Parent Company only Condensed Financial Information (Tables) - HCC (Parent)

12 Months Ended

Dec. 31, 2020

Condensed financial statements

Schedule of condensed balance sheets

Condensed Balance Sheets

	December 31,
	2020		2019
	(Dollars in thousands)
Assets
Cash and cash equivalents	$	20,378	$	20,260
Investment in subsidiary bank		595,681		594,868
Other assets		1,881		1,761
Total assets	$	617,940	$	616,889
Liabilities and Shareholders' Equity
Subordinated debt, net of issuance costs	$	39,740	$	39,554
Other liabilities		311		627
Shareholders' equity		577,889		576,708
Total liabilities and shareholders' equity	$	617,940	$	616,889

Schedule of condensed statements of income

Condensed Statements of Operations

	Year Ended December 31,
	2020		2019		2018
	(Dollars in thousands)
Dividend from subsidiary bank	$	32,000	$	22,500	$	17,000
Other income		—		121		—
Interest expense		(2,321)		(2,314)		(2,315)
Other expenses		(3,263)		(3,084)		(3,030)
Income before income taxes and equity in net income of subsidiary bank		26,416		17,223		11,655
Equity in undistributed net income of subsidiary bank		7,255		21,757		22,161
Income tax benefit		1,628		1,481		1,515
Net income	$	35,299	$	40,461	$	35,331

Schedule of condensed statements of cash flows

Condensed Statements of Cash Flows

	Year Ended December 31,
	2020		2019		2018
	(Dollars in thousands)
Cash flows from operating activities:
Net Income	$	35,299	$	40,461	$	35,331
Adjustments to reconcile net income to net cash provided by operations:
Amortization of restricted stock awards, net		1,689		1,283		1,109
Equity in undistributed net income of subsidiary bank		(7,255)		(21,757)		(22,161)
Net change in other assets and liabilities		(250)		12		(64)
Net cash provided by operating activities		29,483		19,999		14,215
Cash flows from financing activities:
Payment of cash dividends		(31,079)		(22,723)		(18,464)
Proceeds from exercise of stock options		1,714		1,626		2,667
Net cash provided by (used in) financing activities		(29,365)		(21,097)		(15,797)
Net increase (decrease) in cash and cash equivalents		118		(1,098)		(1,582)
Cash and cash equivalents, beginning of year		20,260		21,358		22,940
Cash and cash equivalents, end of year	$	20,378	$	20,260	$	21,358