v3.22.4
Note 20 - Parent Company (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Condensed Balance Sheet [Table Text Block]

(Dollar amounts in thousands)

 

December 31,

 
  

2022

  

2021

 

ASSETS

        

Cash and due from banks

 $201  $805 

Equity securities, at fair value

  645   818 

Investment in nonbank subsidiary

  1   1 

Investment in subsidiary bank

  202,887   150,588 

Other assets

  2,984   1,371 
         

TOTAL ASSETS

 $206,718  $153,583 
         

LIABILITIES

        

Trust preferred debt

 $8,248  $8,248 

Other liabilities

  779   - 

TOTAL LIABILITIES

  9,027   8,248 
         

STOCKHOLDERS' EQUITY

  197,691   145,335 
         

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

 $206,718  $153,583 
Condensed Income Statement [Table Text Block]
  

Year Ended December 31,

 

(Dollar amounts in thousands)

 

2022

  

2021

 
         

INCOME

        

Dividends from subsidiary bank

 $15,500  $18,600 

(Loss) gain on equity securities

  (173)  209 

Other

  7   5 

Total income

  15,334   18,814 
         

EXPENSES

        

Interest expense

  288   151 

Salaries and employee benefits

  667   842 

Ohio state franchise tax

  1,157   1,144 

Other

  3,434   742 

Total expenses

  5,546   2,879 
         

Income before income tax benefit

  9,788   15,935 
         

Income tax benefit

  (1,024)  (560)
         

Income before equity in undistributed net income of subsidiaries

  10,812   16,495 
         

Equity in undistributed net income of subsidiaries

  4,861   2,138 
         

NET INCOME

 $15,673  $18,633 
         

Comprehensive (loss) income

 $(9,933) $17,811 
Condensed Cash Flow Statement [Table Text Block]
  

Year Ended December 31,

 

(Dollar amounts in thousands)

 

2022

  

2021

 
         

OPERATING ACTIVITIES

        

Net income

 $15,673  $18,633 

Adjustments to reconcile net income to net cash provided by operating activities:

        

Equity in undistributed net income of Subsidiaries

  (4,861)  (2,138)

Stock-based compensation

  307   398 

Loss (gain) on equity securities

  173   (209)

Other, net

  (297)  (664)

Net cash provided by operating activities

  10,995   16,020 
         

INVESTING ACTIVITIES

        

Acquisition, net of cash paid

  10   - 
         

FINANCING ACTIVITIES

        
Stock options exercised  -   94 

Repurchase of treasury shares

  (6,119)  (12,291)

Cash dividends

  (5,490)  (4,240)

Net cash used in financing activities

  (11,609)  (16,437)
         

Decrease in cash

  (604)  (417)
         

CASH AT BEGINNING OF YEAR

  805   1,222 
         

CASH AT END OF YEAR

 $201  $805 
         

SUPPLEMENTAL INFORMATION

        

Common stock issued in business acquisition

 $73,265  $-