Annual report pursuant to Section 13 and 15(d)

Note 19 - Condensed Financial Statements (Parent Company Only) (Tables)

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Note 19 - Condensed Financial Statements (Parent Company Only) (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Condensed Balance Sheet [Table Text Block]
   

2023

   

2022

 

ASSETS

               

Cash and cash equivalents

  $ 8,827     $ 8,092  

Investment in Bank subsidiary

    278,013       238,697  

Investment in other subsidiaries

           

Other assets

    245       249  

Total assets

  $ 287,085     $ 247,038  
                 

LIABILITIES AND SHAREHOLDERS' EQUITY

               

Long-term debt

           

Other liabilities

           

Total liabilities

  $     $  

Total shareholders' equity

    287,085       247,038  

Total liabilities and shareholders' equity

  $ 287,085     $ 247,038  
Condensed Income Statement [Table Text Block]
   

2023

   

2022

 

INCOME

               

Dividends from subsidiaries

  $ 12,735     $ 11,913  

Other

           

Total income

    12,735       11,913  

EXPENSE

               

Interest expense

           

Other expense

    887       801  

Total expense

    887       801  

Income before income tax and equity in undistributed earnings of subsidiaries

    11,848       11,112  

Equity in undistributed earnings of subsidiaries

    31,189       23,445  

Income before income tax

    43,037       34,557  

Income tax benefit

    (187 )     (174 )

Net income

  $ 43,224     $ 34,731  

Comprehensive income

  $ 51,870     $ 3,452  
Condensed Cash Flow Statement [Table Text Block]
   

2023

   

2022

 

Cash flows from operating activities

               

Net income

  $ 43,224     $ 34,731  

Adjustments to reconcile net income to net cash from operating activities:

               

Equity in undistributed earnings of subsidiaries

    (31,189 )     (23,445 )

Stock compensation expense

    124       114  

Change in other assets

    4        

Change in other liabilities

          (17 )

Net cash from operating activities

    12,163       11,383  

Cash flows from investing activities

               

Investment in subsidiaries

           

Net cash from investing activities

           

Cash flows from financing activities

               

Repayment of other borrowings

           

Cash dividends paid

    (11,285 )     (10,915 )

Repurchases of shares

    (143 )     (207 )

Net cash from financing activities

    (11,428 )     (11,122 )

Net change in cash and cash equivalents

    735       261  

Cash and cash equivalents at beginning of year

    8,092       7,831  

Cash and cash equivalents at end of year

  $ 8,827     $ 8,092