Parent Company Financial Information

12 Months Ended

Dec. 31, 2021

Parent Company Financial Information [Abstract]

Parent Company Financial Information

(21) Parent Company Financial Information

This information should be read in conjunction with the other notes to the consolidated financial statements. The following presents summary balance sheets and summary statements of income and cash flows information for the years ended December 31:

Balance Sheets	2021		2020
Assets
Cash	$	671	$	4,049
Investment in wholly-owned subsidiary		150,240		146,608
Total assets	$	150,911	$	150,657
Liabilities and stockholders’ equity
Liabilities		—		—
Stockholders’ equity		150,911		150,657
Total liabilities and stockholders’ equity	$	150,911	$	150,657

Statements of Income	2021			2020
Dividends from subsidiary	$	1,500		$	—
Other operating expenses		(257	)		(242	)
Income tax benefit		76			70
Income (loss) before undistributed earnings of subsidiary		1,319			(172	)
Equity in undistributed earnings of subsidiary		12,867			12,333
Net income	$	14,186		$	12,161

Statements of Cash Flows	2021			2020
Net income	$	14,186		$	12,161
Adjustments to reconcile net income to net cash provided by operating activities
Stock-based compensation		588			574
Equity in undistributed earnings of subsidiary		(12,867	)		(12,333	)
Net cash provided by operating activities		1,907			402
Cash flows from financing activities:
Common stock issued		97			111
Stock repurchases		(5,374	)		—
Cash dividends paid in lieu of fractional shares		(8	)		(8	)
Net cash provided by financing activities		(5,285	)		103
Net change in cash		(3,378	)		505
Cash at beginning of year		4,049			3,544
Cash at end of year	$	671		$	4,049