Parent Company Only Financial Information

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Disclosure [Abstract]

Parent Company Only Financial Information

Parent Company Only Financial Information

CONDENSED BALANCE SHEETS	December 31,
	2018		2017
Assets
Cash	$	355	$	1,556
Trading securities	623		580
Investment in bank subsidiary	310,574		290,156
Investment in non-bank subsidiaries	20,686		21,781
Deferreds and current receivable	1,459		2,055
Other assets	1,749		2,059
Total assets	$	335,446	$	318,187
Liabilities
Borrowings from subsidiary	$	200	$	1,400
Subordinated debentures	70,620		70,620
Other liabilities	1,796		2,257
Total liabilities	72,616		74,277
Stockholders' equity	262,830		243,910
Total liabilities and stockholders' equity	$	335,446	$	318,187

CONDENSED STATEMENTS OF INCOME	Year Ended December 31,
Income:	2018			2017			2016
Dividends from:
Bank subsidiary	$	12,029		$	8,840		$	8,700
Non-bank subsidiaries	3,000			2,250			1,200
Other	212			220			230
Total income	15,241			11,310			10,130
Expenses	(5,184		)	(4,957		)	(2,611		)
Income before income taxes and equity in undistributed net income of subsidiaries:	10,057			6,353			7,519
Income tax benefit	1,116			1,614			813
Equity in undistributed net income of bank subsidiary	24,031			17,430			13,184
Distributions in excess of net income of non-bank subsidiaries	(1,485		)	(1,537		)	(976		)
Net income	$	33,719		$	23,860		$	20,540

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2018			2017			2016
Net income
Adjustments to reconcile net income to net cash provided by	$	33,719		$	23,860		$	20,540
operating activities:
Equity in undistributed net income of bank subsidiary	(24,031		)	(17,430		)	(13,184		)
Distributions in excess of net income of non–bank subsidiaries	1,485			1,537			976
Net unrealized gains on trading securities	0			(12		)	(58		)
Decrease (increase) in other assets	872			(549		)	(1,277		)
Increase in other liabilities	1,045			791			1,645
Net cash provided by operating activities	13,090			8,197			8,642
Cash flows from investing activities
Investment in non-bank subsidiaries	(400		)	0			0
Investment in bank subsidiaries	0			(15,400		)	(49,223		)
Net cash used in investing activities	(400		)	(15,400		)	(49,223		)
Cash flows from financing activities:
Dividends paid	(10,237		)	(10,094		)	(9,546		)
Proceeds from issuance of long term debt	0			0			50,000
Purchase of treasury stock	(2,454		)	(1,877		)	(44		)
Net proceeds from issuance of common stock	0			19,294			0
Net advance (to) from subsidiary	(1,200		)	0			50
Net cash provided by (used in) financing activities	(13,891		)	7,323			40,460
Net increase (decrease) in cash	(1,201		)	120			(121		)
Cash beginning of year	1,556			1,436			1,557
Cash end of year	$	355		$	1,556		$	1,436