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Parent Company Only Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Interim Condensed Balance Sheets | Condensed Balance Sheets
| December 31
| 2024 |  | 2023
Assets |  |  |
Cash on deposit at the Bank | $ | 34,498 |  |  | $ | 25,010 |
Investments in subsidiaries | 156,486 |  |  | 157,671 |
Premises and equipment | 1,140 |  |  | 1,196 |
Other assets | 47,663 |  |  | 47,949 |
Total assets | $ | 239,787 |  |  | $ | 231,826 |
Liabilities and Shareholders' Equity |  |  |
Subordinated debt, net of unamortized issuance costs | $ | 29,424 |  |  | $ | 29,335 |
Other liabilities | 87 |  |  | 89 |
Shareholders' equity | 210,276 |  |  | 202,402 |
Total liabilities and shareholders' equity | $ | 239,787 |  |  | $ | 231,826 |
Interim Condensed Statements of Income | Condensed Statements of Income
| Year Ended December 31
| 2024 |  | 2023 |  | 2022
Income |  |  |  |  |
Dividends from subsidiaries | $ | 22,000 |  |  | $ | 30,000 |  |  | $ | 6,000 |
Interest income | 511 |  |  | 191 |  |  | 15 |
Other income | 11 |  |  | 13 |  |  | 14 |
Total income | 22,522 |  |  | 30,204 |  |  | 6,029 |
Expenses |  |  |  |  |
Management fee | 1,188 |  |  | 952 |  |  | 900 |
Interest expense | 1,065 |  |  | 1,065 |  |  | 1,065 |
Audit, consulting, and legal fees | 561 |  |  | 577 |  |  | 522 |
Director fees | 357 |  |  | 408 |  |  | 417 |
Other | 362 |  |  | 354 |  |  | 339 |
Total expenses | 3,533 |  |  | 3,356 |  |  | 3,243 |
Income before income tax benefit and equity in undistributed earnings of subsidiaries | 18,989 |  |  | 26,848 |  |  | 2,786 |
Federal income tax benefit | 626 |  |  | 654 |  |  | 670 |
Income before equity in undistributed earnings of subsidiaries | 19,615 |  |  | 27,502 |  |  | 3,456 |
Undistributed earnings of subsidiaries | (5,726) |  |  | (9,335) |  |  | 18,782 |
Net income | $ | 13,889 |  |  | $ | 18,167 |  |  | $ | 22,238 |
Interim Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
| Year Ended December 31
| 2024 |  | 2023 |  | 2022
Operating activities |  |  |  |  |
Net income | $ | 13,889 |  |  | $ | 18,167 |  |  | $ | 22,238 |
Adjustments to reconcile net income to cash provided by operations |  |  |  |  |
Undistributed earnings of subsidiaries | 5,726 |  |  | 9,335 |  |  | (18,782) |
Share-based payment awards | 476 |  |  | 782 |  |  | 610 |
Amortization of subordinated debt issuance costs | 89 |  |  | 90 |  |  | 87 |
Depreciation | 56 |  |  | 52 |  |  | 50 |
Deferred income tax expense (benefit) | 313 |  |  | 228 |  |  | (133) |
Net changes in: |  |  |  |  |
Other assets | (27) |  |  | (255) |  |  | 1,383 |
Other liabilities | (2) |  |  | (199) |  |  | 160 |
Net cash provided by (used in) operating activities | 20,520 |  |  | 28,200 |  |  | 5,613 |
Investing activities |  |  |  |  |
Purchase of equity investments | — |  |  | — |  |  | (250) |
Net (purchases) sales of premises and equipment | — |  |  | (77) |  |  | 260 |
Net cash provided by (used in) investing activities | — |  |  | (77) |  |  | 10 |
Financing activities |  |  |  |  |
Cash dividends paid on common stock | (8,147) |  |  | (8,216) |  |  | (8,082) |
Proceeds from the issuance of common stock | 1,523 |  |  | 1,617 |  |  | 1,762 |
Common stock repurchased | (3,076) |  |  | (3,415) |  |  | (1,124) |
Common stock purchased for deferred compensation obligations | (1,332) |  |  | (1,624) |  |  | (1,189) |
Net cash provided by (used in) financing activities | (11,032) |  |  | (11,638) |  |  | (8,633) |
Increase (decrease) in cash and cash equivalents | 9,488 |  |  | 16,485 |  |  | (3,010) |
Cash and cash equivalents at beginning of period | 25,010 |  |  | 8,525 |  |  | 11,535 |
Cash and cash equivalents at end of period | $ | 34,498 |  |  | $ | 25,010 |  |  | $ | 8,525 |

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