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Parent Company Statements (Tables) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheets |
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 |
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 Statement of Cash Flows |
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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