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Parent Company Only Financial Information
3 Months Ended
Mar. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Financial Information Parent Company Only Financial Information
Interim Condensed Balance Sheets
March 31
2021
December 31
2020
ASSETS
Cash on deposit at the Bank$2,366 $2,670 
Investments in subsidiaries167,788 166,096 
Premises and equipment1,517 1,529 
Other assets47,874 48,352 
TOTAL ASSETS$219,545 $218,647 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Other liabilities$1,263 $59 
Shareholders' equity218,282 218,588 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$219,545 $218,647 
Interim Condensed Statements of Income
Three Months Ended 
 March 31
20212020
Income
Dividends from subsidiaries$1,300 $1,750 
Interest income— 
Other income (loss)
Total income1,306 1,752 
Expenses
Occupancy and equipment16 15 
Audit, consulting, and legal fees118 132 
Director fees85 94 
Other264 293 
Total expenses483 534 
Income before income tax benefit and equity in undistributed earnings of subsidiaries823 1,218 
Federal income tax benefit100 112 
Income before equity in undistributed earnings of subsidiaries923 1,330 
Undistributed earnings of subsidiaries4,475 1,734 
Net income$5,398 $3,064 
Interim Condensed Statements of Cash Flows
Three Months Ended 
 March 31
20212020
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 Plan160 123 
Share-based payment awards under the RSP— 
Depreciation13 11 
Changes in operating assets and liabilities which provided (used) cash
Other assets478 (100)
Other liabilities1,204 
Net cash provided by (used in) operating activities2,782 1,466 
Investing activities
Financing activities
Cash dividends paid on common stock(2,130)(2,122)
Proceeds from the issuance of common stock387 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 period2,670 1,360 
Cash and cash equivalents at end of period$2,366 $216