XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.20.4

PARENT COMPANY FINANCIAL INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2020
Parent Company Financial Information [Abstract] |
PARENT COMPANY FINANCIAL INFORMATION | Note 23 PARENT COMPANY FINANCIAL INFORMATION The following are condensed statements of financial condition of the parent company at December 31: Parent Company Statements of Financial Condition (Dollars in Thousands, Except Per Share Data) 2020 2019 ASSETS Cash and Due From Subsidiary Bank $ 39,718 $ 28,924 Investment in Subsidiary Bank 342,958 359,577 Other Assets 6,530 5,884 Total Assets $ 389,206 $ 394,385 LIABILITIES Long-Term Borrowings $ 900 $ 1,500 Subordinated Notes Payable 52,887 52,887 Other Liabilities 14,582 12,982 Total Liabilities 68,369 67,369 SHAREOWNERS’ EQUITY Common Stock, $ .01 par value; 90,000,000 shares authorized; 16,790,573 and 16,771,544 shares issued and outstanding at December 31, 2020 and December 31, 2019, respectively 168 168 Additional Paid-In Capital 32,283 32,092 Retained Earnings 332,528 322,937 Accumulated Other Comprehensive Loss, Net of Tax (44,142) (28,181) Total Shareowners’ Equity 320,837 327,016 Total Liabilities and Shareowners’ Equity $ 389,206 $ 394,385 The operating results of the parent company for the three years ended December 31 are shown below: Parent Company Statements of Operations (Dollars in Thousands) 2020 2019 2018 OPERATING INCOME Income Received from Subsidiary Bank: Administrative Fees $ 6,068 $ 6,517 $ 5,700 Dividends 21,000 19,000 15,000 Other Income 193 203 171 Total Operating Income 27,261 25,720 20,871 OPERATING EXPENSE Salaries and Associate Benefits 3,418 3,928 3,679 Interest on Subordinated Notes Payable 1,514 2,381 2,286 Professional Fees 1,079 1,196 1,210 Advertising 140 157 106 Legal Fees 456 391 166 Other 1,673 1,711 2,170 Total Operating Expense 8,280 9,764 9,617 Earnings Before Income Taxes and Equity in Undistributed Earnings of Subsidiary Bank 18,981 15,956 11,254 Income Tax (Benefit) Expense (406) (632) (901) Earnings Before Equity in Undistributed Earnings of Subsidiary Bank 19,387 16,588 12,155 Equity in Undistributed Earnings of Subsidiary Bank 12,189 14,219 14,069 Net Income $ 31,576 $ 30,807 $ 26,224 The cash flows for the parent company for the three years ended December 31 were as follows: Parent Company Statements of Cash Flows (Dollars in Thousands) 2020 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES: Net Income $ 31,576 $ 30,807 $ 26,224 Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: Equity in Undistributed Earnings of Subsidiary Bank (12,189) (14,219) (14,069) Stock Compensation 892 1,569 1,421 (Increase) Decrease in Other Assets (217) (445) (327) Increase in Other Liabilities 1,900 1,557 1,579 Net Cash Provided By Operating Activities 21,962 19,269 14,828 CASH FROM FINANCING ACTIVITIES: Repayment of Long-Term Borrowings (600) (600) (600) Dividends Paid (9,567) (8,047) (5,457) Issuance of Common Stock Under Compensation Plans 1,041 1,054 797 Payments to Repurchase Common Stock (2,042) (1,805) (8,030) Net Cash Used In Financing Activities (11,168) (9,398) (13,290) Net Increase in Cash 10,794 9,871 1,538 Cash at Beginning of Year 28,924 19,053 17,515 Cash at End of Year $ 39,718 $ 28,924 $ 19,053

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=120391182&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 http://asc.fasb.org/extlink&oid=108774443&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 http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration