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Parent Company Only Financial Information
12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Financial Information Parent Company Only Financial Information
Condensed Balance Sheets
December 31
20222021
ASSETS
Cash on deposit at the Bank$8,525 $11,535 
Investments in subsidiaries158,125 178,395 
Premises and equipment1,171 1,482 
Other assets47,922 48,923 
TOTAL ASSETS$215,743 $240,335 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Subordinated debt, net of unamortized issuance costs
$29,245 $29,158 
Other liabilities288 129 
Shareholders' equity186,210 211,048 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$215,743 $240,335 
Condensed Statements of Income
Year Ended December 31
202220212020
Income
Dividends from subsidiaries$6,000 $3,600 $9,300 
Interest income15 12 
Net income on CSS joint venture— — 577 
Other income14 17 — 
Total income6,029 3,629 9,878 
Expenses
Interest expense1,065 615 
Occupancy and equipment67 67 61 
Audit, consulting, and legal fees522 590 573 
Director fees417 352 356 
Other1,172 1,145 1,167 
Total expenses3,243 2,769 2,162 
Income before income tax benefit and equity in undistributed earnings of subsidiaries2,786 860 7,716 
Federal income tax benefit670 500 216 
Income before equity in undistributed earnings of subsidiaries3,456 1,360 7,932 
Undistributed earnings of subsidiaries18,782 18,139 2,953 
Net income$22,238 $19,499 $10,885 
Condensed Statements of Cash Flows
Year Ended December 31
202220212020
Operating activities
Net income$22,238 $19,499 $10,885 
Adjustments to reconcile net income to cash provided by operations
Undistributed earnings of subsidiaries(18,782)(18,139)(2,953)
Undistributed earnings of equity securities without readily determinable fair values— — (394)
Loss on sale of joint venture investment— — 394 
Share-based payment awards under the Directors Plan463 433 413 
Share-based payment awards under the RSP147 86 14 
Amortization of subordinated debt issuance costs87 52 — 
Depreciation50 50 47 
Deferred income tax expense (benefit)(133)(267)351 
Changes in operating assets and liabilities which provided (used) cash
Other assets1,383 (304)183 
Other liabilities160 70 40 
Net cash provided by (used in) operating activities5,613 1,480 8,980 
Investing activities
Purchase of equity investments(250)— — 
Sale of joint venture investment— — 1,000 
Net sales (purchases) of premises and equipment260 (2)(37)
Net cash provided by (used in) investing activities10 (2)963 
Financing activities
Issuance of subordinated debt, net of unamortized issuance costs
— 29,106 — 
Cash dividends paid on common stock(8,082)(8,367)(8,524)
Proceeds from the issuance of common stock1,762 1,593 4,185 
Common stock repurchased(1,124)(13,758)(2,702)
Common stock purchased for deferred compensation obligations(1,189)(1,187)(1,592)
Net cash provided by (used in) financing activities(8,633)7,387 (8,633)
Increase (decrease) in cash and cash equivalents(3,010)8,865 1,310 
Cash and cash equivalents at beginning of period11,535 2,670 1,360 
Cash and cash equivalents at end of period$8,525 $11,535 $2,670