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Parent Company Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Parent Company Financial Information [Abstract] |
Schedule of Condensed Balance Sheets | Condensed Balance Sheets
($ in thousands) |  | 2024 |  |  | 2023 |
Assets |  |  |  |  |  |
Cash & cash equivalents |  | $ | 1,339 |  |  | $ | 6,468 |
Investment in banking subsidiaries |  |  | 147,057 |  |  |  | 139,502 |
Investment in nonbanking subsidiaries |  |  | 6,451 |  |  |  | 6,279 |
Other assets |  |  | 2,846 |  |  |  | 2,726 |
Total assets |  | $ | 157,693 |  |  | $ | 154,975 |
Liabilities |  |  |  |  |  |  |  |
Trust preferred securities |  | $ | 10,000 |  |  | $ | 10,000 |
Sub debt net of issuance cost |  |  | 19,690 |  |  |  | 19,642 |
Borrowings from nonbanking subsidiaries |  |  | 310 |  |  |  | 310 |
Other liabilities & accrued interest payable |  |  | 185 |  |  |  | 681 |
Total liabilities |  |  | 30,185 |  |  |  | 30,633 |
Shareholders’ equity |  |  | 127,508 |  |  |  | 124,342 |
Total liabilities and shareholders’ equity |  | $ | 157,693 |  |  | $ | 154,975 |
Schedule of Condensed Statements of Income | Condensed Statements of Income
($ in thousands) |  | 2024 |  |  | 2023 |
Dividends from subsidiaries: |  |  |  |  |  |
Banking subsidiaries |  | $ | 5,000 |  |  | $ | 10,000 |
Nonbanking subsidiaries |  |  | - |  |  |  | 700 |
Total income |  |  | 5,000 |  |  |  | 10,700 |
Expenses |  |  |  |  |  |  |  |
Interest expense |  |  | 1,506 |  |  |  | 1,494 |
Other expense |  |  | 1,854 |  |  |  | 1,616 |
Total expenses |  |  | 3,360 |  |  |  | 3,110 |
Income before income tax |  |  | 1,640 |  |  |  | 7,590 |
Income tax benefit |  |  | (693 | ) |  |  | (652 | )
Income (loss) before equity in undistributed income of subsidiaries |  |  | 2,333 |  |  |  | 8,242 |
Equity in undistributed income of subsidiaries |  |  |  |  |  |  |  |
Banking subsidiaries |  |  | 7,960 |  |  |  | 3,290 |
Nonbanking subsidiaries |  |  | 1,177 |  |  |  | 563 |
Total |  |  | 9,137 |  |  |  | 3,853 |
Net income |  | $ | 11,470 |  |  | $ | 12,095 |
Schedule of Condensed Statements of Comprehensive Income | Condensed Statements of Comprehensive Income
($ in thousands) |  | 2024 |  |  | 2023 |
Net income |  | $ | 11,470 |  |  | $ | 12,095 |
Other comprehensive income: |  |  |  |  |  |  |  |
Available-for-sale investment securities: |  |  |  |  |  |  |  |
Gross unrealized holding gain (loss) arising in the period |  |  | (510 | ) |  |  | 2,897 |
Related tax (expense) benefit |  |  | 107 |  |  |  | (608 | )
Net effect on other comprehensive income (loss) |  |  | (403 | ) |  |  | 2,289 |
Total comprehensive income |  | $ | 11,067 |  |  | $ | 14,384 |
Schedule of Condensed Statements of Cash Flows | Condensed Statements of Cash Flows
($ in thousands) |  | 2024 |  |  | 2023 |
Operating activities |  |  |  |  |  |
Net income |  | $ | 11,470 |  |  | $ | 12,095 |
Items not requiring (providing) cash |  |  |  |  |  |  |  |
Equity in undistributed net income of subsidiaries |  |  | (9,245 | ) |  |  | (3,853 | )
Stock compensation expense |  |  | 637 |  |  |  | 576 |
Other assets |  |  | 887 |  |  |  | 230 |
Other liabilities |  |  | (496 | ) |  |  | (228 | )
Net cash provided by operating activities |  |  | 3,253 |  |  |  | 8,820 |
Investing activities |  |  |  |  |  |  |  |
Return of capital from nonbanking subsidiary |  |  | 108 |  |  |  | - |
Net cash provided by investing activities |  |  | 108 |  |  |  | - |
Financing activities |  |  |  |  |  |  |  |
Dividends on common shares |  |  | (3,770 | ) |  |  | (3,584 | )
Repurchase of common shares |  |  | (4,768 | ) |  |  | (3,471 | )
Other financing activities |  |  | 48 |  |  |  | 48 |
Net cash used in financing activities |  |  | (8,490 | ) |  |  | (7,007 | )
Net change in cash and cash equivalents |  |  | (5,129 | ) |  |  | 1,813 |
Cash and cash equivalents at beginning of year |  |  | 6,468 |  |  |  | 4,655 |
Cash and cash equivalents at end of year |  | $ | 1,339 |  |  | $ | 6,468 |

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