Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Parent Company Financial Information [Abstract]

Balance Sheets

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	2023		2022
Assets
Cash	$	1,359	$	1,034
Investment in wholly-owned subsidiary		157,662		124,006
Interest receivable and other assets		224		—
Total assets	$	159,245	$	125,040
Liabilities and stockholders’ equity
Liabilities		—		—
Stockholders’ equity		159,245		125,040
Total liabilities and stockholders’ equity	$	159,245	$	125,040

Statements of Income

Statements of Income	2023			2022
Other operating expenses		(308	)		(303	)
Income tax benefit		91			90
Loss before undistributed earnings of subsidiary		(217	)		(213	)
Equity in undistributed earnings of subsidiary		21,771			16,097
Net income	$	21,554		$	15,884

Statements of Cash Flows

Statements of Cash Flows	2023			2022
Net income	$	21,554		$	15,884
Adjustments to reconcile net income to net cash provided by operating activities
Stock-based compensation		820			655
Increase in interest receivable and other assets		(224	)		—
Equity in undistributed earnings of subsidiary		(21,771	)		(16,097	)
Net cash provided by operating activities		379			442
Cash flows from financing activities:
Common stock issued		96			116
Stock repurchases		(143	)		(187	)
Cash dividends paid in lieu of fractional shares		(7	)		(8	)
Net cash provided by financing activities		(54	)		(79	)
Net change in cash		325			363
Cash at beginning of year		1,034			671
Cash at end of year	$	1,359		$	1,034