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v3.23.1

Parent Company Only Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Parent Company Only Condensed Financial Information [Abstract] |
Condensed Balance Sheets |
| 2022 |  | 2021
Assets |  |  |  |  |
Cash and cash equivalents | $ | 487 |  | $ | 819
Equity securities |  | 5,000 |  |  | 5,000
Investment in banking subsidiary |  | 175,123 |  |  | 155,391
Investment in and advances to other subsidiary |  | 247 |  |  | 243
Other assets |  | 3,027 |  |  | 3,374
Total assets | $ | 183,884 |  | $ | 164,827
Liabilities and Equity |  |  |  |  |
Subordinated debentures | $ | 14,922 |  | $ | 14,883
Other borrowings |  | 29,461 |  |  | 24,277
Accrued expenses and other liabilities |  | 253 |  |  | 337
Stockholders' equity |  | 139,248 |  |  | 125,330
Total liabilities and stockholders' equity | $ | 183,884 |  | $ | 164,827
Condensed Statements Of Operations |
| 2022 |  | 2021 |  | 2020
Dividend income | $ | 10,000 |  | $ | - |  | $ | -
Interest income |  | - |  |  | 414 |  |  | -
Other income |  | 675 |  |  | 230 |  |  | 178
Interest expense |  | 1,882 |  |  | 1,527 |  |  | 1,209
Other expense |  | 796 |  |  | 851 |  |  | 830
Loss before income tax and before undistributed subsidiary income |  | 7,997 |  |  | (1,734) |  |  | (1,861)
Tax effect |  | 463 |  |  | 407 |  |  | 390
Loss after income tax and before undistributed subsidiary income |  | 8,460 |  |  | (1,327) |  |  | (1,471)
Equity in undistributed subsidiary income |  | 9,704 |  |  | 19,780 |  |  | 31,079
Net income | $ | 18,164 |  | $ | 18,453 |  | $ | 29,608
Comprehensive income | $ | 16,297 |  | $ | 18,187 |  | $ | 29,676
Condensed Statements Of Cash Flows |
| 2022 |  | 2021 |  | 2020
Cash flows from operating activities |  |  |  |  |  |  |  |
Net Income | $ | 18,164 |  | $ | 18,453 |  | $ | 29,608
Adjustments: |  |  |  |  |  |  |  |
Effect of subsidiaries' operations |  | (9,704) |  |  | (19,780) |  |  | (31,079)
Amortization, net |  | 39 |  |  | 39 |  |  | 38
Change in other assets and other liabilities |  | 263 |  |  | (681) |  |  | (480)
Net cash used by operating activities |  | 8,762 |  |  | (1,969) |  |  | (1,913)
Cash flows from investing activities |  |  |  |  |  |  |  |
Investments in banking subsidiary |  | (11,000) |  |  | (10,000) |  |  | (5,000)
Purchase of equity securities |  | - |  |  | - |  |  | (5,000)
Net cash used by investing activities |  | (11,000) |  |  | (10,000) |  |  | (10,000)
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from other borrowings |  | 15,184 |  |  | 19,277 |  |  | 15,000
Repayments of other borrowings |  | (10,000) |  |  | (4,500) |  |  | (10,500)
Proceeds from exercise of stock options |  | 387 |  |  | 185 |  |  | 36
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes and exercise proceeds |  | (173) |  |  | (139) |  |  | (32)
Purchase of treasury shares |  | (2,339) |  |  | (2,972) |  |  | (648)
Dividends paid |  | (1,153) |  |  | (848) |  |  | (195)
Net cash from financing activities |  | 1,906 |  |  | 11,003 |  |  | 3,661
Net change in cash and cash equivalents |  | (332) |  |  | (966) |  |  | (8,252)
Beginning cash and cash equivalents |  | 819 |  |  | 1,785 |  |  | 10,037
Ending cash and cash equivalents | $ | 487 |  | $ | 819 |  | $ | 1,785

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