Parent Company Financial Information (Tables)

12 Months Ended

Dec. 31, 2018

Parent Company Financial Information [Abstract]

Schedule of Condensed Statements of Financial Condition

Condensed Statements of Financial Condition	December 31
(Dollars in thousands)	2018		2017
Assets
Cash	$	229	$	114
Investment in subsidiary		130,333		120,530
Other assets		473		457
Total assets	$	131,035	$	121,101
Liabilities and Stockholders’ Equity
Liabilities
Junior subordinated debentures	$	9,279	$	9,279
Subordinated debt		9,750		9,750
Other liabilities		160		130
Total liabilities		19,189		19,159
Stockholders’ equity		111,846		101,942
Total liabilities and stockholders’ equity	$	131,035	$	121,101

Schedule of Condensed Statements of Income

	Year Ended
Condensed Statements of Income	December 31
(Dollars in thousands)	2018		2017
Income:
Equity in undistributed income of subsidiary	$	9,913	$	8,496
Dividends from subsidiary		1,650		250
Total income		11,563		8,746
Expense:
Interest expense		879		800
Total expense		879		800
Net income	$	10,684	$	7,946

Schedule of Condensed Statement of Comprehensive Income

		Year Ended
Condensed Statements of Comprehensive Income		December 31
(Dollars in thousands)		2018		2017
Net income	$	10,684	$	7,946
Other Comprehensive Income (Loss):
Unrealized holding losses on AFS investment securities arising during the period
Before tax amount		(350)		(117)
Tax effect		73		40
		(277)		(77)
Accretion of discount on AFS to HTM reclassification
Before tax amount(1)		-		8
Tax effect(2)		-		(3)
		-		5
Less reclassification for gains on sales of AFS investment securities included in net income
Before tax amount(3)		-		(9)
Tax effect(2)		-		3
		-		(6)
Other comprehensive income (loss) - securities		(277)		(78)
Unrealized actuarial gains (losses) - pension
Before tax amount		212		(57)
Tax effect		(45)		19
		167		(38)
Total other comprehensive loss		(110)		(116)
Total comprehensive income	$	10,574	$	7,830
(1) Amounts are included in "Interest and dividends on investment securities" in the consolidated statements of income.
(2) Amounts are included in "Income tax expense" in the consolidated statements of income.
(3) Amounts are included in "Gains on sale of investment securities, net" in the consolidated statements of income.

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows	Year Ended December 31
(Dollars in thousands)	2018		2017
Cash Flows From Operating Activities:
Net income	$	10,684	$	7,946
Adjustments to reconcile net income to net cash used in
operating activities:
Equity in income of subsidiary and dividends		(11,563)		(8,746)
Stock based compensation		315		559
Non-cash funding of retirement plans		584		542
Dividends to holding company		1,650		250
Net change in other liabilities		30		11
Net change in other assets		(16)		27
Net Cash Provided by Operating Activities		1,684		589
Cash Flows From Financing Activities:
Taxes on exercise of stock options		(365)		(635)
Dividends paid		(1,204)		(1,194)
Net Cash Used in Financing Activities		(1,569)		(1,829)
Net Change in Cash and Cash Equivalents		115		(1,240)
Cash and cash equivalents at Beginning of Period		114		1,354
Cash and cash equivalents at End of Period	$	229	$	114