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Parent Company Only Financial Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets
| March 31 2019 |  | December 31 2018
ASSETS |  |  |
Cash on deposit at the Bank | $ | 2,661 |  |  | $ | 2,499 |
Investments in subsidiaries | 147,110 |  |  | 143,942 |
Premises and equipment | 1,573 |  |  | 1,912 |
Other assets | 51,819 |  |  | 51,674 |
TOTAL ASSETS | $ | 203,163 |  |  | $ | 200,027 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Other liabilities | $ | 750 |  |  | $ | 4,508 |
Shareholders' equity | 202,413 |  |  | 195,519 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 203,163 |  |  | $ | 200,027 |
Interim Condensed Statements of Income | Interim Condensed Statements of Income
| Three Months Ended March 31
| 2019 |  | 2018
Income |  |  |
Dividends from subsidiaries | $ | 1,000 |  |  | $ | 2,100 |
Interest income | 2 |  |  | — |
Other income | (19 | ) |  | 675 |
Total income | 983 |  |  | 2,775 |
Expenses |  |  |
Compensation and benefits | — |  |  | 984 |
Occupancy and equipment | 15 |  |  | 123 |
Audit, consulting, and legal fees | 130 |  |  | 224 |
Director fees | 98 |  |  | 103 |
Other | 290 |  |  | 136 |
Total expenses | 533 |  |  | 1,570 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 450 |  |  | 1,205 |
Federal income tax benefit | 115 |  |  | 188 |
Income before equity in undistributed earnings of subsidiaries | 565 |  |  | 1,393 |
Undistributed earnings of subsidiaries | 2,931 |  |  | 2,069 |
Net income | $ | 3,496 |  |  | $ | 3,462 |
Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows
| Three Months Ended March 31
| 2019 |  | 2018
Operating activities |  |  |
Net income | $ | 3,496 |  |  | $ | 3,462 |
Adjustments to reconcile net income to cash provided by operations |  |  |
Undistributed earnings of subsidiaries | (2,931 | ) |  | (2,069 | )
Undistributed earnings of equity securities without readily determinable fair values | 57 |  |  | 63 |
Share-based payment awards under equity compensation plan | 131 |  |  | 146 |
Depreciation | 11 |  |  | 30 |
Changes in operating assets and liabilities which provided (used) cash |  |  |
Other assets | 26 |  |  | 830 |
Other liabilities | 800 |  |  | (97 | )
Net cash provided by (used in) operating activities | 1,590 |  |  | 2,365 |
Investing activities |  |  |
Sales (purchases) of premises and equipment | — |  |  | 6 |
Net cash provided by (used in) investing activities | — |  |  | 6 |
Financing activities |  |  |
Cash dividends paid on common stock | (2,043 | ) |  | (2,041 | )
Proceeds from the issuance of common stock | 1,433 |  |  | 1,616 |
Common stock repurchased | (632 | ) |  | (620 | )
Common stock purchased for deferred compensation obligations | (186 | ) |  | (101 | )
Net cash provided by (used in) financing activities | (1,428 | ) |  | (1,146 | )
Increase (decrease) in cash and cash equivalents | 162 |  |  | 1,225 |
Cash and cash equivalents at beginning of period | 2,499 |  |  | 185 |
Cash and cash equivalents at end of period | $ | 2,661 |  |  | $ | 1,410 |

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