Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2020

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

CONDENSED BALANCE SHEETS
(Dollars in thousands)	December 31,
	2020		2019
ASSETS
Cash and cash equivalents	$	14,247	$	426
Investment in subsidiaries		286,545		254,829
Other assets		268		357
Total assets	$	301,060	$	255,612
LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt	$	44,580	$	17,735
Other liabilities		792		3
Shareholders' equity		255,688		237,874
Total liabilities and shareholders' equity	$	301,060	$	255,612

Condensed Statements of Income and Comprehensive Income

CONDENSED STATEMENTS OF INCOME AND    COMPREHENSIVE INCOME
(Dollars in thousands)	For Years Ended December 31,
	2020			2019			2018
Income
Dividends from subsidiaries	$	7,537		$	7,189		$	10,837
Other income	$	13			—			—
Total Income		7,550			7,189			10,837
Expense
Other expenses		(3,715	)		(2,495	)		(5,668	)
Total Expense		(3,715	)		(2,495	)		(5,668	)
Income before income tax and equity in undistributed earnings (loss) of subsidiaries		3,835			4,694			5,169
Equity in undistributed earnings (loss) of subsidiaries		21,616			12,486			4,207
Income before income tax		25,451			17,180			9,376
Income tax benefit		758			521			1,220
Net income		26,209			17,701			10,596
Series D preferred stock dividends		—			—			102
Net income available to common shareholders	$	26,209		$	17,701		$	10,494
Comprehensive income	$	25,809		$	20,422		$	10,257

Condensed Statement of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)	For Years Ended December 31,
	2020			2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	26,209		$	17,701		$	10,596
Equity in undistributed (earnings) loss of subsidiaries		(21,616	)		(12,486	)		(4,207	)
Other, net		582			139			1,071
Net cash provided by operating activities		5,175			5,354			7,460
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid for acquisition		—			—			(2,798	)
Investment in subsidiary		(10,500	)		—			—
Purchases of premises and equipment		—			(81	)		—
Net cash used in investing activities		(10,500	)		(81	)		(2,798	)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid		(6,504	)		(6,688	)		(4,513	)
Series D preferred stock dividends		—			—			(102	)
Series D preferred stock redemption		—			—			(3,404	)
Employee Stock Purchase Plan stock issuance		147			134			119
Director Stock Purchase Plan stock issuance		148			135			124
Treasury stock purchased		(1,795	)		—			—
Subordinated debt issuance		27,150			—			—
Net cash provided by (used in) financing activities		19,146			(6,419	)		(7,776	)
Net increase (decrease) in cash and cash equivalents		13,821			(1,146	)		(3,114	)
Cash and cash equivalents, beginning of year		426			1,572			4,686
Cash and cash equivalents, end of year	$	14,247		$	426		$	1,572