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Parent Company Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Condensed Balance Sheets
| December 31
| 2023 |  | 2022
ASSETS |  |  |
Cash on deposit at the Bank | $ | 25,010 |  |  | $ | 8,525 |
Investments in subsidiaries | 157,671 |  |  | 158,125 |
Premises and equipment | 1,196 |  |  | 1,171 |
Other assets | 47,949 |  |  | 47,922 |
TOTAL ASSETS | $ | 231,826 |  |  | $ | 215,743 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |
Subordinated debt, net of unamortized issuance costs | $ | 29,335 |  |  | $ | 29,245 |
Other liabilities | 89 |  |  | 288 |
Shareholders' equity | 202,402 |  |  | 186,210 |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ | 231,826 |  |  | $ | 215,743 |
Interim Condensed Statements of Income | Condensed Statements of Income
| Year Ended December 31
| 2023 |  | 2022 |  | 2021
Income |  |  |  |  |
Dividends from subsidiaries | $ | 30,000 |  |  | $ | 6,000 |  |  | $ | 3,600 |
Interest income | 191 |  |  | 15 |  |  | 12 |
Other income | 13 |  |  | 14 |  |  | 17 |
Total income | 30,204 |  |  | 6,029 |  |  | 3,629 |
Expenses |  |  |  |  |
Interest expense | 1,065 |  |  | 1,065 |  |  | 615 |
Management fee | 952 |  |  | 900 |  |  | 854 |
Audit, consulting, and legal fees | 577 |  |  | 522 |  |  | 590 |
Director fees | 408 |  |  | 417 |  |  | 352 |
Other | 354 |  |  | 339 |  |  | 358 |
Total expenses | 3,356 |  |  | 3,243 |  |  | 2,769 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 26,848 |  |  | 2,786 |  |  | 860 |
Federal income tax benefit | 654 |  |  | 670 |  |  | 500 |
Income before equity in undistributed earnings of subsidiaries | 27,502 |  |  | 3,456 |  |  | 1,360 |
Undistributed earnings of subsidiaries | (9,335) |  |  | 18,782 |  |  | 18,139 |
Net income | $ | 18,167 |  |  | $ | 22,238 |  |  | $ | 19,499 |
Interim Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
| Year Ended December 31
| 2023 |  | 2022 |  | 2021
Operating activities |  |  |  |  |
Net income | $ | 18,167 |  |  | $ | 22,238 |  |  | $ | 19,499 |
Adjustments to reconcile net income to cash provided by operations |  |  |  |  |
Undistributed earnings of subsidiaries | 9,335 |  |  | (18,782) |  |  | (18,139) |
Share-based payment awards under the Directors Plan | 529 |  |  | 463 |  |  | 433 |
Share-based payment awards under the RSP | 253 |  |  | 147 |  |  | 86 |
Amortization of subordinated debt issuance costs | 90 |  |  | 87 |  |  | 52 |
Depreciation | 52 |  |  | 50 |  |  | 50 |
Deferred income tax expense (benefit) | 228 |  |  | (133) |  |  | (267) |
Changes in operating assets and liabilities which provided (used) cash |  |  |  |  |
Other assets | (255) |  |  | 1,383 |  |  | (304) |
Other liabilities | (199) |  |  | 160 |  |  | 70 |
Net cash provided by (used in) operating activities | 28,200 |  |  | 5,613 |  |  | 1,480 |
Investing activities |  |  |  |  |
Purchase of equity investments | — |  |  | (250) |  |  | — |
Net (purchases) sales of premises and equipment | (77) |  |  | 260 |  |  | (2) |
Net cash provided by (used in) investing activities | (77) |  |  | 10 |  |  | (2) |
Financing activities |  |  |  |  |
Issuance of subordinated debt, net of unamortized issuance costs | — |  |  | — |  |  | 29,106 |
Cash dividends paid on common stock | (8,216) |  |  | (8,082) |  |  | (8,367) |
Proceeds from the issuance of common stock | 1,617 |  |  | 1,762 |  |  | 1,593 |
Common stock repurchased | (3,415) |  |  | (1,124) |  |  | (13,758) |
Common stock purchased for deferred compensation obligations | (1,624) |  |  | (1,189) |  |  | (1,187) |
Net cash provided by (used in) financing activities | (11,638) |  |  | (8,633) |  |  | 7,387 |
Increase (decrease) in cash and cash equivalents | 16,485 |  |  | (3,010) |  |  | 8,865 |
Cash and cash equivalents at beginning of period | 8,525 |  |  | 11,535 |  |  | 2,670 |
Cash and cash equivalents at end of period | $ | 25,010 |  |  | $ | 8,525 |  |  | $ | 11,535 |

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