Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

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	2024		2023
Assets
Cash	$	1,097	$	1,359
Investment in wholly-owned subsidiary		174,796		157,662
Interest receivable and other assets		439		224
Total assets	$	176,332	$	159,245
Liabilities and stockholders’ equity
Liabilities		—		—
Stockholders’ equity		176,332		159,245
Total liabilities and stockholders’ equity	$	176,332	$	159,245

Statements of Income

Statements of Income	2024			2023
Dividends from subsidiary	$	3,000		$	—
Other operating expenses		(318	)		(308	)
Income tax benefit		94			91
Loss before undistributed earnings of subsidiary		2,776			(217	)
Equity in undistributed earnings of subsidiary		17,258			21,771
Net income	$	20,034		$	21,554

Statements of Cash Flows

Statements of Cash Flows	2024			2023
Net income	$	20,034		$	21,554
Adjustments to reconcile net income to net cash provided by operating activities
Stock-based compensation		846			820
Increase in interest receivable and other assets		(215	)		(224	)
Equity in undistributed earnings of subsidiary		(17,258	)		(21,771	)
Net cash provided by operating activities		3,407			379
Cash flows from financing activities:
Common stock issued		102			96
Stock repurchases		(3,764	)		(143	)
Cash dividends paid in lieu of fractional shares		(7	)		(7	)
Net cash provided by financing activities		(3,669	)		(54	)
Net change in cash		(262	)		325
Cash at beginning of year		1,359			1,034
Cash at end of year	$	1,097		$	1,359