Note 20 - Parent Company (Tables)
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12 Months Ended |
Dec. 31, 2021 |
Notes Tables |
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Condensed Balance Sheet [Table Text Block] |
(Dollar amounts in thousands) | | December 31, | |
| | 2021 | | | 2020 | |
ASSETS | | | | | | | | |
Cash and due from banks | | $ | 805 | | | $ | 1,222 | |
Equity securities, at fair value | | | 818 | | | | 609 | |
Investment in nonbank subsidiary | | | 1 | | | | 1 | |
Investment in subsidiary bank | | | 150,588 | | | | 149,272 | |
Other assets | | | 2,381 | | | | 1,561 | |
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TOTAL ASSETS | | $ | 154,593 | | | $ | 152,665 | |
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LIABILITIES | | | | | | | | |
Trust preferred debt | | $ | 8,248 | | | $ | 8,248 | |
Other liabilities | | | 1,010 | | | | 607 | |
TOTAL LIABILITIES | | | 9,258 | | | | 8,855 | |
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STOCKHOLDERS' EQUITY | | | 145,335 | | | | 143,810 | |
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TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 154,593 | | | $ | 152,665 | |
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Condensed Income Statement [Table Text Block] |
| | Year Ended December 31, | |
(Dollar amounts in thousands) | | 2021 | | | 2020 | |
| | | | | | | | |
INCOME | | | | | | | | |
Dividends from subsidiary bank | | $ | 18,600 | | | $ | 4,700 | |
Dividends from nonbank subsidiary | | | - | | | | 1,399 | |
Gain (loss) on equity securities | | | 209 | | | | (101 | ) |
Other | | | 5 | | | | 7 | |
Total income | | | 18,814 | | | | 6,005 | |
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EXPENSES | | | | | | | | |
Interest expense | | | 151 | | | | 192 | |
Salaries and employee benefits | | | 842 | | | | 465 | |
Ohio state franchise tax | | | 1,144 | | | | 1,082 | |
Other | | | 742 | | | | 796 | |
Total expenses | | | 2,879 | | | | 2,535 | |
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Income before income tax benefit | | | 15,935 | | | | 3,470 | |
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Income tax benefit | | | (560 | ) | | | (552 | ) |
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Income before equity in undistributed net income of subsidiaries | | | 16,495 | | | | 4,022 | |
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Equity in undistributed net income of subsidiaries | | | 2,138 | | | | 4,327 | |
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NET INCOME | | $ | 18,633 | | | $ | 8,349 | |
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Comprehensive income | | $ | 17,811 | | | $ | 10,791 | |
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Condensed Cash Flow Statement [Table Text Block] |
| | Year Ended December 31, | |
(Dollar amounts in thousands) | | 2021 | | | 2020 | |
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OPERATING ACTIVITIES | | | | | | | | |
Net income | | $ | 18,633 | | | $ | 8,349 | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | |
Equity in undistributed net income of | | | | | | | | |
Subsidiaries | | | (2,138 | ) | | | (4,327 | ) |
Stock-based compensation | | | 398 | | | | 144 | |
(Gain) loss on equity securities | | | (209 | ) | | | 101 | |
Other, net | | | (664 | ) | | | (609 | ) |
Net cash provided by operating activities | | | 16,020 | | | | 3,658 | |
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FINANCING ACTIVITIES | | | | | | | | |
Stock options exercised | | | 94 | | | | 12 | |
Repurchase of treasury shares | | | (12,291 | ) | | | (1,191 | ) |
Cash dividends | | | (4,240 | ) | | | (3,834 | ) |
Net cash used in financing activities | | | (16,437 | ) | | | (5,013 | ) |
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Decrease in cash | | | (417 | ) | | | (1,355 | ) |
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CASH AT BEGINNING OF YEAR | | | 1,222 | | | | 2,577 | |
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CASH AT END OF YEAR | | $ | 805 | | | $ | 1,222 | |
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