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Parent Company Only Financial Information
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Financial Information Parent Company Only Financial Information
Condensed Balance Sheets
December 31
20232022
ASSETS
Cash on deposit at the Bank$25,010 $8,525 
Investments in subsidiaries157,671 158,125 
Premises and equipment1,196 1,171 
Other assets47,949 47,922 
TOTAL ASSETS$231,826 $215,743 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Subordinated debt, net of unamortized issuance costs
$29,335 $29,245 
Other liabilities89 288 
Shareholders' equity202,402 186,210 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY$231,826 $215,743 
Condensed Statements of Income
Year Ended December 31
202320222021
Income
Dividends from subsidiaries$30,000 $6,000 $3,600 
Interest income191 15 12 
Other income13 14 17 
Total income30,204 6,029 3,629 
Expenses
Interest expense1,065 1,065 615 
Management fee952 900 854 
Audit, consulting, and legal fees577 522 590 
Director fees408 417 352 
Other354 339 358 
Total expenses3,356 3,243 2,769 
Income before income tax benefit and equity in undistributed earnings of subsidiaries26,848 2,786 860 
Federal income tax benefit654 670 500 
Income before equity in undistributed earnings of subsidiaries27,502 3,456 1,360 
Undistributed earnings of subsidiaries(9,335)18,782 18,139 
Net income$18,167 $22,238 $19,499 
Condensed Statements of Cash Flows
Year Ended December 31
202320222021
Operating activities
Net income$18,167 $22,238 $19,499 
Adjustments to reconcile net income to cash provided by operations
Undistributed earnings of subsidiaries9,335 (18,782)(18,139)
Share-based payment awards under the Directors Plan529 463 433 
Share-based payment awards under the RSP253 147 86 
Amortization of subordinated debt issuance costs90 87 52 
Depreciation52 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 activities28,200 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 stock1,617 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 equivalents16,485 (3,010)8,865 
Cash and cash equivalents at beginning of period8,525 11,535 2,670 
Cash and cash equivalents at end of period$25,010 $8,525 $11,535