Parent Company Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Balance Sheets

CONDENSED BALANCE SHEETS	December 31,
	2023		2022
Assets
Cash	$	100,427	$	142,832
Equity securities	1,795		2,750
Investment in bank subsidiary	548,493		466,268
Investment in non-bank subsidiaries	23,262		21,566
Deferred assets and current receivables	1,894		1,782
Other assets	925		931
Total assets	$	676,796	$	636,129
Liabilities
Subordinated debentures	$	104,887	$	104,584
Other liabilities	662		783
Total liabilities	105,549		105,367
Stockholders' equity	571,247		530,762
Total liabilities and stockholders' equity	$	676,796	$	636,129

Schedule of Condensed Statements of Income

CONDENSED STATEMENTS OF INCOME	Year Ended December 31,
Income:	2023		2022		2021
Dividends from:
Bank subsidiary	$	22,295	$	21,225	$	22,165
Non-bank subsidiaries	1,325		1,431		1,700
Other	240		198		210
Total income	23,860		22,854		24,075
Expenses	(7,084)		(6,112)		(6,657)
Income before income taxes and equity in undistributed net income of subsidiaries:	16,776		16,742		17,418
Change in net unrealized holdings gains (losses) on equity securities not held for trading	(722)		(132)		121
Income tax benefit	1,606		1,422		1,381
Equity in undistributed net income of bank subsidiary	38,702		43,846		37,178
Equity in undistributed (distributions in excess) of net income of non-bank subsidiaries	1,658		1,310		1,609
Net income	58,020		63,188		57,707
Dividends on preferred stock	(4,302)		(4,302)		(4,302)
Net income available to common stockholders	$	53,718	$	58,886	$	53,405
Comprehensive income attributable to the parent	$	58,020	$	63,613	$	58,008

Schedule of Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS	Year Ended December 31,
	2023		2022		2021
Net income
Adjustments to reconcile net income to net cash provided by	$	58,020	$	63,188	$	57,707
Operating activities:
Equity in undistributed net income of bank subsidiary	(38,702)		(43,846)		(37,178)
(Equity in undistributed) distributions in excess of net income of non–bank subsidiaries	(1,658)		(1,310)		(1,609)
Net realized and unrealized (gains) losses on equity securities	700		132		(121)
Decrease in other assets	(230)		609		60
Increase in other liabilities	2,064		1,571		978
Net cash provided by operating activities	20,194		20,344		19,837
Cash flows from investing activities:
Purchase of equity securities	(41)		(32)		—
Sales and maturities of equity securities with readily determinable fair value	296		—		—
Investment in bank subsidiaries	(37,000)		—		—
Net cash used in investing activities	(36,745)		(32)		—
Cash flows from financing activities:
Dividends paid on common stock	(14,694)		(12,557)		(11,550)
Dividends paid on preferred stock	(4,302)		(4,302)		(4,302)
Proceeds from issuance of long term debt	—		—		83,484
Repayment of long term debt	—		—		(50,000)
Purchase of treasury stock	(6,858)		(1,707)		(1,163)
Net proceeds from issuance of common stock	—		94,051		—
Net cash provided by financing activities	(25,854)		75,485		16,469
Net (decrease) increase in cash	(42,405)		95,797		36,306
Cash beginning of year	142,832		47,035		10,729
Cash end of year	$	100,427	$	142,832	$	47,035