XML 63 R48.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Financial Statements Of Parent Company (Tables)
12 Months Ended
Dec. 31, 2021
Condensed Financial Statements Of Parent Company [Abstract]  
Condensed Balance Sheet Of Parent Company December 31, 2021 2020Assets Cash$ 2,744 $ 4,400Taxes receivable 9 74 Investment in subsidiaries 88,003 72,482 Other assets 17 10 Total assets$ 90,773 $ 76,966 Liabilities and stockholders’ equity Capital notes$ 10,031 $ 10,027Bank note payable 10,985 —Other liabilities 328 207Total Liabilities$ 21,344 $ 10,234 Common stock $2.14 par value$ 10,145 $ 9,286Additional paid-in-capital 37,230 30,989Retained earnings 23,440 24,665Accumulated other comprehensive (loss) income (1,386) 1,792Total stockholders’ equity$ 69,429 $ 66,732 Total liabilities and stockholders’ equity$ 90,773 $ 76,966
Condensed Statements Of Income Of Parent Company Statements of Income Years Ended December 31, 2021 2020Income Dividends from subsidiary$ — $ 1,000 Operating expenses Interest on capital notes 327 273Legal and professional fees 259 159Other expense 138 136 Total expenses 724 568 Income tax (benefit) (114) (119) Income before equity in undistributed income of subsidiaries 610 551 Equity in undistributed income of subsidiaries 8,199 4,429 Net income$ 7,589 $ 4,980
Condensed Statements Of Cash Flows Of Parent Company Statements of Cash Flows Years Ended December 31, 2021 2020 Cash flows from operating activities Net income$ 7,589 $ 4,980 Adjustments to reconcile net income to net cash provided by operating activities Amortization of debt issuance costs 4 2Decrease (increase) in income taxes receivable 65 (59)(Increase) in other assets (7) (2)Increase in other liabilities 121 161Cash payment in lieu of fractional shares related to 10% stock dividend (16) —Equity in undistributed net (income) of subsidiaries (8,199) (4,429) Net cash (used in) provided by operating activities$ (443) $ 651 Cash flows from investing activities Cash paid in acquisition, net of cash received (10,400) — Cash flows from financing activities Dividends paid to common stockholders$ (1,271) $ (1,215)Retirement of capital notes — (5,000)Proceeds from sale of capital notes, net of issuance costs — 10,025Proceeds from bank note 10,985 —Repurchase of common stock (427) (275) Net cash provided by financing activities$ 9,287 $ 3,537 (Decrease) increase in cash and cash equivalents$ (1,556) $ 4,188 Cash and cash equivalents at beginning of period 4,400 212 Cash and cash equivalents at end of period$ 2,744 $ 4,400 Transactions related to acquisition: Assets acquired, net of cash received$ 790 $ — Liabilities assumed 32 —