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Parent Company Only Financial Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets
| June 30 2020 |  | December 31 2019
ASSETS |  |  |
Cash on deposit at the Bank | $ | 176 |  |  | $ | 1,360 |
Investments in subsidiaries | 168,247 |  |  | 157,415 |
Premises and equipment | 1,516 |  |  | 1,539 |
Other assets | 50,087 |  |  | 49,887 |
TOTAL ASSETS | $ | 220,026 |  |  | $ | 210,201 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Other liabilities | $ | 35 |  |  | $ | 19 |
Shareholders' equity | 219,991 |  |  | 210,182 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 220,026 |  |  | $ | 210,201 |
Interim Condensed Statements of Income | Interim Condensed Statements of Income
| Three Months Ended June 30 |  | Six Months Ended June 30
| 2020 |  | 2019 |  | 2020 |  | 2019
Income |  |  |  |  |  |  |
Dividends from subsidiaries | $ | 1,850 |  |  | $ | 2,100 |  |  | $ | 3,600 |  |  | $ | 3,100 |
Interest income | — |  |  | 2 |  |  | 1 |  |  | 4 |
Other income (loss) | 126 |  |  | 232 |  |  | 127 |  |  | 213 |
Total income | 1,976 |  |  | 2,334 |  |  | 3,728 |  |  | 3,317 |
Expenses |  |  |  |  |  |  |
Occupancy and equipment | 15 |  |  | 14 |  |  | 30 |  |  | 29 |
Audit, consulting, and legal fees | 175 |  |  | 115 |  |  | 307 |  |  | 245 |
Director fees | 89 |  |  | 89 |  |  | 183 |  |  | 187 |
Other | 310 |  |  | 328 |  |  | 603 |  |  | 618 |
Total expenses | 589 |  |  | 546 |  |  | 1,123 |  |  | 1,079 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 1,387 |  |  | 1,788 |  |  | 2,605 |  |  | 2,238 |
Federal income tax benefit | 97 |  |  | 64 |  |  | 209 |  |  | 179 |
Income before equity in undistributed earnings of subsidiaries | 1,484 |  |  | 1,852 |  |  | 2,814 |  |  | 2,417 |
Undistributed earnings of subsidiaries | 2,703 |  |  | 2,336 |  |  | 4,437 |  |  | 5,267 |
Net income | $ | 4,187 |  |  | $ | 4,188 |  |  | $ | 7,251 |  |  | $ | 7,684 |
Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows
| Six Months Ended June 30
| 2020 |  | 2019
Operating activities |  |  |
Net income | $ | 7,251 |  |  | $ | 7,684 |
Adjustments to reconcile net income to cash provided by operations |  |  |
Undistributed earnings of subsidiaries | (4,437 | ) |  | (5,267 | )
Undistributed earnings of equity securities without readily determinable fair values | (31 | ) |  | (76 | )
Share-based payment awards under equity compensation plan | 233 |  |  | 271 |
Depreciation | 23 |  |  | 23 |
Changes in operating assets and liabilities which provided (used) cash |  |  |
Other assets | (168 | ) |  | 5 |
Other liabilities | 16 |  |  | 682 |
Net cash provided by (used in) operating activities | 2,887 |  |  | 3,322 |
Investing activities - none |  |  |
Financing activities |  |  |
Cash dividends paid on common stock | (4,249 | ) |  | (4,093 | )
Proceeds from the issuance of common stock | 2,343 |  |  | 2,436 |
Common stock repurchased | (1,195 | ) |  | (1,339 | )
Common stock purchased for deferred compensation obligations | (970 | ) |  | (816 | )
Net cash provided by (used in) financing activities | (4,071 | ) |  | (3,812 | )
Increase (decrease) in cash and cash equivalents | (1,184 | ) |  | (490 | )
Cash and cash equivalents at beginning of period | 1,360 |  |  | 2,499 |
Cash and cash equivalents at end of period | $ | 176 |  |  | $ | 2,009 |

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