XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Parent Company Condensed Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2021
Parent Company Condensed Financial Information |
Parent Company Condensed Financial Information | Note 21: Parent Company Condensed Financial Information ​ Condensed Balance Sheets for the years ended December 31, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest bearing deposit with bank subsidiary | ​ | $ | 25,112 | ​ | $ | 47,601 | ​
Investment in subsidiaries | ​ |  | 626,325 | ​ |  | 353,722 | ​
Other assets | ​ |  | 1,111 | ​ |  | 3,270 | ​
Total assets | ​ | $ | 652,548 | ​ | $ | 404,593 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ | $ | 25,773 | ​ | $ | 25,773 | ​
Subordinated debt | ​ |  | 59,212 | ​ |  | - | ​
Senior notes | ​ | ​ | 44,480 | ​ | ​ | 44,375 | ​
Notes payable | ​ | ​ | 13,000 | ​ | ​ | 17,000 | ​
Other liabilities | ​ |  | 8,056 | ​ |  | 10,358 | ​
Stockholders’ equity | ​ |  | 502,027 | ​ |  | 307,087 | ​
Total liabilities and stockholders' equity | ​ | $ | 652,548 | ​ | $ | 404,593 | ​
​ Condensed Statements of Income for the years ended December 31 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Operating Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash dividends received from subsidiaries | ​ | $ | 40,000 | ​ | $ | 41,300 | ​ | $ | 20,000
Other income | ​ |  | 15 | ​ |  | 32 | ​ |  | 109
Total operating income | ​ |  | 40,015 | ​ |  | 41,332 | ​ |  | 20,109
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ |  | 1,133 | ​ |  | 2,216 | ​ |  | 3,724
Subordinated debt | ​ | ​ | 1,610 | ​ | ​ | - | ​ | ​ | -
Senior notes | ​ | ​ | 2,692 | ​ | ​ | 2,693 | ​ | ​ | 2,700
Notes payable | ​ |  | 291 | ​ |  | 362 | ​ |  | -
Other interest expense | ​ |  | - | ​ |  | - | ​ |  | 13
Other expenses | ​ |  | 6,918 | ​ |  | 3,669 | ​ |  | 4,025
Total operating expense | ​ |  | 12,644 | ​ |  | 8,940 | ​ |  | 10,462
Income before income taxes and equity in undistributed net income of subsidiaries | ​ |  | 27,371 | ​ |  | 32,392 | ​ |  | 9,647
Income tax benefit | ​ |  | (2,986) | ​ |  | (2,215) | ​ |  | (3,187)
Income before equity in undistributed net income of subsidiaries | ​ |  | 30,357 | ​ |  | 34,607 | ​ |  | 12,834
Equity in undistributed net income of subsidiaries | ​ |  | (10,313) | ​ |  | (6,782) | ​ |  | 26,621
Net income available to common stockholders | ​ | $ | 20,044 | ​ | $ | 27,825 | ​ | $ | 39,455
​ ​ Condensed Statements of Cash Flows for the years ended December 31, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Cash Flows from Operating Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 20,044 | ​ | $ | 27,825 | ​ | $ | 39,455
Adjustments to reconcile net income to net cash from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed net income of subsidiaries | ​ |  | 10,313 | ​ |  | 6,782 | ​ |  | (26,621)
Provision for deferred tax expense (benefit) | ​ |  | (248) | ​ |  | (514) | ​ |  | 4,186
Change in taxes payable | ​ |  | (695) | ​ |  | 5,933 | ​ |  | 3,896
Change in other assets | ​ |  | (12) | ​ |  | 954 | ​ |  | -
Stock-based compensation | ​ |  | 1,435 | ​ |  | 2,089 | ​ |  | 2,516
Other, net | ​ |  | 961 | ​ |  | 682 | ​ |  | (80)
Net cash provided by (used in) operating activities | ​ |  | 31,798 | ​ |  | 43,751 | ​ |  | 23,352
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from Investing Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for acquisition, net of cash and cash equivalents retained | ​ |  | (94,406) | ​ |  | - | ​ |  | -
Net cash used in investing activities | ​ |  | (94,406) | ​ |  | - | ​ |  | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from Financing Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net change in other short-term borrowings | ​ | ​ | - | ​ | ​ | - | ​ | ​ | (4,000)
Dividend paid on common stock | ​ | ​ | (4,612) | ​ | ​ | (1,186) | ​ | ​ | (1,195)
Purchases of treasury stock | ​ |  | (10,417) | ​ |  | (5,922) | ​ |  | (666)
Redemption of junior subordinated debentures | ​ | ​ | - | ​ | ​ | (32,604) | ​ | ​ | -
Issuance of term note | ​ | ​ | - | ​ | ​ | 20,000 | ​ | ​ | -
Issuance of sub debt | ​ | ​ | 59,148 | ​ | ​ | - | ​ | ​ | -
Repayment of term note | ​ | ​ | (4,000) | ​ | ​ | (3,000) | ​ | ​ | -
Proceeds from exercise of stock option | ​ | ​ | - | ​ | ​ | - | ​ | ​ | 32
Net cash (used in) provided by financing activities | ​ |  | 40,119 | ​ |  | (22,712) | ​ |  | (5,829)
Net change in cash and cash equivalents | ​ |  | (22,489) | ​ |  | 21,039 | ​ |  | 17,523
Cash and cash equivalents at beginning of year | ​ |  | 47,601 | ​ |  | 26,562 | ​ |  | 9,039
Cash and cash equivalents at end of year | ​ | $ | 25,112 | ​ | $ | 47,601 | ​ | $ | 26,562
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​

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

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration