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Condensed Financial Information of Parent Company | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Parent Company | Note 23 — Condensed Financial Information of Parent Company Balance Sheets
|  | At December 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Assets |  |  |  |  |  |
Cash |  | $ | 11,386 |  |  | $ | 7,492 |
Securities available for sale |  |  | 38,808 |  |  |  | 32,389 |
Investments in consolidated subsidiaries |  |  | 812,512 |  |  |  | 790,425 |
Other assets |  |  | 1,835 |  |  |  | 3,551 |
Total assets |  | $ | 864,541 |  |  | $ | 833,857 |
Liabilities and stockholders' equity |  |  |  |  |  |
Liabilities |  |  |  |  |  |
Subordinated debentures |  | $ | 130,638 |  |  | $ | 130,012 |
Other liabilities |  |  | 1,729 |  |  |  | 1,954 |
Total liabilities |  |  | 132,367 |  |  |  | 131,966 |
Stockholders' equity |  |  | 732,174 |  |  |  | 701,891 |
Total liabilities and stockholders' equity |  | $ | 864,541 |  |  | $ | 833,857 |
Statements of Income
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Dividends from bank subsidiaries |  | $ | 50,000 |  |  | $ | 44,500 |  |  | $ | 57,000 |
Interest income on securities |  |  | 1,627 |  |  |  | 1,094 |  |  |  | 191 |
Interest expense |  |  | (6,571 | ) |  |  | (6,482 | ) |  |  | (8,037 | )
Other expense |  |  | (7,006 | ) |  |  | (5,817 | ) |  |  | (5,174 | )
Income before taxes and undistributed income of subsidiary |  |  | 38,050 |  |  |  | 33,295 |  |  |  | 43,980 |
Income tax benefit |  |  | 3,235 |  |  |  | 1,403 |  |  |  | 4,026 |
Income before undistributed income of subsidiary |  |  | 41,285 |  |  |  | 34,698 |  |  |  | 48,006 |
Equity in undistributed income of subsidiary |  |  | 20,916 |  |  |  | 45,343 |  |  |  | 53,388 |
Net income |  | $ | 62,201 |  |  | $ | 80,041 |  |  | $ | 101,394 |
Statements of Cash Flows
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | (in thousands) |
Cash Flows from Operating Activities: |  |  |  |  |  |  |  |  |
Net income |  | $ | 62,201 |  |  | $ | 80,041 |  |  | $ | 101,394 |
Adjustments to reconcile net income to net cash used in operating activities |  |  |  |  |  |  |  |  |
Undistributed income of subsidiary |  |  | (20,916 | ) |  |  | (45,343 | ) |  |  | (53,388 | )
Depreciation and amortization |  |  | 494 |  |  |  | 409 |  |  |  | 1,703 |
Share-based compensation expense |  |  | 3,575 |  |  |  | 2,680 |  |  |  | 2,596 |
Change in other assets and liabilities |  |  | 1,382 |  |  |  | 8,879 |  |  |  | (2,019 | )
Net cash provided by operating activities |  |  | 46,736 |  |  |  | 46,666 |  |  |  | 50,286 |
Cash Flows from Investing Activities: |  |  |  |  |  |  |  |  |
Purchases of securities |  |  | (23,989 | ) |  |  | (21,328 | ) |  |  | (17,956 | )
Proceeds from matured, called and repayment of securities |  |  | 17,845 |  |  |  | 7,000 |  |  |  | — |
Net cash used in investing activities |  |  | (6,144 | ) |  |  | (14,328 | ) |  |  | (17,956 | )
Cash Flows from Financing Activities: |  |  |  |  |  |  |  |  |
Proceeds from exercise of stock options |  |  | 582 |  |  |  | — |  |  |  | 19 |
Redemption of subordinated debentures, net of treasury debentures |  |  | — |  |  |  | — |  |  |  | (87,300 | )
Cash paid for employee vested shares surrendered due to employee tax liability |  |  | (586 | ) |  |  | (785 | ) |  |  | (732 | )
Repurchase of common stock |  |  | (6,314 | ) |  |  | (4,084 | ) |  |  | — |
Cash dividends paid |  |  | (30,380 | ) |  |  | (30,535 | ) |  |  | (28,636 | )
Net cash provided by (used in) financing activities |  |  | (36,698 | ) |  |  | (35,404 | ) |  |  | (116,649 | )
Net increase (decrease) in cash |  |  | 3,894 |  |  |  | (3,066 | ) |  |  | (84,319 | )
Cash at beginning of year |  |  | 7,492 |  |  |  | 10,558 |  |  |  | 94,877 |
Cash at end of year |  | $ | 11,386 |  |  | $ | 7,492 |  |  | $ | 10,558 |

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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/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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