Condensed Financial Information - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheet

Condensed financial statements of the Corporation, parent company only, follow:

(Dollars in thousands)	At December 31,
Balance Sheets	2022		2021
Assets:
Cash	$	129,923	$	99,608
Interest-earning deposits with other banks	283		246
Cash and cash equivalents	130,206		99,854
Investments in securities	781		978
Investments in subsidiaries, at equity in net assets:
Bank	786,560		761,782
Non-banks	—		—
Other assets	13,258		20,521
Total assets	$	930,805	$	883,135
Liabilities:
Subordinated notes	$	148,260	$	98,874
Other liabilities	6,045		10,467
Total liabilities	154,305		109,341
Shareholders' equity:	776,500		773,794
Total liabilities and shareholders' equity	$	930,805	$	883,135

Schedule of Condensed Income Statement

(Dollars in thousands)	For the Years Ended December 31,
Statements of Income	2022		2021		2020
Dividends from Bank	$	23,303	$	57,526	$	9,746
Dividends from non-bank	—		—		—
Other income	28,630		23,009		21,803
Total operating income	51,933		80,535		31,549
Interest expense	5,798		7,149		6,762
Operating expenses	30,297		26,464		22,852
Income before income tax benefit and equity in undistributed income of subsidiaries	15,838		46,922		1,935
Income tax benefit	(1,983)		(2,668)		(1,555)
Income before equity in undistributed income of subsidiaries	17,821		49,590		3,490
Equity in undistributed income of subsidiaries:
Bank	60,299		42,211		43,426
Non-banks	—		—		—
Net income	$	78,120	$	91,801	$	46,916

Schedule of Condensed Cash Flow Statement

(Dollars in thousands)	For the Years Ended December 31,
Statements of Cash Flows	2022		2021		2020
Cash flows from operating activities:
Net income	$	78,120	$	91,801	$	46,916
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries	(60,299)		(42,211)		(43,426)
Bank owned life insurance income	(116)		(111)		(108)
Depreciation of premises and equipment	346		304		320
Stock based compensation	4,120		3,698		1,480
Contributions to pension and other postretirement benefit plans	(252)		(265)		(270)
Decrease (increase) in other assets	7,561		(5,654)		2,321
(Decrease) increase in other liabilities	(4,256)		2,510		(4,631)
Net cash provided by operating activities	25,224		50,072		2,602
Cash flow from investing activities:
Investments in subsidiaries	(10,000)		—		—
Proceeds from sales of securities	1		—		—
Other, net	(272)		(68)		(32)
Net cash used in investing activities	(10,271)		(68)		(32)
Cash flows from financing activities:
Proceeds from issuance of subordinated notes	49,051		—		98,448
Repayment of subordinated debt	—		(85,000)		(10,000)
Payment for shares withheld to cover taxes on vesting of restricted stock units	(903)		(355)		(70)
Purchases of treasury stock	(11,381)		(295)		(4,382)
Stock issued under dividend reinvestment and employee stock purchase plans	2,541		2,384		2,369
Proceeds from exercise of stock options	698		2,058		384
Cash dividends paid	(24,607)		(23,575)		(17,536)
Net cash provided by (used in) financing activities	15,399		(104,783)		69,213
Net increase (decrease) in cash and due from financial institutions	30,352		(54,779)		71,783
Cash and cash equivalents at beginning of year	99,854		154,633		82,850
Cash and cash equivalents at end of period	$	130,206	$	99,854	$	154,633
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest	$	5,000	$	6,929	$	5,121
Income tax, net of refunds received	10,989		18,130		16,172