XML 57 R44.htm IDEA: XBRL DOCUMENT
v3.22.0.1

PARENT COMPANY CONDENSED FINANCIAL STATEMENTS: (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheet |
CONDENSED BALANCE SHEETS |  |  |  |
|  | December 31,
(Dollar amounts in thousands) |  | 2021 |  | 2020
ASSETS |  |  |  |
Cash deposits in affiliated banks |  | $ | 13,844 |  |  | $ | 2,480 |
Investments in subsidiaries |  | 571,986 |  |  | 597,888 |
Land and headquarters building, net |  | 4,423 |  |  | 4,614 |
Other |  | 7,518 |  |  | 6,000 |
Total Assets |  | $ | 597,771 |  |  | $ | 610,982 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |
Liabilities |  |  |  |
Dividends payable |  | 7,952 |  |  | 7,182 |
Other liabilities |  | 7,243 |  |  | 6,808 |
TOTAL LIABILITIES |  | 15,195 |  |  | 13,990 |
Shareholders' Equity |  | 582,576 |  |  | 596,992 |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |  | $ | 597,771 |  |  | $ | 610,982 |
Schedule of Condensed Income Statement |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |  |  |  |
|  | Years Ended December 31,
(Dollar amounts in thousands) |  | 2021 |  | 2020 |  | 2019
Dividends from subsidiaries |  | $ | 99,231 |  |  | $ | 31,069 |  |  | $ | 81,281 |
Other income |  | 746 |  |  | 1,054 |  |  | 720 |
Interest on borrowings |  | — |  |  | (374) |  |  | (142) |
Other operating expenses |  | (2,611) |  |  | (3,430) |  |  | (4,327) |
Income before income taxes and equity in undistributed earnings of subsidiaries |  | 97,366 |  |  | 28,319 |  |  | 77,532 |
Income tax benefit |  | 681 |  |  | 801 |  |  | 908 |
Income before equity in undistributed earnings of subsidiaries |  | 98,047 |  |  | 29,120 |  |  | 78,440 |
Equity in undistributed earnings of subsidiaries |  | (45,060) |  |  | 24,724 |  |  | (29,568) |
Net income |  | $ | 52,987 |  |  | $ | 53,844 |  |  | $ | 48,872 |
Comprehensive income |  | $ | 40,797 |  |  | $ | 71,109 |  |  | $ | 64,825 |
Schedule of Condensed Cash Flow Statement |
CONDENSED STATEMENTS OF CASH FLOWS |  |  |  |  |  |
|  | Years Ended December 31,
(Dollar amounts in thousands) |  | 2021 |  | 2020 |  | 2019
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |
Net Income |  | $ | 52,987 |  |  | $ | 53,844 |  |  | $ | 48,872 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization |  | 191 |  |  | 328 |  |  | 193 |
Equity in undistributed earnings |  | 45,060 |  |  | (24,724) |  |  | (29,568) |
Contribution of shares to ESOP |  | 1,402 |  |  | 1,471 |  |  | 1,251 |
Restricted stock compensation |  | 807 |  |  | 820 |  |  | 801 |
Increase (decrease) in other liabilities |  | 435 |  |  | 6,127 |  |  | (2,150) |
(Increase) decrease in other assets |  | (1,518) |  |  | (5,977) |  |  | 1,187 |
NET CASH FROM OPERATING ACTIVITIES |  | 99,364 |  |  | 31,889 |  |  | 20,586 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |
Cash received (disbursed) from acquisitions |  | (31,348) |  |  | — |  |  | (6,571) |
NET CASH FROM INVESTING ACTIVITIES |  | (31,348) |  |  | — |  |  | (6,571) |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |
Principal payments on borrowings |  | — |  |  | (10,310) |  |  | — |
Purchase of treasury stock |  | (42,471) |  |  | (9,220) |  |  | (315) |
Dividends paid |  | (14,181) |  |  | (14,273) |  |  | (12,648) |
NET CASH FROM FINANCING ACTIVITES |  | (56,652) |  |  | (33,803) |  |  | (12,963) |
NET (DECREASE) INCREASE IN CASH |  | 11,364 |  |  | (1,914) |  |  | 1,052 |
CASH, BEGINNING OF YEAR |  | 2,480 |  |  | 4,394 |  |  | 3,342 |
CASH, END OF YEAR |  | $ | 13,844 |  |  | $ | 2,480 |  |  | $ | 4,394 |
Supplemental disclosures of cash flow information: |  |  |  |  |  |
Cash paid during the year for: |  |  |  |  |  |
Interest |  | $ | — |  |  | $ | 375 |  |  | $ | — |
Income taxes |  | $ | 15,025 |  |  | $ | 7,549 |  |  | $ | 9,595 |

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/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + 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/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + 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/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration