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Parent Company Statements (Tables)

12 Months Ended

Dec. 31, 2018

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

CONDENSED BALANCE SHEETS
(Dollars in thousands)		December 31,
		2018				2017
ASSETS
Cash and cash equivalents		$	1,572			$	4,686
Investment in subsidiaries			239,323				89,581
Other assets			296				—
Total assets		$	241,191			$	94,267

LIABILITIES AND SHAREHOLDERS' EQUITY
Subordinated debt		$	17,694			$	17,338
Other liabilities			288				1,226
Shareholders' equity			223,209				75,703
Total liabilities and shareholders' equity		$	241,191			$	94,267

Condensed Statements of Income and Comprehensive Income

CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(Dollars in thousands)		For Years Ended December 31,
		2018				2017				2016
Income
Dividends from subsidiaries		$	10,837			$	9,657			$	2,871
Other income			—				19				33
Total Income			10,837				9,676				2,904
Expense
Other expenses			(5,668	)			(1,899	)			(606	)
Total Expense			(5,668	)			(1,899	)			(606	)
Income before income tax and equity in undistributed earnings (loss) of subsidiary			5,169				7,777				2,298
Equity in undistributed earnings (loss) of subsidiary			4,207				(1,136	)			5,311
Income before income tax			9,376				6,641				7,609
Income tax benefit			1,220				448				195
Net income			10,596				7,089				7,804
Series D preferred stock dividends			102				—				—
Net income available to common shareholders		$	10,494			$	7,089			$	7,804
Comprehensive income		$	10,257			$	8,209			$	3,139

Condensed Statement of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in thousands)		For Years Ended December 31,
		2018				2017				2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$	10,596			$	7,089			$	7,804
Equity in undistributed loss (earnings) of subsidiaries			(4,207	)			1,136				(5,311	)
Decrease (increase) in other assets			(49	)			240				59
Increase (decrease) in other liabilities			1,120				626				457
Net cash provided by operating activities			7,460				9,091				3,009

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash paid for acquisitions			(2,798	)			—				—
Proceeds from the sale of investment securities			—				618				—
Repayment from (investment in) subsidiary			—				(12,600	)			—
Net cash used in investing activities			(2,798	)			(11,982	)			—

CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid			(4,513	)			(3,264	)			(2,875	)
Series D preferred stock dividends			(102	)			—				—
Series D preferred stock redemption			(3,404	)			—				—
Employee Stock Purchase Plan			119				104				82
Director Stock Purchase Plan			124				42				—
Deferred financing fees paid for subordinated debt issuance			—				(85	)			—
Subordinated debt issuance			—				10,000				—
Net cash provided by (used in) financing activities			(7,776	)			6,797				(2,793	)
Net increase in cash and cash equivalents			(3,114	)			3,906				216
Cash and cash equivalents, beginning of year			4,686				780				564
Cash and cash equivalents, end of year		$	1,572			$	4,686			$	780