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Parent Company Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Parent Company Condensed Financial Information |
Schedule of condensed balance sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest bearing deposit with bank subsidiary | ​ | $ | 47,601 | ​ | $ | 26,562 | ​
Investment in subsidiaries | ​ |  | 353,722 | ​ |  | 352,703 | ​
Other assets | ​ |  | 3,270 | ​ |  | 3,981 | ​
Total assets | ​ | $ | 404,593 | ​ | $ | 383,246 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ | $ | 25,773 | ​ | $ | 57,734 | ​
Senior notes | ​ | ​ | 44,375 | ​ | ​ | 44,270 | ​
Notes Payable | ​ | ​ | 17,000 | ​ | ​ | - | ​
Other liabilities | ​ |  | 10,358 | ​ |  | 3,378 | ​
Stockholders’ equity | ​ |  | 307,087 | ​ |  | 277,864 | ​
Total liabilities and stockholders' equity | ​ | $ | 404,593 | ​ | $ | 383,246 | ​
Schedule of condensed statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Operating Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash dividends received from subsidiaries | ​ | $ | 41,300 | ​ | $ | 20,000 | ​ | $ | 30,000
Other income | ​ |  | 32 | ​ |  | 109 | ​ |  | 106
Total operating income | ​ |  | 41,332 | ​ |  | 20,109 | ​ |  | 30,106
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ |  | 2,216 | ​ |  | 3,724 | ​ |  | 3,716
Senior notes | ​ | ​ | 2,693 | ​ | ​ | 2,700 | ​ | ​ | 2,688
Notes payable | ​ |  | 362 | ​ |  | - | ​ |  | -
Other interest expense | ​ |  | - | ​ |  | 13 | ​ |  | 98
Other expenses | ​ |  | 3,669 | ​ |  | 4,025 | ​ |  | 4,208
Total operating expense | ​ |  | 8,940 | ​ |  | 10,462 | ​ |  | 10,710
Income before income taxes and equity in undistributed net income of subsidiaries | ​ |  | 32,392 | ​ |  | 9,647 | ​ |  | 19,396
Income tax benefit | ​ |  | (2,215) | ​ |  | (3,187) | ​ |  | (3,355)
Income before equity in undistributed net income of subsidiaries | ​ |  | 34,607 | ​ |  | 12,834 | ​ |  | 22,751
Equity in undistributed net income of subsidiaries | ​ |  | (6,782) | ​ |  | 26,621 | ​ |  | 11,261
Net income available to common stockholders | ​ | $ | 27,825 | ​ | $ | 39,455 | ​ | $ | 34,012
Schedule of condensed statements of cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 |  | 2019 |  | 2018
Cash Flows from Operating Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 27,825 | ​ | $ | 39,455 | ​ | $ | 34,012
Adjustments to reconcile net income to net cash from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed net income of subsidiaries | ​ |  | 6,782 | ​ |  | (26,621) | ​ |  | (11,261)
Provision for deferred tax expense (benefit) | ​ |  | (514) | ​ |  | 4,186 | ​ |  | 6,697
Change in taxes payable | ​ |  | 5,933 | ​ |  | 3,896 | ​ |  | (1,211)
Change in other assets | ​ |  | 954 | ​ |  | - | ​ |  | 97
Stock-based compensation | ​ |  | 2,089 | ​ |  | 2,516 | ​ |  | 2,257
Other, net | ​ |  | 682 | ​ |  | (80) | ​ |  | 172
Net cash provided by (used in) operating activities | ​ |  | 43,751 | ​ |  | 23,352 | ​ |  | 30,763
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from Investing Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for acquisition, net of cash and cash equivalents retained | ​ |  | - | ​ |  | - | ​ |  | (47,074)
Net cash used in investing activities | ​ |  | - | ​ |  | - | ​ |  | (47,074)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from Financing Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in other short-term borrowings | ​ | ​ | - | ​ | ​ | (4,000) | ​ | ​ | 4,000
Dividend paid on common stock | ​ | ​ | (1,186) | ​ | ​ | (1,195) | ​ | ​ | (1,189)
Purchases of treasury stock | ​ |  | (5,922) | ​ |  | (666) | ​ |  | (505)
Redemption of junior subordinated debentures | ​ | ​ | (32,604) | ​ | ​ | - | ​ | ​ | -
Issuance of term note | ​ | ​ | 20,000 | ​ | ​ | - | ​ | ​ | -
Repayment of term note | ​ | ​ | (3,000) | ​ | ​ | - | ​ | ​ | -
Proceeds from exercise of stock option | ​ | ​ | - | ​ | ​ | 32 | ​ | ​ | 33
Net cash (used in) provided by financing activities | ​ |  | (22,712) | ​ |  | (5,829) | ​ |  | 2,339
Net change in cash and cash equivalents | ​ |  | 21,039 | ​ |  | 17,523 | ​ |  | (13,972)
Cash and cash equivalents at beginning of year | ​ |  | 26,562 | ​ |  | 9,039 | ​ |  | 23,011
Cash and cash equivalents at end of year | ​ | $ | 47,601 | ​ | $ | 26,562 | ​ | $ | 9,039
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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