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Parent Company Only Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets
| March 31 2020 |  | December 31 2019
ASSETS |  |  |
Cash on deposit at the Bank | $ | 216 |  |  | $ | 1,360 |
Investments in subsidiaries | 163,889 |  |  | 157,415 |
Premises and equipment | 1,528 |  |  | 1,539 |
Other assets | 49,892 |  |  | 49,887 |
TOTAL ASSETS | $ | 215,525 |  |  | $ | 210,201 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Other liabilities | $ | 27 |  |  | $ | 19 |
Shareholders' equity | 215,498 |  |  | 210,182 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 215,525 |  |  | $ | 210,201 |
Interim Condensed Statements of Income | Interim Condensed Statements of Income
| Three Months Ended March 31
| 2020 |  | 2019
Income |  |  |
Dividends from subsidiaries | $ | 1,750 |  |  | $ | 1,000 |
Interest income | 1 |  |  | 2 |
Other income (loss) | 1 |  |  | (19 | )
Total income | 1,752 |  |  | 983 |
Expenses |  |  |
Occupancy and equipment | 15 |  |  | 15 |
Audit, consulting, and legal fees | 132 |  |  | 130 |
Director fees | 94 |  |  | 98 |
Other | 293 |  |  | 290 |
Total expenses | 534 |  |  | 533 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 1,218 |  |  | 450 |
Federal income tax benefit | 112 |  |  | 115 |
Income before equity in undistributed earnings of subsidiaries | 1,330 |  |  | 565 |
Undistributed earnings of subsidiaries | 1,734 |  |  | 2,931 |
Net income | $ | 3,064 |  |  | $ | 3,496 |
Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows
| Three Months Ended March 31
| 2020 |  | 2019
Operating activities |  |  |
Net income | $ | 3,064 |  |  | $ | 3,496 |
Adjustments to reconcile net income to cash provided by operations |  |  |
Undistributed earnings of subsidiaries | (1,734 | ) |  | (2,931 | )
Undistributed earnings of equity securities without readily determinable fair values | 94 |  |  | 57 |
Share-based payment awards under equity compensation plan | 123 |  |  | 131 |
Depreciation | 11 |  |  | 11 |
Changes in operating assets and liabilities which provided (used) cash |  |  |
Other assets | (100 | ) |  | 26 |
Other liabilities | 8 |  |  | 800 |
Net cash provided by (used in) operating activities | 1,466 |  |  | 1,590 |
Investing activities - none |  |  |
Financing activities |  |  |
Cash dividends paid on common stock | (2,122 | ) |  | (2,043 | )
Proceeds from the issuance of common stock | 1,330 |  |  | 1,433 |
Common stock repurchased | (1,168 | ) |  | (632 | )
Common stock purchased for deferred compensation obligations | (650 | ) |  | (186 | )
Net cash provided by (used in) financing activities | (2,610 | ) |  | (1,428 | )
Increase (decrease) in cash and cash equivalents | (1,144 | ) |  | 162 |
Cash and cash equivalents at beginning of period | 1,360 |  |  | 2,499 |
Cash and cash equivalents at end of period | $ | 216 |  |  | $ | 2,661 |

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