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Parent Company Only Financial Information (Tables)
 9 Months Ended
Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract]  
Interim Condensed Balance Sheets
Interim Condensed Balance Sheets

September 30
2019
 
December 31
2018
ASSETS
 
 
 
Cash on deposit at the Bank
$
2,447

 
$
2,499

Investments in subsidiaries
156,850

 
143,942

Premises and equipment
1,551

 
1,912

Other assets
52,119

 
51,674

TOTAL ASSETS
$
212,967

 
$
200,027

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Other liabilities
$
591

 
$
4,508

Shareholders' equity
212,376

 
195,519

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
212,967

 
$
200,027
Interim Condensed Statements of Income
Interim Condensed Statements of Income
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30

2019
 
2018
 
2019
 
2018
Income
 
 
 
 
 
 
 
Dividends from subsidiaries
$
2,400

 
$
4,900

 
$
5,500

 
$
10,900

Interest income
1

 
1

 
5

 
1

Other income
181

 
812

 
394

 
2,342

Total income
2,582

 
5,713

 
5,899

 
13,243

Expenses
 
 
 
 
 
 
 
Compensation and benefits
—

 
1,068

 
—

 
3,227

Occupancy and equipment
15

 
129

 
44

 
378

Audit, consulting, and legal fees
110

 
154

 
355

 
586

Director fees
90

 
106

 
277

 
313

Other
254

 
142

 
872

 
450

Total expenses
469

 
1,599

 
1,548

 
4,954

Income before income tax benefit and equity in undistributed earnings of subsidiaries
2,113

 
4,114

 
4,351

 
8,289

Federal income tax benefit
60

 
165

 
239

 
545

Income before equity in undistributed earnings of subsidiaries
2,173

 
4,279

 
4,590

 
8,834

Undistributed earnings of subsidiaries
2,269

 
(583
)
 
7,536

 
1,657

Net income
$
4,442

 
$
3,696

 
$
12,126

 
$
10,491
Interim Condensed Statements of Cash Flows
Interim Condensed Statements of Cash Flows
 
Nine Months Ended 
 September 30

2019
 
2018
Operating activities
 
 
 
Net income
$
12,126

 
$
10,491

Adjustments to reconcile net income to cash provided by operations
 
 
 
Undistributed earnings of subsidiaries
(7,536
)
 
(1,657
)
Undistributed earnings of equity securities without readily determinable fair values
(182
)
 
(143
)
Share-based payment awards under equity compensation plan
415

 
449

Depreciation
34

 
98

Changes in operating assets and liabilities which provided (used) cash
 
 
 
Other assets
(35
)
 
1,080

Other liabilities
641

 
(597
)
Net cash provided by (used in) operating activities
5,463

 
9,721

Investing activities
 
 
 
Sales (purchases) of premises and equipment
—

 
(79
)
Net cash provided by (used in) investing activities
—

 
(79
)
Financing activities
 
 
 
Cash dividends paid on common stock
(6,149
)
 
(6,126
)
Proceeds from the issuance of common stock
3,672

 
5,093

Common stock repurchased
(2,140
)
 
(6,212
)
Common stock purchased for deferred compensation obligations
(898
)
 
(290
)
Net cash provided by (used in) financing activities
(5,515
)
 
(7,535
)
Increase (decrease) in cash and cash equivalents
(52
)
 
2,107

Cash and cash equivalents at beginning of period
2,499

 
185

Cash and cash equivalents at end of period
$
2,447

 
$
2,292