Condensed Financial Statements Of Parent Company (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Statements Of Parent Company [Abstract]

Condensed Balance Sheet Of Parent Company

	December 31,
	2022		2021
Assets
Cash	$	2,913	$	2,744
Taxes receivable		76		9
Investment in subsidiaries		67,967		88,003
Other assets		19		17
Total assets	$	70,975	$	90,773
Liabilities and stockholders’ equity
Capital notes	$	10,037	$	10,031
Other borrowings		10,457		10,985
Other liabilities		255		328
Total Liabilities	$	20,749	$	21,344
Common stock $2.14 par value	$	9,905	$	10,145
Additional paid-in-capital		36,068		37,230
Retained earnings		31,034		23,440
Accumulated other comprehensive (loss)		(26,781)		(1,386)
Total stockholders’ equity	$	50,226	$	69,429
Total liabilities and stockholders’ equity	$	70,975	$	90,773

Condensed Statements Of Income Of Parent Company

Statements of Income
	Years Ended December 31,
	2022		2021
Income
Dividends from subsidiaries	$	5,318	$	—
Operating expenses
Interest on capital notes and other borrowings		767		327
Legal and professional fees		237		259
Other expense		135		138
Total expenses		1,139		724
Income tax (benefit)		(239)		(114)
Income (loss) before equity in undistributed income of subsidiaries		4,418		(610)
Equity in undistributed income of subsidiaries		4,541		8,199
Net income	$	8,959	$	7,589

Condensed Statements Of Cash Flows Of Parent Company

Statements of Cash Flows
	Years Ended December 31,
	2022		2021
Cash flows from operating activities
Net income	$	8,959	$	7,589
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Amortization of debt issuance costs		10		4
(Increase) decrease in income taxes receivable		(67)		65
(Increase) in other assets		(2)		(7)
(Decrease) increase in other liabilities		(73)		121
Equity in undistributed net (income) of subsidiaries		(4,541)		(8,199)
Net cash provided by (used in) operating activities	$	4,286	$	(427)
Cash flows from investing activities
Cash paid in acquisition of subsidiary		(818)		(10,500)
Net cash used in investing activities	$	(818)	$	(10,500)
Cash flows from financing activities
Dividends paid to common stockholders	$	(1,365)	$	(1,271)
Principal payments on other borrowings		(532)		—
Proceeds from other borrowings		—		10,985
Repurchase of common stock		(1,402)		(427)
Cash payment in lieu of fractional shares related to 10% stock dividend		—		(16)
Net cash (used in) provided by financing activities	$	(3,299)	$	9,271
Increase (decrease) in cash and cash equivalents	$	169	$	(1,656)
Cash and cash equivalents at beginning of period		2,744		4,400
Cash and cash equivalents at end of period	$	2,913	$	2,744