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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed balance sheets |
Schedule of condensed balance sheets |  |  |  |  |  |
|  | December 31, |
(dollars in thousands) |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 3,641 |  |  |  | 9,408 |
Investment in subsidiaries |  |  | 351,806 |  |  |  | 339,516 |
Other assets |  |  | 149 |  |  |  | 146 |
Total assets |  | $ | 355,596 |  |  |  | 349,070 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 249 |  |  |  | 281 |
Subordinated debentures |  |  | 24,903 |  |  |  | 36,322 |
Shareholders’ equity |  |  | 330,444 |  |  |  | 312,467 |
Total liabilities and shareholders’ equity |  | $ | 355,596 |  |  | $ | 349,070 |
Schedule of condensed statements of income |
Schedule of condensed statements of income |  |  |  |  |  |  |  |  |
|  | For the years ended December 31, |
(dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 12 |  |  |  | 15 |  |  |  | 20 |
Total revenue |  |  | 12 |  |  |  | 15 |  |  |  | 20 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 2,149 |  |  |  | 2,197 |  |  |  | 1,730 |
Other expenses |  |  | 255 |  |  |  | 249 |  |  |  | 240 |
Total expenses |  |  | 2,404 |  |  |  | 2,446 |  |  |  | 1,970 |
Income tax benefit |  |  | 502 |  |  |  | 511 |  |  |  | 409 |
Loss before equity in undistributed net income of subsidiaries |  |  | (1,890 | ) |  |  | (1,920 | ) |  |  | (1,541 | )
Equity in undistributed net income of subsidiaries |  |  | 17,420 |  |  |  | 15,346 |  |  |  | 30,656 |
Net income |  | $ | 15,530 |  |  |  | 13,426 |  |  |  | 29,115 |
Schedule of condensed statements of cash flows |
Schedule of condensed statements of cash flows |  |  |  |  |  |  |  |  |
|  | For the years ended December 31, |
(dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2022 |
Operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,530 |  |  |  | 13,426 |  |  |  | 29,115 |
Adjustments to reconcile net income to cash provided by operating activities |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (17,420 | ) |  |  | (15,346 | ) |  |  | (30,656 | )
Compensation expense related to stock options and restricted stock grants |  |  | 2,283 |  |  |  | 1,943 |  |  |  | 2,026 |
Increase in other assets |  |  | (3 | ) |  |  | (125 | ) |  |  | - |
Increase in accrued expenses |  |  | 49 |  |  |  | 110 |  |  |  | 113 |
Net cash provided by operating activities |  |  | 439 |  |  |  | 8 |  |  |  | 598 |
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Investment in subsidiaries, net |  |  | 5,000 |  |  |  | (5,000 | ) |  |  | - |
Net cash provided by (used for) investing activities |  |  | 5,000 |  |  |  | (5,000 | ) |  |  | - |
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from the exercise of stock options and warrants |  |  | 294 |  |  |  | 518 |  |  |  | 905 |
Decrease in subordinated debentures |  |  | (11,500 | ) |  |  | - |  |  |  | - |
Net cash (used) provided by financing activities |  |  | (11,206 | ) |  |  | 518 |  |  |  | 905 |
Net (decrease) increase in cash and cash equivalents |  |  | (5,767 | ) |  |  | (4,474 | ) |  |  | 1,503 |
Cash and cash equivalents, beginning of year |  |  | 9,408 |  |  |  | 13,882 |  |  |  | 12,379 |
Cash and cash equivalents, end of year |  | $ | 3,641 |  |  |  | 9,408 |  |  |  | 13,882 |

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