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Parent Company Only Financial Information
9 Months Ended
Sep. 30, 2021
Condensed Financial Information Disclosure [Abstract]  
Interim Condensed Balance Sheets Interim Condensed Balance Sheets
September 30
2021
December 31
2020
ASSETS
Cash on deposit at the Bank$25,844 $2,670 
Investments in subsidiaries176,212 166,096 
Premises and equipment1,492 1,529 
Other assets47,679 48,352 
TOTAL ASSETS$251,227 $218,647 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Subordinated debt, net of unamortized issuance costs
$29,136 $— 
Other liabilities449 59 
Shareholders' equity221,642 218,588 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$251,227 $218,647 
Interim Condensed Statements of Income Interim Condensed Statements of Income
Three Months Ended 
 September 30
Nine Months Ended 
 September 30
2021202020212020
Income
Dividends from subsidiaries$800 $2,600 $2,800 $6,200 
Interest income— 
Other income181 14 308 
Total income811 2,781 2,822 6,509 
Expenses
Interest expense266 349 
Occupancy and equipment16 15 49 45 
Audit, consulting, and legal fees187 119 440 426 
Director fees87 86 258 269 
Other277 279 852 881 
Total expenses833 502 1,948 1,625 
Income before income tax benefit and equity in undistributed earnings of subsidiaries(22)2,279 874 4,884 
Federal income tax benefit172 67 403 276 
Income before equity in undistributed earnings of subsidiaries150 2,346 1,277 5,160 
Undistributed earnings of subsidiaries4,536 2,011 13,428 6,448 
Net income$4,686 $4,357 $14,705 $11,608 
Interim Condensed Statements of Cash Flows Interim Condensed Statements of Cash Flows
Nine Months Ended 
 September 30
20212020
Operating activities
Net income$14,705 $11,608 
Adjustments to reconcile net income to cash provided by operations
Undistributed earnings of subsidiaries(13,428)(6,448)
Undistributed earnings of equity securities without readily determinable fair values— (61)
Share-based payment awards under the Directors Plan343 334 
Share-based payment awards under the RSP58 — 
Amortization of subordinated debt issuance costs30 — 
Depreciation38 34 
Changes in operating assets and liabilities which provided (used) cash
Other assets673 (236)
Other liabilities390 19 
Net cash provided by (used in) operating activities2,809 5,250 
Investing activities
Financing activities
Issuance of subordinated debt, net of unamortized issuance costs
29,106 — 
Cash dividends paid on common stock(6,369)(6,386)
Proceeds from the issuance of common stock1,196 3,274 
Common stock repurchased(2,699)(1,619)
Common stock purchased for deferred compensation obligations(869)(1,252)
Net cash provided by (used in) financing activities20,365 (5,983)
Increase (decrease) in cash and cash equivalents23,174 (733)
Cash and cash equivalents at beginning of period2,670 1,360 
Cash and cash equivalents at end of period$25,844 $627