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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed balance sheets |
($ in thousands) |  | 2022 |  |  | 2021 |
Assets |  |  |  |  |  |
Cash & cash equivalents |  | $ | 4,655 |  |  | $ | 14,406 |
Investment in banking subsidiaries |  |  | 135,923 |  |  |  | 152,761 |
Investment in nonbanking subsidiaries |  |  | 6,587 |  |  |  | 6,770 |
Other assets |  |  | 2,076 |  |  |  | 2,259 |
Total assets |  | $ | 149,241 |  |  | $ | 176,196 |
Liabilities |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 10,000 |  |  | $ | 10,000 |
Sub debt net of issuance cost |  |  | 19,594 |  |  |  | 19,546 |
Borrowings from nonbanking subsidiaries |  |  | 310 |  |  |  | 310 |
Other liabilities & accrued interest payable |  |  | 909 |  |  |  | 1,411 |
Total liabilities |  |  | 30,813 |  |  |  | 31,267 |
Stockholders’ equity |  |  | 118,428 |  |  |  | 144,929 |
Total liabilities and stockholders’ equity |  | $ | 149,241 |  |  | $ | 176,196 |
Schedule of condensed statements of income |
($ in thousands) |  | 2022 |  |  | 2021 |
Dividends from subsidiaries: |  |  |  |  |  |
Banking subsidiaries |  | $ | - |  |  | $ | 5,000 |
Nonbanking subsidiaries |  |  | 750 |  |  |  | 500 |
Total income |  |  | 750 |  |  |  | 5,500 |
Expenses |  |  |  |  |  |  |  |
Interest expense |  |  | 1,139 |  |  |  | 661 |
Other expense |  |  | 1,747 |  |  |  | 1,478 |
Total expenses |  |  | 2,886 |  |  |  | 2,139 |
Income before income tax |  |  | (2,136 | ) |  |  | 3,361 |
Income tax benefit |  |  | (613 | ) |  |  | (450 | )
Income (loss) before equity in undistributed income of subsidiaries |  |  | (1,523 | ) |  |  | 3,811 |
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |
Banking subsidiaries |  |  | 13,426 |  |  |  | 13,573 |
Nonbanking subsidiaries |  |  | 618 |  |  |  | 893 |
Total |  |  | 14,044 |  |  |  | 14,466 |
Net income |  | $ | 12,521 |  |  | $ | 18,277 |
Schedule of condensed statements of comprehensive income |
($ in thousands) |  | 2022 |  |  | 2021 |
Net income |  | $ | 12,521 |  |  | $ | 18,277 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |
Available-for-sale investment securities: |  |  |  |  |  |  |  |
Gross unrealized holding gain (loss) arising in the period |  |  | (38,322 | ) |  |  | (5,133 | )
Related tax (expense) benefit |  |  | 8,047 |  |  |  | 1,078 |
Net effect on other comprehensive income (loss) |  |  | (30,275 | ) |  |  | (4,055 | )
Total comprehensive income (loss) |  | $ | (17,754 | ) |  | $ | 14,222 |
Schedule of condensed statements of cash flows |
($ in thousands) |  | 2022 |  |  | 2021 |
Operating activities |  |  |  |  |  |
Net income |  | $ | 12,521 |  |  | $ | 18,277 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (14,044 | ) |  |  | (14,466 | )
Stock compensation expense |  |  | 568 |  |  |  | 443 |
Other assets |  |  | 973 |  |  |  | 1,811 |
Other liabilities |  |  | (502 | ) |  |  | 376 |
Net cash provided by (used in) operating activities |  |  | (484 | ) |  |  | 6,441 |
Investing activities |  |  |  |  |  |  |  |
Capital contributed to nonbanking subsidiary |  |  | - |  |  |  | (1,100 | )
Net cash used in investing activities |  |  | - |  |  |  | (1,100 | )
Financing activities |  |  |  |  |  |  |  |
Dividends on common shares |  |  | (3,407 | ) |  |  | (3,139 | )
Stock dividends on common shares |  |  | (8 | ) |  |  | - |
Repurchase of common shares |  |  | (5,900 | ) |  |  | (9,520 | )
Proceeds from sub-debt net of issuance cost |  |  | - |  |  |  | 19,546 |
Other financing activities |  |  | 48 |  |  |  | - |
Net cash provided by (used in) financing activities |  |  | (9,267 | ) |  |  | 6,887 |
Net change in cash and cash equivalents |  |  | (9,751 | ) |  |  | 12,228 |
Cash and cash equivalents at beginning of year |  |  | 14,406 |  |  |  | 2,178 |
Cash and cash equivalents at end of year |  | $ | 4,655 |  |  | $ | 14,406 |

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