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Note 20 - Parent Company (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Condensed Balance Sheet [Table Text Block]

CONDENSED BALANCE SHEET

 

(Dollar amounts in thousands)

 
  

December 31,

 
  

2024

  

2023

 

ASSETS

        

Cash and due from banks

 $4,036  $4,065 

Other investments

  503   544 

Investment in nonbank subsidiary

  1   1 

Investment in bank subsidiary

  213,720   208,098 

Other assets

  1,168   2,125 

TOTAL ASSETS

 $219,428  $214,833 
         

LIABILITIES

        

Other borrowings

 $8,248  $8,248 

Other liabilities

  618   904 

TOTAL LIABILITIES

  8,866   9,152 
         

STOCKHOLDERS' EQUITY

  210,562   205,681 
         

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

 $219,428  $214,833 

 

Condensed Income Statement [Table Text Block]

CONDENSED STATEMENT OF OPERATIONS

(Dollar amounts in thousands)

  

Year Ended December 31,

 
  

2024

  

2023

 

INCOME

        

Dividends from bank subsidiary

 $9,500  $17,000 

Loss on equity securities

  (40)  (100)

Other income

  2   3 

Total income

  9,462   16,903 
         

EXPENSES

        

Interest expense

  597   605 

Salaries and employee benefits

  1,074   751 

Ohio state franchise tax

  1,583   1,578 

Other expense

  1,246   1,032 

Total expenses

  4,500   3,966 
         

Income before income taxes

  4,962   12,937 
         

Income taxes

  (953)  (854)
         

Income before equity in undistributed net income of subsidiaries

  5,915   13,791 
         

Equity in undistributed net income of subsidiaries

  9,604   3,578 
         

NET INCOME

 $15,519  $17,368 
         

COMPREHENSIVE INCOME

 $11,536  $23,422 
Condensed Cash Flow Statement [Table Text Block]

CONDENSED STATEMENT OF CASH FLOWS

(Dollar amounts in thousands)

  

Year Ended December 31,

 
  

2024

  

2023

 

OPERATING ACTIVITIES

        

Net income

 $15,519  $17,368 

Adjustments to reconcile net income to net cash provided by operating activities:

        

Equity in undistributed net income of subsidiaries

  (9,604)  (3,578)

Stock-based compensation, net

  374   260 

Loss on equity securities

  41   100 

Other, net

  1,153   1,084 

Net cash provided by operating activities

  7,483   15,234 
         

FINANCING ACTIVITIES

        

Repurchase of common shares

  (1,055)  (4,506)

Cash dividends

  (6,457)  (6,864)

Net cash used in financing activities

  (7,512)  (11,370)
         

Increase (decrease) in cash

  (29)  3,864 
         

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR

  4,065   201 
         

CASH AND CASH EQUIVALENTS AT END OF YEAR

 $4,036  $4,065