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Parent Company Statements (Tables)

12 Months Ended

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