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Parent Company Condensed Financial Information | 12 Months Ended
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Dec. 31, 2022
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest bearing deposit with bank subsidiary | ​ | $ | 39,167 | ​ | $ | 25,112 | ​
Investment in subsidiaries | ​ |  | 555,140 | ​ |  | 626,325 | ​
Other assets | ​ |  | 6,526 | ​ |  | 1,111 | ​
Total assets | ​ | $ | 600,833 | ​ | $ | 652,548 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ | $ | 25,773 | ​ | $ | 25,773 | ​
Subordinated debt | ​ |  | 59,297 | ​ |  | 59,212 | ​
Senior notes | ​ | ​ | 44,585 | ​ | ​ | 44,480 | ​
Notes payable | ​ | ​ | 9,000 | ​ | ​ | 13,000 | ​
Other liabilities | ​ |  | 1,037 | ​ |  | 8,056 | ​
Stockholders’ equity | ​ |  | 461,141 | ​ |  | 502,027 | ​
Total liabilities and stockholders' equity | ​ | $ | 600,833 | ​ | $ | 652,548 | ​
​ Condensed Statements of Income for the years ended December 31 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Operating Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash dividends received from subsidiaries | ​ | $ | 40,000 | ​ | $ | 40,000 | ​ | $ | 41,300
Other income | ​ |  | 29 | ​ |  | 15 | ​ |  | 32
Total operating income | ​ |  | 40,029 | ​ |  | 40,015 | ​ |  | 41,332
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ |  | 1,136 | ​ |  | 1,133 | ​ |  | 2,216
Subordinated debt | ​ | ​ | 2,185 | ​ | ​ | 1,610 | ​ | ​ | -
Senior notes | ​ | ​ | 2,682 | ​ | ​ | 2,692 | ​ | ​ | 2,693
Notes payable | ​ |  | 385 | ​ |  | 291 | ​ |  | 362
Other expenses | ​ |  | 5,086 | ​ |  | 6,918 | ​ |  | 3,669
Total operating expense | ​ |  | 11,474 | ​ |  | 12,644 | ​ |  | 8,940
Income before income taxes and equity in undistributed net income of subsidiaries | ​ |  | 28,555 | ​ |  | 27,371 | ​ |  | 32,392
Income tax benefit | ​ |  | (3,216) | ​ |  | (2,986) | ​ |  | (2,215)
Income before equity in undistributed net income of subsidiaries | ​ |  | 31,771 | ​ |  | 30,357 | ​ |  | 34,607
Equity in undistributed net income of subsidiaries | ​ |  | 35,634 | ​ |  | (10,313) | ​ |  | (6,782)
Net income available to common stockholders | ​ | $ | 67,405 | ​ | $ | 20,044 | ​ | $ | 27,825
​ ​ Condensed Statements of Cash Flows for the years ended December 31, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Cash Flows from Operating Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 67,405 | ​ | $ | 20,044 | ​ | $ | 27,825
Adjustments to reconcile net income to net cash from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed net income of subsidiaries | ​ |  | (35,634) | ​ |  | 10,313 | ​ |  | 6,782
Provision for deferred tax expense (benefit) | ​ |  | 91 | ​ |  | (248) | ​ |  | (514)
Change in taxes payable | ​ |  | (4,694) | ​ |  | (695) | ​ |  | 5,933
Change in other assets | ​ |  | 12 | ​ |  | (12) | ​ |  | 954
Stock-based compensation | ​ |  | 2,960 | ​ |  | 1,435 | ​ |  | 2,089
Other, net | ​ |  | (2,753) | ​ |  | 961 | ​ |  | 682
Net cash provided by operating activities | ​ |  | 27,387 | ​ |  | 31,798 | ​ |  | 43,751
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividend paid on common stock | ​ | ​ | (8,877) | ​ | ​ | (4,612) | ​ | ​ | (1,186)
Purchases of treasury stock | ​ |  | (455) | ​ |  | (10,417) | ​ |  | (5,922)
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) | ​ | ​ | (4,000) | ​ | ​ | (3,000)
Net cash (used in) provided by financing activities | ​ |  | (13,332) | ​ |  | 40,119 | ​ |  | (22,712)
Net change in cash and cash equivalents | ​ |  | 14,055 | ​ |  | (22,489) | ​ |  | 21,039
Cash and cash equivalents at beginning of year | ​ |  | 25,112 | ​ |  | 47,601 | ​ |  | 26,562
Cash and cash equivalents at end of year | ​ | $ | 39,167 | ​ | $ | 25,112 | ​ | $ | 47,601
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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- 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 https://asc.fasb.org/extlink&oid=126898705&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 https://asc.fasb.org/extlink&oid=126929396&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 https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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