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Parent Company Only Financial Information (Interim Condensed Statements of Income) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Expenses    
Interest Expense $ 8,138 $ 3,244
Professional Fees 513 535
Noninterest Expense Directors Fees 176 204
Other 2,955 3,007
Federal income tax benefit (511) (1,084)
NET INCOME 3,131 5,321
Parent Company [Member]    
Income    
Dividends from subsidiaries 6,000 5,000
Interest income 108 22
Other income 3 3
Total income 6,111 5,025
Expenses    
Interest Expense 266 266
Management Fee Expense 297 238
Professional Fees 142 119
Noninterest Expense Directors Fees 94 111
Other 96 91
Total expenses 895 825
Income before income tax benefit and equity in undistributed earnings of subsidiaries 5,216 4,200
Federal income tax benefit 165 168
Income before equity in undistributed earnings of subsidiaries 5,381 4,368
Income (Loss) from Subsidiaries, Net of Tax (2,250) 953
NET INCOME $ 3,131 $ 5,321