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Parent Company Only Financial Information
 9 Months Ended
Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Financial Information
Parent Company Only Financial Information
Interim Condensed Balance Sheets

September 30
2018
 
December 31
2017
ASSETS
 
 
 
Cash on deposit at the Bank
$
2,292

 
$
185

Investments in subsidiaries
137,845

 
145,962

Premises and equipment
1,931

 
1,950

Other assets
51,316

 
52,253

TOTAL ASSETS
$
193,384

 
$
200,350

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Other liabilities
$
4,848

 
$
5,445

Shareholders' equity
188,536

 
194,905

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
193,384

 
$
200,350


Interim Condensed Statements of Income
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30

2018
 
2017
 
2018
 
2017
Income
 
 
 
 
 
 
 
Dividends from subsidiaries
$
4,900

 
$
2,900

 
$
10,900

 
$
7,200

Interest income
1

 
—

 
1

 
2

Management fee and other
812

 
1,660

 
2,342

 
4,901

Total income
5,713

 
4,560

 
13,243

 
12,103

Expenses
 
 
 
 
 
 
 
Compensation and benefits
1,068

 
1,118

 
3,227

 
3,608

Occupancy and equipment
129

 
456

 
378

 
1,332

Audit and related fees
94

 
148

 
267

 
412

Other
308

 
556

 
1,082

 
1,731

Total expenses
1,599

 
2,278

 
4,954

 
7,083

Income before income tax benefit and equity in undistributed earnings of subsidiaries
4,114

 
2,282

 
8,289

 
5,020

Federal income tax benefit
165

 
209

 
545

 
737

Income before equity in undistributed earnings of subsidiaries
4,279

 
2,491

 
8,834

 
5,757

Undistributed earnings of subsidiaries
(583
)
 
1,045

 
1,657

 
4,759

Net income
$
3,696

 
$
3,536

 
$
10,491

 
$
10,516


Interim Condensed Statements of Cash Flows
 
Nine Months Ended 
 September 30

2018
 
2017
Operating activities
 
 
 
Net income
$
10,491

 
$
10,516

Adjustments to reconcile net income to cash provided by operations
 
 
 
Undistributed earnings of subsidiaries
(1,657
)
 
(4,759
)
Undistributed earnings of equity securities without readily determinable fair values
(143
)
 
33

Share-based payment awards under equity compensation plan
449

 
502

Depreciation
98

 
116

Changes in operating assets and liabilities which provided (used) cash
 
 
 
Other assets
1,080

 
19

Accrued interest and other liabilities
(597
)
 
(1,659
)
Net cash provided by (used in) operating activities
9,721

 
4,768

Investing activities
 
 
 
Maturities, calls, principal payments, and sales of AFS securities
—

 
249

Sales (purchases) of premises and equipment
(79
)
 
(86
)
Net cash provided by (used in) investing activities
(79
)
 
163

Financing activities
 
 
 
Cash dividends paid on common stock
(6,126
)
 
(5,950
)
Proceeds from the issuance of common stock
5,093

 
4,999

Common stock repurchased
(6,212
)
 
(4,005
)
Common stock purchased for deferred compensation obligations
(290
)
 
(327
)
Net cash provided by (used in) financing activities
(7,535
)
 
(5,283
)
Increase (decrease) in cash and cash equivalents
2,107

 
(352
)
Cash and cash equivalents at beginning of period
185

 
1,297

Cash and cash equivalents at end of period
$
2,292

 
$
945