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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Parent Company Financial Information [Abstract] |
Schedule of Condensed Balance Sheets | Condensed Balance Sheets
($ in thousands) |  | 2023 |  |  | 2022 |
Assets |  |  |  |  |  |
Cash & cash equivalents |  | $ | 6,468 |  |  | $ | 4,655 |
Investment in banking subsidiaries |  |  | 139,502 |  |  |  | 135,923 |
Investment in nonbanking subsidiaries |  |  | 6,279 |  |  |  | 6,587 |
Other assets |  |  | 2,726 |  |  |  | 2,076 |
Total assets |  | $ | 154,975 |  |  | $ | 149,241 |
Liabilities |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 10,000 |  |  | $ | 10,000 |
Sub debt net of issuance cost |  |  | 19,642 |  |  |  | 19,594 |
Borrowings from nonbanking subsidiaries |  |  | 310 |  |  |  | 310 |
Other liabilities & accrued interest payable |  |  | 681 |  |  |  | 909 |
Total liabilities |  |  | 30,633 |  |  |  | 30,813 |
Shareholders’ equity |  |  | 124,342 |  |  |  | 118,428 |
Total liabilities and shareholders’ equity |  | $ | 154,975 |  |  | $ | 149,241 |
Schedule of Condensed Statements of Income | Condensed Statements of Income
($ in thousands) |  | 2023 |  |  | 2022 |
Dividends from subsidiaries: |  |  |  |  |  |
Banking subsidiaries |  | $ | 10,000 |  |  | $ | - |
Nonbanking subsidiaries |  |  | 700 |  |  |  | 750 |
Total income |  |  | 10,700 |  |  |  | 750 |
Expenses |  |  |  |  |  |  |  |
Interest expense |  |  | 1,494 |  |  |  | 1,139 |
Other expense |  |  | 1,616 |  |  |  | 1,747 |
Total expenses |  |  | 3,110 |  |  |  | 2,886 |
Income before income tax |  |  | 7,590 |  |  |  | (2,136 | )
Income tax benefit |  |  | (652 | ) |  |  | (613 | )
Income (loss) before equity in undistributed income of subsidiaries |  |  | 8,242 |  |  |  | (1,523 | )
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |
Banking subsidiaries |  |  | 3,290 |  |  |  | 13,426 |
Nonbanking subsidiaries |  |  | 563 |  |  |  | 618 |
Total |  |  | 3,853 |  |  |  | 14,044 |
Net income |  | $ | 12,095 |  |  | $ | 12,521 |
Schedule of Condensed Statements of Comprehensive Income (Loss) | Condensed Statements of Comprehensive Income (Loss)
($ in thousands) |  | 2023 |  |  | 2022 |
Net income |  | $ | 12,095 |  |  | $ | 12,521 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |
Available-for-sale investment securities: |  |  |  |  |  |  |  |
Gross unrealized holding gain (loss) arising in the period |  |  | 2,897 |  |  |  | (38,323 | )
Related tax (expense) benefit |  |  | (608 | ) |  |  | 8,048 |
Net effect on other comprehensive income (loss) |  |  | 2,289 |  |  |  | (30,275 | )
Total comprehensive income (loss) |  | $ | 14,384 |  |  | $ | (17,754 | )
Schedule of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
($ in thousands) |  | 2023 |  |  | 2022 |
Operating activities |  |  |  |  |  |
Net income |  | $ | 12,095 |  |  | $ | 12,521 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (3,853 | ) |  |  | (14,044 | )
Stock compensation expense |  |  | 576 |  |  |  | 568 |
Other assets |  |  | 230 |  |  |  | 973 |
Other liabilities |  |  | (228 | ) |  |  | (502 | )
Net cash provided by (used in) operating activities |  |  | 8,820 |  |  |  | (484 | )
Financing activities |  |  |  |  |  |  |  |
Dividends on common shares |  |  | (3,584 | ) |  |  | (3,407 | )
Stock dividends on common shares |  |  | - |  |  |  | (8 | )
Repurchase of common shares |  |  | (3,471 | ) |  |  | (5,900 | )
Other financing activities |  |  | 48 |  |  |  | 48 |
Net cash used in financing activities |  |  | (7,007 | ) |  |  | (9,267 | )
Net change in cash and cash equivalents |  |  | 1,813 |  |  |  | (9,751 | )
Cash and cash equivalents at beginning of year |  |  | 4,655 |  |  |  | 14,406 |
Cash and cash equivalents at end of year |  | $ | 6,468 |  |  | $ | 4,655 |

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