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PARENT COMPANY FINANCIAL INFORMATION (Tables)
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets

Condensed Balance Sheets

PARENT COMPANY FINANCIAL INFORMATION
         
   At December 31, 
(Dollars in thousands)  2021   2020 
Assets:        
Cash on deposit   $3,335   $3,357 
Interest bearing deposits         
Securities purchased under agreement to resell         
Investment in bank subsidiary    151,519    147,140 
Other    1,353    1,046 
Total assets   $156,207   $151,543 
Liabilities:          
Junior subordinated debentures   $14,964   $14,964 
Other    245    242 
Total liabilities    15,209    15,206 
Shareholders’ equity    140,998    136,337 
Total liabilities and shareholders’ equity   $156,207   $151,543 
Condensed Statements of Operations

Condensed Statements of Operations

PARENT COMPANY FINANCIAL INFORMATION (Details 2)
             
   Year ended December 31, 
(Dollars in thousands)  2021   2020   2019 
Income:               
Interest and dividend income   $13   $17   $24 
Equity in undistributed earnings of subsidiary    12,386    6,759    4,776 
Dividend income from bank subsidiary    4,019    4,158    7,057 
Total income    16,418    10,934    11,857 
Expenses:               
Interest expense    416    536    760 
Other    772    518    381 
Total expense    1,188    1,055    1,141 
Income before taxes    15,230    9,879    10,716 
Income tax benefit    (235)   (219)   (255)
Net income   $15,465   $10,099   $10,971 
Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

PARENT COMPANY FINANCIAL INFORMATION (Details 3)
             
   Year ended December 31, 
(Dollars in thousands)  2021   2020   2019 
Cash flows from operating activities:               
Net income   $15,465   $10,099   $10,971 
Adjustments to reconcile net income to net cash provided by operating activities               
Equity in undistributed earnings of subsidiary    (12,386)   (6,759)   (4,776)
Other-net    145    42    322 
Net cash provided by operating activities    3,224    3,382    6,517 
Cash flows from investing activities:               
Purchase of investments at cost    (87)        
Net cash provided by investing activities    (87)        
Cash flows from financing activities:               
Dividends paid: common stock    (3,593)   (3,573)   (3,306)
Repurchase of common stock           (5,636)
Proceeds from issuance of common stock    46    4     
Dividend Reinvestment Plan   368    372    570 
Issuance of restricted stock           (75)
Restricted shares surrendered    (70)   (15)   (159)
Deferred compensation shares    90    200    265 
Net cash used in financing activities    (3,159)   (3,012)   (8,341)
Increase (decrease) in cash and cash equivalents    (22)   370    (1,824)
Cash and cash equivalents at beginning of year    3,357    2,987    4,811 
Cash and cash equivalents at end of year   $3,335   $3,357   $2,987