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Parent Company Financial Information
 12 Months Ended
Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]  
Parent Company Financial Information
Parent Company Financial Information
Condensed Parent Company financial information is as follows (dollars in thousands):
 
December 31,
Condensed Balance Sheets
2018
 
2017
Cash
$
3,596

 
$
1,597

Equity securities, at fair value
1,830

 
—

Securities available for sale, at fair value
6,361

 
8,740

Investment in subsidiaries
239,413

 
226,452

Due from subsidiaries
170

 
46

Other assets
64

 
31

Total Assets
$
251,434

 
$
236,866

 
 
 
 
Junior subordinated debt
$
27,927

 
$
27,826

Other liabilities
965

 
323

Shareholders' equity
222,542

 
208,717

Total Liabilities and Shareholders' Equity
$
251,434

 
$
236,866

 
Years Ended December 31,
Condensed Statements of Income
2018
 
2017
 
2016
Dividends from subsidiary
$
11,000

 
$
6,000

 
$
16,000

Other income
456

 
588

 
117

Expenses
2,396

 
1,862

 
1,662

Income tax benefit
(407
)
 
(581
)
 
(526
)
Income before equity in undistributed earnings of subsidiary
9,467

 
5,307

 
14,981

Equity in undistributed earnings of subsidiary
13,112

 
9,942

 
1,320

Net Income
$
22,579

 
$
15,249

 
$
16,301


 
Years Ended December 31,
Condensed Statements of Cash Flows
2018
 
2017
 
2016
Cash Flows from Operating Activities:
 
 
 
 
 
Net income
$
22,579

 
$
15,249

 
$
16,301

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Gain on sale of securities
—

 
(221
)
 
—

Equity in (undistributed) distributions of subsidiary
(13,112
)
 
(9,942
)
 
(1,320
)
Net change in other assets
(194
)
 
83

 
(57
)
Net change in other liabilities
136

 
(82
)
 
163

Net cash provided by operating activities
9,409

 
5,087

 
15,087

Cash Flows from Investing Activities:
 
 
 
 
 
Purchases of securities available for sale
—

 
(373
)
 
(6,588
)
Sales of equity securities
431

 
—

 
—

Sales of securities available for sale
—

 
500

 
—

Net cash provided by (used in) investing activities
431

 
127

 
(6,588
)
Cash Flows from Financing Activities:
 
 
 
 
 
Common stock dividends paid
(8,702
)
 
(8,384
)
 
(8,266
)
Repurchase of common stock
—

 
—

 
(1,292
)
Proceeds from exercise of stock options
861

 
113

 
142

Net cash used in financing activities
(7,841
)
 
(8,271
)
 
(9,416
)
Net increase (decrease) in cash and cash equivalents
1,999

 
(3,057
)
 
(917
)
Cash and cash equivalents at beginning of period
1,597

 
4,654

 
5,571

Cash and cash equivalents at end of period
$
3,596

 
$
1,597

 
$
4,654