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Parent Company Statements | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Parent Company Statements |
(2 2) | Parent Company Statements
CONDENSED BALANCE SHEETS |  |  |  |  |  |  |  |
(Dollars in thousands) |  | December 31, |
|  | 2021 |  |  | 2020 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 44,825 |  |  | $ | 14,247 |
Investment in subsidiaries |  |  | 524,861 |  |  |  | 286,545 |
Other assets |  |  | 1,604 |  |  |  | 268 |
Total assets |  | $ | 571,290 |  |  | $ | 301,060 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Subordinated debt |  | $ | 64,990 |  |  | $ | 44,580 |
Other liabilities |  |  | 16,224 |  |  |  | 792 |
Shareholders' equity |  |  | 490,076 |  |  |  | 255,688 |
Total liabilities and shareholders' equity |  | $ | 571,290 |  |  | $ | 301,060 |
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | For Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from subsidiaries |  | $ | 3,897 |  |  | $ | 7,537 |  |  | $ | 7,189 |
Other income |  |  | 35 |  |  |  | 13 |  |  |  | — |
Total Income |  |  | 3,932 |  |  |  | 7,550 |  |  |  | 7,189 |
Expense |  |  |  |  |  |  |  |  |  |  |  |
Other expenses |  |  | (15,391 | ) |  |  | (3,715 | ) |  |  | (2,495 | )
Total Expense |  |  | (15,391 | ) |  |  | (3,715 | ) |  |  | (2,495 | )
(Loss) income before income tax and equity in undistributed earnings of subsidiaries |  |  | (11,459 | ) |  |  | 3,835 |  |  |  | 4,694 |
Equity in undistributed earnings of subsidiaries |  |  | 37,638 |  |  |  | 21,616 |  |  |  | 12,486 |
Income before income tax |  |  | 26,179 |  |  |  | 25,451 |  |  |  | 17,180 |
Income tax benefit |  |  | 3,140 |  |  |  | 758 |  |  |  | 521 |
Net income |  |  | 29,319 |  |  |  | 26,209 |  |  |  | 17,701 |
Comprehensive income |  | $ | 29,534 |  |  | $ | 25,809 |  |  | $ | 20,422 |
CONDENSED STATEMENTS OF CASH FLOWS |  |  |  |  |  |  |  |  |  |  |  |
(Dollars in thousands) |  | For Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 29,319 |  |  | $ | 26,209 |  |  | $ | 17,701 |
Equity in undistributed earnings of subsidiaries |  |  | (37,638 | ) |  |  | (21,616 | ) |  |  | (12,486 | )
Other, net |  |  | 5,473 |  |  |  | 582 |  |  |  | 139 |
Net cash (used in) provided by operating activities |  |  | (2,846 | ) |  |  | 5,175 |  |  |  | 5,354 |
CASH FLOWS FROM INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Net cash paid for acquisition |  |  | (792 | ) |  |  | — |  |  |  | — |
Investment in subsidiary |  |  | (27,353 | ) |  |  | (10,500 | ) |  |  | — |
Purchases of premises and equipment |  |  | — |  |  |  | — |  |  |  | (81 | )
Net cash used in investing activities |  |  | (28,145 | ) |  |  | (10,500 | ) |  |  | (81 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | (8,872 | ) |  |  | (6,504 | ) |  |  | (6,688 | )
Employee Stock Purchase Plan stock issuance |  |  | 172 |  |  |  | 147 |  |  |  | 134 |
Director Stock Purchase Plan stock issuance |  |  | 135 |  |  |  | 148 |  |  |  | 135 |
Proceeds from issuance of common stock |  |  | 70,545 |  |  |  | — |  |  |  | — |
Treasury stock purchased |  |  | (128 | ) |  |  | (1,795 | ) |  |  | — |
Subordinated debt issuance |  |  | — |  |  |  | 27,150 |  |  |  | — |
Other, net |  |  | (283 | ) |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | 61,569 |  |  |  | 19,146 |  |  |  | (6,419 | )
Net increase (decrease) in cash and cash equivalents |  |  | 30,578 |  |  |  | 13,821 |  |  |  | (1,146 | )
Cash and cash equivalents, beginning of year |  |  | 14,247 |  |  |  | 426 |  |  |  | 1,572 |
Cash and cash equivalents, end of year |  | $ | 44,825 |  |  | $ | 14,247 |  |  | $ | 426 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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