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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2020
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheets |
CONDENSED BALANCE SHEETS |  |  |  |  |  |  |  |
(Dollars in thousands) |  | December 31, |
|  | 2020 |  |  | 2019 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 14,247 |  |  | $ | 426 |
Investment in subsidiaries |  |  | 286,545 |  |  |  | 254,829 |
Other assets |  |  | 268 |  |  |  | 357 |
Total assets |  | $ | 301,060 |  |  | $ | 255,612 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 44,580 |  |  | $ | 17,735 |
Other liabilities |  |  | 792 |  |  |  | 3 |
Shareholders' equity |  |  | 255,688 |  |  |  | 237,874 |
Total liabilities and shareholders' equity |  | $ | 301,060 |  |  | $ | 255,612 |
Condensed Statements of Income and Comprehensive Income |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | For Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 7,537 |  |  | $ | 7,189 |  |  | $ | 10,837 |
Other income |  | $ | 13 |  |  |  | — |  |  |  | — |
Total Income |  |  | 7,550 |  |  |  | 7,189 |  |  |  | 10,837 |
Expense |  |  |  |  |  |  |  |  |  |  |  |
Other expenses |  |  | (3,715 | ) |  |  | (2,495 | ) |  |  | (5,668 | )
Total Expense |  |  | (3,715 | ) |  |  | (2,495 | ) |  |  | (5,668 | )
Income before income tax and equity in undistributed earnings (loss) of subsidiaries |  |  | 3,835 |  |  |  | 4,694 |  |  |  | 5,169 |
Equity in undistributed earnings (loss) of subsidiaries |  |  | 21,616 |  |  |  | 12,486 |  |  |  | 4,207 |
Income before income tax |  |  | 25,451 |  |  |  | 17,180 |  |  |  | 9,376 |
Income tax benefit |  |  | 758 |  |  |  | 521 |  |  |  | 1,220 |
Net income |  |  | 26,209 |  |  |  | 17,701 |  |  |  | 10,596 |
Series D preferred stock dividends |  |  | — |  |  |  | — |  |  |  | 102 |
Net income available to common shareholders |  | $ | 26,209 |  |  | $ | 17,701 |  |  | $ | 10,494 |
Comprehensive income |  | $ | 25,809 |  |  | $ | 20,422 |  |  | $ | 10,257 |
Condensed Statement of Cash Flows |
CONDENSED STATEMENTS OF CASH FLOWS |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | For Years Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 26,209 |  |  | $ | 17,701 |  |  | $ | 10,596 |
Equity in undistributed (earnings) loss of subsidiaries |  |  | (21,616 | ) |  |  | (12,486 | ) |  |  | (4,207 | )
Other, net |  |  | 582 |  |  |  | 139 |  |  |  | 1,071 |
Net cash provided by operating activities |  |  | 5,175 |  |  |  | 5,354 |  |  |  | 7,460 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net cash paid for acquisition |  |  | — |  |  |  | — |  |  |  | (2,798 | )
Investment in subsidiary |  |  | (10,500 | ) |  |  | — |  |  |  | — |
Purchases of premises and equipment |  |  | — |  |  |  | (81 | ) |  |  | — |
Net cash used in investing activities |  |  | (10,500 | ) |  |  | (81 | ) |  |  | (2,798 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (6,504 | ) |  |  | (6,688 | ) |  |  | (4,513 | )
Series D preferred stock dividends |  |  | — |  |  |  | — |  |  |  | (102 | )
Series D preferred stock redemption |  |  | — |  |  |  | — |  |  |  | (3,404 | )
Employee Stock Purchase Plan stock issuance |  |  | 147 |  |  |  | 134 |  |  |  | 119 |
Director Stock Purchase Plan stock issuance |  |  | 148 |  |  |  | 135 |  |  |  | 124 |
Treasury stock purchased |  |  | (1,795 | ) |  |  | — |  |  |  | — |
Subordinated debt issuance |  |  | 27,150 |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 19,146 |  |  |  | (6,419 | ) |  |  | (7,776 | )
Net increase (decrease) in cash and cash equivalents |  |  | 13,821 |  |  |  | (1,146 | ) |  |  | (3,114 | )
Cash and cash equivalents, beginning of year |  |  | 426 |  |  |  | 1,572 |  |  |  | 4,686 |
Cash and cash equivalents, end of year |  | $ | 14,247 |  |  | $ | 426 |  |  | $ | 1,572 |

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