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Parent Company Condensed Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Parent Company Condensed Financial Information |
Schedule of condensed balance sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​
Schedule of condensed statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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
Schedule of condensed statements of cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​

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