XML 108 R51.htm IDEA: XBRL DOCUMENT

Note 24 - Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Condensed Balance Sheet [Table Text Block]

		2019				2018
Assets
Cash		$	9,778			$	12,257
Investment in subsidiaries, at cost, plus undistributed net income			81,399				68,357
Other assets			312				314
Total assets		$	91,489			$	80,928
Liabilities and Shareholders’ Equity
Subordinated debt		$	4,983			$	4,965
Junior subordinated debt			9,279				9,279
Other liabilities			8				10
Total liabilities		$	14,270			$	14,254
Preferred stock		$	—			$	—
Common stock			6,212				6,197
Surplus			7,700				7,471
Retained earnings			62,583				54,814
Accumulated other comprehensive income (loss), net			724				(1,808	)
Total shareholders’ equity		$	77,219			$	66,674
Total liabilities and shareholders’ equity		$	91,489			$	80,928

Condensed Income Statement [Table Text Block]

		2019				2018
Income
Dividends from subsidiary		$	3,600			$	4,000
Total income		$	3,600			$	4,000
Expense
Interest expense		$	782			$	757
Supplies			3				3
Legal and professional fees			137				143
Data processing			26				43
Management fee-subsidiary			283				284
Other expense			103				8
Total expense		$	1,334			$	1,238
Income before allocated tax benefits and undistributed income of subsidiary		$	2,266			$	2,762
Allocated income tax benefit			280				260
Income before equity in undistributed income of subsidiary		$	2,546			$	3,022
Equity in undistributed income of subsidiary			7,010				7,113
Net income		$	9,556			$	10,135

Condensed Cash Flow Statement [Table Text Block]

		2019				2018
Cash Flows from Operating Activities
Net income		$	9,556			$	10,135
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiary			(7,010	)			(7,113	)
Amortization of debt issuance costs			18				17
Decrease in other assets			2				13
(Decrease) increase in other liabilities			(2	)			6
Net cash provided by operating activities		$	2,564			$	3,058
Cash Flows from Financing Activities
Cash dividends paid on common stock, net of reinvestment		$	(1,674	)		$	(929	)
Distribution of capital to subsidiary			(3,500	)			—
Net proceeds from issuance of common stock			183				189
Repurchase of common stock			(52	)			(25	)
Net cash used in financing activities		$	(5,043	)		$	(765	)
(Decrease) increase in cash and cash equivalents		$	(2,479	)		$	2,293
Cash and Cash Equivalents
Beginning			12,257				9,964
Ending		$	9,778			$	12,257