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Condensed Financial Statements of Parent Company | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Statements of Parent Company | Parent Company Condensed Financial Statements The following tables present the Parent Company-only condensed financial statements: 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
|  | 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
|  | 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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- 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 http://asc.fasb.org/extlink&oid=120391182&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 http://asc.fasb.org/extlink&oid=123454820&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 http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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