax benefit from share-based compensation |  | (91) |  |  | (91) |  |  | (27) |
Net (decrease) increase in other liabilities |  | (1,854) |  |  | 2,592 |  |  | (2,090) |
Other, net |  | 1,207 |  |  | (538) |  |  | 3,413 |
Net cash (used in) provided by operating activities |  | (1,960) |  |  | 1,869 |  |  | (543) |
Investing activities |  |  |  |  |  |
Dividends received from subsidiaries |  | 12,100 |  |  | 2,008 |  |  | 8,534 |
Proceeds from redemption of Trust II stock |  | — |  |  | 315 |  |  | — |
Capital contributions to subsidiaries |  | (15,000) |  |  | — |  |  | — |
Net cash (used in) provided by investing activities |  | (2,900) |  |  | 2,323 |  |  | 8,534 |
Financing activities |  |  |  |  |  |
Net increase (decreases) in long-term borrowed funds |  | 54 |  |  | (357) |  |  | 55 |
Proceeds from issuance of subordinated notes payable |  | 15,000 |  |  | 20,000 |  |  | — |
Repayment of subordinated notes payable |  | — |  |  | (9,090) |  |  | — |
Repayment of junior subordinated debentures |  | — |  |  | (10,076) |  |  | — |
Proceeds from issuance of preferred stock |  | — |  |  | 11,992 |  |  | — |
Proceeds from purchased funds and other short-term debt |  | — |  |  | (500) |  |  | 500 |
Purchase of treasury stock |  | (2,971) |  |  | (6,126) |  |  | (5,477) |
Preferred stock dividends paid |  | (875) |  |  | (683) |  |  | — |
Cash dividends paid |  | (7,578) |  |  | (6,688) |  |  | (6,166) |
Net proceeds from purchases of ESPP shares |  | 128 |  |  | 134 |  |  | 160 |
Net cash provided by (used in) financing activities |  | 3,758 |  |  | (1,394) |  |  | (10,928) |
Net (decrease) increase in cash and due from banks |  | (1,102) |  |  | 2,798 |  |  | (2,937) |
Cash and cash equivalents at the beginning of the period |  | 3,129 |  |  | 331 |  |  | 3,268 |
Cash and cash equivalents at the end of the period |  | $ | 2,027 |  |  | $ | 3,129 |  |  | $ | 331 |

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