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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheets |
CONDENSED BALANCE SHEETS |  |  |  |  |  |  |  |
(Dollars in thousands) |  | December 31, |
|  | 2019 |  |  | 2018 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 426 |  |  | $ | 1,572 |
Investment in subsidiary |  |  | 254,829 |  |  |  | 239,323 |
Other assets |  |  | 357 |  |  |  | 296 |
Total assets |  | $ | 255,612 |  |  | $ | 241,191 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 17,735 |  |  | $ | 17,694 |
Other liabilities |  |  | 3 |  |  |  | 288 |
Shareholders' equity |  |  | 237,874 |  |  |  | 223,209 |
Total liabilities and shareholders' equity |  | $ | 255,612 |  |  | $ | 241,191 |
Condensed Statements of Income and Comprehensive Income |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | For Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiary |  | $ | 7,189 |  |  | $ | 10,837 |  |  | $ | 9,657 |
Other income |  |  | — |  |  |  | — |  |  |  | 19 |
Total Income |  |  | 7,189 |  |  |  | 10,837 |  |  |  | 9,676 |
Expense |  |  |  |  |  |  |  |  |  |  |  |
Other expenses |  |  | (2,495 | ) |  |  | (5,668 | ) |  |  | (1,899 | )
Total Expense |  |  | (2,495 | ) |  |  | (5,668 | ) |  |  | (1,899 | )
Income before income tax and equity in undistributed earnings (loss) of subsidiary |  |  | 4,694 |  |  |  | 5,169 |  |  |  | 7,777 |
Equity in undistributed earnings (loss) of subsidiary |  |  | 12,486 |  |  |  | 4,207 |  |  |  | (1,136 | )
Income before income tax |  |  | 17,180 |  |  |  | 9,376 |  |  |  | 6,641 |
Income tax benefit |  |  | 521 |  |  |  | 1,220 |  |  |  | 448 |
Net income |  |  | 17,701 |  |  |  | 10,596 |  |  |  | 7,089 |
Series D preferred stock dividends |  |  | — |  |  |  | 102 |  |  |  | — |
Net income available to common shareholders |  | $ | 17,701 |  |  | $ | 10,494 |  |  | $ | 7,089 |
Comprehensive income |  | $ | 20,422 |  |  | $ | 10,257 |  |  | $ | 8,209 |
Condensed Statement of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | For Years Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 17,701 |  |  | $ | 10,596 |  |  | $ | 7,089 |
Equity in undistributed (earnings) loss of subsidiary |  |  | (12,486 | ) |  |  | (4,207 | ) |  |  | 1,136 |
Other, net |  |  | 139 |  |  |  | 1,071 |  |  |  | 866 |
Net cash provided by operating activities |  |  | 5,354 |  |  |  | 7,460 |  |  |  | 9,091 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net cash paid for acquisition |  |  | — |  |  |  | (2,798 | ) |  |  | — |
Proceeds from the sale of investment securities |  |  | — |  |  |  | — |  |  |  | 618 |
Investment in subsidiary |  |  | — |  |  |  | — |  |  |  | (12,600 | )
Purchases of premises and equipment |  |  | (81 | ) |  |  | — |  |  |  | — |
Net cash used in investing activities |  |  | (81 | ) |  |  | (2,798 | ) |  |  | (11,982 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (6,688 | ) |  |  | (4,513 | ) |  |  | (3,264 | )
Series D preferred stock dividends |  |  | — |  |  |  | (102 | ) |  |  | — |
Series D preferred stock redemption |  |  | — |  |  |  | (3,404 | ) |  |  | — |
Employee Stock Purchase Plan stock issuance |  |  | 134 |  |  |  | 119 |  |  |  | 104 |
Director Stock Purchase Plan stock issuance |  |  | 135 |  |  |  | 124 |  |  |  | 42 |
Deferred financing fees paid for subordinated debt issuance |  |  | — |  |  |  | — |  |  |  | (85 | )
Subordinated debt issuance |  |  | — |  |  |  | — |  |  |  | 10,000 |
Net cash (used in) provided by financing activities |  |  | (6,419 | ) |  |  | (7,776 | ) |  |  | 6,797 |
Net (decrease) increase in cash and cash equivalents |  |  | (1,146 | ) |  |  | (3,114 | ) |  |  | 3,906 |
Cash and cash equivalents, beginning of year |  |  | 1,572 |  |  |  | 4,686 |  |  |  | 780 |
Cash and cash equivalents, end of year |  | $ | 426 |  |  | $ | 1,572 |  |  | $ | 4,686 |

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