XML 68 R53.htm IDEA: XBRL DOCUMENT
v3.20.4

Parent Corporation Only Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] | Condensed Statements of Condition
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
|  | (dollars in thousands) |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 34,388 |  |  | $ | 21,392 |
Investment in subsidiaries |  |  | 1,001,998 |  |  |  | 810,705 |
Receivable due from subsidiaries |  |  | 32,250 |  |  |  | 32,250 |
Securities available-for-sale |  |  | 155 |  |  |  | 155 |
Other assets |  |  | 51,288 |  |  |  | 1,282 |
Total assets |  | $ | 1,120,079 |  |  | $ | 865,784 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |
Other liabilities |  | $ | 2,121 |  |  | $ | 5,709 |
Subordinated debentures |  |  | 202,648 |  |  |  | 128,855 |
Stockholders’ equity |  |  | 915,310 |  |  |  | 731,190 |
Total liabilities and stockholders’ equity |  | $ | 1,120,079 |  |  | $ | 865,784 |
Condensed Income Statement [Table Text Block] | Condensed Statements of Income
|  | For Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |
Income: |  |  |  |  |  |  |  |  |  |  |  |
Dividend income from subsidiaries |  | $ | 15,200 |  |  | $ | 30,050 |  |  | $ | 16,700 |
Other income |  |  | 1,683 |  |  |  | 1,652 |  |  |  | 1,618 |
Total Income |  |  | 16,883 |  |  |  | 31,702 |  |  |  | 18,318 |
Expenses |  |  | (9,263) |  |  |  | (7,386) |  |  |  | (7,201) |
Income before equity in undistributed earnings of subsidiaries |  |  | 7,620 |  |  |  | 24,316 |  |  |  | 11,117 |
Equity in undistributed earnings of subsidiaries |  |  | 63,669 |  |  |  | 49,079 |  |  |  | 49,235 |
Net Income |  | $ | 71,289 |  |  | $ | 73,395 |  |  | $ | 60,352 |
Condensed Cash Flow Statement [Table Text Block] | Condensed Statements of Cash Flows
|  | For Years Ended December 31 |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (dollars in thousands) |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 71,289 |  |  | $ | 73,395 |  |  | $ | 60,352 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity in undistributed earnings of subsidiary |  |  | (63,669) |  |  |  | (49,079) |  |  |  | (49,235) |
Loss on equity securities, net |  |  | - |  |  |  | 38 |  |  |  | 4 |
Amortization of subordinated debt issuance costs |  |  | 323 |  |  |  | 329 |  |  |  | 332 |
(Increase) decrease in other assets |  |  | (50,001) |  |  |  | - |  |  |  | (959) |
(Decrease) increase in other liabilities |  |  | (391) |  |  |  | (1,509) |  |  |  | 3,843 |
Net cash provided by operating activities |  |  | (42,449) |  |  |  | 23,174 |  |  |  | 14,337 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |  |
Purchase of available-for-sale securities |  |  | - |  |  |  | (2) |  |  |  | (8) |
Sales of available-for-sale securities |  |  | - |  |  |  | 23 |  |  |  | - |
Sales of equity securities |  |  | - |  |  |  | 569 |  |  |  | - |
Payment of short-term borrowing |  |  | (3,000) |  |  |  | - |  |  |  | - |
Capital infusion to subsidiary |  |  | - |  |  |  | - |  |  |  | (64,500) |
Net cash provided by (used) in investing activities |  |  | (3,000) |  |  |  | 590 |  |  |  | (64,508) |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from subordinated debt |  |  | 73,440 |  |  |  | - |  |  |  | 73,525 |
Cash dividends on common stock |  |  | (14,317) |  |  |  | (12,160) |  |  |  | (9,664) |
Repurchase of stock |  |  | (911) |  |  |  | (12,643) |  |  |  | - |
Proceeds from exercise of stock options |  |  | 233 |  |  |  | 360 |  |  |  | 875 |
Net cash (used in) provided by financing activities |  |  | 58,445 |  |  |  | (24,443) |  |  |  | 64,736 |
(Decrease) increase in cash and cash equivalents |  |  | 12,996 |  |  |  | (679) |  |  |  | 14,565 |
Cash and cash equivalents as of January 1, |  |  | 21,392 |  |  |  | 22,071 |  |  |  | 7,506 |
Cash and cash equivalents as of December 31, |  | $ | 34,388 |  |  | $ | 21,392 |  |  | $ | 22,071 |

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

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