Condensed Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Summary of Condensed Financial Information

A summary of condensed financial information of the parent company as of December 31, 2021, and 2020, and for each of the three years in the period ended December 31, 2021 follows:

(Dollars in thousands)	2021		2020
CONDENSED BALANCE SHEETS
ASSETS
Cash deposited with subsidiary bank	$	1,244	$	1,631
Investment in subsidiary bank		95,863		92,043
Securities available-for-sale		115		87
Other assets		143		146
TOTAL ASSETS	$	97,365	$	93,907
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total liabilities	$	50	$	48
Total shareholders’ equity		97,315		93,859
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	97,365	$	93,907

Summary of Condensed Statements of Comprehensive Income

(Dollars in thousands)	2021			2020			2019
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Dividends on securities	$	3		$	3		$	3
Dividends from subsidiary		4,150			4,140			3,170
Unrealized gain (loss) on equity securities		28			(4	)		9
Other income		—			4			—
Total income		4,181			4,143			3,182
Operating expenses		341			357			357
Income before taxes and undistributed equity    income of subsidiary		3,840			3,786			2,825
Income tax benefit		(65	)		(76	)		(73	)
Equity earnings in subsidiary, net of dividends		6,932			6,706			7,516
NET INCOME	$	10,837		$	10,568		$	10,414
COMPREHENSIVE INCOME	$	7,726		$	11,482			11,898

Summary of Condensed Statements of Cash Flows

(Dollars in thousands)	2021			2020			2019
CONDENSED STATEMENTS OF CASH FLOWS
Cash flows from operating activities:
Net income	$	10,837		$	10,568		$	10,414
Adjustments to reconcile net income to cash provided by    operations:
Equity earnings in subsidiary, net of dividends		(6,932	)		(6,706	)		(7,516	)
Change in other assets, liabilities		(22	)		(3	)		(38	)
Net cash provided by operating activities		3,883			3,859			2,860
Cash flows from financing activities:
Cash dividends paid		(3,331	)		(3,099	)		(2,962	)
(Purchase) issuance of treasury stock		(939	)		—			4
Net cash used in financing activities		(4,270	)		(3,099	)		(2,958	)
(Decrease) increase in cash		(387	)		760			(98	)
Cash at beginning of year		1,631			871			969
Cash at end of year	$	1,244		$	1,631		$	871