Parent Company Only Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2024



	2024		2023
Assets
Cash and cash equivalents	$	1,028	$	530
Equity securities		5,000		5,000
Investment in banking subsidiary		209,137		194,985
Investment in and advances to other subsidiary		267		257
Other assets		3,058		3,387
Total assets	$	218,490	$	204,159

Liabilities and Equity
Subordinated debentures	$	15,000	$	14,961
Other borrowings		34,680		33,495
Accrued expenses and other liabilities		373		329
Stockholders' equity		168,437		155,374
Total liabilities and stockholders' equity	$	218,490	$	204,159


	2024		2023		2022
Dividend income	$	3,250	$	6,000	$	10,000
Interest income		-		1		-
Other income		706		724		675
Interest expense		2,842		2,492		1,882
Other expense		931		887		796
Income before income tax and before undistributed subsidiary income		183		3,346		7,997
Tax effect		685		599		463
Income after income tax and before undistributed subsidiary income		868		3,945		8,460
Equity in undistributed subsidiary income		12,519		12,992		9,704
Net income	$	13,387	$	16,937	$	18,164
Comprehensive income	$	13,874	$	16,684	$	16,297


	2024		2023		2022
Cash flows from operating activities
Net Income	$	13,387	$	16,937	$	18,164
Adjustments:
Effect of subsidiaries' operations		(12,519)		(12,992)		(9,704)
Amortization, net		39		39		39
Change in other assets and other liabilities		373		(284)		263
Net cash used by operating activities		1,280		3,700		8,762

Cash flows from investing activities
Investments in banking subsidiary		-		(6,000)		(11,000)
Net cash from (used by ) investing activities		-		(6,000)		(11,000)

Cash flows from financing activities
Proceeds from other borrowings		1,184		10,034		15,184
Repayments of other borrowings		-		(6,000)		(10,000)
Proceeds from exercise of stock options		-		84		387
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes and exercise proceeds		(129)		(122)		(173)
Purchase of treasury shares		(223)		(177)		(2,339)
Dividends paid		(1,614)		(1,476)		(1,153)
Net cash from financing activities		(782)		2,343		1,906
Net change in cash and cash equivalents		498		43		(332)
Beginning cash and cash equivalents		530		487		819
Ending cash and cash equivalents	$	1,028	$	530	$	487