XML 133 R120.htm IDEA: XBRL DOCUMENT v3.23.1
Parent Company Only Condensed Financial Information - Schedule of Condensed Statements of Cash Flows (Detail) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES    
Net income $ 5,598 $ 289
Adjustments:    
(Accretion) amortization of premiums and (discounts), net (1,947) 1,379
Net cash provided by operating activities 2,344 4,774
INVESTING ACTIVITIES    
Net cash acquired through merger and acquisition   39,885
Sales of securities 513 11,371
Net cash used in investing activities (222,590) (5,045)
FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net 34,650  
Proceeds from issuance of subordinated notes 20,000  
Issuance of shares from exercise of stock options 120 120
Dividends paid (3,334) (1,462)
Net cash provided by (used in) financing activities 227,667 (10,301)
Increase (decrease) in cash and cash equivalents 7,421 (10,572)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 22,590 33,162
CASH AND CASH EQUIVALENTS AT END OF PERIOD 30,011 22,590
Parent Company [Member]    
OPERATING ACTIVITIES    
Net income 5,598 289
Adjustments:    
Undistributed earnings of subsidiaries (7,245) (391)
(Accretion) amortization of premiums and (discounts), net (212)  
Other, net (1,171) (72)
Net cash provided by operating activities (3,030) (174)
INVESTING ACTIVITIES    
Net cash acquired through merger and acquisition   3,080
Investments in subsidiaries (35,000) (1,300)
Cash dividends from subsidiaries 1,300  
Sales of securities 504  
Net cash used in investing activities (33,196) 1,780
FINANCING ACTIVITIES    
Proceeds from issuance of common stock, net 34,650  
Proceeds from issuance of subordinated notes 20,000  
Issuance of shares from exercise of stock options 120 120
Dividends paid (3,334) (1,462)
Net cash provided by (used in) financing activities 51,436 (1,342)
Increase (decrease) in cash and cash equivalents 15,210 264
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 276 12
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 15,486 $ 276