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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | Condensed Balance Sheets
|  | December 31,
($ in thousands) |  | 2021 |  | 2020
Assets |  |  |  |
Cash and cash equivalents |  | $ | 2,431 |  |  | $ | 3,468 |
Investment in bank subsidiary |  | 162,666 |  |  | 140,311 |
Deferred tax assets |  | 22 |  |  | 25 |
Other assets |  | 136 |  |  | 9 |
Total assets |  | $ | 165,255 |  |  | $ | 143,813 |
Liabilities and Shareholders' Equity |  |  |  |
Other liabilities |  | $ | 33 |  |  | $ | 447 |
Shareholders’ equity |  | 165,222 |  |  | 143,366 |
Total liabilities and shareholders' equity |  | $ | 165,255 |  |  | $ | 143,813 |
Condensed Statements of Income and Comprehensive Income | Condensed Statements of Income and Comprehensive Income
|  | Year Ended December 31,
($ in thousands) |  | 2021 |  | 2020 |  | 2019
Income |  |  |  |  |  |
Dividends from bank subsidiary |  | $ | 5,123 |  |  | $ | 13,921 |  |  | $ | 11,390 |
Expense |  |  |  |  |  |
Salaries and employee benefits |  | 226 |  |  | 325 |  |  | 785 |
Occupancy and equipment |  | 65 |  |  | 74 |  |  | 110 |
FDIC insurance and regulatory assessments |  | 8 |  |  | 1 |  |  | — |
Directors’ fees |  | 135 |  |  | 527 |  |  | — |
Other expense |  | 169 |  |  | 120 |  |  | 116 |
Total expense |  | 603 |  |  | 1,047 |  |  | 1,011 |
Income before income tax benefit and undistributed net income of bank subsidiary |  | 4,520 |  |  | 12,874 |  |  | 10,379 |
Income tax benefit |  | 141 |  |  | 275 |  |  | 288 |
Equity in undistributed net income (loss) of bank subsidiary |  | 24,178 |  |  | (22) |  |  | 6,090 |
Net income |  | 28,839 |  |  | 13,127 |  |  | 16,757 |
Other comprehensive (loss) income, net of tax |  | (2,037) |  |  | 652 |  |  | 736 |
Comprehensive income |  | $ | 26,802 |  |  | $ | 13,779 |  |  | $ | 17,493 |
Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
|  | Year Ended December 31,
($ in thousands) |  | 2021 |  | 2020 |  | 2019
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 28,839 |  |  | $ | 13,127 |  |  | $ | 16,757 |
Adjustments: |  |  |  |  |  |
Equity in undistributed net loss of bank subsidiary |  | (29,301) |  |  | (13,899) |  |  | (17,480) |
Change in other assets |  | (124) |  |  | 107 |  |  | 6 |
Change in other liabilities |  | (414) |  |  | 359 |  |  | 88 |
Net cash used in operating activities |  | (1,000) |  |  | (306) |  |  | (629) |
Cash flows from investing activities |  |  |  |  |  |
Net cash from investing activities |  | — |  |  | — |  |  | — |
Cash flows from financing activities |  |  |  |  |  |
Repurchase of common stock |  | (28) |  |  | (8,104) |  |  | (5,391) |
Cash dividend paid on common stock |  | (5,132) |  |  | (4,262) |  |  | (3,151) |
Proceeds from subsidiaries |  | 5,123 |  |  | 13,921 |  |  | 11,390 |
Net cash (used in) provided by financing activities |  | (37) |  |  | 1,555 |  |  | 2,848 |
Net change in cash and cash equivalents |  | (1,037) |  |  | 1,249 |  |  | 2,219 |
Cash and cash equivalents at beginning of year |  | 3,468 |  |  | 2,219 |  |  | — |
Cash and cash equivalents at end of year |  | $ | 2,431 |  |  | $ | 3,468 |  |  | $ | 2,219 |

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