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Parent Company Only Financial Information (Interim Condensed Statements of Income) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Expenses        
Interest Expense $ 4,816 $ 1,175 $ 8,060 $ 2,458
Occupancy and equipment 993 929 1,998 1,895
Professional Fees 557 605 1,092 1,154
Noninterest Expense Directors Fees 198 187 402 388
Other 3,372 3,253 6,379 6,083
Federal income tax benefit (918) (1,081) (2,002) (2,016)
NET INCOME 4,630 5,295 9,951 10,029
Parent Company [Member]        
Income        
Dividends from subsidiaries 8,333 1,000 13,333 1,800
Interest income 25 2 47 5
Management fee and other 3 3 6 7
Total income 8,361 1,005 13,386 1,812
Expenses        
Interest Expense 266 266 532 532
Management Fee Expense 238 225 476 450
Professional Fees 169 156 288 276
Noninterest Expense Directors Fees 112 99 223 205
Other 89 101 180 173
Total expenses 874 847 1,699 1,636
Income before income tax benefit and equity in undistributed earnings of subsidiaries 7,487 158 11,687 176
Federal income tax benefit 175 177 343 340
Income before equity in undistributed earnings of subsidiaries 7,662 335 12,030 516
Income (Loss) from Subsidiaries, Net of Tax (3,032) 4,960 (2,079) 9,513
NET INCOME $ 4,630 $ 5,295 $ 9,951 $ 10,029