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Parent Company Only Condensed Financial Information (Tables)
12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Balance Sheets
   
December 31,
 
Condensed Balance Sheets
 
2021
   
2020
 
Assets:
               
Cash
  $ 45,800     $ 19,446  
Equity securities
    1,072       886  
Investment in bank subsidiary
    408,255       344,948  
Investment in nonbank subsidiaries
    3,474       16,017  
Other assets
    2,016       1,575  
   
 
 
   
 
 
 
Total assets
  $ 460,617     $ 382,872  
   
 
 
   
 
 
 
Liabilities:
               
Deferred income taxes and other liabilities
  $ 2,592     $ 3,337  
Subordinated debentures
    102,813       29,427  
   
 
 
   
 
 
 
Total liabilities
    105,405       32,764  
   
 
 
   
 
 
 
Shareholders’ Equity:
               
Common stock
    277,741       277,039  
Accumulated earnings
    125,558       93,048  
Treasury Stock
    (56,907     (34,598
Accumulated other comprehensive income
    8,820       14,619  
   
 
 
   
 
 
 
Total shareholders’ equity
    355,212       350,108  
   
 
 
   
 
 
 
Total liabilities and shareholders’ equity
  $     460,617     $     382,872  
   
 
 
   
 
 
 
Schedule of Condensed Statements of Operations
   
For the years ended December 31,
 
Condensed Statements of Operations
 
2021
   
2020
   
2019
 
Dividends from bank subsidiaries
  $ 19,900     $ 15,300     $ 13,300  
Dividends from non-bank subsidiaries
    1,000       440        
Interest expense
    (956     (945     (1,423
Pension expense
    (47     (25     176  
Other expense, net
    (1,004     (1,241     (1,107
   
 
 
   
 
 
   
 
 
 
Income (loss) before equity in undistributed net
earnings of subsidiaries
    18,893       13,529       10,946  
Income tax benefit
    425       475       494  
Equity in undistributed net earnings of subsidiaries
    21,228       18,188       22,438  
   
 
 
   
 
 
   
 
 
 
Net income
  $ 40,546     $ 32,192     $ 33,878  
   
 
 
   
 
 
   
 
 
 
Comprehensive income
  $     34,747     $     39,937     $     42,204  
   
 
 
   
 
 
   
 
 
 
Schedule of Condensed Statements of Cash Flows
    
For the years ended December 31,
 
Condensed Statements of Cash Flows
  
2021
    
2020
    
2019
 
Operating activities:
                          
Net income
   $ 40,546      $ 32,192      $ 33,878  
Adjustment to reconcile net income to net cash
from operating activities:
                          
Change in other assets and other liabilities
     2,495        1,925        4,437  
Equity in undistributed net earnings of
subsidiaries
     (21,228      (18,188      (22,438
    
 
 
    
 
 
    
 
 
 
Net cash from (used for) operating activities
     21,813        15,929        15,877  
Investing activities:
                          
Disposal of minority interest
     11,500                
Disposal of investment in subsidiary
                   41  
Acquisition and additional capitalization of
subsidiary, net of cash acquired
     (50,000              
    
 
 
    
 
 
    
 
 
 
Net cash from (used for) investing activities
     (38,500             41  
Financing activities:
                          
Cash paid on fractional shares on preferred stock
conversion to common stock
                   (2
Proceeds from subordinated debenture, net of
issuance costs
     73,386                
Purchase of treasury stock
     (22,309      (13,454      (3,909
Payment to repurchase series B preferred stock
                   (402
Cash dividends paid
     (8,036      (7,118      (7,194
    
 
 
    
 
 
    
 
 
 
Net cash used for financing activities
     43,041        (20,572      (11,507
    
 
 
    
 
 
    
 
 
 
Net change in cash and cash equivalents
     26,354        (4,643      4,411  
Cash and cash equivalents at beginning of year
     19,446        24,089        19,678  
    
 
 
    
 
 
    
 
 
 
Cash and cash equivalents at end of year
   $     45,800      $     19,446      $     24,089