Parent Company Financial Information

12 Months Ended

Dec. 31, 2022

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	2022		2021
Assets
Cash	$	1,034	$	671
Investment in wholly-owned subsidiary		124,006		150,240
Total assets	$	125,040	$	150,911
Liabilities and stockholders’ equity
Liabilities		—		—
Stockholders’ equity		125,040		150,911
Total liabilities and stockholders’ equity	$	125,040	$	150,911

Statements of Income	2022			2021
Dividends from subsidiary	$	—		$	1,500
Other operating expenses		(303	)		(257	)
Income tax benefit		90			76
(Loss) income before undistributed earnings of subsidiary		(213	)		1,319
Equity in undistributed earnings of subsidiary		16,097			12,867
Net income	$	15,884		$	14,186

Statements of Cash Flows	2022			2021
Net income	$	15,884		$	14,186
Adjustments to reconcile net income to net cash provided by operating activities
Stock-based compensation		655			588
Equity in undistributed earnings of subsidiary		(16,097	)		(12,867	)
Net cash provided by operating activities		442			1,907
Cash flows from financing activities:
Common stock issued		116			97
Stock repurchases		(187	)		(5,374	)
Cash dividends paid in lieu of fractional shares		(8	)		(8	)
Net cash provided by financing activities		(79	)		(5,285	)
Net change in cash		363			(3,378	)
Cash at beginning of year		671			4,049
Cash at end of year	$	1,034		$	671