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CONDENSED FINANCIAL INFORMATION - PARENT COMPANY ONLY (Tables)
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
Condensed Balance Sheets
December 31,December 31,
20222021
Assets
Cash and cash equivalents$19,221 $22,465 
Equity investments946 360 
Other assets386 386 
Investment in subsidiary219,714 206,427 
Total assets$240,267 $229,638 
Liabilities and Stockholders' Equity
Other borrowings$72,409 $58,426 
Other liabilities770 346 
Total liabilities73,179 58,772 
Total stockholders’ equity167,088 170,866 
Total liabilities and stockholders’ equity$240,267 $229,638 
Schedule of Statements of Operations
Statements of Operations
Year ended December 31,Year ended December 31,
20222021
Interest income$— $— 
Interest expense4,296 2,946 
Net interest expense(4,296)(2,946)
Dividend income from bank subsidiary6,000 12,500 
Non-interest income422 — 
Non-interest expense(918)(673)
Net income before benefit for income taxes and equity in undistributed income of subsidiaries1,208 8,881 
Benefit for income taxes1,310 989 
Net earnings before equity in undistributed income of subsidiaries2,518 9,870 
Equity in undistributed income of subsidiaries15,243 11,396 
Net income$17,761 $21,266 
Schedule of Statements of Cash flows
Statements of Cash Flows
Year ended December 31,Year ended December 31,
20222021
Change in cash and cash equivalents:
Cash flows from operating activities:
Net income$17,761 $21,266 
Depreciation expense13 12 
Net valuation gain on equity securities(422)— 
Stock based compensation expense3 8 
Adjustments to reconcile net income to net cash provided by operating activities - Equity in undistributed income of subsidiary(21,243)(23,896)
Net change in:
Other assets(14)(23)
Other liabilities424 (33)
Net cash used in operating activities(3,478)(2,666)
Cash flows from investing activities:
Purchase of equity investments(300)(360)
Equity investment capital distribution136 — 
Capital contribution to bank subsidiary(15,000)— 
Net cash used in investing activities(15,164)(360)
Cash flows from financing activities:
Proceeds from other borrowings, net of origination costs34,191 — 
Amortization of debt issuance costs398 98 
Other borrowings principal reductions(5,606)— 
Other borrowings called and repaid(15,000)— 
Repurchase shares of common stock(1,764)(7,951)
Surrender of restricted shares of common stock(150)(30)
Common stock options exercised71 52 
Dividend from bank subsidiary6,000 12,500 
Cash dividends paid(2,742)(2,511)
Net cash provided by financing activities15,398 2,158 
Net decrease in cash and cash equivalents(3,244)(868)
Cash and cash equivalents at beginning of year22,465 23,333 
Cash and cash equivalents at end of year$19,221 $22,465