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Parent Company Condensed Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Financial Statements | The following is condensed financial information of the parent company as of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022: Schedule of Condensed Financial Statements Condensed Balance Sheets
|  | 2024 |  |  | 2023 |
(Dollars in thousands) |  | As of December 31, |
|  | 2024 |  |  | 2023 |
Assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 395 |  |  | $ | 286 |
Interest-bearing deposits at other banks |  |  | 151 |  |  |  | 215 |
Investment in subsidiaries |  |  | 160,634 |  |  |  | 153,813 |
Other |  |  | 960 |  |  |  | 990 |
Total assets |  | $ | 162,140 |  |  | $ | 155,304 |
Liabilities and stockholders’ equity: |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 21,651 |  |  | $ | 21,651 |
Other borrowings |  |  | 4,200 |  |  |  | 6,649 |
Other |  |  | 74 |  |  |  | 90 |
Stockholders’ equity |  |  | 136,215 |  |  |  | 126,914 |
Total liabilities and stockholders’ equity |  | $ | 162,140 |  |  | $ | 155,304 |
Condensed Statements of Earnings
|  | 2024 |  |  | 2023 |  |  | 2022 |
(Dollars in thousands) |  | Years ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Dividends from Bank |  | $ | 8,500 |  |  | $ | 8,000 |  |  | $ | 29,350 |
Dividends from nonbank subsidiary |  |  | 975 |  |  |  | 1,000 |  |  |  | 490 |
Interest income |  |  | 55 |  |  |  | 51 |  |  |  | 26 |
Other non-interest income |  |  | 8 |  |  |  | 8 |  |  |  | 8 |
Interest expense |  |  | (2,013 | ) |  |  | (2,113 | ) |  |  | (998 | )
Other expense, net |  |  | (637 | ) |  |  | (620 | ) |  |  | (412 | )
Earnings before equity in undistributed earnings |  |  | 6,888 |  |  |  | 6,326 |  |  |  | 28,464 |
Increase (decrease) in undistributed equity of Bank |  |  | 5,122 |  |  |  | 5,252 |  |  |  | (19,030 | )
Increase (decrease) in undistributed equity of nonbank subsidiary |  |  | 450 |  |  |  | 102 |  |  |  | 155 |
Earnings before income taxes |  |  | 12,460 |  |  |  | 11,680 |  |  |  | 9,589 |
Income tax benefit |  |  | (543 | ) |  |  | (556 | ) |  |  | (289 | )
Net earnings |  |  | 13,003 |  |  |  | 12,236 |  |  |  | 9,878 |
Other comprehensive income (loss) |  |  | 728 |  |  |  | 8,510 |  |  |  | (28,946 | )
Total comprehensive income |  | $ | 13,731 |  |  | $ | 20,746 |  |  | $ | (19,068 | )
Condensed Statements of Cash Flows
|  | 2024 |  |  | 2023 |  |  | 2022 |
(Dollars in thousands) |  | Years ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 13,003 |  |  | $ | 12,236 |  |  | $ | 9,878 |
(Increase) decrease in undistributed equity of subsidiaries |  |  | (5,572 | ) |  |  | (5,354 | ) |  |  | 18,875 |
Other |  |  | 12 |  |  |  | 1 |  |  |  | 79 |
Net cash provided by operating activities |  |  | 7,443 |  |  |  | 6,883 |  |  |  | 28,832 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Net change in interest-bearing deposits at banks |  |  | 64 |  |  |  | 1 |  |  |  | - |
Acquisition of Freedom Bancshares, Inc. |  |  | - |  |  |  | - |  |  |  | (33,350 | )
Net cash (used in) provided by investing activities |  |  | 64 |  |  |  | 1 |  |  |  | (33,350 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from exercise of stock options |  |  | - |  |  |  | 52 |  |  |  | - |
Payment of dividends |  |  | (4,612 | ) |  |  | (4,390 | ) |  |  | (4,198 | )
Purchase of treasury stock |  |  | (338 | ) |  |  | (75 | ) |  |  | (1,239 | )
Issuances of outstanding debt |  |  | 360 |  |  |  | - |  |  |  | 10,065 |
Payment on outstanding debt |  |  | (2,808 | ) |  |  | (2,351 | ) |  |  | (1,065 | )
Net cash (used in) provided by financing activities |  |  | (7,398 | ) |  |  | (6,764 | ) |  |  | 3,563 |
Net increase (decrease) in cash |  |  | 109 |  |  |  | 120 |  |  |  | (955 | )
Cash at beginning of year |  |  | 286 |  |  |  | 166 |  |  |  | 1,121 |
Cash at end of year |  | $ | 395 |  |  | $ | 286 |  |  | $ | 166 |

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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 -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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