Condensed Financial Information - Parent Company Only (Tables)

12 Months Ended

Dec. 31, 2023

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	2023		2022
Assets:
Cash	$	117,345	$	129,923
Interest-earning deposits with other banks	321		283
Cash and cash equivalents	117,666		130,206
Investments in securities	763		781
Investments in subsidiaries, at equity in net assets:
Bank	856,289		786,560
Non-banks	—		—
Other assets	17,139		13,258
Total assets	$	991,857	$	930,805
Liabilities:
Subordinated notes	$	148,761	$	148,260
Other liabilities	3,888		6,045
Total liabilities	152,649		154,305
Shareholders' equity:	839,208		776,500
Total liabilities and shareholders' equity	$	991,857	$	930,805

Schedule of Condensed Income Statement

(Dollars in thousands)	For the Years Ended December 31,
Statements of Income	2023		2022		2021
Dividends from Bank	$	18,386	$	23,303	$	57,526
Dividends from non-bank	—		—		—
Other income	25,000		28,630		23,009
Total operating income	43,386		51,933		80,535
Interest expense	9,125		5,798		7,149
Operating expenses	27,627		30,297		26,464
Income before income tax benefit and equity in undistributed income of subsidiaries	6,634		15,838		46,922
Income tax benefit	(2,751)		(1,983)		(2,668)
Income before equity in undistributed income of subsidiaries	9,385		17,821		49,590
Equity in undistributed income of subsidiaries:
Bank	61,719		60,299		42,211
Non-banks	—		—		—
Net income	$	71,104	$	78,120	$	91,801

Schedule of Condensed Cash Flow Statement

(Dollars in thousands)	For the Years Ended December 31,
Statements of Cash Flows	2023		2022		2021
Cash flows from operating activities:
Net income	$	71,104	$	78,120	$	91,801
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries	(61,719)		(60,299)		(42,211)
Bank owned life insurance income	(118)		(116)		(111)
Depreciation of premises and equipment	342		346		304
Stock based compensation	4,194		4,120		3,698
Contributions to pension and other postretirement benefit plans	(250)		(252)		(265)
(Increase) decrease in other assets	(4,526)		7,561		(5,654)
Increase (decrease) in other liabilities	2,975		(4,256)		2,510
Net cash provided by operating activities	12,002		25,224		50,072
Cash flow from investing activities:
Investments in subsidiaries	—		(10,000)		—
Proceeds from sales of securities	—		1		—
Other, net	(478)		(272)		(68)
Net cash used in investing activities	(478)		(10,271)		(68)
Cash flows from financing activities:
Proceeds from issuance of subordinated notes	—		49,051		—
Repayment of subordinated debt	—		—		(85,000)
Payment for shares withheld to cover taxes on vesting of restricted stock units	(1,232)		(903)		(355)
Purchases of treasury stock	(462)		(11,381)		(295)
Stock issued under dividend reinvestment and employee stock purchase plans	2,565		2,541		2,384
Proceeds from exercise of stock options	115		698		2,058
Cash dividends paid	(25,050)		(24,607)		(23,575)
Net cash (used in) provided by financing activities	(24,064)		15,399		(104,783)
Net (decrease) increase in cash and due from financial institutions	(12,540)		30,352		(54,779)
Cash and cash equivalents at beginning of year	130,206		99,854		154,633
Cash and cash equivalents at end of period	$	117,666	$	130,206	$	99,854
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest	$	8,625	$	5,000	$	6,929
Income tax, net of refunds received	15,266		10,989		18,130