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Parent Company Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Statements | The following is condensed financial information of the parent company as of December 31, 2022 and 2021 and for the years ended December 31, 2022, 2021 and 2020: Schedule of Condensed Financial Statements Condensed Balance Sheets
(Dollars in thousands) |  | As of December 31, |
|  | 2022 |  |  | 2021 |
Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 166 |  |  | $ | 1,121 |
Interest-bearing deposits at other banks |  |  | 214 |  |  |  | 214 |
Investment in subsidiaries |  |  | 140,802 |  |  |  | 154,978 |
Other |  |  | 959 |  |  |  | 1,074 |
Total assets |  | $ | 142,141 |  |  | $ | 157,387 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 21,651 |  |  | $ | 21,651 |
Other borrowings |  |  | 9,000 |  |  |  | - |
Other |  |  | 57 |  |  |  | 93 |
Stockholders’ equity |  |  | 111,433 |  |  |  | 135,643 |
Total liabilities and stockholders’ equity |  | $ | 142,141 |  |  | $ | 157,387 |
Condensed Statements of Earnings
(Dollars in thousands) |  | Years ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Dividends from Bank |  | $ | 29,350 |  |  | $ | 4,600 |  |  | $ | 6,900 |
Dividends from nonbank subsidiary |  |  | 490 |  |  |  | 1,000 |  |  |  | - |
Interest income |  |  | 26 |  |  |  | 16 |  |  |  | 21 |
Other non-interest income |  |  | 8 |  |  |  | 7 |  |  |  | 7 |
Interest expense |  |  | (998 | ) |  |  | (472 | ) |  |  | (614 | )
Other expense, net |  |  | (412 | ) |  |  | (532 | ) |  |  | (352 | )
Earnings before equity in undistributed earnings |  |  | 28,464 |  |  |  | 4,619 |  |  |  | 5,962 |
(Decrease) increase in undistributed equity of Bank |  |  | (19,030 | ) |  |  | 13,599 |  |  |  | 13,087 |
Increase (decrease) in undistributed equity of nonbank subsidiary |  |  | 155 |  |  |  | (272 | ) |  |  | 248 |
Earnings before income taxes |  |  | 9,589 |  |  |  | 17,946 |  |  |  | 19,297 |
Income tax benefit |  |  | (289 | ) |  |  | (65 | ) |  |  | (196 | )
Net earnings |  |  | 9,878 |  |  |  | 18,011 |  |  |  | 19,493 |
Other comprehensive (loss) income |  |  | (28,946 | ) |  |  | (5,567 | ) |  |  | 4,208 |
Total comprehensive income |  | $ | (19,068 | ) |  | $ | 12,444 |  |  | $ | 23,701 |
Condensed Statements of Cash Flows
(Dollars in thousands) |  | Years ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 9,878 |  |  | $ | 18,011 |  |  | $ | 19,493 |
Decrease (increase) in undistributed equity of subsidiaries |  |  | 18,875 |  |  |  | (13,327 | ) |  |  | (13,335 | )
Other |  |  | 79 |  |  |  | 130 |  |  |  | (312 | )
Net cash provided by operating activities |  |  | 28,832 |  |  |  | 4,814 |  |  |  | 5,846 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net change in interest-bearing deposits at banks |  |  | - |  |  |  | (2 | ) |  |  | 26 |
Acquisition of Freedom Bancshares, Inc. |  |  | (33,350 | ) |  |  | - |  |  |  | - |
Net cash (used in) provided by investing activities |  |  | (33,350 | ) |  |  | (2 | ) |  |  | 26 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from exercise of stock options |  |  | - |  |  |  | 22 |  |  |  | 42 |
Payment of dividends |  |  | (4,198 | ) |  |  | (3,818 | ) |  |  | (3,633 | )
Purchase of treasury stock |  |  | (1,239 | ) |  |  | - |  |  |  | (2,349 | )
Issuances of outstanding debt |  |  | 10,065 |  |  |  | - |  |  |  | - |
Payment on outstanding debt |  |  | (1,065 | ) |  |  | - |  |  |  | - |
Net cash used in financing activities |  |  | 3,563 |  |  |  | (3,796 | ) |  |  | (5,940 | )
Net (decrease) increase in cash |  |  | (955 | ) |  |  | 1,016 |  |  |  | (68 | )
Cash at beginning of year |  |  | 1,121 |  |  |  | 105 |  |  |  | 173 |
Cash at end of year |  | $ | 166 |  |  | $ | 1,121 |  |  | $ | 105 |

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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + 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
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