Parent Company Condensed Financial Information |
12 Months Ended |
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Dec. 31, 2022 | |
Parent Company Condensed Financial Information [Abstract] | |
Parent Company Condensed Financial Information | 17. In December Bank. thousands): December 31, 2022 December 31, 2021 ASSETS: Cash and Cash Equivalents $ 1,102 $ - Investment in bank subsidiary 181,326 203,897 Other assets - - Total $ 182,428 $ 203,897 LIABILITIES AND STOCKHOLDERS' EQUITY: Other liabilities $ - $ - Stockholders' equity 182,428 203,897 Total $ 182,428 $ 203,897 December 31, 2022 December 31, 2021 INCOME: Dividends from subsidiaries $ 1,000 $ - Service fees from subsidiaries - - Total $ 1,000 $ - EXPENSE: Employee compensation and benefits - - Total - - Income before income taxes and undistributed subsidiary income 1,000 Provision (benefit) for income taxes - - Equity in undisbursed subsidiary income 19,141 Net Income $ 20,141 $ - December 31, 2022 December 31, 2021 Cash flows from operating activities: Net income $ 20,141 $ - Adjustments to reconcile net income to net cash provided activities: - Equity in undistributed earnings of subsidiaries (19,141) - Other - Net cash provided by operating activities $ 1,000 $ - Cash flows from investing activities: Capital contributions to subsidiary - - Other - - Net cash used in investing activities - - Cash flows from financing activities: Dividends paid - - Proceeds from exercise of stock options 102 - Repurchase of common stock - - Net cash (used in) provided by financing activities 102 - Net increase (decrease) in cash and cash equivalents 1,102 - Cash and cash equivalents, beginning of period - - Cash and cash equivalents, end of period $ 1,102 $ - The thousands): The condensed cash flow is presented below for USCB |