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Parent Company Only Financial Information | 3 Months Ended
--- | ---
Mar. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets
| March 31 2021 |  | December 31 2020
ASSETS |  |  |
Cash on deposit at the Bank | $ | 2,366 |  |  | $ | 2,670 |
Investments in subsidiaries | 167,788 |  |  | 166,096 |
Premises and equipment | 1,517 |  |  | 1,529 |
Other assets | 47,874 |  |  | 48,352 |
TOTAL ASSETS | $ | 219,545 |  |  | $ | 218,647 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Other liabilities | $ | 1,263 |  |  | $ | 59 |
Shareholders' equity | 218,282 |  |  | 218,588 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 219,545 |  |  | $ | 218,647 |
Interim Condensed Statements of Income | Interim Condensed Statements of Income
|  |  | Three Months Ended March 31
|  |  |  |  | 2021 |  | 2020
Income |  |  |  |  |  |  |
Dividends from subsidiaries |  |  |  |  | $ | 1,300 |  |  | $ | 1,750 |
Interest income |  |  |  |  | — |  |  | 1 |
Other income (loss) |  |  |  |  | 6 |  |  | 1 |
Total income |  |  |  |  | 1,306 |  |  | 1,752 |
Expenses |  |  |  |  |  |  |
Occupancy and equipment |  |  |  |  | 16 |  |  | 15 |
Audit, consulting, and legal fees |  |  |  |  | 118 |  |  | 132 |
Director fees |  |  |  |  | 85 |  |  | 94 |
Other |  |  |  |  | 264 |  |  | 293 |
Total expenses |  |  |  |  | 483 |  |  | 534 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries |  |  |  |  | 823 |  |  | 1,218 |
Federal income tax benefit |  |  |  |  | 100 |  |  | 112 |
Income before equity in undistributed earnings of subsidiaries |  |  |  |  | 923 |  |  | 1,330 |
Undistributed earnings of subsidiaries |  |  |  |  | 4,475 |  |  | 1,734 |
Net income |  |  |  |  | $ | 5,398 |  |  | $ | 3,064 |
Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows
| Three Months Ended March 31
| 2021 |  | 2020
Operating activities |  |  |
Net income | $ | 5,398 |  |  | $ | 3,064 |
Adjustments to reconcile net income to cash provided by operations |  |  |
Undistributed earnings of subsidiaries | (4,475) |  |  | (1,734) |
Undistributed earnings of equity securities without readily determinable fair values | — |  |  | 94 |
Share-based payment awards under the Directors Plan | 160 |  |  | 123 |
Share-based payment awards under the RSP | 4 |  |  | — |
Depreciation | 13 |  |  | 11 |
Changes in operating assets and liabilities which provided (used) cash |  |  |
Other assets | 478 |  |  | (100) |
Other liabilities | 1,204 |  |  | 8 |
Net cash provided by (used in) operating activities | 2,782 |  |  | 1,466 |
Investing activities |  |  |
Financing activities |  |  |
Cash dividends paid on common stock | (2,130) |  |  | (2,122) |
Proceeds from the issuance of common stock | 387 |  |  | 1,330 |
Common stock repurchased | (1,149) |  |  | (1,168) |
Common stock purchased for deferred compensation obligations | (194) |  |  | (650) |
Net cash provided by (used in) financing activities | (3,086) |  |  | (2,610) |
Increase (decrease) in cash and cash equivalents | (304) |  |  | (1,144) |
Cash and cash equivalents at beginning of period | 2,670 |  |  | 1,360 |
Cash and cash equivalents at end of period | $ | 2,366 |  |  | $ | 216 |

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
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