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Parent Company Financial Information (Tables)
 12 Months Ended
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