PARENT COMPANY FINANCIAL INFORMATION - STATEMENTS OF OPERATIONS (Details) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2023 |
Sep. 30, 2023 |
Jun. 30, 2023 |
Mar. 31, 2023 |
Dec. 31, 2022 |
Sep. 30, 2022 |
Jun. 30, 2022 |
Mar. 31, 2022 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
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INCOME | |||||||||||
Interest, dividend and other income | $ 15,968 | $ 15,439 | $ 14,879 | $ 14,574 | $ 13,803 | $ 12,700 | $ 11,527 | $ 11,028 | $ 60,860 | $ 49,058 | $ 46,669 |
EXPENSE | |||||||||||
Interest expense | 7,379 | 6,640 | 5,769 | 5,052 | 3,660 | 2,171 | 1,403 | 1,261 | 24,840 | 8,495 | 7,586 |
Salaries and employee benefits | 29,628 | 28,492 | 27,847 | ||||||||
Other expense | 2,769 | 5,299 | 5,435 | ||||||||
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES | (6,798) | 771 | (248) | 1,887 | 1,073 | 2,628 | 2,477 | 3,023 | (4,388) | 9,201 | 8,774 |
Benefit for income taxes | (1,477) | 124 | (61) | 372 | 126 | 526 | 496 | 605 | (1,042) | 1,753 | 1,702 |
NET INCOME (LOSS) | $ (5,321) | $ 647 | $ (187) | $ 1,515 | $ 947 | $ 2,102 | $ 1,981 | $ 2,418 | (3,346) | 7,448 | 7,072 |
COMPREHENSIVE INCOME (LOSS) | (802) | (8,560) | 13,758 | ||||||||
Parent Company | |||||||||||
INCOME | |||||||||||
Interest, dividend and other income | 221 | 146 | 115 | ||||||||
TOTAL INCOME | 7,573 | 7,767 | 6,185 | ||||||||
EXPENSE | |||||||||||
Interest expense | 1,054 | 1,054 | 1,798 | ||||||||
Salaries and employee benefits | 2,816 | 2,811 | 2,871 | ||||||||
Other expense | 4,362 | 1,948 | 1,783 | ||||||||
TOTAL EXPENSE | 8,232 | 5,813 | 6,452 | ||||||||
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN UNDISTRIBUTED EARNINGS OF SUBSIDIARIES | (659) | 1,954 | (267) | ||||||||
Benefit for income taxes | (1,115) | (652) | (802) | ||||||||
Equity in undistributed earnings of subsidiaries | (3,802) | 4,842 | 6,537 | ||||||||
NET INCOME (LOSS) | (3,346) | 7,448 | 7,072 | ||||||||
COMPREHENSIVE INCOME (LOSS) | (802) | (8,560) | 13,758 | ||||||||
Parent Company | Affiliated Entity | |||||||||||
INCOME | |||||||||||
TOTAL INCOME | 2,702 | 2,566 | 2,520 | ||||||||
Parent Company | Banking subsidiary | |||||||||||
INCOME | |||||||||||
Dividends from subsidiaries | 3,000 | 4,000 | 2,000 | ||||||||
Parent Company | Non banking subsidiaries | |||||||||||
INCOME | |||||||||||
Dividends from subsidiaries | $ 1,650 | $ 1,055 | $ 1,550 |
X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of operating dividend income on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) of subsidiary attributable to the parent entity. No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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