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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, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Expenses        
Interest Expense $ 6,183 $ 1,216 $ 14,243 $ 3,674
Occupancy and equipment 923 918 2,921 2,813
Professional Fees 672 595 1,764 1,749
Noninterest Expense Directors Fees 179 210 581 598
Other 3,484 3,140 9,863 9,223
Federal income tax benefit (937) (1,233) (2,939) (3,249)
NET INCOME 4,413 5,887 14,364 15,916
Parent Company [Member]        
Income        
Dividends from subsidiaries 8,333 1,200 21,666 3,000
Interest income 56 3 103 8
Management fee and other 4 3 10 10
Total income 8,393 1,206 21,779 3,018
Expenses        
Interest Expense 267 266 799 798
Management Fee Expense 238 225 714 675
Professional Fees 138 135 426 411
Noninterest Expense Directors Fees 92 108 315 313
Other 87 67 267 240
Total expenses 822 801 2,521 2,437
Income before income tax benefit and equity in undistributed earnings of subsidiaries 7,571 405 19,258 581
Federal income tax benefit 157 167 500 507
Income before equity in undistributed earnings of subsidiaries 7,728 572 19,758 1,088
Income (Loss) from Subsidiaries, Net of Tax (3,315) 5,315 (5,394) 14,828
NET INCOME $ 4,413 $ 5,887 $ 14,364 $ 15,916