XML 72 R53.htm IDEA: XBRL DOCUMENT v3.25.0.1

Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

Parent Company Condensed Financial Information

Schedule of condensed balance sheets

​

​	​	​	​	​	​	​	​
​		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	​

Schedule of condensed statements of operations

​

​	​	​	​	​	​	​	​	​	​
​		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

Schedule of condensed statements of cash Flows

​

​	​	​	​	​	​	​	​	​	​
​		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
​	​	​	​	​	​	​	​	​	​

​

X

- References

No definition available.

+ Details

Name:	srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix:	srt_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

+ Details

Name:	srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

+ Details

Name:	srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Subsection 04
-Paragraph (a)
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

+ Details

Name:	srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix:	srt_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration