XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.21.2

Parent Company Only Financial Information | 6 Months Ended
--- | ---
Jun. 30, 2021
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Interim Condensed Balance Sheets
| June 30 2021 |  | December 31 2020
ASSETS |  |  |
Cash on deposit at the Bank | $ | 28,027 |  |  | $ | 2,670 |
Investments in subsidiaries | 173,014 |  |  | 166,096 |
Premises and equipment | 1,504 |  |  | 1,529 |
Other assets | 47,800 |  |  | 48,352 |
TOTAL ASSETS | $ | 250,345 |  |  | $ | 218,647 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Subordinated debt, net of unamortized issuance costs | $ | 29,121 |  |  | $ | — |
Other liabilities | 234 |  |  | 59 |
Shareholders' equity | 220,990 |  |  | 218,588 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 250,345 |  |  | $ | 218,647 |
Interim Condensed Statements of Income | Interim Condensed Statements of Income
| Three Months Ended June 30 |  | Six Months Ended June 30
| 2021 |  | 2020 |  | 2021 |  | 2020
Income |  |  |  |  |  |  |
Dividends from subsidiaries | $ | 700 |  |  | $ | 1,850 |  |  | $ | 2,000 |  |  | $ | 3,600 |
Interest income | 1 |  |  | — |  |  | 1 |  |  | 1 |
Other income | 4 |  |  | 126 |  |  | 10 |  |  | 127 |
Total income | 705 |  |  | 1,976 |  |  | 2,011 |  |  | 3,728 |
Expenses |  |  |  |  |  |  |
Interest expense | 83 |  |  | — |  |  | 83 |  |  | — |
Occupancy and equipment | 17 |  |  | 15 |  |  | 33 |  |  | 30 |
Audit, consulting, and legal fees | 135 |  |  | 175 |  |  | 253 |  |  | 307 |
Director fees | 86 |  |  | 89 |  |  | 171 |  |  | 183 |
Other | 311 |  |  | 310 |  |  | 575 |  |  | 603 |
Total expenses | 632 |  |  | 589 |  |  | 1,115 |  |  | 1,123 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 73 |  |  | 1,387 |  |  | 896 |  |  | 2,605 |
Federal income tax benefit | 131 |  |  | 97 |  |  | 231 |  |  | 209 |
Income before equity in undistributed earnings of subsidiaries | 204 |  |  | 1,484 |  |  | 1,127 |  |  | 2,814 |
Undistributed earnings of subsidiaries | 4,417 |  |  | 2,703 |  |  | 8,892 |  |  | 4,437 |
Net income | $ | 4,621 |  |  | $ | 4,187 |  |  | $ | 10,019 |  |  | $ | 7,251 |
Interim Condensed Statements of Cash Flows | Interim Condensed Statements of Cash Flows
| Six Months Ended June 30
| 2021 |  | 2020
Operating activities |  |  |
Net income | $ | 10,019 |  |  | $ | 7,251 |
Adjustments to reconcile net income to cash provided by operations |  |  |
Undistributed earnings of subsidiaries | (8,892) |  |  | (4,437) |
Undistributed earnings of equity securities without readily determinable fair values | — |  |  | (31) |
Share-based payment awards under the Directors Plan | 256 |  |  | 233 |
Share-based payment awards under the RSP | 25 |  |  | — |
Amortization of subordinated debt issuance costs | 7 |  |  | — |
Depreciation | 25 |  |  | 23 |
Changes in operating assets and liabilities which provided (used) cash |  |  |
Other assets | 552 |  |  | (168) |
Other liabilities | 175 |  |  | 16 |
Net cash provided by (used in) operating activities | 2,167 |  |  | 2,887 |
Investing activities |  |  |
Financing activities |  |  |
Issuance of subordinated debt, net of unamortized issuance costs | 29,114 |  |  | — |
Cash dividends paid on common stock | (4,275) |  |  | (4,249) |
Proceeds from the issuance of common stock | 806 |  |  | 2,343 |
Common stock repurchased | (1,860) |  |  | (1,195) |
Common stock purchased for deferred compensation obligations | (595) |  |  | (970) |
Net cash provided by (used in) financing activities | 23,190 |  |  | (4,071) |
Increase (decrease) in cash and cash equivalents | 25,357 |  |  | (1,184) |
Cash and cash equivalents at beginning of period | 2,670 |  |  | 1,360 |
Cash and cash equivalents at end of period | $ | 28,027 |  |  | $ | 176 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements 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
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements 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
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration