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Parent Company Financial Information | 12 Months Ended
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Dec. 31, 2018
Parent Company Financial Information [Abstract] |
Parent Company Financial Information | Note 20: Parent Company Financial Information Presented below is condensed financial information of the parent company only:
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 |
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 |
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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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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