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Note 20 - Parent Company | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
20. | PARENT COMPANY
Following are condensed financial statements for the Company.
CONDENSED BALANCE SHEET
(Dollar amounts in thousands) |  | December 31, |
|  | 2022 |  |  | 2021 |
ASSETS |  |  |  |  |  |  |  |
Cash and due from banks |  | $ | 201 |  |  | $ | 805 |
Equity securities, at fair value |  |  | 645 |  |  |  | 818 |
Investment in nonbank subsidiary |  |  | 1 |  |  |  | 1 |
Investment in subsidiary bank |  |  | 202,887 |  |  |  | 150,588 |
Other assets |  |  | 2,984 |  |  |  | 1,371 |
TOTAL ASSETS |  | $ | 206,718 |  |  | $ | 153,583 |
LIABILITIES |  |  |  |  |  |  |  |
Trust preferred debt |  | $ | 8,248 |  |  | $ | 8,248 |
Other liabilities |  |  | 779 |  |  |  | - |
TOTAL LIABILITIES |  |  | 9,027 |  |  |  | 8,248 |
STOCKHOLDERS' EQUITY |  |  | 197,691 |  |  |  | 145,335 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |  | $ | 206,718 |  |  | $ | 153,583 |
CONDENSED STATEMENT OF COMPREHENSIVE (LOSS) INCOME
|  | Year Ended December 31, |
(Dollar amounts in thousands) |  | 2022 |  |  | 2021 |
INCOME |  |  |  |  |  |  |  |
Dividends from subsidiary bank |  | $ | 15,500 |  |  | $ | 18,600 |
(Loss) gain on equity securities |  |  | (173 | ) |  |  | 209 |
Other |  |  | 7 |  |  |  | 5 |
Total income |  |  | 15,334 |  |  |  | 18,814 |
EXPENSES |  |  |  |  |  |  |  |
Interest expense |  |  | 288 |  |  |  | 151 |
Salaries and employee benefits |  |  | 667 |  |  |  | 842 |
Ohio state franchise tax |  |  | 1,157 |  |  |  | 1,144 |
Other |  |  | 3,434 |  |  |  | 742 |
Total expenses |  |  | 5,546 |  |  |  | 2,879 |
Income before income tax benefit |  |  | 9,788 |  |  |  | 15,935 |
Income tax benefit |  |  | (1,024 | ) |  |  | (560 | )
Income before equity in undistributed net income of subsidiaries |  |  | 10,812 |  |  |  | 16,495 |
Equity in undistributed net income of subsidiaries |  |  | 4,861 |  |  |  | 2,138 |
NET INCOME |  | $ | 15,673 |  |  | $ | 18,633 |
Comprehensive (loss) income |  | $ | (9,933 | ) |  | $ | 17,811 |
CONDENSED STATEMENT OF CASH FLOWS
|  | Year Ended December 31, |
(Dollar amounts in thousands) |  | 2022 |  |  | 2021 |
OPERATING ACTIVITIES |  |  |  |  |  |  |  |
Net income |  | $ | 15,673 |  |  | $ | 18,633 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed net income of Subsidiaries |  |  | (4,861 | ) |  |  | (2,138 | )
Stock-based compensation |  |  | 307 |  |  |  | 398 |
Loss (gain) on equity securities |  |  | 173 |  |  |  | (209 | )
Other, net |  |  | (297 | ) |  |  | (664 | )
Net cash provided by operating activities |  |  | 10,995 |  |  |  | 16,020 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |
Acquisition, net of cash paid |  |  | 10 |  |  |  | - |
FINANCING ACTIVITIES |  |  |  |  |  |  |  |
Stock options exercised |  |  | - |  |  |  | 94 |
Repurchase of treasury shares |  |  | (6,119 | ) |  |  | (12,291 | )
Cash dividends |  |  | (5,490 | ) |  |  | (4,240 | )
Net cash used in financing activities |  |  | (11,609 | ) |  |  | (16,437 | )
Decrease in cash |  |  | (604 | ) |  |  | (417 | )
CASH AT BEGINNING OF YEAR |  |  | 805 |  |  |  | 1,222 |
CASH AT END OF YEAR |  | $ | 201 |  |  | $ | 805 |
SUPPLEMENTAL INFORMATION |  |  |  |  |  |  |  |
Common stock issued in business acquisition |  | $ | 73,265 |  |  | $ | - |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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