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Parent Company Only Financial Information (Interim Condensed Statements of Income) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income        
Interest Expense $ 1,216 $ 1,829 $ 3,674 $ 5,845
Expenses        
Occupancy and equipment 918 866 2,813 2,726
Professional Fees 595 665 1,749 1,553
Noninterest Expense Directors Fees 210 166 598 505
Other 3,140 2,854 9,223 8,029
Federal income tax benefit (1,233) (916) (3,249) (2,838)
NET INCOME 5,887 4,686 15,916 14,705
Parent Company [Member]        
Income        
Dividends from subsidiaries 1,200 800 3,000 2,800
Interest income 3 7 8 8
Management fee and other 3 4 10 14
Total income 1,206 811 3,018 2,822
Interest Expense 266 266 798 349
Expenses        
Occupancy and equipment 17 16 50 49
Professional Fees 135 187 411 440
Noninterest Expense Directors Fees 108 87 313 258
Other 275 277 865 852
Total expenses 801 833 2,437 1,948
Income before income tax benefit and equity in undistributed earnings of subsidiaries 405 (22) 581 874
Federal income tax benefit 167 172 507 403
Income before equity in undistributed earnings of subsidiaries 572 150 1,088 1,277
Income (Loss) from Subsidiaries, Net of Tax 5,315 4,536 14,828 13,428
NET INCOME $ 5,887 $ 4,686 $ 15,916 $ 14,705