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Condensed Financial Information of Parent (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Balance Sheets | Balance Sheets
As of December 31, | 2024 |  | 2023
Assets |  |  |
Cash and cash equivalents | $ | 1,074,000 |  |  | $ | 667,000 |
Dividends receivable | 3,900,000 |  |  | 3,750,000 |
Investment in subsidiary | 223,532,000 |  |  | 214,531,000 |
Goodwill | 27,559,000 |  |  | 27,559,000 |
Other assets | 462,000 |  |  | 460,000 |
Total assets | $ | 256,527,000 |  |  | $ | 246,967,000 |
Liabilities and shareholders' equity |  |  |
Dividends payable | $ | 4,016,000 |  |  | $ | 3,884,000 |
Other liabilities | 18,000 |  |  | 4,000 |
Total liabilities | 4,034,000 |  |  | 3,888,000 |
Shareholders' equity |  |  |
Common stock | 112,000 |  |  | 111,000 |
Additional paid-in capital | 71,832,000 |  |  | 70,071,000 |
Retained earnings | 180,549,000 |  |  | 172,897,000 |
Total shareholders' equity | 252,493,000 |  |  | 243,079,000 |
Total liabilities and shareholders' equity | $ | 256,527,000 |  |  | $ | 246,967,000 |
Schedule of Statements of Income | Statements of Income
For the years ended December 31, | 2024 |  | 2023 |  | 2022
Other operating income | $ | — |  |  | $ | — |  |  | $ | 3,000 |
Total income | — |  |  | — |  |  | 3,000 |
Other operating expense | 1,313,000 |  |  | 1,202,000 |  |  | 1,166,000 |
Total expense | 1,313,000 |  |  | 1,202,000 |  |  | 1,166,000 |
Loss before income taxes and Bank earnings | (1,313,000) |  |  | (1,202,000) |  |  | (1,163,000) |
Applicable income taxes | (311,000) |  |  | (279,000) |  |  | (299,000) |
Loss before Bank earnings | (1,002,000) |  |  | (923,000) |  |  | (864,000) |
Equity in earnings of Bank |  |  |  |  |
Remitted | 15,800,000 |  |  | 14,750,000 |  |  | 14,000,000 |
Unremitted | 12,247,000 |  |  | 15,691,000 |  |  | 25,854,000 |
Net income | $ | 27,045,000 |  |  | $ | 29,518,000 |  |  | $ | 38,990,000 |
Schedule of Statements of Cash Flows | Statements of Cash Flows
For the years ended December 31, | 2024 |  | 2023 |  | 2022
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 27,045,000 |  |  | $ | 29,518,000 |  |  | $ | 38,990,000 |
Adjustments to reconcile net income to net cash provided by operating activities:
Equity compensation expense | 895,000 |  |  | 820,000 |  |  | 809,000 |
(Increase) decrease in other assets | (2,000) |  |  | 6,000 |  |  | (35,000) |
Increase in dividends receivable | (150,000) |  |  | (150,000) |  |  | (400,000) |
Increase in dividends payable | — |  |  | 129,000 |  |  | 227,000 |
Increase (decrease) in other liabilities | 14,000 |  |  | (2,000) |  |  | 1,000 |
Unremitted earnings of Bank | (12,247,000) |  |  | (15,691,000) |  |  | (25,854,000) |
Net cash provided by operating activities | 15,555,000 |  |  | 14,630,000 |  |  | 13,738,000 |
Cash flows from financing activities: |  |  |  |  |
Purchase of common stock | (212,000) |  |  | (250,000) |  |  | (277,000) |
Proceeds from sale of common stock | 867,000 |  |  | 817,000 |  |  | 796,000 |
Dividends paid | (15,803,000) |  |  | (15,409,000) |  |  | (14,779,000) |
Net cash used in financing activities | (15,148,000) |  |  | (14,842,000) |  |  | (14,260,000) |
Net increase (decrease) in cash and cash equivalents | 407,000 |  |  | (212,000) |  |  | (522,000) |
Cash and cash equivalents at beginning of year | 667,000 |  |  | 879,000 |  |  | 1,401,000 |
Cash and cash equivalents at end of year | $ | 1,074,000 |  |  | $ | 667,000 |  |  | $ | 879,000 |

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