XML 117 R52.htm IDEA: XBRL DOCUMENT
v3.20.1

Note 21 - Parent Company Only Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes Tables |
Condensed Balance Sheet |
|  | 2019 |  | 2018
|  | (dollars in thousands)
Assets |  |  |  |  |  |
Cash and due from banks |  | $ | 59,529 |  | $ | 6,606
Interest-bearing deposits at financial institutions |  |  | 5,601 |  |  | 1,001
Investment in bank subsidiaries |  |  | 570,698 |  |  | 532,164
Investment in nonbank subsidiaries |  |  | 13,239 |  |  | 4,880
Premises and equipment, net |  |  | 9,424 |  |  | 6,956
Goodwill |  |  | 682 |  |  | 3,766
Intangibles |  |  | 1,503 |  |  | 1,855
Other assets |  |  | 15,150 |  |  | 14,794
Total assets |  | $ | 675,826 |  | $ | 572,022
Liabilities and Stockholders' Equity |  |  |  |  |  |
Liabilities: |  |  |  |  |  |
Other borrowings |  | $ | — |  | $ | 32,250
Subordinated notes |  |  | 63,531 |  |  | —
Junior subordinated debentures |  |  | 37,838 |  |  | 37,670
Other liabilities |  |  | 39,106 |  |  | 28,964
Total liabilities |  |  | 140,475 |  |  | 98,884
Stockholders' Equity: |  |  |  |  |  |
Common stock |  |  | 15,828 |  |  | 15,718
Additional paid-in capital |  |  | 274,785 |  |  | 270,761
Retained earnings |  |  | 245,836 |  |  | 192,203
Accumulated other comprehensive loss |  |  | (1,098) |  |  | (5,544)
Total stockholders' equity |  |  | 535,351 |  |  | 473,138
Total liabilities and stockholders' equity |  | $ | 675,826 |  | $ | 572,022
Condensed Income Statement |
|  | 2019 |  | 2018 |  | 2017
|  | (dollars in thousands)
Total interest income |  | $ | 77 |  | $ | 88 |  | $ | 13
Equity in net income of bank subsidiaries |  |  | 69,966 |  |  | 55,209 |  |  | 45,104
Equity in net income of nonbank subsidiaries |  |  | 6,797 |  |  | (436) |  |  | 75
Securities gains |  |  | — |  |  | — |  |  | 6
Other |  |  | 314 |  |  | (322) |  |  | 3
Total income |  |  | 77,154 |  |  | 54,539 |  |  | 45,201
Interest expense |  |  | 5,836 |  |  | 3,637 |  |  | 2,658
Salaries and employee benefits |  |  | 8,739 |  |  | 6,598 |  |  | 5,022
Professional fees |  |  | 1,545 |  |  | 1,872 |  |  | 1,345
Acquisition costs |  |  | — |  |  | 1,654 |  |  | 1,069
Post-acquisition compensation, transition and integration costs |  |  | 3,171 |  |  | 165 |  |  | 3,151
Disposition costs |  |  | 1,606 |  |  | — |  |  | —
Goodwill impairment |  |  | 3,000 |  |  | — |  |  | —
Other |  |  | 2,147 |  |  | 1,026 |  |  | 1,134
Total expenses |  |  | 26,044 |  |  | 14,952 |  |  | 14,379
Income before income tax benefit |  |  | 51,110 |  |  | 39,587 |  |  | 30,822
Income tax benefit |  |  | 6,298 |  |  | 3,533 |  |  | 4,885
Net income |  | $ | 57,408 |  | $ | 43,120 |  | $ | 35,707
Condensed Cash flow Statement |
|  | 2019 |  | 2018 |  | 2017
|  | (dollars in thousands)
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 57,408 |  | $ | 43,120 |  | $ | 35,707
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |
Earnings of bank subsidiaries |  |  | (69,966) |  |  | (55,209) |  |  | (45,104)
Earnings (losses) of nonbank subsidiaries |  |  | (6,797) |  |  | 436 |  |  | (75)
Distributions from bank subsidiaries |  |  | — |  |  | 34,500 |  |  | 21,000
Distributions from nonbank subsidiaries |  |  | 45,058 |  |  | 63 |  |  | 39
Accretion of acquisition fair value adjustments |  |  | 305 |  |  | 183 |  |  | 149
Depreciation |  |  | 327 |  |  | 249 |  |  | 225
Stock-based compensation expense |  |  | 2,469 |  |  | 1,443 |  |  | 1,187
Securities gains, net |  |  | — |  |  | — |  |  | (6)
Goodwill impairment |  |  | 3,000 |  |  | — |  |  | —
Decrease (increase) in other assets |  |  | 26 |  |  | 2,232 |  |  | (969)
(Decrease) increase in other liabilities |  |  | 7,814 |  |  | (7,226) |  |  | (6,919)
Net cash provided by operating activities |  |  | 39,644 |  |  | 19,791 |  |  | 5,234
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Net increase (decrease) in interest-bearing deposits at financial institutions |  |  | (4,600) |  |  | (1,000) |  |  | —
Activity in securities portfolio: |  |  |  |  |  |  |  |  |
Calls, maturities and redemptions |  |  | — |  |  | — |  |  | 6
Sales |  |  | — |  |  | — |  |  | 32
Capital infusion, bank subsidiaries |  |  | (8,600) |  |  | (3,500) |  |  | —
Capital infusion, non-bank subsidiaries |  |  | (100) |  |  | — |  |  | —
Net cash paid for acquisitions |  |  | — |  |  | (5,183) |  |  | (3,369)
Purchase of premises and equipment |  |  | (2,861) |  |  | (2,257) |  |  | (69)
Net cash (used in) investing activities |  |  | (16,161) |  |  | (11,940) |  |  | (3,400)
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Activity in other borrowings: |  |  |  |  |  |  |  |  |
Proceeds from other borrowings |  |  | — |  |  | 9,000 |  |  | 7,000
Paydown on revolving line of credit |  |  | (9,000) |  |  | — |  |  | —
Prepayments |  |  | (21,313) |  |  | — |  |  | —
Calls, maturities and scheduled payments |  |  | (1,799) |  |  | (12,550) |  |  | (11,000)
Proceeds from subordinated notes |  |  | 63,393 |  |  | — |  |  | —
Payment of cash dividends on common and preferred stock |  |  | (3,767) |  |  | (3,300) |  |  | (2,494)
Proceeds from issuance of common stock, net |  |  | 1,926 |  |  | 1,279 |  |  | 2,056
Net cash provided by (used in) financing activities |  |  | 29,440 |  |  | (5,571) |  |  | (4,438)
Net increase (decrease) in cash and due from banks |  |  | 52,923 |  |  | 2,280 |  |  | (2,604)
Cash and due from banks: |  |  |  |  |  |  |  |  |
Beginning |  |  | 6,606 |  |  | 4,326 |  |  | 6,930
Ending |  | $ | 59,529 |  | $ | 6,606 |  | $ | 4,326

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration