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Parent Company Only Financial Information (Tables)
12 Months Ended
Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]  
Condensed Balance Sheets
CONDENSED BALANCE SHEETS
December 31,
 
2019
 
2018
Assets
 
 
 
Cash
$
750

 
$
355

Trading securities
683

 
623

Investment in bank subsidiary
349,307

 
310,574

Investment in non-bank subsidiaries
24,606

 
20,686

Deferreds and current receivable
1,576

 
1,459

Other assets
1,479

 
1,749

Total assets
$
378,401

 
$
335,446

Liabilities
 
 
 
Borrowings from subsidiary
$
850

 
$
200

Subordinated debentures
70,620

 
70,620

Other liabilities
1,965

 
1,796

Total liabilities
73,435

 
72,616

Stockholders' equity
304,966

 
262,830

Total liabilities and stockholders' equity
$
378,401

 
$
335,446


Condensed Statements of Income
CONDENSED STATEMENTS OF INCOME
Year Ended December 31,
Income:
2019
 
2018
 
2017
Dividends from:
 
 
 
 
 
Bank subsidiary
$
12,696

 
$
12,029

 
$
8,840

Non-bank subsidiaries
0

 
3,000

 
2,250

Other
232

 
212

 
220

Total income
12,928

 
15,241

 
11,310

Expenses
(5,518
)
 
(5,184
)
 
(4,957
)
Income before income taxes and equity in undistributed net income of subsidiaries:
7,410

 
10,057

 
6,353

Income tax benefit
1,177

 
1,116

 
1,614

Equity in undistributed net income of bank subsidiary
27,580

 
24,031

 
17,430

Equity in undistributed (distributions in excess) of net income of non-bank subsidiaries
3,914

 
(1,485
)
 
(1,537
)
Net income
$
40,081

 
$
33,719

 
$
23,860


Condensed Statements of Cash Flows
CONDENSED STATEMENTS OF CASH FLOWS
Year Ended December 31,
 
2019
 
2018
 
2017
Net income
 
 
 
 
 
Adjustments to reconcile net income to net cash provided by
$
40,081

 
$
33,719

 
$
23,860

operating activities:
 
 
 
 
 
Equity in undistributed net income of bank subsidiary
(27,580
)
 
(24,031
)
 
(17,430
)
(Equity in undistributed) distributions in excess of net income of non–bank subsidiaries
(3,914
)
 
1,485

 
1,537

Net unrealized gains on trading securities
(24
)
 
0

 
(12
)
Decrease (increase) in other assets
177

 
872

 
(549
)
Increase in other liabilities
1,267

 
1,089

 
830

Net cash provided by operating activities
10,007

 
13,134

 
8,236

Cash flows from investing activities
 
 
 
 
 
Purchase of trading securities
(36
)
 
(44
)
 
(39
)
Investment in non-bank subsidiaries
0

 
(400
)
 
0

Investment in bank subsidiaries
0

 
0

 
(15,400
)
Net cash used in investing activities
(36
)
 
(444
)
 
(15,439
)
Cash flows from financing activities:
 
 
 
 
 
Dividends paid
(10,358
)
 
(10,237
)
 
(10,094
)
Purchase of treasury stock
(1,291
)
 
(2,454
)
 
(1,877
)
Net proceeds from issuance of common stock
1,423

 
0

 
19,294

Net advance (to) from subsidiary
650

 
(1,200
)
 
0

Net cash provided by (used in) financing activities
(9,576
)
 
(13,891
)
 
7,323

Net increase (decrease) in cash
395

 
(1,201
)
 
120

Cash beginning of year
355

 
1,556

 
1,436

Cash end of year
$
750

 
$
355

 
$
1,556