XML 80 R42.htm IDEA: XBRL DOCUMENT
v3.23.1

Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Parent Company Only Condensed Financial Information [Abstract] |
Condensed Statements of Condition | CONDENSED STATEMENTS OF CONDITION
|  | Years ended December 31: |
Assets |  | 2022 |  |  | 2021 |
Cash and cash equivalents |  | $ | 4,697 |  |  | $ | 5,366 |
Investment in subsidiaries |  |  | 141,402 |  |  |  | 147,214 |
Notes receivable – subsidiaries |  |  | 2,365 |  |  |  | 2,123 |
Other assets |  |  | 259 |  |  |  | 38 |
Total assets |  | $ | 148,723 |  |  | $ | 154,741 |
Liabilities |  |  |  |  |  |  |  |
Notes payable |  | $ | 2,376 |  |  | $ | 2,138 |
Subordinated debentures |  |  | 8,500 |  |  |  | 8,500 |
Other liabilities |  |  | 2,819 |  |  |  | 2,747 |
Total liabilities |  |  | 13,695 |  |  |  | 13,385 |
Shareholders’ Equity |  |  |  |  |  |  |  |
Total shareholders’ equity |  |  | 135,028 |  |  |  | 141,356 |
Total liabilities and shareholders’ equity |  | $ | 148,723 |  |  | $ | 154,741 |
Condensed Statements of Income | CONDENSED STATEMENTS OF INCOME
|  | Years ended December 31: |
Income: |  | 2022 |  |  | 2021 |
Interest on notes |  | $ | 29 |  |  | $ | 20 |
Dividends from subsidiaries |  |  | 4,180 |  |  |  | 6,650 |
Expenses: |  |  |  |  |  |  |  |
Interest on notes |  |  | 29 |  |  |  | 31 |
Interest on subordinated debentures |  |  | 296 |  |  |  | 158 |
Operating expenses |  |  | 396 |  |  |  | 379 |
Income before income taxes and equity in undistributed earnings of subsidiaries |  |  | 3,488 |  |  |  | 6,102 |
Income tax benefit |  |  | 141 |  |  |  | 112 |
Equity in undistributed earnings of subsidiaries |  |  | 9,709 |  |  |  | 5,518 |
Net Income |  | $ | 13,338 |  |  | $ | 11,732 |
Other Comprehensive Income (loss), net of tax |  |  | (15,521 | ) |  |  | (1,728 | )
Comprehensive Income |  | $ | (2,183 | ) |  | $ | 10,004 |
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
|  | Years ended December 31: |
Cash flows from operating activities: |  | 2022 |  |  | 2021 |
Net Income |  | $ | 13,338 |  |  | $ | 11,732 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiaries |  |  | (9,709 | ) |  |  | (5,518 | )
Common stock issued to ESOP |  |  | 575 |  |  |  | — |
Change in other assets |  |  | (221 | ) |  |  | (6 | )
Change in other liabilities |  |  | 72 |  |  |  | 1,598 |
Net cash provided by operating activities |  |  | 4,055 |  |  |  | 7,806 |
Cash flows from investing activities: |  |  |  |  |  |  |  |
Change in notes receivable |  |  | (242 | ) |  |  | (520 | )
Net cash used in investing activities |  |  | (242 | ) |  |  | (520 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |
Change in notes payable |  |  | 238 |  |  |  | (1,060 | )
Purchases of treasury stock |  |  | — |  |  |  | (954 | )
Cash dividends paid |  |  | (4,720 | ) |  |  | (4,018 | )
Net cash used in financing activities |  |  | (4,482 | ) |  |  | (6,032 | )
Cash and cash equivalents: |  |  |  |  |  |  |  |
Change in cash and cash equivalents |  |  | (669 | ) |  |  | 1,254 |
Cash and cash equivalents at beginning of year |  |  | 5,366 |  |  |  | 4,112 |
Cash and cash equivalents at end of year |  | $ | 4,697 |  |  | $ | 5,366 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration