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Parent Company Only Financial Information (Tables)
9 Months Ended
Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract]  
Interim Condensed Balance Sheets
Interim Condensed Balance Sheets
September 30
2020
December 31
2019
ASSETS
Cash on deposit at the Bank$627 $1,360 
Investments in subsidiaries170,268 157,415 
Premises and equipment1,505 1,539 
Other assets50,184 49,887 
TOTAL ASSETS$222,584 $210,201 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other liabilities$39 $19 
Shareholders' equity222,545 210,182 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$222,584 $210,201 
Interim Condensed Statements of Income
Interim Condensed Statements of Income
Three Months Ended 
 September 30
Nine Months Ended 
 September 30
2020201920202019
Income
Dividends from subsidiaries$2,600 $2,400 $6,200 $5,500 
Interest income— 
Other income (loss)181 181 308 394 
Total income2,781 2,582 6,509 5,899 
Expenses
Occupancy and equipment15 15 45 44 
Audit, consulting, and legal fees119 110 426 355 
Director fees86 90 269 277 
Other282 254 885 872 
Total expenses502 469 1,625 1,548 
Income before income tax benefit and equity in undistributed earnings of subsidiaries2,279 2,113 4,884 4,351 
Federal income tax benefit67 60 276 239 
Income before equity in undistributed earnings of subsidiaries2,346 2,173 5,160 4,590 
Undistributed earnings of subsidiaries2,011 2,269 6,448 7,536 
Net income$4,357 $4,442 $11,608 $12,126 
Interim Condensed Statements of Cash Flows
Interim Condensed Statements of Cash Flows
Nine Months Ended 
 September 30
20202019
Operating activities
Net income$11,608 $12,126 
Adjustments to reconcile net income to cash provided by operations
Undistributed earnings of subsidiaries(6,448)(7,536)
Undistributed earnings of equity securities without readily determinable fair values(61)(182)
Share-based payment awards under equity compensation plan334 415 
Depreciation34 34 
Changes in operating assets and liabilities which provided (used) cash
Other assets(236)(35)
Other liabilities19 641 
Net cash provided by (used in) operating activities5,250 5,463 
Investing activities - none
Financing activities
Cash dividends paid on common stock(6,386)(6,149)
Proceeds from the issuance of common stock3,274 3,672 
Common stock repurchased(1,619)(2,140)
Common stock purchased for deferred compensation obligations(1,252)(898)
Net cash provided by (used in) financing activities(5,983)(5,515)
Increase (decrease) in cash and cash equivalents(733)(52)
Cash and cash equivalents at beginning of period1,360 2,499 
Cash and cash equivalents at end of period$627 $2,447