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Parent Company Condensed Financial Information | 12 Months Ended
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Dec. 31, 2024
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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Noninterest bearing deposit with bank subsidiary | ​ | $ | 78,007 | ​ | $ | 36,686 | ​
Investment in subsidiaries | ​ |  | 671,894 | ​ |  | 620,663 | ​
Other assets | ​ |  | 7,457 | ​ |  | 6,183 | ​
Total assets | ​ | $ | 757,358 | ​ | $ | 663,532 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders’ Equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ | $ | 25,773 | ​ | $ | 25,773 | ​
Subordinated debt | ​ |  | 59,467 | ​ |  | 59,382 | ​
Senior notes | ​ | ​ | - | ​ | ​ | - | ​
Notes payable | ​ | ​ | - | ​ | ​ | - | ​
Other liabilities | ​ |  | 1,084 | ​ |  | 1,096 | ​
Stockholders’ equity | ​ |  | 671,034 | ​ |  | 577,281 | ​
Total liabilities and stockholders' equity | ​ | $ | 757,358 | ​ | $ | 663,532 | ​
​ Condensed Statements of Income for the years ended December 31 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
Operating Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash dividends received from subsidiaries | ​ | $ | 55,000 | ​ | $ | 65,000 | ​ | $ | 40,000
Other income | ​ |  | 59 | ​ |  | 67 | ​ |  | 29
Total operating income | ​ |  | 55,059 | ​ |  | 65,067 | ​ |  | 40,029
Operating Expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Junior subordinated debentures | ​ |  | 1,127 | ​ |  | 1,095 | ​ |  | 1,136
Subordinated debt | ​ | ​ | 2,185 | ​ | ​ | 2,185 | ​ | ​ | 2,185
Senior notes | ​ | ​ | - | ​ | ​ | 2,408 | ​ | ​ | 2,682
Notes payable | ​ |  | - | ​ |  | 87 | ​ |  | 385
Other expenses | ​ |  | 6,209 | ​ |  | 5,947 | ​ |  | 5,086
Total operating expense | ​ |  | 9,521 | ​ |  | 11,722 | ​ |  | 11,474
Income before income taxes and equity in undistributed net income of subsidiaries | ​ |  | 45,538 | ​ |  | 53,345 | ​ |  | 28,555
Income tax benefit | ​ |  | (2,644) | ​ |  | (3,309) | ​ |  | (3,216)
Income before equity in undistributed net income of subsidiaries | ​ |  | 48,182 | ​ |  | 56,654 | ​ |  | 31,771
Equity in undistributed net income of subsidiaries | ​ |  | 37,082 | ​ |  | 35,075 | ​ |  | 35,634
Net income available to common stockholders | ​ | $ | 85,264 | ​ | $ | 91,729 | ​ | $ | 67,405
​ ​ ​ Condensed Statements of Cash Flows for the years ended December 31, were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2024 |  | 2023 |  | 2022
Cash Flows from Operating Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net Income | ​ | $ | 85,264 | ​ | $ | 91,729 | ​ | $ | 67,405
Adjustments to reconcile net income to net cash from operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed net income of subsidiaries | ​ |  | (37,082) | ​ |  | (35,075) | ​ |  | (35,634)
Provision for deferred tax (benefit) expense | ​ |  | (152) | ​ |  | (513) | ​ |  | 91
Change in taxes payable | ​ |  | (250) | ​ |  | 794 | ​ |  | (4,694)
Change in other assets | ​ |  | 12 | ​ |  | (43) | ​ |  | 12
Stock-based compensation | ​ |  | 3,914 | ​ |  | 3,603 | ​ |  | 2,960
Other, net | ​ |  | 76 | ​ |  | 575 | ​ |  | (2,753)
Net cash provided by operating activities | ​ |  | 51,782 | ​ |  | 61,070 | ​ |  | 27,387
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from Investing Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash paid for acquisition, net of cash and cash equivalents retained | ​ |  | - | ​ |  | - | ​ |  | -
Net cash provided by (used in) investing activities | ​ |  | - | ​ |  | - | ​ |  | -
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from Financing Activities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividend paid on common stock | ​ | ​ | (9,413) | ​ | ​ | (8,946) | ​ | ​ | (8,877)
Purchases of treasury stock | ​ |  | (1,048) | ​ |  | (605) | ​ |  | (455)
Repayment of term note | ​ | ​ | - | ​ | ​ | (9,000) | ​ | ​ | (4,000)
Repayment of senior note | ​ | ​ | - | ​ | ​ | (45,000) | ​ | ​ | -
Net cash used in financing activities | ​ |  | (10,461) | ​ |  | (63,551) | ​ |  | (13,332)
Net change in cash and cash equivalents | ​ |  | 41,321 | ​ |  | (2,481) | ​ |  | 14,055
Cash and cash equivalents at beginning of year | ​ |  | 36,686 | ​ |  | 39,167 | ​ |  | 25,112
Cash and cash equivalents at end of year | ​ | $ | 78,007 | ​ | $ | 36,686 | ​ | $ | 39,167
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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