Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Parent Company Financial Information [Abstract]

Balance Sheets

The following presents summary balance sheets and summary statements of income and cash flows information for the years ended December 31:

Balance Sheets	2019		2018
Assets
Cash	$	3,544	$	3,155
Investment in wholly-owned subsidiary		129,371		109,306
Total assets	$	132,915	$	112,461
Liabilities and stockholders’ equity
Liabilities		—		—
Stockholders’ equity		132,915		112,461
Total liabilities and stockholders’ equity	$	132,915	$	112,461

Statements of Income

Statements of Income	2019			2018			2017
Dividends from subsidiary	$	—		$	—		$	—
Other operating expenses		(247	)		(226	)		(224	)
Income tax benefit		73			66			92
Loss before undistributed earnings of subsidiary		(174	)		(160	)		(132	)
Equity in undistributed earnings of subsidiary		14,895			12,711			8,880
Net income	$	14,721		$	12,551		$	8,748

Statements of Cash Flows

Statements of Cash Flows	2019			2018			2017
Net income	$	14,721		$	12,551		$	8,748
Adjustments to reconcile net income to net cash provided by operating activities
Stock plan accruals		475			424			378
Equity in undistributed earnings of subsidiary		(14,895	)		(12,711	)		(8,880	)
Net cash provided by operating activities		301			264			246
Cash flows from financing activities:
Common stock issued		96			91			78
Cash in lieu of fractional shares		(8	)		(10	)		(10	)
Net cash provided by financing activities		88			81			68
Net change in cash		389			345			314
Cash at beginning of year		3,155			2,810			2,496
Cash at end of year	$	3,544		$	3,155		$	2,810