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Parent Company Only Financial Information (Tables)
 6 Months Ended
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