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Condensed Financial Information of Parent Company
 12 Months Ended
Dec. 31, 2023
Condensed Financial Information of Parent Company [Abstract]  
Condensed Financial Information of Parent Company
18 - Condensed Financial Information of Parent Company

Condensed Balance Sheets
(in thousands)
 
December 31,
  
2023
    
2022
  
Assets
            
Investment in subsidiaries/affiliates (equity method)
  
$
506,855
    
$
509,513
  
Short-term investments
    
1,469
      
7,325
  
Cash
    
8,043
      
3,288
  
Property and equipment
    
504
      
586
  
Other
    
4,866
      
4,589
  
Total assets
  
$
521,737
    
$
525,301
  
                 
Liabilities and Stockholders’ Equity
                
Liabilities
                
Cash dividends declared to stockholders
  
$
5,570
    
$
5,297
  
Notes payable to subsidiary
    
35,000
      
35,000
  
Other
    
1,422
      
1,411
  
Total liabilities
    
41,992
      
41,708
  
Stockholders’ equity
    
479,745
      
483,593
  
Total liabilities and stockholders’ equity
  
$
521,737
    
$
525,301
  

Condensed Statements of Income (Loss) and Comprehensive Income (Loss)
(in thousands)
 
Year Ended December 31,
  
2023
    
2022
    
2021
  
Statements of Income (Loss)
                  
Revenues
                  
Dividends from subsidiaries
  
$
13,000
    
$
—
    
$
5,000
  
Other
    
638
      
526
      
481
  
Total revenues
    
13,638
      
526
      
5,481
  
Expenses
                        
Operating expenses
    
1,202
      
1,245
      
1,223
  
Interest
    
787
      
787
      
787
  
Total expenses
    
1,989
      
2,032
      
2,010
  
Income (loss) before income tax benefit and equity in undistributed net (loss) income of subsidiaries
    
11,649
      
(1,506
)
    
3,471
  
Income tax benefit
    
(375
)
    
(618
)
    
(714
)
Income (loss) before equity in undistributed net (loss) income of subsidiaries
    
12,024
      
(888
)
    
4,185
  
Equity in undistributed net (loss) income of subsidiaries
    
(7,598
)
    
(1,071
)
    
21,069
  
Net income (loss)
  
$
4,426
    
$
(1,959
)
  
$
25,254
  
Statements of Comprehensive Income (Loss)
                        
Net income (loss)
  
$
4,426
    
$
(1,959
)
  
$
25,254
  
Other comprehensive income (loss), net of tax
                        
Unrealized gain (loss) - subsidiaries
    
6,018
      
(44,988
)
    
(7,847
)
Other comprehensive income (loss),  net of tax
    
6,018
      
(44,988
)
    
(7,847
)
Comprehensive income (loss)
  
$
10,444
    
$
(46,947
)
  
$
17,407
  

Condensed Statements of Cash Flows
(in thousands)

Year Ended December 31,
  
2023
    
2022
    
2021
  
Cash flows from operating activities:
                  
Net income (loss)
  
$
4,426
    
$
(1,959
)
  
$
25,254
  
Adjustments:
                        
Equity in undistributed net loss (income) of subsidiaries
    
7,598
      
1,071
      
(21,069
)
Other
    
(168
)
    
(1,972
)
    
(536
)
Net adjustments
    
7,430
      
(901
)
    
(21,605
)
Net cash provided (used)
    
11,856
      
(2,860
)
    
3,649
  
Cash flows from investing activities:
                        
Net sale (purchases) of short-term investments
    
5,856
      
(7,316
)
    
—
  
Net purchase of property and equipment
    
(45
)
    
—
      
(13
)
Investment in subsidiaries
    
(819
)
    
(768
)
    
(916
)
Other
     30       (28 )     —  
Net cash received (used)
    
5,022
      
(8,112
)
    
(929
)
Cash flows from financing activities:
                        
Cash dividends paid
    
(21,894
)
    
(20,503
)
    
(19,099
)
Issuance of common stock
    
9,771
      
20,388
      
15,433
  
Net cash used
    
(12,123
)
    
(115
)
    
(3,666
)
Net change in cash
    
4,755
      
(11,087
)
    
(946
)
Cash at beginning of year
    
3,288
      
14,375
      
15,321
  
Cash at end of year
  
$
8,043
    
$
3,288
    
$
14,375