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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
Parent Company Financial Information [Abstract] |
Schedule of condensed balance sheets |
Condensed Balance Sheets
($ in thousands) |  | 2018 |  |  | 2017 |
Assets |  |  |  |  |  |
Cash & cash equivalents |  | $ | 14,038 |  |  | $ | 2,684 |
Investment in banking subsidiaries |  |  | 126,507 |  |  |  | 101,476 |
Investment in nonbanking subsidiaries |  |  | 1,232 |  |  |  | 1,218 |
Other assets |  |  | 224 |  |  |  | 268 |
Total assets |  | $ | 142,001 |  |  | $ | 105,646 |
Liabilities |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 10,000 |  |  | $ | 10,000 |
Borrowings from nonbanking subsidiaries |  |  | 310 |  |  |  | 310 |
Other liabilities & accrued interest payable |  |  | 1,256 |  |  |  | 1,336 |
Total liabilities |  |  | 11,566 |  |  |  | 11,646 |
Stockholders’ equity |  |  | 130,435 |  |  |  | 94,000 |
Total liabilities and stockholders’ equity |  | $ | 142,001 |  |  | $ | 105,646 |
Schedule of condensed statements of income and comprehensive income |
Condensed Statements of Income
($ in thousands) |  | 2018 |  |  | 2017 |
Dividends from subsidiaries: |  |  |  |  |  |
Banking subsidiaries |  | $ | - |  |  | $ | 2,000 |
Nonbanking subsidiaries |  |  | - |  |  |  | 40 |
Total income |  |  | - |  |  |  | 2,040 |
Expenses |  |  |  |  |  |  |  |
Interest expense |  |  | 401 |  |  |  | 304 |
Other expense |  |  | 1,327 |  |  |  | 1,352 |
Total expenses |  |  | 1,728 |  |  |  | 1,656 |
Income before income tax |  |  | (1,728 | ) |  |  | 384 |
Income tax benefit |  |  | (409 | ) |  |  | (543 | )
Income before equity in undistributed income of subsidiaries |  |  | (1,319 | ) |  |  | 927 |
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |
Banking subsidiaries |  |  | 12,942 |  |  |  | 10,337 |
Nonbanking subsidiaries |  |  | 15 |  |  |  | (199 | )
Total |  |  | 12,957 |  |  |  | 10,138 |
Net income |  |  | 11,638 |  |  |  | 11,065 |
Preferred stock dividends |  |  | 975 |  |  |  | 975 |
Net income available to common shareholders |  | $ | 10,663 |  |  | $ | 10,090 |
Condensed Statements of Comprehensive Income
($ in thousands) |  | 2018 |  |  | 2017 |
Net income |  | $ | 11,638 |  |  | $ | 11,065 |
Other comprehensive income: |  |  |  |  |  |  |  |
Available-for-sale investment securities: |  |  |  |  |  |  |  |
Gross unrealized holding loss arising in the period |  |  | (590 | ) |  |  | (374 | )
Related tax benefit |  |  | 124 |  |  |  | 126 |
Less: reclassification adjustment for gain realized in income |  |  | 70 |  |  |  | 119 |
Related tax expense |  |  | (15 | ) |  |  | (40 | )
Net effect on other comprehensive income |  |  | (411 | ) |  |  | (169 | )
Total comprehensive income |  | $ | 11,227 |  |  | $ | 10,896 |
Schedule of condensed statements of cash flows |
Condensed Statements of Cash Flows
($ in thousands) |  | 2018 |  |  | 2017 |
Operating activities |  |  |  |  |  |
Net income |  | $ | 11,638 |  |  | $ | 11,065 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (12,957 | ) |  |  | (10,138 | )
Stock compensation expense |  |  | 278 |  |  |  | 303 |
Other assets |  |  | 44 |  |  |  | 405 |
Other liabilities |  |  | (79 | ) |  |  | 115 |
Net cash provided by (used in) operating activities |  |  | (1,076 | ) |  |  | 1,750 |
Investing activities |  |  |  |  |  |  |  |
Capital contributed to banking subsidiary |  |  | (12,500 | ) |  |  | - |
Net cash provided by (used in) investing activities |  |  | (12,500 | ) |  |  | - |
Financing activities |  |  |  |  |  |  |  |
Dividends on common shares |  |  | (2,090 | ) |  |  | (1,362 | )
Dividends on preferred shares |  |  | (975 | ) |  |  | (975 | )
Proceeds from issuance of common shares |  |  | 27,912 |  |  |  | - |
Proceeds from stock compensation |  |  | 192 |  |  |  | 375 |
Repurchase of common shares |  |  | (109 | ) |  |  | (1,785 | )
Net cash provided by (used in) financing activities |  |  | 24,930 |  |  |  | (3,747 | )
Net change in cash and cash equivalents |  |  | 11,354 |  |  |  | (1,997 | )
Cash and cash equivalents at beginning of year |  |  | 2,684 |  |  |  | 4,681 |
Cash and cash equivalents at end of year |  | $ | 14,038 |  |  | $ | 2,684 |

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