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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets |
Balance Sheets |  |  |  |  |  |
|  | (In Thousands) |
|  | 2022 |  |  | 2021 |
Assets |  |  |  |  |  |
Cash |  | $ | 16,901 |  |  | $ | 19,293 |
Interest-bearing time deposits |  |  | 498 |  |  |  | 1,234 |
Related party receivables: |  |  |  |  |  |
Dividends and accounts receivable from subsidiary |  |  | 2,114 |  |  |  | 4,636 |
Accrued interest receivable - municipals / interest bearing time deposits |  |  | 38 |  |  |  | 43 |
Securities - municipals |  |  | 7,460 |  |  |  | 9,027 |
Investment in subsidiaries |  |  | 319,371 |  |  |  | 340,733 |
Total Assets |  | $ | 346,382 |  |  | $ | 374,966 |
Liabilities |  |  |  |  |  |
Other borrowings |  | $ | 10,000 |  |  | $ | 40,000 |
Subordinated notes, net of unamortized issuance costs |  |  | 34,586 |  |  |  | 34,471 |
Dividends payable |  |  | 2,832 |  |  |  | 2,461 |
Accrued interest payable |  |  | 618 |  |  |  | 743 |
Accrued expenses |  |  | 206 |  |  |  | 124 |
Total Liabilities |  |  | 48,242 |  |  |  | 77,799 |
Stockholders' Equity |  |  | 298,140 |  |  |  | 297,167 |
Total Liabilities and Stockholders' Equity |  | $ | 346,382 |  |  | $ | 374,966 |
Schedule of Condensed Income and Comprehensive Income Statements |
Statements of Income and Comprehensive Income |  |  |  |  |  |  |  |  |
|  | (In Thousands) |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Income |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 44,285 |  |  | $ | 23,200 |  |  | $ | 8,800 |
Interest - municipals / interest-bearing time deposits |  |  | 308 |  |  |  | 253 |  |  |  | 382 |
Loss on sales of available-for-sale securities |  |  | - |  |  |  | 293 |  |  |  | - |
Total income |  |  | 44,593 |  |  |  | 23,746 |  |  |  | 9,182 |
Expenses |  |  |  |  |  |  |  |  |
Interest |  |  | 1,588 |  |  |  | 743 |  |  |  | - |
Operating expenses |  |  | 1,176 |  |  |  | 1,335 |  |  |  | 923 |
Total expenses |  |  | 2,764 |  |  |  | 2,078 |  |  |  | 923 |
Income Before Income Taxes and Equity in Undistributed Earnings of Subsidiaries |  |  | 41,829 |  |  |  | 21,668 |  |  |  | 8,259 |
Income Taxes (Benefit) |  |  | (535 | ) |  |  | (347 | ) |  |  | (184 | )
|  |  | 42,364 |  |  |  | 22,015 |  |  |  | 8,443 |
Equity in undistributed earnings of subsidiaries |  |  | (9,849 | ) |  |  | 1,480 |  |  |  | 11,652 |
Net Income |  |  | 32,515 |  |  |  | 23,495 |  |  |  | 20,095 |
Other Comprehensive Income (Loss): |  |  |  |  |  |  |  |  |
Unrealized gains (losses) on securities, net of taxes |  |  | (35,049 | ) |  |  | (8,881 | ) |  |  | 4,599 |
Comprehensive Income (Loss) |  | $ | (2,534 | ) |  | $ | 14,614 |  |  | $ | 24,694 |
Schedule of Condensed Cash Flow Statement |
Statements of Cash Flows |  |  |  |  |  |  |  |  |
|  | (In Thousands) |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Cash Flows from Operating Activities |  |  |  |  |  |  |  |  |
Net income |  | $ | 32,515 |  |  | $ | 23,495 |  |  | $ | 20,095 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Equity in undistributed net income |  |  | 9,849 |  |  |  | (1,480 | ) |  |  | (11,652 | )
Amortization of premiums on available-for-sale securities, net |  |  | 61 |  |  |  | 81 |  |  |  | 154 |
Amortization of subordinated notes issuance fees |  |  | 116 |  |  |  | 49 |  |  |  | - |
Stock-based compensation expense |  |  | 899 |  |  |  | 822 |  |  |  | 1,024 |
Director stock awards |  |  | 120 |  |  |  | 73 |  |  |  | 48 |
Gain on sale of available-for-sale securities |  |  | - |  |  |  | (293 | ) |  |  | - |
Changes in assets and liabilities: |  |  |  |  |  |  |  |  |
Other assets and liabilities |  |  | 2,560 |  |  |  | (456 | ) |  |  | 1,742 |
Net cash provided by operating activities |  |  | 46,120 |  |  |  | 22,291 |  |  |  | 11,411 |
Cash Flows from Investing Activities |  |  |  |  |  |  |  |  |
Activity in available-for-sale securities: |  |  |  |  |  |  |  |  |
Maturities, prepayments and calls |  |  | 1,540 |  |  |  | 795 |  |  |  | 385 |
Sales |  |  | - |  |  |  | 7,773 |  |  |  | - |
Purchases |  |  | (398 | ) |  |  | - |  |  |  | (745 | )
Activity in certificates of deposit |  |  |  |  |  |  |  |  |
Maturities |  |  | 1,234 |  |  |  | 493 |  |  |  | - |
Purchases |  |  | (498 | ) |  |  | - |  |  |  | - |
Cash used for acquisitions |  |  | (9,806 | ) |  |  | (79,235 | ) |  |  | - |
Net cash used in investing activities |  |  | (7,928 | ) |  |  | (70,174 | ) |  |  | (360 | )
Cash Flows from Financing Activities |  |  |  |  |  |  |  |  |
Proceeds (repayments) of other borrowings |  |  | (30,000 | ) |  |  | 35,000 |  |  |  | - |
Purchase of treasury stock |  |  | (308 | ) |  |  | (338 | ) |  |  | (383 | )
Proceeds from issuance of subordinated notes |  |  | - |  |  |  | 34,421 |  |  |  | - |
Payment of dividends |  |  | (10,276 | ) |  |  | (7,670 | ) |  |  | (7,186 | )
Net cash provided by (used in) financing activities |  |  | (40,584 | ) |  |  | 61,413 |  |  |  | (7,569 | )
Net Change in Cash and Cash Equivalents |  |  | (2,392 | ) |  |  | 13,530 |  |  |  | 3,482 |
Cash and Cash Equivalents - Beginning of year |  |  | 19,293 |  |  |  | 5,763 |  |  |  | 2,281 |
Cash and Cash Equivalents - End of year |  | $ | 16,901 |  |  | $ | 19,293 |  |  | $ | 5,763 |

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